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This article first appeared in Capital, The Edge Malaysia Weekly on October 22, 2018 - October 28, 2018

Notable filings

BETWEEN Oct 8 and 12, notable filings included Datasonic Group Bhd executive director Mohamed Zulkhornain Ranee ceasing to be a shareholder of the company. He disposed of 180,300 shares between July 10 and Oct 12.

Meanwhile, deputy managing director Chew Ben Ben picked up 1.89 million shares from the open market, upping his stake to 348.6 million (14.18% direct interest and 11.64% indirect interest).

For the first quarter ended June 30, 2018, Datasonic’s net profit fell 51% to RM7.39 million from RM15.12 million a year ago. Revenue dipped 19% to RM48.78 million from RM60.1 million previously.

At Inta Bina Group Bhd, Jinata Muhamad Yusup emerged as a substantial shareholder after acquiring 33.85 million shares or a 6.32% stake.

Early this month, the construction company announced that it had received the green light from Securities Commission Malaysia to transfer its listing to the Main Market. It made its debut on the ACE Market a little over a year ago.

Sime Darby Bhd’s institutional shareholders were active in acquiring and disposing of shares between Oct 8 and 12.

Filings with Bursa show that AmanahRaya Trustees Bhd-Amanah Saham Bumiputera acquired 27.92 million shares during the week in review. This increased the institutional shareholder’s equity interest to 42.26%, or 2.87 billion shares.

Meanwhile, Kumpulan Wang Persaraan (Diperbadankan) disposed of 2.8 million shares during the period, bringing its total shareholding to 412.33 million shares (5.42% direct interest and 0.64% indirect interest).

The Employees Provident Fund disposed of 8.83 million shares during the week. It was involved in both direct and indirect stake disposals and acquisitions, which left it with 655.93 million shares by the end of the week. Out of this, 8.66% was direct interest while 1.18% was indirect interest.

Tiger Synergy Bhd executive chairman Datuk Tan Wei Lian acquired 10 million shares for 10.2 sen each on Oct 11 in a direct business transaction. Post-acquisition, Tan’s direct stake increased to 11.73%, or 66.5 million shares, while his indirect stake remained at 0.27%, or 1.51 million shares.

 

Notable movements

Aeon Co (M) Bhd’s share price fell 8.24% from RM1.70 to RM1.56 between Oct 8 and 12. Filings with Bursa show that during the period, Aberdeen Asset Management Plc disposed of 1.55 million shares through one of its subsidiaries, Aberdeen Asset Managers Ltd UK.

Aberdeen Asset Managers ceased to be a shareholder after the disposal but its parent company, Aberdeen Asset Management, retains a total indirect interest of 12.4% through various subsidiaries.

For the second quarter ended June 30, 2018, Aeon Co’s net profit fell 64% to RM9.79 million from RM27.55 million previously. Revenue increased marginally by 5.5% to RM1.06 billion from RM1.01 billion previously.

Ho Wah Genting Bhd’s share price fell 12.12% from 16.5 sen to 14.5 sen between Oct 9 and 12. During this period, Ho Wah Genting Holdings Sdn Bhd acquired 24.58 million of Ho Wah Genting’s shares to increase its stake to 30% or 97.45 million shares.

Ho Wah Genting Holdings’ major shareholders are the Lim brothers, managing director Datuk Lim Ooi Hong and executive director Lim Wee Kiat.

Ho Wah Genting was back in the black for the second quarter ended June 30, 2018, with a net profit of RM562,000. A year ago, it reported a net loss of RM849,000. This turnaround is attributed to a higher net foreign exchange gain of RM1.38 million and lower administrative expenses of RM220,000, according to the company.

 

 

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