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Malaysia Warrants News

PRESTAR-WA Up On Strong Earnings

The warrant of Prestar Resources Berhad (Prestar-WA) rose today on moderate volume as the company reported a strong recovery in earnings in third quarter ended 30/9/2009.  Prestar reported net profit of RM9.3 million in the third quarter or EPS of 5.34 sen.  This is a reversal of losses it sufferd in the previous quarters.  Such big jump in earnings caused the underlying share to rise 10% today to 52.5 sen and the warrant also chalked up a 26% rise to 12 sen.

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