Censof Holdings Berhad

PETALING JAYA: Censof Holdings Bhd has secured a letter of acceptance from the Land Public Transport Agency or Apad in relation to the subscription service for the commercial vehicle licensing system, worth RM5.41mil.

Budget is coming up and some stocks are already moving,
take ur pick of selected themes
kasi dia #gorengsampaihangus
can discuss what are yall favorites, I am just listing few here and there

#GST
$IFCAMSC / 0023 (IFCA MSC BERHAD) $CENSOF / 5195 (CENSOF HOLDINGS BERHAD) $YGL / 0086 (YGL CONVERGENCE BERHAD)

#MEGA BESAR SKALA PUNYA PROJEK
Whatever pan borneo, LRT, HSR, hambalang also can goreng goreng
The usuals:
YTL ECONBHD GAMUDA IJM SUNCON

#WINDFALL TAX
adjustment on threshold for CPO etc etc
RSAWIT JTIASA TDM THPLANT

gst???!!!
$IFCAMSC / 0023 (IFCA MSC BERHAD)
$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

KUALA LUMPUR: Censof Holdings Bhd today announced that its all-digital platform for insurance and takaful, insureKU, has obtained Bank Negara Malaysia (BNM) approval to start operations.

© New Straits Times Press (M) Bhd

CENSOF'S Q3FYE2024 PATAMI ROSE 98.1%

website: https://cutt.ly/owNF8Gm9
FB: https://cutt.ly/zwNF8GKN

Bursa announcement link: https://cutt.ly/cwNF8H0O

Censof Holdings Berhad $CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

Change of Company Secretary - FLORENCE TOH SUE MEI

Quarterly rpt on consolidated results for the financial period ended 31/12/2023

@zhiyang007

Regarding (1):

Principal-Distributor relationships are win-win in nature. And no, it's not an exclusive distributorship (and I doubt one of the global leaders will ever do so), so there's nothing stopping them from signing another distributorship agreement with another company.

However, it's not so straightforward, as basically being an official distributor means that you are endorsed by the principal to represent them in this country-- means that the distributor must pass certain audits, quality checks, and competency tests to be qualified as a distributor.

At the same time, it is quite common for big brands to have multiple distributorships, and offer dealer prices to them (to deter end customers buying direct from brand principals and bypassing the dealers) meanwhile the distributor's job is to find projects to implement while getting support from the principal.

For important usage (such as by FIs), they would very much rather buy from an official distributor and pay higher prices than to buy from an unrecognized one-- brand name and reputation is important for the big companies for accountability and problem solving.

So, to answer your question:
-Both companies rely on each other for business in this country
-ServiceNow could find other distributors, but that wouldn't break the current distributorship agreement that Cloudpt has with them
-Cloudpt has probably shown sufficient competency and track record that ServiceNow will continue to work with them

Regarding (2)

There are many cybersecurity companies with various software... Each has their pros and cons, and I don't think I can say which is the best. Paloalto, CheckPoint, Cisco, Fortinet, etc are all famous names.

I also can't answer with regards the scope of cybersecurity, as it's quite large... I would assume each software has their focus on the various types of threats. That being said, Cloudpt is a distributor of multiple brands, so they would probably pick and choose which one would be the most suitable to implement on a case by case basis based on customer specifications or requirements.

$ADB / 0276 (AUTOCOUNT DOTCOM BERHAD) is not really related in this aspect, as they deal with accounting software. ADB uses their own inbuilt software for SMEs mainly-- arguably more similar to $CENSOF / 5195 (CENSOF HOLDINGS BERHAD) in this case.

I would say that $INFOTEC / 0253 (INFOLINE TEC GROUP BERHAD) is probably more of a direct competitor-- with the exception that they don't really deal with Financial Institutions.

Potentially $LGMS / 0249 (LGMS BERHAD) as well, on the cybersecurity front.

@boncos one could argue that $CENSOF / 5195 (CENSOF HOLDINGS BERHAD) could potentially be one of the front runners for the e-invoicing works, but to what extent remains unclear at this point.

Entry for PotY 2024: @portoftheyear

$RGB / 0037 (RGB INTERNATIONAL BHD) / 0037 (RGB INTERNATIONAL BHD) 25%
$UEMS / 5148 (UEM SUNRISE BERHAD) / 5148 (UEM SUNRISE BHD) 20%
$CENSOF / 5195 (CENSOF HOLDINGS BERHAD) / 5195 (CENSOFT HOLDINGS BHD) 20%
$INARI / 0166 (INARI AMERTRON BERHAD) / 0166 (INARI AMERTRON BHD) 15%
$EKOVEST / 8877 (EKOVEST BERHAD) / 8877 (EKOVEST BHD) 20%

My Entry for PotY 2024: @portoftheyear

$UNISEM / 5005 (UNISEM (M) BERHAD) 20%
$MGB / 7595 (MGB BERHAD) 30%
$CENSOF / 5195 (CENSOF HOLDINGS BERHAD) 20%
$CLOUDPT / 0277 (CLOUDPOINT TECHNOLOGY BERHAD) 30%

Again, this is in no way reflective of my real portfolio.

