Extract from TheStar:
KUALA LUMPUR: Singapore’s GKG Investment Holdings Pte Ltd has emerged as a substantial shareholder of Kinsteel Bhd with a 5.1% stake.
A filing with Bursa Malaysia showed GKG had acquired 46.36 million shares as of April 16.
Kinsteel share price hit a 52-week high of RM1.66 on Jan 8 this year while its 52-week low was 86 sen on Aug 17 last year.
The share is currently trading at RM1.34 and its price-to-earnings ratio is 8.95 times.
According to Bloomberg data, eight research houses have a buy call on the counter. Aseambankers Equity Research has a target price of RM1.45 as at April 10 while SJ Securities Research has a target price of RM2.150, also as at April 10.
Former stockbroker Goh Geok Khim, who founded GK Goh Securities, is the chairman and managing director of GK Goh Holdings Ltd.
KUALA LUMPUR: Singapore’s GKG Investment Holdings Pte Ltd has emerged as a substantial shareholder of Kinsteel Bhd with a 5.1% stake.
A filing with Bursa Malaysia showed GKG had acquired 46.36 million shares as of April 16.
Kinsteel share price hit a 52-week high of RM1.66 on Jan 8 this year while its 52-week low was 86 sen on Aug 17 last year.
The share is currently trading at RM1.34 and its price-to-earnings ratio is 8.95 times.
According to Bloomberg data, eight research houses have a buy call on the counter. Aseambankers Equity Research has a target price of RM1.45 as at April 10 while SJ Securities Research has a target price of RM2.150, also as at April 10.
Former stockbroker Goh Geok Khim, who founded GK Goh Securities, is the chairman and managing director of GK Goh Holdings Ltd.
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