Notable filings

ACCORDING to filing between Jan 16 and 20, notable shareholding changes at companies listed on Bursa Malaysia included that at DBE Gurney Resources Bhd, where Advance Capital Partners Pte Ltd resurfaced as a substantial shareholder after it converted its redeemable convertible notes pursuant to a subscription agreement dated April 27, 2015.

With the conversion, Advance Capital added 31.25 million shares or a 2.69% stake to its holding, raising it to 80.87 million shares or 6.96% equity interest in the poultry company.

DBE Gurney’s share price has been hovering between 3.5 sen and 5.5 sen in the past one year.

Over at Bioalpha Holdings Bhd, its single largest shareholder Hon Tian Kok @ William sold 14.39 million shares or a 2.51% stake. Hon is also the company’s managing director. After the sale, he is left with a 19.88% stake or 132.6 million shares.

Khazanah Nasional Bhd is the second largest shareholder in the health supplement producer, holding 107.2 million shares or a 16.08% stake. The company’s share price has been on a downward trend since March last year, falling from a high of 33 sen to 20 sen last month. The stock closed at 22 sen last Wednesday.

APFT Bhd chairman Datuk Faruk Othman sold 5.46 million shares or a 1.14% stake in the company between Jan 4 and 6, according to a Jan 17 filing.

Faruk still holds 78.3 million shares or a 16.4% stake after the disposal.

At Sycal Ventures Bhd, its managing director Datuk Seow Yong Chin bought 5.98 million shares or a 1.86% stake off market. The purchase raised his direct interest to 12.42% or 39.79 million shares and his indirect stake to 8.08% or 25.9 million shares.

Graceful Assessment Sdn Bhd has been trimming its stake in SKP Resources Bhd. It sold 10 million shares on Jan 12 and an additional 18 million shares on Jan 23, according to Jan 17 and Jan 23 filings. The shares changed hands via off-market married deals.

After the sale, Graceful Assessment is left with 87.4 million shares or a 7.39% stake.

Notable movements

Luster Industries Bhd’s shares have started the year on a firm note. The stock surged from five sen on Jan 3 to 9.5 sen on Jan 24 — the highest level since May 2015.

The company’s daily trading volume has also been rising in the past two weeks, hitting a high of 59.68 million shares on Jan 18.

Coincidentally, the company’s co-founder, Lim See Chea, who is also the executive director, sold 3.75 million shares or a 0.21% stake on Jan 19, when the stock closed at nine sen.

Lim is the third largest shareholder in the company. After the disposal, he is left with 92.69 million shares.

Harbour-Link Group Bhd’s share price has been drifting south since January last year, although its earnings have been rising steadily in the past three financial years ended June 30.

Its share price had fallen from its all-time high of RM1.36 in late November 2015 to a low of 76 sen on Dec 1, 2016.

Earnings-wise, the company’s profit attributable to shareholders grew from RM33.41 million in the financial year ended June 30, 2014 (FY2014), to RM56.19 million in FY2016.

Harbour-Link co-founder Wong Siong Geh mopped up more shares in his own capacity recently. According to a Jan 16 filing, he bought 6.84 million shares or a 1.7% stake on Jan 13, raising his direct holding to 5.56% or 22.27 million shares in the shipping firm.

Last month, the company’s managing director and co-founder, Yong Piaw Soon, bought 12.19 million shares or a 3.04% stake, raising his direct holding to 9.23%.

In addition, the co-founders control Enricharvest Sdn Bhd, which owns 212.8 million shares or a 53.15% stake in Harbour-Link.

Yong is the third largest shareholder in the shipping firm while Wong is the fourth largest shareholder.

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