KUALA LUMPUR (Dec 17): Ajinomoto (M) Bhd has received an unusual market activity query from Bursa Malaysia on the rise in its share price recently.

Over the past week, shares of Ajinomoto rose as much as 24.83% or RM1.85 to reach a record high of RM9.30. The counter later pared gains to close at RM9.25.

As at 3.34pm today, the counter fell 15 sen or 1.62% to trade at RM9.10, with 59,500 shares changing hands. Its market capitalisation stood at RM553.57 million. Ajinomoto shares hit an intra-day high of RM9.30 in early trade.

Year to date, the counter has risen 64.55%.

For the second financial quarter ended Sept 30, 2015 (2QFY16), its net profit jumped 62.47% to RM12.38 million from RM7.62 million a year ago. Revenue was up 6.22% at RM93.96 million from RM88.46 million in 2QFY15.

For the first half ended Sept 30, 2015 (1HFY16), net profit surged 43.1% year-on-year to RM22.7 million on the back of an 8.5% growth in revenue of RM189.5 million. The increase in net profit was mainly due to higher sales and better profit margins from export sales.

(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.)