Valuation Update With 7 Day Price Move • Jul 02
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to RM1.27, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 16x in the IT industry in Malaysia. Total loss to shareholders of 32% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at RM0.69 per share. Reported Earnings • Apr 17
Third quarter 2026 earnings released: EPS: RM0.015 (vs RM0.014 in 3Q 2025) Third quarter 2026 results: EPS: RM0.015 (up from RM0.014 in 3Q 2025). Revenue: RM75.9m (up 50% from 3Q 2025). Net income: RM8.76m (up 7.5% from 3Q 2025). Profit margin: 12% (down from 16% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 13% growth forecast for the IT industry in Malaysia. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Buy Or Sell Opportunity • Feb 24
Now 25% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to RM1.20. The fair value is estimated to be RM1.59, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.6% over the last year. Earnings per share has declined by 35%. Revenue is forecast to grow by 30% in 2 years. Earnings are forecast to grow by 116% in the next 2 years. Upcoming Dividend • Jan 21
Upcoming dividend of RM0.013 per share Eligible shareholders must have bought the stock before 28 January 2026. Payment date: 16 February 2026. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 0.9%. Lower than top quartile of Malaysian dividend payers (5.5%). Lower than average of industry peers (2.4%). Price Target Changed • Jan 20
Price target increased by 8.7% to RM1.84 Up from RM1.69, the current price target is an average from 3 analysts. New target price is 22% above last closing price of RM1.50. Stock is up 15% over the past year. The company is forecast to post earnings per share of RM0.059 for next year compared to RM0.035 last year. Reported Earnings • Jan 16
Second quarter 2026 earnings released: EPS: RM0.014 (vs RM0.013 in 2Q 2025) Second quarter 2026 results: EPS: RM0.014 (up from RM0.013 in 2Q 2025). Revenue: RM62.9m (up 35% from 2Q 2025). Net income: RM8.29m (up 2.6% from 2Q 2025). Profit margin: 13% (down from 17% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Malaysia. Announcement • Jan 15
Infomina Berhad Announces Interim Dividend Under Single-Tier System for the Financial Year Ending 31 May 2026, payable on February 16, 2026 Infomina Berhad announced Interim dividend of MYR 0.0135 per share under single-tier system for the financial year ending 31 May 2026. Payable on February 16, 2026. Ex date: January 28, 2026, entitlement date: January 29, 2026. Price Target Changed • Dec 30
Price target increased by 10% to RM1.81 Up from RM1.64, the current price target is an average from 2 analysts. New target price is 32% above last closing price of RM1.37. Stock is down 0.7% over the past year. The company is forecast to post earnings per share of RM0.061 for next year compared to RM0.035 last year. Price Target Changed • Dec 01
Price target increased by 8.3% to RM1.69 Up from RM1.56, the current price target is an average from 2 analysts. New target price is 17% above last closing price of RM1.45. Stock is up 14% over the past year. The company is forecast to post earnings per share of RM0.058 for next year compared to RM0.035 last year. New Risk • Oct 15
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 16% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • Oct 01
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: RM0.035 (down from RM0.055 in FY 2024). Revenue: RM196.7m (down 13% from FY 2024). Net income: RM21.2m (down 36% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 11% growth forecast for the IT industry in Malaysia. Announcement • Sep 25
Infomina Berhad, Annual General Meeting, Nov 18, 2025 Infomina Berhad, Annual General Meeting, Nov 18, 2025, at 10:30 Singapore Standard Time. Location: tropicana golf & country resort, ballroom v, main wing, jalan kelab tropicana, 47410 petaling jaya, selangor, Malaysia Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to RM1.29, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the IT industry in Malaysia. Total loss to shareholders of 1.4% over the past year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment improves as stock rises 36% After last week's 36% share price gain to RM1.14, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 15x in the IT industry in Malaysia. Total loss to shareholders of 17% over the past year. New Risk • Jul 25
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 7.8% 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. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 24
Full year 2025 earnings released: EPS: RM0.035 (vs RM0.055 in FY 2024) Full year 2025 results: EPS: RM0.035 (down from RM0.055 in FY 2024). Revenue: RM196.7m (down 13% from FY 2024). Net income: RM21.1m (down 36% from FY 2024). Profit margin: 11% (down from 15% in FY 2024). The decrease in margin was driven by lower revenue. New Risk • May 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: RM423.9m (US$99.2m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (47% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Market cap is less than US$100m (RM423.9m market cap, or US$99.2m). Price Target Changed • May 15
