UMA JHM queried after shares hit 5-year high

by **Cals** Wed 15 Jul 2015, 21:13

UMA
JHM queried after shares hit 5-year high

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By Chen Shaua Fui / theedgemarkets.com | July 15, 2015 : 11:28 AM MYT

KUALA LUMPUR (July 15): [size=14]JHM Consolidation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) was slapped with an unusual market activity (UMA) query by the Bursa Malaysia Securities Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) today, on recent rise in the company's share price.

In a filing today, Bursa Malaysia said in order for investors to be able to make informed investment decisions, JHM was requested to respond on whether there is any corporate development relating to the group’s business that has not been previously announced, that may account for the trading activity.

Also, JHM (fundamental: 0.35; valuation: 0) is requested to state whether there is any rumour or report concerning the business and affairs of the Group that may account for the trading activity, after making due enquiry with its directors, major shareholders and such other relevant persons.

The company also needs to respond as to whether it is aware of any other possible explanation to account for the trading activity and whether it complies to the immediate disclosure principle.

JHM’s share price has surged from 31 sen on June 19 to its five-year high of 51.5 sen today.

As at 10.56am, JHM pared gains and traded at 50 sen, with 8.90 million shares having changed hands.

This is the second UMA received by JHM this year. The first UMA was dated May 28, which the Bursa Malaysia also queried its hike in share price.

(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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