<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 17, 2019</span></p></div><div class=newsTextDataWrapInner><p><strong>Elsoft Research Bhd (-ve)</strong></p></div>

<div class=newsTextDataWrapInner><p>TRADING of shares in Elsoft Research Bhd (fundamental: 1.95/3, valuation: 1.5/3) triggered our momentum algorithm last Friday for the first time this year. It closed one sen or 1.1% higher at 91.5 sen, valuing the company at RM611.28 million. The counter saw 4.95 million shares change hands. In contrast, its 200-day average trading volume stood at 1.59 million shares. For the second quarter ended June 30, 2019, the group’s net profit declined 47.65% to RM6.29 million, from RM12.01 million last year. Revenue fell 48.94% to RM12.33 million from RM24.15 million.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Elsoft declared an interim dividend of one sen a share, from 1.25 sen last year. This brings the total payout for the first half of the year to two sen a share, from the 2.08 sen posted for&nbsp; the corresponding period last year.</p></div>

<div class=newsTextDataWrapInner><p>Elsoft’s cumulative net profit for the first half of the year fell 44.39% to RM11.18 million, from RM20.1 million a year earlier, with half-year revenue declining 44.78% to RM22.22 million, from RM40.64 million previously. The lower earnings were attributed to lower demand for the group’s automated-testing equipment.</p></div>


Elsoft Research Bhd (-ve)

TRADING of shares in Elsoft Research Bhd (fundamental: 1.95/3, valuation: 1.5/3) triggered our momentum algorithm last Friday for the first time this year. It closed one sen or 1.1% higher at 91.5 sen, valuing the company at RM611.28 million. T...

Stock With Momentum: Elsoft Research

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