Well, not sure if you shareholders catch it or not from the Q3 quarterly announcement. Under "Current Year Prospects", management mentioned a very important paragraph which reads"
" With the present implementation of TPA agreements with two telcos and a banking Group, we expected to start scaling the TPA business towards the end of the 4Q15. This should enable the Group to expand its merchant base more strongly in the years ahead. The Philippine Peso has also strengthened against the Ringgit and this has helped the Group better balance its portfolio earnings."
It will be exciting to see the next quarterly announcement and beyond to see how much they are able to capitalize on 2 telcos and CIMB Group. In fact today, the COO just exercised his rights to purchase additional shares.
We shall see how e-commerce is going to change the payment landscape in Msia.
why you said ghlsys already lost customers, do it has rivals other than mpay....if I'm not mistaken aeon big using mpay terminal, but still no increase in revenue....ghlsys has deal with CIMB to provide TPA service in april 2014 but still does not show any significant improvement, but still its revenue is the highest
GHLSYS is moving towards higher proportion of annuity revenue (meaning revenue that recurs without any new contracts, etc). This one of the very few counters in KLSE that have such business model, unlike in the USA where you have a variety of good stocks to choose from.
Having said that, Msia has too many manufacturing companies or contract dependent companies (O&G, Industrial, etc) that I observed, tend to fizzle out in their profits after several years. In short, their business is just not sustainable.
For GHL, as long as the number of terminals keep increasing, the profits will increase as most costs are already fixed. In the quarterly announcements, Philippines is going to be another great avenue for growth and will definitely be on par with Malaysia soon, in terms of revenue.
I've been a long-term investor in this stock and I'm making a bet that this company will one day reap its benefits.
@wiseEye, I agree with you. GHL is similar with Visa/Mastercard global network. Also comparable with Alipay/Wechat payment network in China. Focus on long term business fundamental and we will get reward. I hope price can drop further to 0.75 - 0.8.
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Posted by cheeseburger > 2015-12-04 15:46 | Report Abuse
provision...hahaha