Mpay JV with Singapore private fund for applying digital license. I think for current ACE market trend MPAY target will be 50 cents after securing 100mil capital for digital license.If the license have been awarded to Mpay JV , price target will raise to RM1.00. Mpay is unlike other frying counter like inix , PDZ ( these company do not have sustainable business model and only come out news to fry) . Mpay itself having a bright business model and direction which are align with future market trend that is Digital / electronic wallet. After this pandemic , I think all over the world government will encourage and subsidy the local digital wallet business. Next time, using money notes will totally disappear. Currently digital wallet company listed in KLSE doing similar business with Mpay is Revenue. But this revenue already RM1.30 and it also did not have the expertise to apply digital license. So, Mpay obviously price was under-price compare to revenue. Finally , TP 50 cents in very near term absolutely not ridiculous because Revenue also can hike until RM1.30 , so Mpay with the digital bank vision conservatively target also have 50 cents. Just go to think yourself , share price reflect on projected 6 months ahead company business. By end of 2020 , Mpay is applying digital bank license, so the current share price should reflect to projection business activities which shall be 50 cents a piece now.
Passion Venture Capital (PVC), a MAS Registered Fund Management Firm Launches Innovative and Lucrative SGD100 Million Regional Food Business Fund in Partnership with OURBOSS Pte Ltd, a Singapore-based Company with a Regional Footprint
14 August 2020
MPAY need only MYR 100 mil. But he launch for other SGD 100 mil for others...
PVC is rather aggressive and also arranged with Lighthouse ? ...to raise US2- 100 million JV in US also...providing seed monies for sowing to reap ...hopefully for MPay finally !
With the recent tie up with Passion Ventures, Mpay will finance Coral Power solar power plant of RM 38.5m. It will make sense if Mpay finance Glove start ups, better still take up stake in non listed firms like Latexx glove with this kind of money?
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....
ooo xxx
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Posted by ooo xxx > 2020-08-21 09:00 | Report Abuse
https://www.theedgemarkets.com/article/mpay-enable-ewallet-payments-supermarket-chain-hero-market