Kulim’s share trade suspended pending material announcement

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KUALA LUMPUR (Nov 5): Kulim (Malaysia) Bhd has suspended its trading for the day, pending a material announcement, according to the palm oil plantations company’s filing to Bursa Securities Malaysia.

The group’s share price closed at RM3.3 yesterday (Nov 4), 2 sen or 0.6% lower, compared to the previous close of RM3.32 on Tuesday, with 626,000 shares traded.

Kulim's share price gives it a market capitalisation of RM4.03 billion.

Year-to-date (YTD), Kulim’s (fundamental: 2.6; valuation: 3) share price gained 24.72%.

Johor Corp is the largest shareholder with 49.58% stake, followed by Kumpulan Wang Persaraan (KWAP) at 6.78%, and Waqaf An-Nur Corp Bhd at 5.24%.

(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.)