IOI Corp, MYL1961OO001

IOI Corp stock gained 1.52 percent as EPF stake reached 18.619 percent

Published on 10/07/2026 at 00:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EPF lifted its IOI Corp stake to 18.619 percent after a net purchase of 4.3 million shares. FY2026 net profit reached MYR 1.68 billion.

IOI Corp, MYL1961OO001, Illustration mit AI erstellt.

IOI Corp stock (ISIN MYL1961OO001) gained 1.52 percent to MYR 4.67 on Bursa Malaysia on October 6, 2026, after the Employees Provident Fund increased its holding to 18.619 percent. The stake-building gives the plantation and resource-based manufacturing group a fresh ownership signal ahead of its next earnings checkpoint.

EPF stake reaches 18.619 percent

According to Business Today on October 2, 2026, EPF acquired 6.3 million IOI shares and disposed of 2 million shares through separate nominee accounts on September 29. The net purchase of 4.3 million shares lifted EPF's direct interest to 1.17 billion shares, based on 6.29 billion voting shares.

The ownership percentage matters because it places a large institutional holder at nearly one-fifth of IOI Corp's voting base. The transaction was disclosed after the September 29 dealing date and provides a concrete counterweight to the stock's daily volatility.

FY2026 profit rose to MYR 1.68 billion

BernamaBiz reported on August 28, 2026, that IOI Corp's net profit for the fiscal year ended June 30, 2026, rose to MYR 1.68 billion from MYR 1.52 billion a year earlier. The increase equals 10.5 percent and was supported by the resource-based manufacturing and plantation segments.

The earnings profile is also visible in the latest quarterly figures published by Investing.com, which lists revenue of MYR 3.0417 billion, net income of MYR 500.8 million and basic earnings per share of MYR 0.08 for the latest quarter. Those figures put the full-year profit improvement alongside a quarterly earnings base rather than leaving the ownership news to carry the entire investment case.

Analysts set MYR 5.16 target

The analyst consensus on Investing.com is Buy, based on 17 analysts, with 11 Buy ratings, 6 Holds and no Sell ratings. The average 12-month price target is MYR 5.16, with a high of MYR 6.30 and a low of MYR 4.33.

At MYR 4.67, the average target lies 10.5 percent above the October 6 price. Separately, KLSE Screener reported that Hong Leong Investment Bank maintained a Buy rating on IOI Corp with a MYR 5.10 target, while warning that dry conditions could affect plantation yields with a lag.

IOI Corp stock remains below its yearly high

IOI Corp stock was last at MYR 4.67 on Bursa Malaysia on October 6, 2026, at 4:54 p.m. MYT, with volume of 4,639,000 shares. The MYR 29.4 billion market capitalization and 52-week range of MYR 3.80 to MYR 5.00 place the price 6.6 percent below the yearly high.