GHL said 810,807 tourists from China visited the Philippines during the first 10 months of 2017, compared to the whole of 2016, which totalled 675,663. .. This bodes well for Philippine businesses and merchants as Chinese tourists generally carry the Alipay mobile wallet.”
KUALA LUMPUR: GHL Systems Bhdwill commence Alipay payment acceptance services to the Philippine in-stores merchants as well as online merchants, making it the third Asean country after Malaysia and Thailand to offer a next-generation payment option to merchants.
In a statement yesterday, GHL said, the roll-out would start with physical merchants this month and eventually extend to e-commerce merchants.
“The company started with Alipay in 2016 in Thailand and Malaysia in April 2017 and now with the Philippine market, GHL looked to expanding further to the region as Alipay's key Asean partner,” said group chief executive officer Danny Leong.
To date, GHL Thailand has enabled over 900 merchant acceptance points and GHL Malaysia has enable 5,400 acceptance points in the hotels, retail chain stores, convenience stores and F and B space which has high Chinese tourist foot traffic, it said.
Alipay is China's leading mobile and online payment solution, owned by Ant Financial Services Group, a company related to the Alibaba Group.
GHL said 810,807 tourists from China visited the Philippines during the first 10 months of 2017, compared to the whole of 2016, which totalled 675,663.
“With the implementation of the visa upon arrival programme in the Philippines, it is expected to grow further.
“This bodes well for Philippine businesses and merchants as Chinese tourists generally carry the Alipay mobile wallet,” it said. — Bernama
duke21 Investors must think long-term which will result in substantial appreciation of the stock. The stock has become speculative with speculators treating the counter like a casino. Living examples of long-term stocks today Nestle, Kuala Lumpur Kepong and BAT. 30/01/2018 11:42
Jack Ma sucker should listen to me and take profit at 1.70. Still lofty valuation. Stingy on dividend. Pathetic growth , still can't leverage on Actis Group.
@nickengk... If you notice... PBB most of their terminals come from others especially paysys... So what gift mentioned should be correct... They gaining most market share through this acquisition...
Payment service provider GHL Systems Bhd has proposed to raise up to RM86.96m via private placement to third party investors to be identified later. The proceeds raised will be used for working capital purposes. (Financial Daily)
Problem with this counter is weak retailer... All want fast money... But nothing wrong with that... So far this Company still performing accordingly and now have better exposure in foreign country...
Hold on to your shares guys. Q3 results will blowout 1) Consolidation of Paysys +RM 2mil 2) Absence of M&A Paysys Cost +RM1mil 3) TPA profit increase from abolishment of GST increase consumer spending +RM1mil Q3 Min profit 9-10mil
This stock should follow the footstep of DSONIC, PRESBHD, MYEG soon. Overpriced as prospect is overblowned as usual by the IB. INITIATE STRONG SELL at fair price of 0.72 @ P/E 25x & P/B 1.4x. Current price of 1.60 and P/E 56x is excessive.
They r an established company, making good profit but they dont declare dividend. So retail investor have to depend on capital gain, but with that need to have liquidity, unfortunately right now there isnt much trading volume.
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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....
anonymous23
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Posted by anonymous23 > 2018-01-15 11:44 | Report Abuse
why falling again...