PUBLIC INVESTMENT BANK BERHAD Valuation M3Tech is expected to post improved earnings on higher contribution from its Pakistan operations and a breakeven in its Southeast Asia and China businesses in FY18. While the general opinion may be that M3Tech’s product offerings may be easily replicable, we think it is slightly ahead of the curve and has a head start given the years put into product development and research and development. M3Tech, for now, will win on basis of comprehensiveness, functionality, quality and most importantly, user-friendliness and costeffectiveness of its products. Furthermore, M3Tech is working on potential setup of M3 Online (Hong Kong) as an international gateway for its product distribution and exploring the possibility of listing in Hong Kong’s Growth Enterprise Market with fund raising endeavour in 2018. That said, we remain cautiously optimistic on the company's turnaround prospects, and conservatively value the stock at RM0.17 based on 30x FY18F EPS of 0.57sen, taking into consideration the fully diluted number of shares after warrants conversion.
Growth Drivers Rise of LED display and big data analytics. Driven by enhanced features offered by LED displays, rising advertising activities and promotional events in retail industries, Persistence Market Research's market report has it that the outdoor LED displays installed market is anticipated to expand at a CAGR of 15.9%, growing from USD6.5bn in 2015 to USD15.7bn in 2021. Furthermore, International Data Corporation (IDC) foresees that the big data technology and services market will be growing at a CAGR of 23.1% from 2014 to 2019, with annual spending reaching USD48.6bn in 2019, as more efforts are exerted on improving customer experience, supporting innovation and optimizing business processes. i3Display cloud platform, which is best described as a digital salesperson, perfectly fits into both booming trends to help pushing sales figures of its clients through the roof with better customer engagement. In addition, the digital signage can be transformed into navigational panel or mobile reload kiosk with little tweaking. i3Display offers more functionality as compared with international player likes Signagelive in United Kingdom. Fourth industrial revolution digitalises manual operations. As Malaysia forges ahead towards building a developed digital economy, there is a lot of automation and digitalisation of traditionally manual operations required. These include, amongst others, inception of digital assessment technology into the human resources management for various purposes, such as recruitment, promotion and staff placement to foster a sustainable environment for the development of talent suited to the fourth industrial revolution. To appropriately assess individual performances, i3TeamWorks and i3Tracker fits into the need of an evolved workplace, facilitating task management, sales lead management, human resources management and other operational activities besides playing an integral role in implementation of cost saving concepts like open office and flexible working hours. As there is no similar peer within Malaysia, i3TeamWorks hence occupies a unique space, offering excellent features of international players like Salesforce, SAP, TeamWave and Marketo in United States and DingTalk and Jingoal in China at an affordable price
Business Overview After under-going 2-3 years gestation period, M3Tech rolled out its fine-tuned “i3 Series” platform in 1HFY18 with aggressive marketing campaign. The platform is spearheaded by four product offerings i) i3Display that provides interactive digital displays, ii) i3TeamWorks that provides business solution management software, iii) i3Tracker that enables mobile tracking, and iv) i3Apps that allows creation of mobile application. Adopting Software as a Service (SaaS) model to generate recurring income from clients on monthly or quarterly basis, all the software components are developed in-house. i3Display, a cloud-based platform, comprises both touch-sensitive LED display panel and i3Display content management & broadcast system that