You are right. The results are decent. At least. But it's also the general mood of the market. Technology stocks aren't in favour right now. Come to think of it, nothing is. Investors are quick to punish poor results. But just look when these are reasonable.
look at the list of 30 big guys only account for 50%. How about the rest? ~ 7000 of them........WOooowwwwwww. Want the price to go up? This is a tough cookie to bite. The only way is to bring it down to 10 cents and then....up..up.up..up..up...up again..agree???? How long will it take, it beats me, honestly..:)
Censof’s unit ABSS partners with Australian company Mint Payments - See more at: http://www.thesundaily.my/news/1721139#sthash.TrJNL4VE.dpuf PETALING JAYA: Censof Holdings Bhd's unit Asian Business Software Solutions Pte Ltd (ABSS) has partnered with Australian company Mint Payments Ltd (Mint) to distribute, license and integrate Mint's omni-channel payment solutions with ABSS' MYOB branded SME software products.
In a statement yesterday, the financial management solutions specialist said the agreement has an initial term of three years and will cover 11 countries throughout South East Asia.
Currently, Censof said ABSS's primary markets are Singapore and Malaysia, which are the leading accounting solutions provider with more than 200,000 business customers.
Censof noted that the partnership capitalises on the increasing trend of digitisation and computerisation in the Asian market and the developing appetite for e-commerce and mobile payments.
"This partnership will add to our portfolio of products and will enable them to deliver a wide range of business solutions using innovative technology to more than 330,000 businesses and accounting practices in the Asia region," Censof's managing director Ameer Shaik Mydin said.
"Mint is the leading payments provider and we are delighted to work hand-in-hand with them to transform and modernise business management systems for our customers," he added.
quoted..."Currently, Censof said ABSS's primary markets are Singapore and Malaysia, which are the leading accounting solutions provider with more than 200,000 business customers. "
WOooowww, many customers, if I understand it correctly, which means if Censof ABSS makes $100 dollars net profit from each customer respectively PER ANNUM..., it is already 20 millions net profit, right??? Correct me if I am wrong...it really sounds promising....
DON'T tell me they can not even make $100 bucks nett per annum from each and everyone of them...IF NOT, SOME OF THE THE 'NUMBERS' MUST BE OFF...
Censof unit in deal with Australia’s Mint Payments Censof Holdings Bhd’s subsidiary, Asian Business Software Solutions Pte Ltd (ABSS), has entered into a master services agreement to distribute, license and integrate Mint Payments Ltd’s omni-channel payment solutions with ABSS’s MYOB branded SME software products. The exclusive agreement with Mint, a company listed in Australian Stock Exchange, has an initial term of three years and will cover 11 countries throughout Southeast Asia. (SunBiz) Kenanga Today
Malayan Banking Bhd (Maybank) is capitalising on Censof Holdings Bhd's IT expertise to offer digital banking solutions to small medium enterprises (SME) in Singapore.
In a joint statement, Maybank and Censof said Maybank had signed a
memorandum of intent with Censof's subsidiary Asian Business Software Solutions (ABSS).
"This collaboration will see Maybank and ABSS work hand-in-hand to deliver innovative solutions that leverage on MYOB software and the existing Maybank2U Business Internet Banking online platform.
"Asian Business Software Solutions (ABSS) group, via their MYOB branded SME accounting software, is at the forefront of SME growth in the region and is a specialist in the digitisation and modernisation of SME processes," Maybank and Censof said.
Maybank Singapore chief executive officer Datuk Lim Hong Tat said in the statement that capitalising on "financial technology" was one of the methods to grow the bank's business.
SMEs are at a turning point, they need to look to financial technology to transform and grow their business. As a partner to SMEs for more than 56 years, our goal is to provide our customers with solutions that address the needs of our customers, from payroll to payments, so that they can compete in a fast and cost-effective manner particularly as we face a challenging economy, Lim said.
Censof managing director Ameer Shaik Mydin said a collaboration with Maybank would raise Censof's profile. This collaboration with such an esteemed organisation as Maybank is a testament to the effectiveness and capabilities of our solutions. This partnership will add to Censofs growing list of partners and enable us to continue to be at the forefront of SME growth across the region," Ameer said.
At Bursa Malaysia today, Maybank shares fell four sen or 0.4% to RM8.86 for a market value of RM86.98 billion. The stock saw 387,900 shares transacted amid broader market losses.
At 10:07am, the FBM KLCI fell 10.97 points to 1,663.79.
(c) 2016 Emirates News Agency (WAM) Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers
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....
jl88
1,446 posts
Posted by jl88 > 2016-02-17 17:38 | Report Abuse
long way to go