KUALA LUMPUR (Sept 17): Fintec Global Bhd is acquiring a 19.82% stake in label printing and packaging solution services provider Komarkcorp Bhd for RM16.4 million.

Fintec Global’s wholly-owned subsidiary Asiabio Capital Sdn Bhd is buying the stake from Koh Hong Muan @ Koh Gak Siong and Aimas Enterprise Sdn Bhd, the group said in a filing with Bursa Malaysia.

It is acquiring a 15.81% stake in Komarkcorp from Koh and 4.01% stake from Aimas, in which Koh also owns a 16.7% interest.

The other shareholders of Aimas are Koh Chie Jooi, Koh Chee Mian, Koh Chee Kian, Koh Chee Hao and Lee Poh Tin. Each of them own a 16.66% stake.

Fintec Global said the acquisition will be funded entirely from internally-generated funds.

The group said this acquisition is intended to allow it to capitalise on the market’s current high demand for security prints or codes like Radio Frequency Identification Devices (RFID) and Quick Response Code (QR Codes).

“Komarkcorp has invested heavily in machineries that has the capability to develop and produce new products such as digital personalized labels, variable data prints and security prints,” it said.

Fintec Global also said Komarkcorp, which has been loss-making since financial year ended April 30, 2017, has the potential to turn around its financial performance if it adapts to the market’s changes and demands.

Fintec Global’s share price gained 0.5 sen or 11.1% to five sen today, giving it a market capitalisation of RM30.7 million.

Can add more if continue drop

be patience, ignored those created fake, however, at this juncture, fintec price not looks good

true, foresee opportunity to buy now as price will rise align with growth of expansion, revenues and profits

Ya, price better get back to 0.04/0.045.. Malaysia bersih bersih bersih, mederka mederka mederka!

Better a gain qr rather than losses

superb qr..p/e improved to 2.07, room for price rising

KUALA LUMPUR (Aug 29): PUC Bhd's net profit for the second quarter ended June 30, 2019 (2QFY19) grew 13.44% to RM2.63 million, from RM2.32 million in the corresponding quarter last year, following higher sales from its OmniChannel segment and a RM3.93 million write-back on impairment losses on trade receivables.

In a bourse filing, the group said earnings per share (EPS) declined to 0.12 sen, from 0.16 sen previously.

Quarterly revenue rose 7.21% to RM17.64 million, from RM16.45 million in the corresponding quarter last year.

The group attributed its higher quarterly net profit to higher sales of out-of-home advertisements spaces recorded by its OmniChannel business segment, as well as a write-back on impairment losses on trade receivables amounting to RM3.93 million that PUC had managed to collect from previously impaired trade customers.

For the first half of the year (1HFY19), cumulative net profit nearly doubled to RM4.41 million, from RM2.67 million in the corresponding period last year — with cumulative EPS rising to 0.21 sen, from 0.18 sen last year.

However, 1HFY19 revenue inched downwards to RM30.45 million, from RM32.07 million last year.

In a statement, the group said this was the result of the normalised contribution from its FinTech segment, as 2QFY18 captured the commercialisation of technologies sources from the Shenzhen Institutes of Advanced Technology.

"Amidst the challenging market, PUC Group continued our 'Ventures' spirit in 2019 to forge strategic collaborations with relevant partners to further solidify Presto digital ecosystem. To date, we have onboarded various digital services to Presto, including online marketplace, food delivery, movie and air ticket purchase, as well as a digital game, named Grabbit.

"The soon-to-join Presto Travel services will extend the offering range and are expected to drive traffic to the ecosystem. We are also enhancing the financial element of the ecosystem via introducing credit and more payment features for greater user exposure. Integration among these services will continue to be seen to create more positive feedback loops within Presto ecosystem," said group managing director and chief executive officer (CEO) Cheong Chia Chou.

At Bursa Malaysia's noon break, the counter was unchanged at seven sen, valuing the company at RM153.05 million, with 9.34 million shares traded.

bag contract and better qr also cannot up.. holland stock

just see the qr either today or tomorrow , fintec has been traded in low volume all this while

Buy if you dare, cry if price down

market taste has changed→good results dump, bad result goreng kaw kaw, Malaysia styles

bjgroup poor management has caused the heavy losses

better and better this puc, not sure share price will up or maintain at current level..but this company has prospect and proactive management..will be proven just like frontkn

keep acquired netx..hidden reasons remain doubtable

highest revenue generated with good profits, well done puc

perhaps now described as the accumulation stage for those who have patience

Undeniably bjtoto is main cash cow amongst sister companies in bj group.. however, if sales and profits continue reducing, it may incur financial risk for other sister companies

qr either today or next week must release

stupid management keep asked their banker to support the price for public image..not able to sustain longer as its gambling outlets keep ceasing operation due to less sales

no dividend stated in qr result

tomorrow remember throw eggs during agm, then friday newspaper headline, thereafter price will only move...

