Posted by roger3210 > 2020-08-14 15:40 | Report Abuse

can start slowly collect now :D

Posted by Khai Zam > 2020-08-14 16:06 | Report Abuse

wehcant, how Eforce will benefits from Myeg?

Posted by roger3210 > 2020-08-14 16:08 | Report Abuse

that is bull shit.

Posted by amircesc4 > 2020-08-14 16:28 | Report Abuse

Mislead wehcant

Posted by amircesc4 > 2020-08-14 16:28 | Report Abuse

roger321, I will start sub 0.5

Posted by roger3210 > 2020-08-14 17:01 | Report Abuse

I started collecting

Posted by amircesc4 > 2020-08-14 18:33 | Report Abuse

Mana keyboard warrior yang kata small pullback tu????

Posted by ashmira > 2020-08-16 19:41 | Report Abuse

collecting again at 0.445 which is more safer.

Posted by amircesc4 > 2020-08-17 09:21 | Report Abuse

Klci up, eforce x sure up. But klci down, efoece down. I will reenter at support 0.46.

Posted by yesyesyes > 2020-08-17 10:53 | Report Abuse

amircesc4 , it macam coming o .. why you want to exit now .

Posted by Khai Zam > 2020-08-17 11:19 | Report Abuse

amircesc4, do u know how eforce biz operates and how they generate recurring income?i ask u bcz u've been play this stock long time ago...

Posted by roger3210 > 2020-08-17 11:49 | Report Abuse

eforce wont benefit much from the high daily volume.

Posted by roger3210 > 2020-08-17 11:50 | Report Abuse

becoz most of its earning from recurring income, not like bursa/kenanga earn a lot from trading fee generate from each transaction

Posted by mrmeow > 2020-08-17 12:15 | Report Abuse

there's a % of revenue generated from high daily volume, the other % of revenue is from recurring subscription

Posted by Khai Zam > 2020-08-17 12:22 | Report Abuse

mrmeow, can u explain that?means Eforce stand a chance to generate more income during MCO?

Posted by mrmeow > 2020-08-17 12:42 | Report Abuse

@khaizam, it works like this, N2N & EForce actually works almost the same, a % of revenue are generated through subscription of service. while another % of revenue are from volume transacted, therefore yes N2N & EFORCE both will be benefited from high volume in the market this is definite

Posted by Khai Zam > 2020-08-17 12:57 | Report Abuse

Thanks @mrmeow for clarifications...

Posted by amircesc4 > 2020-08-17 13:55 | Report Abuse

Once off payment vs transaction fee. Subscription fee per year vs trading fees every transaction. When people realised it, just like me, I exit lah.

Jangan kata abang tak payung

Posted by steve_invest > 2020-08-17 13:56 | Report Abuse

Sure eforce will benefited from high volumn transaction especially the trend of market now. The higher transaction, the earning is more. It will become black horse in this kind of market

Posted by amircesc4 > 2020-08-17 13:56 | Report Abuse

In addition. Try learn to read fundamentals i.e. EPS PE and etc etc. This company overvalued even at 0.5

Posted by mrmeow > 2020-08-17 14:33 | Report Abuse

While the economic outlook ahead is gloomy, there is a silver-lining in this crisis. Bursa Malaysia
achieved record high daily trading volume and value in recent months. The new daily trading
volume norm of 7 to 9 billion recorded at Bursa Malaysia seems to have sustained.
These are good news for our customers (stockbrokers and bankers) and to Excel Force. The high
volume transactions contribute positively to our ASP segment and will offset the negative impact of
an economic slowdown.

^ From quarter report, EForce management already state clearly it is good news with bursa high volume

Posted by mrmeow > 2020-08-17 14:35 | Report Abuse

That was when volume is 7-9 billion now is 27 billion hahah totally unexpected by management

Posted by lokim > 2020-08-17 20:42 | Report Abuse

When QR come out?

Posted by deancpc > 2020-08-17 22:08 | Report Abuse

Based on the last 3 quarter reports, the contribution of ASP (income from outsourcing service charge which is volume & transaction based) is as below:
Q1-20: 68%
Q4-19: 70%
Q3-19: 66%

while the other 2 sources of income are:
a) application sales
b) Maintenance services

Considering the high contribution % of ASP to the total revenue of EFORCE, logically the revenue of EFORCE shall significantly improved in Q2 and Q3 2020 along with the continuously high transaction in KLSE.

IMHO, EFORCE shall benefits more than N2N from the high volume of KLSE in last 5 months as >50% of N2N revenue is contributed from Hong Kong rather than KLSE.

To me, the only unknown are:
1) who exactly are the customers of EFORCE in KLSE?
2) how exactly is the transaction/colume based ASP working? If the transaction increase 100%, will the revenue of EFORCE also increase 100%? or lower/higher?