showcase interactive content on any connected display terminals without the need for any programming knowledge. Each terminal is configurable individually. More than just an advertising solution, i3Display could also perform intelligent data analytics that could be further utilised for customer relationship management. The display panel, bundled with software developed in-house, is either sold outright or rented out to clients. Hence, this product would help to generate both lump sum as well as recurring income to the company. Perodua’s showroom, Tesco, National Heart Institute, KLIA and KLIA 2 are a few notable places equipped with such a setup. Meanwhile in Hong Kong, resellers’ sale of software license of i3Display content management platform is building up
Seamlessly blended into comprehensive aspects of day-to-day operation via four core modules, cloud-based i3TeamWorks is designed as a complete business management solution that could improve operational efficiency. As an effort to inculcate culture of accountability within the workforce, responsibilities are translated into task that can be monitored and tracked by management on real-time basis. Hence, any deferments or shortfalls in task execution will be prompted and addressed accordingly. Currently, i3TeamWorks has penetrated the local SME market, including smaller-scale financial institution, which is undergoing office automation for productivity enhancement. Figure 2: i3TeamWorks Source: Company i3Tracker has yet to be launched in Malaysia. Nevertheless, M3Tech is negotiating with a local mobile telecommunication operator for potential collaboration in bundling the smart tracking device into mobile phone plans in Malaysia. Meanwhile, M3Tech has ventured into Indonesia by partnering with Telkomsel, which is the country’s largest mobile telecommunication operator, to deliver theft deterrent GPS motorcycle tracker. Incidentally, i3Tracker is also a location pinpointing device when used together with i3TeamWorks. Figure 3: i3Tracker Source: Company Without the need for any programming, the i3Apps mobile application building platform allows for instant creation of customised and cost-effective application that grows as business progresses, with minimum monthly commitment. Winning Best of Applications and Infrastructure Tools in the recent APICTA Awards 2017, the do-it-yourself (DIY) application builder can be used to design electronic brochure, survey form and have the outcome interlinked with the i3Display.
As one of its specific application, i3SOS is a self-ordering system that allows customers making order via their smart devices in food outlets. M3Tech’s bread-and-butter business, i.e., mobile value-added services solution remains the key profit centre of the group, particularly the 60:40 joint venture formed between M3Tech and Yevolve (Pte) Ltd in Pakistan. Although the usage of SMS is on a declining trend in more advanced countries including Malaysia, SMS gateway for mobility solutions is still widely used in Pakistan and growth is expected to continue in the near future. In Malaysia, corporates and banks are still relying on M3Blast to broadcast information or updates to clients via bulk SMS at promotional rate. XOX Bhd was the largest shareholder of M3Tech since 12 May 2016 but it has disposed 39.6m shares (6.8% shareholding) in 3Q17 and left with 5.5% ownership. Meanwhile, PAPAGO (H.K.) Limited emerged as one of the substantial shareholders of M3Tech since 7 Nov 2012 through a private placement exercise but it sold 24.2m shares (4.2% shareholding) in 4Q17, left with 4.9% ownership and ceased to be M3Tech's substantial shareholder. On the other hand, Mr. Lim Seng Boon acquired an additional 0.5m shares (0.1% shareholding) in 3Q17, bringing his total shareholding to 13.4% (including an indirect stake of 4.1%). Based on its FY2017 annual report, several new shareholders have emerged following XOX’s disposal. These new shareholders include GV Asia Fund (which owns a 3% stake of M3Tech), an entity believed to be connected to Mr. Voon Sze Lin. Mr. Voon also holds a direct stake of 1.3% of M3Tech.
