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 has been 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.
