Going forward, we forecast the core PATMI to grow at 40.6-75.9% to RM6.6-9.3m for FY23-24f, underpinned by the (i) Ramssol-GoSaas JV, to secure new projects with the Oracle ERP and SCM systems, (ii) ongoing projects to be maintained and renewed, as well as (iii) increasing demand for its EXCEL programs & EnGo platform with the rising demand in corporate compliance efforts. We arrive at a fair value of RM0.455, indicating an upside potential of near to 11.1%, by ascribing the FY24f core EPS of 3.04 sen towards 15x P/E.