INFOLINE TEC GROUP BERHAD
KLSE (MYR): INFOTEC (0253)
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Last Price
0.97
Today's Change
0.00 (0.00%)
Day's Change
0.955 - 0.97
Trading Volume
57,100
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Discussions
1 person likes this. Showing 50 of 470 comments
Dividend coming. Better to hold stock with dividend and growth. Good that management can make money n willing to give out so much
2023-05-22 19:25
Comparison with immediate preceding quarter’s results
The Group recorded a higher revenue of RM16.18 million during the quarter under review as
compared to RM12.53 million recorded in the immediate preceding quarter ended 31 March 2023.
This was mainly due to increase in new orders from managed IT services and trading of ancillary
hardware and software segments in the current quarter under review.
In tandem with the higher revenue recognised during the current quarter under review, the Group
also recorded higher administrative expenses compared to the immediate preceding quarter ended
31 March 2023 following the Group’s continuous business expansion.
Consequently, the Group reported a higher profit before tax of RM3.97 million during the current
quarter ended 30 June 2023 as compared to RM3.08 million in the preceding quarter ended 31
March 2023.
Prospects
The outlook for the IT infrastructure and cybersecurity sector remains robust due to demand for IT
solutions to support the digital transformations initiative of organisations.
The Group’s customer base in the People’s Republic of China (“PRC”) has expanded beyond
Shenzhen (where the Group is based in in the PRC) to other parts of PRC such as Beijing, Shanghai
and Fujian. In addition, the Group has also secured new projects from new customers in Asia Pacific
countries including India, Singapore and Japan.
Looking ahead, the Board remains optimistic about the prospects of the industry and the Group. The
Board is confident in the management’s ability to take advantage of the promising market possibilities
by leveraging on our established track record and the strong technical capabilities of our team to
continue thriving and creating greater performance and added value for all our stakeholders.
Barring any unforeseen circumstances, the Group expects to continue to register growth in its sales,
market share and profitability.
Q2 Jun 23 Report dated 15/8/2023
2023-09-07 17:12
15-Aug-2023 30-Jun-2023 16,177 3,968 3,698 3,698 22.86% 6.79% 1.02 1.38 0.15 51.06% 1,695.15%
Superb earnings in latest quarter, +50% Quarter on Quarter, +1700% Year on Year
2023-09-08 14:20
Apex starts coverage on Infoline, sets RM1.15 target price
https://theedgemalaysia.com/node/690832
2023-11-22 10:19
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2023-12-06 17:28
Another round of dividend payments is coming
https://www.klsescreener.com/v2/announcements/view/6714911
2024-04-02 10:40
193 companies awarded Malaysia Digital Status by MDEC in 1Q. I guess infotech is one of them
https://theedgemalaysia.com/node/708822
2024-04-23 12:12
Infoline Tec seeks transfer from ACE Market to Main Market. Up up up
https://theedgemalaysia.com/node/709420
2024-04-26 18:16
Next black horse IPO is a cat. Come and check this out, Kucingko Berhad has good outlooks and strong profit margins
https://www.bursamalaysia.com/regulation/prospectus_exposure/kucingko-berhad-kucingko
2024-05-20 19:02
Come and check this out, got rumours said that Systech will be collaborating to enhance Malaysia’s digital infrastructure, which will help top data centres handle data-heavy tasks such as AI and machine learning
2024-06-24 15:26
profit margin erode to such miserable level, can they maintain the same dividend level???? probably should be worth 62c level or lower...
2024-08-29 11:11
People Cloudpt continue fly. while this infotec still sleeping , and the profit still low.
2 months ago
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