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KUALA LUMPUR (April 17): Salutica Bhd’s share price hit limit up in Monday (April 17) morning trade, after climbing as much as 29 sen or 27% to an intra-morning high of RM1.38, the highest since December 2017.
At the time of writing, the stock was the top gainer on Bursa Malaysia, trading up 22 sen or 20.18% at RM1.31, giving it a market capitalisation of RM558.71 million.
Meanwhile, its trading volume was 20.77 million — more than double its 200-day average volume of 2.57 million — making it among the top 10 active stocks across the local bourse.
The stock’s share price has been climbing steadily in these past few weeks, from 28 sen at the end-March. Since the beginning of this year, its share price has soared 427% from 26 sen.
Last week, the group saw the emergence of a new shareholder, Cheong Siew Chyuan, who is also a shareholder of ViTrox Corp Bhd with a 1.26% stake.
Cheong bought 4.43 million shares in the electronics manufacturer on April 12. Two days later, he bought 349,000 more shares in the company, raising his stake to 7.23%.
For the second quarter ended Dec 31, 2022 (2QFY2023), Salutica’s net loss widened to RM3.53 million from RM1.13 million for the same quarter in the previous year, mainly because it had stopped producing computer peripherals, while it experienced a low order volume for its Truly Wireless System (TWS) models.
Revenue for 2QFY2023 also decreased to RM9 million, from RM38.12 million a year earlier.
Better add all shares related where EMA 20 line almost golden cross with EMA 50 line and EMA 200 line AND distance EMA 200 - EMA 20 even nearer / smaller in your watchlist next time, sky light.
Have to see still have ppl kerja high not ? If not much buy volume then limit down , if still have buying interest , shark will slowly pass the ticket . Slowly down or fast down matter
