Loss making since 2017 { -22 million PBT } 2018 {-67 million PBT } 2019 { - 44 million PBT } 2020 { 3 Qtrs cumulative losses { - 52 million PBT } excluding amortization
They have been advertising and promoting the Digital warriors project recently (I saw it from Sinchiew Daily). Hope the KipleBiz payment gateway could bring significant recurring income for company ., let’s see the Q4 result ..
E wallet and payment gateway is different , Kiple payment gateway also support Touch n go , I think what GPB intend to do is not directly compete with Touch n go , instead they are focusing on Business solution and prepare for Digital Banking .. If they are fighting for e wallet market then I guess the loss incurred will be even more than today ..
Touch & Go e wallet is the prefer choice and biggest provider in Malaysia. Others are part of multiple strings of new starts up trying to have a bite in the pie. The total number of e wallets providers in Malaysia {as at end of 2019} is 53. Most popular Touch & Go, Grab pay, Boost, Lazada and not forgetting PayPal. Do you still sign up for a new provider?
For those interested , may see the company Digital warrios link as below , https://digitalwarriors.greenpacket.com/ , from what I understand from all the 5 episodes so far , the company is focusing on Business solution for payment gateway instead of e wallet , which they know they can not compete with T n go or boost .. which is their strategy , and this make sense as they can not afford to pay the subsidy ...Wish them success in this round ..
One of my friend who is working in one big MNC company just told me that , they just shut down their Data Center in Hong Kong and moved all the data to Google cloud , and that is the industry trend now as most of them want to cut down the asset and expenses ... hence that is One of the reason why those cloud service provider enjoying such a big growth in recent year ..
That is not really bother me as cloud and Data center is not going to contribute to the bottom line of company in short run , for me , Xendity acquisition is even more crucial as that could immediately improve their bottom line , e KYC is getting more important in month to come , and Company should capture more market share quickly ...I believe CC Puah knows well about this than us ... FYI , if you search the CTOS app for eKYC , the developer of app is Xenchain which is linked with Xendity...
MDEC { Malaysia digital economy corporation } tie up with HUAWEI Malaysia to spearhead Malaysia initiative position as the centre of digital ASEAN and regional digital hub. Malaysia using HUAWEI 5G
: won't average down but wait for it to rebounce .kena trap with all the false hope .GP private placement, data centre , e wallet, hi tech park but look at the performance . Straight losses for the past 4 financial years .no dividend , share dilution, cash problems { if they proceed with the so call CAPEx } how are they funding the projects when business is cash negative.banks are no fools. bankers are most risk sensitive
not only the 100mil from kendal, there is 100 mil PP completed at RM0.52, 55mil PP completed at RM0.5, and now waiting the final tranche of 55mil PP yet to be complete.
the largest top 30 shareholder names appears in the company Annual Report. a search on their 2018 against 2019 display no significant changes in shareholders. PP of this large scale in theory should be reflected in the shareholder list
Acquisition completed already? If yes, then it is good. They got the key building block for e-banking. They can also provide CTOS services to those online lenders like P2P players.
eKYC application will be getting more and more popular , especially when Digital banking start to roll up , on top of that , Xendity also working on solution for Indonesia and Philippine , that would be bonus if they can win some projects from that two countries as well .. Anyway AEON credit just signed up the CTOS eKYC recently ...
acquisition of eKYC { know your customer } platform with Alibaba cloub fall thru. now GPacket acquisition eKYC on thier own. { Placement of additional new shares } Is it good ? for minority shareholders
I can feel that it's purposely push down the price by operator, due to private placement and xendity acquisition as they can pay less or get more shares.
Vaccine GP now - big news . Gp past news on digital bank, e wallet, provider, hi tech property park, MOU with ten cent cloud , yesterday e KYC platform, not forgetting 100million private placement
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....
Jonathan Keung
4,436 posts
Posted by Jonathan Keung > 2020-11-28 10:43 | Report Abuse
Loss making since 2017 { -22 million PBT } 2018 {-67 million PBT } 2019 { - 44 million PBT }
2020 { 3 Qtrs cumulative losses { - 52 million PBT } excluding amortization