ITMAX SYSTEM BERHAD

KLSE (MYR): ITMAX (5309)

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Last Price

3.65

Today's Change

+0.08 (2.24%)

Day's Change

3.54 - 3.65

Trading Volume

1,117,500

Financial

Show?
Last 10 FY Result
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Revenue 198,172 180,734 149,681 107,281 79,759 36.99%
PBT 98,264 92,367 82,348 56,317 40,936 41.83%
Tax -23,804 -22,242 -19,152 -15,730 -11,699 27.94%
NP 74,460 70,125 63,196 40,587 29,237 47.02%
-
NP to SH 74,370 70,158 63,279 40,587 29,237 47.11%
-
Tax Rate 24.22% 24.08% 23.26% 27.93% 28.58% -
Total Cost 123,712 110,609 86,485 66,694 50,522 30.83%
-
Net Worth 370,535 370,535 339,463 195,169 53,919 150.91%
Dividend
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Div - 12,344 12,344 5,576 23,999 -28.28%
Div Payout % - 17.59% 19.51% 13.74% 82.09% -
Equity
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Net Worth 370,535 370,535 339,463 195,169 53,919 150.91%
NOSH 1,029,319 1,029,319 1,028,678 1,028,000 3,999 1503.85%
Ratio Analysis
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
NP Margin 37.57% 38.80% 42.22% 37.83% 36.66% -
ROE 20.07% 18.93% 18.64% 20.80% 54.22% -
Per Share
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
RPS 19.25 17.56 14.55 15.39 1,993.99 -91.45%
EPS 7.22 6.82 6.15 23.00 730.93 -90.82%
DPS 0.00 1.20 1.20 0.80 600.00 -95.52%
NAPS 0.36 0.36 0.33 0.28 13.48 -84.35%
Adjusted Per Share Value based on latest NOSH - 1,029,319
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
RPS 19.25 17.55 14.54 10.42 7.75 36.97%
EPS 7.22 6.81 6.15 3.94 2.84 47.15%
DPS 0.00 1.20 1.20 0.54 2.33 -28.23%
NAPS 0.3599 0.3599 0.3297 0.1895 0.0524 150.83%
Price Multiplier on Financial Quarter End Date
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Date 28/06/24 28/06/24 29/12/23 30/12/22 - -
Price 2.56 2.56 1.79 1.42 0.00 -
P/RPS 13.30 14.58 12.30 9.23 0.00 -
P/EPS 35.43 37.56 29.10 24.39 0.00 -
EY 2.82 2.66 3.44 4.10 0.00 -
DY 0.00 0.47 0.67 0.56 0.00 -
P/NAPS 7.11 7.11 5.42 5.07 0.00 -
Price Multiplier on Announcement Date
AQR T4Q 31/12/23 31/12/22 31/12/21 CAGR
Date 27/08/24 27/08/24 26/02/24 27/02/23 - -
Price 3.22 3.22 2.22 1.43 0.00 -
P/RPS 16.72 18.34 15.26 9.29 0.00 -
P/EPS 44.56 47.24 36.09 24.56 0.00 -
EY 2.24 2.12 2.77 4.07 0.00 -
DY 0.00 0.37 0.54 0.56 0.00 -
P/NAPS 8.94 8.94 6.73 5.11 0.00 -

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
Be the first to like this. Showing 50 of 404 comments

GemSeekers

6% changing hands , this is interesting . should be announce soon who is the buyer .

2 months ago

GemSeekers

ITMAX executive director offloads 6% stake for RM201 mil, ceases to be substantial shareholder

2 months ago

GemSeekers

KUALA LUMPUR (Sept 10): ITMAX System Bhd’s (KL:ITMAX) non-independent executive director Datin Afinaliza Zainal Abidin has ceased to be a substantial shareholder of the smart city integrated system solution provider after disposing of 61.9 million shares.

