PETALING JAYA: The Chemical Company of Malaysia Bhd (CCM), which recently received certification to produce halal pharmaceutical products, is looking to turn around its fortunes after two years of chalking up losses. It did not take much to push the stock price to new highs given the stock’s illiquidity,” a remisier of a bank-based brokerage told StarBiz. Between Jan 25 and Feb 2, the day CCM achieved the certification, its stock price rose 32% from 90 sen to RM1.19. Over the same period, its stock price rose from RM1.92 to RM2.09. CCM also offers a 12-month trailing dividend yield of 4.35% according to Bloomberg data prior to the recent stock price rally.

Source: The Star February 05, 2017 23:01 UTC