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Thursday, February 17, 2011

CENSOF - The key software provider & support for government

NEW IPO
This BUMI listed company has just being listed on 31st Jan 2011, the IPO offer price is RM0.93. It is trading at RM1.34 with the high volume support. It has made an impressive of about 30% return since the IPO.

Strong & Stable Clientele
With the strong BUMI managment team, as well as the establish business in government sectors, it successfully penetrate and gaining more business from the government sectors. Among the main clients are EPF, SOCSO, Ministry departments.

Pioneer among BUMI IPO companies
Censof is one of the main BUMI software listed companies which is supporting by the government with the theme "Goverment to support at least 5 BUMI companies to list in Bursa in 2011". Thus, Censof has became the pioneer and the bencemark for the rest. There is only one objective for the company as well as the stock price: "To get succeeded and all the way up north"!

Good investment opportunity
Based on the above factors, I would give a buy call for CENSOF as more on political play or Election play! Target price may goes up to RM1.60-RM1.80 easily.
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