Broker Name: CGS International Securities
Date of Report: January 21, 2026
Excerpt from CGS International Securities report.
Report Summary
- Info-Tech Systems is expected to re-rate positively due to strong FY25 financial guidance, driven by higher Academy revenues, growth in HRMS and Accounting, and a new CRM product launch in early 2026.
- The company has expanded its Academy course offerings, notably in AI business applications, contributing to revenue growth, and is leveraging its large customer base to cross-sell new products.
- Info-Tech’s stock is considered undervalued, trading at an attractive forward P/E compared to global peers, and offers a robust dividend yield with a 50% payout policy.
- Key catalysts for further upside include faster customer acquisition, successful new product introduction, and supportive government grants for SME digital adoption; main risks are increased competition and macroeconomic uncertainties.
- CGS International maintains an “Add” rating with a target price of S\$1.10, implying significant upside from the current price.
Above is an excerpt from a report by CGS International Securities. Clients of CGS International Securities can be the first to access the full report from the CGS International Securities website: https://www.cgs-cimb.com
