Here is some of the reason on - Why you should invest in Cuscapi
KUALA LUMPUR (March 28): Cuscapi Bhd has appointed Datuk Mohd Jimmy Wong Abdullah as executive chairman of the company, filling a post left vacant after Datuk Larry Gan retired on March 20. Wong's appointment is effective immediately.
In a filing with Bursa Malaysia today, the technology solutions provider said Wong, 55, is currently an independent director of MY E.G. Services Bhd.
3. New management cost of share if higher than current
The new management had subscribe to new share issuance at the following cost
Ordinary share - RM 0.25
Warrant RM 0.08 + Exercise price RM 0.27 = RM 0.35
The current share price of Cuscapi is RM 0.21, which is below the cost of subscription by the new management.
4. Entry of new market
Venturing into Bangladesh (population 160 million people). To implement POS system in order to help Bangladesh government reduce leaking in tax from the retailer.
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Jayakumar is mr wong good good buddy and friend la.
Their office also same place empire city
2019-03-21 08:10
>targestinvest
good friend criteria is not my reason to buy this company...at least cuscapi got some footprint to follow MYEG but sucessful or not we dunno yet...MYEG last year offer e-gov services at bangladesh, cuscapi then this year venture into bangladesh...like digi slogan"i will follow you"...if management really can do thing right, they should already turnaround this company not continue declining in profit...next to see next few quarter to see any turnaround for this company and how the performance for venturing into bangladesh...
2019-03-21 09:15
Is a good thing they already do away with those rev tablets thing.. Now business is look better sense
2019-03-21 09:36
Anyhow, cuscapi is still young because management just took over approx 1 year..
But they already came out with new system c360 engage, means they are working on it.. at least some sellable software, and client base also increasing in southeast asia
2019-03-21 09:37
I believe they can turn cuscapi into a growing company.
in 10 years, no need repeat x22 times, 10 times is good enuf
2019-03-21 09:38
targetinvest... Good to know u did some homework on 0051. Few thing from my view below on top of what your blog written. I believed Cuscapi can do more than just POS.
*Cuscapi owned 20% of Konsortium Multimedia Swasta (KOMMS) after they bought Litaran Pacifika for 16mil. KOMMS is the current RILEKs doing the same e-goverment services as MYEG & MYSPEED. They can revive RILEKs & overtake MYEG in long run for any e-government related project in future.
*Bangladesh EFD dongle for tax monitoring purpose, Cuscapi has the potential to JV with MYEG to develop this like how they did for our GST monitoring dongle last time.
*QSR IPO soon to open more KFC & PIZZA HUT which may adopt the new c360engage for the current & new outlets.
*KLIA 1&2 Cuscapi POS contract are due after 5 years since they won the contract 2015. They may renew since MAHB is busy upgrading both airport now.
2019-03-21 10:33
Wong TS dun want to be appearing in shareholder list ma..
So send his right hand man over
2019-03-21 11:36
If u dun want 10 yrs.. 3 4 years also can sell take profit.. stage by stage ma
2019-03-22 08:48
targetinvest
Tomorrow start your engine to invest for the next 10 years
2019-03-21 00:26