Brexit got no direct correlation with ghlsys. Keep this counter clean and smart. PE just an indicator of stock but doesn't apply on all kind especially growing counter and zero dividend counter. Izit high? Some how yes, but justifiable. Look at its grow rate. Is the market going cashless? Who have the highest market share in cc terminal? Take my opinion as a pinch of salt.
GHL Systems Bhd Upping the ante ■ Following a recent meeting with GHL’s management, we are encouraged to learn its card TPA operation is gaining traction in Malaysia and the Philippines. ■ GHL aims to acquire 9k merchants from Malaysia and the Philippines this year. ■ We expect GHL to show stronger earnings in 2H16 driven by the new TPA merchant acquisition from Malaysia and the Philippines. ■ Maintain Add and RM1.15 TP, still based on 24x CY17 P/E, 20% premium to sector. ■ Stronger TPA earnings and M&As in new markets are potential re-rating catalysts
At RM0.97 it has crossed the peak achieved on 5 April this year. Next target to break should be RM1.00 mark registered on 30 December 2015. If that happens, sailing to the RM1.15 is on course.
Lol, someone mentioned downtrend yesterday, based on one day chart.. Comment removed? Huat, it's just a healthy pull back, no worries nothing to do with syndicates..
This week, I discover certain business development about GHL. Had lunch with friend at Mc Donald and paid by Visa Paywave. Paid GSC ticket, tea time at subway and coffee bean. All these went through a terminal issued by GHL. Maybe the company financial data isn't so appealing yet, but I'm sure it's business has good prospect in near future.
If you notice what's the future market trend going to be, you're in the right counter. If you looking for a short term gain like those chartists, make sure you are fast and loaded. Ghl is emphasize on recurring income. Meaning say that whatever revenue they archive now most probably sustaining as long they control their expenses. Aware this not even take into account of the Philippines market. Their earning for first quarter almost equal 40% of last year's earning. We shall forward looking on their second quarter. Take my opinion as a pinch of salt.
Danny Kc Lol, someone mentioned downtrend yesterday, based on one day chart.. Comment removed? Huat, it's just a healthy pull back, no worries nothing to do with syndicates..
Last time , i saw ghlsys was trading at pe 80 plus , now pe only fall to 40. Annuity based revenue on 1h of year 2016 increase 13% from 95.4m to 107.8m. Annuity based revenue is recurring income , means company at least secure the same income in the future, even the company unable get new customers. i will add more ghlsys if i got extra money because i seeing its annuity based revenue keep on growing.
Right trend plus good performance. It will fly high towards highest. Still can buy with target at least 10% profit in medium term. Worth to consider before those fund calling.
This counter game is played by the 2 big shareholder, we can't estimate when the price will go up or down. If they want the price to be up, then we are happy as I've stuck at 1.00 for more than 6 months even show good financial result....
Organic growth very slow.....do you know almost all shop already have EDC terminal.
Online payment are not their strength, too many competitors, no entry barrier for new comers and margin are low.
Outside Malaysia are very difficult to penetrate except Philippine. ....if it easy they should already started a long times ago. There are not many co for them to acquire too! Not high growth co.
Bank has different arrangements with high volume shop/merchant like Tesco, Aeon, Giant, Ikea, Sogo, McD etc...it might not involved GHL except for their Terminal only....if Bank didn't get their terminal from Paysys or Nera. GHL main focus are small or medium merchant....small....ticket size...not viable for Bank to place their machine there....except merchant pay/rent the cost of the machine on their own.
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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....
Danny Kc
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Posted by Danny Kc > 2016-06-30 18:32 | Report Abuse
cheeseburger, at least im laughing..bought yesterday @ 0.825, and top up again @ 0.89 just now, hope my call is correct, RM1.1 coming XD