if look for their financial u can see emcc their net profit is much more thn pappajack for first 3 quater so i think this is good for future maybe nxt qr will be double up the revenue and profit
QoQ profits excluding one-off listing expenses in respect of IPO amounting to RM1.671 million should be 4.651m against previous Q of 3.452m, an increased of 1.199m or 34.7 % .
Prospects: Our Board od Directors is optimistic of our Group's prospects after having considered, amongst others, our future plans as follows: (1) Expansion of our pawnbroking business. Our Group's is committed to continue growing our pawnbroking business as we foresee that there will be continuing and increasing demand for pawn loans,especially amongst the unbanked and underbank population in Malaysia. As part of our expansion plan we had on 14 November 2023 completed the Acquisition which in turn had resulted in our Group operating 2 additional pawnshops in the Klang Valley. As at date of this report, our Group has a network 24 pawnshops in Malaysia comprising 21 pawnshops in Kuala Lumpur and Selangor,2 pawnshops in Negeri Seremban and 1 pawnshop in Pahang. Notwithstanding the Acquisition, our Company intend to open and/or acquired more new " Pajaking" pawnshops in Kuala Lumpur, Selangor and Pahang in 2024 using part of the proceeds raised from our IPO that were allocated to fund the expansion of our pawnshops. Our continuous efforts to increase number of pawnshops we operate would in turn enable us to grow our pawnbroking business and market visibility substantially. In addition, we have also allocated RM30 million of the proceeds raised from our IPOto fund the additional cash capital of our pawnbroking business. The increase in cash capital would in turn enable our "Pajaking" pawnshops to disburse more pawn loans to our pawnbroking customers and thereby,enabling us to earn more interest income from the pawn loans disbursed. (2) Increase market visibility of our gold and luxury products retail and trading business. We recognise the importance of digital marketing in the current business environment and are increasing our efforts in online advertising and promotions in order to enhance the digital presence of our gold products retail business.As part of this strategy, we intend to,amongst others invest more in sponsored advertisement in order to further advertise our gold products retail business as well as to recruit additional online sales teams in order to grow tge digital retail sales of our gold products.
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: A homegrown air fragrance company, Vanzo Holdings Berhad aims to list on the Ace Market!
MQ Trader 166 views | 23 h ago
0:17
New IPO: Winstar Capital Berhad, a specialist in the extrusion of aluminium profiles and fabrication of aluminium ladders aims to list on the ACE Market!
MQ Trader 326 views | 2 d ago
0:17
New IPO: Topvision Eye Specialist Berhad, specializing in medical eye care services aims to list on the ACE Market!
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....
xuxu
5,865 posts
Posted by xuxu > 2023-11-21 08:51 | Report Abuse
wan farid you apa stok pun cakap tak bagus punyalah, yg sendiri beli bagus hehe