What We Think
The launch of MyMotor was a positive surprise to us as this could be another
money maker for the company. The company’s strength is its ability to add
commercial services that layer on top of government services, such as selling
compulsory foreign workers insurance within the foreign worker permit
renewal service (FWPR). The annual size for the used and new car market is
around RM40bn and management revealed during our discussions that in
three years, the company is targeting 10% market share or RM4bn transactions
through MyMotor. Assuming 2% commission charges, potential annual
revenue could be RM80m. Assuming 40%-50% net profit margin, potential
annual profit from MyMotor is RM32-40m. This does not potential earnings
from selling through MyEG online car insurance online, road tax renewals and
customers using its current voluntary online vehicle transfer services (VVTS).
However, it is still too early to assume any earnings potential from My Motor.

What Happened
On Thursday, MyEG launched its new automotive portal www.mymotor.my
(MyMotor). MyMotor will offer an integrated transactional online solution to
vehicle ownership, something different from the current traditional automotive
online classifieds market. Through a wider buyer and seller network, MyMotor
can search for the best deals for both parties. In addition, MyEG will ensure
cars listed for sale are verified and provide a comprehensive one-stop solution
for all transactions. MyMotor also provides a free listing service for car sellers,
beginning yesterday. Buyers and sellers can use MyMotor for free and only pay
a commission when the sale is completed, believed to be 2-5%, depending on
the vehicle.

New way to sell thru MyMotor?
MyEG’s MyMotor launch was a positive surprise to us as this could be another
major income earner for the company in the next few years. We maintain our
EPS forecasts and target price, based on an unchanged 21x CY16 P/E, in line
with its peers’ average. The stock remains an Add. Potential re-rating
catalysts are the successful launch of its customs service tax monitoring
(CSTM) project by year-end and strong earnings from the online foreign
worker permit renewal service (FWPR)

1.22 support

ken yong bought 1.5 and 1.1x

avg about 1.25.......my agaration.

Please correct me if you more accurate info.

Big THANK YOU to CS for the updates. :)

@CS, please help us to ask Ken Yong MB Transfer. thx.

22 May.

If you want I can upload.

Hold period 6-12 months

affin gave 2.45

newbie buy mother better...

30th jun dividen

stop asking when is agm.
google always the best guru.

http://www.leinvest.com/ch/meeting-schedule.html#.VYKk2XDEmK0

sgd rm 2.785 money changer

everytime the price @ 0.x2 sure stuck abit. anyone can tell why?

0.62/0.72/0.82/0.92/1.12...etc

Homily chart show up signal after 20 days drop.

10k+ 1.12 down within sec

Q2 result is to see china real revenue due to Q1 is long holiday.
Q3 result see How SAAS initial kick start play revenue.
Q4 result see how Indonesia market revenue contributed.
with 3 above, MB transfer should be ready.

I am not sure theedge

but both Chinese paper cover is this morning.

http://www.nanyang.com/node/707419?tid=462

cant find the chinapress link

CIMB TP2.04

chinapress and nanyang today cover ifca.

year end MB transfer as per today news

ff is back.althought the amount is not great.
but ff is negative since 11mp announced.

agm 19th

same TP 2.04 ... 124%

What You Should Do
The recent selldown offers investors a great opportunity to accumulate the
stock which is trading at only 9.1x FY16 P/E. Maintain Add.



Selling climax?
Over the past month, IFCA’s share price has halved from the RM1.87 peak in
May 2015. We think that the stock experienced a “selling climax” on Tuesday
morning when close to 50m shares were traded in the first hour. The daily chart
showed the share price rebounding after testing its immediate support
trendline at RM0.79. The daily RSI is also oversold at 26. The weekly chart
shows that the stock is trying to find support at RM0.97, which is the 50%
retracement of the major uptrend. The 38.2% retracement for the stock is at
RM1.18.

