KUALA LUMPUR (Nov 5): Ho Wah Genting Bhd, whose share price surged five sen or 62.5% to close at a three-month high of 13 sen today, was slapped with an unusual market activity (UMA) by Bursa Malaysia.

The trading volume of the company's shares jumped to 67.47 million today as compared to 1.8 million yesterday.

The sudden surged in share price has added RM21.04 million or 43.75% to its market value to RM69.13 million from RM48.09 million on Wednesday.

In an UMA query today, Bursa has requested the group to disclose any corporate development, rumour or other possible explanation that could contribute to the sudden sharp rise in price and volume of its securities.

The exchange regulator also advised investors to take note of the company's reply, which will be posted at Bursa's website under the company announcement page.

For the second financial quarter ended June 30, 2015 (2QFY15), Ho Wah Genting saw its net loss widen to RM4.95 million from RM3.32 million due to higher losses in the tin mining division, travel services and direct sales division.

The loss on disposal of shares in a subsidiary company of RM808,000 also weighed down its earnings.

Revenue decreased by nearly 15% at RM44.84 million as compared to RM52.19 million last year.

For the cumulative period (1HFY15), its net loss narrowed to RM8.45 million from RM10.08 million due to the gain on disposal of "available-for-sale" financial assets of RM1.86 million.

Revenue dropped 2.5% to RM93.87 million versus RM96.25 million in 1HFY14.

(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.)