Tuesday, June 28, 2011

Voir shares fall 16% in thin trade

KUALA LUMPUR: Shares of VOIR HOLDINGS BHD [] fell 16% on Tuesday, June 28 in thin trade while the company announced a 10% growth in revenue for the current financial year ending Dec 31, 2011.

At 3.06pm, the share price was down 9.5 sen to 49.5 sen with 5,000 shares done.

The FBM KLCI was up 4.62 points to 1,567.14. Turnover was 588.32 million shares valued at RM1.09 billion. There were 361 gainers, 305 losers and 316 stocks unchanged.

Bernama quoted Voir's managing director Ham Hon Kit as saying the company would expand its export markets of Ghana and Pakistan in the second half of the year. He also identified Africa, the Middle East and other Asian countries as potential export markets for next year.

"We'll be partnering a local distributor or agent to market our shoes. We will expand our presence in Ghana next month and in the fourth quarter in Pakistan," Ham was quoted saying after the AGM.

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