Is anything happening at Jaya Holdings ?......shares are unusually firm since 9 January 2014 Thursday, 6 February, 2014 8:27 AM
Posted by Kevin Scully
...Posted by Kevin Scully
Jaya Holdings shares spiked up on 9 January 2014 from S$0.73 to the S$0.82 on higher than daily average volume of 8.9mn shares. This 12.3% gain on volume prompted an SGX query and the company replied that it was in compliance with its Listing obligations in terms of material disclosure.
A number of rumours and factors were cited for this rise:
a) better than expected Q2-2014 results which were released on 21 January 2014 as the results were due to be released in the third week of January 2014
b) a catch up rerating following the listing of Pacific Radiance. Pacific Radiance shares. Pacific Radiance shares rose 2.5 cents to S$0.995 (2.6% gain) on ...