IFCA, that turns 30 this year, is a software solutions provider to property businesses in Malaysia and overseas. In 2015, it launched Property365 - the first real-time transactional property e-marketplace in Malaysia.
From an earnings perspective, the company's net profit was hit last year falling 98% year-on-year to RM518,000 for FY2016. Cho talks about what happened and how they plan to build a sustainable income stream moving forward.
He also reveals that the company is in M&A talks.
"We are looking at M&A...We have been in talks in the last few months with a lot of people.. we are quite a conservative company... So we don't look at weird business models that claims to have a lot of potential.. because we have a lot of experience in the property sector so we will use that to gauge the potentials.. and if they are good, we will look at investing into them," he tells BFM in an exclusive interview.
Cho says they are "scouring the market" but have yet to make a "big move". "We are talking to some but there is no definite timeline.. both parties have to agree on a common future," he notes. IFCA is sitting on cash of RM69 million as at June 30, 2017.
Cho believes that while they want to grow and transform IFCA, they have to do it fundamentally well.
palette is very simple, today drop to 20% and closed at 16% lower. why TS Wong now only revealed when he has plenty of time to issue press? why now ? why his exit can cause a 20% down? is this a profitable company ? same as Ifca , when the Indian claimed to exit , the pice dropped from 50 cents to 30 cents, and later climb to RM1 , this is just a trick , u can check IFca stock chart. further , Palette has only 300 million share which is much lowest than Ifca. anytime , they can goreng up . now look at palette , how could they exercise PP if the price is only 50 cents ? think with cool mind, be prepare for another new height. 20% down is not logical today , so tomorrow will re-bounce to a fair price
The increase in revenue is mainly attributable to the overall improvement in sales contribution from our Malaysia and China segment The Group registered profit attributable to equity holders of the parent company of RM5.9 million Group cash reserves stood at RM65.28 million as at 30 September 2017 as the business continues to have stable cash generation.
IFCA是软件开发公司 靠自身开发的网站赚钱 也帮客户开发网站 Market leader for solutions to the property sector Business Prospects :
result stable and good prospect in future.. FA good and stable profit.. TA sideway and have higher chance to move upward. So risk is small but once goreng the return is big. I have no doubt to buy in second bet at 0.390 after 0.385 which is the lowest area at sideway for 6 months.
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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....
accurate
165 posts
Posted by accurate > 2017-11-03 15:24 | Report Abuse
i mean run up...