Reflections on Volume

Big volume without further upside equals distribution
Big volume without further downside equals accumulation

Volume tends to peak at turning points
Volume often precedes price movement
Volume is a relative study

Sunday, August 1, 2010

Unisem 2Q net profit surges 102% to RM48m

KUALA LUMPUR: UNISEM (M) BHD [] net profit for the second quarter ended June 30, 2010 surged 102.2% to RM48.05 million from RM23.98 million a year ago on the back of a 40.8% increase in revenue to RM359.5 million.

In a filing to Bursa Malaysia on Friday, July 30, Unisem attributed the significant increase in revenue and net profit to improved sales volume due to strong demand for its products and services.

Earnings per share was 9.27 sen, while net assets per share rose to RM1.94 from 1.83.

Note1: On behalf of the Board of Directors of Unisem, Maybank Investment Bank Berhad wishes to announce that a total of 155,575,704 new Unisem Shares have been issued pursuant to the Bonus Issue. The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. on Monday, 2 August 2010. This announcement is dated 30 July 2010.

Note2: Renounceable rights issue of up to 168,540,346 new warrants (“Warrants”) at an issue price of RM0.10 per Warrant on the basis of one (1) new Warrant for every four (4) existing ordinary shares of RM0.50 each in Unisem (M) Berhad (“Unisem Shares”) held after the bonus issue involving 155,575,704 new Unisem Shares to be credited as fully paid-up (“Bonus Shares”) on the basis of three (3) Bonus Shares for every ten (10) existing Unisem Shares held as at 5.00 p.m. on 30 July 2010 (“Rights Issue of Warrants”).

Kindly be advised of the following :
1) The Rights commence of trading : [ 2 August 2010 ]
2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer : [ 3 August 2010 ]
3) The last day and time for Acceptance, Renunciation and Payment : [ 16 August 2010 @ 5:00pm ]
4) The Rights cease quotation : [ 9 August 2010 ]
The Stock Short Name, Number and ISIN Code [ UNISEM-WR, 5005WR and MYL5005WR009 ] respectively

Financial Results

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