https://brokingrfs.cimb.com/r1HR8FaCRNg8mEzgChixhYqyTvxCBh3t0Q0v4b8cP5h0ftRCR_Kl1UuNaWughhLt8l0vf9R_Evu_VQ2.pdf

WILL fly soon, just see in 2-3 months will hit rm1.50 or not - from alpha trader

Lol, funny abcb, random names and empty vessel

Maybe game over, why he is selling his own shares

KSL potentially will REIT and sell their ksl city and mall, at 5% dividend yield, why don't you just buy, better than FD/ 7X P/E / net cash

Potentially hit 30cents soon

Last quarter results if replicate forward with some growth it could fall well below 10 times pe, i guess it is hard to revisit 15c

Why so low spirit here? Is time to collect ifca guys

Kenneth dont talk bs here, ksl is undervalued by its self just a matter of time for it to rerate further when they reit or dispose its ksl city mall

I have a feeling this stock has just started, lets see tomorrow what market will tell us, if can close green, should be time to buy

TPY reappointed to Director, not resigned from the company

LT GEN (RTD) DATUK KHAIRUDDIN BIN MAT YUSOF appointed as chairman, a malay, could it be contracts coming into wintoni?

Ter poh yee resigns from the company as chairman to director after the company turnaround, looks like new shareholders and new board from ex-spsetia is coming on board

Some funds are selling, alpha jack is right, he should take over alpha trader, time for me to retire, call alphajack dai kor please! he will takeover ksl now, he might come and promote soon after you guys sold, keke

ksl is paying 5 cents dividend, net yield 4.6% for a property stock, quite good

investors should look beyond 2014 la, might be a good buying opportunity if it cross below 53 tomorrow, a bad call from me though, didnt know they were so aggresive, maybe they were taking chance to impair those assets given the weakness in share price

Aiya if u dot liek the stock, why waste your time come and bash it, klse has more than 1000 counters for u to shop, why wanna promote the stock previously if you hate it? Haha, Remembered what kenanga has originally targetted a target peice of rm6.70? That is rm3.35? Why in the first place they adjusted their price target? No consistency at all? If you are a kenanga analyst, especially property analyst, your target price always flunked here and there, if pe is your basis in valuing ksl, from a tp of rm3.35 you should adjust ten percent downwards to rm3 etc, whats your basis in promoting the stock in the first place? Is it because of your vested interest? Highly likely kenanga is the one who sold down the stock last friday, lets see whether they adjust their target price this time

Ksl has more properties to be ravalued, that was just part of it, before you buy this share, please think what you want?

Ksl gives u about 4.5pc dividend yield at current level, at pe of 8x, 0 net gearing, potential listing of ksl coty as a reit or potential sale by working out the yield of ksl city, it should not even trade below 3, which prop developer owns mall currently? Most of them just have valuable land banks but not mall which the valued is already prepared to be unlocked compared to a landbank which only depends on gdv figures and uncertainty of development

Sell down is for sure by some fund managers who thought ksl will get rm290m core profit for the year, they might be disappointed because the company overguided, haha

The story has always been cucms and masterskill and pro elt, the company purposely wrote down and impaired all the negative stuff, same like megb

4th quarter results operationally will not be so good, so many holidays etc, people are relaxing waiting for bonus, how to buy property? The fact that ksl managed to do rm260m operationally is a damn good figure

If u are smart enough, ksl city alone is worth rm2b on the back of rm110m pbt if i am not mistaken, that alone is more than the market cap already, read the prospect section, the company is gonna launch rm10b gdv projects in klang

Not fair to sell down KSL la, this is the RNAV play, not about giving a P/E to this company, even though core profit was not as well as expected, still maintaining a target of RM3 for long run

Change of board members, looks like the company is really turning around, looks like a mini ifca, lets monitor for another quarter

Changing board and i see much potential for this company, 16-17c should be no problem

Meantime, wait for correction and buy, the results is quite good actually, have to wait for more development from the company, FY2015 P/E should come about 12x

