Latest news with #MalaysianPacificIndustries
The Star
26-05-2025
- Business
- The Star
FBM KLCI edges lower amid mixed regional markets
KUALA LUMPUR: Bursa Malaysia ended marginally lower on Monday, with the benchmark index falling slightly amid mixed performance across regional markets. The FBM KLCI declined by 1.08 points, or 0.07%, to close at 1,534.30, rebounding from an intraday low of 1,528.93 after earlier reaching a high of 1,537.27. Gainers trailed losers by 338 to 595, while 478 counters traded unchanged. Volume was 3.12 billion shares valued at RM1.63bil. Dealers noted that market conditions are expected to remain largely subdued, as confidence remains fragile following the recent selloff. With renewed concerns over tariffs emerging, investors are likely to maintain a cautious stance, opting to stay on the sidelines for now. Among the losers, Malaysian Pacific Industries slid 50 sen to RM17.92, Nestle fell 50 sen to RM79.60, Formosa Prosonic Industries lost 25 sen to RM1.89 and Ayer declined 24 sen to RM7.72. Allianz rose 22 sen to RM19.02, PETRONAS Gas added 22 sen to RM18.22, Hong Leong Bank gained 16 sen to RM19.94 and Malayan Cement climbed 13 sen to RM5.08. Meanwhile, Reuters reported that the ringgit and Taiwan's dollar gained the most among emerging Asian currencies on Monday. The local unit appreciated by 0.41% to 4.2140 against the US dollar and by 0.03% to 3.2821 versus the Singapore dollar. Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.15%. Asian markets ended mixed, with gains in Japan and South Korea offset by declines in Hong Kong and mainland China. Japan's Nikkei 225 rose 1%, and South Korea's Kospi closed up 2.02%, while Hong Kong's Hang Seng declined 1.35%. China's CSI 300 Index fell 0.57%, and the Shanghai Composite Index edged down 0.05%
Yahoo
26-05-2025
- Business
- Yahoo
Malaysian Pacific Industries Berhad's (KLSE:MPI) market cap dropped RM570m last week; individual investors who hold 58% were hit as were institutions
The considerable ownership by private companies in Malaysian Pacific Industries Berhad indicates that they collectively have a greater say in management and business strategy 58% of the company is held by a single shareholder (Hong Leong Company (Malaysia) Berhad (Hlcm)) Institutions own 29% of Malaysian Pacific Industries Berhad We check all companies for important risks. See what we found for Malaysian Pacific Industries Berhad in our free report. If you want to know who really controls Malaysian Pacific Industries Berhad (KLSE:MPI), then you'll have to look at the makeup of its share registry. We can see that private companies own the lion's share in the company with 58% ownership. Put another way, the group faces the maximum upside potential (or downside risk). While institutions who own 29% came under pressure after market cap dropped to RM3.7b last week,private companies took the most losses. Let's take a closer look to see what the different types of shareholders can tell us about Malaysian Pacific Industries Berhad. Check out our latest analysis for Malaysian Pacific Industries Berhad Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing. We can see that Malaysian Pacific Industries Berhad does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Malaysian Pacific Industries Berhad, (below). Of course, keep in mind that there are other factors to consider, too. We note that hedge funds don't have a meaningful investment in Malaysian Pacific Industries Berhad. The company's largest shareholder is Hong Leong Company (Malaysia) Berhad (Hlcm), with ownership of 58%. This essentially means that they have extensive influence, if not outright control, over the future of the corporation. In comparison, the second and third largest shareholders hold about 10% and 2.9% of the stock. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Our most recent data indicates that insiders own some shares in Malaysian Pacific Industries Berhad. As individuals, the insiders collectively own RM53m worth of the RM3.7b company. Some would say this shows alignment of interests between shareholders and the board. But it might be worth checking if those insiders have been selling. The general public-- including retail investors -- own 12% stake in the company, and hence can't easily be ignored. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run. It seems that Private Companies own 58%, of the Malaysian Pacific Industries Berhad stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. While it is well worth considering the different groups that own a company, there are other factors that are even more important. I like to dive deeper into how a company has performed in the past. You can access this interactive graph of past earnings, revenue and cash flow, for free. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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The Star
23-05-2025
- Business
- The Star
FBM KLCI snaps six-day losing streak to close higher
KUALA LUMPUR: The FBM KLCI snapped a six-session losing streak on Friday, closing higher despite broadly weaker regional markets. The 30-stock index increased by 8.26 points, or 0.55%, to close at 1,535.38. However, it recorded a cumulative decline of 2.32% for the full week. There were 468 gainers, 447 losers and 506 counters traded unchanged on the Bursa Malaysia. Turnover stood at 2.72 billion shares valued at RM2.2bil. Malaysian Pacific Industries rose 42 sen to RM18.42, PETRONAS Gas gained 32 sen to RM18, Sunway Construction added 26 sen to RM5.41 and Kuala Lumpur Kepong climbed 22 sen to RM19.84. Among the day's biggest decliners were Dutch Lady , down 80 sen to RM29.30, Heineken, 36 sen lower at RM27.94, YTL Power, down 21 sen to RM3.39, and LPI Capital, 20 sen lower at RM14.80. Main Market newcomer Eco-Shop Marketing, the most actively traded counter on Bursa Malaysia, closed up 6.19% or seven sen at RM1.20, with 209.16 million shares changing hands. Meanwhile, stock market data showed that foreign funds offloaded RM208 mil worth of equities on Thursday. Local institutions and retailers were net buyers at RM133 mil and RM75 mil, respectively. On the forex market, the ringgit rose 0.86% against the US dollar to 4.2367. It also gained 0.46% against the euro to 4.8043, climbed 0.22% against the pound sterling to 5.7145, and strengthened 0.48% against the Singapore dollar to 3.2927. Among the key regional markets: Japan's Nikkei 225 closed up 0.47% to 37,160.47; Hong Kong's Hang Seng Index rose 0.12% to 23,573.45; China's CSI 300 Index fell 0.81% to 3,882.27; Taiwan's Taiex declined 0.09% to 21,652.24; South Korea's Kospi closed down 0.06% to 2,592.09 and; Singapore's Straits Times Index fell 0.06% to 3,882.42 points.
