Buy Or Sell Opportunity • Apr 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to RM0.34. The fair value is estimated to be RM0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year. Earnings per share has declined by 29%. Buy Or Sell Opportunity • Apr 03
Now 24% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to RM0.33. The fair value is estimated to be RM0.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last year. Earnings per share has declined by 29%. Buy Or Sell Opportunity • Mar 13
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 5.7% to RM0.33. The fair value is estimated to be RM0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 23%. Buy Or Sell Opportunity • Feb 20
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 14% to RM0.33. The fair value is estimated to be RM0.44, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 23%. New Risk • Feb 10
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported March 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (RM134.4m market cap, or US$34.2m). Buy Or Sell Opportunity • Dec 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to RM0.32. The fair value is estimated to be RM0.42, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 23% over the last 3 years. Earnings per share has grown by 23%. Reported Earnings • Jul 27
Full year 2025 earnings released: EPS: RM0.039 (vs RM0.044 in FY 2024) Full year 2025 results: EPS: RM0.039 (down from RM0.044 in FY 2024). Revenue: RM114.5m (up 40% from FY 2024). Net income: RM14.3m (down 12% from FY 2024). Profit margin: 12% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 1.2% p.a. on average during the next 2 years, while revenues in the IT industry in Malaysia are expected to grow by 7.7%. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Aankondiging • Jul 24
Infoline Tec Group Berhad, Annual General Meeting, Aug 27, 2025 Infoline Tec Group Berhad, Annual General Meeting, Aug 27, 2025, at 10:00 Singapore Standard Time. Location: mutiara 3, royale chulan damansara, no. 2, jalan pju 7/3, mutiara damansara, 47810 petaling jaya, selangor darul ehsan, Malaysia New Risk • Jul 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (RM194.3m market cap, or US$45.9m). New Risk • Jun 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.2% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (12% net profit margin). Market cap is less than US$100m (RM237.9m market cap, or US$56.1m). Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: RM0.031 (vs RM0.044 in FY 2024) Full year 2025 results: EPS: RM0.031 (down from RM0.044 in FY 2024). Revenue: RM91.3m (up 12% from FY 2024). Net income: RM11.4m (down 30% from FY 2024). Profit margin: 13% (down from 20% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 30% p.a. on average during the next 2 years, compared to a 9.9% growth forecast for the IT industry in Malaysia. New Risk • Mar 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (17% net profit margin). Market cap is less than US$100m (RM290.6m market cap, or US$65.6m). Reported Earnings • Mar 01
Full year 2024 earnings released: EPS: RM0.048 (vs RM0.051 in FY 2023) Full year 2024 results: EPS: RM0.048 (down from RM0.051 in FY 2023). Revenue: RM101.3m (up 41% from FY 2023). Net income: RM17.5m (down 4.8% from FY 2023). Profit margin: 17% (down from 26% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 13% growth forecast for the IT industry in Malaysia. Price Target Changed • Oct 31
Price target increased by 14% to RM1.16 Up from RM1.01, the current price target is an average from 2 analysts. New target price is 22% above last closing price of RM0.95. Stock is up 21% over the past year. The company is forecast to post earnings per share of RM0.07 for next year compared to RM0.051 last year. Major Estimate Revision • Sep 04
Consensus revenue estimates decrease by 12% The consensus outlook for fiscal year 2024 has been updated. 2024 revenue forecast fell from RM110.7m to RM97.4m. EPS estimate unchanged from RM0.071 per share at last update. IT industry in Malaysia expected to see average net income growth of 23% next year. Consensus price target of RM1.01 unchanged from last update. Share price rose 6.8% to RM0.86 over the past week. Reported Earnings • Aug 29
