Aemulus' share price marches higher

by **Cals** Mon 21 Sep 2015, 20:00

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[size=28]Aemulus' share price marches higher

By Danial Idraki / theedgemarkets.com | September 21, 2015 : 4:19 PM MYT

KUALA LUMPUR (Sept 21): News on Khazanah Nasional Bhd buying a 15% stake in Aemulus Holdings Bhd seems to be adding fuel to the rally on the stock, which share price has gained 75% against its initial public offer price of 28 sen since its debut last Tuesday.

The stock marched to a new high of 51 sen this morning, up 12% or 5.5 sen from last Friday's closing of 45.5 sen. As at 4pm, the automated test equipment (ATE) manufacturer was trading at 49 sen, with some 44.13 million shares changing hands, giving it a market capitalisation of RM221.62 million.

A remisier told theedgemarkets.com that there is some trading interest in the stock, which helped in lifting its share price.

Khazanah through its wholly-owned unit Bombalai Hill Ventures bought a 15% stake in Aemulus, making it the second-largest shareholder after Aemulus chief executive officer Ng Sang Beng who holds a 17.85% stake and executive director Yeoh Chee Keong's 11.77% stake.

Another substantial shareholder is Aemulus Ventures Sdn Bhd holding 8.06%.

The group made its debut on the ACE Market of Bursa Malaysia last Tuesday with an opening price of 38 sen.

Aemulus posted a net profit of RM6.97 million, 1.99 sen per share, for the nine-months ended June 30, 2015 on revenue of RM23.87 million.

For the financial year ended Sept 30, 2014, Aemulus posted a net profit of RM8.03 million compared with RM1 million in the previous financial year. Its revenue more than doubled to RM23.3 million from RM10 million in the previous year.

(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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