UMA YSP says no knowledge of reason behind recent share price rally

by **Cals** Sun 26 Jul 2015, 03:03

UMA
YSP says no knowledge of reason behind recent share price rally

KUALA LUMPUR (July 24): YSP Southeast Asia Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), which was slapped with an unusual market activity (UMA) query from the exchange regulator today, says it is not aware of any reason that may have contributed to the recent sharp rally in its share price.
In response to the unusual market activity (UMA) query issued by Bursa Malaysia on the company earlier today, YSP (fundamental: 2.5; valuation: 1.4) said it is not aware of any corporate development, rumour, report or explanation to account for the sharp rise in its share price.
The price of YSP Southeast Asia shares hit an all-time high of RM3.49 earlier today, up over two-fold from RM1.61 on May 14.
It later pared some gains to close at RM3.44, for a market capitalisation of RM466.39 million. In the past one year, the stock has risen 109.76% from RM1.64.
YSP (fundamental: 2.5; valuation: 1.4) is principally engaged in the import, export, and manufacturing of pharmaceutical and veterinary products.
In its latest first quarter financial year 2015 (1QFY15) results, YSP saw its net profit increase 71.33% on-year to RM9.35 million from RM5.45 million previously, while revenue increased 15.32% to RM59.31 million from RM51.43 million in 1QFY14.
(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.)