Microlink Solutions Bhd (-ve)
SHARE price of Microlink (Fundamental: 2.1/3, Valuation: 0.6/3) has more than doubled since it posted strong earnings results last Wednesday. On the same day, it entered into a share sale agreement with Iteration Partners Pty Ltd to acquire the remaining 40% stake in its 60%-owned subsidiary, Microlink Innovation Sdn Bhd for RM300,451.
The stock closed at a 5-year high of RM1.30 yesterday.
For the quarter ended March 31, 2015, revenue rose 501.8% y-o-y to RM61.9 million while net profit jumped 508.7% to RM9.2 million, mainly due to higher software sales and consolidation of financial results of newly acquired entities.
For FYMarch2015 covering 15 months, Microlink recorded revenue of RM137.7 million and net profit of RM9.4 million. It has a net cash of RM16.9 million or 11 sen per share.
Microlink, an MSC status company, provides end-to-end banking solutions for financial institution. It is also a leading player in Islamic banking applications.
MICROLN (0126) - Stock With Momentum: Microlink Solutions
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