totally agreed, heard that CEO is VT daughter.. brainless management

today bursa approved pp 229 millions shares → who will be the buyers?

this entail puc in digital development phase

Latest by 30/8

added question → can make fintec price become 3cts rather than stay @ 5cts

support won't sustain longer..bearish shall appear

Ya, 2 months but in red figure hardly to convince shareholders

market shall response to their unsatisfied performance

Bad qr reflected incapable management in coping with current market demand and competition..Idiot management and its staff has disappointed shareholders

hope to get lower price as this is potential stock

waiting kk123 throw eggs this week agm

Got it at 7cts..next to get u at 6cts

downtrend awaiting

precisely described, engineering profit..

thanks trader for sincere sharing

Initial I thought buy small mirror is enough, but after above comment, pretty sure u need super big one that can reflect yourself..

many many thanks, support u

focus heading 40cts, fintec great profit

kk123, so confident on fintec?

good job focus

you remind me that I has to purchase one mirror just for you..really afraid genm losses make u abnormal here..pity

I only see one copy cat here..sohai..

KUALA LUMPUR (Aug 8): PUC Bhd has proposed to raise up to RM15.58 million via a private placement to fund its working capital as well as digital infrastructure design and development for its Presto mobile application.

The proposal came less than a year since the completion of its previous private placement exercise in October 2018, whereby PUC placed out a total of 159.17 million shares to fund its investment in Celcom Planet Sdn Bhd (now known as Presto Mall Sdn Bhd), operator of e-commerce platform 11Street (now PrestoMall).

In an exchange filing, PUC said today's proposed placement involves the issuance of up to 229.06 million shares, representing 10% of the total number of issued shares, to third parties yet to be identified.

The issue price has yet to be determined but will be issued based on a discount of not more than 10% to its five-day volume weighted average market price up to and including the last trading day immediately preceding the price-fixing date.

Based on an illustrative issue price of 6.8 sen per placement share, PUC is expected to raise up to RM15.58 million.

Of the total, PUC has earmarked RM8 million for its working capital requirements including staff costs and other administrative or operating expenses, while the balance of RM7.43 million will be for the development of the Presto mobile application, besides estimated expenses for the exercise.

PUC’s Presto mobile app was launched in December 2017 and acts as a digital services platform connecting consumers with merchants, service providers, and brand owners. It has an e-wallet feature, known as PrestoPay, launched in September 2018 and thereafter integrated onto PrestoMall.

“Following the integration with PrestoMall, the cashback feature of Presto mobile app is currently being revamped to increase its cohesiveness for Presto community members and to encourage consumers and merchants to actively transact via both Presto mobile app and PrestoMall.

“To support the next phase of the Presto mobile app’s growth, the group intends to utilise the balance proceeds from the proposed private placement (after the portion allocated for working capital and expenses for the Proposed Private Placement) to finance the digital infrastructure design and development of the Presto mobile app,” said PUC.

Barring any unforeseen circumstances, PUC expects the proposed private placement to be completed by the fourth quarter of this year.

At market close today, shares in PUC closed at 7.5 sen, valuing the group at RM161.84 million.

above is for sharings..Only good if I see you push the price up..Please continue make your efforts..

Thanks for the info., as far my knowledge that ceasing was mainly at southern small town like segamat...This toto still claimed themselves at official website as 675 outlets, actual quantity was lesser n lesser year by year..

better utilize to push fintec price

Might shares change hand,, purposely keep at lower price for hidden buyer..

Perak Transit Bhd
(Aug 6, 20 sen)
Maintain buy with a lower target price (TP) of 31 sen: We understand that the full certificate of completion and compliance (CCC) has yet to be received as inspections are still ongoing, while the management is also addressing the issue of routing electricity to fully supply Terminal Kampar’s operations.

Nevertheless, PTrans is committed to maintaining its dividend payout of around 35%, which is above the official policy of 25% or more. As a side note, the management has guided that the dividend payout would now occur twice a year (from three times a year previously).

We lowered 2019 earnings per share by 12% after incorporating Terminal Kampar’s operational delay, alongside a higher effective tax rate of 7% (from 4%) from the diminution of carried-forward deferred tax assets, but hold on to our 2020 estimates (2020E) to 2021E earnings estimates.

All in, we maintain our “buy” rating on the stock albeit with a lower sum-of-parts-derived 2020E TP of 31 sen (implied 2020E price-earnings ratio [PER] of 11.4 times) after: i) removing the warrants dilution from our valuation due to the short time frame for conversion while being out of the money; ii) raising our weighted average cost of capital by 110 basis points to 9.3% to incorporate Terminal Kampar’s operational delay, which could suggest longer time horizons for PTrans to undertake its future projects; and iii) ascribing a lower 2020 PER multiple of five times (from seven times) to its project facilitation earnings in light of the heightened economic uncertainty which could affect bus terminal project consultations.