Measat Challenging Bursa's Query Exercise By Soaring Yet Again!

On Business Times: Queries not meant to be reprimands: Zarinah

• QUERIES from Bursa Malaysia are not meant to be reprimands but rather a chance for listed companies to give investors more information, the Securities Commission (SC) said yesterday.
  
  Companies must also be quick to deny any speculation or rumours.
  
  "The Listing Requirements require PLCs (public-listed companies) to make accurate disclosure," SC chairman Tan Sri Zarinah Anwar said during a briefing with editors.
  
  Yesterday, Bursa Malaysia warned investors to be careful when trading in shares of satellite operator Measat Global Bhd and Transmile, an air cargo company.
  
  Measat jumped to a 22-month high on speculation its owners will combine the business with a phone company or buy out the unit.

So a Bursa Query is for a chance for listed companies to give investors more information?

Oh!

Looks like Bursa Query would be a waste of time because if you look at Measat stock trading NOW, the stock is acting such a query does not exist!

The stock is now up another 10 sen!

On another article Bursa cautions investors on Measat, Transmile

• BURSA Malaysia yesterday cautioned investors on the trading of Measat Global Bhd and Transmile Group Bhd shares, after both companies could not explain the unusual market activity queries dated June 4 and 5 respectively.
  
  "Given the lack of material development based on the response from the respective companies, Bursa Malaysia would like to advise investors to exercise caution and due diligence on the trading of Measat and Transmile securities," the exchange said in a statement.
  
  "The exchange would also like to draw investors' attention to the high trading interest on some counters of late, which were not supported by new or material corporate developments.
  
  " Investors are also advised to be aware of the possible risks involved when making investment decisions based solely on market rumours and are reminded to exercise due care and diligence," it added.
  
  Bursa Malaysia said it has in place market surveillance tools and systems to monitor real-time trading activities and price movements, and will not hesitate to take appropriate regulatory action where necessary.