ATA gets new customer, sharp increase in share price

There is also speculation of an impending corporate exercise, with the emergence of new shareholders, said CGS-CIMB Research.

PETALING JAYA: The sharp increase in the share price of ATA IMS Bhd within a short period of time may be due in part to optimism over the electronics manufacturing service provider securing a new major customer.

There is also speculation of an impending corporate exercise, with the emergence of new shareholders, in the company. However, there were still uncertainties surrounding this explanation given the lack of information, according to CGS-CIMB Research.