DATE : 30th October 2017

 

Stock :  CUSCAPI (0.42 cts)

Target Price : RM0.48 - 0.50 cts (immediate)

 

This stock has been called and alerted TODAY! by SGT as follow :

 

 

 

THE INFO

Cuscapi Berhad, through its subsidiaries, provides business management solutions in Malaysia. It develops software, provides preventive and remedial services for POS hardware and related software implementation and support services, and offers network infrastructure and security solutions and services. The company provides its POS solutions primarily for the hospitality and retail industries,including hotel, cruise liners and Chinese restaurants;It also offers POS solutions and system integration services. It was formerly known as Datascan Berhad. The company is based in Shah Alam, Malaysia.

THE KEYNOTE

CUSCAPI - (JAN 2017) - SHARES in Cuscapi Bhd (fundamental: 1.25/3; 0.3/3) triggered our momentum algorithm for the second time this month.The stock closed two sen or 12.5% higher at 18 sen yesterday, with 7.48 million shares traded versus a 200-day average of 609,958 shares. Cuscapi provides technological solutions for food and beverage companies, as well as those in the retail, hospitality, automotive, financial, telecommunications and public service industries. For the third quarter ended Sept 30, 2016, Cuscapi’s net loss widened to RM4.4 million from RM3.2 million a year ago, dragged by reduced sales and increased cost of service for customers in the Southeast Asian region as well as China. Quarterly revenue dipped 5.7% to RM9.5 million from RM10.1 million previously. Cuscapi was trading at 1.37 times its net book value.

CUSCAPI - (FEB 2017) - Planning to place out new shares to raise as much as RM7.63mil for working capital purposes. The company said the proposed private placement entails the issuance of 56.94 million new ordinary shares, representing up to 10% of the total number of the company’s shares, to third party investors. The proceeds for working capital will be utilised to finance the day-to-day operations of the existing business of the group, such as repayment to creditors, staff salaries and general administrative expenses as well as other general operating expenses as and when the need arises. This would allow the company to preserve cash flow for reinvestment and / or operational purposes for further growth. Proposed private placement was an expeditious way of raising funds from the capital market, as opposed to other forms of fund raising.

CUSCAPI - (MAR 2017) - Software service players saw a boost in morning trade as Chinese online business magnate Jack Ma declared Malaysia as Alibaba Group Holding Ltd’s first overseas e-commerce hub. The counters, mostly penny stocks, dominated the most active counters of the exchange yesterday, with Efficient E-Solutions Bhd, which is involved in data solutions and electronic bill services, at the top of the list. Cuscapi Bhd, a software and support service provider, gained 7.5 sen or 31.3% to 31.5 sen it peaked at 40 sen earlier after 93.92 million shares were exchanged, valuing it at RM137.19 million.

CUSCAPI - (OCT 2017) - Planning to raise RM79.8mil by selling new shares and warrants to a group of investors as the information technology firm seeks fresh funds to pay for future expansion.The 300 million new shares will be issued at 25 sen each, while the 60 million warrants were priced at 8 sen each, with an exercise price of 27 sen. Shares in Cuscapi were last traded at 33.5 sen. Cuscapi intends to utilise RM70.1mil for the acquisition of and investment into companies, businesses or assets which have yet to be identified and will largely be complementary to the existing business of Cuscapi,” the company said in a filing with Bursa Malaysia yesterday.

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Efficient E-Solutions Bhd., an investment holding company, provides integrated outsourcing solutions in the data and document processing industry principally in Malaysia. Its data and document processing services include data extraction, conversion, formatting of documents, data printing, and preparation of printed documents for distribution by post. The company also offers a range of information technology services, such as the development of proprietary applications for work-flow management, data conversion, and electronic distribution of documents. In addition, it provides Web-finishing products, forms printing, integrated cards, labels, stickers, and other related business documents. The company was incorporated in 2003 and is based in Shah Alam, Malaysia.

THE KEYNOTE

EFFICEN - (2017) - Software service players saw a boost in morning trade as Chinese online business magnate Jack Ma declared Malaysia as Alibaba Group Holding Ltd’s first overseas e-commerce hub. The counters, mostly penny stocks, dominated the most active counters of the exchange yesterday, with Efficient E-Solutions Bhd, which is involved in data solutions and electronic bill services, at the top of the list.