SEG International: Emergence of new Substantial Shareholder? Outperform
News Update
- News emerged over the weekend that Navis Capital, a private equity firm, has bought a 37.5% stake in SEGi, and is planning to buy more this week. This could possibly trigger a general offer for SEGi's remaining shares.
- No changes to forecasts and Outperform call. Fair value maintained at RM2.00, pending the company's announcement.
Source: RHB Research - 2 April 2012