Afinaliza, through her private vehicle Ganda Sensasi Sdn Bhd, sold the block of shares in off-market transactions on Sept 6 for over RM201.1 million, according to ITMAX's bourse filing on Tuesday. The identity of the buyer was not disclosed.

A check on Bloomberg showed that the shares were transacted in eight blocks at RM3.25 apiece. This is a discount of 1.81% compared to the stock's closing price of RM3.31 on Sept 6.

The disposal reduced Afinaliza's stake in ITMAX to 4.58%, below the 5% threshold required for substantial shareholding status, down from 10.6%.

ITMAX’s remaining substantial shareholders are its non-executive director and major shareholder Tan Sri Tan Boon Hock, along with his son, managing director and chief executive officer William Tan Wei Lun. Together, they control a 53.26% stake through Sena Holdings Sdn Bhd.

Shares in ITMAX closed two sen, or 0.6%, lower at RM3.28 on Tuesday, giving the company a market capitalisation of RM3.38 billion. Year-to-date, the stock has risen by over 83.24%.

2 months ago

NatsukoMishima

Another cut vege stock !

2 months ago

NatsukoMishima

Start dump action already ,u will regret not take profit now !

2 months ago

GemSeekers

may your wish come true , i waiting for it

2 months ago

treasurehunter

ITMAX had clinched 4th Johor car park contract from SEGAMAT MUNICIPAL COUNCIL (MPS) for around 3100 car park lots too

and WIP to cover whole Johor car park
Muar
Pengerang
Pontian
Yong Peng
Kluang
Pasir Gudang
Kota Tinggi
Labis
Simpang Renggam

2 months ago

GemSeekers

TP 5.80 , more to come

2 months ago

GemSeekers

ITMAX anticipates significant growth in demand for smart
city solutions, driven by the rapid urbanization process
occurring across Malaysia. Notably, the Malaysian
government has established the Malaysian Smart City
Framework, providing national-level guidelines aimed at
expediting the transformation into smart cities. Therefore,
ITMAX received multiple inquiries from potential
customers regarding the adoption of smart city solutions.
In our steadfast commitment to enhancing our services
for our clients, our research and development (“R&D”)
department has developed 31 artificial intelligence (“AI”)
features. These in-house AI features not only increase
the efficiency in city management but also contribute
to our financial performance. Moving forward, we will
continue to invest in expanding our services portfolio to
maximise the value we deliver to our clients.
Furthermore, we have made significant investments
in our technological infrastructure by upgrading our
AI servers to the DGX H100, one of the most powerful
servers offered by NVIDIA, a leading company in the
design and manufacturing of AI and computer graphics
processors. We are confident that this upgrade will
enhance our capability in the R&D processes, enabling
us to develop tailor-made solutions to address our
clients’ pain points effectively.
In line with our strategy to extend our geographical
footprint, we continue to make strides in our expansion
into Johor, as supported by the numerous contracts we
have secured in Johor over the past year. Besides Johor,
we are actively engaging with other states. In addition,
ITMAX targets to grow its presence in the enterprise
sector, capitalising on the increasing demand in this
market segment.

