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UMA Y&G says it is unaware of reason behind share price spike
by Cals Mon 01 Jun 2015, 22:51
UMA
Y&G says it is unaware of reason behind share price spike
KUALA LUMPUR (June 1): Y&G Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) said it is unaware of the reason behind the recent spike in its share price, in a reply to the exchange’s unusual market activity (UMA) query issued earlier today.
In its filing, Y&G (fundamental: 2.7; valuation: 2.6) said it is unaware of any corporate developments, rumour, report or any other possible explanation for the rise in its share price.
Y&G (fundamental: 2.7; valuation: 2.6) saw its share price spike 32 sen or 29.6% to close at RM1.40 today, with 126,600 shares traded. Its market capitalisation was RM215.34 million.
On May 28, the company had released its results for the first quarter ended March 31, 2015, which saw its net profit rise five-fold to RM13.75 million, from RM2.73 million a year ago, on the back of higher revenue of RM91.11 million, which is almost four times the RM23.01 million it had recorded in the previous year.
Y&G had also declared a five sen interim single-tier dividend, payable on June 24 this year.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Y&G says it is unaware of reason behind share price spike
KUALA LUMPUR (June 1): Y&G Corp Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) said it is unaware of the reason behind the recent spike in its share price, in a reply to the exchange’s unusual market activity (UMA) query issued earlier today.
In its filing, Y&G (fundamental: 2.7; valuation: 2.6) said it is unaware of any corporate developments, rumour, report or any other possible explanation for the rise in its share price.
Y&G (fundamental: 2.7; valuation: 2.6) saw its share price spike 32 sen or 29.6% to close at RM1.40 today, with 126,600 shares traded. Its market capitalisation was RM215.34 million.
On May 28, the company had released its results for the first quarter ended March 31, 2015, which saw its net profit rise five-fold to RM13.75 million, from RM2.73 million a year ago, on the back of higher revenue of RM91.11 million, which is almost four times the RM23.01 million it had recorded in the previous year.
Y&G had also declared a five sen interim single-tier dividend, payable on June 24 this year.
(Note: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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