KLSE (MYR): MALAKOF (5264)
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Last Price
0.85
Today's Change
0.00 (0.00%)
Day's Change
0.845 - 0.865
Trading Volume
926,200
2024-11-15
2024-11-13
2024-11-12
2024-11-08
2024-11-06
2024-11-05
alexsee
1,349 posts
Posted by alexsee > 2018-05-23 14:33 | Report Abuse
Almost 75% shares are on 6 big shareholders: they are Syed Mokhtar (37.7%), EPF (11.7%), Lembaga Tabung Haji (10.23%), KWP (8.3%) and Amanah Saham Bumiputera (6.2%). Share buy back 10% which is 500mil shares started from last year December, as 22 May 2018, already bought back 62,618,600 shares, or 12.5%. Another 87.5% or 437,381,400 shares is waiting to buy back from open market. Maybe will take another one year to complete the 10% share buy back? These shares only will considered to sell back to market if the selling price is higher that purchased price (average should be around RM 0.9 ). Among these 6 big shareholders (75%), only EPF and KWP are actively buy and sell their own shares.. follow with Lembaga Tabung Haji. another 25% are from minority and foreigner. Since listed, the shares price drop from RM1.8 to RM0.9.. can make a guess, all these big shareholders, their average holding price should be above RM 0.9 or even higher.. anything sell below RM 0.9 is making loss. The share price is totally controlled by the big shareholders.. especially EPF and KWP because they actively trade their shares.. Shares price supported by share buy back policy.