UMA iDimension slapped with UMA query

by **Cals** Mon 02 Nov 2015, 19:02

UMA

[size=28]iDimension slapped with UMA query

By Supriya Surendran / theedgemarkets.com | November 2, 2015 : 12:17 PM MYT

KUALA LUMPUR (Nov 2): ACE-market listed iDimension Consolidated Bhd ([You must be registered and logged in to see this image.] Valuation: 0.30, Fundamental: 1.85) has been issued an unusual market activity (UMA) query by Bursa Malaysia, on the sudden rise in volume of the company’s shares today.

iDimension, an electronic-manufacturing solutions provider, was the most actively traded counter on Bursa Malaysia this morning, with 94.06 million shares changing hands.

Its share price rose as much as 8.7% to 12.5 sen this morning. Year to date, iDimension shares have appreciated by 27.78%.

For its second quarter ended June 30, 2015 (2QFY15) the group reported an improved net loss position of RM3,000, from a net loss of RM2.17 million a year ago, due to an increase in revenue as well as foreign exchange gains.

Revenue had almost tripled to RM15.82 million in 2QFY15, from RM5.42 million a year ago thanks to higher demand from its online games segment.

At 12.08 p.m, iDimension shares were trading at 11.5 sen this morning with 94.12 million shares traded and a market capitalisation of RM59.39 million.

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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