Monday, September 7, 2026

CENSOF ON POTENTIAL RM 1.5B FUTURE CONTRACT ON MALAYSIA DIGITAL 2030 FRAMEWORK

 Blog https://targetinvest88.blogspot.com



Malaysia plan to see government agency with 95% end to end online services, equipped with AI at the back end, and front end with agentic ai chat function will see big opportunity for CENSOF in the next 5 years.

Currently, some core agency are moving first, with LHDN and MAIWP awarding contract to CENSOF

Censof bags RM19.9 mil IRB contracts for tax, financial system upgrades

Censof bags RM17.8 mil contract from MAIWP for accounting system











Around 100+ government agencies are using SAGA system from CENSOF.

Here are some of the list 

Federal Statutory Bodies & Major Agencies
  1. Lembaga Hasil Dalam Negeri (LHDN) – Inland Revenue Board of Malaysia
  2. Pertubuhan Keselamatan Sosial (PERKESO) – Social Security Organisation
  3. Kumpulan Wang Persaraan (KWAP) – Retirement Fund Incorporated
  4. Muda Agricultural Development Authority (MADA)
  5. Majlis Agama Islam Wilayah Persekutuan (MAIWP)
  6. Federal Agricultural Marketing Authority (FAMA)
  7. National Film Development Corporation Malaysia (FINAS)
  8. Institut Penyelidikan Perhutanan Malaysia (FRIM) – Forest Research Institute Malaysia
  9. Suruhanjaya Perkhidmatan Air Negara (SPAN) – National Water Services Commission
  10. Lembaga Pembangunan Langkawi (LADA)
  11. Institut Penyelidikan Keselamatan Jalan Raya Malaysia (MIROS)
  12. Skills Development Fund Corporation (PTPK)
  13. Land Surveyors Board Malaysia (LJT)
  14. Majlis Pembangunan Wilayah Ekonomi Pantai Timur (ECERDC)
  15. Pembangunan Sumber Manusia Berhad (HRD Corp / HRDF)
State Agencies & Regional Development Authorities
  1. Lembaga Pelabuhan-Pelabuhan Sabah (LPPS)
  2. Penang Regional Development Authority (PERDA)
  3. Central Terengganu Development Authority (KETENGAH)
  4. Penang Development Corporation (PDC)
  5. Lembaga Kemajuan Kelantan Selatan (KESEDAR)
  6. Lembaga Kemajuan Johor Tenggara (KEJORA)
  7. Perbadanan Labuan (PL)
  8. Perbadanan Putrajaya (PPJ)
  9. Perbadanan Pembangunan Ekonomi Sarawak (SEDC)
  10. Perbadanan Kemajuan Negeri Selangor (PKNS)
  11. Perbadanan Kemajuan Negeri Perak (PKNP)
  12. Perbadanan Kemajuan Kedah (PKNK)
Port & Transport Authorities
  1. Lembaga Pelabuhan Bintulu (LPB)
  2. Lembaga Pelabuhan Labuan (LPL)
  3. Lembaga Pelabuhan Klang (PKA)
  4. Lembaga Pelabuhan Johor (LPJ)
  5. Lembaga Pelabuhan Kuantan (LPKtn)
Higher Education Institutions (Universities)
  1. Universiti Sains Islam Malaysia (USIM)
  2. Universiti Utara Malaysia (UUM)
  3. Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA / UMP)
  4. Universiti Malaysia Terengganu (UMT)
  5. Universiti Malaysia Perlis (UniMAP)
  6. Universiti Sultan Zainal Abidin (UniSZA)
  7. Universiti Teknikal Malaysia Melaka (UTeM)

Major Local Councils (ePBT / SAGA Integrated)
(Censof deploys integrated SAGA systems across municipal councils via its ePBT local authority solutions).
40. Majlis Bandaraya Shah Alam (MBSA)
41. Majlis Bandaraya Petaling Jaya (MBPJ)
42. Majlis Bandaraya Subang Jaya (MBSJ)
43. Dewan Bandaraya Kuala Lumpur (DBKL)
44. Majlis Perbandaran Klang (MPK)
45. Majlis Perbandaran Kajang (MPKj)
46. Majlis Perbandaran Ampang Jaya (MPAJ)
47. Majlis Perbandaran Selayang (MPS)
48. Majlis Bandaraya Melaka Bersejarah (MBMB)
49. Majlis Bandaraya Ipoh (MBI)
50. Majlis Bandaraya Iskandar Puteri (MBIP)

With average system upgrade looking at RM 15 million, 100 agencies will see a potential future pipeline of RM 1.5 billion in contract value, spread over 5 years.

