Shares & Derivatives
Is anything happening at Jaya Holdings ?……shares are unusually firm since 9 January 2014
By Kevin Scully-Financial Blog  •  February 6, 2014
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

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 ...

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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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