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 ITMAX System Bhd (5309), Main Market

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TSnexona88
post Aug 9 2022, 06:08 PM, updated 9 months ago

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ITMAX System Bhd is is offering up to 320 million shares in an initial public offering (IPO) as it seeks to list on Bursa Malaysia’s Main Market.

The 320 million shares comprise 190.55 million new shares and an offer for sale of 129.45 million existing shares.

The institutional offering involves the offering of up to 289.160 million IPO shares (comprising up to 129,45 million offer shares and 159.71 million issue shares), representing up to 28.13% of the enlarged issued shares.

It will offer 128.5 million shares or 12.50% enlarged issued shares to bumiputera investors approved by the MITI; and up to 160.66 million shares to the Malaysian institutional and selected investors.

ITMAX is principally involved in the business of supply and installation and provision of public space networked systems and investment holding while its sole subsidiary, STS is principally involved in the R&D on systems and application software, design and assembly of controllers, supply and installation of networked traffic management system, and providing leased and managed services of video surveillance and analytics systems.

On its competitive strengths, the company said it designed and developed networked video surveillance, lighting and traffic management systems in-house which continues to serve as the platform for its business expansion and growth.

ITMAX said its networked video surveillance, lighting and traffic management systems were designed and developed by our in-house R&D team.

This post has been edited by nexona88: Jul 10 2023, 04:07 PM
abdhadijafar
post Nov 22 2022, 11:59 PM

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xander2k8
post Nov 23 2022, 04:39 AM

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Linked to AES?
pileepalah
post Nov 25 2022, 01:10 PM

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1.07 very xpensive , can hoot or not
nid to think very very carefully, takut macam
Sen Heng , swift or sen fong
IPO ADDICT
post Nov 25 2022, 09:47 PM

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When asked about the cornerstone investors, Maybank IB managing director and head of regional equity capital markets Ramesh Manimekalanandan said they comprise 11 domestic and two foreign investors.

The cornerstone investors included AHAM Capital, AIA, Eastspring, Great Eastern, Hong Leong Assurance, Kenanga Investors, Maybank Asset Management, Principal and CMY Capital, while JP Morgan Asset Management and Lion Global were also mentioned.

ITMAX is involved in the supply, installation and provision of public space networked systems and investment holdings.

Its subsidiary Sena Traffic Systems Sdn Bhd focuses on research and development (R&D) on systems and application software, design and assembly of controllers, supply and installation of networked traffic management system, and provides leased and managed services of video surveillance and analytics systems.
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post Nov 25 2022, 09:55 PM

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“ITMAX’s listing on Bursa Malaysia is part of our next stage of growth,” said its managing director and chief executive officer William Tan Wei Lun.

“To facilitate this market expansion, ITMAX plans to continue to widen our fibre optic communications network as well as setting up a data lake facility in the Klang Valley," he added.

Maybank Investment Bank Bhd (Maybank IB) CEO Datuk Fad'l Mohamed said: “ITMAX IPO is the only public offering in Asean by an integrated systems and solutions provider for smart cities.

"The demand, as seen from the quality cornerstone investors coming on board, has validated the importance of strong, distinct and resilient business models that will stand out in times of uncertainty.”

When asked about the cornerstone investors, Maybank IB managing director and head of regional equity capital markets Ramesh Manimekalanandan said they comprise 11 domestic and two foreign investors.
xander2k8
post Nov 26 2022, 01:26 AM

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Might buy some open market
abdhadijafar
post Nov 26 2022, 01:34 AM

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Pat% and revenue increse from 2019 to 2022 👍
abdhadijafar
post Nov 26 2022, 07:32 AM

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ITMAX (IPO price RM1.07)
===============

engaged in supply and installation of networked system. Revenue is likely to maintain strong and growing forward as the expansion plans are huge from venturing into other states as they are concentrated in certain central (98% contribution to the revenue)

Strong margins recorded due to asset, systems, connectivity and R&D are all owned by them. Hence, it should maintain within the range of 35-45% margins going forward.

Currently at PE of about 30x. We believe the growth is still solid and likely to see a forward PE of around 20x. Based on these range of PE, we believe it will have upside potential in a long term view. As there is some sort of mutual dependency of the clients with ITMAX, it is sort of sticky to change a vendor overnight. Hence they should be priced around PE of 30-35x.

