KUALA LUMPUR (May 28): JHM Consolidation Bhd, an electronic components maker, received an unusual market activity (UMA) query from Bursa Malaysia today on the recent rise in its share price.
The company’s shares, which were trading at around 15 sen on May 6, has tripled to 46.5 sen today. The stock could be seen going on an upward trajectory from May 11 onwards, just a week or so before the release of the company’s earnings for the first three months of the year on May 22.
It recorded a net profit of RM1.79 million for its first quarter ended March 31, 2015 (1QFY15), a little over 15 times from the RM118,000 it saw a year ago, while revenue was up 51% to RM25.05 million, from RM16.6 million.
It had said then that the significant increase in its earnings was due to a significant increase in demand of Light-Emitting Diode (LED) application and customisation products during the quarter under review.
Meanwhile, according to Bursa’s UMA query today, JHM (fundamental: 0.35; valuation: 0.5) is required to check if there is any factor that caused the significant changes in its share price.
As at 2:46pm today, the counter was trading steady at 46.5 sen apiece, up 5 sen or 12.05%, with 12.5 million shares done, giving it a market capitalisation of RM56.58 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.)