Highlights
KLSE: N2N (0108)       N2N CONNECT BHD ACE : Technology
Last Price Today's Change   Day's Range   Trading Volume
0.725   0.00 (0.00%)  0.725 - 0.73  410,000
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Financials


Market Cap: 433 Million

Market Cap 433 Million
NOSH 598 Million

Latest Audited Result:  31-Dec-2020

Latest Audited Result: 31-Dec-2020
Announcement Date 28-Apr-2021
Next Audited Result: 31-Dec-2021
Est. Ann. Date: 28-Apr-2022
Est. Ann. Due Date: 29-Jun-2022

Latest Quarter:  30-Jun-2021 [#2]

Latest Quarter: 30-Jun-2021 [#2]
Announcement Date 26-Aug-2021
Next Quarter: 30-Sep-2021
Est. Ann. Date: 25-Nov-2021
Est. Ann. Due Date: 29-Nov-2021
QoQ | YoY   -33.45%  |    -25.89%

Annual (Unaudited) ( EPS: 4.53, P/E: 16.00 )

Revenue | NP to SH 112,379  |  27,096
RPS | P/RPS 18.80 Cent  |  3.86
EPS | P/E | EY 4.53 Cent  |  16.00  |  6.25%
DPS | DY | Payout % 3.27 Cent  |  4.51%  |  72.10%
NAPS | P/NAPS 0.44  |  1.65
YoY   72.82%
NP Margin | ROE 23.72%  |  10.33%
F.Y. | Ann. Date 31-Dec-2020  |  01-Mar-2021

T4Q Result ( EPS: 4.90, P/E: 14.80 )

Revenue | NP to SH 117,813  |  29,289
RPS | P/RPS 19.71 Cent  |  3.68
EPS | P/E | EY 4.90 Cent  |  14.80  |  6.76%
DPS | DY | Payout % 4.20 Cent  |  5.79%  |  85.76%
NAPS | P/NAPS 0.44  |  1.65
QoQ | YoY   -5.80%  |    63.97%
NP Margin | ROE 24.34%  |  11.16%
F.Y. | Ann. Date 30-Jun-2021  |  26-Aug-2021

Annualized Result ( EPS: 4.32, P/E: 16.77 )

Revenue | NP to SH 120,486  |  25,846
RPS | P/RPS 20.15 Cent  |  3.60
EPS | P/E | EY 4.32 Cent  |  16.77  |  5.96%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -16.72%  |    20.44%
NP Margin | ROE 20.81%  |  9.85%
F.Y. | Ann. Date 30-Jun-2021  |  26-Aug-2021



Business Performance

Business Performance (By Quarter)

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 0 / 4 0.00% 0 / 8 0.00%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted EPS Growth 0 / 4 0.00% 0 / 8 0.00%
Total Dividend Years 2 / 4 50.00% 3 / 8 38.00%
Continuous Quarters Of Dividend 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 4 25.00% 1 / 8 12.50%
Average ROE 2.74% 2.24%
Average Net Profit Margin 24.28% 20.26%

Business Performance (By Year)

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Years Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 5 / 5 100.00% 9 / 10 90.00%
Continuous Years Of Positive Profit 5 / 5 100.00% 9 / 10 90.00%
Continuous Years Of Profit Growth 2 / 5 40.00% 2 / 10 20.00%
Continuous Years Of Adjusted EPS Growth 2 / 5 40.00% 2 / 10 20.00%
Total Dividend Years 5 / 5 100.00% 7 / 10 70.00%
Continuous Years Of Dividend 5 / 5 100.00% 7 / 10 70.00%
Continuous Years Of Dividend Growth 1 / 5 20.00% 1 / 10 10.00%
Continuous Years Of Adjusted Dps Growth 1 / 5 20.00% 1 / 10 10.00%
Average ROE 8.32% 6.51%
Average Net Profit Margin 20.71% 16.69%

Key Result

Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 117,813 120,486 112,379 61,642 92,926
NP to SH 29,289 25,846 27,096 11,550 18,549
Dividend 25,119 33,492 19,537 7,445 11,492
Adjusted EPS 4.90 4.32 4.53 1.93 3.10
Adjusted DPS 4.20 5.60 3.27 1.25 1.92

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.


