Tradewinds surges 27% in early trade

13-06-2007: Tradewinds surges 27% in early trade

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Tradewinds Corporation Bhd’s share price surged as much as 27% or 41 sen to RM1.89 in very active trade on June 21 after a foreign research house re-rated the counter.

It opened at RM1.51, up three sen. Within the first two hours, there were 38.33 million shares done at prices ranging from RM1.51 to RM1.89.

At 11am, it was trading at RM1.78, up 30 sen.

The company reported net profit of RM7.86 million in the first quarter, compared with a net loss of RM23.61 million a year ago.

Earnings per share was 1.28 sen versus 3.79 sen loss per share. Its net assets per share was RM2.18.

Source : The Edge