Market Chatter: Stamford Tyres Opens First Retail Location in Malaysia; Shares Up 3%

MT Newswires01-19

Stamford Tyres (SGX:S29) opened its first retail location at Johor Bahru, Malaysia, according to Sunday on The Straits Times.

Shares of the automotive accessory and tyre company were up over 3% in Monday trading.

The Plentong Johor Flagship Outlet covers a total area of around 7,5000 square feet and has 11 workshop bays, the report said.

The new shop aims to serve customers in the Johor and other regions, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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