DROP !!! No lah. Holland is past already. The weeekly chart still cun. To me it is accumulating phase now before it can fly. Let see the QR this month..hoping a positive figure..
when many claimed going to holland , it will play the reverse ...this is market psychology ...after all , this ifcamsc has recovered from loss n is rejuvenating....
Ifca made a spectacular jumped in Feb 17 (4Q16 results) from 0.26 to 0.52 after making 5m profit. Current quarter (2Q17) Ifca makes 2.5M......Can we expect 0.60??????
The Group reported revenue of RM20.6 million for the current quarter, representing an increase of 14.5% or RM2.6 million compared to previous year’s corresponding quarter. The increase in revenue is mainly attributable to the higher sales contribution from our overseas segment and this has resulted in a higher profit before tax for Q2 2017 which was reported at RM3.1 million. This represents an increase of RM3.3 million as compared to the loss in the preceding year’s corresponding quarter. Consequently, the Group registered profit attributable to equity holders of the parent company of RM2.5 million as compared to a loss of RM0.5 million for the corresponding quarter last year. Year-to-date (YTD), the Group reported a higher revenue of RM39.9 million, an increase of RM4.2 million or 11.8% as compared to the corresponding financial period in the previous year. As a result of the higher revenue, the Group reported a higher profit before tax of RM6.0 million compared to a loss of RM4.2 million for preceding year’s previous corresponding financial period, an impressive turnaround of RM 10.1 million. Hence, the Group registered profit attributable to equity holders of the parent company of RM4.2 million as compared to a loss of RM5.0 million for the corresponding quarter last year. Group cash reserves stood at RM69.6 million as at 30 June 2017 as the business continues to have stable cash generation.
B3. Business Prospects Despite the challenging market conditions, our core business continuous to be strong as our business fundamentals are sound. The maintenance base continues to be stable and targeted to achieve good growth underlined by strong contract renewal rates well above 90%. As an active market player we continue to innovate to support our customers and position ourselves strongly in our core target market. This is accentuated by the opening of our National Call Center in mid-August to further elevate our customer service level whilst a core product team focuses on the Software Development Life Cycle (SDLC) of our products to further advance the quality that we deliver. Our IFCA Academy will focus on delivering online courses as well as certifications specific to our solutions in the property industry. With this initiative, we trust we can add value to our users as we start to structure and certify industry knowledge and experience, as well as build a pool of strong and professionals to support the property industry players. All these investments will strengthen the market position of the Group as well as offer convenience, quality and choice to our customers and users. We believe the future is determined by deeper and closer engagement with our customers and the market therefore the Group has streamlined and simplified our product offerings to enable our discussions to be centered around proposing the best suit of solutions instead of one particular product or need. All industries are becoming more competitive, and the property sector is not spared, therefore by increasing our focus on assisting our customer becoming more competitive will we then be able to surge forward and bring even better solutions. As the trend of businesses moving online to the cloud starts to pick up momentum, the Group has started to invest in the next generation of solutions for the property industry with a strong focus on prop-tech. This initiative is expected leverage the depth of experience of the Group in the property sector over the last 30 years, and combine it in a partnership with a leading cloud technology provider. This will be an exciting platform for our customers to move their business online and connect, engage and transact with their eco-system. Ultimately the goal of such a solution delivers and support business growth with higher efficiency and productivity for all.
Our businesses in China and Indonesia is expected to continue to grow and contribute significantly to the Group and we are now actively looking into the synergies in our Group of businesses to be able to leverage all our assets together and create a larger marketplace for IFCA. As at 30 June 2017, the Group has unbilled orders in hand amounting to RM28.22 million, an increase of RM 4.44 million from the previous quarter, showing an upward trend in order book.
In view of the strong 1HFY2017 performance, the Group expects the financial performance of the financial year ending 31 December 2017 (“FY2017”) to improve from FY2016
" As at 30 June 2017, the Group has unbilled orders in hand amounting to RM28.22 million, an increase of RM 4.44 million from the previous quarter, showing an upward trend in order book.
In view of the strong 1HFY2017 performance, the Group expects the financial performance of the financial year ending 31 December 2017 (“FY2017”) to improve from FY2016"
Haha.. told many times.. buy lower and sell hinger.. enter 0.36.. sell at 0.38.. enter back at 0.38.. sell at 0.39.. enter back 0.39.. sellat 0.425.. haha.. consider to enter but at what price.. any idea??
News already come out.. quarter profit so momentum after this maybe so so.. but predict next quarter also profit compare to previous quarter.. easily to beat and maybe uptrend keep continue till next quarter..
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ck138
55 posts
Posted by ck138 > 2017-08-10 11:06 | Report Abuse
DROP !!! No lah.
Holland is past already.
The weeekly chart still cun. To me it is accumulating phase now before it can fly.
Let see the QR this month..hoping a positive figure..