Markets
Case of good profit not reflected in stock price
Koon Yew Yin | 12 May 2017 00:30
The share price of can maker Can-One Bhd has been falling from RM5.10 in January last year to the RM3.30 region in recent times. That simply means all its shareholders have been losing money.

When investors buy shares of listed companies, they expect to profit from the share price increases and good dividends. Can-One shareholders are not getting price increases and good dividends.

That is why frustrated shareholders are dumping their holdings.

At the company’s AGM on April 27, Can-One chief financial officer Khoo Kay Leong painted such a wonderful picture of the company. However, this didn’t provide much positive impact to its stock price.

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