KUALA LUMPUR (Aug 19): Bursa Malaysia issued an unusual market activity (UMA) query on The Media Shoppe Bhd (TMS) after the Internet specialist's share trade volume rose significantly today.

At 12.30pm, TMS (valuation: 0.9; fundamental: 1.85) saw share trades of some 81 million units compared to 14.79 million yesterday.

Today, TMS, which was the bourse's most-active stock, climbed as much as 1.5 sen or 11% to 15 sen. At 12.30pm, the stock settled at 14.5 sen, giving it a market capitalisation of RM63.1 million.

Bursa told TMS: "We draw your attention to the high volume traded in your company's shares today."

TMS had not responded to Bursa's query at the time of writing.

Inter-Pacific Securities Sdn Bhd remisier Sam Ng told theedgemarkets.com that investors had probably found TMS' board changes favourable because the group had been "silent" for some time.

In addition to that, Ng said TMS’ share consolidation showed the company was undergoing a restructuring process.

TMS has merged two shares with a par value of five sen each into one share with an indicative value of 10 sen. Trading of TMS' 10 sen shares started last Wednesday (August 12).

Also worth noting is TMS' planned diversification into property development and investment. Yesterday, the company said it had set up wholly-owned Exonion Sdn Bhd to undertake real estate-related businesses.

Exonion is currently a dormant entity.

(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.)