Why drop ? When price go up why no ask WHY UPPPPPPPPP ???? haha....its normal correction ...price still abv support trend line 0.79/805.... whose saw the company future pontential they are no worry about price up and down.....they are enjoyed ride up and down up and down ..... relax yeah friends ... hihihi
Ghl will be gaining momentum by gaining more joint ventures with government in 2015. More growth news will follows.
GHL secures 1st public sector client for its cashless payment system
By Yen Ne Foo / theedgemarkets.com | February 11, 2015 : 7:17 PM MYT
KUALA LUMPUR (Feb 11): GHL Systems Bhd (GHL) ( Financial Dashboard) has expanded its transaction payment acquisition (TPA) business to the Malaysian public sector with its first contract to provide an end-to-end system for cashless collection of loan repayments to the country’s largest microcredit organisation, Amanah Ikhtiar Malaysia (AIM).
GHL Malaysia chief executive officer Danny Leong told reporters after the signing ceremony of the contract today that GHL would earn “a fraction of the transaction fee” for loan repayments through GHL’s payment system using a debit card. The transaction fee will be borne by AIM.
“AIM has 350,000 borrowers currently repaying their loans on a weekly basis. So, we are looking at a potential RM1.4 billion [worth of] transactions per month being processed through this cashless infrastructure. This is huge [for GHL],” Leong added.
GHL (fundamental: 1.4; valuation: 0.3) declined to specify how much it would be charging AIM per transaction but said that GHL could charge merchants like AIM less than the usual 0.8% charged by banks, due to its “lower overheads”.
Meanwhile, Leong said GHL has already invested US$1.5 million in capital expenditure to set up the cashless payment system and to provide AIM’s 8,000 collection points with payment terminals. This e-payment infrastructure will be rolled out in the first quarter of 2015.
The contract with AIM, Leong said, is a sign that GHL’s pursuit for public sector work is starting to gain momentum.
“Traditionally, from the GHL standpoint, we deal a lot with banks, telecommunications companies, and large merchants. We are quite new to the government sector. So, this is a landmark project for us.
“We see the potential for government contracts as really bright because Bank Negara is pushing cashless transactions, whether you are in government sector or private sector, and we are in an ideal position to help to spearhead this, together with the government,” he said.
Malaysia has seen payments using debit or ATM cards increased at a compounded annual growth rate of 20% in the last three years. The country currently has 44.6 million ATM cards in circulation.
Under the central bank’s 10-year Financial Sector Blueprint, it aims to grow the use of debit cards from eight transactions per 1,000 inhabitants to 25 transactions per thousand population by 2020.
Leong said that GHL would have a leading role to play in helping Bank Negara achieved its goals and that it is already in talks with several other government agencies to provide a cashless payment system.
“We will see more and more collection-related [businesses], whether it is fees or fines. We believe we will have a role to play to make [such transactions] cashless by using a debit card or an ATM card,” he explained.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
Duit, fact and figures doesn't change. Let's see how much room Ghlsys can go. But one thing for sure, one good cake might catch an attention from one larger party. Wait for the moment. It will be attractive. But Ghlsys is not the darling of klse. So be patient yea.
Exponential grow rates of 100% yoy for the next 3 years.. With device cost per unit can last up to 7 years. Great potential.. Already enter at 0.799.. Looking first TP 0.90, 2nd TP 1.00.. Hopefully will repeat the same behaviour like mitra. Highly recommended by CIMB Analyst.
Hi GHLsys : I am back. Earned the early part before ex bonus last year. Missed the fattest part after bonus. Coming back today expecting to gain the last part. He! He!
To be frank, as an experienced individual in finance and accounting, I see good numbers in GHL's financial results and position. Looking strictly at the point of profit before tax, it is evident the company is growing at an impressive rate. Cash levels are also improving, indicating signs of healthy cashflows.
Quite honestly, higher depreciation costs and taxation are not a bad thing. Capex is required in order to prepare the business to take up new opportunities. These infrastructures are crucial in facilitating the growth of the company.
While this company is pretty much a growth stock, it is one that has very much potential in it. The nature of the business has high business growth and opportunities. More and more people are moving towards a cashless environment and it is highly encouraged by the Government.
As long as the competent team of people are running the show, along with Creador, I see this company can bring a huge impact to the society and the way of doing business.
We hope to see more revenues coming in from the recent activities and deals made by the management. I believe very strongly we can observe strong earnings from the next few quarters.
We can always put a time frame on a particular stock and see if it really performs. If it doesn't perform up to your standards, after all the positive news has been factored in, it is reasonable for you to sell it. Just make sure the stock is given sufficient time to shine and not being prematuredly sold off.
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....
Suhaimi Bin Mohamad
14 posts
Posted by Suhaimi Bin Mohamad > 2015-02-06 20:27 | Report Abuse
Dah lama hold ni....