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UMA Bursa queries Dufu on share price, volume rise
by Cals Wed 13 Jan 2016, 20:03
- UMA
[size=28]Bursa queries Dufu on share price, volume rise
By Chester Tay / theedgemarkets.com | January 13, 2016 : 1:21 PM MYTKUALA LUMPUR (Jan 13): Bursa Malaysia queried Dufu Technology Corp Bhd ([You must be registered and logged in to see this image.] Valuation: 2.40, Fundamental: 1.70) on the sharp rise in the machine component manufacturer's share price and trading volume today.
Dufu shares rose as much as 15 sen or 29% to 66 sen. At 12:30pm, the most-active counter on the exchange settled at 61.5 sen, with some 40 million shares traded.
At 61.5 sen, Dufu had a market capitalisation of RM107.9 million.
Yesterday (Jan 12), the stock saw some two million shares transacted.
Today, Bursa Malaysia said in its unusual market activity (UMA) query to Dufu: "We draw your attention to the sharp rise in price and high volume of your company’s shares today (trading activity)."
Dufu had not responded to the UMA query at the time of writing.
(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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