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Notable Trade EPF ceases to be Top Glove's substantial shareholder
by Cals Fri 27 Mar 2015, 01:28
Notable Trade
EPF ceases to be Top Glove's substantial shareholder
By Shalini Kumar / theedgemarkets.com | March 26, 2015 : 10:44 PM MYT
KUALA LUMPUR (Mar 26): The [size=14]Employees Provident Fund (EPF) has pared its stake in Top Glove Corp Bhd ([You must be registered and logged in to see this image.]Financial Dashboard), thus ceasing to be a substantial shareholder in the glovemaker.
According to a Bursa Malaysia filing today, the EPF disposed of five million shares or 0.8% of Top Glove's (fundamental: 2.5; valuation: 1.3) issued capital, leaving it with 26.9 million shares or a 4.36% stake.
This is compared with the 31.9 million shares or 5.17% stake that the EPF held on March 23, according to another filing.
Top Glove shares ended one sen higher at RM5.59 today, bringing a market capitalisation of RM3.5 billion.
(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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EPF ceases to be Top Glove's substantial shareholder
By Shalini Kumar / theedgemarkets.com | March 26, 2015 : 10:44 PM MYT
KUALA LUMPUR (Mar 26): The [size=14]Employees Provident Fund (EPF) has pared its stake in Top Glove Corp Bhd ([You must be registered and logged in to see this image.]Financial Dashboard), thus ceasing to be a substantial shareholder in the glovemaker.
According to a Bursa Malaysia filing today, the EPF disposed of five million shares or 0.8% of Top Glove's (fundamental: 2.5; valuation: 1.3) issued capital, leaving it with 26.9 million shares or a 4.36% stake.
This is compared with the 31.9 million shares or 5.17% stake that the EPF held on March 23, according to another filing.
Top Glove shares ended one sen higher at RM5.59 today, bringing a market capitalisation of RM3.5 billion.
(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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