Hot stock: Koh Brothers Eco Engineering up as much as 12.5% after H1 earnings

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.