IFCA's software stock up 1,300% over the past year

Kuala Lumpur

FORGET Silicon Valley, Tel Aviv and Bangalore. To find the world's top-performing software company, head to Kuala Lumpur. It's where shares of IFCA MSC Bhd, a maker of cloud-based software for property companies, have jumped 14-fold over the past 12 months.

IFCA's earnings are surging just as fast as its stock after the company took an 80 per cent market share among Malaysian developers and began expanding into China, where early adopters of its sales tracking and payment processing software include billionaire Wang Jianlin's Dalian Wanda Group.