Posted by GemSeekers > 2 months ago | Report Abuse

6% changing hands , this is interesting . should be announce soon who is the buyer .

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX executive director offloads 6% stake for RM201 mil, ceases to be substantial shareholder

Posted by GemSeekers > 2 months ago | Report Abuse

KUALA LUMPUR (Sept 10): ITMAX System Bhd’s (KL:ITMAX) non-independent executive director Datin Afinaliza Zainal Abidin has ceased to be a substantial shareholder of the smart city integrated system solution provider after disposing of 61.9 million shares.

Afinaliza, through her private vehicle Ganda Sensasi Sdn Bhd, sold the block of shares in off-market transactions on Sept 6 for over RM201.1 million, according to ITMAX's bourse filing on Tuesday. The identity of the buyer was not disclosed.

A check on Bloomberg showed that the shares were transacted in eight blocks at RM3.25 apiece. This is a discount of 1.81% compared to the stock's closing price of RM3.31 on Sept 6.

The disposal reduced Afinaliza's stake in ITMAX to 4.58%, below the 5% threshold required for substantial shareholding status, down from 10.6%.

ITMAX’s remaining substantial shareholders are its non-executive director and major shareholder Tan Sri Tan Boon Hock, along with his son, managing director and chief executive officer William Tan Wei Lun. Together, they control a 53.26% stake through Sena Holdings Sdn Bhd.

Shares in ITMAX closed two sen, or 0.6%, lower at RM3.28 on Tuesday, giving the company a market capitalisation of RM3.38 billion. Year-to-date, the stock has risen by over 83.24%.

Posted by NatsukoMishima > 2 months ago | Report Abuse

Another cut vege stock !

Posted by NatsukoMishima > 2 months ago | Report Abuse

Start dump action already ,u will regret not take profit now !

Posted by GemSeekers > 2 months ago | Report Abuse

may your wish come true , i waiting for it

Posted by treasurehunter > 2 months ago | Report Abuse

ITMAX had clinched 4th Johor car park contract from SEGAMAT MUNICIPAL COUNCIL (MPS) for around 3100 car park lots too

and WIP to cover whole Johor car park
Muar
Pengerang
Pontian
Yong Peng
Kluang
Pasir Gudang
Kota Tinggi
Labis
Simpang Renggam

Posted by GemSeekers > 2 months ago | Report Abuse

TP 5.80 , more to come

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX anticipates significant growth in demand for smart
city solutions, driven by the rapid urbanization process
occurring across Malaysia. Notably, the Malaysian
government has established the Malaysian Smart City
Framework, providing national-level guidelines aimed at
expediting the transformation into smart cities. Therefore,
ITMAX received multiple inquiries from potential
customers regarding the adoption of smart city solutions.
In our steadfast commitment to enhancing our services
for our clients, our research and development (“R&D”)
department has developed 31 artificial intelligence (“AI”)
features. These in-house AI features not only increase
the efficiency in city management but also contribute
to our financial performance. Moving forward, we will
continue to invest in expanding our services portfolio to
maximise the value we deliver to our clients.
Furthermore, we have made significant investments
in our technological infrastructure by upgrading our
AI servers to the DGX H100, one of the most powerful
servers offered by NVIDIA, a leading company in the
design and manufacturing of AI and computer graphics
processors. We are confident that this upgrade will
enhance our capability in the R&D processes, enabling
us to develop tailor-made solutions to address our
clients’ pain points effectively.
In line with our strategy to extend our geographical
footprint, we continue to make strides in our expansion
into Johor, as supported by the numerous contracts we
have secured in Johor over the past year. Besides Johor,
we are actively engaging with other states. In addition,
ITMAX targets to grow its presence in the enterprise
sector, capitalising on the increasing demand in this
market segment.