By the way, any recommendation to the website where we could see the line chart that showing the daily volume of KLSE?

cheers

Posted by Khai Zam > 2020-08-18 09:44 | Report Abuse

deanpc This might be help
https://www.bursamalaysia.com/misc/missftp/securities/securities_equities_2020-08-17.pdf

Posted by Khai Zam > 2020-08-18 09:46 | Report Abuse

https://www.ceicdata.com/en/malaysia/bursa-malaysia-turnover-volume/bursa-malaysia-turnover-volume

Posted by mrmeow > 2020-08-18 10:42 | Report Abuse

Lets gooo

Posted by Khai Zam > 2020-08-18 11:01 | Report Abuse

got buying momentum today???

Posted by mrmeow > 2020-08-18 11:06 | Report Abuse

Yes, now it's a bullish candlestick

Posted by roger3210 > 2020-08-18 11:10 | Report Abuse

many stocks up today, so eforce not particularly strong. i start selling those i bot few days ago :D

Posted by Khai Zam > 2020-08-18 11:32 | Report Abuse

i think people started to accumulate anticipate towards strong Q

Posted by Khai Zam > 2020-08-18 11:32 | Report Abuse

btw, what is immediate resistance?

Posted by roger3210 > 2020-08-18 14:09 | Report Abuse

0.545 :D

Posted by roger3210 > 2020-08-18 14:09 | Report Abuse

dangerous if cannot close 0.545, meaning downtrend continue

Posted by amircesc4 > 2020-08-18 14:40 | Report Abuse

Dead cat bounce. Look at the volume. Hehehe.

Posted by amircesc4 > 2020-08-18 15:54 | Report Abuse

Did I warn you? Sold at 0.535. Boleh laa.

Posted by roger3210 > 2020-08-18 17:10 | Report Abuse

I'm slightly better than u, i sold at 0.54 :D, stil keeping some

Posted by SHARK & SHORTIES > 2020-08-18 17:14 | Report Abuse

Suggest do not miss out the forest for trees with this small time comments.

I am looking at 0.85 cents to RM 1.00
Just sit tight guys.

Posted by mrmeow > 2020-08-18 17:27 | Report Abuse

I believe today is the entry signal for some tho, not the right time to sell yet, but it's best to take partial if you're feeling uncertain

Posted by sehvoon > 2020-08-18 19:56 | Report Abuse

E force clients are Kenanga CIMB DBS bank UOB bank and other vietnamesse clients.

Posted by sehvoon > 2020-08-18 20:04 | Report Abuse

Earning of Eforce for the ASP revenue stream is fixed fee plus a variations. There is no further details provided.

Posted by deancpc > 2020-08-18 21:33 | Report Abuse

Thanks Khai Zam.

Posted by Khai Zam > 2020-08-19 09:35 | Report Abuse

Eforce got action today?

Posted by Helena > 2020-08-19 13:06 | Report Abuse

other tech counters are moving up
but eforce seems like not moving

Posted by roger3210 > 2020-08-19 15:34 | Report Abuse

becoz eforce wont benefit much from high daily volume.

Posted by deancpc > 2020-08-20 10:12 | Report Abuse

Roger3210. Mind to share more insight on your view why eforce wont benefit much from high daily volume? Is it based on their report? or you have more insight on their charging model or business operations? or they have explained how it works in the past AGM etc?
I assume you must have some basis for your view.

I am interested to know more as I am struggle to find this info online.
Thanks.

Posted by PakuPuff > 2020-08-20 14:10 | Report Abuse

All these comments about eforce not gaining from high daily volumes/value really amazes me. Eforce is a direct benificiary from high trading volumes/value.

Eforce claims that it has a 50% market share of total volumes/value traded (from its website). If you want to get a sense of how it works, you can work backwards for 4Q19 and 1Q20. Dividing ASP segment revenue by 50% of total volumes or value traded. Then when u get the average revenue/per value traded, multiply it by 2Q20 value traded. All these information are available on the bursa website. Eforce gets a fixed percentage cut out of every trade from its clients.

After doing this, you'll see that Eforce will likely record its best ever quarterly profit since its listing. If not the best, at least 2nd best (1Q13; RM2.7m). 2Q results will be at least 100% up y-o-y.

This is a boring tech stock but its probably one of the most fundamentally sound ones. 5 year average PE is 45x, assuming a 30x PE based on FY20 earnings, Eforce could be worth at least RM1. This is on the assumption that average trading value for 2H20 is RM5bn/day, which is much lower than 3QTD average value traded. N2N is also a beneficiary but it is not as direct as Eforce as only 40% of its revenue is from Malaysia.

Do your numbers before you speculate.

Posted by mrmeow > 2020-08-20 14:14 | Report Abuse

PakuPuff, can share with us from where can we find out the average PE? I'm looking for the data but couldnt find it haha

Posted by PakuPuff > 2020-08-20 18:05 | Report Abuse

I got it from AllianceDBS' report. Think you can ask any of your friend who has a brokerage account with Alliance. Sellside brokers extract their PE data from Bloomberg Terminal.

Posted by Jingweihan > 2020-08-20 19:14 | Report Abuse

just buy b4 qr