KUALA LUMPUR: CIMB Equities Research is maintaining its Add call for IFCA MSC and the potential catalysts are completing the acquisition of its Indonesia distributor and strong take-up rates for its Software as a Services (SaaS).
It said on Thursday the stock’s deep correction over the past two months should have reflected most of the negative news. It is bullish on Indonesia and this could add RM4mil to RM5mil net profit to its bottomline once the acquisition is completed.
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