EDARAN Bhd shares ended the day up 32.2% to RM1.21 with close to 6.6 million shares exchanging hands, a day after announcing to the stock exchange that it has secured a RM356.56 million contract to provide hardware and software rental services to the Royal Malaysian Customs Department.
eDaran's counter closed at 91.5 sen yesterday. It was trading at 85 sen on Dec 27, 2023, before moving upwards. Today's close was its 52-week high, with its 52-week low at 44 sen.
In an exchange filing yesterday, eDaran announced that its wholly owned subsidiary, eDaran IT Services Sdn Bhd, was awarded a four-year contract by the Ministry of Finance (MoF), commencing on Jan 1, 2024.
The proceeds for the project shall contribute towards the earnings of eDaran group for the financial year ending June 30, 2024, until June 30, 2028, it said.
eDaran IT Services is a full-fledged IT services and solutions provider, bringing to its customers end-to-end IT systems solutions that include the provisioning, installation, commissioning, integration and maintenance of IT systems and related services.
eDaran's largest shareholders are Valiant Chapter Sdn Bhd with a 23.8% stake, Kauthar Sdn Bhd (8.17%) and Unique Pyramid Sdn Bhd (7.93%). It has a market capitalisation of RM70.1 million.