Sasbadi Holdings Bhd (-ve)
LISTED in July last year, Sasbadi (Fundamental: 2.25/3, Valuation: 0.3/3) publishes, mainly, Malaysian National School Curriculum based educational materials for primary and scondary education.

Sasbadi has seen its share price trend higher this year, gaining 24.6% to close at a historical high of RM1.81 yesterday. It was one of companies profiled by Bursa Malaysia’s “In-The-Spotlight” event that was held on Mar 18.

The company reported RM1.65 million net profit for the quarter ended November 2014 on revenue totaling RM16.3 million.  

Sasbadi may benefit from the shift towards digital learning. Its subsidiary, Sasbadi Online Sdn Bhd, already has a digital content portfolio and online learning system in place since 2011. 

The company expanded its online-learning system (i-Learn) to Indonesia by entering into a License and Services agreement with PT. Penerbit Erlangga (PPE). Sasbadi will be entitled to 8% royalty based on net sales of PPE generated through its i-Learn platform.

This article first appeared in The Edge Financial Daily, on March 26, 2015.