Imaspro hits record high but only 2,900 shares change hands

KUALA LUMPUR (July 18): Imaspro Corp Bhd's share price shot up to an all-time high of RM4.50 on Monday, up 32 sen or 8% after 100 shares changed hands in the morning session.

The upward momentum, however, was not sustainable. The stock fell to an intraday low of RM4.09, down nine sen from last Friday's closing of RM4.18, before it ended the trading day at RM4.20, up two sen. The daily trading volume was 2,900 shares.

The public spread of this company is very narrow. The top five shareholders have collectively held more than 75% of its shareholding.

The largest shareholder is Swiss Revenue Sdn Bhd, which holds 42.43% or 33.95 million shares in Imaspro; followed by YNH Property Bhd chairman and executive director Datuk Dr Kuan Chon Yu, who holds 16.42% or 13.14 million shares; and Imaspro managing director Tong Chin Hen with 8.67% or 6.94 million shares.

Meanwhile, the other shareholders of the company having stakes lower than 5% in Imaspro are Siow Chin How, at a 4.97% stake or 3.98 million shares, and Tong Siew Ling, who owns a 4.31% stake or 3.45 million shares in Imaspro.

In terms of financial performance, for the cumulative nine months ended March 31, 2022, Imaspro's net profit nearly tripled to RM12.86 million from RM4.43 million a year ago, on the back of 38.5% growth in revenue to RM60.53 million from RM43.7 million on a year-on-year basis.