Syahril’s target price is pegged to a forward PE multiple of 15.5 times on estimated FY27 earnings. The valuation also reflects a 15% discount to regional peers given the relatively small size of Info-Tech Systems.
RHB’s Syahril Hanafiah has initiated coverage on SGX Mainboard-listed Info-Tech Systems (ITSL) (SGX:ITS
) with a “buy” call and a target price of $1.40. The Singapore headquartered company provides human resource management system (HRMS) and accounting software for SMEs and made its trading debut on July 4, 2025.
“We believe Info-Tech Systems is well positioned to capitalise on the policy-driven shift for SMEs to digitalise core functions, given ITSL’s local native and SME-centric platforms, on top of the huge, yet underserved software as a service (SaaS) SME market,” writes Syahril in a report on April 16.
