KUALA LUMPUR (Jan 26): Focus Lumber Bhd (fundamental:1.75; valuation: 3), which specialises in the manufacture and sale of plywood, saw 5 million of its shares or 4.84% of its shareholdings crossed off-market today.
 
According to Bloomberg, the shares were moved in four blocks — two blocks of 0.5 million shares, one block of 1.5 million shares and another block of 2.5 million shares — at RM1.06 apiece or a total of RM5.3 million. It is not immediately known however, who the parties in the transactions were.

Focus Lumber’s three largest shareholders are Taiwanese nationals Cheng Lu Kuan (8.92%), Chen Chun Hsiung (8.28%) and Lu Chin Ting (7.34%).

The company’s shares, which were trading at 93.9 sen a year ago, closed at RM1.16 today, with a market capitalisation of RM119.7million.

(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.)