The Singapore research team at KGI Securities has given Avarga Limited a fair value of 43 cents in an unrated report dated August 26. The fair value, which is deemed as the “minimum” for the company, utilises a 10x FY20F price-to-earnings (P/E ratio), which is based on the company’s three-year...

AVARGA on Monday said it is exploring opportunities relating to its paper manufacturing business, which include the expansion and/or potential listing of said business.

AVARGA on Monday said it is exploring opportunities relating to its paper manufacturing business, which include the expansion and/or potential listing of said business.

Mainboard-listed Avarga, in a response to a query by SGX RegCo, is unaware of what might have caused the unusual spike in its share price earlier today. However, the company is exploring a possible spin-off of its paper manufacturing business. It is also mulling a “possible transaction" which will...

MAINBOARD-LISTED Avarga received a query from the Singapore Exchange (SGX) after its shares jumped 33.1 per cent or 5.1 Singapore cents to 20.5 cents as at 11.42am on Monday.

AVARGA Ltd, which makes paper, swung into a net loss in the fourth quarter from a year ago, reflected in part higher forex losses.