Price target decreased by 9.0% to RM1.41 Down from RM1.54, the current price target is an average from 2 analysts. New target price is 71% above last closing price of RM0.82. Stock is down 46% over the past year. The company is forecast to post earnings per share of RM0.056 for next year compared to RM0.055 last year. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 10% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM270.1m to RM262.7m. EPS estimate also fell from RM0.062 per share to RM0.056 per share. Net income forecast to grow 17% next year vs 21% growth forecast for IT industry in Malaysia. Consensus price target down from RM1.54 to RM1.48. Share price fell 14% to RM0.85 over the past week. Reported Earnings • Apr 16
Third quarter 2025 earnings released: EPS: RM0.014 (vs RM0.015 in 3Q 2024) Third quarter 2025 results: EPS: RM0.014 (down from RM0.015 in 3Q 2024). Revenue: RM50.4m (flat on 3Q 2024). Net income: RM8.15m (down 7.2% from 3Q 2024). Profit margin: 16% (down from 17% in 3Q 2024). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Malaysia. Reported Earnings • Jan 23
Second quarter 2025 earnings released: EPS: RM0.013 (vs RM0.015 in 2Q 2024) Second quarter 2025 results: EPS: RM0.013 (down from RM0.015 in 2Q 2024). Revenue: RM46.6m (down 22% from 2Q 2024). Net income: RM8.08m (down 9.7% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 12% growth forecast for the IT industry in Malaysia. Major Estimate Revision • Oct 22
Consensus revenue estimates fall by 14% The consensus outlook for revenues in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from RM328.0m to RM281.1m. EPS estimate fell from RM0.078 to RM0.066 per share. Net income forecast to grow 20% next year vs 22% growth forecast for IT industry in Malaysia. Consensus price target down from RM1.70 to RM1.54. Share price rose 2.8% to RM1.46 over the past week. Price Target Changed • Oct 16
Price target decreased by 8.3% to RM1.65 Down from RM1.80, the current price target is an average from 3 analysts. New target price is 15% above last closing price of RM1.43. Stock is down 8.9% over the past year. The company is forecast to post earnings per share of RM0.077 for next year compared to RM0.055 last year. Announcement • Oct 10
Infomina Berhad Appoints Thoo W'y-Kit as Chief Financial Officer Infomina Berhad announced the appointment of Mr. Thoo W'y-Kit as chief financial officer. Date of change is 09 October 2024. Age is 51. Qualifications are Masters is in Business Administration from University of Strathclyde, Scotland. Professional Qualification is in Management Accountancy from Chartered Institute of Management Accountants. Working experience and occupation are 30 April 2019 to 8 October 2024 Microlink Solutions Berhad Chief Financial Officer. 2 October 2017 to 31 December 2021 Omesti Berhad Chief Financial Officer. 21 November 2017 to 5 September 2018 Diversified Gateway Solutions Berhad Chief Financial Officer March 2015 to September 2017 Financial Consultant for public listed and private companies. September 2013 to February 2015 MTS Fibromat Sdn Bhd Chief Financial Officer. July 2002 to August 2013 Konsortium Logistik Bhd Chief Financial Officer. May 1997 to June 2002 TNT Express Worldwide (M) Sdn Bhd Finance Manager. Reported Earnings • Sep 29
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: RM0.055 (down from RM0.071 in FY 2023). Revenue: RM225.2m (down 10% from FY 2023). Net income: RM33.1m (down 17% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 9.1%. Earnings per share (EPS) also missed analyst estimates by 2.7%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in Malaysia. Announcement • Sep 26
Infomina Berhad, Annual General Meeting, Nov 19, 2024 Infomina Berhad, Annual General Meeting, Nov 19, 2024, at 10:30 Singapore Standard Time. Location: bo3-c-13-1, menara 3a, no. 3, jalan bangsar, kl eco city, 59200 kuala lumpur Malaysia Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to RM1.15, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 17x in the IT industry in Asia. Total loss to shareholders of 35% over the past year. Reported Earnings • Jul 26
Full year 2024 earnings released: EPS: RM0.055 (vs RM0.071 in FY 2023) Full year 2024 results: EPS: RM0.055 (down from RM0.071 in FY 2023). Revenue: RM225.2m (down 10% from FY 2023). Net income: RM33.1m (down 17% from FY 2023). Profit margin: 15% (down from 16% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 18% growth forecast for the IT industry in Malaysia. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to RM1.60, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 20x in the IT industry in Asia. Total loss to shareholders of 15% over the past year. Announcement • May 10
Infomina Berhad Announces the Change of Company Secretary Infomina Berhad announced the resignation of KUAN HUI FANG and appointment of REBECCA KONG SAY TSUI as company secretary of the company. Major Estimate Revision • Apr 25
Consensus revenue estimates fall by 12% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM281.2m to RM247.7m. EPS estimate fell from RM0.068 to RM0.057 per share. Net income forecast to grow 29% next year vs 23% growth forecast for IT industry in Malaysia. Consensus price target down from RM1.80 to RM1.69. Share price fell 2.8% to RM1.41 over the past week. Reported Earnings • Apr 18
