Bursa Alert
Global Market
NewsNotable Trade EPF continues buying spree for SapuraKencana shares
Page 1 of 1
Notable Trade EPF continues buying spree for SapuraKencana shares
by Cals Fri 12 Dec 2014, 01:14
Notable Trade
EPF continues buying spree for SapuraKencana shares
By Foo Yen Ne / theedgemarkets.com | December 11, 2014 : 6:42 PM MYT
KUALA LUMPUR (Dec 11): The Employees Provident Fund (EPF) has continued its shopping spree for shares in the upstream oil and gas (O&G) player, SapuraKencana Petroleum Bhd (SapuraKencana) ([You must be registered and logged in to see this image.] Financial Dashboard) with a purchase of 6.26 million shares in the latter.
This brings the provident fund’s shareholding in SapuraKencana to 13.48% as at Dec 8, 2014, the date of the acquisition.
EPF has been on a buying spree for SapuraKencana shares after several positive news flow from the oil and gas group recently.
On Monday, SapuraKencana revealed improved financial performance for the third quarter ended Oct 31, 2014 (3Q15). It recorded nearly 42% jumped in net profits to RM348.4 million while its revenue grew 1.2% to RM2.41 billion year-on-year.
Prior to that on Dec 5, 2014, the company announced that it has been awarded contracts with a combined value of approximately RM1.58 billion.
[size=14]SapuraKencana closed at RM2.37 today, down half a sen. This gives it a market share of RM14.2 billion. The stock has been on a decline from the start of the year, shedding 51.5% year-to-date. [/size]
EPF continues buying spree for SapuraKencana shares
By Foo Yen Ne / theedgemarkets.com | December 11, 2014 : 6:42 PM MYT
KUALA LUMPUR (Dec 11): The Employees Provident Fund (EPF) has continued its shopping spree for shares in the upstream oil and gas (O&G) player, SapuraKencana Petroleum Bhd (SapuraKencana) ([You must be registered and logged in to see this image.] Financial Dashboard) with a purchase of 6.26 million shares in the latter.
This brings the provident fund’s shareholding in SapuraKencana to 13.48% as at Dec 8, 2014, the date of the acquisition.
EPF has been on a buying spree for SapuraKencana shares after several positive news flow from the oil and gas group recently.
On Monday, SapuraKencana revealed improved financial performance for the third quarter ended Oct 31, 2014 (3Q15). It recorded nearly 42% jumped in net profits to RM348.4 million while its revenue grew 1.2% to RM2.41 billion year-on-year.
Prior to that on Dec 5, 2014, the company announced that it has been awarded contracts with a combined value of approximately RM1.58 billion.
[size=14]SapuraKencana closed at RM2.37 today, down half a sen. This gives it a market share of RM14.2 billion. The stock has been on a decline from the start of the year, shedding 51.5% year-to-date. [/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Notable Trade Executive chairman continues to accumulate shares in Barakah
» Notable Trade Tan Sri Lau continues to up stake in Borneo Oil
» Notable Trade Tony Tiah continues to up stake in TA Global
» Notable Trade Thoo continues to trim stake in Notion VTec
» Notable Trade Vincent Tan continues to reduce stake in Magni-tech
» Notable Trade Tan Sri Lau continues to up stake in Borneo Oil
» Notable Trade Tony Tiah continues to up stake in TA Global
» Notable Trade Thoo continues to trim stake in Notion VTec
» Notable Trade Vincent Tan continues to reduce stake in Magni-tech
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum