Please find attached GHL's Press Release in relation to the Agreement.
Information on the Agreement
The Agreement to commence operations to acquire merchants under a Third Party Acquirer (“TPA”) or Payment Service Provider (“PSP”) arrangement with Global Payments Card Processing Malaysia Sdn Bhd was signed on 5 June 2014 and a supplemental Agreement was signed on 19 December 2014. The finalisation of the press release was concluded on 27 January 2015.
The Agreement came into force on 19 December 2014 and remains in effect until terminated. There is no initial sales value under the Agreement. Revenue earned by GHL is derived from terminal rental and merchant discount rates that will continue as long as GHL sign’s-up merchants for card acceptance as a TPA/PSP with Global Payments Malaysia.
The Agreement is expected to contribute positively to GHL group in the financial year ending 31 December 2015 and onwards. There are no changes to the share capital and shareholding structure as a result of this agreement.
GHL Group will continue to be exposed to similar business, financial, operational and investment risks in the payments industry that the Group is presently involved in. These risks include, but are not limited to, changes in the economic and political environment, inflation and interest rates, taxation, currency fluctuations, legislative and regulatory policy changes. In addition, the Agreement is also dependent on the performance of the Malaysia economy, inflation, interest rates, and policy changes.
None of the Directors or major shareholders of GHL or any person connected to the Directors or major shareholders have any interest, direct or indirect, in the Agreement.
The Board is of the opinion that the Agreement is in the best interest of the Company.
presleyken, welcome to this thread and im sorry, i dont know the answer to your question. Some of the friends here will also ask, what is the TP? again, i dont know the answer. I let other friends here that is more knowledgeable and experience to answer that 2 questions. :)
28 January 2015 Malaysia Company Flash Note GHL Systems Bhd | PDF Securing Malaysian TPA GHLS MK / GHLS.KL | ADD - Maintained | RM0.77 /Tp RM1.00 Mkt.Cap:US$136.20m | Avg.Daily Vol:US$0.72m | Free Float:35.30% IT Services | Author(s): Mohd Shanaz NOOR AZAM +60 (3) 2261 9078, ▊ GHL has signed an agreement with Global Payments for a TPA arrangement in Malaysia. This marks its entry into the direct merchant acquisition space, consolidating its position as the nation’s leading payment services provider. With this, we expect GHL to derive stronger earnings from terminal rental and merchant discount rates. Despite the delay in finalising the agreement, we maintain our FY14-16 EPS forecasts and reiterate our Add call and target price, still based on 23.8x CY16 P/E (40% premium to the payment sector average), in view of GHL’s strong FY13-16 EPS CAGR of 72% and attractive PEG of 0.7x. Stronger TPA earnings and M&A activities in new markets are potential catalysts. GHL is our top pick in the domestic technology sector.
What Happened GHL announced that its subsidiaries, GHL Cardpay and GHL Epayments, have signed an agreement with Global Payments Malaysia (GPM) to acquire merchants under a Transaction Payment Acquisition (TPA) arrangement. Under the agreement, GHL will acquire new merchants for GPM by providing sales, marketing and on-boarding services. GHL will also facilitate transaction and fund settlements between GPM and the new merchants. The company expects to start deploying its point-of-sales (POS) terminals in 2Q15, and targets to sign up 3,000-4,000 merchants as an initial rollout plan in 2015. Separately, its Philippines TPA development is still on track; management expects a full POS rollout in Mar 15 upon completion of back-end integration.
What We Think Although the Malaysia TPA announcement did not come as a complete surprise, it was nevertheless a relief that GHL has finally secured the agreement after recent delays. We understand that given GPM’s partnership with HSBC Bank Malaysia, the bank will act as a local clearinghouse for the payment transaction as required by Bank Negara. Thus, GHL can officially begin its merchant acquisition process and start generating revenue from merchant discount rates and terminal rental from the smaller third- and fourth-tier merchants. We project that 10,000 merchants will sign up for its TPA service in 2015 mainly driven from Malaysia and the Philippines which is expected to reach over 9,000 merchants, while we see minimal growth from Thailand given the uncertainty surrounding the country’s political environment.
