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UMA Hong Leong Industries gets UMA after sharp rise in stock price
by Cals Mon 03 Aug 2015, 21:58
UMA
Hong Leong Industries gets UMA after sharp rise in stock price
PETALING JAYA (Aug 3): Bursa Malaysia has slapped Hong Leong Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with an unusual market activity query following the recent sharp rise in the latter’s share price.
The stock, which was trading at RM4.50 on July 23, has shot up to as high as 67 sen earlier today before paring some gains and settled at RM5.81 as at 4.23pm, up 29.11% since July 23.
The stock was the top gainer across the bourse at the time of writing, with some 1.57 million shares done. Year-to-date, it has gained some 33.99%.
In a filing today, the regulator asked Hong Leong Industries to divulge if there is any corporate development, rumour, report or possible explanation that may account for the sharp rise in its share price.
The current price gives Hong Leong Industries (fundamental: 1.7; valuation: 1.8), which is primarily in the manufacturing and distribution of ceramic tiles, assembly of motorcycles and spare parts, and marketing of semiconductor devices and electronic components, a market capitalisation of RM1.687 billion.
(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.)
Hong Leong Industries gets UMA after sharp rise in stock price
PETALING JAYA (Aug 3): Bursa Malaysia has slapped Hong Leong Industries Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) with an unusual market activity query following the recent sharp rise in the latter’s share price.
The stock, which was trading at RM4.50 on July 23, has shot up to as high as 67 sen earlier today before paring some gains and settled at RM5.81 as at 4.23pm, up 29.11% since July 23.
The stock was the top gainer across the bourse at the time of writing, with some 1.57 million shares done. Year-to-date, it has gained some 33.99%.
In a filing today, the regulator asked Hong Leong Industries to divulge if there is any corporate development, rumour, report or possible explanation that may account for the sharp rise in its share price.
The current price gives Hong Leong Industries (fundamental: 1.7; valuation: 1.8), which is primarily in the manufacturing and distribution of ceramic tiles, assembly of motorcycles and spare parts, and marketing of semiconductor devices and electronic components, a market capitalisation of RM1.687 billion.
(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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