Key Takeaways
- • Employees Provident Fund (EPF) raised its direct stake in Pavilion REIT to 495.6 million units, or 12.61%, after buying 7.32 million units on Sept 24 and 2.28 million units on Sept 25, while Kumpulan Wang Persaraan (KWAP) fell below the 5% substantial unitholder threshold.
- • GIC's Greenwood Capital Partners sold over 575 million Sunway Healthcare shares, just under a 5% stake, for more than RM1 billion (RM2.08 apiece) on Sept 22, a 9% discount to the prior close, with EPF apparently among buyers.
- • Ong Mua Khee became a substantial shareholder of Talam Transform with 9.09% after a private placement at seven sen per share, totaling RM8.27 million, priced at a 6.79% discount to the five-day VWAP.
- • Maybank shares closed at RM9.95 (valuing the bank at RM120.35 billion), down 5.06% year to date and 14.8% below their 52-week high; PNB and KWAP were buyers while EPF and ASB sold.
- • Institutional pension and sovereign-linked holders dominated the week's Bursa Malaysia filings, reflecting rebalancing across REIT, healthcare and banking holdings.
Summary
The Edge Malaysia's weekly insider filings review, covering Sept 21 to 25, highlights shifts in holdings by major institutional investors on Bursa Malaysia. At Pavilion Real Estate Investment Trust (KL:PAVREIT), pension fund KWAP sold 7.04 million units on the open market on Sept 24, reducing its direct holding to 140.94 million units, or 3.59%. KWAP is also deemed interested in 50.1 million units, a 1.27% stake, and has ceased to be a substantial unitholder. The filings show KWAP had bought units on June 8 to reach 5.66%, and had since disposed of about 31.1 million units over roughly 16 weeks.
The Employees Provident Fund (EPF) appears to have absorbed much of this supply. An EPF portfolio manager bought 7.32 million Pavilion REIT units, lifting its direct holding to 493.4 million units, or 12.5%, and then acquired a further 2.28 million units on Sept 25, bringing the total to 495.6 million units, or 12.61%.
In Sunway Healthcare Holdings (KL:SUNMED), Bloomberg reported, citing a term sheet, that GIC's Greenwood Capital Partners sold over 575 million shares, just under a 5% stake, for more than RM1 billion, or RM2.08 apiece, on Sept 22. The price was near the lower end of the RM2.07 to RM2.10 range marketed to investors and represented a 9% discount to the Sept 21 close. Filings show EPF bought at least 139.05 million shares on Sept 22, lifting its holding to 922.03 million shares, or 8.014%. At RM2.07, the company was valued at RM23.8 billion, 42.8% above its RM1.45 debut price on March 18 but 12.7% below its March 27 high of RM2.37.
At Talam Transform Bhd (KL:TALAMT), Ong Mua Khee emerged as a substantial shareholder with 118.19 million shares, or 9.09%, on Sept 23. He appears to have been the sole taker of a private placement at seven sen per share, totaling RM8.27 million and priced at a 0.51 sen (6.79%) discount to the five-day VWAP up to Sept 14.
In Malayan Banking (KL:MAYBANK), shares closed at RM9.95 last Thursday, valuing the bank at RM120.35 billion. The stock was down 53 sen, or 5.06%, year to date and 14.8% below its 52-week high of RM11.68 on Feb 24. EPF and Amanahraya Trustees' ASB were sellers during the week, while PNB and KWAP were buyers. PNB bought 7.5 million shares on Sept 22, raising its direct stake to 777 million shares, or 6.42%. EPF, after selling 3.89 million shares on Sept 21, bought 178,300 shares on Sept 25 to reach 12.05%. KWAP's holding rose to 5.12%.
The Employees Provident Fund (EPF) appears to have absorbed much of this supply. An EPF portfolio manager bought 7.32 million Pavilion REIT units, lifting its direct holding to 493.4 million units, or 12.5%, and then acquired a further 2.28 million units on Sept 25, bringing the total to 495.6 million units, or 12.61%.
In Sunway Healthcare Holdings (KL:SUNMED), Bloomberg reported, citing a term sheet, that GIC's Greenwood Capital Partners sold over 575 million shares, just under a 5% stake, for more than RM1 billion, or RM2.08 apiece, on Sept 22. The price was near the lower end of the RM2.07 to RM2.10 range marketed to investors and represented a 9% discount to the Sept 21 close. Filings show EPF bought at least 139.05 million shares on Sept 22, lifting its holding to 922.03 million shares, or 8.014%. At RM2.07, the company was valued at RM23.8 billion, 42.8% above its RM1.45 debut price on March 18 but 12.7% below its March 27 high of RM2.37.
At Talam Transform Bhd (KL:TALAMT), Ong Mua Khee emerged as a substantial shareholder with 118.19 million shares, or 9.09%, on Sept 23. He appears to have been the sole taker of a private placement at seven sen per share, totaling RM8.27 million and priced at a 0.51 sen (6.79%) discount to the five-day VWAP up to Sept 14.
In Malayan Banking (KL:MAYBANK), shares closed at RM9.95 last Thursday, valuing the bank at RM120.35 billion. The stock was down 53 sen, or 5.06%, year to date and 14.8% below its 52-week high of RM11.68 on Feb 24. EPF and Amanahraya Trustees' ASB were sellers during the week, while PNB and KWAP were buyers. PNB bought 7.5 million shares on Sept 22, raising its direct stake to 777 million shares, or 6.42%. EPF, after selling 3.89 million shares on Sept 21, bought 178,300 shares on Sept 25 to reach 12.05%. KWAP's holding rose to 5.12%.
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