28/09/2026
📈 ICT Zone Asia Berhad Featured in TA Securities’ Latest Results Update
TA Securities recently published its latest results update on ICT Zone Asia Berhad, titled “Building Momentum into 2HFY27.”
The report highlighted ICT Zone’s continued business momentum, with 1HFY27 revenue reaching RM172.3 million, while Technology Financing continued to record steady growth.
Several key developments were also highlighted:
• RM61.0 million in new TechFin and cloud contracts secured in 2QFY27
• Orderbook strengthened to RM313.5 million
• RM722 million tender pipeline, supported by higher project financing capacity
• GPU-as-a-Service secured its first deal, with additional opportunities in the pipeline
• SewaJe continues to progress through its pilot stage as we work towards expanding its reach to the wider student market ICT Zone
TA Securities maintained its BUY recommendation and revised its target price to RM0.37, from RM0.31 previously, while citing ICT Zone’s recurring contract-backed earnings, multi-lifecycle business model and opportunities arising from continued digitalisation.
As we move into the second half of FY27, ICT Zone remains focused on strengthening our TechFin ecosystem, expanding new technology offerings and creating sustainable value through the full technology lifecycle.
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The investment recommendation and target price stated above are those of TA Securities and are shared for informational purposes only.
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