Collapse, why collapse? Is Mpay the only share going down ? Open your eye, look at the market trend.. red red red everyday. Most of the shares going down as well, not only Mpay. @azimo if you have any information about this counter please share it, not to blame this and that, and please remember business is to build and develop, A business man will concentrate on the business not shares, if a businessman is concentrating on its shares price, please be prepare for grab and go.
@westho I prefer u to be more specific and relevant in your explanations on what & how mpay's products or services u think would push mpay to succeed if any do exist. The prepaid card is nothing new and most competitors or even big banks have such product in place for many years. The e-wallet is also nothing new too. If u could name any products or services offered by mpay that is so remarkable or having an edge against it's competitors then we all could judge. Do u know anything that mpay is doing that is outstanding enough that no others can offer? Otherwise mpay is just competing to eat the same pie same as other competitors, not to mention mpay is a smaller startup and it will be an uphill battle just to stay in the ring.
@azimo can current big bank approve loan within 24hours? Can bank offer ? Come back to your concern, prepaid card and e-wallet. What do you think the purpose to launch this 2 product? Mpay to Earn money? The answer is "Not the main purpose". This is the fastest way to collect data legally. Do you know now a day data equal to money? From business view, if you have the huge data collected, you will be the winner, this is current Fintech company doing "database". Before you grow a business you need data. I have references, ant finance, tencent, amazon, google, facebook .. many many more. Please do more research on Fintech. Jack Ma have shared, DT technology for next 30 years, no more IT.
@westho Wonderful as u said then how come it sinks down? Loan sharks too have money lending licenses to give out loans to undeserving borrowers. Where is the niche? Do u not think banks still have upper hand since they have been collecting customers' data for like forever. I hope u do note that banks have been tapping into fintech as well and does mpay able to manage the risky lending to undeserving borrowers without proven track records of lending practices? Alibaba tested their lending mechanism for more than a decade after much trials and failures so u expect mpay can get it straightaway just like that? I hope the coming qr will not be disappointing otherwise it will be gravely deserving.
@azimo of course it doesn't go straight away, and I didn't mention that. Nothing is easy to develop, but we can see how is Mpay doing, they are on the trend with correct track, it will be somebody in future. And how come it sink down? Please look at the share market as I mention above, not only Mpay sink, most of the counter sink, why don't you ask why banks share sink? Please be fair..
@westho Banks' share sink? Which? Most established banks doing well. Mpay is going into untested water so there is no guarantee it will work or even be profitable continuously. By using new mobile technology and creating new breed of financing or investment schemes in hope to gain market share isn't without valid risks. If u are talking about p2p lending platform, it's still not regulated by BNM just yet not to mention there is still no framework to govern such practices. If new p2p lender such as mpay is given green light to go ahead by certain ministry and the moneylending issuing body in the country, things could go haywire because there is no proper mechanism to protect end users.
There is certainty of reasoning on why mpay is trending lower into the red instead of being picked up optimistically. Honestly in the long term and at the end of the day it will still be those established banking institutions that will be dominating the financing related practices and fintech is just nothing more than being coined as a methodology in facilitating the fundamentals of financing and transaction related services. Mpay will be slowly irrelevant and even being replaced.
Azimo. that is what they said about Alibaba and Tencent 10 years ago. Everyone say no chance...guess what...today they are bigger than banks. MPay has that potential to be considered digital financial institution. Tencent/ Alibaba or Silverlake could easily buy MPay.
Alibaba, tencent, amazon, u name it except they r all profitable. Not surprise if mpay is making another record losses next. When a co. could not even turn a profit, it will keep burning cash by asking more money from financing backers? Not a wise move.
That's the exactly the reason why should be buying MPay Azimo. Did they make a loss for 4Q17? The Co didn't ....it went back to the black.
Keep in mind that Amazon consistently lost money for its first several years as a public company. It first reported a quarterly profit in the fourth quarter of 2001 and, at $5 million, it barely counted. Amazon CEO Jeff Bezos has long maintained that investing in future growth is more important than hitting quarterly earnings targets, much to Wall Street’s chagrin.
open ur eye people, mpay will never change as long as the same management shit is sitting there thinking that they are next Jack ma but guess what, their business plan never work, same old shit, same mentality, continue to con investors money
Diaz flag u r right that this stock has disappointed investors. But so have a lot of other KLSE stocks. When confidence is weak across the board it's natural for weak investors to sell.
Ok la I accept that although Mpay is a turnaround company, it is still no Huaan or Hbglob type of turnaround. But at least it has better prospect than Netx la.
Last time vivocom also give many wonderful stories & promises but what happen? Mpay is another vivocom in the making. Better sell before devalue further
MPAY will have a great joint venture with QSR brand holiding under JCORP. chew chee seng and merril pereyra actually have some connection in friendship. u can see there is a lot e wallet n e payment out there. but only MPAY is manage to involve in KFC outlet e payment. please monitor it closely
The SC and Bursa Malaysia have recently identified a blog ‘Bonescythe Stock Watch’, which was found to have published various articles that contained statements and forecasts that were misleading and deceptive ― an offence under Section 178 of the Capital Markets and Services Act 2007 (CMSA).
Not bear market, it just Mpay do not know how to monetise their products. I told already Fintech/epayment need deep pocket and long gestation period and pioneer not necessary will win... #2 or #3 will have better chances.
This co. syok sendiri (engross with his passion) and you funded his dream.
Although share price not ideal, Mpay has quite a number of projects which the directors promises will contribute to revenue and bottom line of the Company in year 2018.
Tears drop from eyes to cheek and lips. Taste sour, a sour experience. Adult body with small brain believing fintech hype but lost it all to this scam. Still a loss making co.
as i say...too many cock talking PRO mpay ball lickerssss here keep dreaming that mpay will fly..ive already told u, mpay is ship going holland, pls feel free to onboard, ahhaha
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....
westho
16 posts
Posted by westho > 2018-03-15 13:01 | Report Abuse
Collapse, why collapse? Is Mpay the only share going down ? Open your eye, look at the market trend.. red red red everyday. Most of the shares going down as well, not only Mpay. @azimo if you have any information about this counter please share it, not to blame this and that, and please remember business is to build and develop, A business man will concentrate on the business not shares, if a businessman is concentrating on its shares price, please be prepare for grab and go.