Wednesday, July 13, 2011

OldTown active on Bursa Malaysia debut

KUALA LUMPUR: Caf'' chain operator and coffee beverage manufacturer OldTown Bhd was the most actively traded stock on Wednesday, July 13 when it made its debut on Bursa Malaysia.

At 9.20am, the stock added eight sen to RM1.33 with 23.82 million shares done.

Some 63.4 million new shares were issued, of which 10 million were allocated for the public. This portion was oversubscribed by 10.8 times.

Hwang DBS Vickers Research fair value was RM1.50 based on FY12 price-to-earnings of 12 times.


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