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UMA Bursa queries HB Global after share price spike
by Cals Wed 08 Jul 2015, 01:30
UMA
Bursa queries HB Global after share price spike
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By Samantha Ho / theedgemarkets.com | July 7, 2015 : 1:45 PM MYT
KUALA LUMPUR (July 7): Frozen-food specialist [size=14]HB Global Ltd has received an unusual market activity (UMA) query from Bursa Malaysia, after its share price spiked in recent days.
At 12:30pm today, HB Global's (valuation: 0.9, fundamental: 1.25) shares spiked 3.5 sen or 37% to 13 sen, with some four million shares traded. The stock had jumped 136% this year, significantly outperforming the FBM KLCI's 3% decline.
Last week, HB Global shares rose from 4.5 sen on Monday, to close at six sen on Friday.
Today, Bursa Malaysia told HB Global: "We draw your attention to the recent sharp rise in price of your company’s shares."
Practice Note 17 entity HB Global had not responded to Bursa Malaysia's UMA query, at the time of writing.
HB Global's financials have weakened. In the first quarter ended March 31, 2015, the company's net loss widened to RM11.66 million, from a net loss of RM1.08 million a year earlier.
Revenue fell to RM22.03 million, from RM34.24 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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Bursa queries HB Global after share price spike
[You must be registered and logged in to see this image.]
By Samantha Ho / theedgemarkets.com | July 7, 2015 : 1:45 PM MYT
KUALA LUMPUR (July 7): Frozen-food specialist [size=14]HB Global Ltd has received an unusual market activity (UMA) query from Bursa Malaysia, after its share price spiked in recent days.
At 12:30pm today, HB Global's (valuation: 0.9, fundamental: 1.25) shares spiked 3.5 sen or 37% to 13 sen, with some four million shares traded. The stock had jumped 136% this year, significantly outperforming the FBM KLCI's 3% decline.
Last week, HB Global shares rose from 4.5 sen on Monday, to close at six sen on Friday.
Today, Bursa Malaysia told HB Global: "We draw your attention to the recent sharp rise in price of your company’s shares."
Practice Note 17 entity HB Global had not responded to Bursa Malaysia's UMA query, at the time of writing.
HB Global's financials have weakened. In the first quarter ended March 31, 2015, the company's net loss widened to RM11.66 million, from a net loss of RM1.08 million a year earlier.
Revenue fell to RM22.03 million, from RM34.24 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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