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huattuatua
Elite |
22-Sep-2025 09:34
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vol has been pathetically thin, wheres the attempt to break the ath? and btw ath was acheived on its debut at 98 n not 95.
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Jiakbuayliao
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21-Sep-2025 13:56
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It is attempting to break Ath@95 | ||
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student
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21-Sep-2025 12:24
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Thank you ! | ||
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SixSigmaCapital
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20-Sep-2025 02:47
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$Info-Tech(ITS.SI) Why is Info-Tech worth investing in?Why does the opportunity exists? Info-Tech is the first Singaporean HR & Accounting SaaS listed company that just recently completed the IPO. It is very tightly held by two builders - co-founders, who partner together for almost two decades and own 70% of the company. Info-Tech is operating in lucrative industry of SMEs, who are structurally underdigitalized and government offers funding for the adoption of the SaaS. Info-Tech is leading in Singapore, while growing fast in countries like Malaysia and India. They have leading margins and GRR over the competitors and they trade at 10x EV/FCF, while almost doubling the FCF in the last 3 years, with a plan to pay out 50% as dividends. This makes them trade at a lower multiple than overseas competitors and where take-outs occur, whereas they hold 10% market share, work on new products and already creating a road-map for further monetization. Even though it is fragmented industry, I believe Info-Tech is in the right position to capitalize on SaaS adoption and grow at a market or higher pace. I believe the right multiple for such business is 20x EV/FCF and not 10x. I&rsquo ve done a lot of work on this company, but to keep it succinct for readers, here are 5 key reasons why Info-Tech is a company worth having a stake in: 1. Best-in-class products with dominant market share. Info-Tech&rsquo s HR Management System (HRMS)&mdash think Workday or Oracle for SMEs&mdash helps businesses manage payroll, leave scheduling, and employee benefits. It holds the largest market share among SMEs in Singapore and is growing at a strong pace in markets like India and Malaysia. Customers love it: a quick Google search shows a 4.9/5.0 rating with raving reviews. Even a competitor I spoke to acknowledged Info-Tech as the undisputed leader in Singapore HRMS. This is reflected in its extremely low churn rate of 9%, which usually occurs only when SMEs go bankrupt, not because they switch providers. 2. Positioned at an inflection point. Revenue growth is one of the clearest signals of product-market fit&mdash customers vote with their wallets. Info-Tech has grown revenue at a 19% CAGR over the past 3 years. While Singapore revenue stalled recently, management explained this was due to focusing ad spend on JobsLah!, their job portal, which underperformed. They have since pivoted back to their core HRMS (over 80% of revenue), setting the stage for a reacceleration of growth in Singapore alongside continued momentum in India and Malaysia. 3. Smart capital allocation and innovation. CEO Mr. Babu has carefully structured operations: R& D in India, customer support in Malaysia, and high-value functions (compliance, data integrity, product leadership) in Singapore. Beyond cost efficiency, the company continues to innovate new offerings&mdash accounting software, a jobs portal, a training academy, CRM&mdash designed to integrate seamlessly with its HRMS. This positions Info-Tech to evolve into a full-stack digital ecosystem for SMEs, all at an affordable price. 4. Strong alignment with shareholders. Management owns 70% of the company. Their incentives are directly tied to shareholder value creation&mdash our money = their money. That alignment is powerful. 5. Attractive valuation with growth upside. At first glance, Info-Tech may not look &ldquo cheap,&rdquo but context matters: this is a recurring-revenue SaaS business. For every $1 in revenue, much of it repeats year after year. Compared to global peers&mdash Workday (EV/EBITDA 50x), Paychex (20.9x)&mdash Info-Tech at 10x EV/EBITDA is significantly undervalued. Add to that its high growth trajectory, disciplined cost structure, and scaling sales/marketing efforts, and it&rsquo s clear the upside potential is compelling. The upcoming IPO will also enhance credibility and visibility of both the company and its products. These are just five reasons, but I could share many more. |
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