IFCA has been awarded by FT for recording a 45% revenue growth from 2013-2016. Our innovation and growth has been recognised as one of the driving force of Asian-Pacific economies in the 21st century.
IFCA has been in the property business for 30 years and we are in a good position to help businesses succeed in this industry. IFCA Academy offers capability-building programmes curated to preserve business knowledge in industries where we are specialised in. Sign up at academy.ifca.asia Click here to go to IFCA Academy
IFCA continues its geographic expansion strategy, by establishing presence in Ho Chi Minh City, Vietnam. The region has good potential as it is a developing economic zone within the greater ASEAN region.
The grand event was held at JW Marriott, and approximately 400 clients, business associates and colleagues attended! We presented cheques to Kiwanis Job Training Centre (KJTC), National Stroke Association of Malaysia (NASAM) and Beautiful Gate - caps for Long-Service Award There were also awards for Long-Term Business Partnership Award, IFCA Integrated Solutions Award and IFCA Long-Service Award. Click here to view the photos.
We launched IAP in Google Singapore. IAP is a collaboration with Google Cloud, and we aim to nurture and develop local prop-tech companies by providing fundraising, business networking and mentorship. If you have a prop-tech start-up, submit your application to firstname.lastname@example.org or IAP@ifca.com.my
IFCA posted 9M17 net profit of RM5.9mil vs.RM4.4mil loss in 9M16, and has been in the black the previous five quarters. For 3Q17, the revenue was up 11.7% on-quarter.
The 30th Anniversary celebration started with a roadshow – KL, Penang, JB and Kuching. Many keywords were shared - AI, BI, Machine Learning, Data-Driven Marketing, Programmatic Ads, Cloud - and if you are keen on finding out more about them, get in touch with us. Anish Malhotra and Dennis Ser from Google Cloud also spoke at our event.
We generated leads that exceeded the projected numbers for a project with balance units in Penang. Previously, we generated more than 4,417 leads within 4.5 months for a project in KL. Get in touch with us if you are interested in a data-driven campaign for your project.
IFCA MSC Berhad embarked on a transformational programme known as IFCA 2.0, which aims to strengthen positive growth rates for the next few years. Find out more about it here.
KUALA LUMPUR: IFCA MSC Bhd, which recorded a 25% jump in net profit in its financial year ended Dec 31, 2018 (FY18), anticipates another double-digit growth in earnings for its FY19, supported by an expected growth in subscriptions for its business solutions, especially the small and medium enterprise (SME) segment.
The group’s FY18 earnings were lifted following a 142% surge in net profit to RM9.02 million in the final quarter of FY18, from RM3.73 million a year ago, as revenue climbed 27% to RM33.02 million from RM25.94 million.
This lifted FY18’s net profit to RM12.08 million from RM9.66 million in FY17. Revenue was up 6% to RM93.98 million from RM88.29 million previously.
IFCA’s chief executive officer Michael Cho Ngai Ming, in an interview with The Edge Financial Daily last week, said the group’s traditional strength has been in the enterprise segment, where it caters to the larger businesses of vertical markets it serves, like property, construction, and hospitality, and has developed proven and trusted products.
IFCA’s next focus is to leverage on its market experience in the enterprise segment to further tap the SME market, which has a much larger volume of potential customers, and which will allow the company to accelerate the growth of its customer base, Cho said.
He said the growth in the SME market will be backed by new products that offer competitive and affordable subscription pricing, with cloud and mobility features that empowers multi-tasking and business on the go, which allow quick adoption.
“Look at where we are today in terms of revenue. In the next three to five years, if we manage to capture 5% or 10% of this [SME] market, the revenue would be quite wild,” Cho added.
IFCA will also be launching several new mobile-based solutions under its Software as a Service or SaaS segment, where SMES will be able to subscribe to the solutions and simply pay as they use for them. The new rollouts are Hotel X, HR365 and Contract365, which cater to the areas of hospitality, human resources and payroll, and construction, respectively.
The products’ simple features, always-on-cloud infrastructure and their focus on mobile will allow SME users to multi-task and conduct their businesses on the go, Cho said. They are also affordably priced to enable quick adoption to help SMEs quickly adopt to digital transformation to be more competitive.
Cho expects the move to start bearing fruit by the fourth quarter of this year, given that the investment in the new modules is not too hefty and that the products can be easily scaled to different customers for further market expansion, even for overseas customers.
Asked if there is a possibility IFCA could repeat its stellar FY15 performance when it recorded a record net profit of RM21.6 million on the back of a RM101.62 million revenue thanks to the implementation of the goods and services tax, Cho said: “It is highly possible.”
But this depends on how well its plans are executed, and whether there are increasing headwinds from external risks, like whether US and China can come to a trade deal, which may impact the group’s performance as it has operations in both countries.
Since the bumper net profit it saw in FY15, IFCA’s net profit fell to RM518,000 in FY16 due to weak property market conditions, before rebounding to RM9.67 million in FY17 and then RM12.08 million in FY18.
Meanwhile, the group intends to transfer its listing from the ACE Market to the Main Market of Bursa Malaysia in the next 12 to 18 months.
The group said it has met the profit-after-tax (PAT) requirement of at least RM20 million in aggregate over the past three to five financial years, with a minimum of RM6 million PAT in the latest financial year.
Cho believes the transfer will raise the group’s profile and garner better investor interest.
Last Friday, IFCA’s shares fell a sen or 2.35% to close at 41.5 sen, giving it a market valuation of RM251.91 million.
Year-to-date, the stock has jumped 107.5% from when it was trading at 20 sen apiece.