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Hot Stock Datasonic rises 12% on 'multi-million ringgit' contract rumour
by Cals Thu 23 Jul 2015, 17:42
Hot Stock
Datasonic rises 12% on 'multi-million ringgit' contract rumour
KUALA LUMPUR (July 23): Datasonic Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 15 sen on speculation the electronic-identification specialist had received a “multi-million ringgit” contract.
Datasonic (fundamental: 2.2; valuation 0.9), which rose to its highest so far today at RM1.40, saw the stock reduced gains to RM1.36 at 11:40am, with some 43 million shares changed hands.
It was the most-active stock on the exchange so far today, having extended gains after rising 17 sen or 16% yesterday to RM1.25.
A remisier told theedgemarkets.com that Dataosonic's contract involved a credit card related project.
Nevertheless, he cautioned against speculation on the stock, as no announcement had been made regarding the contract.
(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.)
Datasonic rises 12% on 'multi-million ringgit' contract rumour
KUALA LUMPUR (July 23): Datasonic Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) rose as much as 15 sen on speculation the electronic-identification specialist had received a “multi-million ringgit” contract.
Datasonic (fundamental: 2.2; valuation 0.9), which rose to its highest so far today at RM1.40, saw the stock reduced gains to RM1.36 at 11:40am, with some 43 million shares changed hands.
It was the most-active stock on the exchange so far today, having extended gains after rising 17 sen or 16% yesterday to RM1.25.
A remisier told theedgemarkets.com that Dataosonic's contract involved a credit card related project.
Nevertheless, he cautioned against speculation on the stock, as no announcement had been made regarding the contract.
(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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