https://youtu.be/wqCv5gdl6JI?si=-RlZ9TFGRX-K4eEE
Impact Capital Holdings Berhad IPO at RM0.22: Is It Worth Your Attention? 🇲🇾📊

Another tech IPO is hitting the ACE Market of Bursa Malaysia! Impact Capital Holdings Berhad is listing at RM0.22 per share, valuing the company at a market cap of RM105.60 million.

Before hitting the "Apply" button on your e-IPO, here are the key facts every retail investor needs to understand:

🔍 What Does the Business Do?
With a 21-year operating track record, Impact Capital specializes in critical ICT infrastructure and systems integration—mainly in Sarawak (representing 75% of FY2026 revenue). They build and maintain high-reliability networks for state government bodies, utilities, and telecom operators.

📈 The Key Numbers (Audited FYE 30 June 2026):
• Revenue: RM154.70M (+6.4% YoY)
• Audited Net Profit (PAT): RM9.36M (+33.3% YoY)
• IPO Valuation P/E:11.28x (based on FY2026 EPS of 1.95 sen on an enlarged 480M share base)
• Net Cash Position: RM28.79M pre-IPO, swelling to RM47.73M post-IPO (~9.94 sen per share in cash backing—nearly 45% of the offer price!)

⚠️ The 3 Risks to Watch:
1. Customer Concentration: SDEC contributed 41.3% of FY2026 revenue, driven by the flagship SMART600 rural connectivity project (which is already 78% complete).
2. Supplier Dependence: 44% of FY2026 purchases came directly from Huawei.
3. Working Capital Drag: Trade receivable turnover stands at 95 days vs standard 30–60 day terms.

🎯 The Big Question:
With RM128.55M of its RM169.87M order book scheduled to be billed in FY2027, what will replace the SMART600 project once it wraps up?

👉 Check out our full breakdown video for the deep dive on cash flows, valuation, and post-listing outlook!
https://youtu.be/wqCv5gdl6JI?si=-RlZ9TFGRX-K4eEE


(Disclaimer: For educational purposes only. Not financial advice or a buy/sell recommendation.)


Impact Capital Holdings Berhad IPO 每股 RM0.22：值得认购吗？🇲🇾📊

大马交易所 ACE Market 又迎来一家科技基建公司！Impact Capital Holdings Berhad 以每股 RM0.22 上市，市值约为 RM1.056 亿。

在提交 e-IPO 申请前，散户投资者必须先看懂这几大核心关键：

🔍 它是做什么的？
公司拥有 21 年营运经验，主营关键 ICT 基础设施整合与硬件供应，业务重心在砂拉越（占 FY2026 营收的 75%），主要客户涵盖州政府机构、公用事业（SEB Group）及电信公司。

📈 最新核心财务数据（FYE 2026 审计年报）：
• 全年营收： RM1.547 亿（年增 6.4%）
• 税后净利润 (PAT)：RM936 万（年增 33.3%，净利率 6.05%）
• IPO 本益比 (P/E)：11.28 倍（按扩大后 4.8 亿股、每股盈利 1.95 仙计算）
• 净现金水平： 上市前净现金 RM2,879 万，上市后预计达到 RM4,773 万（每股净现金约 9.94 仙，占 IPO 售价约 45%！）

⚠️ 投资者不可忽视的 3 大风险：
1. 主要客户高度集中： 砂拉越数字经济机构 (SDEC) 贡献了 FY2026 营收的 41.3%，主要来自 SMART600 乡村电信塔项目（目前已完成 78%）。
2. 单一供应商依赖： 采购额的 44% 来自华为 (Huawei)。
3. 应收账款周期拉长： 周转天数达 95 天，远高于一般的 30–60 天信用期。

🎯 核心思考：
在现有的 RM1.70 亿订单中，有 RM1.285 亿将在 FY2027 入账。2027 年 SMART600 完工后，管理层能拿到什么大型新合约来填补营收空白？

👉 立即观看完整分析视频，带你全面看懂它的现金流、估值与潜在机遇！
https://youtu.be/wqCv5gdl6JI?si=-RlZ9TFGRX-K4eEE


(免责声明：本内容仅供教育与分享用途，不构成任何买卖建议或投资咨询。)