Those sold are panic seller. But the other side a batch of ppl is buying.

Just share it ;-)

THE goods and services tax (GST) software system will continue to contribute to accounting software company Censof Holdings Bhd’s business growth as it expands its reach.

“We are extending our focus and targeting local councils for SAGA (Standard Accounting for Government Agencies) related projects and also continue with our regional expansion plans. “Our Indonesian business, PT Prasindo, where we are offering wealth management services, has been growing steadily with a number of new clients secured recently includingthe National Higher Education Fund Corp and Jambatan Kedua Sdn Bhd,” group managing director Ameer Shaik Mydin tells StarBizWeek.

The group is making good progress on this front. To date, the accounting solutions providers have secured 22 government agencies for the implementation of the GST and to upgrade services.

Ameer, however, notes that the government agencies that are generating income from tax sources are not required to implement GST, for example, the Inland Revenue Board (IRB).

“The average once-off fee for system upgrade and implementation ranges from RM100,000 to RM250,000 per contract. In addition there is also consultancy fees which depends on the scope of work of the project,” he discloses.

Analysts say there are a lot of opportunities for Censof and that the implementation of the GST of 6% effective April 1, will boost its revenue.

Censof is one of the major accounting solutions providers for government agencies. It boasts of clients like the IRB, the Finance Ministry, Kuala Lumpur City Hall, Malaysian Palm Oil Board and the Social Security Organisation.

For the first months ended Sept 30, 2014, Censof’s profit stood at RM1.17mil on revenue of RM64.1mil.

Ameer said its government and private client portfolio is at a 90:10 ratio under its financial management software solutions (FMSS) business.

“We have existing projects with Kontena Nasional and Northport under our FMSS business and we are looking to expand. On a group level, its standing at 50:50. The clients of our other subsidiaries comprise mostly from the private sector,” he explains.

Some analysts estimate that the GST-compliant software market is potentially worth about RM1.7bil. Among the public listed companies that could benefit from this market include Censof.

According to Customs Department director of GST Datuk Subromaniam Tholasy, 316,001 companies and businesses have registered for GST as of Feb 16.

As of Jan 31, Ameer points out that its GST software system orderbook stands at RM2.25mil. Censof order book stands at RM45.4mil as of end-December 2014.

Some experts point out that some SME’s are paying almost double for their GST-compliant accounting softwares. The high prices have resulted in some vendors enjoying brisk sales from last-minute demand for GST compliant software.

Ameer says Censof entered into a joint venture agreement with Asian Business Software Solutions Sdn Bhd to sell MYOB, a GST compliant accounting software for small and medium-sized enterprises (SMEs).

“The retail price for the MYOB software off the shelf is RM1,699. However, we are selling it at RM1,000 per licence which can be offset against the Government subsidy of RM1,000 issued by SME Corp when SME entities register for GST by Feb 28.

“With the new registration deadline imposed by the Government, we are expecting an increased demand for MYOB since all GST registered companies will need to ensure that they are fully-compliant,” Ameer says.

Ameer points out that Dagang Nexchange Bhd (DNex) has delivered a steady gain to the group since its acquisition. “DNex cumulative profits for the two quarters ending Sept 30 has already contributed RM8.1mil to the group’s bottom-line,” he says.

Censof had forked out RM69.8mil for the acquisition in a tender process called by Khazanah Nasional Bhd last year.

http://www.thestar.com.my/Business/Business-News/2015/02/21/Censof-to-get-revenue-boost-from-GST-software/?style=biz

FYI, quarter report is schedule on 24/4/15

Keladi definitely up tomorrow. Buy when it's still low $$$$$

Lol it's just a point of view. Since the statement is not so suitable I better delete

It's ok I will delete my post here. Sorry to bother and by no means to create any fears

my cost 0.745. hope can recover soon :(

1Q report shld be in early of June and bonus issue is near soon. More announcement is coming. Insider who already knew the report figure started to collect today. Please hold tight and enjoy the ride.

http://www.bernama.com.my/bernama/v7/bu/newsbusiness.php?id=1035726

Buy when it's still cheap. It will fly like pmetal

Contratrader, I feel sorry if you really loss rm200k but you've got caught! How can we believe your words since you are telling lies in the first place？

finally it's back to top gainer chart! to be continue on Monday..

hwang112, any good news?

Any news? What happen it is dropping so much?

Drop so much. Bought it at 5.69 kena teruk sekali

jayhao2000 Dakewlest, in Quater-3 this year. so now is still good for you to collect

Any source?

I'm newbie just started share trading few months ago. Thanks to Ayamtua and Fortunebullz's recommendation on this counter. I bought it few days ago and start to earn now :))

hi Optimus! i sold it on the day it's dropped but my friend got stuck. May i know what is the news inside?

hi friends! i follow some sifus's recommendation on certain counters and start to earn now. While waiting this counter to rise can consider those counters also. Happy investing!

http://www.theedgemalaysia.com/first/284473-stock-focus-sbcs-9m-results-and-outlook-attract-upgrades-and-coverage-fr.html

Bought 2.29 TP3.24 still have rooms to grow

SBCCORP
Maintain Trading Buy with a higher TP of RM3.24 (previously,
RM2.35) based on 50% discount to its RNAV of RM6.48 which is
inline with our small to mid cap property players. The main reason
for the sharp TP increase is because we are using DCF-future
profits methology instead of basing valuation on landbanks at
market value and we have also included the Batang Kali JV project.
Currently, its only trading at an undemanding PER of 6.5x to its
CY15 earnings, at a discount of 33.6% to FBMSC’s 9.8x CY15E
PER.