This article first appeared in Capital, The Edge Malaysia Weekly on July 13, 2026 - July 19, 2026
Notable filings
During the week of June 29 to July 3, notable changes in shareholding among Bursa Malaysia-listed companies included those at outsourced semiconductor assembly and test (OSAT) firm Inari Amertron Bhd (KL:INARI).
Insas Bhd’s (KL:INSAS) deemed holdings in Inari fell to 5.7%, or 218.05 million shares, after its wholly-owned Insas Technology Bhd sold 131.72 million shares on July 2. That is down 7.71%, or 290 million shares, in just over nine months, compared with the 13.41% stake, or 508.04 million shares, that Insas Bhd held as at Sept 25, 2025, according to Inari’s 2025 annual report.
On July 8, Inari Amertron ended trading at RM2.18, translating into a market capitalisation of RM8.34 billion. Since early March this year, the company’s share price has gained around 80%.
Over at hospital owner and operator KPJ Healthcare Bhd (KL:KPJ), public sector pension fund Retirement Fund Inc (KWAP) surfaced as a substantial shareholder with, with a stake of just over 5%, after acquiring 1.5 million shares on June 29. A separate filing showed KWAP had disposed of 569,000 shares that day, leaving it with 222.1 million shares, or a 5.02% stake.
Meanwhile, the Employees Provident Fund (EPF) acquired 751,000 KPJ shares during the week in review, nudging its stake up to 899.13 million shares, or 20.31%, on June 25. On July 8, KPJ closed at RM3.18, giving it a market capitalisation of RM14.08 billion. The stock has retreated almost 10% from a multi-year closing high of RM3.52 on April 2.
Elsewhere, Datin Nurhaida Abu Sahid ceased to be a substantial shareholder in renewable energy player Jentayu Sustainables Bhd (KL:JSB) after selling 49.1 million shares, or 9.02% equity interest. Nurhaida is the wife of managing director Datuk Beroz Nikmal Mirdin, who held a 7.88% stake after the sale of the 9.02% stake.
Nurhaida is likely to have sold the block of shares to Singapore-based PK Green Fund, which surfaced with a 9.02% stake, or 49.1 million shares, on July 1, the day Nurhaida trimmed holdings. The stock closed at 25.5 sen last Wednesday, valuing Jentayu Sustainables at RM138.8 million.
Separately, EPF ceased to be a substantial shareholder in wire and cable manufacturer Supercomnet Technologies Bhd (KL:SCOMNET) after selling 12.12 million shares on June 25, reducing its shareholding to below the 5% threshold required for disclosure.
The provident fund, which surfaced as a shareholder in end-May 2024 with a 5.04% shareholding ,or 42.07 million shares, went on to control as much as 72.55 million shares, or 8.47%, in Supercomnet in early February this year, before paring down its stake.
Meanwhile, Supercomnet’s managing director Wu Huei-Chung snapped up 250,000 shares in the company, increasing her direct and indirect stakes to 461.95 million shares, or 54.69%, on June 26.
On July 8, the stock closed at 43.5 sen, translating into a market capitalisation of RM366.7 million. Supercomnet shares are down almost 40% year to date.
Notable movements
Shares in YTL Power International Bhd (KL:YTLPOWR) have gained more than 53% since early March to close at RM4.25 on July 8, giving it a market value of RM37.06 billion. Part of those gains came after RHB Research wrote in a July 1 note that YTL Power was “exploring a potential IPO (initial public offering) of its data centre unit next year”, which the research house estimated could be worth RM28 billion, or RM3.06 per share. RHB had a RM6 target price for YTL Power, valuing it at 16 times FY2028F earnings.
EPF, which has been accumulating the stock, snapped up 7.7 million YTL Power shares during the week in review, strengthening its shareholding to 1.1 billion shares, or 12.72% equity interest, as at July 3. That is up almost 2% from the 925.12 million shares, or 10.71% stake, it held at end-February.
From end-April, shares in oil and gas stalwart, Velesto Energy Bhd (KL:VELESTO) have shed more than 17% to close on July 8 at 28.5 sen, giving it a market capitalisation of RM2.35 billion. Notably, Velesto shares hit a multi-year high of 35.5 sen on April 22.
KWAP has been mopping up Velesto shares, acquiring 7.52 million during the week in review to raise its stake to 420.4 million shares, or 5.09%, as at June 30. KWAP surfaced as a substantial shareholder on June 29 after its fund managers acquired 5.02 million shares on the open market, raising its stake to 5.06%, or 417.91 million shares.
Maybank Investment Bank Research wrote in a June 30 note that Velesto offered one of the highest dividend yields among its stock picks, with expected 2026 and 2027 yields exceeding 7%. At the time, Velesto was trading at 27 sen, below Maybank’s target price of 35 sen.
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