KUCHING: The Employees Provident Fund Board (EPF) has amassed more shares in Dayang Enterprise Holdings Bhd, driving its equity interest in the oil & gas company to about 97.5 million units (8.421%).
The pension fund acquired additional 1.1 million shares and 1.484 million shares on August 14 and 13 respectively, according to Dayang’s filings with Bursa Malaysia.
The EPF emerged as a substantial shareholder in Dayang when it bought 2,522,100 shares on March 13, 2025 and raised its equity interest to about 59.725 million shares (5.159%). Last month alone, it acquired about 9.72 million shares.
On a 52-week basis, Dayang share price rose to high of RM2.87 and fell to low of RM1.43. The stock finished one sen higher at RM1.80 on Tuesday.
Property developer Naim Holdings Bhd is Dayang’s single largest shareholder, with an equity interest of 280.4 million shares (24.22%).
Dayang, which is involved in offshore topside maintenance services in the oil and gas industry, charter of marine vessels and equipment rental, recorded group net profit of RM12.3 million in first quarter ended March 31, 2025 (1Q2025) on revenue of RM153.8 million. The company is expected to release its 2Q2025 quarterly results by next Friday.
Meanwhile, WTK Holdings Bhd has reported sharply lower monthly production volume of logs at 6,668 million cubic metres (cu m) in July 2025, down from 13,729 cu m in the previous month or decreased by 7,061 cu m month-on-month. In July 2024, the production volume was even higher at 26,012 cu m.
In April this year, the Sibu-based timber/plantation company announced entering into a sale and purchase agreement with Huang Qian Wen for the disposal of 100 per cent equity interest in Song Logging Company Sdn Bhd (SLCSB) for RM23.5 million.
In 1976, SLCSB was appointed by Sarawak Timber Industry Development Corporation (STIDC) as the main contractor to fell, extract and harvest all the merchantable timber from a forest area containing 114,804 hectares in Batang Rejang.
According to WTK, SLCSB had incurred after -tax loss of about RM6.49 million for the past three financial years, adding that its disposal will enable the group to optimise its profitability by shedding non-core and less profitable businesses.
The group owns timber concessions covering a total of 402,000 hectares in Sarawak.
Given the challenges faced by the timber sector, WTK said divesting from non-core timber assets allows the group to streamline its focus and allocate resources more effectively towards sectors with long-term growth prospects. The group, which had also recently halted its loss-making plywood manufacturing activities, aims to prioritise its plantation and food operations.
Last month, WTK’s fresh fruit bunches (FFBs) production volume fell to 20,366 tonnes (June 2025:21,429 tonnes) whereas crude palm oil (CPO) output declined to 4,409 tonnes (4,656 tonnes) and palm kernel volume dipped to 855 tonnes (930 tonnes).
