Informatics

Informatics: surges 13.6% to $0.10, marking 4.6% of shares traded, as the market selloff fails to dampen the Myanmar frenzy.
The private education-provider's website indicates it has five Myanmar centers, but the country's revenue contribution is likely small, with Asia-Pacific excluding Spore only accounting for 21.3% of fiscal FY11's $36.1 m revenue; Informatics didn't immediately return calls for comment. CIMB notes, "now any sniff of business in Myanmar can trigger buying." Adds brokers have indicated clients frustrated by S-chips are shifting to local plays. S-chip Sinotel is down 23.8% at $0.128 after it said three employees allegedly made Rmb 105.4 m in unauthorized purchases. Informatics' fiscal 9M12 revenue fell 10% on-year. In an Oct report, Sadif described Informatics as "an above average quality company with a neutral outlook," adding "long-term business growth rates are significantly below the sector average of Singapore-listed companies."
The $0.13 52-week high, touched April 2011, may be near-term cap