Third quarter 2024 earnings released: EPS: RM0.015 (vs RM0.012 in 3Q 2023) Third quarter 2024 results: EPS: RM0.015 (up from RM0.012 in 3Q 2023). Revenue: RM50.8m (down 12% from 3Q 2023). Net income: RM8.78m (up 20% from 3Q 2023). Profit margin: 17% (up from 13% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the IT industry in Asia. Price Target Changed • Feb 13
Price target decreased by 9.1% to RM1.69 Down from RM1.86, the current price target is an average from 2 analysts. New target price is 13% above last closing price of RM1.50. Stock is up 10% over the past year. The company is forecast to post earnings per share of RM0.067 for next year compared to RM0.071 last year. Major Estimate Revision • Jan 24
Consensus revenue estimates fall by 10% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from RM319.4m to RM286.3m. EPS estimate fell from RM0.073 to RM0.067 per share. Net income forecast to shrink 6.7% next year vs 24% growth forecast for IT industry in Malaysia . Consensus price target down from RM1.86 to RM1.74. Share price fell 3.7% to RM1.55 over the past week. Reported Earnings • Jan 18
Second quarter 2024 earnings released: EPS: RM0.015 (vs RM0.012 in 2Q 2023) Second quarter 2024 results: EPS: RM0.015 (up from RM0.012 in 2Q 2023). Revenue: RM59.7m (up 3.7% from 2Q 2023). Net income: RM8.95m (up 22% from 2Q 2023). Profit margin: 15% (up from 13% in 2Q 2023). Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Malaysia. Board Change • Dec 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non Executive Director Hajar Binti Mohamad was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Nov 25
Infomina Berhad Announces the Appointment of Hajar Roslin Binti Mohamad as Independent and Non Executive Director Infomina Berhad announced the appointment of Puan Hajar Roslin Binti Mohamad as Independent and Non Executive Director. Date of change: 24 November 2023. Age: 59. Qualifications: Masters - Business Administration - Ohio University and Degree - Business Finance - Indiana University. Working experience and occupation: 2016 to Present - Founder, Hajarose KL Signature; 2004 to 2016 - CEO & Founder, Kool Kutz Inc. Sdn Bhd; 1995 to 2005 - Financial Planner, AIA Co. Ltd.; 1992 to 1994 - Systems Development Executive, Petronas Bhd; 1990 to 1992 - Integrated Management Information System (IMIS) Officer, Hong Kong Bank; 1988 to 1990 - Officer In Charge (OIC) Customer's Accounts, Hong Kong Bank; 1988 - HSBC Executive Training Program, Hong Kong and 1987 to 1988 - Financial Controller, Panduan Telefon. Reported Earnings • Sep 30
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: RM0.071 (up from RM0.033 in FY 2022). Revenue: RM251.3m (up 25% from FY 2022). Net income: RM39.8m (up 133% from FY 2022). Profit margin: 16% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.5%. Earnings per share (EPS) exceeded analyst estimates by 37%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 17% growth forecast for the IT industry in Malaysia. Announcement • Sep 27
Infomina Berhad, Annual General Meeting, Nov 16, 2023 Infomina Berhad, Annual General Meeting, Nov 16, 2023, at 10:00 Singapore Standard Time. Location: Sime Darby Convention Centre, Auditorium, Level LG1 1A, Jalan Bukit Kiara 1, 60000 Kuala Lumpur Kuala Lumpur Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 31 May 2023 together with the Reports of the Directors and Auditors thereon; to re-elect the following Directors who retire pursuant to Clause 76(3) of the Company's Constitution, as Directors of the Company: to approve the payment of Directors' fees to each of the following Independent Non-Executive Directors for the period from the 11th AGM until the next AGM of the Company; to approve the payment of Directors' benefits; to re-appoint Messrs Baker Tilly Monteiro Heng PLT as Auditors of the Company and to authorise the Directors to fix their remuneration; and to consider such other matters. Major Estimate Revision • Aug 07
Consensus EPS estimates increase by 29% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has improved. 2024 revenue forecast increased from RM316.9m to RM328.9m. EPS estimate increased from RM0.068 to RM0.087 per share. Net income forecast to grow 6.9% next year vs 24% growth forecast for IT industry in Malaysia. Consensus price target up from RM1.74 to RM1.80. Share price rose 5.2% to RM1.82 over the past week. Reported Earnings • Aug 01
Full year 2023 earnings released: EPS: RM0.073 (vs RM0.032 in FY 2022) Full year 2023 results: EPS: RM0.073 (up from RM0.032 in FY 2022). Revenue: RM251.3m (up 25% from FY 2022). Net income: RM40.9m (up 139% from FY 2022). Profit margin: 16% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 19% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the IT industry in Asia. Valuation Update With 7 Day Price Move • Jun 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to RM1.84, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 20x in the IT industry in Asia. Major Estimate Revision • Apr 15
Consensus EPS estimates increase by 23%, revenue downgraded The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast fell from RM289.0m to RM284.3m. EPS estimate rose from RM0.052 to RM0.063. Net income forecast to grow 108% next year vs 19% growth forecast for IT industry in Malaysia. Consensus price target up from RM1.05 to RM1.24. Share price was steady at RM1.66 over the past week. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to RM1.46, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the IT industry in Asia.