KUALA LUMPUR: JHM Consolidated Bhd, whose share price had surged in recent weeks, was queried by Bursa Malaysia Securities on Thursday over the unusual market activity (UMA).
At 12.30pm, it was up 13 sen to RM4.29. It had surged 56% from RM1.54 on March 22.
Shares of the Penang company, which produces microelectronics components, had surged following a sharp improvement in its earnings for the financial year ended Dec 31, 2016. Its earnings jumped to RM20.33mil from RM6.45mil in FY15.
In mid-February, it announced that was all set to produce electronic lightning modules for the aerospace and aircraft industries after it was awarded the AS9100 Quality Management System certification
The certification would enable it to diversify from automotive lightning module into the global aerospace and aircraft supply chain.
Bursa Securities had directed the company to enquire the reasons for the UMA. It also advised investors to take note of the company's reply which would be posted on Bursa Malaysia's website.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
