ITMAX SYSTEM BERHAD
KLSE (MYR): ITMAX (5309)
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Last Price
3.47
Today's Change
-0.04 (1.14%)
Day's Change
3.42 - 3.50
Trading Volume
771,800
Analysis
Price Target
A price target is an analyst's projection of a share's future price.
Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.
Last Price
3.47
Avg Target Price
2.07
Upside/Downside
-1.40 (40.35%)Price Call
0
SELL
0
HOLD
2
BUY
| Date | Open Price | Target Price | Upside/Downside | Price Call | Firm | View | Action |
|---|
Discussions
Be the first to like this. Showing 50 of 383 comments
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.
1 month ago
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.
1 month ago
Great QR. Unfortunately all tech in bursa getting dumped like toilet paper this time..
1 month ago
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
1 month ago
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
1 month ago
New Additions to
MSCI Malaysia Small Cap Index:
+ AEONCR
+ DAYANG
+ GENP
+ GCB
+ ITMAX
+ SUNCON
1 month ago
DATIN AFINALIZA BINTI ZAINAL ABIDIN (a substantial shareholder) disposed 61,863,000 shares on 06-Sep-2024.
3 weeks ago
6% changing hands , this is interesting . should be announce soon who is the buyer .
3 weeks ago
ITMAX executive director offloads 6% stake for RM201 mil, ceases to be substantial shareholder
3 weeks ago
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%.
3 weeks ago
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
2 weeks ago
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.
2 weeks ago
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)
2 weeks ago
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 .
2 weeks ago
ITMAX just start bear fruit from early phase develop of smart city . there are a lot of upside .
1 week ago
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.
1 week ago
Likely to sapu all smart parking in johor.
Prime beneficiary of spore johor sez,no wonder unstoppable rise frm ipo pr of 1.07.
1 week ago
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
1 week ago
One of the best johor themed stock
well connected to be able to sapu 4 johor councils parking
sky is limit....
5 days ago
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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."
1 month ago