UMA Bursa queries Heng Huat
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UMA Bursa queries Heng Huat
UMA
Bursa queries Heng Huat
By Chong Jin Hun / theedgemarkets.com | November 17, 2015 : 11:05 AM MYT
KUALA LUMPUR (Nov 17): Bursa Malaysia has issued an unusual market activity (UMA) query on Heng Huat Resources Group Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A), on the stock's recent share price gain.
Biomass producer Heng Huat shares, which closed at 61 sen on Nov 3 this year, finished at 77.5 sen yesterday (Nov 16). This represented a 16.5 sen or 27% rise.
Today, the stock rose 1.5 sen or 2% to 79 sen at 9:58am, for a market capitalisation of RM243.9 million. At 79 sen, Heng Huat shares had gained 176% this year, outperforming the FBM KLCI's 5% decline.
Bursa told Heng Huat: "We draw your attention to the sharp rise in price of your company's shares recently."
Heng Huat had not responded to Bursa's UMA query at the time of writing.
(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.)
Bursa queries Heng Huat
By Chong Jin Hun / theedgemarkets.com | November 17, 2015 : 11:05 AM MYT
KUALA LUMPUR (Nov 17): Bursa Malaysia has issued an unusual market activity (UMA) query on Heng Huat Resources Group Bhd ([You must be registered and logged in to see this image.] Valuation: N/A, Fundamental: N/A), on the stock's recent share price gain.
Biomass producer Heng Huat shares, which closed at 61 sen on Nov 3 this year, finished at 77.5 sen yesterday (Nov 16). This represented a 16.5 sen or 27% rise.
Today, the stock rose 1.5 sen or 2% to 79 sen at 9:58am, for a market capitalisation of RM243.9 million. At 79 sen, Heng Huat shares had gained 176% this year, outperforming the FBM KLCI's 5% decline.
Bursa told Heng Huat: "We draw your attention to the sharp rise in price of your company's shares recently."
Heng Huat had not responded to Bursa's UMA query at the time of writing.
(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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