Pertama

Pertama: +5.2% at $0.61, making new 15-yr high. The stock’s 32% rise over the past month, may be partially spurred by the open market transfer of 17% interest by significant sh/h Guiness Peat Group to majority sh/h Harvey Norman on 27 May. Mkt price for that day ranged from $0.495-0.545.
Harvey Norman Group now owns 78% of the retailer and wholesaler of consumer electronic pdts, home appliances, photo eqpt and furniture. Fidelity owns 9% stake, leaving only 11% in the hands of the public..

Could this be the next privatization candidate?

Should Harvey Norman wish to privatize the co, it may not be a difficult task.
A privatization exercise could make sense to Harvey Norman, since both companies are in the same business...

Financially, Pertama has a decent operating track record, with no losses since 2000. It gives 8.2% trailing div yield, and div payout has been rising for the past 8 yrs to hit 100% last yr.
It generates cash consistently, and has cash of $0.27/ sh and no debt.
Valuations are decent, but not dirt cheap. Stock trades at 1.45x P/B, on 8.5% ROE; trailing P/E is at 14x, though on an ex-cash basis, P/E narrows to 7.8x.
Key invmt risk is the low free float and trading liquidity.