Portek specializes in container cranes (above, right).
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PORTEK CRASHED more than 60% overnight to close at 20 cents on Tuesday (Nov 4) after it announced that the past year’s talks of selling itself had been called off.
Yesterday, it inched down half a cent to close at 19.5 cents, slightly lower than its cash per share of 20 cents.
That was when chairman Lam Choon Seng of the port terminal and container crane operator bought half a million shares at 20 cents apiece.
What is Portek’s position and valuation compared to other port players?
