Malaysia's Employees Provident Fund Board has cut its stake in AEM Holdings for the second day, selling into the market that is finally turning bullish on the stock that is guiding for a better year ahead.
On March 2, EPF sold 6.45 million shares at an average of $2.97 each; the following day, it sold another 1.9 million shares at $3.18 each.
In total, EPF collected proceeds of just over $25.2 million and has cut its stake from 7.123% to 4.466%, or just over 14 million shares.
As its stake is now below 5%, AEM is no longer obliged to make further filings if EPF sells more.
AEM expects better FY2026 revenue of up to $510 million, an increase of FY2025's of just below $400 million, as its new key customer gears up for a bigger order.
AEM shares closed at $3.12 on March 5, up 2.3% for the day, and up 132.84% in the past year.
