Friday 29 Mar 2024
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KUALA LUMPUR (May 13): Deutsche Asia Pacific Holdings Ptd Ltd has disposed of some 36.5 million shares, which represent a 5% stake in K&N Kenanga Holdings Bhd, a filing with Bursa Malaysia today revealed.

Deutsche disposed the block of shares off-market on May 7, thus paring its stake to 8.8% or some 64.7 million shares in Kenanga (fundamental: 1.8; valuation: 1.65).

Shares of the financial services group ended flat at 75.5 sen today, with a market capitalisation unchanged of RM552.48 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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