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Bursa slaps Ingenuity Consolidated with UMA query
by Cals Tue 15 Sep 2015, 18:49
Bursa slaps Ingenuity Consolidated with UMA query
By Danial Idraki / theedgemarkets.com | September 15, 2015 : 3:54 PM MYTKUALA LUMPUR (Sept 15): [size=16]Bursa ([You must be registered and logged in to see this image.] Valuation: 2.10, Fundamental: 2.30) Malaysia has slapped an unusual market activity (UMA) query on Ingenuity Consolidated Bhd ( Valuation: 0.90, Fundamental: 0.95) on the recent sharp rise in volume of its shares.
It was the most heavily traded stock on Bursa today. As at 3:32pm, the stock saw 137.5 million shares changing hands.
The ACE Market-listed company’s share price rose as much as 15.38% to hit an intra-day high of 7.5 sen, before paring earlier gains to trade unchanged at 6.5 sen.
Year-to-date, its share price has gained 36.36%, peaking at 9.5 sen in April.
Ingenuity reported a bigger net loss of RM2.8 million for the first financial quarter ended June 30, 2015 (1QFY16), compared with a net loss of RM2.44 million a year ago. Revenue almost halved to RM49 million in 1QFY16, from RM93.58 million in 1QFY15.
(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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