kritikka79. i'm not really sure how the future. but if GST is going to kick in on 2015 CENSOF should started ready software for all agency government. CENSOF handle quite number of agency government project, i do believe it could be good stock to keep cause once kick in on 2015 i don't think so we able to get on this cheaper price stock.
IMHO the huge volume yesterday was due to institutional investors / funds taking a long position in this stock. Almost 50% of transacted volume yesterday hovers around 0.595-0.60. This should form the new base moving forward. Bear in my that the recent TPs may not have factored in TEB and potential projects in 2014. The meat remains in how they will work out the payment exchange.
The Khazanah statement said the divestment price was determined based on the fundamentals of TEB, reflecting the remaining concession period with the Royal Malaysian Customs Department up to September 2014 held by TEB’s majority-owned subsidiary, Dagang Net Technologies Sdn Bhd (“DNT”), and the other two TEB subsidiaries which are operating at a loss.
DNT has submitted a tender proposal for the new uCustoms system to be implemented by Customs. (Source: The Malaysian Insider)
Comment: Have submitted and WILL EXTEND SOON. If not why MyEG and other 9 interested parties bid for TEB.
Now, Dagangnet mainly serve customs requirements. GST is about tax and with Dagangnet track records, I envisage that Time Eng will benefit from the GST implementation.Can lah accumulate
Oct 31 (Reuters) - Malaysia's new consumption tax is a boon to IT companies that stand to win infrastructure contracts and fees - provided they can convince people to switch to electronic payments in a country where 91 percent of transactions are in cash.
For companies such as Censof Holdings Bhd and GHL Systems Bhd that specialise in creating electronic payment and software systems, the initial benefit will likely come well before the tax is implemented in April 2015.
The scheme to implement GST should be started in government departments first, am I right? Therefore those trainings, facilities, documentation and etc. have to be ready before year 2015, so CENSOF, GHLSYS, MYEG will start work within this few months, am I right?
mickaelp this project is discuss since from 2008 until 2014 just announce the GST will be implement on 2015 APR. As the news is public out the most benefit company is MYEG and CENSOF.
CENSOF’s long-term outlook underpinned by: (i) the potential influx of GST-compliance accounting system upgrade and training services demand from its existing 80 plus government agencies before the official implementation of GST in Apr-15, (ii) continued projects/contracts flow from various government agencies for its FMSS project, and (iii) potential massive synergistic benefits that could be created for CENSOF and Time Engineering Bhd (TEB) post acquisition.
so for my opinion that is no harm to keep this counter cause have dividend and company is still in earning trend. Important is will be having good future once the GST 2015 is implemented. More and more project will be coming for CENSOF cause trusted by government.
Kelvin Leong with the 2014 budget announced the benefit sector sure is GAS and Oil, Technology, but not for Property for the moment. Other not clear. GST implement is most benefit to MYEG and CENSOF. for GAS and Oil have a lot company but all too higher the price today also have new IPO UMWOG 1st day only already up more than 35cent
we also see a clear-cut winner – CENSOF – with the implementation of GST as it is one of the major accounting solutions providers for government agencies. With the implementation of GST, CENSOF can anticipate to see more contract flows. Besides, it may also benefit from the government intention to promote Outcome-Based Budgeting (OBB) in the Ministry of International Trade and Industry and Ministry of Health Ministry, in particular. Furthermore, Censof can create a new revenue source by providing its software solution to 80 government agencies. Kenanga has a outperform call for Censof, with target price of 61 cents since the future is bright.
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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....
Doremi
1,204 posts
Posted by Doremi > 2013-10-29 23:33 | Report Abuse
1/11- T4?