Here is my train of thought after really thinking about how all the pieces will work. PUC has recently teamed up with Bersian who has 3000 merchants using their POS systems in Malaysia. PUC has just launched Presto and we all know there will be an E-Wallet attached to Presto coming out soon this is confirmed. However I believe this EWallet will be used in two possible ways here. One is for Presto users to receive their cash back through the e-wallet so they can spend it as their own money. However in my opinion I also think the E-Wallet will be used as a digital wallet like Alipay so people can use it at shopping stores/retail stores. Now by teaming up with Bersian there are 3000 stores already that PUC can tap into to encourage them to use PUC new Ewallet so allowing customers to start paying using PUC e-wallet. This will happen if Tencent JV is true. I think Presto will start to use the Bersian clients to get onto Presto to sell their products as well.
PUC will return the favour by using their advertising side to help promote them so it is a great JV.
This is all in my opinion but I believe this could be a great business model for PUC.
Yesterday, PUC told Bursa Malaysia it was acquiring the 33% stake in Pictureworks under a cash and share deal. The company said it was buying the stake from Cheong Chia Chou, Tan Pee Tee, Cheow Sook Mei, Pang Meng Chin, Chua Teck Kwang and Superb Go Sdn Bhd. (The Edge 27 December)
Ng Chai Go has just become the top 2 shareholder. We can see something is undergoing such as share swap. Who is Ng Chai Go? He is related to Superb Go Sdn Bhd.
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....
superstarstevenlim
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Posted by superstarstevenlim > 2018-02-02 16:42 | Report Abuse
Remember the 50sen TP? It's coming