【IFCAMSC 0023 交流专区】 IFCA多媒体

sephiroth9457

希望能更上一层楼

sephiroth9457

GST受益者 IFCAMSC多媒体股项可关注
财经专栏 July 7, 2014
http://www.uniteddaily.com.my/?q=node/78759

IFCA多媒体（IFCAMSC，0023，科技组）股项最近的交易价量皆升。这或许是受到投资者寻求政府在明年4月推行的消费税收益者有关。该公司母股和凭单在上周三创下16仙和9仙的年度高峰后进行调整。在上周五闭市时，IFCA多媒体和凭单分别以14仙和8仙结束交易。

IFCA多媒体是马来西亚和亚洲房地产软件供应商的领航企业。该公司的顾客包括大马，新加坡和中国最大的产业公司如森那美集团，凯德集团，万达集团等。 IFCA多媒体在最近发行的最新年报披露该公司为首家获得大马政府认可的产业软件公司。在2014年3月结束的2014财政年首季，IFCA多媒体取得了1369万令吉的营业额，比2013年同期增长40%。这使得公司业绩转亏为盈取得了42万令吉的净盈利。IFCA多媒体在业绩报告随着消费税即将推出，该公司的前景可观并宣布已经持有2000万令吉的订单。除此以外，该公司还持有接近2900万令吉的现金。

IFCAMSC-WA目前已经是一项价内凭单。它的溢价比起以往还未到价的时候已经显著下跌。不过该凭单目前的估价也不算便宜。尽管如此，IFCA多媒体若继续上涨的话那这凭单也是值得关注的。

凭单价    RM0.080
母股价    RM0.140
行使价    RM0.100
凭单到期日期    15/2/2016
溢价    28.6%
杠杆比率    1.75x
母股历史波幅    85.1%
引伸波幅    98.4%
对冲值    0.83
有效杠杆    1.45x

●温世麟

sephiroth9457

Sheda calls for building materials to be zero-rated from GST
by Sharon Kong, sharonkong@theborneopost.com. Posted on June 19, 2014, Thursday
http://www.theborneopost.com/2014/06/19/sheda-calls-for-building-materials-to-be-zero-rated-from-gst/

KUCHING: The Sarawak Housing and Real Estate Developers’ Association (Sheda) has appealed to the government for building materials to be zero-rated from the Goods and Services Tax (GST) in addition to its call for residential properties to be reclassified.

Sheda secretary-general,Sim Kiang Chiok said the association has appealed to the federal government through a joint memorandum with Real Estate and Housing Developers’ Association (Rehda) and Sabah Real Estate and Housing Developers’ Association (Sarehda) for building materials – such as cement, bricks and steel bars that do not attract sales tax – to be zero-rated from GST.

“Doing so will not add any cost to the materials, thus building costs will be less impacted by the GST,” Sim explained during the GST Property Development Perspective Seminar held here yesterday. “Any increase in supply cost will naturally spillover into an increase in building costs.

“This is simply a case of logical progression and mathematics.”

In addition, Sheda also recommended for residential properties be reclassified as zero-rated supply instead of exempt-rated so that suppliers and contractors will be able to claim input credit tax and not be forced to drastically increase the cost of building houses.

If residential houses fall under exempt-rated instead of zero-rated supply, Sim said developers will not be able to claim back GST that has been imposed on building materials.

“An inability to claim back such tax will also naturally lead to higher building and development costs,” he said.

Sim pointed out that what the public is not aware of is that developers have to bear a huge capital in order to succesfully complete a project.

“They have to comply with the requirements of over 14 agencies and are liable for severe penalties as well as heavy risks,” he noted.

For that reason, Sheda held a GST seminar yesterday from the perspective of property development to educate the public on the GST impact toowards the property sector. The seminar was held in collaboration with IFCA MSC Bhd (IFCA) and facilitated by Daniel Chow, the chief financial officer (CFO) of IFCA.

With the implementation of GST just around the corner, Sim affirmed the need for businesses to be better informed and understand the significant impact it will have on the property market to ensure their financial and business strategies are ready to tackle the new tax system.

In addition, Sim noted that players will need to be ready to communicate these issues with potential customers and business associates.

安西教练

IFCA MSC BERHAD TO HOLD GST WORKSHOP AND SEMINARIFCA MSC Bhd, the first Goods and Services Tax-accredited property business software company, is holding a three-day workshop designed for the property and contruction industries. The workshop will be held from June 9 to 11 at Kuala Lumpur Golf & Country Club from 9am to 5pm.

