KUALA LUMPUR (June 1): Microlink Solutions Bhd, which has seen its share price surge 205% year-to-date, has been slapped with an unusual market activity (UMA) query by Bursa Malaysia today.

At the end of the morning trade, Microlink's share price gained 13 sen or 7.6% to settle at RM1.83, giving it a market capitalisation of RM278.4 million.

After more than 1.38 million shares changed hands, the counter is also one of the top gainers this morning as its share price hits a record peak of RM1.95.

In a filing with the stock exchange this afternoon, Microlink said the regulator has issued it an UMA query today on the recent sharp rise in the price of its shares.

"In this respect, investors are advised to take note of the company's reply to the UMA query when making their investment decision," it said.

For the quarter ended March 31, 2015, Microlink's 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 financial year ended March 31, 2015 covering 15 months, the group 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.

According to theedgemarkets.com, the likelihood of corporate exercise and stock volatility for Microlink (fundamental: 2.1; valuation: 0.2) is high.

(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.)