Bursa Securities queries Borneo Oil over surge in volume of shares 婆罗洲石油净利劲翻19倍2天交投破亿接UMA质询

Monday, 11 July 2016 : 

Borneo Oil Bhd, whose shares had seen a sharp rise in its trading volume, has prompted Bursa Malaysia Securities to query the company which is involved in gold mining, oil and gas and fast food.

The regulator had on Monday issued an unusual market activity (UMA) query on the sharp rise in the volume of the shares recently.

In its standard query over the UMA, Bursa Securities asked whether there was any corporate development relating to the company's business and affairs, that had not been announced, including those in the stage of negotiation or discussion.

It also queried the company whether there was any rumour or report concerning the business and affairs of the group that may account for the trading activity.

At 5pm, Borneo Oil and its warrants were unchanged at 18.5 sen  and 11 sen. However, the shares were actively traded 154.51 million shares done and 85.76 million warrants done.

StarBiz had in early June reported that Borneo Oil’s diversification into gold mining activities in Pahang has paid off, with its gold inventory currently worth some RM100mil. 

The surge in gold prices could have also caused heavy trading activity. Gold prices rose to around US$1,367 per troy ounce on Monday.

In the June 10 report, StarBiz reported that as at March 31, 2016, the group held 18,863 ounces in gold inventory valued at US$24mil or RM94mil (based on an ounce of US$1,280 and exchange rate of US$1 to RM3.9 then), according to the company.

The inventory rose to 19,692 ounces in April, it said in its latest monthly filing with Bursa Malaysia

Borneo Oil chairman Tan Kok Chor had then said the group had taken advantage of the surge in gold price to unload some of its gold inventories last year and reaped “handsome” profits.

In 2015, gold shot up to around US$1,285 per ounce from a low of US$1,050 per ounce.

婆罗洲石油净利劲翻19倍2天交投破亿接UMA质询

2016年7月12日

婆罗洲石油（BORNOIL，7036，主板贸服股）截至4月30日首季净利按年攀升1938%，至1070万令吉，或每股净利0.36仙。

上财年同季净利为52万5000令吉，或每股净利0.14仙。

同期营业额则从上财年同季的1463万2000令吉，按年飙升101.15%，至14亿9473万6000令吉。

公司对未来展望更乐观，并估计可在未来季度取得更佳的表现。

婆罗洲石油（BORNOIL，7036，主板贸服股）因为近期成交量激增，遭马交所发出不寻常市场交易（UMA）质询。

该集团在回复马交所时表示，除了截至4月30日首季业绩表现持续获得改善和取得令人满意的表现，以及英国公投脱欧胜出带动金价和全球金矿开采股攀升之外，对于其他可推动成交量增加的因素毫不知情。 

该公司指，婆罗洲石油涉及金矿开采和相关活动，或许从英国脱欧和金融市场不稳定局势中受惠。

该股成交量在这两个交易日激增至超过1亿股，今日达1亿5451万股，成为全场交投最活跃的股票，闭市报18.5仙，收市持平。

同时，凭单婆罗洲石油-WC的成交量也受到推动，而达8576万6200股，成为第二大热门股。