KUALA LUMPUR: Shares of RAMUNIA HOLDINGS BHD [] advanced in early trade on Monday, Feb 21 after it announced it was eyeing some RM300 million worth of fabrication jobs this year.
At 9.05am, Ramunia was up three sen to 70 sen with 9.4 million shares done. Its warrants, Ramunia-WA added three sen to 54.5 sen with 6.39 million units transacted.
The FBM KLCI rose 5.41 points to 1,522.97. There were 75.73 million shares done valued at RM41.78 million. There were 170 gainers, 40 losers and 108 stocks unchanged.
Last Friday, Ramunia chief executive officer Nor Badli Munawir Mohamad said he was upbeat on its prospects as as projects up for grabs start pouring into the market again, underpinned by the surge in crude oil prices
He was quoted saying by theedgemalaysia.com that while Ramunia's existing order book was negligible, he expected it to grow this year after Petroliam Nasional Bhd'' committed to opening more marginal oilfields and issue more oil and gas contracts this year.
Nor Badli had also said the key growth driver of its revenue in 2011 would be from its core business which was fabrication.
He expected the division to contribute some 70% to group revenue this year while the remaining 30% would come from its other business such as hook-up and commissioning as well as crane manufacturing.
At 9.05am, Ramunia was up three sen to 70 sen with 9.4 million shares done. Its warrants, Ramunia-WA added three sen to 54.5 sen with 6.39 million units transacted.
The FBM KLCI rose 5.41 points to 1,522.97. There were 75.73 million shares done valued at RM41.78 million. There were 170 gainers, 40 losers and 108 stocks unchanged.
Last Friday, Ramunia chief executive officer Nor Badli Munawir Mohamad said he was upbeat on its prospects as as projects up for grabs start pouring into the market again, underpinned by the surge in crude oil prices
He was quoted saying by theedgemalaysia.com that while Ramunia's existing order book was negligible, he expected it to grow this year after Petroliam Nasional Bhd'' committed to opening more marginal oilfields and issue more oil and gas contracts this year.
Nor Badli had also said the key growth driver of its revenue in 2011 would be from its core business which was fabrication.
He expected the division to contribute some 70% to group revenue this year while the remaining 30% would come from its other business such as hook-up and commissioning as well as crane manufacturing.
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