Stock Name: FLBHD
Company Name: FOCUS LUMBER BERHAD
Research House: RHB
KUALA LUMPUR: Focus Lumber Bhd made an impressive debut on the Main Market of Bursa Malaysia on Thursday, April 28 and was the most active counter in early trade.
At 9.05am, Focus Lumber jumped 40 sen to RM1 with 6.11 million shares done.
RHB Research has valued Focus Lumber at 78 sen, based on target PER of 7.0 times FY11 EPS of 11.2 sen. The offer price was 60 sen.
Company Name: FOCUS LUMBER BERHAD
Research House: RHB
KUALA LUMPUR: Focus Lumber Bhd made an impressive debut on the Main Market of Bursa Malaysia on Thursday, April 28 and was the most active counter in early trade.
At 9.05am, Focus Lumber jumped 40 sen to RM1 with 6.11 million shares done.
RHB Research has valued Focus Lumber at 78 sen, based on target PER of 7.0 times FY11 EPS of 11.2 sen. The offer price was 60 sen.
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