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Cheetah invests in IT firm Lambo
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Gagasan Nadi Cergas, Hup Seng Industries, Scientex, Daibochi, Sunway, Pharmaniaga, UMW, MAHB, Bermaz Auto, George Kent, Symphony Life, JAKS, Bioalpha, Pecca, Cheetah and Lambo
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KUALA LUMPUR (March 17): The FBM KLCI erased losses to close marginally higher today on last-minute buying interest ahead of the government’s announcement of a new stimulus package.
The benchmark index closed 1.01 points or 0.06% higher at 1,624.97 after having stayed in negative territory for the most part of the trading session.
A remisier, Jeffry Azizi Jaafar, said the drop in the index earlier was due to a correction in prices following the rally in the past three weeks.
“The market saw financial, plantation and technology [stocks] fall due to a consolidation after recent strong gains on market recovery optimism, driven by the ongoing vaccination programme and a decline in daily [new] Covid-19 infections,” he told
KUALA LUMPUR (March 15): Shares of Cheetah Holdings Bhd surged to a record high of RM1.97 at noon break today, after it had announced a collaboration with two other listed companies XOX Bhd and Lambo Group Bhd to launch a digital shopping platform.
As at 12.30pm, Cheetah’s share price rose by 23.9% or 38 sen to RM1.97, with some 28.43 million shares traded. It has a current market capitalisation of RM251.41 million. This counter rocketed by 286% from 51 sen at the beginning of this year. Notably, shares of Cheetah had never gone beyond RM1 up until early February of this year.
Over the past five weeks since XOX had purchased a 29.3% stake in Cheetah back on Feb 8 Cheetah itself has gained some RM122 million worth of market cap.
KUALA LUMPUR (Feb 19): The main index at Bursa Malaysia recovered lost ground and climbed at the midday break today, while regional markets pulled back from all-time highs.
At 12.30pm, the FBM KLCI rose 3.28 points to 1,579.12. The index had earlier slipped to a low of 1,573.84.
Market breadth remained cautious with 446 losers and 361 gainers, while 731 counters traded unchanged. Trading volume was a brisk 9.1 billion shares valued at RM3.69 billion.
The gainers included Genetec Technology Bhd, Malaysian Pacific Industries Bhd, Carlsberg Brewery Malaysia Bhd, Unisem (M) Bhd, Batu Kawan Bhd, Nestle (M) Bhd, Mr DIY Group (M) Bhd, Tasco Bhd, Greatech Technology Bhd, Heineken Malaysia Bhd and PPB Group Bhd.
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