ITMAX SYSTEM BERHAD
KLSE (MYR): ITMAX (5309)
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Last Price
3.33
Today's Change
-0.05 (1.48%)
Day's Change
3.28 - 3.40
Trading Volume
1,434,200
Details of Changes
Securities After Change
Transactions
| Ann. Date | Name | Details of Changes | Securities After Changes | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Date | Type | No. of Shares | Price | Direct (%) | Indirect (%) | Total (%) | ||||
Discussions
Be the first to like this. Showing 50 of 332 comments
Here very quite but the share price keep breaking new high.... probably will explode to the next level when another forseeable good news!
2 months ago
Long time didn't come back here. Last time I said otw to HLIB TP 2.90. Already smashed. Now on to greater heights..
1 month ago
Itmax's subsidiary to operate smart parking in Kulai
https://www.thestar.com.my/business/business-news/2024/07/30/itmax039s-subsidiary-to-operate-smart-parking-in-kulai
3 weeks ago
This one still overlooked by many investors. Good that it quietly climb up under the radar to new heights..
1 week ago
Obviously itmax is on the way to operate smart parking facilities throughout most parts of Msia.
1 week ago
ITMAX bags another contract from DBKL
https://www.businesstoday.com.my/2024/08/16/itmax-secures-rm539-million-contract-from-dbkl-to-deploy-ai-powered-cc-cams/
1 week ago
ITMAX in the prime position to bag video surveillance contracts for all 16 councils ( already secured 4 )
5 days ago
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.
5 days ago
$3.43... Now..
We got $1.30 profit to $4.70 if entering now..
What a beautiful entry price!!
5 days ago
Another AI counters mostly unaware by investors...
But, I am aware because I am different mah
5 days ago
good fundamental , good earning visibility . what to worry . just lock in fridge. bonus issue might be coming soon
5 days ago
I will certainly hold till $4.70.
It is matter of time
Thanks you for advise..
Yes! Potential bonus by year end
5 days ago
Hihi..
Investors don't dare to sell more...
Because, they will buy back in higher price later
4 days ago
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!
3 days ago
Once tech go back on bull run later, this stock is gonna smash RM4 easily to HL new TP
3 days ago
buy with ease of mind if management is good such as itmax , AWC , sealink , dxn , etc
3 days ago
Buy call from research house
https://www.thestar.com.my/business/business-news/2024/08/20/recent-wins-point-to-growth-potential-for-itmax
3 days ago
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