InstaForex

September 21, 2021

This Is Among The Stocks Showing Outstanding Performance Recorded Latest ATH

 Eurospan Holdings Bhd's share price 'rocketed' 16.05% or 26 sen to RM1.62 in today's trading session, thus reaching the latest all -time high (ATH).


However, as of 4.21pm, the counter remained up 9.56% to RM1.49 with a market capitalization of RM66.19 million.


The furniture manufacturing company also has an issued share capital of RM52.8 million comprising 44.42 million shares and the net asset value per share remained at 98.57 sen as at 31 May 2021.


General and managing director Guan Kok Beng is its largest shareholder which it has increased its holding last year to 23.51 million shares or 52.92%.



According to the report, 41.67% is held through TBHL Holdings Sdn Bhd.


Eurospan also recorded a net profit of RM3.46 million or 7.78 sen per share in the financial year ended May 31, 2021 compared to a net loss of RM2.49 million or 5.61 sen per share.


The factor is likely to be influenced by the steady margin rate as well as the increasing demand for furniture products in the primary market.


Meanwhile, revenue for the year also showed an increase of 11.76% to RM52.58 million from RM47.05 last year.