cimb 22th ifca report
more about yesterday briefing

http://we.tl/XgoEGCSluy

More modules under SaaS? One positive surprise from the 1Q15 briefing was management’s indication that it plans to launch seven software modules under SaaS. The company also expressed its bullishness about its recently proposed Indonesia acquisition. We maintain our EPS forecasts and target price (21x FY16 P/E, in line with domestic peers). The stock remains an Add. Potential catalysts include completion of the acquisition of its Indonesia distributor and higher-than-expected take-up rates for SaaS.

add business wing.....add more.....booster fly

OTHERS IFCA MSC BERHAD (IFCA OR THE COMPANY) - HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE BUSINESS OF PT IFCA CONSULTING INDONESIA (PICI)


Type Announcement
Subject OTHERS
Description
IFCA MSC BERHAD (IFCA OR THE COMPANY)

- HEADS OF AGREEMENT IN RELATION TO THE PROPOSED ACQUISITION OF THE BUSINESS OF PT IFCA CONSULTING INDONESIA (PICI)

The Board of Directors of IFCA wishes to announce that the Company has entered into a Heads of Agreement ("HOA") with PICI on 20 May 2015 to acquire the business of PICI namely its goodwill, receivables and all of the rights of PICI under the contracts for its business for an indicative purchase consideration of RM32 million or its equivalent in IDR, of which 50% is to be satisfied in cash and 50% is to be satisfied via the issuance of new ordinary shares of RM0.10 each in IFCA ("Consideration Share(s)") ("Proposed Transaction"). The issue price of the Consideration Shares will be determined later based on the five (5)-day volume weighted average market price of IFCA shares prior to the execution of a business sale agreement.

PICI is principally engaged in the provision of turnkey business solutions. PICI mainly distributes IFCA's computer software to the property sector in Indonesia. PICI was incorporated as a private limited company on 28 March 1995 under the present name. It has an authorised share capital of Indonesian Rupiah 330,750,000 comprising 150,000 ordinary shares, all of which are issued and credited as fully paid-up.

The Proposed Transaction is conditional upon, inter alia:
1.the completion of a due diligence exercise in relation to the business of the PICI and any issues/conditions arising thereof to be rectified/fulfilled by PICI;
2.the approval of the shareholders of PICI and the Company in a general meeting to be convened for the Proposed Transaction, being obtained by PICI and the Company respectively;
3.execution of the assignment agreement and the transfer agreement; and
4.the approval of the relevant regulatory authorities in Malaysia and Indonesia, if required.

The purpose of the HOA is intended to record the indicative intentions of both parties in relation to the Proposed Acquisition and the HOA is not exhaustive and is not intended to be legally binding save for certain obligations set out under the HOA.

A detailed announcement on the Proposed Transaction will be made upon the execution of the business sale agreement.

The HOA may be inspected at the registered office at 24B, Persiaran Zaaba, Taman Tun Dr. Ismail, 60000 Kuala Lumpur during normal business hours from Mondays to Fridays (except public holidays) for a period of three (3) months from the date of this announcement.

This announcement is dated 20 May 2015.

cimb new tp report

http://we.tl/RgaknBcLnR

Vietnam ady long long time

50% cash 50% shares

Buying its Indonesia distributor business?
Yesterday evening, IFCA announced the proposed the business of IFCA’s Indonesian distributor, PT IFCA Consulting Indonesia’s (PICI). This news was a positive surprise to us. Post-acquisition, IFCA would have dominant market share in both Malaysia and Indonesia. With the right strategy, Indonesia could potentially be much larger than Malaysia’s market. We understand IFCA currently only gets royalty income from PICI (we estimate RM1m annually). PICI makes around RM4m in net profit annually, which means IFCA is buying this company for around 8x P/E, fair in view of the potential earnings of the Indonesia market. PICI currently dominates this market, with a 70-80% market share. In addition, all its Indonesian customers are still using the Windows-based platform. Two areas of potential growth for IFCA in Indonesia: i) introduce the mobile-based platform, and ii) promote SaaS to the smaller-based developers. However, until further details become available, we have conservatively assumed in our earnings forecasts that the PICI acquisition will only be completed by end-2015 and PICI to record an additional RM5m net profit in 2016, and 25% growth annually. 1Q15’s results briefing will be on Thursday morning.

