Thursday 28 Mar 2024
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KUALA LUMPUR (Sep 15): Tex Cycle Technology (M) Bhd has been issued an unusual market activity (UMA) query on the sharp rise in its share price recently.

Tex Cycle, which is involved in waste management for various industries, saw its share price rise by 60.8% from 51 sen on Sep 3, 2015 to close at 82 sen yesterday.

In the UMA query today, Bursa had requested Tex Cycle to disclose any corporate development, rumour or report concerning the business and affairs of the group, and any other possible reasons for the share price rally.

At 2.32pm today, Tex Cycle shares were trading at 86 sen, up 4 sen or 4.9% from its close yesterday, with 890,600 shares traded and a market capitalisation of RM146.19 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.)

 

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