WINTONI (0141) - Bursa Malaysia cautions investors trading Wintoni shares
KUALA LUMPUR (Mar 12): Bursa Malaysia Securities Bhd has advised investors to exercise caution in the trading of Wintoni Group Bhd's shares and its warrant stock, WINTONI-WA, following the recent sharp rise in the prices of both counters.
The exchange had, on Feb 26, issued an unusual market activity (UMA) query to Wintoni (fundamental: 2; valuation: 0.3), to which the company replied it was unaware of any corporate development or explanation for the unusual trading in its shares.
On Mar 9, Wintoni was highlighted among stocks with positive momentum by theedgemarkets.com. Over the past month, the counter has gained 31 sen or 365% from its closing of 8.5 sen on Feb 12.
Wintoni had recently released its results for the quarter ended Dec 31, 2014, posting a net profit of RM2.8 million, as compared to a net loss of RM1.1 million in the previous year. Meanwhile, revenue rose 62% to RM7.6 million from RM4.7 million.
"Notwithstanding the announcement by Wintoni on its recent quarterly results, Bursa Malaysia Securities would like to advise investors to exercise caution and to make informed decisions in the trading of Wintoni and WINTONI-WA.
"Bursa Malaysia Securities will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Wintoni and WINTONI-WA," said the exchange.
Wintoni rose 5 sen or 14.5% today to close at 39.5 sen, bringing its market capitalisation to RM176.99 million.
http://www.theedgemarkets.com
KUALA LUMPUR (Mar 12): Bursa Malaysia Securities Bhd has advised investors to exercise caution in the trading of Wintoni Group Bhd's shares and its warrant stock, WINTONI-WA, following the recent sharp rise in the prices of both counters.
The exchange had, on Feb 26, issued an unusual market activity (UMA) query to Wintoni (fundamental: 2; valuation: 0.3), to which the company replied it was unaware of any corporate development or explanation for the unusual trading in its shares.
On Mar 9, Wintoni was highlighted among stocks with positive momentum by theedgemarkets.com. Over the past month, the counter has gained 31 sen or 365% from its closing of 8.5 sen on Feb 12.
Wintoni had recently released its results for the quarter ended Dec 31, 2014, posting a net profit of RM2.8 million, as compared to a net loss of RM1.1 million in the previous year. Meanwhile, revenue rose 62% to RM7.6 million from RM4.7 million.
"Notwithstanding the announcement by Wintoni on its recent quarterly results, Bursa Malaysia Securities would like to advise investors to exercise caution and to make informed decisions in the trading of Wintoni and WINTONI-WA.
"Bursa Malaysia Securities will not hesitate to take appropriate regulatory action to ensure fair and orderly trading of Wintoni and WINTONI-WA," said the exchange.
Wintoni rose 5 sen or 14.5% today to close at 39.5 sen, bringing its market capitalisation to RM176.99 million.
http://www.theedgemarkets.com
