IFCA MSC BHD

KLSE (MYR): IFCAMSC (0023)

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Last Price

0.23

Today's Change

0.00 (0.00%)

Day's Change

0.23 - 0.235

Trading Volume

434,000


59 people like this.

53,255 comment(s). Last comment by DickyMe 3 days ago

Bullkobear

279 posts

Posted by Bullkobear > 2021-02-19 11:28 | Report Abuse

Slow but steady... sikit sikit lama lama jadi bukit....

2017win

234 posts

Posted by 2017win > 2021-02-19 12:47 | Report Abuse

later probably fly ya

snake_eye

928 posts

Posted by snake_eye > 2021-02-20 16:42 | Report Abuse

let see how ifca performance next week..can it fly high...

dawchok

416 posts

Posted by dawchok > 2021-02-20 16:46 | Report Abuse

Will add more next week if there is an correction. Strongly believe Ifca will fly high with 2 strong supporting assumption.

2017win

234 posts

Posted by 2017win > 2021-02-20 16:52 | Report Abuse

Few days consecutive Green. Unlikely to drop much as many fresh entry last few days. Pray hard to hit RM0.5 next week

Posted by Investing_Bursa > 2021-02-20 21:47 | Report Abuse

Chart turning bullish, if breaks 43/44 sure lari d

ming

2,001 posts

Posted by ming > 2021-02-21 23:50 | Report Abuse

Hoot

Posted by alexlee06037 > 2021-02-22 01:53 | Report Abuse

Few software company start goreng already next will be ifcamsc...

snake_eye

928 posts

Posted by snake_eye > 2021-02-22 14:25 | Report Abuse

but I like if ifca down for another few days/weeks

hueyyng27

295 posts

Posted by hueyyng27 > 2021-02-22 15:40 | Report Abuse

what is the support level? RM0.41?

chesslim

888 posts

Posted by chesslim > 2021-02-22 21:12 | Report Abuse

记住,当别人恐惧时你要贪婪。

dawchok

416 posts

Posted by dawchok > 2021-02-23 16:07 | Report Abuse

Added IFCA again at 0.40.

chesslim

888 posts

Posted by chesslim > 2021-02-24 12:48 | Report Abuse

I added 0.395 just now, good job.

Happy_Sad

125 posts

Posted by Happy_Sad > 2021-02-25 10:43 | Report Abuse

I give you 1 more week before I cut you.

Vess88

104 posts

Posted by Vess88 > 2021-02-25 19:29 | Report Abuse

This management literally incompetent... Everything also delay... MOU now quarterly result...

dawchok

416 posts

Posted by dawchok > 2021-02-25 21:56 | Report Abuse

Disagree.

chua

672 posts

Posted by chua > 2021-02-25 22:00 | Report Abuse

dawchok, y disagree? Do u have any news?

Vess88

104 posts

Posted by Vess88 > 2021-02-25 22:56 | Report Abuse

put it this way... investors do not like this kind of news... delay in FS... this is the bottomline... if MCO is one of the reason, why other PLCs dont encounter such problem? IFCA's business model a rocket science?

Vess88

104 posts

Posted by Vess88 > 2021-02-26 19:22 | Report Abuse

This part I'm beg to differ... However, this just show an incompetent of management or BOD instead of financial losses. Anyhow the delay sometime might reflect the chance of creative accounting.

chesslim

888 posts

Posted by chesslim > 2021-03-01 16:46 | Report Abuse

记住,当别人恐惧时你要贪婪。

Vess88

104 posts

Posted by Vess88 > 2021-03-01 19:09 | Report Abuse

No wonder delay in FS. Change of director. Looks good, a younger one with better experience.

chesslim

888 posts

Posted by chesslim > 2021-03-02 21:26 | Report Abuse

good result will out.

dawchok

416 posts

Posted by dawchok > 2021-03-04 08:56 | Report Abuse

The owner knows if it is in profit or loss, but he will definitely not tell you. Enemy of the company tells you that the company is to make a big loss, but the fact is that the enemy will never know the actual performance of the company.