Growth

Growth (By Quarter)

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue -2.05% 4.42% 9.91% 1.21% 6.32%
NP to Owner -33.45% -25.89% 20.44% -29.48% -12.38%
Dividend 0.00% 0.00% 49.98% 166.67% 273.43%
Adj. EPS -33.45% -25.89% 20.44% -29.48% -12.38%
Adj. DPS 0.00% 0.00% 49.98% 166.67% 273.43%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

Growth (By Year)

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 4.84% 26.78% 91.12% 7.21% 29.66% 95.46% 6.93% 20.93% 82.31%
NP to Owner 8.09% 57.90% 153.57% -4.61% 39.34% 123.76% 72.82% 46.08% 134.58%
Dividend 28.57% 118.57% 237.36% - % - % - % 249.95% 70.00% 162.39%
Adj. EPS 8.09% 57.90% 153.57% -4.61% 39.34% 123.76% 72.82% 46.08% 134.58%
Adj. DPS 28.57% 118.57% 237.36% - % - % - % 249.95% 70.00% 162.39%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

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  5 people like this.
 
Prudent2 Bro @cg14134! .. where to check that Hundsun Holdings Ltd bought Japannext Co. and SBI Holdings shares in N2N at 0.75 sens ?
Hundsun Holdings Ltd is today the largest single shareholder in N2N by virtue of the shares purchased.
22/05/2021 3:03 PM
cg14134 Under KenTrade platform, check Direct Biz transaction and can confirm via Bursa announcement
23/05/2021 12:02 AM
mastergo new QR out ady.
24/05/2021 6:50 PM
Najib Zamry Good result hopefully can breach Rm1.00
24/05/2021 9:12 PM
Najib Zamry Excelforce already up a lot it is N2N time
24/05/2021 9:13 PM
teareader818 What expertise can Hundsun Holdings Ltd offer N2n? In what way can "both parties leverage on each other's market network and presence"? Can anyone clarify?
25/05/2021 12:34 AM
teareader818 It will be great if N2N and Hundsun jointly apply for BNM's Digital Banking License, don't you think so?
25/05/2021 12:44 AM
jeffchoo Special dividend of 2 sen. But it wasvwritten as Rm. 0.002. Error?
25/05/2021 9:32 PM
teareader818 Not to worry, you won't get RM0.002.
26/05/2021 1:35 AM
goldenluck16 Total dividend is 1 2 = 3 sen.
26/05/2021 8:17 AM
goldenluck16 Good for long term investment.
26/05/2021 8:17 AM
ILoveRedondo 0.002 should be typo??
26/05/2021 9:37 PM
goldenluck16 It's printed 2 sen per share for special dividend and 1 share per share for interim dividend. .
26/05/2021 9:44 PM
Najib Zamry Rm30 dividend ......fantastic 4% dividend yield for FY 2021
26/05/2021 10:56 PM
Luckybull Now wait for it to go main board. If any other affirmative news on the way will be a bonus.
27/05/2021 12:10 PM
teareader818 Have the company applied to go Main Board?

Luckybull Now wait for it to go main board. If any other affirmative news on the way will be a bonus.
27/05/2021 12:10 PM
30/05/2021 9:08 PM
RainT buy
30/05/2021 11:05 PM
Luckybull It greatly depends on bursa activity to profit.
31/05/2021 4:25 PM
issajoke Might be possible merger or acquisition between Hundsun & N2N as there is no doubt Ant Financial is expanding aggressively through acquisition for the past decade. With stock market continue booming and increasing usage of tech due to Covid Era in SEA, is quite a good opportunity for them to expand themselves which is the quickest way of entering foreign market.

