ITMAX Exceeds Expectations, Eyes Bigger Projects Ahead
ITMAX Exceeds Expectations, Eyes Bigger Projects Ahead
As of now, Maybank IB has left its FY24-FY26 earnings forecasts for ITMAX unchanged, with the company continuing to be their top pick in the Malaysian software space.
ITMAX System Bhd's core net profit for 3Q24 of RM22 million, a 34% year-on-year and a 15% quarter-on-quarter increase, has prompted Maybank Investment Bank Bhd (Maybank IB) to maintain a BUY call on the stock and a target price of RM4.40.
ITMAX系統有限公司2024年第三季度的核心淨利潤爲2200萬令吉，同比增加34%，環比增加15%。這促使馬來亞銀行投資銀行（Maybank IB）對該股票維持買入（BUY）評級，並設定目標價爲4.40令吉。
ITMAX's cumulative core net profit for 9M24 of RM58.9 million, a 24% YoY growth, met Maybank IB's expectations, at 75% of the research house's and street's FY24E earnings respectively.
ITMAX在2024年前9個月的累計核心淨利潤爲5890萬令吉，同比增長24%，達到了馬來亞銀行投資銀行的預期，相當於該研究機構和市場對2024財年的收益預期的75%。
The stock's solid growth trajectory and its role in the nation's smart city initiatives provide a compelling outlook as the company is progressing with its smart parking projects, which are expected to contribute more significantly to its top line in the upcoming quarters.
該股票穩健的增長軌跡及其在國家智慧城市計劃中的角色提供了令人信服的前景，因爲公司正在推進其智慧停車項目，這些項目預計將在即將到來的幾個季度對其營收產生更顯著的貢獻。
As of now, Maybank IB has left its FY24-FY26 earnings forecasts for ITMAX unchanged, with the company continuing to be their top pick in the Malaysian software space.
截至目前，馬來亞銀行投資銀行對ITMAX的2024至2026財年的收益預測保持不變，該公司繼續是它們在馬來西亞軟件領域的首選。
譯文內容由第三人軟體翻譯。