Posted by GemSeekers > 2 months ago | Report Abuse

LIST OF THIRTY (30) LARGEST SHAREHOLDERS
1. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Private Wealth Management For Sena Holdings Sdn. Bhd.
(12022639) (444576)
430,600,000 41.84
2. Ganda Sensasi Sdn Bhd 109,000,000 10.59
3. Hsbc Nominees (Tempatan) Sdn Bhd
Sena Holdings Sdn. Bhd.
65,000,000 6.31
4. Citigroup Nominees (Tempatan) Sdn Bhd
Cbhk Pbgsg For Sena Holdings Sdn. Bhd
52,000,000 5.05
5. Citigroup Nominees (Tempatan) Sdn Bhd
Exempt An For Aia Bhd.
33,606,200 3.26
6. Cimb Group Nominees (Tempatan) Sdn Bhd
Cimb Commerce Trustee Berhad For Kenanga Shariah Growth Opportunities
Fund (50156 Tr01)
14,006,600 1.36
7. Hsbc Nominees (Asing) Sdn Bhd
Morgan Stanley & Co. International Plc (Firm A/C)
10,558,100 1.02
8. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Manulife Investment Shariah Progress Fund
10,213,100 0.99
ANALYSIS OF
SHAREHOLDINGS
AS AT 29 MARCH 2024
Cont’d
ANNUAL REPORT 2023
143
ITMAX SYSTEM BERHAD (Registration No. 200101008580 (544336-M))
LIST OF THIRTY (30) LARGEST SHAREHOLDERS cont’d
No. Name No. of shares %
9. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Aham Select Opportunity Fund
10,179,100 0.99
10. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Pertubuhan Keselamatan Sosial
(Aff Hwg6939-403)
7,627,000 0.74
11. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Principal Dali Equity Growth Fund
7,306,900 0.71
12. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Lbf)
7,189,400 0.70
13. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Lsf)
7,067,100 0.69
14. Maybank Nominees (Tempatan) Sdn Bhd
National Trust Fund (Ifm Aham) (410195)
7,052,700 0.68
15. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Leef)
6,088,400 0.59
16. Cartaban Nominees (Asing) Sdn Bhd
The Bank Of New York Mellon For Greatlink Asean Growth Fund
5,789,000 0.56
17. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Trustees Berhad For Manulife Investment - Hw Flexi Fund (270519)
5,619,900 0.55
18. Amsec Nominees (Tempatan) Sdn Bhd
Ambank (M) Berhad
5,518,900 0.54
19. Cimb Islamic Nominees (Tempatan) Sdn Bhd
Cimb Islamic Trustee Berhad - Kenanga Syariah Growth Fund
5,211,400 0.51
20. Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Nomura)
5,000,000 0.48
21. Tokio Marine Life Insurance Malaysia Bhd
As Beneficial Owner (Pf)
4,985,000 0.48
22. Maybank Nominees (Tempatan) Sdn Bhd
National Trust Fund (Ifm Kenanga) (410196)
4,881,300 0.47
23. Cimb Group Nominees (Tempatan) Sdn Bhd
Exempt An For Petroliam Nasional Berhad (Acf-Kenanga-Eq)
4,859,700 0.47
24. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Dr)
4,818,500 0.47
25. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Aham Aiiman Growth Fund
4,565,000 0.44
26. Cimb Group Nominees (Tempatan) Sdn Bhd
Exempt An For Petroliam Nasional Berhad (Acf-Affin-Eq)
4,550,700 0.44
27. Amanahraya Trustees Berhad
Pmb Shariah Growth Fund
4,500,000 0.44
ANALYSIS OF
SHAREHOLDINGS
AS AT 29 MARCH 2024
Cont’d
ANNUAL REPORT 2023
144
ITMAX SYSTEM BERHAD (Registration No. 200101008580 (544336-M))
LIST OF THIRTY (30) LARGEST SHAREHOLDERS cont’d
No. Name No. of shares %
28. Cimb Group Nominees (Tempatan) Sdn Bhd
Cimb Commerce Trustee Berhad For Kenanga Growth Opportunities Fund
(50154 Tr01)
4,398,900 0.43
29. Tokio Marine Life Insurance Malaysia Bhd
As Beneficial Owner (Tmef)
4,200,000 0.41
30. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Pertubuhan Keselamatan Sosial
(Uob Amm6939-406)

Posted by GemSeekers > 2 months ago | Report Abuse

from here we can see how strong is the 30 largest shareholders , mostly growth fund .
look like the 6% DBT could be the angel investor that can bring ITMAX to another level .

