Itmax System Bhd
MMYX:ITMAX4.40
MYR
0.00
(0.00%)
Itmax System Bhd
MYX:ITMAX
(Bursa Malaysia)
Recent
price
4.40
P/E
ratio
48.30
div
yld
- -
ROIC.AI
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- ITMAX System Berhad is a Malaysia-based integrated digital infrastructure provider specializing in public space networked systems and related artificial intelligence solutions. The company develops, supplies, installs, and maintains networking solutions for lighting systems, traffic management systems, video surveillance and analytics, communication networks, and smart city technology platforms. ITMAX offers its core products and services under categories including video surveillance and analytics services, telecommunications and network infrastructure services, traffic management systems, smart parking solutions, and street lighting systems. It operates primarily in Malaysia, with an expanding footprint across Klang Valley, Johor, Penang, and other Malaysian states, serving municipal governments and enterprise customers aligned with smart city initiatives. Founded in 1998 and headquartered in Kuala Lumpur, ITMAX has positioned itself as a key technology provider supporting the Malaysian Government’s Smart City initiatives focusing on Smart Living, Smart Environment, Smart Mobility, Smart Digital Infrastructure, and Smart Government. The company’s subsidiaries include Sena Traffic Systems Sdn. Bhd., which is involved in research and development, design, assembly, and software solutions for traffic and networked public systems. Its services also include leased and managed video surveillance systems to enhance public safety and urban management. Recent major developments over the past two years include ITMAX securing multiple long-term contracts for smart traffic and surveillance systems, including 15-year deals in Johor as well as smart parking projects in various municipalities such as MBIP, MPKu, MDT, and MPS in 2024. ITMAX continues to expand its digital infrastructure revenue streams, reflecting a strong financial performance with a revenue growth of 47% to RM220.2 million and net profit increase of 27% reported for the 2024 fiscal year. The company's strategic focus on cross-selling and geographic expansion in smart city technology underpins its sustained double-digit growth prospects. Additionally, ITMAX recently signed a memorandum of understanding for strategic cooperation, further advancing its offerings in public space networked systems and artificial intelligence applications. Collectively, these developments underscore ITMAX System Berhad’s comprehensive portfolio in smart digital infrastructure and its position as a leading provider of integrated smart city solutions in Malaysia. The company’s commitment to innovation, long-term municipal contracts, and expansion into new regions highlight its ongoing evolution as a critical player in this sector.