Look at CircleDNA, this is a Hong Kong company and they have been doing a good job in promoting their product and branding in the social network and where is MGRC. To be honest, even they have appointed ex-MOH senior staff as Director is only getting the cell lab approval, most importantly is the company needed to get more new businesses and improve the profitability. Just like Chinese poet says “Changing the Soup but not the Medicine”.

How to turn things around, if the existing Management Team does not cooperate with the new Board members @wallstreetrookie? Please remember, this counter is in GN3 and have a regularization plan to be submitted to the exchange before the deadline 31/12/2021 time is running out. You can change the entire Board members but the Management Team remain the same, and how things can be cook up. Best of luck!!!

This counter is now hit by some business road blocks:

1) Lost AmBank account: RGB is longer a partner with Ambank, also understand that the automation of monthly terminal rental collection has been ceased by the Bank, therefore all salesman have to collect rental manually.

2) FDMS: it seems their till-up with FDMS also down to drain. RGB wanted to become FDMS Payment Facilitator or TPA, by till now never happen, and FDMS merchant recruitment also slow down.

3) Left OCBC Master Merchant (MM): all the while, OCBC is not aggressive in Merchant recruitment, and approval is slow and steady.

4) Engaging 3rd Party Agent to Sign Merchant: from reliable sources, RGB is payment RM300 per successful approval merchant to the Agent, wow and is creating lots to OPEX.

From the above 4-points, you may decide still want to invest into this counter, and this counter no longer brings you to the next level, because their 40% of the income is depending on EDC terminal rental, and next 40% of income is transactions fee which we called MDR fee income, with all these losing business activities, how RGB profit can sustain? Question for you to ponder.

https://www.theedgemarkets.com/article/online-moneylenders-gear-serve-smes

Aiya.... GHL ordi went into online moneylending and digital banking and where is Revenue Group, talk talk talk no action....

Another negative news for you guys to consider, understand that RGB is looking at to purchase JFApex and it was been query by regulators... watch out for this news

RGB top line a lot but businesses are unprofitable, they invite guru to promote their stocks and goring, when price is good they off loaded their shares, now they have lost AmB EDC rental income and not involve in Malaysia biggest transit project, see how they can over turn their profit.

Moreover ScanPay is not a main stream eWallet player in this market, and wouldn’t see much contribution to its PAT, good luck....

oohhh... no, another big Malaysia debit card transit project which does not involve RGB and GHL Systems.... cry cry cry

0200 Bosses, pls do not simply use your proceeds to buy over Wirecard M'sia and Wirecard is a sinking ship…..

You are right terence775, and thanks for reminding investors to do their due diligence before entering into this counter, and is fishy and have hidden agendas to what they post and support to this counter, cheers terence775 and thanks for supporting my comment

terence775, you can get it from Nelson Report, from IMR and if you got friends work in AmB you also can get it. If you don't have source, plse don't ask again. You can check and verify with your friends who work in AmB whether they have lost its contract to other 3-terminals vendors and soon all RGB terminals shall be replaced by other brand of EDC terminals

terence775 you want the source, plse get it from AmB directly by urself

Revenue Group Berhad (RGB) was started its business with AmB since 2005 and understand that RGB has lost its supplying of terminals to AmB’s merchants and also losing the electronic transactions fee income as Master Merchant (from the prospectus). Since I’m one of their investors and I’m concerning about their revenue income and can RGB sustain throughout this pandemic, every number tells a story.

RGB is depends on 3-main stream of revenue and they are: 1) terminal rental (40%), 2) electronic transactions fee income which is MDR (40%) and 3) solutions and services (20%), since they have lost the AmB deal, means RGB has lost its terminal rental and MDR fee income from AmB. The Bank has approximately 60Thousand of EDC terminals and guess how much they have lost their revenue.

Moreover, for AliPay and WeChat Pay is very depending on China tourists and this group of tourists is generating 90% of the sales volume and now this group they can’t visit Malaysia, means another drop of revenue. As for TaoBao transactions, RGB is only process Mobile or Tablets transactions and the other operator is processing computer transactions. How they can sustain?

RGB lost AmBank contract?? Ohhh no....

Special share issue, must be buying another company and share swap with new company shareholders, spend and spend shareholders fund and buy companies don’t know how to generate profit, good luck guys

@Stock Wizard, are you sure REVENUE management team is good, I don’t think you know about this company and the management team is horrible, if you continue support REVENUE, your money will go to drain very soon, trust me.....

Bosses and management staff need to cash out again...... and they wanted money to celebrate 2nd anniversary...... hahahaaa

佬细又走货啦

Kitchen-sinking......

GHL sudah announced ada e-Wallet dan REVENUE mana ada e-Wallet

Mesti la GHL better

Nombor2 ini adalah anggaran saja, jangan menipu wang orang, GHL lebih baik daripada REVENUE, saya napak GHL pun ada baru punya putih EDC la.... icst1975 mesti orang REVENUE

Turn lagi.....

Sama juga Revenue punya PE juga 52X dan super high

Naik turun naik turun

Jangan kena tipu, semua berita2 itu palsu.... nanti saham ini goring2 wang semua kena tangkap