QUOTE(Boon3 @ Jul 19 2014, 04:41 PM)
Hehe... yes this chart was posted on Jul 19.
IFCA now 42 sen!!!
Saw this mornings news...
http://www.thestar.com.my/Business/Investi...s-CIMB-Research
Stock price fly till bang bang sound so geng now only publish such a report mehhhhhhh.....

Key point:
QUOTE
IFCA is the country’s dominant software solutions provider for the property sector, with more than 70% market share. Its software is for property development, property management, clubs and hotels. IFCA currently has more than 1,000 customers (and has distributed more than 50,000 software licences).
“The next two years will be bumper years for the company as domestic property developers upgrade their GST software in Malaysia ahead of the April 1 GST implementation.
Kinda acceptable ....
However, most people ONLY focus on the Toilet Paper.
The TP is 52 sen.
Do they care how the Toilet Paper is derived?
QUOTE
CIMB Research said assuming IFCA’s 2015 net profit is around RM15mil (2.5 sen EPS fully diluted) and if it pegged the stock at 21 times 2015 P/E (in line with peers MyEG and Cuscapi), the stock could be worth 53 sen.
Current net profit is only about 5 millions.
Which means CIMB is saying profit will triple.
Then I start to wonder.....
This software business so geng until IFCAMSC can earn so much money? (IFCA does have a very solid balance sheet. Lots of real toilet paper ie money in their banks!!!)
I then start to wonder out loud...
around more than 1000 customers only.
Say use 1200 customers.
To make 15 million, from these customers, IFCA would be making around 15mil divided 1200 = 12,500 per customer.
Waaa..... software business.... business so profitable one mehhhhhh?
(of course this simple calculation is most likely flawed cos I would have to take into consideration the potential of new customers)