Second quarter 2024 earnings released: EPS: RM0.004 (vs RM0.01 in 2Q 2023) Second quarter 2024 results: EPS: RM0.004 (down from RM0.01 in 2Q 2023). Revenue: RM19.6m (up 21% from 2Q 2023). Net income: RM1.35m (down 64% from 2Q 2023). Profit margin: 6.9% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Malaysia. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (112% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.2% average weekly change). Market cap is less than US$100m (RM323.3m market cap, or US$73.0m). Upcoming Dividend • Jun 11
Upcoming dividend of RM0.014 per share Eligible shareholders must have bought the stock before 18 June 2024. Payment date: 28 June 2024. Payout ratio is a comfortable 53% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Malaysian dividend payers (4.4%). Lower than average of industry peers (3.4%). Reported Earnings • Jun 04
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.007 in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (down from RM0.007 in 1Q 2023). Revenue: RM22.4m (up 79% from 1Q 2023). Net income: RM225.0k (down 91% from 1Q 2023). Profit margin: 1.0% (down from 20% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 33% p.a. on average during the next 2 years, compared to a 8.4% growth forecast for the IT industry in Asia. Aankondiging • Jun 01
Infoline Tec Group Berhad Approves Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023 Infoline Tec Group Berhad at its General Meeting meeting held on 31 May 2024 approved the payment of Final Single-Tier Dividend of 1.38 sen per ordinary share in respect of the financial year ended 31 December 2023. Aankondiging • Apr 28
Infoline Tec Group Berhad, Annual General Meeting, May 31, 2024 Infoline Tec Group Berhad, Annual General Meeting, May 31, 2024, at 10:00 Singapore Standard Time. Location: 1 Persiaran Bandar Utama, Bandar Utama, 47800 Petaling Jaya SELANGOR DARUL EHSAN Malaysia Agenda: To consider approval of the payment of final single-tier dividend of 1.38 sen per ordinary share in respect of the financial year ended 31 December 2023; to consider approval of the payment of Non-Executive Directors' fees and benefits of up to MYR 280,000/- for the period from the 3rd Annual General Meeting until the next Annual General Meeting to be held in the year 2025; to consider re-election of Mr. Ang Seng Wong; to consider Re-election of Mr. Loo Wai Hong; to consider re-election of Ms. Tan Mui Ping; to consider Re-appointment of Messrs. Crowe Malaysia PLT as Auditors of the company; to consider and to authorise the Directors to determine their remuneration; to consider authority to issue and allot shares pursuant to the Companies Act 2016; to consider Waiver of pre-emptive rights pursuant to Section 85 of the Companies Act 2016; to consider proposed amendments to the Constitution of the company. Aankondiging • Mar 27
Infoline Tec Group Berhad Recommends Final Single-Tier Dividend in Respect of the Financial Year Ended 31 December 2023 Infoline Tec Group Berhad recommended final single-tier dividend of 1.38 sen per ordinary share in respect of the financial year ended 31 December 2023, subject to the approval of the shareholders at the forthcoming Third Annual General Meeting of the Company to be convened on a date to be announced later. New Risk • Feb 24
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 87% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (87% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM277.9m market cap, or US$58.2m). Aankondiging • Jan 09
Infoline Tec Group Berhad Appoints ANG SENG WONG as Independent and Non Executive Chairman Infoline Tec Group Berhad announced the appointment of Mr. ANG SENG WONG, age 62 as Independent and Non Executive Chairman. Date of change is on January 09, 2024. Qualifications: Masters: Master of Business Administration in Cardiff Metropolitan University, United Kingdom; Degree: Bachelor of Business (Banking & Finance) in Chisholm Institute of Technology, Melbourne, Australia. Degree: Bachelor of Arts (Sociology) in Chisholm Institute of Technology, Melbourne, Australia. Working experience and occupation: Mr. Ang Seng Wong began his career as an accountant in Melbourne, Australia in 1986. Upon his return to Malaysia in 1989, Mr. Ang served as the Finance Director for a Taiwanese Printed Circuit Board and Printed Circuit Board Assembly firm, the Executive Representative for a Taiwanese Venture Capital Organisation and a Corporate Affairs Director for an