2 months ago

GemSeekers

LIST OF THIRTY (30) LARGEST SHAREHOLDERS
1. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Private Wealth Management For Sena Holdings Sdn. Bhd.
(12022639) (444576)
430,600,000 41.84
2. Ganda Sensasi Sdn Bhd 109,000,000 10.59
3. Hsbc Nominees (Tempatan) Sdn Bhd
Sena Holdings Sdn. Bhd.
65,000,000 6.31
4. Citigroup Nominees (Tempatan) Sdn Bhd
Cbhk Pbgsg For Sena Holdings Sdn. Bhd
52,000,000 5.05
5. Citigroup Nominees (Tempatan) Sdn Bhd
Exempt An For Aia Bhd.
33,606,200 3.26
6. Cimb Group Nominees (Tempatan) Sdn Bhd
Cimb Commerce Trustee Berhad For Kenanga Shariah Growth Opportunities
Fund (50156 Tr01)
14,006,600 1.36
7. Hsbc Nominees (Asing) Sdn Bhd
Morgan Stanley & Co. International Plc (Firm A/C)
10,558,100 1.02
8. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Manulife Investment Shariah Progress Fund
10,213,100 0.99
ANALYSIS OF
SHAREHOLDINGS
AS AT 29 MARCH 2024
Cont’d
ANNUAL REPORT 2023
143
ITMAX SYSTEM BERHAD (Registration No. 200101008580 (544336-M))
LIST OF THIRTY (30) LARGEST SHAREHOLDERS cont’d
No. Name No. of shares %
9. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Aham Select Opportunity Fund
10,179,100 0.99
10. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Pertubuhan Keselamatan Sosial
(Aff Hwg6939-403)
7,627,000 0.74
11. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Principal Dali Equity Growth Fund
7,306,900 0.71
12. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Lbf)
7,189,400 0.70
13. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Lsf)
7,067,100 0.69
14. Maybank Nominees (Tempatan) Sdn Bhd
National Trust Fund (Ifm Aham) (410195)
7,052,700 0.68
15. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Leef)
6,088,400 0.59
16. Cartaban Nominees (Asing) Sdn Bhd
The Bank Of New York Mellon For Greatlink Asean Growth Fund
5,789,000 0.56
17. Maybank Nominees (Tempatan) Sdn Bhd
Maybank Trustees Berhad For Manulife Investment - Hw Flexi Fund (270519)
5,619,900 0.55
18. Amsec Nominees (Tempatan) Sdn Bhd
Ambank (M) Berhad
5,518,900 0.54
19. Cimb Islamic Nominees (Tempatan) Sdn Bhd
Cimb Islamic Trustee Berhad - Kenanga Syariah Growth Fund
5,211,400 0.51
20. Citigroup Nominees (Tempatan) Sdn Bhd
Kumpulan Wang Persaraan (Diperbadankan) (Nomura)
5,000,000 0.48
21. Tokio Marine Life Insurance Malaysia Bhd
As Beneficial Owner (Pf)
4,985,000 0.48
22. Maybank Nominees (Tempatan) Sdn Bhd
National Trust Fund (Ifm Kenanga) (410196)
4,881,300 0.47
23. Cimb Group Nominees (Tempatan) Sdn Bhd
Exempt An For Petroliam Nasional Berhad (Acf-Kenanga-Eq)
4,859,700 0.47
24. Citigroup Nominees (Tempatan) Sdn Bhd
Great Eastern Life Assurance (Malaysia) Berhad (Dr)
4,818,500 0.47
25. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Aham Aiiman Growth Fund
4,565,000 0.44
26. Cimb Group Nominees (Tempatan) Sdn Bhd
Exempt An For Petroliam Nasional Berhad (Acf-Affin-Eq)
4,550,700 0.44
27. Amanahraya Trustees Berhad
Pmb Shariah Growth Fund
4,500,000 0.44
ANALYSIS OF
SHAREHOLDINGS
AS AT 29 MARCH 2024
Cont’d
ANNUAL REPORT 2023
144
ITMAX SYSTEM BERHAD (Registration No. 200101008580 (544336-M))
LIST OF THIRTY (30) LARGEST SHAREHOLDERS cont’d
No. Name No. of shares %
28. Cimb Group Nominees (Tempatan) Sdn Bhd
Cimb Commerce Trustee Berhad For Kenanga Growth Opportunities Fund
(50154 Tr01)
4,398,900 0.43
29. Tokio Marine Life Insurance Malaysia Bhd
As Beneficial Owner (Tmef)
4,200,000 0.41
30. Hsbc Nominees (Tempatan) Sdn Bhd
Hsbc (M) Trustee Bhd For Pertubuhan Keselamatan Sosial
(Uob Amm6939-406)

2 months ago

GemSeekers

from here we can see how strong is the 30 largest shareholders , mostly growth fund .
look like the 6% DBT could be the angel investor that can bring ITMAX to another level .

