Thank you momofuku. I just visited the PRESTO website. Looks promising and I think take up rate will be good and hope its sustainable. Could be a good move but watch and see
Tried the Presto app, its actually very good. When you use HappyFresh for groceries or buy from Lazada, there is still the middleman layer. Presto puts us in contact with the actual producers and manufacturers of products and services - which allows them to give better discounts. Quite a number of SELLERS have signed up, and I think its silly for most of retail/producers not to sign up - costless, ease in marketing, huge savings... Loyalty is further encouraged with points and cashbacks.
so much for haters... don't even think we are trying to convince you to buy ... don't buy, pls don't buy... come back here after egm - its stupid to think the stock has been rallying on the release of an app... pls la ppl...
Sumika, maybe some are still not clear and understand on PUC business and future plan. So they all just follow the buy trend to in and sell trend to out
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 launches shopping deals platform, to feature e-wallet by early 2018 Adam Aziz / theedgemarkets.com
December 13, 2017 16:41 pm +08
-A+A 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.
21 Dec 2017 Extraordinary General Meeting Venue: Greens III, Sports Wing, Jalan Kelab Tropicana, Tropicana Golf & Country Resort, 47410 Petaling Jaya, Selangor Darul Ehsan.
Thanks sumika. It will be beautiful if prestopay is able to tie up with big clients like starbucks, gsc movie, entertainment park ticket. And I believe that is enovax's strength.
Oops, this blog is legend blog.... those days many years ago it covered MyEg when it’s just penny company... now MyEg is billion company..... thanks for sharing....
Of course, the key is execution. Execution comes from great executives. Judging from the PUC's MD and its management experience and capability in developing PictureWorks to global brand, Prestopay should be very well executed.
I had take some profit already, still got 20% of my holding.. maybe i keep for long term the 20% or sell. After 21st meeting than c to buy back or not..... I had say if 0.25c++ taking profit time... I not an expert dont follow me. $$$ is your. Just my adivce only.
that has no effect as it is a processing point for wechatpay ... the critical link up involves being the local partner for Tencent... i.e. signing up retailers, merchants... which is more important... what HLB is processing .... if there local retailers do not sign up with the right scanning device, HLB has nothing to process... This is HLB interface and settling with Tencent.... what PUC is involved in is interfacing MERCHANTS with wechatpay users.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BC1010
245 posts
Posted by BC1010 > 2017-12-13 10:22 | Report Abuse
Hold tight, profit taking is usual. PUC is going to launch eWallet platform. At least hold until they launch. Once launch sure goreng a little.