Pos Malaysia’s Stock Surges 36%, Trading Volume Rises to Over Four-Year High
In a significant turn of events, Pos Malaysia Bhd’s (KL:POS) shares have jumped to their highest in over a month, with the company experiencing its largest trading volume in a single day since November 2020. The stock surged by as much as 36% or seven sen to 26.5 sen, before paring some gains to settle at 25.5 sen at market close.
This impressive increase represents a 30.8% or six sen jump from the previous day’s closing price, with an astonishing 25.71 million shares changing hands. The trading volume of Pos Malaysia has been its biggest in a single day since November 2020, indicating a strong interest in the company’s stock among investors.
Investors Take Note: DRB-Hicom Bhd and Retirement Fund Inc Hold Significant Stakes
DRB-Hicom Bhd (KL:DRBHCOM), a conglomerate controlled by billionaire businessman Tan Sri Syed Mokhtar Albukhary, owns a 53.5% stake in Pos Malaysia, making it the company’s largest shareholder. The Retirement Fund Inc (KWAP) is the second-largest shareholder with a 3.97% stake.
Pos Malaysia Grapples with Massive Losses and Declining Revenue
Shares of Pos Malaysia have been on a downward spiral as the national postal company struggled with massive losses stretching over six consecutive financial years. In its latest financial year, which ended in December 2024, Pos Malaysia reported a net loss of RM202.66 million, while annual revenue fell to RM1.95 billion.
This decline in revenue and significant losses have raised concerns among investors about the company’s future prospects. However, the recent surge in stock price suggests that some investors may be optimistic about Pos Malaysia’s potential for recovery.
A Turning Point for Pos Malaysia?
The sudden increase in trading volume and stock price of Pos Malaysia may indicate a turning point for the company. With DRB-Hicom Bhd and Retirement Fund Inc holding significant stakes, it is possible that these major shareholders are confident in the company’s future prospects.
However, further analysis is needed to determine whether this surge in stock price is a sign of genuine recovery or a short-term market fluctuation. Only time will tell if Pos Malaysia can sustain its momentum and regain investor confidence.
Conclusion
The recent surge in trading volume and stock price of Pos Malaysia Bhd is a significant development that has caught the attention of investors. While the company’s massive losses and declining revenue raise concerns, the optimism among some investors may be a sign of hope for Pos Malaysia’s future prospects.