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Kumpulan Fima signals that it may be taken private

TheStar Sat, Jul 06, 2019 11:00am - 1 year ago

Could Kumpulan Fima Bhd (KFima) be a privatisation target? The company shows some signs that it falls within the group of companies that tend to get taken private by its owners.

The company does not have many followers in the market, possibly due to its lumpy earnings.

It has a huge amount of cash in its books but it is also a company which prospects seem to be unclear.

The company may have plans to grow through acquisitions, but there is little indication if the pursuit will bring about a significant boost to its bottom line.

Its share price has been on an uptrend, (the stock is 18% up on a year-to-date basis).

However, KFima’s share price has been increasingly depressed over the last five years. In July 2014, its share price was hovering at the RM2.30 level, compared with RM1.69 yesterday.


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