Latest news with #ITMAX
The Star
27-05-2025
- Business
- The Star
ITMAX expects to secure more town council projects
PETALING JAYA: ITMax System Bhd , which has a total unbilled order book of more than RM1.45bil, is in a good position to secure more projects in the near term. Hong Leong Investment Bank (HLIB) Research, in its latest report on ITMAX, said: 'After securing five out of 16 Johor councils, we expect all to come on board over time to realise the integrated smart city system. 'Furthermore, these deals only comprised digital infrastructure solutions and smart traffic light systems. 'We do not discount that other solutions such as network lighting and more smart parking (currently it has secured jobs from seven councils) could be included. 'Along with the recently awarded Kuala Lumpur City Hall variation order and maiden penetration into Penang, ITMAX is expected to continue to scale new heights,' it said. As at the end of the first quarter of 2025 (1Q25), ITMAX had a total unbilled order book of more than RM1.45bil, which would be recognised progressively up to May 2039. At the end of 1Q25, ITMAX's tender book stood at more than RM500mil. ITMAX is a provider of public space networked systems focusing on lighting, video surveillance and traffic management, as well as communications network services. ITMAX recorded a revenue of RM50.7mil in 1Q25 and yielded a quarterly core net profit of RM20.3mil, which matched expectations, accounting for 24% and 22% of HLIB Research's and consensus full-year forecasts, respectively. The research house is reiterating its 'buy' call with an unchanged target price of RM5.17. 'We opine that ITMAX deserves a premium valuation as it has unique direct exposure to the artificial intelligence theme, especially at the application level. 'We believe that this home-grown smart city integrated system and solution provider, has a compelling investment case, given its multi-year growth potential, on the back of solid order and tender books.'
Free Malaysia Today
13-05-2025
- Business
- Free Malaysia Today
Bursa bounces back from early dip on selective buying
KUALA LUMPUR : Bursa Malaysia opened slightly lower today but quickly rebounded, driven by renewed buying interest in selected heavyweights, as recent losses enticed investors back into the market. At 9.25am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,541.65, up from Tuesday's close of 1,536.80. The benchmark index had opened 0.24 of-a-point lower at 1,536.56. Turnover stood at 389.23 million shares, valued at RM156.08 million. Market breadth was positive, with 268 gainers outnumbering 167 decliners. Further, 276 counters were unchanged, 1,624 untraded, and nine suspended. While overall market conditions may remain soft pending the outcome of trade talks, Malacca Securities Sdn Bhd believes traders may focus on defensive sectors today, such as consumer products and services, which have large stock-keeping unit bases that could benefit from margin improvements amid lower import costs. 'Meanwhile, with ongoing contract wins in Johor and potential momentum in Penang, we see a trading opportunity in ITMAX following its breakout, supported by healthy volumes.' 'We also see accumulation opportunities in ReachTen, which we believe remains undervalued,' it said in a note today. Another dealer noted that the market will closely watching the outcome of the US Federal Open Market Committee (FOMC) meeting on May 6–7, as well as the Bank Negara Malaysia's Monetary Policy Committee (MPC) meeting on May 7–8 this week. Among heavyweights, Maybank gained three sen to RM9.99, Tenaga Nasional and IHH Healthcare each added four sen to RM14.10 and RM7.04, respectively. CIMB advanced two sen to RM6.92, while Public Bank slipped two sen to RM4.45. In active trade, Sapura Energy, Reach Ten, and Avangaad each rose by half-a-sen to 4.5 sen, 56.5 sen, and 28 sen, respectively, while Pos Malaysia gained 3.5 sen to 30.5 sen. On the index board, the FBM Emas Index improved by 39.91 points to 11,453.38, the FBMT 100 Index increased by 39.12 points to 11,226.77, and the FBM Emas Shariah Index strengthened by 54.44 points to 11,365.65. The FBM 70 Index gained 71.46 points to 16,133.69, but the FBM ACE Index declined by 0.74 of-a-point to 4,638.03. Across sectors, the Financial Services Index climbed 20.31 points to 18,149.50, the Industrial Products and Services Index rose 0.87 of-a-point to 151.35, and the Energy Index added 4.91 points to 683.53. The Plantation Index, however, shed 7.46 points to 7,277.50.
Malaysian Reserve
07-05-2025
- Business
- Malaysian Reserve
FBM KLCI bounces back from early dip on selective buying
Bursa Malaysia opened slightly lower today but quickly rebounded, driven by renewed buying interest in selected heavyweights, as recent losses enticed investors back into the market. At 9.25 a.m., the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.85 points to 1,541.65, up from Tuesday's close of 1,536.80. The benchmark index had opened 0.24 of-a-point lower at 1,536.56. Turnover stood at 389.23 million shares, valued at RM156.08 million. Market breadth was positive, with 268 gainers outnumbering 167 decliners. Further, 276 counters were unchanged, 1,624 untraded, and nine suspended. While overall market conditions may remain soft pending the outcome of trade talks, Malacca Securities Sdn Bhd believes traders may focus on defensive sectors today, such as consumer products and services, which have large stock-keeping unit bases that could benefit from margin improvements amid lower import costs. 'Meanwhile, with ongoing contract wins in Johor and potential momentum in Penang, we see a trading opportunity in ITMAX following its breakout, supported by healthy volumes.' 'We also see accumulation opportunities in ReachTen, which we believe remains undervalued,' it said in a note today. Another dealer noted that the market will closely watching the outcome of the US Federal Open Market Committee (FOMC) meeting on May 6–7, as well as the Bank Negara Malaysia's Monetary Policy Committee (MPC) meeting on May 7–8 this week. Among heavyweights, Maybank gained three sen to RM9.99, Tenaga Nasional and IHH Healthcare each added four sen to RM14.10 and RM7.04, respectively. CIMB advanced two sen to RM6.92, while Public Bank slipped two sen to RM4.45. In active trade, Sapura Energy, Reach Ten, and Avangaad each rose by half-a-sen to 4.5 sen, 56.5 sen, and 28 sen, respectively, while Pos Malaysia gained 3.5 sen to 30.5 sen. On the index board, the FBM Emas Index improved by 39.91 points to 11,453.38, the FBMT 100 Index increased by 39.12 points to 11,226.77, and the FBM Emas Shariah Index strengthened by 54.44 points to 11,365.65. The FBM 70 Index gained 71.46 points to 16,133.69, but the FBM ACE Index declined by 0.74 of-a-point to 4,638.03. Across sectors, the Financial Services Index climbed 20.31 points to 18,149.50, the Industrial Products and Services Index rose 0.87 of-a-point to 151.35, and the Energy Index added 4.91 points to 683.53. The Plantation Index, however, shed 7.46 points to 7,277.50. — BERNAMA
