Cloudpoint Technology Berhad, listed on the KLSE under CLOUDPT, is a company whose key decisions are influenced by shareholders from the larger public. Private companies own the majority stake in the company, with the top 3 shareholders holding 57% and insiders owning 18%. This indicates that the company’s direction and decisions are significantly influenced by these major shareholders.
The rise in the company’s market cap by RM109m last week has benefitted private companies the most, with institutional investors holding less than 5% of shares. This suggests that while some funds have the company in their sights, many have not yet invested in it.
Hedge funds do not hold many shares in Cloudpoint Technology Berhad, with the largest shareholder being Era Jasakita Sdn Bhd owning 41% of shares. The second and third-largest shareholders, Wai Hoong Choong and Choong Cheong Yew, each hold 8.1% of shares, and are also the CEO and a member of the Board of Directors, respectively.
Insiders own a significant proportion of the company, with a RM92m stake in the RM502m business. General public ownership stands at 37%, while private companies own 41% of shares. While insider ownership can indicate alignment with shareholders, concentration of power within this group can sometimes be a concern.
In conclusion, Cloudpoint Technology Berhad’s share ownership breakdown indicates significant influence from major shareholders from private companies. Further research into the company’s performance and analyst sentiments may provide a clearer picture of its expected performance in the market.
Source
Photo credit finance.yahoo.com
