http://www.theedgemarkets.com/article/cimb-research-downgrades-ghl-systems-ups-target-rm160

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KUALA LUMPUR (July 20): CIMB IB Research has downgraded GHL Systems Bhd (GHL) to “Hold” at RM1.58 with a higher target price of RM1.60 (from RM1.50) and said GHL is targeting to add 10,000 transaction payment acquisition (TPA) merchants in Malaysia and the Philippines in 2017F.

In a note yesterday, the research house said GHL added about 4,500 merchants in 1H17.

It said GHL’s recent tie-up with Alipay offers attractive opportunities in the Chinese tourist segment; however, it thinks it is too early to quantify the potential earnings impact.

“We are positive on the entry of new shareholder, Actis. Actis could help GHL to scaleup operations, given Actis’s experience in payment systems in emerging markets.

“We raise our FY18-19F EPS by 3-7% to account for better margins from card TPAs.

“We downgrade the stock from Add to Hold, following the strong share price performance (up 70% YTD), but with a higher RM1.60 target price,” it said.

http://www.theedgemarkets.com/article/ghl-systems-fy17-target-10000-tpa-merchants-achievable

more annoucement coming soon...those who can hold will benefit later.

https://bdaily.co.uk/finance/04-04-2017/wechat-partners-with-london-payments-firm-as-it-gears-up-for-uk-expansion/ is WeChat Pay coming to Malaysia also like alipay? If yes then do you think ghl will also partnet with them?

more to come tomorrow!

The MT0I is triggered because they bought above certain no. And they're mainly investor but is a global investor. Go n read their profile Actis. It shows this counter has value.

Kuala Lumpur. GHL Systems Berhad (“GHL”) will commence offering AliPay
payment acceptance services to Malaysian In-stores merchants as well as online
merchants. The roll out will start with physical merchants before end April 2017 and
eventually extended to ecommerce merchants. Malaysia marks the second ASEAN
country, where GHL has tied-up with AliPay to offer an alternative payment option to
merchants.
GHL started merchant acquiring for AliPay in Thailand in 2Q 2016 for physical
stores. To date, GHL Thailand has enabled over 600 merchant acceptance points with
notable chain stores in the hotel, retail and F&B space which has high Chinese tourist
foot traffic. GHL Thailand has now extended the AliPay payment offering to ecommerce
merchants under eGHL, the group’s online payment gateway.