KUALA LUMPUR (June 19): Trading in the shares of food seasoning manufacturer Ajinomoto (Malaysia) Bhd (KL:AJI) will be suspended on Monday (June 22) pending an announcement.

The suspension was made at the company's request, according to a Bursa Malaysia filing on Friday.

The announcement comes after Ajinomoto's share price surged more than 26% since April 8 and touched an intraday high of RM15.60 on June 10, its highest level in two years. The stock closed 16 sen, or 1%, lower at RM15.20 on Friday, valuing the company at RM924.1 million.

According to AskEdge, the stock is currently trading at a price-earnings ratio of 13.1 times, the second lowest among its listed peers.

Ajinomoto (Malaysia) is 50.38%-owned by Japanese food giant Ajinomoto Co Inc and was among the earliest Japanese joint-venture companies to establish operations in Malaysia.

The company is best known for its monosodium glutamate (MSG) products marketed under the AJI-NO-MOTO brand. It operates a manufacturing plant in Bandar Enstek, Negeri Sembilan, and manages 10 sales branches nationwide.

On the financial front, Ajinomoto returned to the black with a net profit of RM14.9 million for the fourth quarter ended March 31, 2026, compared with a net loss of RM6.9 million a year earlier. The improvement was driven by higher sales revenue as well as lower raw material, selling and administrative costs.

Quarterly revenue rose 5.9% year-on-year to RM158.6 million from RM149.8 million.