JHM Consolidation unaware of reason behind UMA

by **Cals** Wed 15 Jul 2015, 21:19

JHM Consolidation unaware of reason behind UMA

[You must be registered and logged in to see this image.]

By Chen Shaua Fui / theedgemarkets.com | July 15, 2015 : 6:19 PM MYT

KUALA LUMPUR (July 15): Micro-electronic components designer [size=14]JHM Consolidation Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) said it is unaware of any possible explanation to account for the unusual market activity (UMA).

In a filing with Bursa Malaysia today, JHM (fundamental: 0.35; valuation: 0) said it is not aware of any corporate development relating to the company’s and its subsidiaries’ businesses and affairs that has not been previously announced that may account for the UMA including those in the stage of negotiation or discussion.

It is also not aware of any rumour or report concerning the business and affairs of the company and its subsidiaries that may account for the UMA, as well as any possible explanation to account for the UMA.

Bursa Malaysia earlier today slapped an UMA query on JHM on the recent rise in price of its shares. The company’s share price rose to a five-year high of 53.5 sen today from 31 sen on June 19.

This is the second UMA query issued by the regulator to the company this year. It was slapped with a UMA query on May 28.

Shares in JHM closed 0.5 sen or 1.05% higher at 48 sen today, with a market capitalisation of RM58.43 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.)

[/size]