Posted by Joscylyn > 2 months ago | Report Abuse

Dnt worry, HLIB will be right about Itmax

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX , monitor closely volume and price action . trending up

Posted by GemSeekers > 2 months ago | Report Abuse

time to fly

Posted by GemSeekers > 2 months ago | Report Abuse

TP 5.80

Posted by GemSeekers > 2 months ago | Report Abuse

rockeet

Posted by turbochart > 2 months ago | Report Abuse

3.5 sold. Small gain 350

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX just start bear fruit from early phase develop of smart city . there are a lot of upside .

Posted by GemSeekers > 2 months ago | Report Abuse

https://www.businesstoday.com.my/2024/09/23/itmax-unit-awarded-15-years-concession-for-smart-parking-project/

Posted by GemSeekers > 2 months ago | Report Abuse

ITMax announced that Southmax Sdn Bhd a 65% owned subsidiary had accepted the letter of appointment awarded by Segamat City Council to be the operator of smart parking for 7,637 on street parking spaces which are currently gazetted for a contract period of 15 years.

Both parties are to enter into a contract in respect of the smart parking operation, including all terms agreed upon among the parties.

The implementation of smart parking system will begin on 1 October 2024 with a revenue sharing at the rate of 70% (SSB) and 30% (MPS) for all parking collections including hourly parking, daily parking, monthly parking, season passes and temporary parking rental and parking compounds.

Posted by GemSeekers > 2 months ago | Report Abuse

more to come , TP 5.80

Posted by GemSeekers > 1 month ago | Report Abuse

once break 3.59 going test new high

Posted by klee > 1 month ago | Report Abuse

Likely to sapu all smart parking in johor.
Prime beneficiary of spore johor sez,no wonder unstoppable rise frm ipo pr of 1.07.

Posted by GemSeekers > 1 month ago | Report Abuse

Revenue forecast.
Our back of the envelop calculation takes into assumption of 40%
utilisation rate for 10 hours (8am-6pm) which translates to 4 hours per day. With 6 days
parking operations for 7.6k parking bays at RM0.60 per hour, this translates to RM440k
revenue per month which equals to about RM5.3m per year. Based on the revenue
sharing of 70%-30%, this would garner RM3.7m per annum for ITMAX. With 50%
margin assumption this could lift its bottom line by ~RM1.8m per year. We understand
that this award is only the first phase and there are 2-3k more parking spaces to be
gazetted.

Expansion of its capability.
The revenue generated from the smart parking system
will provide additional recurring income for the group. We remain upbeat and this
development strengthens our belief that this will propel its earnings to the next level. To
note, MPS is the fourth smart parking job win in Johor for ITMAX after securing Majlis
Bandaraya Iskandar Puteri (MBIP) in June 2024 ,Majlis Perbandaran Kulai (MPKu) in
July 2024 and Majlis Daerah Tangkak (MDT) in early September 2024. We see
significant opportunities for the group to expand this service to the other 12 councils.
Assuming a total of 200k parking bays in the greater Johor area, with 6 days parking
operations at 4 hours per day (40% utilisation rate) and RM0.60 per hour, this would
garner average RM11.5m monthly or RM138.2m per year. With the same term of 70%-
30% revenue sharing and 50% margin, this could lift up the group bottom line by
RM48m per year

Posted by GemSeekers > 1 month ago | Report Abuse

somemore with the revival of forest city , outlook of ITMAX is superb

Posted by Lee Ying Yee > 1 month ago | Report Abuse

no qualify PE 50 ?? high earning b high dividend .

Posted by klee > 1 month ago | Report Abuse

Likely to break all time high of 3.67 n explode soon frm the price action.

Posted by klee > 1 month ago | Report Abuse

One of the best johor themed stock
well connected to be able to sapu 4 johor councils parking
sky is limit....

Posted by klee > 1 month ago | Report Abuse

wait for announcement of another piece of good news

Posted by treasure_hunter > 1 month ago | Report Abuse

ITMAX had clinched 5th Johor car park contract from MUAR MUNICIPAL COUNCIL from October 2024
and WIP to cover whole Johor car park

Pengerang
Pontian
Yong Peng
Kluang
Pasir Gudang
Kota Tinggi
Labis
Simpang Renggam

Posted by GemSeekers > 1 month ago | Report Abuse

TP 5.80 , more to come . It just like a cash generate machine .