Its objective is to give participants insights into what GST means to their businesses and provide them with practical solutions and guidelines on how to avoid costly mistakes.

IFCA is taking the lead to educate developers, contractors and property managers on what GST means to their businesses, said Leong Nyu Kuan, IFCA’s Chief Operating Officer.

“The GST isn’t just about output tax and input tax. That’s just the tip of the iceberg.  Many rules and guidelines need to be comprehended and applied correctly to avoid costly reworks. Any mistakes made may be discovered until only a few years later when the GST returns are audited,” said Leong.

The Guest Speaker of the workshop is Wan Leng Whatt, who is Ex-Deputy Director of Royal Customs Pioneer GST Policy Maker.

“This GST workshop will build your knowledge and set the foundations for your ground-breaking journey to implement GST for your business, with confidence,” he said.

Following the government’s announcement that the GST will be implemented on April 1 2015, IFCA has also customized its products to be GST-ready according to Royal Malaysian Customs department guidelines. IFCA system is now ready to service its existing customers and potential new customers.

Besides the workshop, IFCA has already been conducting a roadshow of one-day seminars in five cities nationwide since March, namely in Penang, Kuala Lumpur, Kota Kinabalu, Kuching and Johor Baru.

The roadshow will continue in Ipoh at Symphony Suite on May 28 and in Kuantan at Zenith Hotel on June 4.  IFCA recently opened offices in these two cities. When the roadshow ends in June, it would have attracted over 2,000 participants.

Besides knowledge transfer, a demonstration on how IFCA has incorporated the GST requirements into their products, will also be available to the participants.

“We are glad to educate the participants with GST knowledge through the seminars which we are sure to benefit many industry players.” said Leong. “The education will not stop here as we plan to continue hosting more seminars and workshops in months to come, with the objective to help as many companies to be GST-ready as soon as possible”.

Source: http://www.ifca.com.my/?news=fir ... ers-to-be-gst-ready

中文

sephiroth9457

sephiroth9457 发表于 18-7-2014 10:50 AM
GST受益者 IFCAMSC多媒体股项可关注
财经专栏 July 7, 2014
http://www.uniteddaily.com.my/?q=node/7875 ...

凭单专栏：母股若续上涨 IFCA-WA 可关注
凭单专栏 财经周刊 投资观点  2014-07-07 13:03
http://www.nanyang.com/node/633356?tid=687



温世麟硕士

henry1014

Tomorrow 能更上一层楼!!!

sephiroth9457

henry1014 发表于 23-7-2014 09:31 PM
Tomorrow 能更上一层楼!!!

今天破新高31仙

sephiroth9457

跌回23。5仙了。。。。

sephiroth9457

icy97 发表于 20-2-2013 09:21 PM

IFCA = International Federation of Accountants?

sephiroth9457

GST .............................

http://gst.customs.gov.my/en/Pages/default.aspx

kimhaolian

回軟了是時候可以買入了？

jy6238

他chat不漂亮。。

henry1014

今天又上了！

danli

回軟了 be careful

sephiroth9457

enter 24c ^^

sephiroth9457

GST Registration starts on October 2014
It is the recommended period of time to register GST since it provides adequate time for businesses to make preparation

January 2014
GST system makes compulsory for businesses which exceeded the prescribed threshold to register GST

1st April 2015
GST registered businesses begin to charge 6% GST

sephiroth9457

KUALA LUMPUR (Aug 18): IFCA MSC Bhd, whose shares and warrants have flattened after their recent rise, rebounded ahead of its second quarter results announcement, expected tomorrow (Aug 19).

At 3:41 pm, shares of the accounting software producer were 3.5 sen or 14.58% higher at 27.5 sen with 36.43 million shares traded. IFCA MSC’s counter was earlier traded to a high of 28 sen, its highest price since Jul 31 when it touched 31 sen before closing at 28 sen. The stock cooled afterwards.

Concurrently, IFCAMSC-WA warrants were up by 2.5 sen or 12.82% to 22 sen after hitting the day’s high of 22.5 sen. A total of 24.24 million of the derivatives changed hands. At the last traded price, the one-for-one warrants were traded at a 16.36% premium to its mother share. IFCAMSC-WA has a strike price of 10 sen and will expire on Feb 15, 2016.

An executive familiar with IFCA told theedgemalaysia.com that the accounting software producer would announced its results for the second quarter ended Jun 30, 2014 (2QFY14) tomorrow.

