KUALA LUMPUR: CIMB Research has initiated coverage on software solutions provider IFCA MSC Bhd
with an Add call, setting the target price at 78 sen based on 21 times 2016 price-earnings ratio – in line with domestic peers MyEG and Cuscapi.
It said potential catalysts for the stock include stronger-than-expected GST jobs, potential dividends and a move to the Main Board in 2016.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
