KUALA LUMPUR (June 1): Y&G Corp Bhd has been issued an unusual market activity (UMA) query by the exchange, following the recent spike in its share price.

In a filing, the bourse instructed the company to disclose any corporate development, rumour, report, or any other reason to account for the rise in its share price.

Y&G (fundamental: 2.7; valuation: 2.6) saw its share price spike 32 sen or 29.6% to close at RM1.40 today, with 126,600 shares traded. Its market capitalisation was RM215.34 million.

On May 28, the company had released its results for the first quarter ended March 31, 2015, reporting a net profit of RM13.75 million, up fivefold from RM2.73 million a year ago, on the back of higher revenue of RM91.11 million, compared to RM23.01 million in the previous year.

Y&G also declared a five sen interim single-tier dividend payable on June 24 this year.

(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.)