Friday 26 Apr 2024
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KUALA LUMPUR (Mar 17): Koperasi Permodalan FELDA Malaysia Bhd (Felda) has acquired one million shares or a 0.33% stake in Teo Seng Capital Bhd, a filing today with Bursa Malaysia revealed.

The share purchase, transacted on March 12, has increased Felda’s interest to 16 million shares or 5.33% stake in Teo Seng (fundamental: 1.9; valuation: 2.1).

Teo Seng, which makes animal feed and is involved in poultry farming, closed up 4 sen or 1.9% to RM2.10, giving it a market capitalisation of RM630 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

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