2 months ago

Joscylyn

Dnt worry, HLIB will be right about Itmax

2 months ago

GemSeekers

ITMAX , monitor closely volume and price action . trending up

2 months ago

GemSeekers

time to fly

1 month ago

GemSeekers

TP 5.80

1 month ago

GemSeekers

rockeet

1 month ago

turbochart

3.5 sold. Small gain 350

1 month ago

GemSeekers

ITMAX just start bear fruit from early phase develop of smart city . there are a lot of upside .

1 month ago

GemSeekers

https://www.businesstoday.com.my/2024/09/23/itmax-unit-awarded-15-years-concession-for-smart-parking-project/

1 month ago

GemSeekers

ITMax announced that Southmax Sdn Bhd a 65% owned subsidiary had accepted the letter of appointment awarded by Segamat City Council to be the operator of smart parking for 7,637 on street parking spaces which are currently gazetted for a contract period of 15 years.

Both parties are to enter into a contract in respect of the smart parking operation, including all terms agreed upon among the parties.

The implementation of smart parking system will begin on 1 October 2024 with a revenue sharing at the rate of 70% (SSB) and 30% (MPS) for all parking collections including hourly parking, daily parking, monthly parking, season passes and temporary parking rental and parking compounds.

1 month ago

GemSeekers

more to come , TP 5.80

1 month ago

GemSeekers

once break 3.59 going test new high

1 month ago

klee

Likely to sapu all smart parking in johor.
Prime beneficiary of spore johor sez,no wonder unstoppable rise frm ipo pr of 1.07.

1 month ago

GemSeekers

Revenue forecast.
Our back of the envelop calculation takes into assumption of 40%
utilisation rate for 10 hours (8am-6pm) which translates to 4 hours per day. With 6 days
parking operations for 7.6k parking bays at RM0.60 per hour, this translates to RM440k
revenue per month which equals to about RM5.3m per year. Based on the revenue
sharing of 70%-30%, this would garner RM3.7m per annum for ITMAX. With 50%
margin assumption this could lift its bottom line by ~RM1.8m per year. We understand
that this award is only the first phase and there are 2-3k more parking spaces to be
gazetted.

Expansion of its capability.
The revenue generated from the smart parking system
will provide additional recurring income for the group. We remain upbeat and this
development strengthens our belief that this will propel its earnings to the next level. To
note, MPS is the fourth smart parking job win in Johor for ITMAX after securing Majlis
Bandaraya Iskandar Puteri (MBIP) in June 2024 ,Majlis Perbandaran Kulai (MPKu) in
July 2024 and Majlis Daerah Tangkak (MDT) in early September 2024. We see
significant opportunities for the group to expand this service to the other 12 councils.
Assuming a total of 200k parking bays in the greater Johor area, with 6 days parking
operations at 4 hours per day (40% utilisation rate) and RM0.60 per hour, this would
garner average RM11.5m monthly or RM138.2m per year. With the same term of 70%-
30% revenue sharing and 50% margin, this could lift up the group bottom line by
RM48m per year

1 month ago

GemSeekers

somemore with the revival of forest city , outlook of ITMAX is superb

1 month ago

Lee Ying Yee

no qualify PE 50 ?? high earning b high dividend .

1 month ago

klee

Likely to break all time high of 3.67 n explode soon frm the price action.

1 month ago

klee

One of the best johor themed stock
well connected to be able to sapu 4 johor councils parking
sky is limit....

