Tuesday, October 4, 2011

SEG International COO buys 3.17m shares

KUALA LUMPUR: SEG INTERNATIONAL BHD []'s chief operating officer Hew Moi Lan acquired 3.17 million shares of the education-based group from Sept 29 to Oct 3.

A filing showed Hew, who is also an executive director, raised her shareholding in SEGi to 6.668 million shares or 1.28%. SEGi's share price closed at RM1.70 on those three days.

Prior to the recent acquisitions, her shareholding was 3.498 million shares or 0.67%.

Hew was appointed as the group chief operating officer on Feb 27, 2009. Prior to that, she was the vice president of operations and the principal of SEGi College Kuala Lumpur, one of the core subsidiary companies of the SEGi Group.

RHB Research Institute maintained its outlook on SEGi as an outperformer, due to its track record and resilience in riding out market uncertainties and its CAGR of 26.3%.

It had SEGi as a top pick with a fair value of RM2.15.

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