Cimb target price 0.33 is base on ASAP and Myazzahra only. Don't forget next year the deal with SME bank. Revenue start from coming q on will be better and better.
This share is cycling from high to low then climb back up from low to high. Just matter of time if checking it’s record. But I taken profit first. Let see if break uptrend resistance or..
KUALA LUMPUR: ACE Market listed company Orion IXL , which specialised in the fintech space, has first-mover advantage in the country as a pioneer in providing fintech solutions for non-bank financial institutions (NBFI) and related industries.
Orion has developed a fintech solution specialising in financial transaction management, using the latest technology such as big data, artificial intelligence (AI) and blockchain.
Apart from being applicable in finance-related industries, its core big data and AI engine can be independently used for various other industries. Orion is also involved in designing and retailing computerised maintenance management system (CMMS).
To recap, in Oct 2018, Orion got a big break in the big data and AI space when its 20%-owned Sukaniaga Sdn Bhd inked a service level agreement with MyAngkasa Holdings.
The agreement entails Sukaniaga providing a fintech end-to-end loan application and approval system called “MyAngkasa Az-Zahara” (MyAzZahra), MyAngkasa is a subsidiary of the ANGKASA, the apex organisation for the co-op movement in
Malaysia, with 14,000 co-ops and 6.5m members as at end-2017. Orion gets a fee of 1.275% on loans approved via MyAzZahra
CIMB Research said under the service level agreement, Orion’s unit Ganda Integrasi Sdn Bhd (GISB) will provide the MyAzZahra system to Sukaniaga.
For every loan approved via MyAzZahra, Sukaniaga is entitled to 1.5% of total loan amount approved, while Sukaniaga will allocate 85% of its billings (1.275% of total loan amount) to GISB.
According to Orion, the MyAzZahra system is based on blockchain and big data analysis, and will incorporate an in-house credit rating engine based on AI.
Over the next few months, the company plans to focus on the eight to 12 largest credit co-ops that are responsible for around 80% of total co-op lending nationwide.
By end-2019F, Orion aims for MyAzZahra to be linked with most, if not all, of the 12 largest credit co-ops in the country.
According to the Co-operative Societies Commission of Malaysia (SKM) the country’s credit and non-credit co-ops lent out RM6.7bn in 2017, comprising mainly personal loans to government staff.
Orion said that it aims for MyAzZahra to deliver pretax margin of 35%-40%.
ayoyo boon keng.....skali ciakap cutloss.....dua kali ciakap bye bye orion.....tiga kali ciakap orion con people.....sikalaang sulah ciakap banyak untuuung....kikikikikih
@papaya this is tactic. Or else how to buy at Low and sell at high? If I tell you all about my entry and exit then what I gain from you? Think properly before u make comment over here.
WELL SAID PAPAYA, """ papaya: ayoyo boon keng.....skali ciakap cutloss.....dua kali ciakap bye bye orion.....tiga kali ciakap orion con people.....sikalaang sulah ciakap banyak untuuung....kikikikikih""""
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....
matg
997 posts
Posted by matg > 2019-09-24 17:09 | Report Abuse
brewing after flushing weak retailers..