Caely shares hit limit up, slapped with UMA query

PETALING JAYA: Lingerie firm Caely Holdings Bhd was issued an unusual market activity (UMA) query by Bursa Malaysia, after its shares hit limit up earlier today.
The stock jumped 30 sen or 38.5% to close at RM1.08, with some 18.29 million shares changing hands. Its share price has more than doubled in the past one month.
The company was required to disclose any corporate development, rumour or other possible explanation that could have contributed to the recent spike in its share price.
Caely’s six-month net profit ended September 30, 2017 plunged 95.25% to RM187,000 against RM3.94 million, due to lower contribution from its property and construction as well as manufacturing segments.