Superb profits, still got legs i guess

Lets focus on IFCA, this coming quarter results will be the key to rerate the stock further! RM1.48 is just a matter of a month or 2 months, 20% for 1-2months, worth the wait or not, you judge yourself, of course you could reap more if you punt pennies, but how many have burnt in asiabio? lol

Epmb historical pe just 7x, with honda upcoming, dont see a reason why this stock cant trade at 90c

As I said, undervalued gem will be undervalued, RM2.50 should not be a problem

mostly contrarian cutting losses now, now should be the time to buy back

And now KSL is above the price I had recommended, time to resume my blog

Better cut loss now, this company is nor ifca, q1 always make losses, lumpy earnings

If you have money to buy, just load up tomorrow, will be the lowest, and continue to ride up

Q1 expected to generate rm10-12m, annualise it ifca should be trading at rm1.60 as mentioned

Alot took up contra position last week, now busy cutting losses, haha, in fact this should be the time to accumulate further

In 2013 and 2014, IFCA added 4 new offices in China, and look at 2014's growth!

In 2015, IFCA is going to add 10 new offices in China, do you need a simple forecast to know 2016's potential revenue growth? Now, IFCA is only trading at about 16x P/E of FY2015, which is considered a discount to 20x P/E

Check out what optimusbig has written

Alpha trader ask people to buy at 77c, laugh die me

Hahahhaa, i bet this guy dont really make money in investing, better put your money in fd or start to learn to invest! : )

I duno what are you talking about, every good investors would like more information to support their investment analysis
Fa is used to fundamentally gauge a stock and how far it can go while ta is used for buying and exiting strategies

My article do not suggest that ifca target price is 2.64 but it gives you a perspective on what ifca can potentially move to if everything is on, whether ifca can execute saas is another thing, if they could, that is the potential, please invest based on your own analysis, everythg written here is just an assumption

Pluck from the sky? Haha management is targetting 800clients with average 2 property launches per year, charging at a rate of rm10,000 per month, this will be revealed soon, what wrong with using ta and fa for analysis purposes? As long as it helps people to make money, why need to follow the herd of using only ta or fa? Haha

Gong xi fa chai! Dont worry just some panic sellers who took this chance to sell down for angpow, with mna, china growth and saas, i cant see why ifca cannot trade above rm1.50! Stay invested and watch next week for rebound!

http://klgemseeker.blogspot.com/2015/02/ifca-beyond-organic-growth.html

You guys are dead funny, analyst and investors concern is about future profits, ifca already mentioned they are rolling over rm33m worth of revenue next year, instead of reporting high profit last year, they choose to keep for this year, which is a pretty smart move by the management, cause nobody concern on historical, future is the one that matters, if i can remember cimb target earnings for 2016 is rm32m, that workd out to be rm8m per quarter, which is very conservative

With 10 new offices in china, growth might double again, and given the rollover and implementation of saas, the company might potentially hit more than rm10m per quarter for 2015

That works out to be rm40m conservatively for fy2015! At 21x p/e, it should be worth rm1.70 per piece! This havent included saas revenue, if saas is successful, might be rm2.70

Captured from a friend who works as a dealer, this was written by CIMB

IFCA MK (mkt cap U$140m)
From my meeting with the CEO, Ken Yong, this morning it seems the story has just started for this enterprise software solutions provider. Quarterly margins and profits are expanding rapidly from its scalable model and the launch of SaaS will define a new high for the stock. Earnings forecast are conservative and the 4Q14 results (est Feb 17th) will blow away Nigel's conservative forecast. The inflection point is 2104 and the migration to Main Board by 2016 will be the icing to the cake. Continue to recommend to

BUY

** A change in strategy opens up a huge potential and upside to earnings if SaaS takes off
SaaS stands for Software as a Service, a software rental service using cloud which should be launched by the middle of 2015. With SaaS, mgmt is looking to price its product right, which means pricing it based on project specific basis - ie RM10,000 per project per developer.
Not only that this sum is more palatable than an outright purchase which can costs upwards of RM1m, this would allow IFCA to ride on/benefit from multiple projects that a developer can launch over many years. Conservatively assuming a take up of 10% from a pool of 2,600 developers and 2 projects annually per developer, revenues can increase by RM62.4m and since the model is scalable, GPM can easily match current 80%.

