Showing posts with label Censof. Show all posts
Showing posts with label Censof. Show all posts

Tuesday, September 8, 2026

GREAT POTENTIAL FROM CENSOF FINANCIAL MODEL 5 YEARS PROJECTION

Blog https://targetinvest88.blogspot.com



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.




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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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Wednesday, August 28, 2024

CENSOF GET HEADSTART ON EINVOICE FROM OTHER LISTED PEERS

 Blog https://targetinvest88.blogspot.com



Malaysia had given an extension of 6 month for the 1st phase of e-invoice implementation to all the business that fall in the category of annual revenue turnover which is more than RM 100 million.

While the extension seems to be a dampener for the e-invoice share market hype, I believe that the fundamental of the e-invoice company will not change and such a drop in share price could be a good opportunity to invest in.

There are many companies involve in e-invoice, however the golden lining lies on the accreditation of the service provider by the government. As of current, there are still many companies pending on test and trial with the e-invoice system, however, there are a list of companies which are accredited for e-invoice.

CENSOF is worth a good mention as it is one the listed company in KLSE that had been accredited for the e-invoice system earlier than other of its listed peers (ADB, IFCAMSC, PANDA, YGL) which are still pending on test and trial.

To recap, Censof already have e-invoicing solution and service running in Singapore and some other SEA countries. 


According to the MDEC update on accredited e-invoicing firm, Censof and it's related subsidiary is accredited.




Technically looking, Censof is now trading at the mid term support line



I am invested in CENSOF for the exposure of e-invoice for the long run and I believe CENSOF can benefit from the MyDigital effort further in the future.


IMPORTANT NOTICE
Please be informed that I am not a professional or certified analyst. I am not a licensed consultant, just a normal retail investor. I am just sharing my ideas and opinion on the market outlook. Any company mentioned should not be interpreted as a buy/sell/trade call. Please do your own research and buy/sell/trade at your own risk.


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