KLSE: IFCAMSC (0023)       IFCA MSC BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.38   0.00 (0.00%)  0.375 - 0.38  506,900
Analyze this stock with MQ Trader system


Market Cap: 231 Million
NOSH: 608 Million
Avg Volume (4 weeks):2,890,868
4 Weeks Range:0.37 - 0.405
4 Weeks Price Volatility (%):
52 Weeks Range:0.295 - 0.52
52 Weeks Price Volatility (%):
Average Price Target: 1.01
Price Target Upside/Downside: +0.63
Stamp duty exempted for year 2021

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2020 [#4]  |  24-Mar-2021
Next QR | Est. Ann. Date: 31-Mar-2021  |  26-Jun-2021
T4Q P/E | EY: 27.80  |  3.60%
T4Q DY | Payout %: 1.32%  |  36.57%
T4Q NAPS | P/NAPS: 0.2  |  1.90
T4Q NP Margin | ROE: 10.30%  |  6.84%


Date Subject
25-Jan-2021 Trading Stocks - IFCA MSC
25-Jan-2021 Technical Buy - IFCAMSC (0023)
30-Nov-2020 Trading Stocks - IFCA MSC
19-Aug-2020 Technical Buy - IFCAMSC (0023)
28-Jul-2020 Trading Stocks - IFCA MSC
08-Jul-2020 IFCAMSC- Technical Outlook [8/7/2020]
02-Jun-2020 Daily Market Update - 2 Jun 2020 (CARIMIN, IFCAMSC)

Business Background

IFCA MSC Bhd is engaged in the research and development of enterprise-wide business solutions. The company provides business software solutions for the property industry. These properties cover shopping malls, chain stores, residential, industrials, commercials, resorts, hotels and recreational sports clubs. It operates through two geographical segments namely Malaysia and Foreign. The Malaysia segment includes turnkey e-business applications. Its Foreign business segment focuses on research and development center for all customized projects for China market.
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

  59 people like this.
DickyMe 30 sen coming soon!
11/03/2021 12:06 PM
Investing_Bursa Wow moving up !
11/03/2021 2:58 PM
shareprofit joke, welcome to be trapped
11/03/2021 4:21 PM
Investing_Bursa If going up everyday, it’s good to be trapped ....lol
11/03/2021 4:37 PM
lrbvuop https://www.sinchew.com.my/content/content_2440802.html

Maybe this is the reason for today
11/03/2021 8:11 PM
5c0160 Operator trap ikan bilis everyday. LOL
11/03/2021 9:20 PM
Happy_Sad come on....wake up please....
16/03/2021 3:11 PM
Vess88 https://www.theedgemarkets.com/article/mof-undertaking-study-widen-revenue-base-including-reinstating-gst
16/03/2021 4:51 PM
Investing_Bursa Coming soon
16/03/2021 6:58 PM
lrbvuop https://www.freemalaysiatoday.com/category/nation/2021/03/16/government-not-ruling-out-return-of-gst/
17/03/2021 9:28 AM
Investing_Bursa Good time to top up
17/03/2021 10:46 AM
zhm540 Yes, GST is coming back. Good news for IFCA
17/03/2021 4:14 PM
Hafid 0.50
18/03/2021 1:48 PM
Inspivest https://www.edgeprop.my/content/1817679/no-gst-or-new-additional-tax-now-says-tengku-zafrul?wref=edgemarkets
18/03/2021 5:04 PM
Abd Rahim Osman Wayang habis
18/03/2021 5:13 PM
5c0160 Be ready with the coming delay QR with big losses.
18/03/2021 6:12 PM
Abd Rahim Osman Dont worry
GST just bonus for IFCAMSC
QR result will be ok since china has improved
18/03/2021 6:34 PM
Bullkobear Bad news is good news
18/03/2021 6:42 PM
Huiyee95 Anyone here invest in ifca not becoz of GST???

Ex- CEO during interview in 2017 has told that ifca not relying on revenue from GST anymore. Instead, investor should expect more from ifca.

