This article first appeared in The Edge Financial Daily, on May 13, 2016.

Visdynamics Holdings Bhd (-ve)

SHARES in Visdynamics Holdings Bhd (fundamental: 1.25/3, valuation: 0.3/3) jumped 4.88% to their six-month high of 21.5 sen. The stock was heavily traded in comparison to its 200-day average volume of 481,630.

Year to date, the share price has surged 33.33%. In the last 52 weeks, the share has been trading between 14 sen and 31 sen.

The company’s first quarter ended Jan 31 of financial year, 2016 (1QFY16) net profit declined 64.7% to RM241,000 from RM682,000 in 1QFY15, mainly due to unrealised foreign exchange losses resulting from the weakening of the US dollar, higher travelling expenses and sales and service commissions, and higher research and development costs incurred.

This was despite its revenue jumping 28.8% to RM4.21 million in 1QFY16 from RM3.27 million in 1QFY15.

The company provides equipment solutions to the semiconductor assembly and test industry.

Its current price gives it a market capitalisation of RM23.35 million.