Fair value may range around RM1.60-1.90

Source : M+ Analyst

This post has been edited by abdhadijafar: Nov 26 2022, 07:32 AM
IPO ADDICT
post Nov 26 2022, 02:56 PM

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QUOTE(abdhadijafar @ Nov 26 2022, 07:32 AM)
ITMAX (IPO price RM1.07)
===============

engaged in supply and installation of networked system. Revenue is likely to maintain strong and growing forward as the expansion plans are huge from venturing into other states as they are concentrated in certain central (98% contribution to the revenue)

Strong margins recorded due to asset, systems, connectivity and R&D are all owned  them. Hence, it should maintain within the range of 35-45% margins going forward.

Currently at PE of about 30x. We believe the growth is still solid and likely to see a forward PE of around 20x. Based on these range of PE, we believe it will have upside potential in a long term view. As there is some sort of mutual dependency of the clients with ITMAX, it is sort of sticky to change a vendor overnight. Hence they should be priced around PE of 30-35x.

Fair value may range around RM1.60-1.90

Source : M+ Analyst
*
Fantastic GROWTH TECH STOCK
FAIR VALUE MALACCA SECURITIES M+ RM 1.60 -RM 1.90

Beware IPO time rable offering very short 5 working days only minus 1 day off unity govt.
Only very limited small 20 millions only...pergghhh
Note...normally a DAMN GOOD IPO CLOSED QUICKLY

This post has been edited by IPO ADDICT: Nov 26 2022, 04:00 PM
ktrader
post Nov 26 2022, 11:51 PM

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QUOTE(IPO ADDICT @ Nov 26 2022, 02:56 PM)
Fantastic GROWTH TECH STOCK
FAIR VALUE MALACCA  SECURITIES M+ RM 1.60 -RM 1.90

Beware IPO time rable offering very short  5 working days only minus 1 day off unity govt.
Only very limited small  20 millions only...pergghhh
Note...normally a DAMN GOOD IPO CLOSED QUICKLY
*
Wowww...gonna be ECA big brother?
abdrahib
post Nov 27 2022, 09:01 AM

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QUOTE(pileepalah @ Nov 25 2022, 01:10 PM)
1.07 very xpensive , can hoot or not
nid to think very very carefully, takut macam
Sen Heng , swift or sen fong
*
Ini bukan yang jual domestic gadgets macam Seng Heng.This co is dealing with sophisticated communication equipments and software development.Maaf kalau saya tulis tak betul.
abdrahib
post Nov 27 2022, 09:06 AM

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QUOTE(ktrader @ Nov 26 2022, 11:51 PM)
Wowww...gonna be ECA big brother?
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Agree,probably true.Bigger than big brother.
tnang
post Nov 27 2022, 10:15 AM

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High risk low return, depend on dbkl only. Pe too high 35++..
Will goreng or not only like betamek???
Hard to decide all in to apply, could be another seng familiar.
xander2k8
post Nov 27 2022, 10:52 AM

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QUOTE(tnang @ Nov 27 2022, 10:15 AM)
High risk low return, depend on dbkl only. Pe too high 35++..
Will goreng or not only like betamek???
Hard to decide all in to apply, could be another seng familiar.
*
They don’t depend on DBKL only 🤦‍♀️ One of the major customer is UEM whose does residential and transportation infrastructure
pileepalah
post Nov 27 2022, 11:14 AM

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QUOTE(abdrahib @ Nov 27 2022, 10:01 AM)
Ini bukan yang jual domestic gadgets macam Seng Heng.This co is dealing with sophisticated communication equipments and software development.Maaf kalau saya tulis tak betul.
*
ini mcam saya mau sokong oreli,
you hoot I hoot...kita semua hoot sama dia

sama sama welcome to make monies

kita semua huat ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh
IPO ADDICT
post Nov 27 2022, 01:42 PM

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ITMAX System Berhad merupakan syarikat yang membekalkan perkhidmatan sistem rangkaian untuk Smart City di Malaysia.

Antara produk dan servis syarikat ini adalah sistem lampu isyarat, kamera pengawasan, perisikan analitik dan pelbagai lagi.
IPO ADDICT
post Nov 27 2022, 01:44 PM

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1.Status Syariah ITMAX

Sumber: ITMAX Prospektus
Menurut sumber daripada prospektus ITMAX System Berhad ini, status saham syarikat ini telah disahkan patuh syariah oleh Majlis Penasihat Syariah Suruhanjaya Sekuriti Malaysia.

