news

TA Global down 5% at close

KUALA LUMPUR: Shares of newly-listed TA Global Bhd closed at 47.5 sen on the stock's initial trading day on Nov 23, down 2.5 sen or 5% from its issue price of 50 sen.

TA Global is the real estate and hospitality arm of financial services entity TA Enterprise Bhd. TA Global, the second most actively traded stock on FBM KLCI on Nov 23 with some 39 million shares done, saw its shares climb as high as 51 sen and fall to a low of 47 sen.

In a note, RHB Research Institute Sdn Bhd wrote that TA Global planned to launch about RM4.5 billion worth of real estate projects between 2010 and 2013. These jobs are expected to sustain TA Global's financials over the next seven years.
Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE