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2014-08-25 14:19 | Report Abuse
Gji gan..warrant still low premium..hope can up to 30% premium..compare to mother price
2014-08-25 12:29 | Report Abuse
buy mother and warrant..both is cheap
2014-08-25 12:27 | Report Abuse
sell on news?...shooting up to 30% today..and tomorrow continue up
2014-08-25 12:17 | Report Abuse
A GST play, to benefit from the property industry spanning upgrades for GST.
Massive jump in earnings expected; IFCA is ready to reward shareholders.
We value IFCA at MYR0.42, based on 14.5x FY15 PER. The stock is an under-researched gem.
What’s New
IFCA is a business software solution company specializing in the property industry. It has a monopoly-like business model with 70% market share in the Malaysian property software industry.
IFCA is the biggest beneficiary of GST implementation in the property sector. It has chalked up higher sales contracts in 1H14 of MYR42.1m at its Malaysia operation alone (2013: MYR38.9m) on upgrades in IT systems by the developers. As only 10% of its existing clients have upgraded/are upgrading their software for GST implementation, we see enormous potential for IFCA.
IFCA is also reaping the fruit from its aggressive expansion in China over the past ten years. Its China operation is expected to record strong double-digit growth in sales/earnings; it will likely overtake its Malaysian business as the key earnings driver by 2016-17. The company is ready to reward shareholders with dividends/free warrants. It also plans to transfer to the Main Market.
What’s Our View
Based on our back-of-the envelope calculation, we project a strong 406% growth in FY14 net profit to MYR8.8m, and a 50% growth in FY15 to MYR13.1m. These are premised on strong contract sales and improving net margins. As at June 2014, balance sheet was clean with a net cash of MYR30m or 6.7sen/sh.
Pegging it to 14.5x PER (10% discount to the average of peers of 16.1x), we derive a fair value of MYR0.42 for IFCA.
Source: Maybank Research - 25 Aug 2014
2014-08-25 12:14 | Report Abuse
Don't wait until last minute to register for GST - Ahmad Maslan http://www.mysinchew.com/node/101177
Don't wait until last minute to buy IFCAMSC warrant, execise price 0.1...still low premium
2014-08-25 12:08 | Report Abuse
current price 0.31..still have 35% room to go up
2014-08-25 12:07 | Report Abuse
this time huat loh..0.42..still got room to go up.
2014-08-22 15:58 | Report Abuse
iris sleep too long..any chance for going up is all depend on good quarter result which is next week.
2014-08-22 15:07 | Report Abuse
http://bonescythe.blogspot.com/
I believe BJAsset will be a very worthy company to be invested in for the long term based on
- Grossly huge discount of 75% at RM 0.94 based on RNAV of RM 3.80.
- Emergence of strategic influential stakeholder (Sultan Ibrahim) in Berjaya Times Square Sdn Bhd.
- Strong solid business background with huge financial capabilities in undertaking huge projects.
- Exposure in Johor most strategic location with Duty Free Zone.
- Berjaya Waterfront's close proximity to Iskandar and Singapore.
- Upcoming projects development worth more than RM 5billion.
- Berjaya Waterfront to be a huge entertainment city with high end hotel, residences, restaurants and clubs.
- A very high chance possibility of slot machines area to spice up the entertainment city, which is further backed by insider sources.
- High possibility of joint venture with Atlan Holdings Berhad to develop 4.285 acre of land
look at BREM and KSL.. Time will tell BJAsset success story
2014-08-22 14:53 | Report Abuse
1.1 is coming...if today can break..Monday sui sui ..
2014-08-22 12:23 | Report Abuse
lets people throw...so i can buy cheap for another round..
tp 0.6
2014-08-22 10:17 | Report Abuse
bonescythe...wah "potential limit up".. thanks first
2014-08-22 08:49 | Report Abuse
who care UMA..now is small fish buying up for uplifitng...then MARA, LTAT, EPF..come and buying..
buy at own risk.
2014-08-22 08:38 | Report Abuse
buy and hold..train to 0.6 again
2014-08-21 16:37 | Report Abuse
if u miss 0.6 last time, this is the time to buy at cheap...
2014-08-21 16:29 | Report Abuse
today close 0.52..tomorrow gap up ...buy at own risk
2014-08-21 15:54 | Report Abuse
yesterday limit down...today limit up?
2014-08-21 15:54 | Report Abuse
sapu sumatec...0.6 coming again
2014-08-21 09:13 | Report Abuse
if 14 cents kena sapu...another sumatec coming
2014-08-20 19:18 | Report Abuse
Lucky i greedy on glotec, sold all my warrant at 0.53 and buy glotec 0.123 average price. Tomorrow glotec continue up, buy rate 68.8% only little volumn sell down glotec when every panic on penny stock market
2014-08-20 19:11 | Report Abuse
Heard is margin call on maybank securities cause sumatec, pdz and marco collapse...which indirectly influnce all penny stock collapse..
2014-08-20 16:57 | Report Abuse
alots of people still hold the share...only some people sell down..and buyer waiting to collect cheap since others counter big drop..hope tomorrow will up.
2014-08-20 16:56 | Report Abuse
this is the goods news...today UMA because Bursa want to cool off the market..but look at buy rate 67.8%
2014-08-20 16:55 | Report Abuse
We refer to the announcements dated 8 August 2014, 12 August 2014 and 18 August 2014 in relation to the Subscription (“Announcements”). Unless the context otherwise requires, all expressions used herein shall have the same meanings assigned thereto in the Announcements.
