UMA 1 Utopia gets UMA query on share volume rise

by **Cals** Mon 27 Jul 2015, 20:20

UMA
1 Utopia gets UMA query on share volume rise

KUALA LUMPUR (July 27): 1 Utopia Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) has been slapped with an unusual market activity (UMA) query by Bursa Securities ([You must be registered and logged in to see this image.] Financial Dashboard) today on the sharp rise in volume of its shares recently.
1 Utopia's trading volume soared to 132.6 million shares last Friday from 170,000 shares on Thursday.
The stock was the fifth most actively traded counter on Bursa Malaysia today, registering a trading volume of 47.61 million shares.
At market close, 1 Utopia's (fundamental: 0.95; valuation: 0.9) share price fell 0.5 sen or 11.11% to settle at 4 sen, bringing a market capitalisation of RM44.51 million.
Its shares have risen to current levels from a low of 3.5 sen on July 23.
1 Utopia is an information communications and technology (ICT) lifestyle retailer. It has outlets in Plaza Low Yat in Kuala Lumpur, as well as Digital Mall and Sunway Pyramid in Petaling Jaya.
For the financial quarter ended March 31, 2015, it posted a net loss of RM1.39 million on revenue of RM53.64 million. It attributed the lower net income to lower margin derived from the ICT business.
For the cumulative 16-month period, it swung into the red with a net loss of RM13.04 million, despite revenue growing by 7.77% to RM547.67 million from RM508.19 million.
There were no comparative figures for the preceding year's individual and cumulative quarters as it had changed its year end from Nov 30 to March 31.
(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.)