STARBIZ, Monday 11 May 2009

Among Mesdaq companies, Excel Force MSC Bhd has lagged its counterparts on the main board, said OSK Research's vice-president Shin Kao Jack.

A Company that provides stock-trading software to banks, with part of its revenue pegged to trading turnover, its share price has lagged that of investment bank/stockbrokers. It is led by founder chief executive officer Jeff Wang, a Taiwanese.

Excel Force traded at a price of 26 sen, which is price/earnings ratio (PE) of 6.5 times its net profit of RM5.2mil last year when market volume languished.

It issued two interim dividends that totalled 2.5 sen net a share, a yield of 9.6%. It held RM12.5mil cash, with no borrowings at the end of last year, Shin said.

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