Tasco sees 1.38% of its shares cross off-market

by **Cals** Thu 19 Mar 2015, 01:58

Tasco sees 1.38% of its shares cross off-market

By Gho Chee Yuan / theedgemarkets.com | March 18, 2015 : 8:59 PM MYT

KUALA LUMPUR (Mar 18): [size=14]Tasco Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) saw 1.38 million shares, representing a 1.38% stake in the company, cross off market today.

According to Bloomberg data, the shares were moved in two blocks, valued at RM2.19 million to RM2.24 million each.

Both the blocks were traded at RM3.20 apiece, for a total value of RM 4.41 million.

The parties involved in the trades are not known at the time of writing.

Tasco (fundamental: 1.8; valuation: 2.4) is a logistics services provider. It also offers supply, warehousing, and haulage services to airports and automobile manufacturers.

It was featured as Insider Asia's stock of the day on Dec 31 last year.

According to the company's annual report, as at July 31 last year, its substantial shareholders were Yusen Logistics (Singapore) Pte Ltd with 18.23%, followed by Yusen Logistic Co. Ltd's 18.01% and Nippon Yusen Kabunshiki Kaisha with 6.59%.

The stock was traded as low as RM2.46 sen on Dec 17 last year before rising to its closing price of RM3.34 today.

It closed unchanged today with a market capitalisation of RM334 million. Some 25,000 shares were traded between RM3.20 and RM3.34 apiece.

(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.)

[/size]