Posted by GemSeekers > 2 months ago | Report Abuse

if secured all , ITMAX going to the roof . buy before too late

Posted by pang72 > 2 months ago | Report Abuse

Really? HLG revise tp 4.70..

Hosei lo

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX system

Additional 5k CCTVs installation for DBKL
ITMAX has secured a RM539.5m contract from DBKL to install an additional 5k
CCTVs in Kuala Lumpur. The contract spans for 10 years, comprising a one year
installation phase followed by 9 years subscription phase. We view this
development positively as this provides (i) longer visibility of its recurring income
stream and (ii) a testament of its technological leadership and QoS. We strongly
believe that ITMAX is in a prime position to get the remaining 10k CCTV contracts
over the coming years. We raise our FY26f earnings by 17% to impute in the job
win. After earnings adjustment and raising our PE assumption to 45x (from 40x),
our TP increases to RM4.71 based on FY26f EPS. Reiterate BUY.
NEWSBREAK
The deal. ITMAX has on 15 August 2024 secured a Variation Order (VO) dated 9
August 2024 awarded by Dewan Bandaraya Kuala Lumpur (DBKL) in respect of the
Contract of “Kerja-kerja Membekal Perkhidmatan Penggunaan Sistem CCTV dan VMS
Integrated Transport Information System (ITIS) Secara Sewaan Tahun 2021/2026
(2018/A051)” (Main Contract). The contract involves the installation of additional 5k
CCTVs in Kuala Lumpur (KL) for a period of 120 months which comprises of 12 months
installation period and 108 months subscription period for a contract value of
RM539.5m. The commencement date will be fixed according to the work program
agreed upon by ITMAX and DBKL.
HLIB’s VIEW
Stronger footing in DBKL. We view this development positively as this provides (i)
longer visibility of its recurring income stream and (ii) a testament of ITMAX’s
technological leadership and quality of service (QoS). This 5k additional CCTVs
installation also comes as a surprise as DBKL historically only adds 1k CCTVs per year.
Additionally, note that this is a longer contract period of 9 years from DBKL, compared
to the previous duration contracts of 6-7 years.
More to come. With this expansion, ITMAX’s video surveillance system will now
encompass 10k CCTVs, seamlessly connected through its fibre optic network
infrastructure across KL. In July 2024, Deputy Prime Minister Datuk Seri Ahmad Zahid
Hamidi quoted that DBKL requires at least 20k CCTVs cameras installed throughout
the city to monitor crime and traffic congestion. With this news, we are confident that
ITMAX is in a prime position to get the remaining 10k CCTV contracts when rolled out
over the coming years.
Expecting higher margin. Although these additional 5k cameras’ rental is lower at
RM1k per month (vs existing’s circa RM1.1k-1.2k per month), we opine they will yield
higher margins as the incremental cost for command centre and fibre optics will be
much lower by using the existing facilities.
All-time high order book. With this addition, it has a total unbilled order book of
RM1.5bn which will be recognised progressively up to May 2039. As end of 1Q24,
ITMAX’s tender book stood at circa RM300-400m.
Forecast. We raise our FY26f by 17% to impute in the job win.
Reiterate BUY with higher TP of RM4.71 (from RM4.00). After earnings adjustment and
raising our PE assumption to 45x (from 40x), our TP increases to RM4.71 based on
FY26f EPS. We believe that this home-grown smart city integrated system and solution
provider is a compelling case given its multi-year growth potential on the back of solid
order and tender books.

Posted by GemSeekers > 2 months ago | Report Abuse

just released , still hot .

Posted by pang72 > 2 months ago | Report Abuse

Thank you very much...

$4.70 on the way lo

Posted by GemSeekers > 2 months ago | Report Abuse

TP 4.71 , more to come . impressive

Posted by pang72 > 2 months ago | Report Abuse

$3.43... Now..
We got $1.30 profit to $4.70 if entering now..

What a beautiful entry price!!

Posted by pang72 > 2 months ago | Report Abuse

Another AI counters mostly unaware by investors...
But, I am aware because I am different mah

Posted by pang72 > 2 months ago | Report Abuse

I give you till 430pm to turn green... OK!

Posted by GemSeekers > 2 months ago | Report Abuse

good fundamental , good earning visibility . what to worry . just lock in fridge. bonus issue might be coming soon

Posted by pang72 > 2 months ago | Report Abuse

I will certainly hold till $4.70.
It is matter of time


Thanks you for advise..
Yes! Potential bonus by year end

Posted by pang72 > 2 months ago | Report Abuse

$3.42 good closing.. woth rm500mils job award..

Posted by speakup > 2 months ago | Report Abuse

All willow investors sold willow to masuk itmax

Posted by pang72 > 2 months ago | Report Abuse

Really? Then, ITMAX Hosei lo

Posted by troy88 > 2 months ago | Report Abuse

Previous HL TP smashed so easily. Next one will also get smashed!

