Stock Name: FITTERS
Company Name: FITTERS DIVERSIFIED BHD
Research House: RHB
KUALA LUMPUR: FITTERS DIVERSIFIED BHD [] saw 2.5 million of its shares traded off-market at RM1.02 a share on Thursday, June 9.
Stock market data showed that at RM1.02, this was three sen lower than Wednesday's closing price of RM1.05.
At 2.34pm, Fitters was down two sen to RM1.03 in normal trade. There were 177,500 shares done at prices ranging from RM1.01 to RM1.05.
RHB Research Institute had on Wednesday said Fitters management appeared confident about meeting the FY ending Dec 31, 2011 turnover and net profit forecasts of RM490.7 million and RM35.5 million.
'We are fine-tuning the numbers to RM474.2 million and RM36 million,' said the research house.
RHB Research said the production of dry long fibre and biofuel pellet has started in Fitters' palm oil mill in Kedah, temporarily powered by diesel and electricity generated from the steam boiler pending the installation of a biogas plant.
'Fitters hopes to sign up at least four third-party palm oil mills over the next one to two months for the conversion into 'green' palm oil mills,' it said, adding its fair value was RM1.28.
Company Name: FITTERS DIVERSIFIED BHD
Research House: RHB
KUALA LUMPUR: FITTERS DIVERSIFIED BHD [] saw 2.5 million of its shares traded off-market at RM1.02 a share on Thursday, June 9.
Stock market data showed that at RM1.02, this was three sen lower than Wednesday's closing price of RM1.05.
At 2.34pm, Fitters was down two sen to RM1.03 in normal trade. There were 177,500 shares done at prices ranging from RM1.01 to RM1.05.
RHB Research Institute had on Wednesday said Fitters management appeared confident about meeting the FY ending Dec 31, 2011 turnover and net profit forecasts of RM490.7 million and RM35.5 million.
'We are fine-tuning the numbers to RM474.2 million and RM36 million,' said the research house.
RHB Research said the production of dry long fibre and biofuel pellet has started in Fitters' palm oil mill in Kedah, temporarily powered by diesel and electricity generated from the steam boiler pending the installation of a biogas plant.
'Fitters hopes to sign up at least four third-party palm oil mills over the next one to two months for the conversion into 'green' palm oil mills,' it said, adding its fair value was RM1.28.
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