What You Should Do Accumulate the stock. Overall, we think GHL’s growth prospect is intact and we remain confident of its execution strategy.
Previous [ GHL Systems Bhd ] reports... 16/12/14 Co.Flash Securing Philippines TPA (ADD, RM0.60 /tp RM1.00) 26/11/14 Co.Results TPA-driven growth still on track (ADD, RM0.74 /tp RM1.06) 28/10/14 Co.Flash One-for-two bonus issue goes ex (ADD, RM0.83 /tp RM1.06)
these shares are going upup due to there pure earnings growth and potential. ups and down will be there but very fast going to touch new highs . ifcamsc -2.20 rm ghlsys - 1.80 rm megb - 1.90 rm smrt - 1.70 rm dnex -1.10 rm systech - 0.90 rm
give 1 full fiscal year to these shares u will be rich rich and rich . this is not my forecast, infact one of the private equity fund internal analysis based on capital gain and dividends and growth potential. by 2016
so moral of the story , stay invested in these shares. make a portfolio consist of the above mentioned shares . BUY THESE SHARES ON EVERY HEAVY CORRECTIONS IN MARKET . u will gain handsomely.!!! personally if u ask me, among all these above mentioned shares GHLSYS , DNEX are having strong management and potential growth in future beyond anyone comprehension. GOOD LUCK FOR 2015
yeah correct , let me give u an example , 6 months ago , if i would have told u ifcamsc will hit 1 rm . would u have believed. the answer is NO. BUT these peoples did. i came to know almost 6 months ago and they said that take a delivery of ifcamsc immediately , and i did not . i got hold of ifcamsc at 0.27 and sold at 0.32 . again i got ifcamsc at 0.45 sold at 0.68 . again i got 0.75 cents and now i did not sold , got a lesson of my life . never sell goldmine shares. so lesson what i learned is if u spot a GEM , never let it go . play with it and keep it in ur portfolio. the same group told me about dnex at 0.24 cents/ i got this at 0.25 . and this time i will keep it. not repeat the mistake wht i did in ifcamsc.
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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....
SLIM25
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Posted by SLIM25 > 2015-01-27 18:11 | Report Abuse
Please find attached GHL's Press Release in relation to the Agreement.
Information on the Agreement
The Agreement to commence operations to acquire merchants under a Third Party Acquirer (“TPA”) or Payment Service Provider (“PSP”) arrangement with Global Payments Card Processing Malaysia Sdn Bhd was signed on 5 June 2014 and a supplemental Agreement was signed on 19 December 2014. The finalisation of the press release was concluded on 27 January 2015.
The Agreement came into force on 19 December 2014 and remains in effect until terminated. There is no initial sales value under the Agreement. Revenue earned by GHL is derived from terminal rental and merchant discount rates that will continue as long as GHL sign’s-up merchants for card acceptance as a TPA/PSP with Global Payments Malaysia.
The Agreement is expected to contribute positively to GHL group in the financial year ending 31 December 2015 and onwards. There are no changes to the share capital and shareholding structure as a result of this agreement.
GHL Group will continue to be exposed to similar business, financial, operational and investment risks in the payments industry that the Group is presently involved in. These risks include, but are not limited to, changes in the economic and political environment, inflation and interest rates, taxation, currency fluctuations, legislative and regulatory policy changes. In addition, the Agreement is also dependent on the performance of the Malaysia economy, inflation, interest rates, and policy changes.
None of the Directors or major shareholders of GHL or any person connected to the Directors or major shareholders have any interest, direct or indirect, in the Agreement.
The Board is of the opinion that the Agreement is in the best interest of the Company.
This announcement is dated 27 January 2015.