Buying its Indonesia distributor?
IFCA’s 1QFY15 net profit, at 101% annualised, was in line with our expectations. The higher revenue was due to domestic GST software upgrades before the 1 Apr GST deadline. Last evening, IFCA also announced the proposed business acquisition of is Indonesia distributor, which was a positive surprise. To reflect conservative potential earnings from Indonesia, we raise our FY16-17 EPS forecasts by 8%. Our target price, based on an unchanged 21x 2016 P/E (in line with domestic peers), is also higher. The stock remains an Add. Potential catalysts include completing the acquisition of its Indonesia distributor and higher-than-expected take-up rates for SaaS.
1Q15 net profit up 2,325%
IFCA’s 1Q15 revenue was up 134% yoy, mainly due to domestic GST software upgrades, but China sales were quiet due to the Chinese New Year period during which businesses can be closed for as long as one month. 1Q15’s net profit growth was a much higher 2,325% mainly due to its high operating leverage business. 1Q15 was also the best ever quarter for IFCA. No interim dividend was declared, in line with our expectations.

cimb new Tp 2.04

tmr 11mp.
market sentiment should be good

AT.

affin gave tp 2.45 .

their profit margin up from 25-33% to 42%

up almost 50% compare last q

qtr result out 27th as per cimb daybreak 20th

http://we.tl/ReuCWcUdxE

email alert

http://ir.chartnexus.com/ifcamsc/email.php

qtr result out 20th as per cimb daybreak 20th

http://we.tl/ReuCWcUdxE

qtr result out 29th as per cimb daybreak 20th

http://we.tl/ReuCWcUdxE

go ifca subcribe their annoucement.
straight go to ur email

Today out qtr report.
tmr out q1 briefing.

Bursa due date is 30th.this mean ifca die die must give before 30th.

Confirmed today la.
due 30th may.

Cimb today - 29th may qtr result

Cimb 20th may qtr result.
21th 1q briefing.

later i upload

understand their business .
their niche software and direction and market share gained.
now need qr result to stand firm n more upside.

ifca RM2.50 is possible

Let see how well IFCA explore china market and % market share gained.

BURSA HOLDS ABOVE 1800 PSYCHO LEVEL, WALL STREET AT RECORD HIGH, ROBUST 1Q2015 GDP AND 11TH MALAYSIAN ECONOMIC PLAN TO BRING POSITIVE TONE NEXT WEEK, FBMKLCI TO REBOUND HIGHER. ► Focus will be on 11th Malaysia Plan – Islamic finance & Green Economy. ► Firmer global equity markets bullish for local market in the short term ► Technical indicators suggest that short term rebound is in the offing

BURSA HOLDS ABOVE 1800 PSYCHO LEVEL, WALL STREET AT RECORD HIGH, ROBUST 1Q2015 GDP AND 11TH MALAYSIAN ECONOMIC PLAN TO BRING POSITIVE TONE NEXT WEEK, FBMKLCI TO REBOUND HIGHER. ► Focus will be on 11th Malaysia Plan – Islamic finance & Green Economy. ► Firmer global equity markets bullish for local market in the short term ► Technical indicators suggest that short term rebound is in the offing

AffinHwang 20150518 Retail Insights

http://s000.tinyupload.com/index.php?file_id=08269335206550839005

syed mokhtar > mmc > zelan < 11mp

affin tp 0.46

affin today 6-12 months tp 5.00

later 9pm.am outside now
mitra also 2.4x

ifca zelan double huat

today TP

affin 6 -12 months TP 2.45

GST+CHINA MARKET+coming SAAS=Huat ar.

http://we.tl/TJLzDERFvJ

affin TP 0.46

GST is one way ticket.
just hope new country management will make well use of gst collection.

cow is coming....cow is coming.....moooomooooo!!!

cow is coming ...cow is coming....moo mooo

Ok.i go in buy 1 lot 2nd sessio .

here come the buyer..........

back to pre correction time.

Vol up...

11 bursa days left till qtr result announce.

MY E.G. Services - All to use MyEG’s FWPR from May onwards
Although the Immigration Department's latest announcement on the
mandatory use of MyEG’s FWPR from 2 May onwards was not a surprise to us,
this news should be received positively by investors. The authorities nominated
MyEG to build and maintain a database on foreign workers in Jan 2015, and
the only way to implement this was requiring all to use FWPR. We maintain our
EPS forecasts and target price, based on unchanged 21x CY16 P/E (in line with
its peers). The stock remains an Add. Potential re-rating lysts include the news
that all employers must use FWPR from May onwards and the successful
launch of its CSTM project before year-end.

MY E.G. Services FLASH NOTE
MYEG MK / MYEG.KL Current RM2.29
Market Cap Avg Daily Turnover Free Float Target RM3.54
US$773.5m US$4.15m 52.3% Prev. Target RM3.54
RM2,753m RM15.09m 1,200 m shares Up/Downside 54.6%
Conviction| |

go go AT.
constructive comment as alway.
not like other bash bcoz wanna bash only.