KUALA LUMPUR (Mar 13): Skim Amanah Saham Bumiputera has emerged as a substantial shareholder in YTL Power International Bhd with a purchase of 360.47 million shares, representing a 5.12% stake in the company.
A filing with Bursa Malaysia today showed the shares were acquired on March 9, 2015 and held in trust by AmanahRaya Trustees Bhd.
YTL Power (fundamental:1.2; valuation: 2.4) is principally engaged in power generation, water supply and wastewater services as well as telecommunications services locally and abroad.
Its largest shareholder is YTL Corporation Bhd (fundamental:1.2; valuation:1.2) which holds about 49.9% of its shareholdings.
YTL Power’s counter closed unchanged at RM1.50 today for a market capitalisation of RM10.52 billion.
(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. )