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NewsNotable Trade Dayang ups stake in Perdana Petroleum
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Notable Trade Dayang ups stake in Perdana Petroleum
by Cals Mon 23 Mar 2015, 23:11
Notable Trade
Dayang ups stake in Perdana Petroleum
By Shalini Kumar / theedgemarkets.com | March 23, 2015 : 3:59 PM MYT
KUALA LUMPUR (Mar 23): Sarawak-based [size=14]Dayang Enterprise Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) has increased its stake in Perdana Petroleum Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) to 29.88%, after recently acquiring three blocks of shares in the oil and gas player.
In a Bursa Malaysia filing this afternoon, Perdana Petroleum (fundamental: 1.3; valuation: 1.8) said Dayang (fundamental: 2.3; valuation: 2.1) had acquired a total of 11.5 million shares, or 1.55% from the open market between March 16 and 18 this year.
The price of the share purchase was not disclosed.
At 3.21 pm, Perdana Petroleum shares rose five sen or 4.63% to RM1.13, with 4.3 million shares done. Dayang shares also rose one sen or 0.44% to RM2.29 with 430,200 shares traded.
(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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Dayang ups stake in Perdana Petroleum
By Shalini Kumar / theedgemarkets.com | March 23, 2015 : 3:59 PM MYT
KUALA LUMPUR (Mar 23): Sarawak-based [size=14]Dayang Enterprise Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) has increased its stake in Perdana Petroleum Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) to 29.88%, after recently acquiring three blocks of shares in the oil and gas player.
In a Bursa Malaysia filing this afternoon, Perdana Petroleum (fundamental: 1.3; valuation: 1.8) said Dayang (fundamental: 2.3; valuation: 2.1) had acquired a total of 11.5 million shares, or 1.55% from the open market between March 16 and 18 this year.
The price of the share purchase was not disclosed.
At 3.21 pm, Perdana Petroleum shares rose five sen or 4.63% to RM1.13, with 4.3 million shares done. Dayang shares also rose one sen or 0.44% to RM2.29 with 430,200 shares traded.
(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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