In the end of the day, this is only a guess or you could say is a hunch, with China & USA still having strong conflict, the SEA market is the better choice for Ant to expand as previously Ant acquisition offer was shut down from the U.S. Committee on Foreign Investment for a company named MoneyGram.

https://www.uktech.news/how-ant-financial-acquired-worldfirst#:~:text=Ant%20ultimately%20reached%20an%20agreement,its%20blessings%20on%20the%20deal.
01/06/2021 8:00 PM
acbiz88 n2n building base for next explosive move ?
09/06/2021 6:13 AM
TokioDeals Wen Moon??
09/06/2021 1:19 PM
Najib Zamry Go go baby
13/06/2021 9:50 PM
teareader818 issajoke, hope your hunch is right, as I have a lot at stake on this counter.
16/06/2021 9:04 AM
mastergo same. i have a lot also.
16/06/2021 10:46 AM
mastergo no power.
18/06/2021 12:07 PM
fifimao Anyone knows the price per share Hundsun is paying to Softbank, Quick and Nikkei for the acquisition of 24% stake in N2N?
18/06/2021 12:13 PM
mastergo 0.75 - 0.76
18/06/2021 3:16 PM
Najib Zamry Why transfer to main board takes so long to announce
18/06/2021 8:52 PM
mastergo we have to waiting minutes of 20th AGM release, see what n2n answer the questions from shareholders.

Below are questions from shareholders
About Mainboard transfer listing
1. We would like to know the current progress of your company's mainboard transfer which was disclosed at the end of last June.
2. Could you please elaborate if there are any major issues of reasons for the delay in your mainboard of transfer?
3. Can the company advise the expected time to approved?
19/06/2021 2:48 PM
mastergo and i have drop email to N2N

Below is N2N replied.
"The minutes of our 20th AGM is currently still being finalized.
We thank you for your patience and apologise for any inconvenience caused."
19/06/2021 2:51 PM
Najib Zamry N2N Boss extremely low profile and market shy. If he is more press/investor friendly, N2N with such a good fundamental (cash rich and good management) already trading at RM1.00 now. Hudson Holdings limited which has become major shareholder of N2N recently is not "calang calang " company. They are under Jack Ma.
21/06/2021 1:40 PM
Najib Zamry someone is accumulating........
22/06/2021 11:02 AM
yumchar With SBI out, it's about time to take a position in this stock. My faith is in the new shareholder Hundsun Holdings Ltd. What I'm interested in is N2N Connect's Asia Trading Hub that claims to provide a unified trading platform for broker members who can then offer their clients the benefit of trading stocks in Malaysia, Singapore, Hong Kong, Philippines, Thailand, Indonesia, Vietnam and Taiwan with a single trading account. The ATF should generate much more transactional earnings for the Group. Perhaps they are facing regulatory problems.
22/06/2021 11:18 AM
Najib Zamry I hope that there will be more good news coming out end of this week
22/06/2021 12:41 PM
mastergo what news will be next?
22/06/2021 4:53 PM
ILoveRedondo Mastergo, does n2n answers to your questions yet?
22/06/2021 7:17 PM
mastergo I already drop email to n2n, they currently still being finalized. once done, the q&a will available on company website.
22/06/2021 7:32 PM
mastergo Below are questions from shareholders

About Hundsun
1. What kind of new business does the Managing Director expect to be able to develop with the new major shareholders?
2. Do you have any specific ideas on how to team up with them to achieve the Asia Trading Hud plan?
3. Or, Have you already started a dialogue with them on a new collaborative business?
4. Please elaborate on potential cooperation with them. Will it be in HongKong or Malaysia? What will be the most likely business for cooperation? How soon will discussion with them commerce?
5. was the recent joining of Hundsun technologies unexpected by the company? or has this been in discussion for quite some time now?
6. Will they be given board representation?
22/06/2021 7:36 PM
Woolei n2n boss will be the special guest for GS Golden Summit meeting at 26 June. should be able to get some news of what they going to do next.
24/06/2021 1:29 PM
Najib Zamry Woo lei , good to hear that
24/06/2021 9:34 PM
Najib Zamry N2N big boss very low profile hardly meet people. Very surprised to her that he will be special guest for GS Golden Summit this Saturday. Hope that he will share more good news with us especially main board transfer timeline which is long overdue. BTW , may I know how to join the meeting? is it conducted in English?
25/06/2021 9:48 AM
teareader818 Were you able to get news of the GS Golden Summit?

Woolei n2n boss will be the special guest for GS Golden Summit meeting at 26 June. should be able to get some news of what they going to do next.
01/07/2021 10:11 PM
Flying Fox 5 years ago was around 80 cents, now also 80c.

