Salcon shares drop 1.18% despite new construction contract
31 Oct 2017 / 11:31 H.
PETALING JAYA: Salcon Bhd's shares were down as much as 1.18% this morning, even after its unit Salcon Engineering Bhd bagged a RM13.2 million job to replace pipes in Gombak, Hulu Selangor, Klang and Hulu Langat from Pengurusan Air Selangor Sdn Bhd.
At 11.01am, the stock stood at 42 sen with 613,400 shares changing hands. Its market capitalisation stood at RM286.3 million.
The construction contract will start from Nov 8, 2017 for a period of 15 months until Feb 7, 2019, with a 18 months defect liability period.