Trading in Hunza suspended pending material announcement

KUALA LUMPUR (March 19): The trading in the shares of Hunza Properties Bhd has been suspended, following the company’s suspension request, pending release of a material announcement.

According to a filing with the exchange, the suspension of the property developer’s shares will be in effect from 9am to 5pm tomorrow.

Hunza (fundamental: 1.7; valuation: 1.2) saw its share price spike as much as 24 sen or 12% during today’s session, to reach an intraday high of RM2.18.

The counter closed 16 sen or 8% higher at RM2.10, bringing its market capitalisation to RM436.67 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)