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UMA Oriented Media slapped with UMA query
by Cals Thu 19 Nov 2015, 17:16
- UMA
[size=28]Oriented Media slapped with UMA query
By Supriya Surendran / theedgemarkets.com | November 19, 2015 : 12:31 PM MYTKUALA LUMPUR(Nov 19): ACE-market listed Oriented Media Group Bhd ([You must be registered and logged in to see this image.] Valuation: 0.00, Fundamental: 2.25) has been issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd ( Valuation: 1.70, Fundamental: 2.30) today, due to the rise in price and volume of the information technology products and services provider's shares recently
Oriented Media has been on an upward trend since its charted a price of 19 sen on Oct 15. In slightly more than a month, its share price has almost tripled to a high of 54.5 sen this morning.
The company had said on Monday (Nov 16) that it will work on its growing its e-commerce business in China through its subsidiary Fujian Accsoft Technology Development Co Ltd, and is optimistic about the country’s huge e-commerce market.
Oriented Media's shares erased 4.6% or 2.5 sen of its morning gains and was trading at 52 sen at 12.20 pm today, with 3.1 million shares traded and a market capitalisation of RM113.15 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.)
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