** Rerating from strong results, migration to web based and China potential - CIMB's current forecast very conservative
4Q14 results will be released on Feb 17th and should post a strong results (Q3 RM8.53m, 9mths RM11.953m), likely to come in above RM20m, beating Nigel's forecast of RM19m
With strong potential in web based sign on (only 50+ customers have migrated from window based out of 1,500 Msian developers) the upside could amount to RM725m assuming a revenue of RM500k/developer. Moreover, mgmt is targeting for China contribution to double in FY15 (9M14 China accounts for 29% of total revs) as market share remains thin at 0.2%.

** A triple bagger in the making?
FY16 numbers will be driven by SaaS. If RM63m revenue is achievable and using PBT margins of 80% (since the business is scalable), PAT can hit RM85-90m (Assuming FY15 PAT of RM35-40m, and 25% growth for web based and China in FY16).
This equates to fully diluted EPS of 14.3sen to 15.1sen. using 14sen of 21x FY16, IFCA could trade up to RM2.94. On the aggressive side, if we use mgmt forecast of 2 projects for 2000 developers pa, the revenues from SaaS could reach a whopping RM480m and profits reaching RM300m from this venture alone.

8wpw, CIMB estimates is FY2016, not 2014, IFCA is opening up 10 more selling offices in China this year, so why talk about 2014? Gong hei fatt choy!

Results are within expectation, sales contract breached RM100m on November but results only show RM89m implemented, expected more than RM25m of contracts to roll over to 2015. Dividend policy has been firmed up.

The internet and cloud technology enable software vendors to offer solutions on subscription basis, commonly known as SaaS. We are offering an affordable subscription base price model to customers who do not want to purchase software and hardware upfront. Our SaaS solutions will be the catalyst to lead IFCA to a lucrative recurring income model.

CIMB will retain its BUY call.

Only holders will be rewarded =)

It can move higher than this, kenanga daid if dividend policy is announced then should rerate to rm3 and above

KSL (OP ↔; TP ↔: RM2.76 on FD RNAV): Initiate coverage with OP call as our Analyst prefers the name within this sector, given i) its ability to appeal to mass market, ii) flexibility to pice its products attractively due to its low land costs (land stock bought in 2002-07 periods) and iii) consistent and significant property investment incomes, derives mainly from its KSL City Mall and Hotel in Johore Bahru town centre. Our Analyst has imputed impressive FY15-16 sales assumptions of RM988m-RM993m, which could lead to FY15-16 earnings growth projections of +6% (NP:RM310m) and +12% (NP:RM348m) respectively. Current unbilled sales set at an impressive RM1.0bn providing flexibility of 1 year. Operating with low gearing of 0.01x (9MFY14), funding for its next mixed commercial and residential development/investment in Klang (Total GDV:RM 14.6bn over next 10-15 years) and recent Batu Pahat agriculture land purchase (RM90.6m) should come easy. With recent div declaration (9M14: DPS of 5sen ex 1-for-1 bonus) after a long absent, we forecast FY14 DPS at 11.2sen (Yield 5.2%) and expect a formalisation of dividend policy (c.30% payout?) soon. Valuation is compelling at 5.4x FY15 PE (vs. peers at 7.5x) with TP set at RM2.76 - based on 61% discount applied to its FD RNAV of RM7.07.

Glad you guys topped up, tomorrow is the day!

Hahaha, next TP will be as high as RM1.50 =)

ya, you sell i buy

Wait maybe can buy at 110-115 today or tomorrow, alot of ppl taking their angpows, but they might buy back after seeing the results tomorrow