KUALA LUMPUR (Nov 27): Asia File Corp Bhd, whose share price hit an all-time high of RM5.38 on Tuesday, said it is not aware of the reasons behind the sharp rise in price of its stocks recently.

In a reply to Bursa Securities' unusual market activity query issued earlier today, the filing and stationery manufacturer said it is not aware of any corporate development in relation to its business and affairs that has not been previously announced.

"The board was not aware of any rumour or report concerning the business and affairs of the group that may account for the trading activity," it said, adding it also not aware of any other possible explanation to account for the share price spike.

Asia File's share price has been on the rise since Aug 18 this year, which saw it surged RM2.30 or 74.68% to an all-time high of RM5.38 on Tuesday.

It ended the day by declining eight sen or 1.54% at RM5.10, with 152,400 shares changing hands. Its market capitalisation stood at RM974.15 million.

Asia File reported a 32.1% increase in net profit to RM19.77 million for its first financial quarter ended June 30, 2015 (1QFY16) from RM14.96 a year ago, despite revenue coming in lower by 9.9% at RM93.97 million from RM104.32 million in 1QFY15.

The group attributed the improved earnings to improved efficiency and the favourable exchange factors as a result of the strengthening pound and euro against the local currency.

(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.)