Posted by GemSeekers > 2 months ago | Report Abuse

once additional contract get , will revised again , my TP 5.80

Posted by pang72 > 2 months ago | Report Abuse

Buy in dip liao..
No wait liao..
Correction over will be $4.70

Posted by GemSeekers > 2 months ago | Report Abuse

time to collect

Posted by GemSeekers > 2 months ago | Report Abuse

itmax float share only 371m .

Posted by pang72 > 2 months ago | Report Abuse

Hihi..
Investors don't dare to sell more...
Because, they will buy back in higher price later

Posted by pang72 > 2 months ago | Report Abuse

Chinese version of HLG IB report for to $4.70

Posted by GemSeekers > 2 months ago | Report Abuse

upbeat on getting more contract TP 5.80

Posted by pang72 > 2 months ago | Report Abuse

Agreed that next 500mils contract will revise the TP to $5.80 instead

Posted by pang72 > 2 months ago | Report Abuse

Correction so fast finished. Time for $4.70

Posted by troy88 > 2 months ago | Report Abuse

Despite tech stocks in bursa getting bashed, this one still standing strong. The IB analyst was right that itmax is in a recession proof business. Resilient!

Posted by pang72 > 2 months ago | Report Abuse

Bitcoin lagi...

Adui....

Posted by pang72 > 2 months ago | Report Abuse

Invest AI cctv to prevent bitcoin crime better la

Posted by GemSeekers > 2 months ago | Report Abuse

big boy just mop all 3.40 big block , gonna fly again

Posted by troy88 > 2 months ago | Report Abuse

Once tech go back on bull run later, this stock is gonna smash RM4 easily to HL new TP

Posted by GemSeekers > 2 months ago | Report Abuse

3.40 changing hands , hoseh liao

Posted by GemSeekers > 2 months ago | Report Abuse

buy with ease of mind if management is good such as itmax , AWC , sealink , dxn , etc

Posted by AlphaAdventurer > 2 months ago | Report Abuse

Buy call from research house

https://www.thestar.com.my/business/business-news/2024/08/20/recent-wins-point-to-growth-potential-for-itmax

Posted by GemSeekers > 2 months ago | Report Abuse

https://www.businesstoday.com.my/2024/08/27/solid-orders-reflects-itmax-1h-profit-jumping-22/

Posted by GemSeekers > 2 months ago | Report Abuse

Big Hints
ITMAX's managing director and chief executive officer William Tan Wei Lun added: "We have also secured new contracts that will serve as a catalyst for future financial growth."

Posted by GemSeekers > 2 months ago | Report Abuse

TP 5.80 , more to come

Posted by GemSeekers > 2 months ago | Report Abuse

Solid order book secures long term visibility. As end of 2Q24, ITMAX has a total
unbilled order book of more than RM1.5bn which will be recognised progressively up to
May 2039. As end of 2Q24, ITMAX’s tender book stood at circa RM300-400m.

Posted by GemSeekers > 2 months ago | Report Abuse

Outlook. After securing 4 out of 16 Johor councils, we expect all to come on board over
time to realize the integrated smart city system. Furthermore, these deals only comprise
of DIS and smart traffic light system – we do not discount that other solutions such as
networked lighting and smart parking could be included in the future. Along with the
recently awarded DBKL VO #11 and maiden penetration into Penang, ITMAX is
expected to continue to scale new heights.

Posted by troy88 > 2 months ago | Report Abuse

Great QR. Unfortunately all tech in bursa getting dumped like toilet paper this time..

Posted by speakup > 2 months ago | Report Abuse

Bursa tipu one. Company make money, but down. Only CI counter up coz govt push up CI to hide overall weakness in our stock market

Posted by troy88 > 2 months ago | Report Abuse

Yes agreed, I think they are artificially pushed up to make KLCI look better than the reality. Can see that many stocks in bursa are in a slump

Posted by GemSeekers > 2 months ago | Report Abuse

good to collect now

Posted by Joscylyn > 2 months ago | Report Abuse

Don't know can collect at below RM3 like last 2 weeks 😃

Posted by GemSeekers > 2 months ago | Report Abuse

buy signal

Posted by troy88 > 2 months ago | Report Abuse

Oversold tech should rebound again and Itmax will then show it's power

Posted by GemSeekers > 2 months ago | Report Abuse

strong buy

Posted by GemSeekers > 2 months ago | Report Abuse

New Additions to
MSCI Malaysia Small Cap Index:
+ AEONCR
+ DAYANG
+ GENP
+ GCB
+ ITMAX
+ SUNCON

Posted by GemSeekers > 2 months ago | Report Abuse

ITMAX - scaling to new heights

Posted by turbochart > 2 months ago | Report Abuse

3.43. back to my 3.46 selling price😂

Posted by GemSeekers > 1 month ago | Report Abuse

open 3.47 , strong momentum

Posted by GemSeekers > 1 month ago | Report Abuse

kangaroo jump , tomorrow might open higher