EPF no longer a substantial shareholder in Perisai

by **Cals** Tue 20 Oct 2015, 00:16

Notable Trade

[size=28]EPF no longer a substantial shareholder in Perisai

By Supriya Surendran / theedgemarkets.com | October 19, 2015 : 6:27 PM MYT

KUALA LUMPUR (Oct 19): The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Perisai Petroleum Teknologi Bhd ([You must be registered and logged in to see this image.] Valuation: 1.70, Fundamental: 0.30).

A filing with Bursa Malaysia today showed that the EPF has disposed of 1 million Perisai shares on Oct 8 this year, bringing its total shareholdings in the company to 58.86 million, representing a 4.93% stake.

The EPF had emerged as a substantial shareholder in Perisai on Aug 12, with total shareholdings then of 59.86 million, representing a substantial 5.02% stake.

Singapore-listed Ezra Holdings Ltd ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 0.60) is the largest shareholder in Perisai via its indirect interests in Emas Offshore Ltd ( Valuation: N/A, Fundamental: N/A), which has a 12.13% direct stake in Perisai, and also in HCM Logistics Ltd, which holds an 11.46% stake.

Lembaga Tabung Haji controls 6.55% of Perisai's shareholdings, while Perisai managing director Datuk Zainol Izzet Mohamed Ishak has a 5.55% stake in the company.

Year-to-date, Perisai's share price has fallen by 22% to close at 35.5 sen today, with a market capitalisation of RM417.45 million.

(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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