Forecast. Minor tweaks of assumptions (S&S GP margin and effective tax rate) led to higher FY20-21 core net profit by 1.4% and 1.1%, respectively. Reiterate BUY on the back of higher fair value of RM2.00 based on SOP valuation (see Figure #2), implying an upside potential of 33%. We like the company as it is a rare proxy to the robust domestic e-payment industry which undergoing multi-year of secular growth on the back of (i) robust growth in EDC terminals; (ii) regulatory push to drive e-payment adoption; (iii) riding on e-wallet trend; and (iv) beneficiary of China cross-border e-commerce trend. Near-term catalyst for the company is its potential of transfer to main market listing next year.
Source: Hong Leong Investment Bank Research - 30 Aug 2019
Yes,undeniable, TA is important for us to take position on uptrend stocks to avoid lossess
but without FA is same meaning as doing gamble
TA can be due to various reasons : some party push up, push down price, or control the price
for PE high , we need see what is the reasons behind it
for REVENUE, investors expectations on REVENUE future is high so they willing to invest by foreseeing the future profit from REVENUE will be much better than today, KENANGA growth fund willing to invest high PE range for this stock
same also goes to QL, HARTA, TOPGLOVE, MYEG
Also we must see the high /low PE is it due to one off items in the past 4 quarters earnings, for example MYEG And the profit reduce is due to sesonal or any special event, by knowing all this, make your investment become more better than the majority because you analyse information & make more reasonable judgement based on the data that you have All the four companies is good company & we must judge what is our entry price & still have ho much upside potential that we have
KUALA LUMPUR (Oct 14): E-wallet linked stocks on Bursa Malaysia rose this morning, following the boost from Budget 2020 to e-wallet sub-sector initiatives.
At 10.18am, Revenue Group shares added 2.61% or 4 sen to RM1.57, while Green Packet was up 4.2% or 3 sen to 74.5 sen.
PETALING JAYA: Touch ‘n Go eWallet is aiming to achieve at least an 80% penetration rate for both users and merchants by 2020.
“We’re reaching out to as many major retail corporations as possible, while simultaneously looking at SMEs, and even individual traders at pasar malam or mamak restaurants, ” said TNG Digital Sdn Bhd chief executive officer Ignatius Ong.
The Budget 2020 which was announced on Friday saw the announcement of a one-time RM30 ewallet payment for users who are Malaysians aged 18 years and above and who are earning RM100,000 and below a year.
It will be claimable from Jan 1 to Feb 29 next year and the approximately RM450mil ewallet payout is expected to benefit 15 million Malaysians.
Ong said Touch ‘n Go eWallet now has over 5 million users and is aggressively growing its reach in the country.
“As the largest e-wallet in Malaysia both in terms of size and usage, we are always looking at ways to expand our business in a way that we are at every daily touchpoints of consumers, ” he said.
From our recent meeting, we gathered that RGB’s outlook remains encouraging with more positive developments ahead.
EDC demand is expected to remain robust on the back of aggressive deployments and replacement cycle to meet expiry in 2020.
ETP, for both offline and online, is projected to expand sturdily stimulated by rapid EDC rollout, VMY2020, Budget 2020, Lazada and more partnerships.
S&S with the full year consolidation of Buymall and Anypay will sustain growth momentum as RGB put more emphasis in creating supporting services or ecosystem surrounding EDC and ETP segments.
While transfer of main market listing may not be immediate, we still like RGB and reiterate our BUY call with TP of RM1.95.
Source: Hong Leong Investment Bank Research - 16 Oct 2019
Both of mother and son, I have... totally optimistic on this in mid term.. in long run, there will be competitors as the so-called infrastructure of cashless is established, especially when 5G network is done. Then, they need to have something really good intangible asset such as goodwill to protect their business. At the moment, the direction is right
just feel that the prospect had been blown to the sky, worry if the result slightly below expectation share price will plunge deeply. just opinion, don't shoot.... huhu....
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....
Samtuckfatt
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Posted by Samtuckfatt > 2019-10-12 21:34 | Report Abuse
https://www.thestar.com.my/business/business-news/2019/10/11/budget-20202-e-wallet-stimulus-big-push-for-digital-payments-boost-ceo-says