Happy_Sad

125 posts

Posted by Happy_Sad > 2021-03-04 14:59 | Report Abuse

Hoping for bad Qr come. Good result normally will drop for sure...

John1234

2,020 posts

Posted by John1234 > 2021-03-08 20:10 | Report Abuse

Yes, I have said it. Once the economy recovers following the vaccine rollout, chances for GST implementation(an added bonus) could be reevaluated in a more positive light.

Today, broader market was weak. And yet, it did not drop to 37 sen, my target buy price. Chartwise, it looks oversold. I am still waiting. Lol..
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Stock: [IFCAMSC]: IFCA MSC BHD

Jan 22, 2021 8:33 AM | Report Abuse

Govt could reevaluate GST, improve its implementation — MIDF
https://www.theedgemarkets.com/article/govt-could-reevaluate-gst-impro...

John1234

2,020 posts

Posted by John1234 > 2021-03-09 12:27 | Report Abuse

Still hovering around 38/38.5 sen. Mkt operator sees no compelling reason to slash the price down yet. 37 sen seems so near and yet so far for me. Lol..
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5c0160 hopeless, 032 soon

John1234

2,020 posts

Posted by John1234 > 2021-03-09 17:43 | Report Abuse

Let's analyse the trading stats today to assess what actually happened.

It closed at 38 sen. Today's tradings were mainly done at 38 sen(2,667,900 shares traded or 71.3%). If really such a big chunk of shares had been thrown down at 38 sen, the price would have dropped more, to say 37 sen(my queued price). But it did not. Apparently, sellers' vol was not big and the operator was hoping to churn such a big vol at 38 sen to induce/keep the small number of disposed shares from the weak/contra holders.

Just my views, before the release of last quarter's result.
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lrbvuop Delay in Q4 but SP stagnant. why ?

John1234

2,020 posts

Posted by John1234 > 2021-03-09 22:53 | Report Abuse

八点最热报 09/03/2021 税收比例下降 我国有必要重启消费税?
https://www.youtube.com/watch?v=b3v_aTF4kXg

Happy_Sad

125 posts

Posted by Happy_Sad > 2021-03-10 15:47 | Report Abuse

Gogogo....my retire plan counting on you....

John1234

2,020 posts

Posted by John1234 > 2021-03-10 16:00 | Report Abuse

39.5/40 sen now. Trading stats do not lie. My analysis has proven right that the operator was accumulating(instead of selling) at 38 sen. Anyway, congrats to those who are still holding...

Never trust what we see. We need to always analyse and do our homework!

Posted by Investing_Bursa > 2021-03-10 17:12 | Report Abuse

Why need to load when it could break out ?

DickyMe

12,740 posts

Posted by DickyMe > 2021-03-11 12:06 |

Post removed.Why?

Posted by Investing_Bursa > 2021-03-11 14:58 | Report Abuse

Wow moving up !

Posted by shareprofit > 2021-03-11 16:21 | Report Abuse

joke, welcome to be trapped

Posted by Investing_Bursa > 2021-03-11 16:37 | Report Abuse

If going up everyday, it’s good to be trapped ....lol

5c0160

1,763 posts

Posted by 5c0160 > 2021-03-11 21:20 | Report Abuse

Operator trap ikan bilis everyday. LOL

Happy_Sad

125 posts

Posted by Happy_Sad > 2021-03-16 15:11 | Report Abuse

come on....wake up please....

Posted by Investing_Bursa > 2021-03-16 18:58 | Report Abuse

Coming soon

Posted by Investing_Bursa > 2021-03-17 10:46 | Report Abuse

Good time to top up

zhm540

2,416 posts

Posted by zhm540 > 2021-03-17 16:14 | Report Abuse

Yes, GST is coming back. Good news for IFCA

Hafid

1,130 posts

Posted by Hafid > 2021-03-18 13:48 | Report Abuse

0.50

Posted by Abd Rahim Osman > 2021-03-18 17:13 | Report Abuse

Wayang habis

5c0160

1,763 posts

Posted by 5c0160 > 2021-03-18 18:12 | Report Abuse

Be ready with the coming delay QR with big losses.

