PETALING JAYA (June 25): Tracking solutions provider Grand-Flo Bhd sees the information technology (IT) business picking up post the 14th general election (GE14) with stronger earnings expected, fueled by positive consumer sentiment.

Its president Derrick Tan Bak Hong is bullish on the group's earnings this year, driven by its IT segment as consumer sentiment turns more positive and with more clarity, following GE14.

The “wait and see” approach prior to the general election on May 9 had led to weaker first-quarter results for the group, as clients were worried over the uncertainty due to GE14, Tan said.

"Grand-Flo is also expecting to ride on the industrialisation 4.0 wave to further drive its IT segment earnings growth. There is surge in demand for IT services,” he told at a press conference, after the group's annual general meeting. 

Listed on the Main Market, Grand-Flo shares were not traded as of the morning session today.