The reason for me to invest in ifca
1. ROE growth YoY due to the growth in profit margin as Ifca exit the low profit margin hardware business in 2019 and focus solely on software business. This move has slightly decrease the revenue but improve the profit margin profile.

Besides, transforming the business from sales of software to renting software (SaaS) has seem temporarily decrease the revenue YoY but it will contribute stable recurrent income yearly for ifca in future. SaaS revenue of ifca has growth over 85% YoY as of 2019. SaaS business definately has higher profit margin profile than ifca traditional on premise ERP business.

3. We can expect revenue growth from launching of many cloud products from ifca recently. From my observation, ifca China team has proved to be more efficient. Since last year Feb, ifca has successfully launched 6 cloud products and has secured at least 5 big projects for their cloud products since product launching. If you read the quarter reports, you can see Ifca earning in 2020 mostly depending on China operation as Malaysia and Indonesia operation affected by MCO badly. However, if you follow ifca social website, can see Malaysia operation has actively come back into track in 2021. Thus, we can expect revenue growth in 2021 when all China, Malaysia and Indonesia business growth post pandemic as digitalisation of the business especially enable mobility is no longer a nice to have things but already become a must have things in order for them to stay competitive.

4. Based on past year record, Q4 earning is usually the highest among four quater due to ifca's customer payment mode. However, I do not has high expectations for coming QR as the earning mostly contribution from China operation only. Instead, I expect the Q1 2021 that going to release on May will improve the EPS significantly when compared to loss RM-2.7 mil in Q1 2020.

5. However, every investment come with risk. The biggest risk that I found in ifca is Indonesia operations not able to catch up the trend and continue to rely on traditional ERP business. But this will not affect the current revenue so much as indonesia operation only contribute 11% to the ifca current revenue. But if this happen, it will affect the PE valuation in future as acquisition of Indonesia business carry Goodwill of RM20 mil. However, once ifca indonesia able to pick up the trend, the business potential in Indonesia will be much much much bigger than Malaysia based on its 270 mil population size and most of the property developers in Indonesia still using the old version window based software and will upgrade their software eventually.

5. Second risk is the company management problem. Currently still no new CEO has been appointed since the ex-CEO left in 2019. If ifca can solve this
problem soon, I believe investor will have more confident with the top management.

6. Not forget to remind everyone that ifca actually has fulfilled the criteria to transfer into mainboard. Personally believe that in order to gain more reputation for it's business, ifca high chance will transfer to main board in near future. The new appointed director
has vast experience in these field.

Last coming back to GST, the implementation of GST will significantly improve the EPS and PE valuation for ifca. But it is nice to have but ifca business not solely relying on GST anymore.

Personally, my target price for ifca at least above RM1 in 2022 even if government not implement new tax regime in future. It is just a extra bonus if there is new tax regime.

Above just my very shallow opinion based on the very limited info that I have gathered. Trade on your own risk k.
19/03/2021 10:59 AM
Abd Rahim Osman Dia sudah kenyang makan RM0.39-RM0 40
Minggu depan.. Ada harapan
19/03/2021 3:34 PM
Mike Jcy Haha....@5c0160 when I saw your msg as oway gv bad comment to this counter mean we shld buy more v wait for fortune....haha
20/03/2021 12:45 PM
chesslim 记住,当别人恐惧时你要贪婪。
20/03/2021 7:20 PM
Happy_Sad remember!! got money can wait, no money don't wait. buy others stock faster return...
22/03/2021 4:05 PM
FutureGains buy morning tmr if drops bit....38c
23/03/2021 7:31 PM
Investing_Bursa Moving up
24/03/2021 3:32 PM
chua Result must b bad. Announced 0.5 cts dividend. Last yr 1cts.
24/03/2021 6:18 PM
lrbvuop The Board of Directors of IFCA MSC Berhad is pleased to announce a proposed first and final single-tier dividend of 0.5 sen per share in respect of the financial year ended 31 December 2020 which is subject to the shareholders' approval at the forthcoming Annual General Meeting.

