any price below 1.60 quickly sapu....after the meeting...tomoro will be above 1.60

confirm bullish...it's heading back to 1.80

directions are clear...anything below 1.60 quickly sapu

KUALA LUMPUR: A dramatic fall in IFCA MSC Bhd ( Financial Dashboard)’s share price yesterday brought Bursa Malaysia’s best performing stock of 2014 back into the limelight, but for all the wrong reasons. The software firm, however, assured investors that its recent share performance is just a blip that “is nothing to be worried about”.

Continuing its week-long decline, IFCA’s share price fell from its all-time closing high of RM1.84 on May 18 this year to end yesterday at RM1.38 with a market capitalisation of RM761.66 million.

It was the third most actively traded stock on Bursa Malaysia with over 56.65 million shares done as it shed 14.81% or 24 sen. It was also the 13th top loser on the bourse.

Regulators found the decline shocking enough to warrant an unusual market activity query, asking if the bourse’s usual star performer has an explanation for its “sharp drop in price recently”.

IFCA chief executive officer Ken Yong told The Edge Financial Daily that a combination of agitated investors and market imagination following the resignation of the company’s chief financial officer (CFO) Voo Lip Sang on May 22 is the most likely explanation for the company’s share price fall.

Voo resigned “to pursue other career opportunities”. Yong added that Voo, who was appointed as IFCA CFO on Dec 30, 2014, was “still on probation” and had resigned because of the workload which comes with the job title.

“It is probably bad timing. A lot of people started to speculate about the state of our accounts when our CFO resigned two days after our first quarter (ended March) (1QFY15) financial results announcement was made. But there is nothing to be worried [about].

“I want to tell the market that Ifca’s accounts are audited by independent auditors (Messrs UHY) and there is absolutely no need for a company like ours, which can generate healthy revenue, to be subject to any manipulation or speculation of our accounts,” Yong said.

IFCA moved swiftly to appoint a new CFO Chow Chee Keng yesterday, to stem further speculation. Chow was previously IFCA CFO from Feb 1, 2013 but was redesignated as head of IFCA’s education and training division on Dec 31 last year.

Further, Yong said, the numbers in the company’s audited accounts “cannot lie” and there is no reason for a “fast-growing” company like Ifca to manipulate them.

“IFCA is a company that is still growing very fast. That is the nature of our business as a software company. A lot of people approach us to offer us work and to work with us in some way. We have just seen our strongest quarter to date and those numbers cannot lie.”

“If you look at our accounts, we have been very prudent and the cash pile in our bank account cannot lie,” Yong said.

For 1QFY15, IFCA saw its revenue more than double from a year ago to RM31.98 million, with a net profit of RM9.69 million, up 143 times from RM421,000 in the same period last year. Its cash pile as at 1QFY15 stood at a remarkable RM53.81 million, an 89% year-on-year growth.

The sterling results notwithstanding, IFCA has come under selling pressure. A day after its 1Q results were announced, the stock fell 15 sen from RM1.82 to close at RM1.67 on May 21. It has continued to slide since. Perhaps IFCA (fundamental: 3; valuation: 0.8)’s believers can seek comfort in a CIMB Research note dated May 22, which reaffirmed the research house’s “add” call on IFCA with an increased target price of RM2.04. It also pointed out that it is “not a surprise” to see the stock come under selling pressure.

“Its share price came under selling pressure yesterday, which is not a surprise as the stock’s trading pattern is usually “buy on rumours, sell on news”. Further, price weakness would be an opportunity to accumulate,” CIMB Research said.

http://www.theedgemarkets.com/my/article/ifca-share-price-fall-%E2%80%98nothing-be-worried-about%E2%80%99

yeah masuk mainboard

this is a buying opportunity today for ifcamsc for those who missed the boat...

anything below 1.60 quickly sapu all...even director also buy more yesterday..

don't forget...new TP for ifcamsc is RM 2.02

IFCAMSC will make debut today....catch it while still can...

TODAY REBOUND BACK 0.25 ...YESTERDAY MARKET OVER-REACTED

next week will fly..couple with new business opportunity...hope it drops so can collect more

http://www.thestar.com.my/Business/Business-News/2015/05/22/Pos-Malaysia-posts-20-pct-drop-in-profit/?style=biz

IFCA MSC was testing the MYR1.65 resistance level in its latest session. Traders may buy if this level is surpassed firmly, with a target price of MYR1.81, followed by MYR1.96. In the meantime, the stock may consolidate further if the MYR1.65 level cannot be surpassed. In this scenario, further support may then be found at MYR1.46, where traders can exit upon a breach to avoid a further potential short-term correction.

