Marcus please do the calculation

new director with background from khazanah maybank

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5710425

http://www.theedgemarkets.com/article/can-epayment-players-capitalise-lifting-barriers

Has this got to do with e-wallet launching by 1H2018?

A quick glance at the qr report, the company is still at the initial stage of utilising the 36m for the new initiatives (~ 1m used out of 11m)

Investors probably kiv this stock until further announcement is made

We should expect an egm for PW after/should bursa give go-ahead (application submitted last Friday)

Something like provision for doubtful debts. The trade receivables been more than 12 months, but unable to collect.

Am I correct?

http://www.theedgemarkets.com/article/softbank-100-billion-vision-fund-will-invest-70-100-tech-companies-says-fund-ceo?type=corporate

WeChat, Alipay offer overseas tax refund services to Chinese tourists
https://sc.mp/2sXHwrN

http://m.thesundaily.my/node/527708

news on shopback offering cashback

https://www.google.com.my/amp/s/www.cnbc.com/amp/2018/01/22/tencent-wechat-mini-program-push-takes-aim-at-apple-and-google.html

something like this?

Marcus, any idea what "presto mini apps" means?

presto should sign up more merchants to their platform just like fave (aka groupon)

https://deals.prestouniverse.com/deal?drn=DL18VNLT9UP&arn=C17WQXQHPR

this abalone selling like hot cake

Presto app latest update:

Win up to RM 1,000,000 by sending e-ang pow

I see the ceo is on the leaderboard of the game

Off-Market Trades data from TheEdge

Jan 29 (closed @ 0.23)

- direct deal 500,000 @ 0.25

- block trade 497,000 @ 0.24

- block trade 496,000 @ 0.23


Jan 26 (closed @ 0.235)

- block trade 500,000 @ 0.255

- block trade 498,000 @ 0.245


any idea what does it mean?

did a quick check on linkedin profiles related to puc.

they recently hired a new compliance manager with experience in fintech.

also recruited new personnels for customer service team.

let's see how the company progress in the coming months

will greatly enhance the e-commerce platform if puc does introduce something like this

https://www-forbes-com.cdn.ampproject.org/c/s/www.forbes.com/sites/trevorclawson/2018/01/23/how-to-build-a-fintech-unicorn-how-adyen-became-a-2-3bn-payments-company/amp/

will e-wallet be launched in time for cny?

if yes then we can get e-red packet hopefully

Sumika mentioned 2 week ago "I have no objective to lure anyone, but hold for 2 more weeks and you will be pleasantly surprised. You will have protection on the downside as they are issuing shares at 32.5 sen... kapich."

Maybe next week is D-Day?

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=84213&name=EA_GA_ATTACHMENTS

Page 28

Cheong Chia Chou has abstained and will continue to abstain from all deliberations and voting at the relevant meetings of the Board in relation to the Proposed Acquisition.
Cheong Chia Chou will abstain from voting in respect of his direct and/or indirect shareholding in the Company, if any, on the resolution pertaining to the Proposed Acquisition at the EGM of the Company to be convened. In addition, Cheong Chia Chou has also undertaken to ensure that persons connected to him will abstain from voting in respect of their direct and/or indirect shareholding in the Company on the resolution pertaining to the Proposed Acquisition at the EGM of the Company to be convened.

correct me if i'm wrong, the PW announcement stated the ceo won't vote in the egm

https://www.facebook.com/mplusonline/posts/1627249130646465

any idea what is this m+ online?

Ongoing WeChat developers conference in Guangzhou update:

1. Tencent team up with Lego http://www.theedgemarkets.com/article/toymaker-lego-teams-chinese-internet-giant-tencent?type=corporate

2. WeChat "tipping" feature for iOS devices http://www.theedgemarkets.com/article/chinas-wechat-plans-resurrect-tipping-button-after-agreement-apple?type=corporate

a recap of Presto launch event
https://www.facebook.com/PrestoUniverse/videos/1978910849101871/

Partnership between Hong Leong Bank & WeChat Pay

https://www.hlb.com.my/en/personal-banking/news-updates/wechat-pay-in-malaysia.html

PUC launches shopping deals platform, to feature e-wallet by early 2018

By Adam Aziz | 2017-12-13 16:41:41
KUALA LUMPUR (Dec 13): PUC Bhd marked its entry into the e-commerce market today with the launch of its social marketing platform called "Presto", which aims to benefit shoppers and sellers with digital tools, creative rewards mechanism and cost-effective marketing solutions.

Presto is also slated to roll out its e-wallet service by early 2018, having received the approval from Bank Negara Malaysia for a large scheme e-money licence last September.

"With Presto, shoppers can spend their marketing dollars to reward sellers who share their deals through social media, which is more effective than plain advertising through media owners," PUC group managing director and chief Cheong Chia Chou told reporters at the launch today.

"Unlike most e-commerce platforms which only focus on consumers' needs, Presto ensures that both shoppers and sellers are able to maximise cash-back, as well as drive sales at prices that sellers are comfortable with.

"Our aim with Presto is to revolutionise the way we shop and build businesses as we forge ahead with the digital future," he added.

Sellers can register with Presto for free. The platform charges sellers a basic 5% transaction fee for every product sold, with additional marketing fee under the relating marketing schemes.

Unlike other social marketing platforms, Cheong said Presto does not adopt fixed discount, meaning sellers can opt for no discount until their own sales targets are met. "They can also leverage on the digital platform to assess sales record and identify shopping trends," he added.

Presto Deals — the e-commerce part of the platform — rewards shoppers with great deals from sellers, together with a cash-back mechanism through individual and joint purchases for multiple accounts, and social media sharing of the deals.

At 4.19pm, shares of PUC rose 0.5 sen or 1.96% to 26 sen, giving it a market capitalisation of RM350.99 million.

PUC launched this https://www.prestouniverse.com/presto

China-backed Asian Infrastructure Investment Bank (AIIB) is studying various proposals to provide financing for green projects, particularly in the renewable energy space, either in Malaysia or overseas but led by “Malaysian firms”, said its senior economist Dr Thia Jang Ping.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Johnity Ongkili had on Oct 25 said his ministry is looking to award the contract to build large-scale solar photovoltaic plants — valued at a combined capacity of 402 megawatt — to “18 companies” within the next years.

Once approved, financing from China-backed development bank could begin as early as 2018