Subur Tiasa Holdings Bhd (-ve)
SHARES in Subur Tiasa (fundamental: 0.2/3; valuation: 0.9/3), which triggered our stocks with momentum algorithm last Friday for the first time since 2015, closed 0.71% or one sen higher at RM1.41.
It saw 54,100 shares traded versus the counter’s 200-day average of 3,353 shares.
The company is mainly involved in the manufacturing of timber products (plywood, particle board and sawn timber), extraction and sales of logs, and the cultivation of oil palm and sale of fresh fruit bunches.
It is planning to acquire all the rights, titles and interests of the Simunjan Estate in Sarawak, measuring 15,017ha, for RM150 million.
The proposed buy will gain it 5,775ha of established and incoming oil palm plantation and raise its planted area by 52% to 16,855ha. The buy is also expected to provide for tree-planting on an unplanted 5,370ha to provide for long-term supply of logs for its timber operation.
Subur Tiasa is currently trading at 0.42 times its net book value.
- Fire incident in Putra Heights not related to Gas Malaysia facilities, company says
- Massive gas pipeline fire in Puchong — Fire Dept
- Petronas confirms fire incident at Petronas Gas main pipeline near Puchong
- Gas pipeline blaze: 25 receiving initial medical treatment as of 10.35am
- Singapore’s Capital World says MACC froze its unit CCP’s bank accounts to facilitate ongoing investigations
- Gas pipeline blaze: Immediate financial aid for over 100 affected residents, says PM
- Gas pipeline blaze: PLUS reopens Seafield to Bandar Saujana Putra route
- LSH unit assumes management of KL Tower for 20 years until end-March 2045
- OpenAI finalises US$40b funding at US$300b value
- Directors cannot be automatically retired without an AGM, Court of Appeal rules