Posted by Abd Rahim Osman > 2021-03-18 18:34 | Report Abuse

Dont worry
GST just bonus for IFCAMSC
QR result will be ok since china has improved

Bullkobear

279 posts

Posted by Bullkobear > 2021-03-18 18:42 | Report Abuse

Bad news is good news

Posted by Huiyee95 > 2021-03-19 10:59 | Report Abuse

Anyone here invest in ifca not becoz of GST???

Ex- CEO during interview in 2017 has told that ifca not relying on revenue from GST anymore. Instead, investor should expect more from ifca.

The reason for me to invest in ifca
1. ROE growth YoY due to the growth in profit margin as Ifca exit the low profit margin hardware business in 2019 and focus solely on software business. This move has slightly decrease the revenue but improve the profit margin profile.

Besides, transforming the business from sales of software to renting software (SaaS) has seem temporarily decrease the revenue YoY but it will contribute stable recurrent income yearly for ifca in future. SaaS revenue of ifca has growth over 85% YoY as of 2019. SaaS business definately has higher profit margin profile than ifca traditional on premise ERP business.

3. We can expect revenue growth from launching of many cloud products from ifca recently. From my observation, ifca China team has proved to be more efficient. Since last year Feb, ifca has successfully launched 6 cloud products and has secured at least 5 big projects for their cloud products since product launching. If you read the quarter reports, you can see Ifca earning in 2020 mostly depending on China operation as Malaysia and Indonesia operation affected by MCO badly. However, if you follow ifca social website, can see Malaysia operation has actively come back into track in 2021. Thus, we can expect revenue growth in 2021 when all China, Malaysia and Indonesia business growth post pandemic as digitalisation of the business especially enable mobility is no longer a nice to have things but already become a must have things in order for them to stay competitive.

4. Based on past year record, Q4 earning is usually the highest among four quater due to ifca's customer payment mode. However, I do not has high expectations for coming QR as the earning mostly contribution from China operation only. Instead, I expect the Q1 2021 that going to release on May will improve the EPS significantly when compared to loss RM-2.7 mil in Q1 2020.

5. However, every investment come with risk. The biggest risk that I found in ifca is Indonesia operations not able to catch up the trend and continue to rely on traditional ERP business. But this will not affect the current revenue so much as indonesia operation only contribute 11% to the ifca current revenue. But if this happen, it will affect the PE valuation in future as acquisition of Indonesia business carry Goodwill of RM20 mil. However, once ifca indonesia able to pick up the trend, the business potential in Indonesia will be much much much bigger than Malaysia based on its 270 mil population size and most of the property developers in Indonesia still using the old version window based software and will upgrade their software eventually.

5. Second risk is the company management problem. Currently still no new CEO has been appointed since the ex-CEO left in 2019. If ifca can solve this
problem soon, I believe investor will have more confident with the top management.

6. Not forget to remind everyone that ifca actually has fulfilled the criteria to transfer into mainboard. Personally believe that in order to gain more reputation for it's business, ifca high chance will transfer to main board in near future. The new appointed director
has vast experience in these field.

Last coming back to GST, the implementation of GST will significantly improve the EPS and PE valuation for ifca. But it is nice to have but ifca business not solely relying on GST anymore.

Personally, my target price for ifca at least above RM1 in 2022 even if government not implement new tax regime in future. It is just a extra bonus if there is new tax regime.

Above just my very shallow opinion based on the very limited info that I have gathered. Trade on your own risk k.

Posted by Abd Rahim Osman > 2021-03-19 15:34 | Report Abuse

Dia sudah kenyang makan RM0.39-RM0 40
Minggu depan.. Ada harapan

Mike Jcy

597 posts

Posted by Mike Jcy > 2021-03-20 12:45 | Report Abuse

Haha....@5c0160 when I saw your msg as oway gv bad comment to this counter mean we shld buy more v wait for fortune....haha

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