Sitra shares soar on bullish report
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
THE stock of wood products and furnishings specialist Sitra Holdings (International) surged almost 36 per cent on Thursday following an online report by a stockbroking house which suggested the company is worth a lot more than originally estimated.
The counter was the bourse's top percentage gainer as it ended Thurday's session half a cent up at 1.9 Singapore cents - its highest close in two months - on a volume of some 33.6 million shares.
In an internal note to traders via its KELIVE message transmission system, Maybank-Kim Eng noted that Sitra's 10 per cent stake in an industrial property located at 18 Sungei Kadut Street 2, was worth a lot more than the market originally estimated.
Copyright SPH Media. All rights reserved.
