IFCA MSC bags property management contract worth RM3.4 mil

KUALA LUMPUR (March 11): IFCA MSC Bhd announced it has received a letter of award from Rangkaian Hotel Seri Malaysia Sdn Bhd for the supply of a property management solution worth RM3.39 million, excluding the annual maintenance fee.

In a filing with the exchange, IFCA (fundamental: 3; valuation: 1.5) said the contract is for 22 sites located in Malaysia.

“The contract is not expected to have any material effects on the share capital and shareholding structure of the company.

“However, it is expected to have positive contribution to the earnings per share and net assets per share of IFCA for the financial year ending 2015,” said the company.

IFCA closed unchanged at RM1.34 today. Its market capitalisation was RM700.14 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.