The book closure date and payment date will be announced at a later date.

This announcement is dated 24 March 2021.
24/03/2021 6:19 PM
chua Still hv not announce result. Alrdy delay 1 mth. Wah result must b bad
24/03/2021 6:20 PM
5c0160 Confirm very bad.
24/03/2021 6:26 PM
Arnabputih QR confirm very good
24/03/2021 6:43 PM
Huiyee95 Q3 results RM 3.3mil, is within expectation as the profit mainly contributed from China only. Expect next QR will be better whilealaysia and Indonesia operation resume back to normal.
24/03/2021 6:51 PM
lrbvuop The Group recorded higher revenue of RM23.2 million for the current quarter (“Q4FY2020”), an
increase of RM1.1 million as compared to revenue of RM22.1 million in previous year’s
corresponding quarter (“Q4FY2019”). The increase was primarily attributable to China
segment’s continuous growth in Q4Y2020. Thus, the Group registered an increase in profit
attributable to equity holders of the parent company of RM3.3 million as compared to RM2.8
million for the Q4FY2019, representing an improvement of 17.9%.
24/03/2021 6:55 PM
Investing_Bursa Company is very healthy. Unbilled sales RM25mil and cash reserves at rm79mil !
24/03/2021 7:51 PM
DickyMe Disposing this rubbish stock tomorrow
24/03/2021 7:57 PM
Cedric Chan CA If not impairment lose on the contract asset 5 millioms plus otherwise this result is super duper good profit! Now also considered good with 3 millions plus profit.
24/03/2021 8:20 PM
shareprofit Earning growth by few percentages...when profit margin is 97%...really embarassing tech stock sector. Gaji buta all.
24/03/2021 11:03 PM
DickyMe Tech stock workers are nothing but operational support.
They do not contribute to sales or growth of a company.
25/03/2021 7:00 PM
5c0160 One of the rubbish counter at bursa
25/03/2021 8:49 PM
chesslim 记住,当别人恐惧时你要贪婪。
30/03/2021 6:06 PM
lrbvuop 扬帆远航 创新开拓|东旭集团携手竞优软件,打造招采成本双驱动管理平台


04/04/2021 5:11 PM
lrbvuop 竞优软件助力旭辉集团信息化加速“蝶变”,获卓越供应商称号!


04/04/2021 5:12 PM
ThousandWishes Is it a buy now?
21/04/2021 11:48 AM
Vess88 dont waste ur time and money, this counter cant move...
22/04/2021 12:00 PM
chesslim 记住,当别人恐惧时你要贪婪。
26/04/2021 11:51 PM
Armageddon Wow dividend payment on June.
28/04/2021 2:54 PM
snake_eye https://www.klsescreener.com/v2/news/view/822351

sooner or later ifca will get the benefit..just accumulate at this stage..
29/04/2021 11:56 PM
lrbvuop 保质保量 用心筑家|云南筑友携手竞优软件为品质发展插上信息化“翅膀”

30/04/2021 9:48 PM
lrbvuop 乐响云端|竞优软件助力大宁音乐广场“智”造美好服务

30/04/2021 9:49 PM
lrbvuop As govt debt rises, AMRO proposes broadening of tax to restore fiscal buffer for post-pandemic economic stability

04/05/2021 2:19 PM
Hafid sooner or later will be gst so call consumption tax
05/05/2021 2:38 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program

575  350  587 

Top 10 Active Counters
 FOCUS 0.095+0.005 
 TAWIN-OR 0.075-0.03 
 VIZIONE 0.23-0.015 
 UCREST 0.345-0.005 
 TANCO 0.11+0.01 
 JAKS 0.645+0.03 
 MINHO-WC 0.09-0.015 
 TAWIN 0.155-0.01 
 CAREPLS 2.41+0.18 
 HIAPTEK-WB 0.12+0.01 


1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!