Jadi pelabur beragama Islam boleh memohon tanpa was-was.

2. Produk & Servis Yang ITMAX Sediakan

Sumber: Laman Sesawang Rasmi ITMAX System Berhad
Terdapat 5 segmen perniagaan ITMAX System Berhad ini, antaranya adalah seperti:-

Rangkaian video pengawasan
Rangkaian pengurusan sistem trafik
Rangkaian sistem pelampuan
Telekomunikasi
Pendigitalisasi maklumat
Nampaknya produk syarikat ini agak berbeza dengan syarikat-syarikat tersenarai sedia ada di Bursa Malaysia.

3. Jumlah Terbitan Saham ITMAX

Sumber: ITMAX Prospektus
Jumlah keseluruhan saham yang bakal diterbitkan adalah sebanyak 320 juta unit sebelum diskala semula.

Daripada jumlah tersebut, sekitar 289.16 juta unit diperuntukan untuk pelabur institusi dan bakinya 30.84 juta unit untuk pelabur runcit.

Daripada 30.84 juta unit ini pula, hanya 20.56 juta unit untuk direbutkan oleh pelabur melalui undian kelak.

4. Duit IPO Digunakan Untuk Apa?

Sumber: Prospektus ITMAX System BErhad
Berdasarkan sumber, wang yang diperolehi melalui penyenaraian awam ini akan digunakan untuk beberapa perkara. Antaranya adalah seperti:-

Mengembangkan permohonan bandar bijak dengan kerajaan negari, kementerian dan pelanggan sedia ada.
Tingkatkan keupayaan penyelidikan dan pembangunan.
Kembangkan perniagaan
Kembangkan rangkaian infrastruktur telekomunikasi
Modal pasaran
Bayaran semula hutang
Pembayaran fi dan upah menyenaraikan IPO
5. Pelanggan Utama ITMAX Berhad



Berdasarkan sumber di atas, kita dapat melihat pelanggan utama syarikat ini untuk tiga tahun terkini adalah daripada Dewan Bandaraya Kuala Lumpur (DBKL) yang menyumbang jumlah yang besar kepada pendapatan keseluruhan syarikat.

6. Pesaing Kepada Syarikat ITMAX

Gambar diatas menunjukan persaing kepada ITMAX System Berhad. Jika kita lihat dari sudut hasil jualan, ITMAX bukanlah yang terbaik tetapi dari segi untung bersih syarikat, ITMAX dilihat menyerlah berbanding yang lain.

7. Saiz Pasaran ITMAX

Untuk tiga segmen perniagaan syarikat iaiatu segmen ekonomi digital, Perkhidmatan ICT dan konsultasi perkhidmatan komputer, ITMAX mempunyai saiz pasaran kurang daripada 1%.

8. Keuntungan Syarikat Yang Meningkat

Pendapatan bersih syarikat ini dilihat meningkat saban tahun dan peningkatan ketara dilihat antara tahun oleh syarikat.

Adakah ini satu petanda yang baik kepada syarikat ini?

9. Pendapatan Berdasarkan Segmen Perniagaan

Pendapatan menerusi segmen pembekalan dan pemasangan sistem rangkaian adalah pendapatan terbesar syarikat ini untuk tiga tahun terkini.

Pendapatan untuk segmen penyediaan fasiliti rangkaian pula meningkat dengan sangat drastik sejak tahun 2019 sehingga tahun 2021.

10. Struktur Pentadbiran ITMAX

Syarikat ini diterajui oleh Tan Wei Lun (TWL) sebagai Pengarah dan ketua pegawai eksekutif syarikat dan dibantu oleh Datin Afinaliza dan Tan Sing Chia sebagai pengarah eksekutif syarikat.

Permohonan IPO ini telah dibuka hari ini (25 November 2022) dengan harga tawaran RM1.07. Tarikh tutup permohonan pula islah pada 1 Disember 2022, 5 petang.
IPO ADDICT
post Nov 27 2022, 01:49 PM

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The above is about......

10 Fakta Menarik Tentang IPO ITMAX System Berhad


This post has been edited by IPO ADDICT: Nov 27 2022, 01:50 PM
abdhadijafar
post Nov 27 2022, 05:34 PM

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List of the 13 cornerstones (11 domestic, 2 foreign)

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