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2 months ago | Report Abuse
Catcha Digital partners with KJ, Shahril Hamdan to launch KS Lagi
KUALA LUMPUR (June 24): Digital media company Catcha Digital Bhd (KL:CATCHA) said on Monday that it will co-found KS Lagi, a new digital media business scheduled to launch in the second half of this year.
The company has inked a joint venture agreement with the founders of Keluar Sekejap Sdn Bhd, Khairy Jamaluddin (KJ) and Shahril Hamdan. KJ is the former health minister while Shahril is the former information chief of United Malays National Organisation (Umno).
In a statement, Catcha Digital said the company intends to assume the commercial and business responsibilities for the existing Keluar Sekejap’s business and KS Lagi. Additionally, KS Lagi will create and distribute new media content across Catcha Digital’s existing network that reaches about 20 million Malaysians every month.
Keluar Sekejap claims to be a fast-growing media brand centred around thought-provoking conversations and has achieved tremendous success in the digital media space since its launch in 2023. It has amassed over 1.4 million subscribers and followers across its social media platforms, and over 39 million views on YouTube.
"We are thrilled to partner with KJ and Shahril to co-found KS Lagi," said Catcha Digital chairman Patrick Grove.
“Across Catcha Digital and Keluar Sekejap’s platform we are already reaching the vast majority of Malaysians every month, and we see our audience yearning for a new approach to content and we will be a key part of this.
This collaboration aligns with our mission to build a leading profitable digital group in Southeast Asia, as we continue to pursue strategic partnerships, investments, and acquisitions that are accretive to our earnings per share,” Grove added.
In March last year, Catcha Digital completed its acquisition of a 100% stake in iMedia Sdn Bhd, which specialises in providing digital media advertising solutions to clients in Malaysia.
About four months later, Bursa Malaysia Securities removed the company from its cash company status under Rule 8.03 and Guidance Note 2 (GN2) of the ACE Market Listing Requirements.
On the financial front, Catcha Digital recorded its fourth consecutive profitable quarter. Prior to this, the company has been in straight net losses since 1QFY2019.
The company’s net profit more than doubled to RM1.47 million for the first quarter ended March 31, 2024 (1QFY2024), as compared to RM399,000 in the previous year’s corresponding quarter.
Shares of Catcha Digital declined 1.5 sen or 3.4% to close at 43 sen on Monday’s closing bell, giving it a market capitalisation of RM149.71 million.
2 months ago | Report Abuse
https://theedgemalaysia.com/node/716578 good news
2023-12-18 19:01 | Report Abuse
Looks like more to come, this is beginning
2023-12-18 19:01 | Report Abuse
hhhiiii123 i think you read it wrong. Every minority shareholder is entitled to the RM5.80 offer.. "Scoop Capital is obliged to and has extended an unconditional mandatory takeover offer to acquire all the remaining 48.49% stake in Apollo at RM5.80 per share" https://theedgemalaysia.com/node/694419
2023-11-30 18:37 | Report Abuse
I looked at the report, I believe there's one-off costs related to the GN2 upliftment...they need to pay a big chunk of fees to the advisors during that quarter...
2023-11-29 00:10 | Report Abuse
what do you guys think? looks like an exciting development eh
2023-11-29 00:09 | Report Abuse
https://theedgemalaysia.com/node/691849
Catcha Digital to acquire 51%-stake in Digital Symphony for RM21.17m
KUALA LUMPUR (Nov 28): Digital media company Catcha Digital Bhd is planning to acquire a 51% equity interest in digital agency DS Services Sdn Bhd, more commonly known as Digital Symphony, for RM21.167 million.
In a press statement on Tuesday, Catcha Digital said it has inked a letter of intent for the acquisition and that the consideration payment will be split into two tranches over two years, payable upon Digital Symphony achieving a profit guarantee of audited profit after tax of RM4 million for the first year post-acquisition, and RM4.3 million for the second year.
"The acquisition is expected to materially increase Catcha Digital’s earnings per share," it said.
It plans to fund the purchase via a combination of internal funds, debt financing and equity financing.
Digital Symphony is a Malaysia-based data-driven digital agency that operates in Malaysia and Singapore. It provides differentiated performance marketing solutions to clients using its proprietary software and analytics tool.
Founded in 2014 by Kuhan Kumar Palaniappan, the company serves a broad range of enterprise clients with a focus on the property development sector, said Catcha Digital.
“Recognised broadly in Malaysia as one of the leaders in their field, Digital Symphony will form a key part of Catcha Digital’s strategy going forward. I am confident [in] Kuhan and his team, and I believe we can grow hand in hand. We look forward to working with the Digital Symphony team to bring the business to greater heights,” said Catcha Digital chairman, Patrick Grove.
Catcha Digital's shares closed up 0.5 sen or 1.12% to 45 sen on Tuesday, giving the company a market capitalisation of RM158.44 million.
2023-07-12 00:31 | Report Abuse
thats why always read the materials guys, dont be lazy. crazy value hidden in plain sight. Now institution also x yet come in because GN2, just imagine after the upliftment haha
2023-07-07 09:32 | Report Abuse
Pertama Digital not profitable.. lost so much money but stock strong haha. See this Catcha Digital & iMedia very profitable haha so even more upside?
