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If infom can go 1.5 , Infotec can go at least RM 3 . Jesse deemed it as undervalue at this juncture , as they have more than 30 mil unbill , strong order book, new entity and new customer at Singapore, currently trading at only 230 mil market cap , which is significant lower compared to the nearest peers ( LGMS , Infomina which has 580 mil and 830 mil market cap )
Lang say 1.50, some at 1.40 baru masuk, waiting for 1.50 and bagging for break above 1.50, once really break, buy more chase ? paper profit better than real profit?
hater only can hate becuz jesse didnt wait him and not setting cut loss. thank kiu jesse for the recommendation stock. Waiting u to come back nxt time .
Infomina's 1H net earnings within expectation, stronger 2H expected, says CGS-CIMB Research
NST Wed, Jan 18, 2023 04:18pm - 23 minutes
The firm expects a stronger 2H for the company owing to its typically strong progress billings in 2H of Infomina's financial year and higher orderbook recognition.
KUALA LUMPUR: Infomina Bhd's net profit of RM11.2 million in the first half (1H) of FY23 came within CGS-CIMB Research's expectations, making up 36.3 per cent of its full-year FY23 earnings per share estimates.
The firm expects a stronger 2H for the company owing to its typically strong progress billings in 2H of Infomina's financial year and higher orderbook recognition.
As of December 2022, CGS-CIMB Research estimated that Infomina is sitting on an orderbook of RM530 million, which
should last until end-FY27.
"On top of that, we gather that Infomina's tenderbook is above RM380 million. From this amount, the company expects to win several contracts from its domestic and foreign markets in the next three to six months.
"We also believe Infomina stands to benefit from the ongoing expansion plans by its new and existing customers in the mainframe and IT transformation space," it said in a note today.
Meanwhile, CGS-CIMB Research said that as of end-1H, Infomina's cash position was at RM94 million.
Hence, the firm forecasted Infomina's annual dividend payout of 20 per cent for FY23-FY25, translating into dividend yields of 0.7-1.0 per cent.
"While we believe that there is an opportunity for Infomina to pay more dividends, we believe that it is likely to keep its cash to fund any large-scale projects (especially for turnkey projects that require upfront purchases while payments are based on project milestones) and for working capital for each overseas subsidiary," it added.
CGS-CIMB Research has maintained its 'Add' call on Infomina with an unchanged target price of RM1.70.
Infotec maintain TP RM 2.50 , undervalue compared to Infomina (812mil mc) , lgms (600mil mc) . The company aims to start own Security Operation office and network operation centre on first Q of 2023 , and expand to international presence. Current Quarter consist impairment losses on financial assets of Rm 1.90 mil if not the PBT will be Rm 6.3 mil. The company is zero debt and with RM 37.84 mil cash. Net cash from operating: RM 15,076,000. FYE2022 : RM 72.84 mil
FYE2021 : RM 44.59 mil