IFCA jumps 5.2% after described as world's top software stock

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KUALA LUMPUR (Apr 14): IFCA MSC Bhd climbed as much as 5.19% or 7 sen, after it was featured in a Bloomberg report, describing it as “the world’s top software stock”.

At 12.30pm, IFCA MSC was 4.44% or 6 sen to RM1.41 with 1.32 million shares traded.

Meanwhile, its warrants rose 4.07% or 5 sen to RM1.28, with 5.5 million units done.

IFCA (fundamental: 3.0; valuation: 1.1) was also one of the most actively traded stocks on Bursa Malaysia.

According to Bloomberg’s report, shares of IFCA have surged 1,321% over the past 12 months, the most among software companies worldwide with a market value of at least $150 million (RM555.44 million).

The report also quoted CIMB Research analyst Nigel Foo, who opined IFCA’s profit will probably jump at an annual rate of 228% over the next three years.

(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.)