Bye

Inari TP4.0 from Alliance Bank

QR?

T.p 3.8 from MBB

Why did IFCA MSC suffer losses leading to shares being downgraded? | http://www.klsescreener.com/v2/news/view/120385

TP 3.3?

Money_Tracker can u share Q report

KUALA LUMPUR: CIMB Equities Research has downgraded IFCA MSC from Add to Hold and slashed the target price (TP) from RM1.19 to 55 sen after the weak results.
It said on Wednesday it had slashed the FY16-18 EPS forecasts for the business software solutions company due to the weaker domestic sales outlook.

“Given the poor results and poor outlook, our target basis is changed from 2017 21 times price-to-earnings (P/E) which is in line with the peers, to the average sector 2.5 times price-to-book value (P/BV), resulting in a 54% TP cut.

“Downside risks include further weakness in the domestic market, while upside risks are a recovery in China and domestic markets. We prefer MyEG for exposure in the technology sector due to its strong earnings growth outlook,” it said.

On Tuesday, IFCA MSC announced its 1H16 revenue fell 36% to RM35.7mil while net loss was RM5mil versus RM15.4mil net profit in 1H15. The loss was mainly due to the collapse of domestic revenue, down 55% to RM20mil.

CIMB Research said another major reason for the company’s losses in 1H16 was the higher-than-expected depreciation and amortisation (D&A) charges. In 1H16, D&A charges were RM3.7mil versus RM3.1mil for the whole of 2015.

“We understand the higher D&A charges were mainly due to the full commercial launch of its mobile platform and P365 starting from 2H15 onwards, after which the company had to fully recognise D&A charges,” it said.

The 1H16 overseas revenue rose 40% on-year at RM15.6mil. Most of the revenue growth due to the consolidation of its Indonesia distributor acquired at end-2015.

“We understand 1H16 sales from China was flat on a year-on-year basis, which is not a positive sign. We had expected China to compensate for the weakness in the domestic market but this was not the case,” it said.

However, CIMB Research pointed out that IFCA-MSC’s Property365.my(P365) now has around 2,000 negotiators registered with the company.

“We understand inventory for sale is more than RM3bn and while sales have been slow, P365 has been gaining more interest among property developers and agents over the past few months. Management needs to focus now on its marketing efforts for P365.

“IFCA’s balance sheet was a strong RM62.5m net cash or 10sen net cash per share as at end-1H16. The net cash contributes close to 20% of its current share price. As most of the development costs on its mobile platform and P365 have been completed, we believe spending would be focused on marketing activities for P365 over the next few quarters,” it said.

If u dnt wnt to read just ignore. No need to say useless on others sharing

http://www.thestar.com.my/business/business-news/2016/08/24/ifca-msc-downgraded-to-hold-from-add-at-cimb-research/

Run..go other stock

Any1 holding?

tgh test utk break above 60sen

Waw

Any good news?

Monitor Vivocom for price breakout

Inari come on

0.28 finally

Write a comment..nally counter bo 0.28..

Good fundamental company. Bagi dividen

Vivicommers,
VIVOCOM, Found S at FiR 50% S, Waiting for Buy Signal

UOBKH Retail Market Monitor 24 June 2016

FBMKLCI 1,639.98 (+2.29,+0.14%)
Support: 1,610, 1,600
Resistance: 1,660, 1,674

The index rose yesterday on bargain hunting across the board.

Top Gainers: Genting Malaysia (+2.5%), Tenaga Nasional (+1.7%) and Maxis (+1.0%)
Top Losers: YTL Corporation (-1.2%), Westsports Holdings (-1.2%) and
Sime Darby (-0.9%)

Bursa Trade Statistics (RM):
Local Institutions (57.40%): net Sell 0.80 million
Local Retail (13.90%) net Sell RM30.90 million
Foreign (28.70%) net Buy RM31.70 million

MSCI Asia Pacific Index (+0.80%)
S&P500 2,113.32 (+1.34%)
DJIA 18,011.07 (+1.29%)

USDMYR 3.9563
SGDMYR 2.9583

Crude Oil $50.11
Gold $1,263.10

US stocks finished higher Thursday as investors bet that UK voters
would elect to remain in the European Union in a long-anticipated
referendum. A reading of manufacturing sentiment rebounded in June
from the weakest reading in 6.5 years in May, according to data from
Markit released Thursday. New-home sales declined in May, an expected
pullback after an outsize jump in April. On the NYSE, advancing issues
outnumbered declining ones by a 2,535-493 margin.

Stocks to watch:
1) N2N CONNECT; Technical Buy with +21.1% potential return
*Last: RM0.900 Target: RM1.04, RM1.09, Stop: RM0.780
*Timeframe: 2 weeks to 2 months

2) BENALEC HOLDINGS; Technical BUY with +21.8% potential return
*Last RM0.500 Target: RM0.580, RM0.615 Stop: RM0.460
*Timeframe: 2 weeks to 2 months

3) ASIA POLY HOLDINGS; Technical BUY with +41.1% potential return
*Last: RM0.265 Target: RM0.345, RM0.395, Stop: RM0.230
*Timeframe: 2 weeks to 2 months

For full report, please log in to www.utrade.com.my

Sentiment > FA > TA

Bila sentiment negative, secantik dan sekuat mana pon FA dan TA sesuatu syarikat, tiada gunanya

Lepas tu kita plak buat hero pegi enter market masa market merah mcmni

Bila sangkut rugi, tepuk dahi

Pengalaman setahun jagung ada hati nk lawan market

Tu la penyakit kebanyakan kita

Always consider your risks before rewards

Even a TA Genius must go back to basic.
Support turn Resistance, Resistance turn Support

Trust your chart, chart never lies

No buy signal at the moment. Like catching the falling knives. Whoever enter , get injured

*those

Mine sold at 0.80...anyway congratulations to all whose taking profits today

Tomyam..y r u keep watching this counter as if u dont trade in this counter

Now 0.27....popit

Waw.....marobozu

Have u trade in this counter

ASIAPLY break below 0.23 cut

If get dividen then how about the price?

Monitor closely stop loss ketat2

ASIAPLY, CAVEAT = DIAMOND TOP
Ada chances if break support level..will see if pecah bumbung atau pecah lantai

ASIAPLY, CAVEAT = H&S Pattern, Strong OR at 0.26

Asiaply pattern cantik..ready to fly

Tq ktsk88

It is not about the price of the seminars.m attending today for free. Some of my friends are
Professional and advance traders here.. m just sharing wht he said.. if u can accept ok..if not i will not share the info here. Maybe you guys only want to hear only good news. Well it's ok..

This is free 1 ☺

I am here inv3st smart seminar by Nazzary Rosli.
He said tht , looking at this chart the graph is goin down
Whoever come in semua kena..
Later will share more info

bullish candle
potential rebound
but still resistance level at 0.285 to be broken

Common vivo

Pattern cantik suda cup & handle tapi volume tada

Aiyo.

Means..

Any1 trade in this counter?