UMA YSP gets UMA query after stock hits all-time high

by **Cals** Sun 26 Jul 2015, 02:57

UMA
YSP gets UMA query after stock hits all-time high

KUALA LUMPUR (June 24): YSP Southeast Asia Holding Bhd ([You must be registered and logged in to see this image.] Financial Dashboard), whose share price hit an all-time high of RM3.49 today, has been slapped with an unusual market activity (UMA) query by Bursa Malaysia over its recent share price rally.
The stock has been on a sharp rise, leaping by 33.21% to RM3.49 earlier today, from RM2.62 less than two weeks ago on July 13.
As at 2.55pm, the stock has pared some gains after some 344,400 shares changed hands and was trading at RM3.45, up 7 sen or 2.07% from yesterday’s close. The current price gives it a market capitalisation of RM469 million.
In the UMA query, Bursa Malaysia ordered YSP Southeast Asia to reveal any corporate development, rumour or report relating to its business and affairs that may have triggered its share price rally.
YSP Southeast Asia (fundamental: 2.5; valuation: 1.4) is an investment holding company that is principally engaged in the imports, exports, manufacturing and trading of pharmaceutical and veterinary products.
In its latest first quarter financial year 2015 (1QFY15) results, YSP Southeast Asia saw its net profit increase 71.33% on-year to RM9.35 million, from RM5.45 million previously, while revenue increased 15.32% to RM59.31 million, compared with RM51.43 million in 1QFY14.
(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.)