Teck Guan top loser on receivables worries

TECK GUAN PERDANA BHD []'s share price fell the most on Bursa Malaysia on Thursday, July 8 as investors cautious about its receivables.

At 3.48pm, it is down 13 sen to 43 sen with 5,000 shares done.

It reported that its outstanding receivables for more than 12 months as at April 30, 2010 totalled RM71.56 million. However, it expected full recovery by end of January 2012.

Teck Guan expected RM39.61 million to be settled within 12 months and the remaining RM31.95 million to be resolved within one to two years






Written by Joseph Chin    
The Edge Malaysia