Oriental Interest News Today

Oriental Interest Bhd’s (OIB) net profit for the first quarter ended Nov 30, 2022 fell by 4.5% year-on-year (y-o-y) to RM11.18mil or earnings per share of 2.41 sen.

The counter hit limit-up, rising 29.81%, or 62 sen to RM2.70. OIB proposed a corporate exercise to raise between a minimum of RM52.26mil and a maximum of RM85.17mil, the bulk of which will be to fund existing and/or future property development projects. The company proposed a one-for-one bonus issue which involved 154.85 million new shares; 154.85 million rights shares and 154.85 million free detachable warrants. OIB said the number of bonus shares was based on the share capital as at Dec 16 of...

market open KUALA LUMPUR: Glove makers underpinned the FBM KLCI’s advance in early Friday trade as Covid-19 cases continued to surge, prompting stronger demand, while investor sentiment was also shored up by firmer external markets. At 9.23am, the KLCI was up 1.95 points or 0.12% to 1,604.90. Turnover was 651.82 million shares valued at RM412.90mil. However, decliners led advancers 316 to 277 and 362 counters unchanged. Bloomberg reported Asian stocks followed their US peers higher as investo...