OTHERSCENSOF HOLDINGS BERHAD ("CENSOF" OR "COMPANY")
- CONTRACT AWARDED BY MINISTRY OF FINANCE, MALAYSIA TO CENTURY SOFTWARE (MALAYSIA) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

CENSOF SECURES RM9.5 MILLION CONTRACT FROM JPJ

website: https://cutt.ly/3wAGPJwZ
FB: https://cutt.ly/dwAGPJiT

Bursa announcement link: https://cutt.ly/VwAGPJja

Censof Holdings Berhad $CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

KUALA LUMPUR: Jentayu Sustainables Bhd, DRB-Hicom Bhd, Censof Holdings Bhd, Hong Leong Industries Bhd, Supermax Corp Bhd and Sentral Real Estate Investment Trust (Sentral REIT) and among the stocks to watch on Tuesday.

KUALA LUMPUR: Censof Holdings Bhd has received a letter of acceptance from the Road Transport Department (JPJ) worth RM9.47mil for the maintenance, verification and calibration services for 48 weighing instruments at the latter’s enforcement stations.

KUALA LUMPUR: Censof Holdings Bhd has received a letter of acceptance from the Road Transport Department Malaysia worth RM9.47mil for the maintenance, verification and calibration services for 48 weighing instruments at the latter’s enforcement stations.

OTHERSCENSOF HOLDINGS BERHAD ("CENSOF" OR "COMPANY")
- CONTRACT AWARDED BY JABATAN PENGANGKUTAN JALAN MALAYSIA TO CENTURY SOFTWARE (MALAYSIA) SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY

An improvement in all business segments has helped Censof Holdings Bhd report a 20% year-on-year growth in revenue to RM25.3mil and earnings of RM2mil for its second quarter ended Sept 30, 2023 (2Q24).

Quarterly rpt on consolidated results for the financial period ended 30/09/2023

$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

CENSOF SECURES CONTRACT FROM PERKESO TO DIGITALISE WORKFLOWS VIA COGNITIVE CONSULTING

website: https://cutt.ly/wwv8Tues
FB: https://cutt.ly/dwv8TuDa

Bursa Announcement Link: https://cutt.ly/fwv8Tid3
$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)

OTHERSCENSOF HOLDINGS BERHAD ("CENSOF" OR "COMPANY")
- CONTRACT AWARDED BY PERTUBUHAN KESELAMATAN SOSIAL (PERKESO) TO COGNITIVE CONSULTING SDN. BHD., A SUBSIDIARY OF THE COMPANY

Which stocks would gain prominence if GST were to be reintroduced?

On September 11, Economy Minister Rafizi Ramli mentioned that the government is considering the possibility of reintroducing the GST as a strategy to expand the tax base. This decision has sparked controversy; given that it was one of the factors contributing to the downfall of Barisan Nasional in the 2018 general election. However, Deputy Finance Minister 2, Steven Sim, later expressed that the current post-pandemic recovery phase may not be the appropriate time for GST implementation. Interestingly, there are several companies that could benefit if the government were to reintroduce the GST.

The first company is $IFCAMSC / 0023 (IFCA MSC BERHAD). IFCAMSC specializes in developing business solutions tailored for the property, construction, hospitality, and human resource sectors, utilizing HRX, HotelX, PropertyX, and ContractX. Their primary objective is to facilitate streamlined business monitoring for the property industry, and their software received certification and accreditation from the Royal Malaysian Customs in 2014.

The second company is $CENSOF / 5195 (CENSOF HOLDINGS BERHAD). Censof operates as a technology company, offering financial management software solutions, including e-payment gateway services and wealth management software. Their clientele spans government, commercial enterprises, and SMEs. Censof's subsidiary ABSS accounting software underscores its relevance in the context of GST, as ABSS provides accounting solutions closely related to GST.

Last would be the company that familiar by most people, $ADB / 0276 (AUTOCOUNT DOTCOM BERHAD). Autocount stands as the largest accounting software provider in Malaysia, boasting a client base exceeding 20,000. GST played a pivotal role in augmenting Autocount's revenue as they have developed an accounting software that is fit for the GST, ultimately leading to its listing on Bursa Malaysia.

$CENSOF / 5195 (CENSOF HOLDINGS BERHAD) and $IFCAMSC / 0023 (IFCA MSC BERHAD) good movement.

This is a perfect example of reading the news and trading on a specific theme play.

Congratulations for anyone who bought it!

General Meetings: Outcome of Meeting

Starting next year, IRB is making mandatory the use of e-services. I suppose this includes e-invoicing as well.

Which companies are doing this?

On top of my head I think the potential related companies are

$CENSOF / 5195 (CENSOF HOLDINGS BERHAD)
$IFCAMSC / 0023 (IFCA MSC BERHAD)
$IRIS / 0010 (IRIS CORPORATION BERHAD) ?
$DSONIC / 5216 (DATASONIC GROUP BERHAD)
$MYEG / 0138 (MY E.G. SERVICES BERHAD)

htpadu, and so on.

Anyone heard anything?

Quarterly rpt on consolidated results for the financial period ended 30/06/2023