Posted by GemSeekers > 1 month ago | Report Abuse

Fifth smart parking job win
ITMAX has accepted MPM’s LOA to be the smart parking operator for 8.6k street
parking spaces for a period of 15 years. We remain upbeat and this development
strengthens our belief that this will propel its earnings to the next level. This is
the fifth job win relating to smart parking solution after securing MBIP in June
2024, MPKu in July 2024, MDT and MPS in Sept 2024. With this, we are confident
that the group would be able to expand its reach to another 11 districts in Johor.

Posted by GemSeekers > 1 month ago | Report Abuse

We opine that ITMAX deserves a premium valuation as it has unique direct exposure
to the AI theme, especially at the application level. We believe that this home-grownsmart city integrated system and solution provider is a compelling case given its multiyear growth potential on the back of solid order and tender books.

Posted by GemSeekers > 1 month ago | Report Abuse

multi baggers in the making

Posted by GemSeekers > 1 month ago | Report Abuse

no wonders FUND keep sapu

Posted by minichart > 1 month ago | Report Abuse

ITMAX continues to build a solid orderbook, leveraging AI technologies and unique database systems for competitive advantage. The company sees multi-year growth potential across Kuala Lumpur, Johor, and Penang, driven by smart city solutions, AI-enhanced services, and expansion into new regions. The stock is recommended as a BUY with a target price of RM4.10, reflecting a projected upside of 13.5%.

https://www.minichart.com.sg/2024/10/09/unlocking-itmax-systems-growth-potential-through-smart-city-innovations/

Posted by GemSeekers > 1 month ago | Report Abuse

is coming , break 3.67 will rocket to the moon

Posted by GemSeekers > 1 month ago | Report Abuse

no doubt CCTV video surveillance , smart LED lighting is poised to grow significantly to become smart city .

Posted by GemSeekers > 1 month ago | Report Abuse

from here we can see how strong is the 30 largest shareholders , mostly growth fund .
look like the 6% DBT could be the angel investor that can bring ITMAX to another level .

FUND is cornering this stock , going to the moon .

Posted by GemSeekers > 1 month ago | Report Abuse

that why 6% transaction for the price 3.40 , is a wild card now. something great must be on the way .

Posted by GemSeekers > 1 month ago | Report Abuse

break 4.00 will be just a blink , lets go !

Posted by klee > 1 month ago | Report Abuse

this is a cornered stock,operator not in a hurry at all
one by one the smart parking in johor councils kena sapu
later spread to KL n penang too
final target shud be rm5,then split 1 into 5
this is how the well connected get richer

Posted by Joscylyn > 1 month ago | Report Abuse

After Budget 2025, RM4 😃

Posted by troy88 > 1 month ago | Report Abuse

Still one of the very few tech stocks in bursa that is resilient when the others mostly dumped like toilet paper..

Posted by kelvinsia39 > 1 month ago | Report Abuse

What is happening today? The stock performance is not updated today - something wrong with the investor i3 system?

Posted by turbochart > 1 month ago | Report Abuse

3.7sold.small gain 200.

Posted by treasure_hunter > 1 month ago | Report Abuse

Opportunity for ITMAX from Budget 2025
1) RM178 million is allocated for the installation of new streetlights and smart traffic lights on federal roads nationwide.
2) 180 high-definition CCTV cameras and 45 emergency buttons will be installed in Putrajaya and Labuan to enhance safety levels.
3) Projects to build and repair bridges, as well as install and maintain village streetlights, will continue with an allocation of over RM350 million.
4) The government will announce a special incentive to attract quality investments and offer high-value jobs in the Johor- Singapore Special Economic Zone by the end of this year.
5) The government has approved Forest City in Johor as a Duty-Free Island to support tourism and local economic activities.

Posted by Joscylyn > 3 weeks ago | Report Abuse

Looking at current market condition, it's really nice trade, turbochart

Posted by abcb > 2 weeks ago | Report Abuse

Sell all and take profit, overvalued right now. May possibility drop to below 3.00
NTA:0.36
PE Ratio:51.3 RPS only 0.068

Posted by Joscylyn > 6 days ago | Report Abuse

ITMAX got strong order books. No need to worry about it