Hisaka Holdings (FV2.SG) +8.6% at $0.38, just off all-time high of $0.39 in early trade, extending 27.3% gain since beginning of September, according to Dow Jones.

“Aside from the outlook for 2H10, we also garnered other positives which made us suspect that the recent surge in its share price may not be over just yet,” says CIMB analyst Leong Weihao.

CIMB notes supplier of mechanical motion components has been actively nurturing new businesses to reduce reliance on volatile semiconductor sector.

Company last month teamed up with Singapore’s Temasek Polytechnic, LG Electronics to develop polytechnic’s $8 million digital campus, seeking to generate revenue from selling LG’s applications designed by campus.

Leong expects stronger 2H10 results vs 1H10 on increased orders from chip customers, tips FY10 dividend of $0.02/share, translating to 5.7% yield on yesterday’s close.

1H10 net profit at $4.2 million vs $873,000 loss year earlier. Orderbook quotes tip minimal upside beyond $0.40.