Mikro hits record high

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KUALA LUMPUR (Nov 5): Mikro MSC Bhd marched to its highest ever close at 43 sen, up 2.5 sen or 6.2%, with 5.1 million shares traded.

The counter climbed as much as 10% after The Edge Research said the company would likely chalk up fast earnings growth. As a result, its current premium price-earnings (PE) valuation would eventually decline.

Little known Mikro is principally engaged in the research, development and design of analogue, digital and computer-controlled electronic systems or devices for use in the electrical, electronic and other industries, besides providing technical and maintenance services. The company’s products include overcurrent and earth fault relays metering solutions and power factor regulators