ramai tak sedar bahawa m3 dah mencapai aliran tunai positif dari operasi :)
M3 TECHNOLOGIES (ASIA) BERHAD (Registration No. 199901007872 (482772-D)) (Incorporated in Malaysia) CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS For the Fifteen (15) months ended 31 March 2021 31-3-21 31-12-19 Unaudited Audited RM'000 RM'000 CASH FLOWS FROM OPERATING ACTIVITIES Loss before taxation (2,547) (6,528) Adjustment for: Allowance for impairment of receivables 100 1,772 Allowance for impairment of amount due from - - joint venture Amortisation of product development expenditure 1,712 1,548 Bad debts recovered - (78) Bad debts written off - - Depreciation of right of use assets - 686 Depreciation of plant and equipment 2,443 1,318 Accounting standard MFRS 16 - (149) Impairment loss intangible assets 1,000 - (Gain)/loss on disposal of plant and equipment - (238) (Gain)/loss on foreign exchange translation (638) 394 Impairment loss on goodwill - - Impairment loss on investment in a jointly controlled entity - - Interest income (525) (883) Inventories written down 252 584 Prior year adjustment - (1,363) Property, plant and equipment written off - 24 Operating profit/(loss) before working capital changes 1,797 (2,913) (Increase) / Decrease in current assets (567) 2,572 Increase / (Decrease) in current liabilities 3,461 3,394 Cash From/(Used in) Operations 4,691 3,053 Tax Paid (3,380) (1,645) Interest received 715 1,044 Net Cash From/(Used in) Operations 2,026 2,452 CASH FLOWS FROM INVESTING ACTIVITIES Purchase of property, plant and equipment (2,194) (226) Acquisition of intangible assets (856) (1,043) Investment on quoted shares - - Proceeds from disposal of investment - 480 Acquisition of subsidiary - - Net Cash Used in Investing Activities (3,050) (789) CASH FLOW FROM FINANCING ACTIVITIES Proceed from issuance of shares 7,644 2,103 Dividend paid to non-controlling interest (1,701) (1,636) Interest paid (190) (161) Repayment of term loans (405) (86) Repayment of lease liabilities (92) - Net Cash From Financing Activities 5,256 220 NET CHANGE IN CASH AND CASH EQUIVALENTS 4,232 1,883 CASH AND CASH EQUIVALENTS BROUGHT FORWARD 12,897 13,696 EFFECT ON FOREIGN CURRENCY TRANSLATION (2,520) (2,682) CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 14,609 12,897 The Condensed Consolidated Statement of Cash Flows Income should be read in conjunction with the audited financial statements for the financial year ended 31 December 2019 and the accompanying explanatory notes attached to the interim financial statements.
For the quarter ended 31 March 2021, the Group’s Mobile Solutions and trading segment registered a revenue of RM13.9 million as compared to RM10.1 million recorded in the corresponding quarter 2020. The 38% increase for the Mobile Solutions and trading segment was mainly due to the increase demand from banking customers in Pakistan and United Arab Emirates. The sales of Cloud Services Solutions recorded a revenue of RM0.2 million as compared to the corresponding quarter of RM2.5 million. The decrease was mainly due the pandemic and our clients in food & beverage and consumer industries had made the abrupt shift to working from home.
Review of result for current quarter compared with immediate preceding quarter Revenue for the current quarter improved by 9% against the immediate preceding quarter. It was attributed by higher demand for body temperature sensing devices and i3Teamwork platform. The Group reported a loss before tax of RM0.9 million as compared to a loss before tax of RM2.0 million in preceding quarter. The LBT was mainly due to higher direct costs and the provision of impairment loss on receivables and inventories written-down.
The COVID-19 pandemic and the resulting imposition of Movement Control Orders (and their various different adaptations) have led to an unexpected surge in online services, banking in particular. This has resulted in an increase in the volume of SMS traffic provided by our Mobile Solutions Services arm. The launch of our new messaging portal allows direct connection to all of the most popular Instant Messaging apps such as WhatsApp, WeChat, Telegram, etc. This emancipates us from the restrictions of SMS, and opens up a significantly larger user base, that will also benefit from richer message content. The government has gradually and progressively eased the restriction and businesses are allowed to operate under strict Standard Operating Procedures (“SOP”) and this has provided a temporary uplift of our economy. Our Cloud Solutions segment has seen a significant increase in revenue in last quarter, as our customers have primarily been in the Retail, Food & Beverage, and Hospitality industries. However, we have swiftly shifted the focus of our i3Display devices from push advertising to temperature checking and contact tracing, two highly sought-after services in this new paradigm.
Servis mobile dan berkaitan dijangka Akan bertumbuh dengan baik (5G, kerja kat rumah, dll)
KUALA LUMPUR (July 30): Maxis Bhd said today its second-quarter net profit rose to RM360 million from RM342 million a year earlier as the mobile telecommunications network provider’s revenue increased.
In a statement to Bursa Malaysia, Maxis said its revenue increased to RM2.26 billion for the second quarter ended June 30, 2021 (2QFY21) from RM2.15 billion a year earlier.
UOB Asset Management chief executive officer Lim Suet Ling, on the other hand, takes on a “balanced approach”.