That will be additional RM 300million of high margin revenue, follow up with future maintenance contract for CENSOF.


In my opinion, currently at 20 cents, with net cash position, CENSOF is a very good entry for long term investment.



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Thursday, October 9, 2025

CENSOF ENABLING MALAYSIA GOVERNMENT BODIES WITH OPENAI

Blog https://targetinvest88.blogspot.com



Censof, a key player in the e-invoice system implementation within the government bodies, could see more new revenue channel with the potential of enabling Malaysia Government bodies and GLC with OpenAI solution.



Censof 51% owned Cognitive Consulting Sdn Bhd, is a platinum support partner of UIPATH in Malaysia region.

Cognitive Consulting S/B helps Malaysian companies to integrate AI and robotic process automation into their system process workflow

With the latest partnership of UIPATH with OPENAI, and with CENSOF appointment of Chief AI Officer (MR. JUDE LOPEZ), the digitalization process for Malaysian government bodies will give new revenue channel for the group


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Monday, February 17, 2025

Petrochemical sector outlook might be changing soon with new sanction and foreseeable lower oil price?

 Blog https://targetinvest88.blogspot.com



As you know, I had been invested in petrochemical industry through LCTITAN since last year July 2024, which is around RM 1.00 region. At the current share price, it is 50% of losses on my investment due to a lot of happening both in the invested company, as well as the broad industry outlook of petrochemical.

Firstly, there is some very bad news on LCTITAN which include liquidity crisis in the parents company, LOTTE CORP KOREA as well as LOTTE CHEMICAL KOREA.

Then LCTITAN had been rolling in more losses for 14 consecutive quarter, and cash pile is decreasing, and a lot of big impairment is being shelled out at the balance sheet, which include a temporary closure of naphtha crack plant 1.

Then Lotte USA at LOUISANA, which LCTITAN have 40%, also taken a big blow.

Subsequently, the LINE project is also not projected to start until 2Q of 2025, which is also taken a very big pile of cash.

Lastly, unending of bad press article surrounding LOTTE and wave of short selling are pressing the share price further south, with the last shot from MAYBANK INVESTMENT BANK putting a target price of RM 0.39.


IS THERE ANY BRIGHT SIDE FOR PETROCHEMICAL INDUSTRY? LCTITAN? 

First, I would like to give you a very easy understanding on why the Petrochemical industry is having such a hard time, especially during the war zone period.


The prime reason of the slump is due to the RUSSIA funding the war with UKRAINE through oil sales, and while RUSSIAN OIL is being sanctioned, China and India are buying the sanctioned oil at a very cheap price and processing it through their refinery, flooding the market with cheap petrochemical goods.

Refinery that are aligned to US and adhere sanction will be buying crude at spot rate, hence output of the petrochemical product will be automatically higher. In order to defend market share, refinery need to defend market share and customer, refinery using legitimate oil need to go into negative margin territory.

The solution for this situation

1. Harsher and stricter sanction and tariffs on supply chain of sanctioned oil (from oil producer, oil tanker, refinery, and end product)

2. legitimate crude oil spot price become lower, so that differential between sanctioned oil and legitimate oil is lesser, petrochemical product will get better margin without needing to fight with sanctioned oil product





PETROCHEMICAL TURNING POINT?

ISRAEL PALESTINE WAR - CEASEFIRE & STOP

RUSSIA & UKRAINE WAR - IN NEGOTIATION TO STOP SOON


1.) HEAVY AND STRICTER SANCTIONED ON ALL PARTY INVOLVED IN SANCTIONED OIL TRADE




The following sanction had greatly hurt all those involved in sanctioned oil trade for the previous 2 years.

2.) US pull out from PARIS AGREEMENT - signaling coming low oil price season




With the share price of LCTITAN being battered so lowly now, which is below 50 cents as of writing, it might be a very good take for opportunist investor to look at the potential turn around of the legitimate petrochemical company



After all, ELON MUSK prediction on HUMANOID AI BOTS like TESLA OPTIMUS 2, and upcoming OPTIMUS 3 will be looking at more than 10 billion unit by 2040. Weighing approximately 50kg, around 50% of the weight will be consisting of high-grade plastic, which will be the new coming demand for petrochemical.



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