1 month ago

klee

wait for announcement of another piece of good news

1 month ago

treasure_hunter

ITMAX had clinched 5th Johor car park contract from MUAR MUNICIPAL COUNCIL from October 2024
and WIP to cover whole Johor car park

Pengerang
Pontian
Yong Peng
Kluang
Pasir Gudang
Kota Tinggi
Labis
Simpang Renggam

1 month ago

GemSeekers

TP 5.80 , more to come . It just like a cash generate machine .

1 month ago

GemSeekers

Fifth smart parking job win
ITMAX has accepted MPM’s LOA to be the smart parking operator for 8.6k street
parking spaces for a period of 15 years. We remain upbeat and this development
strengthens our belief that this will propel its earnings to the next level. This is
the fifth job win relating to smart parking solution after securing MBIP in June
2024, MPKu in July 2024, MDT and MPS in Sept 2024. With this, we are confident
that the group would be able to expand its reach to another 11 districts in Johor.

1 month ago

GemSeekers

We opine that ITMAX deserves a premium valuation as it has unique direct exposure
to the AI theme, especially at the application level. We believe that this home-grownsmart city integrated system and solution provider is a compelling case given its multiyear growth potential on the back of solid order and tender books.

1 month ago

GemSeekers

multi baggers in the making

1 month ago

GemSeekers

no wonders FUND keep sapu

1 month ago

minichart

ITMAX continues to build a solid orderbook, leveraging AI technologies and unique database systems for competitive advantage. The company sees multi-year growth potential across Kuala Lumpur, Johor, and Penang, driven by smart city solutions, AI-enhanced services, and expansion into new regions. The stock is recommended as a BUY with a target price of RM4.10, reflecting a projected upside of 13.5%.

https://www.minichart.com.sg/2024/10/09/unlocking-itmax-systems-growth-potential-through-smart-city-innovations/

1 month ago

GemSeekers

is coming , break 3.67 will rocket to the moon

1 month ago

GemSeekers

no doubt CCTV video surveillance , smart LED lighting is poised to grow significantly to become smart city .

1 month ago

GemSeekers

from here we can see how strong is the 30 largest shareholders , mostly growth fund .
look like the 6% DBT could be the angel investor that can bring ITMAX to another level .

FUND is cornering this stock , going to the moon .

1 month ago

GemSeekers

that why 6% transaction for the price 3.40 , is a wild card now. something great must be on the way .

1 month ago

GemSeekers

break 4.00 will be just a blink , lets go !

1 month ago

klee

this is a cornered stock,operator not in a hurry at all
one by one the smart parking in johor councils kena sapu
later spread to KL n penang too
final target shud be rm5,then split 1 into 5
this is how the well connected get richer

1 month ago

Joscylyn

After Budget 2025, RM4 😃

1 month ago

troy88

Still one of the very few tech stocks in bursa that is resilient when the others mostly dumped like toilet paper..

1 month ago

kelvinsia39

What is happening today? The stock performance is not updated today - something wrong with the investor i3 system?

1 month ago

turbochart

3.7sold.small gain 200.

1 month ago

treasure_hunter

Opportunity for ITMAX from Budget 2025
1) RM178 million is allocated for the installation of new streetlights and smart traffic lights on federal roads nationwide.
2) 180 high-definition CCTV cameras and 45 emergency buttons will be installed in Putrajaya and Labuan to enhance safety levels.
3) Projects to build and repair bridges, as well as install and maintain village streetlights, will continue with an allocation of over RM350 million.
4) The government will announce a special incentive to attract quality investments and offer high-value jobs in the Johor- Singapore Special Economic Zone by the end of this year.
5) The government has approved Forest City in Johor as a Duty-Free Island to support tourism and local economic activities.

1 month ago

Joscylyn

Looking at current market condition, it's really nice trade, turbochart

3 weeks ago

abcb

Sell all and take profit, overvalued right now. May possibility drop to below 3.00
NTA:0.36
PE Ratio:51.3 RPS only 0.068

2 weeks ago

Joscylyn

ITMAX got strong order books. No need to worry about it

6 days ago

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