KUALA LUMPUR (Jan 21): LBI Capital Bhd saw 3.1 million of its shares, representing a 4.24% stake in the company, traded off market today at a total value of RM3.596 million.

According to Bloomberg data, the shares were moved in one block of 3.1 million shares at RM1.16 per share.   

LBI Capital (fundamental: 1.7; valuation: 3) is mainly involved in the development of residential and commercial properties, and manufactures footwear from rubber and plastic.

The company’s substantial shareholders are Ng Tiong Seng Corporation Sdn Bhd with a 60.29% stake, and Galaksi Sejati Sdn Bhd with a 9.91% stake.

The stock was traded at a high of RM1.64 on Jan 22 last year, and reached a low of RM1.12 on Dec 16 last year.

At market close today, the stock rose 1.56% or 2 sen to RM1.30, with a market capitalisation of RM93.67 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)