KUALA LUMPUR (Dec 24): NTPM Holdings Bhd managing director and controlling shareholder Lee See Jin has disposed 9.74 million, or 0.87% equity interest, on the open market.

After the share sales, which was made in three consecutive days before Christmas, Lee’s shareholding in the company has trimmed to 28.81%,. 

In a filing with Bursa Malaysia today, NTPM Holdings said that the transactions made between Dec 22 and Dec 24 for a total of RM6.1 million. 

According to its annual report 2014, Lee controlled 29.61% or 332.58 million shares in NTPM Holdings Bhd as at July 16 this year. 

Notably, its non-independent non-executive chairman Datuk Teoh Boon Beng owns 18.04% stake in the company while executive director Lee Chong Choon has 11.76% equity interest, according to its annual report 2014.
 
NTPM’s net profit for its six months ended Oct 31 plunged 42% to RM16.2 million from RM28 million a year ago. Revenue increased 1.86% to RM270.34 million from RM265.4 million in 2013.

The increase in revenue was mainly due to the increase in sales of baby diapers while the decrease in profit was due to the increase in cost of raw material, labour and utility mainly electricity and natural gas, it said in its result announcement dated Dec 19 this year. 

NTPM share price  has declined 31.5% to 60.5 sen today from a high of 88.3 sen on June 6 this year. NTPM Holdings’ market capitalisation was at RM679.52 million.

According to theedgemarkets.com, NTPM Holdings’ valuation score is at 0.9 out of 3, with 3 suggesting a company gives higher than market average returns and is trading at a lower than average valuation.

NTPM Holdings’ fundamental score is at 1.10 on a scale of 0-3, with 3 suggesting that it is profitable and has strong balance sheet.

The volatility of the stock is rated at 1 on a scale of 1 to 5, 1 being the least volatile.