On behalf of the Board of Directors of GFB, we wish to announce that NCE had on 19 August 2014 completed the due diligence on NGY Group. NGY, JCM Auto Components Sdn Bhd (“JCM”) and NCE had on even date entered into a Share Subscription Agreement for the subscription by JCM and NCE of 41,666,667 NGY Shares (“JCM’s Subscribed NGY Shares”) and 41,666,666 NGY Shares (“NCE’s Subscribed NGY Shares”) at A$0.03 per NGY Share (“Placement Price”) for A$1,250,000.01 (“JCM Subscription Amount”) and A$1,249,999.98 (“NCE Subscription Amount”) respectively. The total of 83,333,333 NGY Shares subscribed (“NGY Subscribed Shares”) will raise A$2.5 million representing about 19.9% of the enlarged share capital of NGY. The Deposit (paid by NCE) will be utilised against the NCE Subscription Amount. Within 2 business days from the receipt of the JCM Subscription Amount and NCE Subscription Amount, NGY will issue the JCM’s Subscribed NGY Shares and NCE’s Subscribed NGY Shares to JCM and NCE respectively. NGY will then within 2 business days from the issuance of NGY Subscribed Shares, apply to ASX for quotation of the NGY Subscribed Shares.
Copies of the aforesaid Share Subscription Agreement may be inspected at the registered office of GFB at Wisma AIC, Lot 3 Persiaran Kemajuan, Section 16, 40200 Shah Alam, Selangor Darul Ehsan during normal business hours from Mondays to Fridays (except public holidays) for a period of 3 months from the date of this announcement.
This announcement is dated 19 August 2014.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1713693
2014-08-20 16:48 | Report Abuse
they want to flush the contra and collect more..
2014-08-20 16:41 | Report Abuse
glotec today up with good news..the buy rate still 67%, to to collect at low
2014-08-20 16:10 | Report Abuse
buy Glotec..tomorrow up again
2014-08-20 12:19 | Report Abuse
big boy create volumn to support at 0.135..tak takut UMA..today close 0.14..tomorrow gap up 0.15..
happy to join at 0.12
2014-08-20 11:50 | Report Abuse
hope tomorrow limit up again
2014-08-20 11:30 | Report Abuse
sold some sumatec..and buy glotec..glotec uptrend
2014-08-20 08:51 | Report Abuse
and i believe mother share will go higher since big boy collect alots and higher than adjusted price..lets the big boy goreng the share..this week is penny stock week..
2014-08-20 08:48 | Report Abuse
warrant should worth more than 30% premium..0.21 and above.
2014-08-19 14:29 | Report Abuse
tomorrow warrant listing..look like will goreng up..since mother share still maintain the adjustment price
2014-08-19 11:48 | Report Abuse
hope today limit up close higher than 0.65
2014-08-19 11:39 | Report Abuse
average up...more to come b4 uplifting
2014-08-18 15:46 | Report Abuse
look like sumatec price will higher than CLIQ 0.64 this week...hope next week can more than REACH 0.695...Huat ah for sumatec investor
2014-08-15 10:29 | Report Abuse
stonenut from sumatec said buy should buy loh..
2014-08-15 08:40 | Report Abuse
warrant listing should around 20 Aug or 21 Aug
2014-08-14 12:33 | Report Abuse
warrant run faster than mother..mean good sign..
2014-08-14 12:32 | Report Abuse
this week 0.60..quarter result out 0.8, lifting 1.80..in my dream..
2014-08-13 14:21 | Report Abuse
hold tight tight..good counter b4 bonus issue wil go higher, hope can hit TP 8.00 b4 bous issue.
aluminium price yesterday is 0.9077, highest in 2014.
2014-08-13 11:36 | Report Abuse
the link is Joel link as posted just now
http://www.thestar.com.my/Business/Investing/2014/08/13/RHB-Research-maintains-Buy-on-Press-MEtal/
2014-08-13 11:21 | Report Abuse
RHB Research has maintained its Buy call on Press Metal with a fair value of RM8.30 from RM7.38 and continues to like the group as it is a world-class low-cost smelter in the first quartile of the global cost curve that is set to leverage on the bottoming out of aluminium prices.
In a note on Wednesday, the research house said besides improved profitability, its loan repayment using proceeds from the disposal of a 20% stake in Samalaju smelter had cut its net gearing to 1.08 times from 1.83 times in 1QFY14.
“Press Metal’s 2QFY14 core net profit doubled on-quarter and tripled on-year to RM60mil.
“The successful re-commissioning of its Mukah smelter and the full operation of its Samalaju smelter from April 2014 were timely to ride on higher all-in aluminium prices, which rose 10.3% on-quarter and 4.2% on-year to an average US$2,168/tonne in 2QFY14,” it said.
Besides posting strong 2QFY14 results, Press Metal’s board has proposed a 1:1 bonus issue to reward its shareholders and improve its shares’ liquidity.
“In addition, its board has proposed a second interim dividend of 5 sen per share, which we think is a good practice to reward its shareholders on a quarterly basis.
“Going forward, we expectthe company to record core profits of RM80mil in 3QFY14 and RM90mil 4QFY14, with quarterly profit to normalise to around RM94mil in FY15based on our all-in aluminium price assumptions of US$2,300/US$2,365/US$2,400 in the corresponding periods,” it said.
2014-08-13 09:53 | Report Abuse
with all the goods news of dividend, bonus issue, good quarter report....all show that aluminuim price surge help Pmetal pricing...another month the price will better than current price. Buy now and hold ..sooner or later big boy will start to push it go to another level b4 bonus issue
Stock: [IFCAMSC]: IFCA MSC BHD
2014-08-25 14:21 | Report Abuse
expire 2016 Feb 15