international plastics entity. He was also appointed as an Executive Director for a listed electronics company. In his professional capacity, he has extensive senior management experience locally and internationally. In addition, he is involved in conducting public and in-house programs for well-known companies such as Petronas, Telekoms, NEC Corporation of Malaysia Sdn. Bhd., Maxis, DRB-Hicom, Pantai Group, Columbia Hospital, MISC Berhad, Sabic Innovative Plastics (M) Sdn. Bhd. etc. in Malaysia, Singapore, Thailand and Philippines. He is also a certified Human Resources Development Corporation and Leonard Personality Inventory trainer and has lectured in University Malaya for the European Union Officers, Asia e University and University Malaysia Pahang for the Executive Masters program, Open University Malaysia, Universiti Teknologi Malaysia and Saudi General Organization for Technical Education and Vocational Training. Aankondiging • Dec 29
Infoline Tec Group Berhad Appoints Chew Kit Yee as Company Secretary, Effective from 01 January 2024 Infoline Tec Group Berhad appointed Chew Kit Yee as Company Secretary, effective from 01 January 2024. Aankondiging • Nov 21
Infoline Tec Group Berhad Announces Interim Single Tier Tax-Exempt Dividend for the Financial Year Ending 31 December 2023, Payable on 22 December 2023 Infoline Tec Group Berhad announced Interim Single Tier Tax-exempt Dividend of 0.94 sen per Ordinary Share for the financial year ending 31 December 2023. Ex-Date is 07 December 2023. Entitlement date is 08 December 2023. Payment Date is 22 December 2023. Reported Earnings • Nov 21
Third quarter 2023 earnings released: EPS: RM0.014 (vs RM0.04 in 3Q 2022) Third quarter 2023 results: EPS: RM0.014 (down from RM0.04 in 3Q 2022). Revenue: RM16.3m (down 43% from 3Q 2022). Net income: RM5.20m (down 26% from 3Q 2022). Profit margin: 32% (up from 25% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Malaysia. Aankondiging • Aug 17
Infoline Tec Group Berhad (KLSE:INFOTEC) signed an agreement to acquire Inline technologies pte ltd from Ong Beng Teck for SGD 2.65 million. Infoline Tec Group Berhad (KLSE:INFOTEC) signed an agreement to acquire Inline technologies pte ltd from Ong Beng Teck for SGD 2.65 million on August 15, 2023. Reported Earnings • Aug 17
Second quarter 2023 earnings released: EPS: RM0.01 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.01 (up from RM0.002 in 2Q 2022). Revenue: RM16.2m (up 129% from 2Q 2022). Net income: RM3.70m (up RM3.49m from 2Q 2022). Profit margin: 23% (up from 2.9% in 2Q 2022). The increase in margin was driven by higher revenue. Upcoming Dividend • Jun 27
Upcoming dividend of RM0.014 per share at 3.2% yield Eligible shareholders must have bought the stock before 04 July 2023. Payment date: 14 July 2023. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (4.9%). Reported Earnings • May 25
First quarter 2023 earnings released: EPS: RM0.007 (vs RM0.53 in 1Q 2022) First quarter 2023 results: EPS: RM0.007. Revenue: RM12.5m (up 41% from 1Q 2022). Net income: RM2.45m (up 86% from 1Q 2022). Profit margin: 20% (up from 15% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improved over the past week After last week's 48% share price gain to RM1.02, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 23x in the IT industry in Malaysia. Reported Earnings • Nov 23
Third quarter 2022 earnings released: EPS: RM0.04 (vs RM0.68 in 3Q 2021) Third quarter 2022 results: EPS: RM0.04. Revenue: RM28.5m (up 121% from 3Q 2021). Net income: RM7.04m (up 317% from 3Q 2021). Profit margin: 25% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in Malaysia. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chief Marketing Officer & Non-Independent Executive Director Yit Too is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Aug 25
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: RM7.08m (down 24% from 2Q 2021). Net income: RM206.0k (down 91% from 2Q 2021). Profit margin: 2.9% (down from 24% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 24%, compared to a 133% growth forecast for the IT industry in Malaysia. Board Change • Jul 13
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. No experienced directors. No highly experienced directors. Chief Marketing Officer & Non-Independent Executive Director Yit Too is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.