Share
- The counter dropped to a two-month low of 78.5 sen, or down 15.5 sen, before paring losses.
KUALA LUMPUR (Nov 4): Shares in property development and hospitality outfit Tanco Holdings Bhd (KL:TANCO) fell over 16.4% during the morning trade session on Tuesday, prompting a halt on intraday short selling (IDSS).
The counter dropped to a two-month low of 78.5 sen, or down 15.5 sen, before paring losses. This triggered a temporary suspension in the IDSS of the stock for the rest of the day.
The regulator said in a filing that the IDSS will be reactivated at 8.30am on Wednesday.
At the market close, the stock was down nine sen or 9.57% at 85 sen, valuing the group at RM5.19 billion.
The counter saw 81.46 million shares change hands — over double its 200-day moving average of 38.4 million shares.
Tanco was among the top active and top losers on the bourse on Tuesday.
The Edge reached out to Tanco, but the company declined to comment.
The group is expected to report its financial results for the first quarter ending Sept 30, 2025 (1QFY2026) by the end of this month.
For FY2025, Tanco posted a 33.8% drop in net profit to RM7.88 million from RM11.9 million a year earlier, as revenue fell 26% to RM128.46 million from RM173.53 million.
Its largest and sole substantial shareholder is group managing director Datuk Seri Andrew Tan Jun Suan with a 52.69% stake.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