“For equities, we are adopting a balanced approach by looking at the value/reopening and growth sectors,” Lim says.
“Within the value/reopening sectors, we see opportunities in consumer and financial names. Meanwhile, we view the technology sector as offering an attractive secular growth story,” she shares with StarBizWeek.
Choo is also bullish on the long-term opportunities in the technology sector.
Mana Si bodoh conman 123 tu? M3 tadi 5c ada beli brp guni? hahaha!!! Bodah kata target price 10c, beli lah manyak2 simpan dalam gudang. Conman tak otak. buat bising sini. Skg tu Mark chew akan disiasat mana dapat $$ beli ESOS. Siapa bagi $$. Ini bawah AMLA.
Berapa pengarah yang dapat esos & berapa banyak syer esos ?? Pekerja2 pulak, siapa dan berapa banyak syer bagi setiap pekerja ??? Sangat kaya ka pekerja m3????
OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Amended Announcements Please refer to the earlier announcement reference number: GA1-01072021-00085
M3 TECHNOLOGIES (ASIA) BERHAD
Type Announcement Subject OTHERS Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") We refer to the ESOS which was approved by the shareholders of M3Tech at the Extraordinary General Meeting held on 25 November 2015.
Pursuant to Rule 9.19 (51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, M3Tech wishes to announce that M3Tech has on 1 July 2021 offered a total of 175,457,781 ESOS options at the option price of RM0.070 to eligible employees and a director of M3Tech in accordance with the By-Laws of the ESOS. The details of the offer of ESOS options are as follows:-
(a)
Date of offer
:
1 July 2021
(b)
Number of options offered
:
175,457,781 (c)
Exercise price of options offered
:
RM0.070
(d)
Closing price of its shares on the date of the offer
:
RM0.075 (e)
Number of options offered to the Company’s Directors under the ESOS
:
(i) Mr. Chew Shin Yong, Mark
41,838,081
(f)
Vesting period of the options offered
:
The options are vested on the offer date
Remark: The Company wishes to clarify that the ESOS were offered to the eligible employees and a director instead of offered to the eligible director only.
M3 TECHNOLOGIES (ASIA) BERHAD Particulars of Substantial Securities Holder
Name MR VOON SZE LIN Nationality/Country of incorporation Malaysia Descriptions (Class) Ordinary Shares Name of registered holder GV Asia Fund Limited Date of cessation 02 Aug 2021 No of securities disposed 19,959,600 Circumstances by reason of which a person ceases to be a substantial shareholder Disposal of Shares and ceased to be substantial shareholder Nature of interest Indirect Interest
Date of notice 03 Aug 2021 Date notice received by Listed Issuer 03 Aug 2021
OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Amended Announcements Please refer to the earlier announcement reference number: GA1-15062021-00065
M3 TECHNOLOGIES (ASIA) BERHAD
Type Announcement Subject OTHERS Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") We refer to the ESOS which was approved by the shareholders of M3Tech at the Extraordinary General Meeting held on 25 November 2015.
Pursuant to Rule 9.19 (51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, M3Tech wishes to announce that M3Tech has on 15 June 2021 offered a total of 231,378,186 ESOS options at the option price of RM0.070 to eligible employees and directors of M3Tech in accordance with the By-Laws of the ESOS. The details of the offer of ESOS options are as follows:-
(a)
Date of offer
:
15 June 2021
(b)
Number of options offered
:
231,378,186 (c)
Exercise price of options offered
:
RM0.070
(d)
Closing price of its shares on the date of the offer
:
RM0.070 (e)
Number of options offered to the Company’s Directors under the ESOS
:
(i) Mr. Chew Shin Yong, Mark
80,982,365
(ii) Ms. Lim Kooi Siang 80,982,365 (f)
Vesting period of the options offered
:
The options are vested on the offer date
Remark: The Company wishes to clarify that the ESOS were offered to the eligible employees and directors instead of offered to the eligible director only.
OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Amended Announcements Please refer to the earlier announcement reference number: GA1-01072021-00085
M3 TECHNOLOGIES (ASIA) BERHAD
Type Announcement Subject OTHERS Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") We refer to the ESOS which was approved by the shareholders of M3Tech at the Extraordinary General Meeting held on 25 November 2015.
