KUALA LUMPUR: Shares of debutant Mclean Technologies Bhd were off its intra-day high of 71 sen in late afternoon on Tuesday, May 10 as investors were quick to lock in early gains.
At 3.31pm, it was up five sen to 57 sen with 56.23 million shares done. The warrants surged 18.5 sen to 19 sen with 22.6 million units done.
The FBM KLCI was up 3.26 points to 1,522.67. Turnover was 564.63 million shares done valued at RM679 million. There were 286 gainers, 358 losers and 307 stocks unchanged.
RHB Research accorded Mclean Technologies a fair value 57 sen, based on 7.5 times FY11 earnings per share.
Its offer of 2.7 million new shares offered to the public under its listing exercise at 52 sen each was oversubscribed by'' 100.49 times.
Mclean is mainly involved in precision cleaning and washing solutions for various components as well as plastic injection moulding for the hard disk drives (HDD) and automotive industries.
At 3.31pm, it was up five sen to 57 sen with 56.23 million shares done. The warrants surged 18.5 sen to 19 sen with 22.6 million units done.
The FBM KLCI was up 3.26 points to 1,522.67. Turnover was 564.63 million shares done valued at RM679 million. There were 286 gainers, 358 losers and 307 stocks unchanged.
RHB Research accorded Mclean Technologies a fair value 57 sen, based on 7.5 times FY11 earnings per share.
Its offer of 2.7 million new shares offered to the public under its listing exercise at 52 sen each was oversubscribed by'' 100.49 times.
Mclean is mainly involved in precision cleaning and washing solutions for various components as well as plastic injection moulding for the hard disk drives (HDD) and automotive industries.
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