Quarterly Losses....directors disposing like mad ...check history!....RUNN

tksw...cannot resist la...this counter is cash rich...the company still earning money...only today get to buy cheap from panic sellers...

haha...I just collected a lot this morning...

fundamentals intact to 2.50

Broadband access for 95% of populated areas under 11MP

KUALA LUMPUR (May 21): Prime Minister Datuk Seri Najib Tun Razak said 95% of Malaysia's populated areas will have access to high-speed Internet or broadband through initiatives outlined in the five-year 11th Malaysia Plan (11MP), Bernama reported.

Bernama reported that these initiatives will be implemented between 2016 and 2020, and will include the high-speed broadband 2 (HSBB 2), suburban broadband, and digital terrestrial television (DTT) schemes. It was reported that these schemes would come with policies to improve access pricing and consumer protection frameworks.

According to the 11MP report, the HSBB 2 scheme will cover all state capitals and selected high-impact growth areas.

The report indicated that 250,000 ports across 410,000 premises would be set up by end of 2016.

Meanwhile, the suburban broadband programme, which covers suburban and rural areas, will involve an additional 420,000 ports across 750,000 premises.

The report said the ports would be installed within five years.

"Malaysia aspires to ensure that its citizens and economy keep pace with the digital global economy by expanding the successful roll-out of digital technologies such as the HSBB and DTT," the report said.

11MP better govt service..myeg will fly...stay tuned for more

I hope all huat here!...

buy more?..???...that's what they said when daya in 0.380

tomoro 11mp.....limit up

because next week quarter report will scare all investors....

BULLISH....

all the Investment bank and fund house see also scared....how to support the price...ini is ICON symptom...

some stocks you cannot keep for long..

As expected...HSBB is coming near...muahaha...

sell on news...

SCABLE AWARDED WITH BIG PROJECT UNDER 11MP!!!....ANNOUNCING NEXT WEEK...

hold tight...short term 1.50

check out scable...another bluechip going to rocket soon....major share holder cmsb son...

that's why I say investment fund manager say will hit 2.80....but ppl say I blow water....niama ah...

Next week one investment fund manager say RM2.80 will hit

shit...all 2.62 sapu...habiss habiss....too fast..

all pattern, fundamentals, monopoly are cleared...RM3 coming next week...

all pattern, fundamentals, monopoly are cleared...RM3 coming next week...

next Monday gap up 2.80...hold tight!

Last chance to buy now....before rocket to RM3

due to the monopoly biz...morning in collecting mode...afternoon later may breakout ...

now got vaccine already..

http://klse.i3investor.com/servlets/fdnews/224778.jsp

tomorrow pchem limit down....Alliance is correct....4.25

director buy 2.50 only..all chase kena tipu
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4730109

http://www.thestar.com.my/Business/Business-News/2015/05/07/MBSB-net-profit-down/?style=biz

KUALA LUMPUR: Malaysia Building Society Bhd's (MBSB) net profit for its first quarter ended March 31, 2015 fell 36% to RM124.31mil from RM196.73mil a year ago.

In a filing to Bursa Malaysia on Thursday, the group said revenue for the quarter rose 3.5% to RM690.6mil fom RM667.11mil a year ago.

Earnings per share for the period fell to 4.59 sen from 8.37 sen the previous year.

The group said its higher revenue was due to the company's efforts in penetrating the corporate segment, resulting in a slight asset growth amidst a challenging retail banking environment.

Meanwhile the decrease in earnings was mainly due to higher allowances for impairment losses on loans, advances and financing and lower operating income on the back of higher revenue growth.

The higher allowances for impairment losses are in line with the group’s ongoing impairment programme under its strategy to align its policies with industry best practices and banking standards.

For its personal financing segment, gross income in the current period was lower compared to the previous year corresponding period due to lower disbursements, while income from loans and financing was higher from increasing growth of corporate loans and financing assets bases.

For its mortgage loans and financing, gross income was relatively consistent with the previous year corresponding period.

Auto finance loans and financing was higher mainly due to increasing growth of loans and financing bases.

Moving forward, MBSB said its remained focused on the expansion of corporate business segment where it continued to show positive contribution, notably growth in corporate financing/loans assets and earnings whilst the retail segment businesses have been moderate.

"The operating environment remains challenging and to meet these challenges, the group will continue to strengthen, adapt and sustain its corporate and retail business activities.

"These activities include strategies for continued improvement in compliant operational workflows, enhancing assets quality based on risk management framework and funding from capital markets," it said.

Barring any unforeseen circumstances, the group expects a satisfactory performance in 2015.

this is a monopoly business! ...buy now man...

who go in who get RICH!!!....high risk high GAIN!!!

bonia superior??...even pasar malam ah sum also carry coach or fake LV la hahaha

richman won't buy padini....middle class will buy from factory outlet.....lower class....eat also no money...everything pay gst...who is going to buy padini??... haha...

padini will be the next bonia

wingtai is a good example on retail sector slowing down.....do not expect much from padini quarterly report....better sell on strength now....bonia also hit...next support could be 1.00