UMA Ge-Shen gets UMA query after share price hits historic high

by **Cals** Mon 16 Nov 2015, 21:24

UMA

[size=28]Ge-Shen gets UMA query after share price hits historic high

By Yimie Yong / theedgemarkets.com | November 16, 2015 : 1:00 PM MYT

KUALA LUMPUR (Nov 16): Ge-Shen Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.10) has been issued an unusual market activity (UMA) query by Bursa Malaysia, after its share price touched a historic high today.

Ge-Shen shot up 18 sen or 7% to as high as RM2.13 earlier today, before paring some gains and settling at RM2 as at 12.30 pm.

Its share price, which begun climbing significantly since mid-July (it was trading at 75 sen on July 1), has risen more than 58% since the beginning of November, when it was trading at RM1.26.

In the regulatory's UMA query — which also advised investors to take note of the company's reply — Ge-Shen was requested to disclose any corporate development, rumour or report concerning the business and affairs of the group, or any other possible reason that could account for its share price rally.

Ge-Shen is involved in the manufacturing of high precision plastic components use in the manufacturing of computer peripherals, information and technology products, electronics and electrical related products and automotive product.

(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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