Willowglen up 3% after Edge FD reports on potential acquisition

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KUALA LUMPUR (April 27): Willowglen MSC Bhd rose as much as 3% after The Edge Financial Daily (Edge FD) reported the remote-monitoring specialist was looking to buy a global company in a related field.

Edge FD, quoting Willowglen (fundamental: 3; valuation: 0.9) group managing director Wong Ah Chiew, reported the acquisition of the oil and gas-monitoring entity would help Wllowglen expand its business to include American markets.

Willowglen shares rose as much as 2.5 sen to 92 sen today. At 3:48pm, the stock pared gains at 90.5 sen, with 635,100 shares traded.

Willowglen shares have appreciated some 20% year-to-date, outperforming the FBM KLCI's 6% rise.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)