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Overview
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Business Background Excel Force MSC Bhd is an information technology solution provider involved in the design, development, deployment, and maintenance of application and system solutions for the financial services industry, stockbroking, and investment banks. The company operates through three segments, Application Solutions, Maintenance Services, and Application Services Provider. Its products include CyberBroker Front Office, CyberBroker Middle Office, CyberBroker Back Office and others, such as StockBanking and Message Based Middleware. Its major revenue generated segments are Maintenance Services and Application Services, Provider.
  kamdalf KUALA LUMPUR (Nov 16): Excel Force MSC Bhd is acquiring a commercial space in MYEG Tower within the Empire City mixed use development in Petaling Jaya from Empire City's developer Mammoth Empire Holding Sdn Bhd for RM9.86 million cash. "We found the price and space size attractive, taking into consideration our future business expansion needs and that it will be ready for occupation in 18 months. As we are located in an up and coming commercial centre, it is an opportune time to take advantage of the current soft property market to make this acquisition," said Excel Force in a filing with Bursa Malaysia today. "In the event of any delays in realising our business expansion plan, we can rent out the space and earn rental income when ready," it added. Excel Force has today entered into a sale and purchase agreement (SPA) with Cosmopolitan Avenue Sdn Bhd, a wholly-owned subsidiary of Mammoth Empire, for the acquisition. Excel Force has also on the even date entered into a put option agreement with Mammoth Empire to obtain an option at Excel Force’s sole discretion to sell the property back to Mammoth Empire at the sum equal to 66.67% of the purchase consideration within six months from the date of delivery of vacant possession of the property. Excel Force said the option will only be exercised should there be any unforeseen circumstances beyond its control which may impact the group’s operations. It added that the acquisition will be financed partially by internal funds and external borrowing. "Barring any unforeseen circumstances, the acquisition is expected to be completed within 18 months from the date of the SPA," said Excel Force. Excel Force shares closed down 0.5 sen or 0.88% at 56.5 sen today, with 525,100 shares done, bringing a market capitalisation of RM234.18 million. 16/11/2018 20:49 17/11/2018 09:24 jonathanlum today first half, this counter has no transaction at all....Fooksing Wong, any comments? 22/11/2018 11:35 value88 Eforce's quarterly earnings never disappoint, but stock price still down so much YTD. 23/11/2018 23:11 Speed123 31.8% up . Geng . But share still drop . Ah Wong really need to do something .. trend follow too much myeg 24/11/2018 15:22 shpg22 Its extremely overpriced now at P/E 32.5x & P/B 4.5x. This stock thrived on hype only, not fundamental. The stock price has overrun the fundamental by few times already. 24/11/2018 15:33 Weeyaa boss wong still tapau eforce n myeg mostly everyday...will shoot up once index klci In rally mode... 11/12/2018 19:00 flash777 Cost 0.5 can earn 20 cents now gonna lose 20 cents at 0.3 ? Wong still has his magic or not... 12/12/2018 10:48 flash777 Legendary be grateful i am here to entertain you..everyone had went silent already...lol 12/12/2018 16:43 legendaryfeeder Posted by flash777 > Dec 12, 2018 04:43 PM | Report Abuse Legendary be grateful i am here to entertain you..everyone had went silent already...lol Probably all follow you sell house sell car. Another 8 bids we can see it touch 0.40. time to sell house sell car 14/12/2018 17:01 shpg22 Very expensive at current price of 0.44. STRONG SELL with fair price at 0.18 @ P/E 11.0x & P/B 1.5x. 14/12/2018 23:25 legendaryfeeder Posted by Musangqueen > Dec 6, 2018 09:53 AM | Report Abuse Very soon the price will be around 0.40. See u there Finally 0.40. Will hit 0.30 end of this year? Gogogo 18/12/2018 17:08 steeelman why this stock completely follow myeg ? even when up when down also same ?? 3.15pm both both up together .. 26/12/2018 15:53 flash777 Legendary you didn’t follow me at 0.4? Too bad 0.3 not happening.. maybe next time lol 14/01/2019 14:36  |
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