KUALA LUMPUR (Jan 15): Australian fund management company, Northcape Capital Pty Ltd, has emerged as a substantial shareholder of Top Glove Corp Bhd, after acquiring 30.97 million shares or a 5.01% equity interest in the glove maker.
A filing with Bursa Malaysia today, showed Northcape had acquired the shares through the open market yesterday (Jan 14).
Northcape is a privately-owned investment management company based in Australia, specialising in managing concentrated portfolios of listed equities for institutional clients.
Top Glove (Fundamental Score: 2.5; Valuation Score: 0.9) closed 1 sen or 0.21% higher at RM4.80, giving it a market capitalisation of RM2.99 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.)