Friday 29 Mar 2024
By
main news image

KUALA LUMPUR (Dec 2): Lembaga Tabung Haji has bought 3.2 million shares or a 2.41% stake in pharmaceutical manufacturer Y.S.P. Southeast Asia Holding Bhd, according to the filing with Bursa Malaysia this evening.

The latest share purchase bumps up the pilgrim fund’s shareholdings to 13.3 million shares or a 10% stake in Y.S.P.
 
Tabung Haji first emerged as substantial shareholders in Y.S.P. in January this year, after it acquired 8.25 million shares.

Last week, Y.S.P. announced its net profit for the nine months ended Sept 30, 2014 (9MFY14) dropped 22% to RM9.47 million or 7.12 sen per share, from RM12.12 million or 9.11 sen per share a year ago, on higher operating expenses.

Revenue however, was 4% higher to RM147.37 million, from RM142.04 million, thanks to higher sales.

Y.S.P share price has climbed steadily to an all-time high of RM1.74 in August, from RM1.23 in early January. The stock closed at RM1.38 today, giving it a market capitalisation of RM183.6 million.

Y.S.P. manufactures over-the-counter (OTC) pharmaceutical, and veterinary and aquatic products.

It has regional offices, as well as strategic alliances in Singapore, Vietnam, Philippine, Myanmar, Cambodia, Thailand, Indonesia, Brunei, Laos, as well as Sri Lanka, Africa and countries in the Middle East.

      Print
      Text Size
      Share