Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 22): SAM Engineering & Equipment (M) Bhd said it is unaware of any corporate development that may account for its recent share price hike.

In a filing with Bursa Malaysia today, SAM Engineering said it is also unaware of any rumour or report concerning the business and affairs of the group that may have accounted for the trading activity.

Earlier today, SAM Engineering was slapped with an unusual market activity by Bursa Malaysia, about the recent rise in its share price.

Shares of SAM Engineering (fundamental: 2; valuation: 2.8) rose as much as 5.3% to touch an all-time high of RM8.28 today, before closing lower at RM7.90, with a market capitalisation of RM681.55 million. Year-to-date, the stock has risen by 204.5%.

(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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