Capital Hot Stocks - Ramunia Bhd
The Edge Daily
21 February 2005

Oil and gas services company Ramunia Bhd, which was listed just three weeks ago, was actively traded over last week, with an average of 15 million shares being traded each day. It closed last Friday at 94.5 cent, its highest since listing, after starting out the week at 82.5 cent. It was recently reported that Ramunia, which took over the listed status of Sabah Shipyard Bhd, has RM120 million worth of jobs on hand and is bidding for another RM1 billion more, both locally and abroad. Market rumor has it that the company may have secured some new contracts.