Recently, The Edge and theedgemalaysia.com quoted CEO Ken Yong and Chief Operating Officer Leong Nyu Kuan as saying that IFCA was looking to finally reap the benefits of the impending goods and services tax (GST) system. Businesses are required to change their accounting software before the new tax system kicks in on Apr 1, 2015.

IFCA has a niche market among property developers and hotel and club operators. According to Yong, about 70% of the listed property developers in Malaysia are clients of IFCA.

The company is also expanding in China, according to Leong, and has seen an increase in its client base there after a long gestation period.

The edge
http://www.theedgemalaysia.com/business-news/303241-hot-stock-ifca-msc-shares-warrants-rebound-before-2q-results.html

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2014	30/06/2013	30/06/2014	30/06/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	18,252	12,928	31,942	22,711
2	Profit/(loss) before tax	3,606	810	4,364	14
3	Profit/(loss) for the period	3,184	792	3,887	-22
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,002	578	3,423	71
5	Basic earnings/(loss) per share (Subunit)	0.67	0.13	0.76	0.02
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.1200		0.1100

sephiroth9457

• A GST play, to benefit from the property industry spanning upgrades for GST.
• Massive jump in earnings expected; IFCA is ready to reward shareholders.
• We value IFCA at MYR0.42, based on 14.5x FY15 PER. The stock is an under-researched gem.
  

What’s New
IFCA is a business software solution company specializing in the property industry. It has a monopoly-like business model with 70% market share in the Malaysian property software industry.

IFCA is the biggest beneficiary of GST implementation in the property sector. It has chalked up higher sales contracts in 1H14 of MYR42.1m at its Malaysia operation alone (2013: MYR38.9m) on upgrades in IT systems by the developers. As only 10% of its existing clients have upgraded/are upgrading their software for GST implementation, we see enormous potential for IFCA.

IFCA is also reaping the fruit from its aggressive expansion in China over the past ten years. Its China operation is expected to record strong double-digit growth in sales/earnings; it will likely overtake its Malaysian business as the key earnings driver by 2016-17. The company is ready to reward shareholders with dividends/free warrants. It also plans to transfer to the Main Market.

What’s Our View
Based on our back-of-the envelope calculation, we project a strong 406% growth in FY14 net profit to MYR8.8m, and a 50% growth in FY15 to MYR13.1m. These are premised on strong contract sales and improving net margins. As at June 2014, balance sheet was clean with a net cash of MYR30m or 6.7sen/sh.

Pegging it to 14.5x PER (10% discount to the average of peers of 16.1x), we derive a fair value of MYR0.42 for IFCA.

Source: Maybank Research - 25 Aug 2014


消費稅系統帶動獲利 競優交投過熱遭質詢
財經股市25 Aug 2014 20:48
http://www.chinapress.com.my/node/554962

（吉隆坡25日訊）競優國際（IFCAMSC，0023，創業板科技）連日交投過熱，遭馬證交所發出“異常交易活動”質詢，但無阻熾熱交投，攜憑單列入今日最熱門股項。

消費稅即將開跑，競優國際旗下客戶僅10%已安裝或提升會計系統，未來獲利成長空間大，加上中國業務穩健，該公司隨時回饋股東，並轉至主要板交易。

分析報告利好一出，競優國際及憑單皆交投熱烈，同為早盤最熱門股項，母股開市微揚0.5仙至27仙水平，至休市時揚勢擴大至7仙，掛33.5仙，成交量8685萬4500股；午盤交投依然熾熱，閉市時起8.5仙，掛35仙，成交量1億3887萬7200股。

憑單競優國際-WA（IFCAMSC-WA，0023WA，創業板科技）同樣微揚0.5仙開市，掛21仙，閉市則起7仙，掛27.5仙，成交量1億874萬2100股，兩股相加成交量超過2億股，遭馬證交所發出異常交易活動質詢，至截稿前未回復。

該公司過去10年在中國大型擴展計劃已見成果，銷售及收入成功錄雙位數增長，2016年至2017年可取代大馬業務成為主要成長動力。

“該公司已準備就緒，計劃派息或免費憑單，同時也有轉戰主要板的計劃。”

幾乎壟斷房產軟件市場

馬銀行投銀分析師黃薇芯在報告中指出，競優國際幾乎壟斷國內房產軟件市場，擁有約70%市佔率。

“該公司將在消費稅下受惠，單單是上半年在本地接獲提升系統的合約總值已達4210萬令吉，目前僅10%客戶已針對消費稅提升軟件，未來成長空間大。”

Will8871

买入WA在0.27过后收在0.26.希望明天直线上。