Great news, PW is only going to get bigger and bigger. Buying 33% of PW at such a bargain price is just going to give PUC a massive new profit stream. Can't wait for the purchase to be finalised.
Great article and good find Samiar, a lot of investors just follow the herd and sell at a loss. Once PW was announced PUC automatically became a company with exciting future growth.
We have to remember there was an article stating how other camera companies wanted to buy PW at 400m RM but CCC valued it at 1 bil.
“PictureAir has been successfully implemented across various theme parks and attractions in more than 30 sites in over 15 countries. Its compatibility with popular social media platforms has also captured smiles and memories of over 150 million guests per year,” it added.
Pictureworks’ CEO Jenny Tay said the partnership allows the group to build on its advanced imaging and technology expertise and extend its presence in the leisure and tourism sector in the Asia Pacific region as image capture continues to be in demand.
“In today’s technology-savvy landscape, people cherish memories and engagement with family and peers, and this partnership which covers physical and online platforms taps into that opportunity to create meaningful connections for guests to the park,” she said.
PUC will be the dominant force internationally on Imaging IT. Coupled with its E-wallet collaborations with the giants in the industry and its Presto app that is in constant improvements, we as shareholders are confident of its future as a blue chip in its making.
In my opinion nothing has changed, investors got nervous and sold at a loss because some big whales started selling their stocks in which they probably bought at .21 back in the previous run up.
Theres so much potential to come I am hoping Wechat isn't just Presto e wallet but the franchise/JV with PUC like Alipay and the bank......
IF Alipay had to do a JV with a Malaysian company to help with the platform in my opinion Wechat will follow the same path.
Tencent needs a local partner who understand the market to help them implement Wechat pay.
LIMIT UP. Hahaha
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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....
MrFundamentals
28 posts
Posted by MrFundamentals > 2018-02-10 10:13 | Report Abuse
Great news, PW is only going to get bigger and bigger. Buying 33% of PW at such a bargain price is just going to give PUC a massive new profit stream. Can't wait for the purchase to be finalised.