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This article first appeared in The Edge Financial Daily on September 14, 2018

Microlink Solutions Bhd (-ve)

TRADING of shares in Microlink Solutions Bhd (fundamental: 0.95/3, valuation: 0/3) triggered our momentum algorithm yesterday for the first time this year. The counter closed two sen or 3.45% lower at 56 sen yesterday with a volume of 285,900 shares, higher than its 200-day average volume of 67,928 shares.

Microlink reported a net loss for its first quarter ended June 30, 2018 (1QFY19), which stood at RM771,000 or 0.46 sen per share, versus a net profit of RM4.79 million or 2.86 sen per share last year due to lower revenue and gross profit margin. Its quarterly revenue declined 30.14% to RM40.53 million, from RM58.02 million in 1QFY18.

Going forward, Microlink said the board is mindful of the challenging business environment and is cautiously optimistic about the group’s financial performance for the current financial year.

At the current share price, Microlink is trading at 3.08 times its book value.

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