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Vard shares up on news of US$100m order

RHB analyst hails sector upside but also calls for caution


SHARES in Vard Holdings surged as much as 3.4 per cent in Monday trading on news of a more than US$100 million newbuild order. On a day when the broad market beat a retreat, Vard shares rose 1.5 cents to an intra-day high of S$0.455 before closing at S$0.445, up half a cent or 1