So so only lar. On a quick glance, seems like Gross margin decrease, higher profits due to less tax expense charged this quarter? Need to wait for the Huawei Contract to finalise to make a proper impact to IFCA. At the meantime, seems like this stock at current price is just supported by future earnings.
Realistically speaking is the current stock price logical with this type of earnings? Most of the time 4th Q earnings or EPS are about MYR 0.01 Now it is less than 30%. Let us see how the market would react tmr.
i would say that the result is not bad... Nearly 65m revenue and high hope to end 2019 with 100m revenue, 3m net profit and assume previous year, last q have around 8-9m profit. More than 10m profit per year. I believe part of hua wei collaboration will started to contribute in q4 result. 100m revenue is high chance with huawei and 42m unbilled transaction. Ifca is doing well in 2019 even without gst. Share price will goes up according its result. Another three months q4 result to determine if ifca can climb back to rm1 range
I have same opinion as KSL5242. I have commented earlier that this company have posted good result for qtr4 for 3 consecutive years 2016,2017,2018 pls scroll back. This is quite common for a company which are doing consultancy business. Invoicing towards before year end which is qtr 4. Even without Huawei contribution lfcamsc will report good qtr 4, which was highlighted by their ceo in April 2019. Good business will be generated from their new products catering for SMEs in malaysia, which is a big market. Their new product is Digital way doing business and terms of payment is pay when you use. Folks, that is without Huawei contribution.What if they ink contracts with Huawei? Inmagine how much business in the pipeline.??
I believe mr er and his partners is still monitoring ifca. There are still big player pressing the price and absorbing slowly. His price target 0.65 is achievable but how long it takes only.
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loonginv
852 posts
Posted by loonginv > 2019-11-18 18:18 | Report Abuse
so so .........