top of page
  • Writer's pictureFaron

Nominee accounts actively trade Focus Dynamics shares as share price plummets

KUALA LUMPUR (April 23): Trading volume of Focus Dynamics Group Bhd swelled this month, with daily volume soaring to 419.39 million shares on Monday (April 19) — the highest seen since November 2015. Its average daily volume stood at 157.8 million in April so far.

But what has made jaws drop is the collapse of the company's share price this month. The stock plunged from 59.5 sen at end-March to 11.5 sen on Thursday in a span of 16 trading days, wiping off RM3.02 billion worth of market capitalisation.

The company's two major shareholders, Sanston Financial Group Ltd, which holds a 26.07% stake, and Bursa-listed Fintec Global Bhd, which has a 25.42% stake, did not buy or sell shares in a big way.

However, filings with Bursa showed that several nominees have been actively trading Focus Dynamics shares since February, when the counter was trading above 60 sen.

The nominees include Citigroup Nominees (Asing) Sdn Bhd, holding shares for UBS AG (which is in turn holding the shares for Maybank Kim Eng Singapore Pte Ltd, according to Focus Dynamics' 2019 annual report) and two HSBC Nominees (Asing) Sdn Bhd accounts — one holding shares for Credit Suisse AG, Dublin Branch, and the other for Credit Suisse (Hong Kong) Ltd (Credit Suisse HK).

The Citigroup nominee account has been the most active among the nominees playing Focus Dynamics shares. The number of shares it traded in a single day hit as high as 239 million in the period between Feb 12 and April 7.

In February, it made four transactions, starting with a 120.12 million block acquisition on Feb 12. On that day, Focus Dynamics closed at 63 sen per share.

Subsequently, it disposed of 34.32 million and 69.45 million shares, respectively, on Feb 16 and 17 — when its shares were trading around the 65 sen level. Interestingly, a week later on Feb 24, the Citigroup nominee account bought back 189.79 million shares.

Its trading activities seemed to have ramped up in March, with the nominee buying and selling shares within days. For instance, the nominee account bought 121.63 million shares on March 2, and sold 118.91 million shares the following day.

Prior to the decline in Focus Dynamics' share price, which started in early April, the Citigroup nominee account disposed of 239.22 million shares on March 23, which translated into about RM147.12 million, based on the stock's closing price of 61.5 sen on that day.

Meanwhile, the HSBC Nominees account of Credit Suisse HK also actively traded shares between Feb 2 and April 14, albeit in relatively smaller numbers of shares per trade, and this account seemed to prefer making several transactions in a trading day.

For example, on Feb 8, according to bourse filings, the nominee account acquired two blocks of shares comprising 351,800 and 527,700 shares, while it also sold 249,900 shares on the same day. On the following day, it acquired 139,000 shares and continued to make similar-sized transactions up until April 2.

As the share price of Focus Dynamics began to plunge in early April, however, the nominee disposed of a total of 16.95 million shares on April 5, and another 50.63 million shares the next day. The counter was trading around 47 sen and 48 sen during these two days.

It went on to sell more shares later, disposing of a total of 111.22 million shares between April 7 and April 16.

On the other hand, the HSBC Nominees account of Credit Suisse AG, Dublin Branch, was acquiring shares between Feb 9 and March 31, with a total of 18.51 million shares bought. However, it eventually disposed of 6.25 million shares on April 5, as Focus Dynamics' share price declined.

Focus Dynamics' share price started the year at above 60 sen, closing at 64.5 sen on Jan 4. It then stayed within the 60 sen to 70 sen range until end-March.

In April, however, the counter began its descent. From 59.5 sen on March 31, the stock has since fallen 81% to close at 11.5 sen on Thursday — unchanged from the day before — which gives it a market capitalisation of RM726.15 million.

view orginal article

0 views0 comments

Recent Posts

See All


跟着政府买股票就包赚吗? 我当年(2012)一进货就买马银行,大众银行的时候,是这样想的。 大蓝筹有赚头 但是10多年后的今天,看回去,也就只有马银行,联昌国际,大众银行等大蓝筹有赚到点,剩下的很多,我买过的,没买过的,都亏惨。股民当韭菜,政府当韭王。 亏的比较有代表性的,我第一个想起的是马航,当年财政部7、8块买,很多阿北也跟着买,结果都变成了韭菜。这是典型经营不善的漏水屋,然后2014再来MH


1)电脑纸 电脑纸(CFM,8044,主板工业产品服务组)股价去年11月中旬开始攀涨,从1令吉14仙一度飙升至2令吉92仙,涨幅超过150%,但今年2月24日开始突然狂泻不止,跌回1令吉50仙水平线下,劲挫约48%。 较后,该股更开启了长达10个交易日的跌风,股价两周遭“砍半”,同时还跌停板,不寻常波动遭交易所发出UMA,惟电脑纸回应不知情。 随着股价跌风四起,去年8月受委独立兼非执行副主席拿督斯

蔡兆源 | 钱藏在税务天堂就没事吗?

国内政治风云再起,《巴拿马泄密事件》再次成为焦点。全球不少政商名流的名字都出现在巴拿马—间著名的信托秘书服务公司的客户名单中,震撼全球。之前,此泄密事件甚至导致某国的总理下台。某些富豪在“税务天堂”成立岸外信托(Trust)或基金会(Foundation)来规划其遗产与企业传承,以加强其保密度。但也有些纳税人,为了避税(Tax Avoidance)或是逃税(Tax Evasion),将钱藏在“税务


bottom of page