What We Think
We think that the worst is over for IFCA’s share price after the sharp decline
over the past month. The company’s fundamentals remain strong. While 1Q15
revenue and profit were driven by domestic GST software upgrades, earnings
over the next few quarters will be driven by China, domestic customers’
migration from Windows to mobile-based platforms and service as a software
(SaaS). In 2016, IFCA should see higher contribution from Indonesia. In May,
IFCA launched SaaS, which basically involves the renting of software. SaaS is a
growing trend worldwide and we expect this trend to pick up quickly in
Malaysia. We are only factoring in an average of 50 new subscriptions every
month this year, rising to an average of 300 in 2016. The monthly subscription
fee is around RM5,000. Indonesia also offers great potential as 80% of
developers in that country use IFCA’s software and they are still on the
Windows-based platform. There is huge potential from their move to a
mobile-based platform and adoption of SaaS. We have not assumed any
potential earnings from Indonesia.

What Happened
IFCA MSC’s share price has halved over the past month. One of the likely
reasons for the steep fall is the resignation of its CFO, Philip Voon at end-May,
just after the company announced the proposed acquisition of its Indonesian
distributor PT IFCA Consulting Indonesia (PICI) for RM32m via RM16m cash
and RM16m in IFCA shares. At end-May, we organised a conference call with
management to clarify this matter. Philip indicated during the conference call
that he was leaving IFCA to pursue another career and there was no
disagreement with management on the company’s financials or financial
results. He stressed that there were no accounting irregularities in IFCA’s
financial statements.

Selling climax
IFCA’s share price may have experienced a major “selling climax” on Tuesday,
after falling 50% in the past month. As the company’s fundamentals remain
strong and unchanged, we maintain our Add rating, EPS forecasts and target
price (21x FY16 P/E, in line with domestic peers). Potential catalysts include
higher-than-expected take-up rates for SaaS and finalisation of the
acquisition of its Indonesia distributor.

is a direct download link.....
http://we.tl/GNi1BkqHH3

http://we.tl/GNi1BkqHH3

Share88888 Cimb got report?....if got can share?

16/06/2015 15:36

check my dl link

http://we.tl/GNi1BkqHH3

Selling climax
IFCA’s share price may have experienced a major “selling climax” on Tuesday,
after falling 50% in the past month. As the company’s fundamentals remain
strong and unchanged, we maintain our Add rating, EPS forecasts and target
price (21x FY16 P/E, in line with domestic peers). Potential catalysts include
higher-than-expected take-up rates for SaaS and finalisation of the
acquisition of its Indonesia distributor.

agm 19th

rebounced

just happen buy force over pass sell force

KLCI open 1747

KLCI outlook
R3: 1775
R2: 1769
R1: 1746
Current: 1729
S1: 1717
S2: 1700
S3: 1690

AT no need wait next month.
their agm is coming at 19th Jun

ecs is disty for it hardare software while ifca is softare solution house.

IFCA genarate the IT value itself while ECS is depend new product to genarate the value.

ECS also depend their channel to sell.....retail sales is slow after gst.

disty always have stock ageing and discrepancy issue.

1.31 / 1.32 keep sapu by some one

KLCI outlook
R3: 1775
R2: 1769
R1: 1751
Current: 1740
S1: 1733
S2: 1722
S3: 1715

http://bursamalaysiadailytradestatistics.blogspot.sg/2015/06/20150601-20150605-bursa-malaysia-weekly.html

ff fast2 come back

http://www.pocketimes.my/node/2582

USD RM = 3.78
SGD RM = 2.78

FF and retail selling more than buy since 11mp annouced.
left local insttitution buy more than sell.

If tmr FF come back = up else.........

News: 1MDB repays US$975m loan, says Arul Kanda

since 11mp till now. ff all sell more than buy same to retail fund.
left local institution buy

MacD turn longer green

R3: 1778
R2: 1769
R1: 1751
Current: 1745
S1: 1733
S2: 1722
S3: 1715

HLB