KUALA LUMPUR (June 3): The Employees Provident Fund (EPF) recently raised its stake in Lingkaran Trans Kota Holdings Bhd (Litrak) after buying 293,400 shares in the highway concessionaire.

In a statement to Bursa Malaysia today, Litrak (fundamental: 0.95; valuation score: 2.1) said the EPF increased its Litrak shareholding to 34.49 million shares or 6.68% after the purchase. This compared to 6.63% as at May 22 this year.

According to Litrak, the EPF bought the 293,400 shares in four transactions between May 25 and 28. The EPF acquired 17,300 and 4,900 Litrak units on May 25 and 26 respectively.

The EPF had later bought 17,000 and 254,200 Litrak shares on May 27 and May 28 respectively. Construction firm Gamuda Bhd is the controlling shareholder in Litrak with a 44.58% stake.
 
According to Litrak's website, the firm is the concessionaire for Lebuhraya Damansara-Puchong (LDP) in the Klang Valley.

The 40-km LDP was completed in December 1998.

Litrak shares had not been traded so far today. Yesterday, the stock closed flat at RM4.17 for a market capitalisation of RM2.15 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.)