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Hot Stock UEM Sunrise in spotlight after EPF emerges as major shareholder

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Hot Stock UEM Sunrise in spotlight after EPF emerges as major shareholder Empty Hot Stock UEM Sunrise in spotlight after EPF emerges as major shareholder

Post by Cals Thu 04 Jun 2015, 23:16

Hot Stock
UEM Sunrise in spotlight after EPF emerges as major shareholder

KUALA LUMPUR (June 4): Actively-traded UEM Sunrise Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as one sen or 1% to RM1.04 before trading flat after the Employees Provident Fund (EPF) emerged as a major shareholder in the property developer.
At 10.53am, UEM Sunrise (fundamental: 1.5; valuation: 2.6) was traded flat at RM1.03. About seven million shares were traded, making the stock the eighth most-actively traded entity across the exchange.
UEM Sunrise's share price compares with its latest reported net assets per share of RM1.40.
Yesterday, UEM Sunrise said the EPF emerged as a substantial shareholder in the firm after raising its stake to 5.009% last Wednesday (May 27).
The EPF had subsequently acquired more shares in UEM Sunrise, resulting in a stake of 5.19% in the last Friday.
(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.)
Cals
Cals
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Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it I’️d have been right perhaps as often as seven out of ten times.”
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