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I think many people still see it as normal ICT seller, but actually the stronger angle is the leasing/techfin/XaaS side. With unbilled order book around RM293m plus fresh purchase orders, this one got better visibility than people think
agree with @edward lee, people might switch to renting and leasing services if the price of pc rise too much in short term, so should benefit to ictzone
ICT Zone Asia Berhad (ICTZONE) – BUY, TP RM0.27/share (11x CY26 EPS). An integrated ICT solutions provider anchored on a recurring, lifecycle driven TechFin model. Its embedded position within government and enterprise digitalisation initiatives, supported by long term contracts and structural ICT upgrade cycles, underpins earnings visibility.