Blog https://targetinvest88.blogspot.com
Telegram https://t.me/targetinvest88
What is the potential of CENSOF with MD2030 vision ?
With the existing base of government agencies (Currently, 100+ government agencies are using the old SAGA system), the upgrade will definitely see CENSOF with full of potential for the next 5 years.
Notwithstanding, Singapore had implemented mandatory e invoice, which will also push CENSOF commercial consumer segment through their 51% owned NETSENSE which cover Singapore SME market.
Following will be 3 scenario of financial model projection for CENSOF, encompassing the potential of government contract through MD2030, as well as commercial consumer segment.
BEST CASE SCENARIO
MODERATE CASE SCENARIO
BAD CASE SCENARIO
At the current price of RM 0.205, and with the kind of potential ahead, CENSOF could be grossly undervalued.
If Censof simply transitions its dual engines reasonably well (Moderate Case), at 21.85 sen in EPS. If the market assigns a standard sector software multiple of 12x P/E, the math indicates a target share valuation room approaching RM 2.62.
Long term investor aiming for future cash flow can also consider CENSOF for long term holding.
No comments:
Post a Comment