Avid traders on IFCA stock, not worth holding. actual price value 0/30-0.40. The price went up each time there is good demand of development such as the government's policy like einvoice. Then it waterfall to rock bottom again. Time to exit imho. gud luck
Sin Chew News: IFCA Q2 Results revenue soars_Cover-01 Kuala Lumpur, 20th August – The significant increase in revenue from Malaysian operations has driven IFCA MSC Berhad (IFCAMSC, 0023, ACE Market Technology Sector) to report a surge in net profit for the second quarter ended June 30, 2024, rising by 893.51% to RM5.514 million, compared to RM555,000 in the previous period.
Net profit for the first six months also jumped by 765.13% to RM7.319 million, compared to RM846,000 in the previous period.
The second quarter’s revenue increased by 56.86% to RM29.151 million, while revenue for the first six months grew by 32.49% to RM47.724 million.
IFCA MSC Berhad announced in a statement that the increase in revenue for the first six months was mainly attributed to contributions from Malaysia (71%) and Indonesia (5%), despite a decline in revenue from China (9%).
Revenue from Malaysian operations expanded due to the acquisition of new customers, software upgrades, and increased orders and billing for e-Invoicing compliance, while revenue from Indonesia continued to grow.
As revenue increased by 32.5% in the first half, operating expenses only saw a slight increase of 6%, leading to higher operating margins and profitability.
Looking ahead, the company stated that its Malaysian operations have been actively conducting nationwide e-Invoicing campaigns since the beginning of this year, which received overwhelmingly positive responses, significantly boosting e-Invoicing orders and more than doubling sales orders.
However, the China operations continue to face challenges due to difficulties in the property sector.
As of June 30, the group’s order book stood at RM47.3 million, and the board is optimistic about delivering a stronger performance in the 2024 fiscal year.
Malaysia weighs bringing back consumption tax to boost finances — Bloomberg By Netty Ismail, Ram Anand & Niluksi Koswanage / Bloomberg 28 Aug 2024, 06:24 pm
main news image There is an emerging view in government that imposing GST may be politically easier than removing subsidies for popular RON95 petrol since the Southeast Asian country is an oil producer and most Malaysians consider cheap petrol to be a necessity, people familiar with the matter said. (Aug 28): Malaysia is weighing the return of a broad-based consumption tax instead of implementing subsidy cuts for a commonly-used gasoline as the government seeks to bolster its finances, according to people familiar with the matter. Prime Minister Datuk Seri Anwar Ibrahim’s Cabinet has been discussing the viability of bringing back the goods and services tax (GST), the people said, asking not to be identified as the information is private. No decision has been reached given the political sensitivities, they added. There is an emerging view in government that imposing GST may be politically easier than removing subsidies for popular RON95 petrol since the Southeast Asian country is an oil producer and most Malaysians consider cheap petrol to be a necessity, the people said.
Avid traders on IFCA stock, not worth holding. actual price value 0/30-0.40. The price went up each time there is good demand of development such as the government's policy like einvoice. Then it waterfall to rock bottom again. Time to exit imho. gud luck
you monitor yourself lah to whoever still dreaming. it's like free fall without any support or volume. once it goes up a little immediate sell volume comes in big
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Novice296
134 posts
Posted by Novice296 > 2 months ago | Report Abuse
@kusatsu check message above.