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2015-06-12 11:10 | Report Abuse
Ozzie,
Love your statement, "Frankly, it doesn't matter. It's just stocks. I can't be living in fear 24/7 if I choice to be in IFCA or anywhere else, agree? Don't worry about me, I can afford it. "
2015-05-25 23:03 | Report Abuse
WELCOME BACK CFO Mr CHOW CHEE KENG !!!!
Mr. Chow was the Chief Accountant of IFCA MSC Berhad (IFCA) from early 2007 until middle of 2009. After pursuing other interests for a few years, he rejoined IFCA and was appointed Chief Financial Officer of IFCA effective 1 February 2013. On 31 December 2014, he was redesignated to a new position as Head of Education & Training Division of IFCA.
Thank you Mr Chow for leading the Education & Training Division of IFCA for the past one and a half year. We see all your efforts!! PHEW!!!! GOOD JOB!!!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4750009
2015-05-22 12:54 | Report Abuse
More modules under SaaS?
One positive surprise from the 1Q15 briefing was management’s indication
that it plans to launch seven software modules under SaaS. The company also
expressed its bullishness about its recently proposed Indonesia acquisition. We
maintain our EPS forecasts and target price (21x FY16 P/E, in line with
domestic peers). The stock remains an Add. Potential catalysts include
completion of the acquisition of its Indonesia distributor and
higher-than-expected take-up rates for SaaS.
What Happened
At the 1Q15 briefing, management revealed a positive surprise: IFCA is looking
to launch seven software modules under service as a software (SaaS) in
Malaysia, more than the three modules it had indicated last month. IFCA also
talked about Indonesia’s potential. There are two major areas of growth in
Indonesia: i) migration from Windows-based platform to mobile-based
platform. Currently, all customers are under the old Windows-based platform,
and ii) SaaS to target the smaller developers. Over the past 20 years, IFCA’s
distributor in Indonesia, PT IFCA Consulting Indonesia (PICC) has built its
market share to a dominant 80% in Indonesia from just the sale of two
software modules, property sales and property rental modules.
What We Think
Indonesia offers great potential and with the right strategy, sales from this
country could be larger than Malaysia’s revenue. The country’s population of
around 240m is more than 8x that of Malaysia and Indonesia needs 800,000
new houses to meet demand annually. The company has in total 13 software
modules under its umbrella and PICC only sells two modules in Indonesia. We
expect IFCA to offer more modules for the Indonesia market in the coming
months. On the subject of SaaS, the launch of seven software modules under
SaaS in Malaysia indicates that management is serious about growing its
recurring income through SaaS. IFCA has a software module for the domestic
construction and engineering market and demand should be strong among the
contractors as most do not have proper accounting systems which are GST
compliance.
What You Should Do
Remain invested in the stock. Its share price came under selling pressure
yesterday, which is not a surprise as the stock’s trading pattern is usually “buy
on rumours, sell on news”. Further price weakness would be an opportunity to
accumulate.
2015-05-22 12:49 | Report Abuse
For your info, it is hot from CIMB!!
>What You Should Do
Remain invested in the stock. Its share price came under selling pressure
yesterday, which is not a surprise as the stock’s trading pattern is usually “buy
on rumours, sell on news”. Further price weakness would be an opportunity to
accumulate.
http://research.itradecimb.com/index.php?ch=5013&pg=5014&ac=77565&bb=file
2014-04-22 19:19 | Report Abuse
TDM Berhad is pleased to propose a first and final dividend of 1 sen per ordinary share, tax exempt under the single-tier system in respect of the financial year ended 31 December 2013, subject to the shareholders' approval at the forthcoming 49th Annual General Meeting.
Stock: [IFCAMSC]: IFCA MSC BHD
2015-10-30 15:44 | Report Abuse
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