With return of pity tiny dividends, what a loss of holding this. (Opportunity costs)
01/07/2021 10:15 PM
fifimao It's a complicated structure. Hundsun Ayers is one of the biggest in HK. Than there's AFE in HK also under N2N. In Malaysia and Singapore, both N2N and Hundsun Ayers also operating separately.
14/07/2021 1:19 PM
duryahn24 This is still my favorite stock, holding it to the end
15/07/2021 11:55 AM
chickenriceseller after using tiger brokers. this platform super noob.
17/07/2021 9:49 PM
issajoke One thing could be assured is that Hundsun and N2N is currently in alliance and therefore their Hong Kong segment should be safe from competition as both parties have the common interest, we could see that as currently there is new board member being included in N2N which is Mr. Jiang is that is currently working for Hundsun Technologies Inc., which has a subsidiary named Hundsun Holdings Limited. Hundsun Holdings Limited and Hundsun Technologies Inc are the direct and indirect substantial shareholders of N2N Connect Berhad ("N2N"). Hundsun Holdings is considered by N2N's subsidiary, N2N-AFE (Hong Kong) Limited, as a potential competitor in some business in Hong Kong.

https://www.klsescreener.com/v2/announcements/view/3398581

Not sure what is brewing underneath but maybe, just maybe there is a chance for N2N to grab better opportunity to venture into financial solution biz other than stock market related. Recently Hundsun Lirong partner with Finastra to co-develop a treasury solution, enabling banks to develop and deliver high quality treasury operations and capitalize on opportunities.

https://ibsintelligence.com/ibsi-news/finastra-and-hundsun-lirong-partner-to-co-develop-a-treasury-solution/
27/07/2021 5:56 PM
issajoke Logic behind N2N stock
Pros:
- 70% Market share in Malaysia & 30% Market share in Hong Kong
- 80% of their revenue is recurring
- no debt & with good amount of cash at 65mil
- 2019 SBB amount to RM30mil and 2020 special dividend & dividend amount to RM16mil

Cons:
- Till today there is no announcement made by the co. regarding Main Market transfer since June 2020
- Their tech capability might not be that good after reading some reviews in the App Stores, may need better tech expert in their company to improve this matter

Recently after doing some research, found out that their previous shareholder SBI JAPAN were planning to downsize/retreat from HK market due to new security laws that being implemented by the government as SBI believes the law itself does not benefit them which might explain the reason why they decided to sold N2N shares (Revenue - 50% HK & 50% MY).

https://www.reuters.com/article/sbi-hongkong-idUSL4N2G61EI - Sept 2020
https://asiatimes.com/2021/03/major-japanese-financial-firm-may-exit-hong-kong/ - March 2021

SBI didn't explained in what way they would downsize their business in HK and I'm kinda SPECULATING (I said SPECULATE not CONFIRMED) that it might be an opportunity for either Hundsun or N2N Connect to make an acquisition as N2N CEO mentioned they are looking out for potential merger or acquisition at May 2020. The timeline is quite close which is why i think there is a POSSIBILITIES.

https://www.thestar.com.my/business/business-news/2020/05/18/n2n-seeks-ma-opportunities - May 2020

Would Hundsun make the acquisition ? I'm guessing it would be hard to go through as China is making huge tech crackdown and is best for them to stay low but they will still remain as one of the strong contestant if SBI HK is available for sale.
01/09/2021 2:50 AM
guppycrow Tradingview vix front row stock buy
01/09/2021 1:36 PM
issajoke Another thing to take note, N2N on 2018 made a purchase of 28% stake on Australian co. named OurMoneyMarket (OMM),

https://www.theedgemarkets.com/article/n2n-connect-buy-28-stake-austra... - "N2N Connect to buy 28% stake in Australian lender", April 2018

Currently OMM just announced they are raising Series C on August 2021 and it is expected their investor as a backer which included N2N. We may see N2N increasing their stake in OMM as the P2P lending co. reported they already written in excess of $220 million in loans and has projected that it will hit $525 million of loan originations by June 30 next year.

https://www.linkedin.com/feed/update/urn:li:activity:6834248277270020096/ - "OurMoneyMarket raising Series C on $117m valuation", August 2021
02/09/2021 12:53 AM