This is a personal blog. All info published here does not recommend a call (BUY/SELL). The author shall not be liable in anyway for your losses or problems whatsoever.

You are welcome to copy and post my articles in your blog/website if you find it useful. Please quote my site with a link back to that article which you had copied. Thanks!


Thursday 28 April 2011

5197 FLBHD (Focus Lumber Berhad) surged 41% (25 cent) on debut



Focus Lumber Berhad (5197, FLBHD), a Sabah-based plywood, veneer and laminated veneer lumber manufacturer, garnered strong interest on the first day listing with 25 cent premium over its listing price of RM0.60.

It opened at RM0.85, and continue going uptrend before closing yesterday at RM1.18, which translated into almost 97% premium over its RM0.60 listing. For its shareholders whom had been holding it, imagine your holdings had doubled in 1 day!

Year 2011 seems to be a good year for IPO! Most of the companies whom debuted in 2011 had enjoyed a strong rally. FLBHD had joined them too. A total of 11 companies had listed in KLSE for 2011, with the next one (12th), Boilermech Holdings Berhad (BOILERM), debuting soon on 5th of May, 2011.

Related article:

Posted by at
Labels: ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Chitika