Hot stock: Koh Brothers Eco Engineering up as much as 12.5% after H1 earnings
Sharanya Pillai
SHARES of Koh Brothers Eco Engineering (KBE) rose 12.5 per cent, or S$0.005, to S$0.045 at Monday’s market open. The counter was the second-most active counter by volume as of 9am, with 2.6 million shares traded.
This comes after the Catalist-listed company on Saturday posted a 2 per cent dip in net profit to S$1.17 million for H1 ended June, while its parent Koh Brothers more than doubled earnings for the period to S$5 million.
After hovering around the S$0.045 mark on Monday’s early trade, KBE later eased down to S$0.043 at 9.31am, with 13.3 million shares traded. No married deals were recorded, according to ShareInvestor data.
Koh Brothers Eco Engineering had reported a 7 per cent fall in H1 revenue to S$101.9 million, on the back of lower contributions from the engineering and construction division. It nevertheless has an order book of S$709.2 million as of end-June, boosted by a S$200.7 million contract from the Public Utilities Board.
Parent company Koh Brothers meanwhile enjoyed a 13 per cent rise in revenue for the 6-month period to S$158.9 million — driven by increased construction activities and sales of its Van Holland private residential project.
