$Ever Glory (ZKX.SG)$ It reported a net profit of SGD5.485 m...

It reported a net profit of SGD5.485 m in 1H2023, up 751.9% yoy. Its gross profit margin increased by 21.17%, due mainly to higher-margin projects undertaken in 1H2023.

Because of the poor liquidity, it is proposing a bonus issue of 84,700,000 new ordinary shares in the capital of the Company, on the basis of one (1) Bonus Share to be credited as fully paid for every one (1) existing ordinary share. So the number of shares will be double.

Good profit but poor liquidity. Can only buy a few lots a day and slowly accumulate.