The Star
22-05-2025
- Business
- The Star
FBM KLCI sinks to intraday low as banks drag
KUALA LUMPUR: The FBM KLCI ended at its intraday low on Thursday, dragged down by selling in banking stocks amid weak regional markets. The FBM KLCI fell 17.78 points, or 1.15%, to 1,527.02, marking its sixth straight session of losses. The index had earlier touched an intraday high of 1,541.46. The broader market sagged, with decliners outnumbering gainers 660 to 298, as 2.78 billion shares worth RM2.15 billion changed hands. F&N, the top loser on Bursa Malaysia, fell 24 sen to RM27.24. Malaysian Pacific Industries lost 20 to RM18, MSM slid 19 sen to RM1.20, and KLCC declined 19 sen to RM8.70. Top gainers include Heineken, which rose 50 sen to RM28.30, Dutch Lady gained 44 sen to RM30.10, Nestle added 34 sen to RM80, and United Plantations climbed 22 sen to RM22.88. Among the banks, Maybank fell 18 sen to RM9.82, CIMB lost 15 sen to RM6.85, Public Bank declined 13 sen to RM4.30, Hong Leong Bank slid 22 sen to RM19.78, while RHB ended flat at RM6.71. On the forex market, the ringgit strengthened by 0.26% against the US dollar to 4.2600, and appreciated by 0.25% against the Singapore dollar to 3.3009. Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.93%. Japan's Nikkei 225 ended down 0.84% at 36,985.87, while South Korea's Kospi finished 1.22% lower at 2,593.67. Hong Kong's Hang Seng index closed down 1.19% at 23,544.31. China's blue-chip CSI 300 index ended down 0.06% at 3,913.86, while the Shanghai Composite Index lost 0.22% to 3,380.19.
The Star
21-05-2025
- Business
- The Star
FBM KLCI extends losses for fifth straight session
KUALA LUMPUR: Despite opening higher at the start of the trading day, the FBM KLCI succumbed to selling pressure and extended its downtrend for the fifth consecutive session. The 30-stock index slipped 4.07 points, or 0.26%, to 1,544.80 after moving between an intraday high of 1,553.84 and a low of 1,542.47. In the broader market, decliners outpaced advancers, with 649 stocks ending lower while 342 closed higher. This gave a market breadth of 0.53, signalling that the bears maintained the upper hand. A total of 3.27 billion shares were traded, with a value of RM2.16bil. Stock market data showed that foreign investors were net sellers on Tuesday, offloading RM81mil. In contrast, local institutions and retailers were net buyers, picking up RM47mil and RM33mil, respectively. Malaysian Pacific Industries , the top loser on Bursa Malaysia, slid RM1.94 to RM18.20. Nestle fell 60 sen to RM79.66, PETRONAS Chemicals lost 30 sen to RM3.42, and Heineken gave up 26 sen to RM27.80. Among the gainers, F&N surged RM1.20 to RM27.48, United Plantations jumped 64 sen to RM22.66, Sunway Construction rose 27 sen to RM5.15, and Dutch Lady gained 16 sen to RM29.66. Among the banks, Maybank slipped four sen to RM10.00, Public Bank fell nine sen to RM4.34, and CIMB eased four sen to RM7.00. Meanwhile, Hong Leong Bank rose 10 sen to RM20.00, while RHB Bank ended flat at RM6.71. Meanwhile, the ringgit strengthened 0.7% against the US dollar to 4.2680, and gained 0.3% against the Singapore dollar to 3.3075. On the external front, MSCI's Asia ex-Japan stock index was 0.82% higher. Japan's Nikkei 225 fell 0.61%, South Korea's Kospi closed up 0.91%, Hong Kong's Hang Seng added 0.62%, and China's CSI 300 Index gained 0.47%.
