KUALA LUMPUR (Jan 15): Willowglen MSC Bhd jumped as much as 5.3% after Insider Asia said it would benefit from the strengthening Singapore dollar versus the ringgit.

This is because  Willowglen, which provides remote monitoring solutions, derives a substantial 83% of its revenue from Singapore.

Willowglen (fundamental score: 2.55; valuation score: 1.2) gained as much as four sen to 79.5 sen before trading at 79 sen as at 2.42 pm. A total of 979,500 shares changed hands.

For comparison, the FBM KLCI rose 4.18 points or 0.24%.

The ringgit has weakened against the Singapore dollar. At 3.42pm, the ringgit was traded at 2.6771 versus the Singapore dollar, compared to 2.5193 on August 28 last year.

Insider Asia said in a report it liked Willowglen's growth prospects and scalable asset-light business model and strong cash from operations.

According to Insider Asia, Willowglen is well-established in Singpore, where major clients include the Housing and Development Board of Singapore and Singapore Power.

In Malaysia, Willowglen's clients include Petronas Gas Bhd and Prasarana Malaysia Bhd.

Insider Asia's report is published in The Edge Financial Daily and theedgemarkets.com today.

(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.)