UOB Kay Hian Research Articles

GHL Systems: A Leader In The ASEAN Payment Wave

UOBKayHian
Publish date: Thu, 06 Jul 2017, 09:13 AM
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GHL is a leading payment service provider in Malaysia, the Philippines, Thailand, Indonesia and Australia. Its high volume growth (at POS terminals) is sustainable, leveraging on the strong demand for online payments across ASEAN. This is supported by new direct merchant acquisitions/partnerships, and also innovative products such as AirPos (a mobile EDC terminal) and apps (PayHere, e-pay). Trading at 24x forward P/E, the implied PEG ratio is decent at 0.5x.

Source: UOB Kay Hian Research - 6 Jul 2017

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