2023-07-07 09:20 | Report Abuse
KUALA LUMPUR: Catcha Digital Bhd has announced the formation of a new business unit called i-Gov that specifically focused on working to develop technology solutions and software for the Malaysian government and the public sector.
In a statement today, Catcha Digital said i-Gov would look to acquire existing software providers to the Malaysian Government and enhance their capabilities and services as well as engage directly with the government on new initiatives and projects designed to advance the government’s technology agenda.
"We see tremendous opportunities to work with the Malaysian government to unify and improve digital services for the nation and its people, in accordance with The Malaysia Digital Economy Blueprint and Policy for the Fourth Industrial Revolution.
"With the launch of i-Gov, we aim to accelerate Malaysia’s transformation towards a digital economy,” chairman Patrick Grove said.
According to Catcha Digital, i-Gov establishment is to contribute to the Malaysian government’s effort in digital transformation and GovTech in tandem with Prime Minister Datuk Seri Anwar Ibrahim’s announcement on May 15, 2023 on the establishment of the Centre for the Fourth Industrial Revolution Malaysia, an independent centre within the World Economic Forum global ecosystem focusing on two priorities -- digital transformation and GovTech; and energy transition.
Catcha Digital is an investment holding company focused on operating businesses in the digital media, advertising and software industries. - Bernama
2023-07-03 09:35 | Report Abuse
Read the factsheet again.. can become billion ringgit company? keep adding more brands, the boss done it before
2023-06-28 13:30 | Report Abuse
2023-03-23 22:52 | Report Abuse
KUALA LUMPUR, March 23 — Malaysia’s leading integrated digital media solutions provider iMedia has signed a term sheet to acquire up to 80 per cent stake in Headline Media Sdn Bhd (Headline Media).
In a statement today, it said that the acquisition is set to further boost iMedia’s digital media ecosystem and to expand its reach within Malaysia, especially among the English-speaking community.
“We are thrilled to welcome Headline Media to the iMedia family. We have been looking to grow the English-speaking audience within our digital portfolio and Headline Media is a perfect fit,” Chief Executive Officer (CEO) of iMedia Voon Tze Khay said.
It also said that the acquisition is expected to contribute meaningfully to iMedia’s projected profit before tax of RM11 million in 2023.
iMedia has also signed an Exclusive Sales Representation Agreement that will see iMedia responsible for the acceleration of revenue for the four brands under Headline Media.
As part of the acquisition, all social media assets under Headline Media will be fully integrated into iMedia’s ecosystem.
“The acquisition is well-aligned with iMedia's growth strategy which focuses on M&A and operational improvements to strengthen its digital media portfolio. With the addition of Headline Media's reach, iMedia's combined network of owned and managed brands will reach over 13.2 million Malaysians every month,” it said.
Headline Media, co-founded by Rydah Tan, Chan Jin Wen, Dylan Tan, Esther Lee and Sarah Yeoh in 2020, currently owns and operates four leading digital media brands, with WeirdKaya (weirdkaya.com) as its flagship brand. WeirdKaya is one of Malaysia's fastest-growing English social news sites, with a combined monthly reach of more than 6 million across all social media platforms.
Headline Media's other brands include LokLokWords (loklokwords.com), Malaysia's largest content platform targeting Chinese independent school students, EzLokal Food, a Malay lifestyle and food review platform, and OnlyFood KL, Malaysia's first data-driven and honest food review platform.
iMedia - Malaysia’s fast-growing integrated digital media solutions group with a combined following of over 13.2 million visitors across its websites, social platforms and influencer network — has an extensive portfolio of popular online brands and premium video streaming partnerships which include OhMedia, Ittify, Goody25, Goody!, BeautifulNara, Kimchi Daily, Moretify, WeirdKaya, LokLokWords, EzLokal Food, OnlyFood KL, Iluminasi, iQiyi, Newswav, Malaysia Gazette and Oriental Daily Online.
2023-03-23 22:52 | Report Abuse
woohoo another good news for the imedia .. https://www.malaymail.com/news/money/2023/03/23/imedia-acquires-80pc-stake-in-headline-media-set-to-reach-larger-english-speaking-audience/61213
2023-03-09 09:21 | Report Abuse
wow nice and insightful presentation, thanks Ali for sharing!
Last time the numbers not very clear, but look at page 13, the numbers speak for itself, the share price should go the same trend la hahaha
page 6 also interesting, quite clear the direction
then look at page 8 to show the strategy working well, not just tokok
2023-03-09 00:09 | Report Abuse
wow just realized PERTAMA stock went crazy, but Pertama is LOSS MAKING like hell and fundamentals are SO MUCH WORSE than CATCHA...any sane mind should know where to put their $
2023-03-08 11:15 | Report Abuse
Woaaa lets go laa! 25cent the new floor price?
2023-03-07 17:52 | Report Abuse
finally a big one! the imedia people taking shares at 25cents, that is some comfort la the business doing so well in past years kan
Stock: [CATCHA]: CATCHA DIGITAL BERHAD
1 month ago | Report Abuse
any1 going to the investor day?