Although the Australian share market took a tumble on Wednesday, that didn’t stop some shares from charging higher.
In fact, three ASX shares were in such strong form that they charged to new record highs. Here’s why these ASX shares are flying high right now:
Hansen Technologies Limited (ASX: HSN)
The Hansen share price jumped to a record high of $5.28 on Wednesday. Investors were buying the billing technology company’s shares after it announced a master services agreement with Telefónica Germany. The $25 million five-year deal will see Hansen deliver its Cloud Native Communications product suite through a prepaid subscription to support the telco’s operations. This led to Hansen upgrading its guidance for FY 2021. It now expects constant currency revenue of $316 million to $326 million with an underlying EBITDA margin of 37% to 39%.
Sealink Travel Group Ltd (ASX: SLK)
The SeaLink share price stormed to a record high of $9.06 yesterday. This latest gain means the travel and transport company’s shares are now up over 125% since this time last year. The catalyst for this was a game-changing acquisition and its very strong half year result in February. Also giving the SeaLink share price a boost on Wednesday was news that Macquarie has upgraded its shares to an outperform rating with a $9.50 price target. The broker is becoming increasingly more positive on the company’s outlook.
Silk Laser Australia Ltd (ASX: SLA)
The Silk Laser share price continued its positive run and hit a record high of $5.02 on Wednesday. This means the laser clinic company’s shares are now up over 45% since its December IPO. Investors have been buying Silk Laser’s shares since the release of an impressive half year result in February. For the six months ended 31 December, the company reported a 62% increase in network sales to $44.9 million and a 305% jump in net profit after tax to $4.7 million. This strong first half led to management upgrading its guidance for the full year.
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More reading
- The Hansen Technologies (ASX:HSN) share price is hitting a 52-week high
- Why Afterpay, Gold Road, Hansen, & Silver Lakes shares are charging higher
- Why the Hansen (ASX:HSN) share price will be on watch today
- 2 fast-growing ASX small cap shares to buy
- Hansen Technologies (ASX:HSN) share price rises on profit surge
James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of Hansen Technologies. The Motley Fool Australia has recommended Hansen Technologies. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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