0657 GMT [Dow Jones] Bioscience technology company, INS Bioscience (0088.KU) +28% at 16 sen in thin volume; stock boosted by Bernama report, citing CEO Yeat Sew Chuong as saying, company has set target of 360 "Easy Mall" outlets over next 3 years. According to report, Yeat says company will have 60 outlets by FY10 ending Mar 31 from current total of 5 outlets; "we are confident of generating a good revenue and profit for our shareholders in the financial year 2010 because of the past investments while the franchising business is expected to start generating revenue." For 1Q10, company posted net profit of MYR126,000 vs net profit of MYR959,000. Strong resistance at 16 sen (200-DMA), next resistance at 20.5 sen.
Dow Jones Newswires
September 25, 2009 02:57 ET (06:57 GMT)
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