Pursuant to Rule 9.19 (51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, M3Tech wishes to announce that M3Tech has on 1 July 2021 offered a total of 175,457,781 ESOS options at the option price of RM0.070 to eligible employees and a director of M3Tech in accordance with the By-Laws of the ESOS. The details of the offer of ESOS options are as follows:-
(a)
Date of offer
:
1 July 2021
(b)
Number of options offered
:
175,457,781 (c)
Exercise price of options offered
:
RM0.070
(d)
Closing price of its shares on the date of the offer
:
RM0.075 (e)
Number of options offered to the Company’s Directors under the ESOS
:
(i) Mr. Chew Shin Yong, Mark
41,838,081
(f)
Vesting period of the options offered
:
The options are vested on the offer date
Remark: The Company wishes to clarify that the ESOS were offered to the eligible employees and a director instead of offered to the eligible director only.
Xox hongkong belanja banyak wang untuk memperoleh syer m3 , mau goreng m3 lagi kan?
OTHERS M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS")
Amended Announcements Please refer to the earlier announcement reference number: GA1-01072021-00085
M3 TECHNOLOGIES (ASIA) BERHAD
Type Announcement Subject OTHERS Description M3 TECHNOLOGIES (ASIA) BERHAD ("M3TECH" OR THE "COMPANY") - EMPLOYEES SHARE OPTION SCHEME ("ESOS") We refer to the ESOS which was approved by the shareholders of M3Tech at the Extraordinary General Meeting held on 25 November 2015.
Pursuant to Rule 9.19 (51) of the Bursa Malaysia Securities Berhad ACE Market Listing Requirements, M3Tech wishes to announce that M3Tech has on 1 July 2021 offered a total of 175,457,781 ESOS options at the option price of RM0.070 to eligible employees and a director of M3Tech in accordance with the By-Laws of the ESOS. The details of the offer of ESOS options are as follows:-
(a)
Date of offer
:
1 July 2021
(b)
Number of options offered
:
175,457,781 (c)
Exercise price of options offered
:
RM0.070
(d)
Closing price of its shares on the date of the offer
:
RM0.075 (e)
Number of options offered to the Company’s Directors under the ESOS
:
(i) Mr. Chew Shin Yong, Mark
41,838,081
(f)
Vesting period of the options offered
:
The options are vested on the offer date
Remark: The Company wishes to clarify that the ESOS were offered to the eligible employees and a director instead of offered to the eligible director only.
Conman is active again. XOX beli daripada Mark Chew punya ESOS shares habis jual? Lebih kurang 120mil leh! Kalau boleh, 7c dia punya bagi lu. Dia nak ambil balik cost sj. Hahaha. Bodoh ingan 10c, skg lagi cakap 15c target. Jgn menipu, anak tak ada buntut.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Good123
21,381 posts
Posted by Good123 > 2021-07-27 09:55 | Report Abuse
Semoga segalanya akan menjadi indah tahun ini :)
PUBLIC INVESTMENT BANK BERHAD
Valuation
M3Tech is expected to post improved earnings on higher contribution from its
Pakistan operations and a breakeven in its Southeast Asia and China
businesses in FY18. While the general opinion may be that M3Tech’s product
offerings may be easily replicable, we think it is slightly ahead of the curve and
has a head start given the years put into product development and research and
development. M3Tech, for now, will win on basis of comprehensiveness,
functionality, quality and most importantly, user-friendliness and costeffectiveness of its products. Furthermore, M3Tech is working on potential setup
of M3 Online (Hong Kong) as an international gateway for its product distribution
and exploring the possibility of listing in Hong Kong’s Growth Enterprise Market
with fund raising endeavour in 2018. That said, we remain cautiously optimistic
on the company's turnaround prospects, and conservatively value the stock at
RM0.17 based on 30x FY18F EPS of 0.57sen, taking into consideration the fully
diluted number of shares after warrants conversion.