Posted by Miz Raya Bloom > 2019-10-07 16:04 | Report Abuse

buy

Posted by Victor Yong > 2019-10-07 17:43 | Report Abuse

https://www.theedgemarkets.com/article/kiplepay-turn-green-packet-profitable-2021?fbclid=IwAR10J6P2byy-t_UQCZ06LKpIQ6zQhc-O_LAqF4NlSzuBBwqQFaATeVbohGs

Kiplepay to turn Green Packet profitable by 2021
Wong Ee Lin
/
The Edge Financial Daily

September 30, 2019 09:13 am +08

This article first appeared in The Edge Financial Daily, on September 30, 2019.

Tan says Kiplepay is expected to see a GTV of RM300 million this year and as much as RM1 billion next year.


-A+A
KUALA LUMPUR: Loss-making Green Packet Bhd, which ventured into the fintech space three years ago, is confident that its e-wallet business and payment gateway solutions unit Kiplepay Sdn Bhd will put the group on the road to profitability in 2021.

Earnings from Kiplepay fall under Green Packet’s digital services segment. For the six months ended June 30, 2019, the segment posted a wider loss after tax of RM9.72 million due to higher business development costs.

But Green Packet executive director Tan Kay Yen said the digital services business is expected to contribute positively to the communications and technology group in three years once the business grows significantly with sufficient merchants and user base to provide recurring income.

Kiplepay, which posted a gross transaction value (GTV) of only RM20 million in 2017, is expected to see a GTV of RM300 million this year and as much as RM1 billion next year, said Tan, who is also Kiplepay CEO.

To date, Kiplepay has more than 515,000 users, with more than 5,000 merchants.

Green Packet acquired Kiplepay, then known as Webonline Dot Com Sdn Bhd, in 2017. Today, the unit has two main product offerings namely kiplePay that functions as an e-wallet and kipleBiz as a payment gateway that offers a dynamic platform for both consumers and merchants in cashless transactions.

Two other solutions under the Kiple umbrella are kiplePark, which is an end-to-end parking solution from cashless payments to a ticketless solution with real-time monitoring and reports through License Plate Recognition, as well as kipleHome — a residential app for a gated and guarded community that keeps the home environment secure and connected.

Setting itself apart from the typical e-wallets’ business model of targeting the mass market, Tan said Kiplepay serves the 3E sectors, namely education, e-commerce and large enterprise sectors.

He said the education sector is expected to contribute to about 20% of Kiplepay’s total revenue. Another 40% will come from e-commerce, while the large enterprises make up the remainder.

Tan said Kiplepay initially went with the conventional business model of most other e-wallets, which targeted at the mass market.

But, this business model was a “typical platform chicken and egg issue”, whereby neither the merchants nor the users are willing to go on board until there is a substantial user base, Tan explained.

Kiplepay realised that having partners would be “way more advantageous”, as this would enable the company to tap into their already-paying customers, said Tan. In a nutshell, this means that Kiplepay would be implementing the business-to-business-to-consumer model.

“We don’t think that business model (targeting the mass) is for us because we are still a tech company from day one,” Tan told The Edge Financial Daily. “We want to use our technology capabilities to help enable and help these companies serve their customers better.”

Having also secured the conditional approval of Bank Negara Malaysia to provide white labelling services, Tan said this would lead to Kiplepay facilitating more businesses to launch cashless services.

This would also work well to empower companies operating bus services in the Klang Valley, companies that prioritise loyalty programmes or even multilevel marketing, said Tan.

He said there are already large enterprises from various sectors such as the oil and gas, banks and government initiative programmes cooperating with Kiplepay. Most recently, Kiplepay entered into a strategic collaboration with Bank Islam to empower the cashless communities in both the education sector and the e-commerce industry. Apart from enabling large enterprises in the e-payment transformation journey, Kiplepay also aims to assist local universities. The company launched its first cashless community in Universiti Utara Malaysia (UUM) in May — making it the first to do so in the country. Pointing out that there are about 20 public universities in Malaysia with close to 700,000 students and 34 polytechnics with 100,000 students, Tan said the total living expenses of the students are estimated at RM3.7 billion a year. Following the first project with UUM, this solution has garnered interests from other universities, said Tan. Another three to five universities are expected to jump on this bandwagon in the next few months. Elsewhere, with the growing interest in virtual banking, coupled with the digital bank licensing framework that is expected to be issued by the central bank by year

Posted by Victor Yong > 2019-10-07 17:44 | Report Abuse

virtual bank also :)

Elsewhere, with the growing interest in virtual banking, coupled with the digital bank licensing framework that is expected to be issued by the central bank by year end, Kiplepay is also keen to explore this area.

“We are definitely keen to explore this to offer a further complete yet enhanced cashless experience,” said Tan.

Posted by Miz Raya Bloom > 2019-10-07 19:37 | Report Abuse

sekarang ini ada mamak restaurant accepts e-wallet payment, sikit lagi pergi pasar malam pun e-wallet, snatch thief pun hilang kerja

Posted by Good123 > 2019-10-08 08:25 | Report Abuse

E-wallet is the trend , even in China, nowadays people hardly use cash for buying things

Posted by Good123 > 2019-10-08 08:48 | Report Abuse

GP holds 32% of G3 :)

ORIGIN | Malaysia must act to avoid falling behind in AI
JUN 27, 2019|IN EVENTS|BY SUZANNE LOO
2 min read
Md. Radzi bin Din, the Executive Director at G3 Global and William Yap, Founder of AI Malaysia, are speaking at an AI Fireside Chat session at the ORIGIN conference.
Md. Radzi bin Din, executive director of G3 Global and William Yap, the founder of AI Malaysia, speak at the AI Fireside Chat session at the ORIGIN conference on June 21, 2019. [Image credit: TechNode]
Malaysia is lagging behind regional peers in AI adoption, said Mohammad Radzi, executive director of G3 Global, during a Fireside Chat at ORIGIN, held during Malaysia Tech Week 2019. He said that the country should learn from China’s leapfrog success in the field.

Chinese AI company SenseTime is ramping up efforts to expand overseas presence with its latest deal to help build Malaysia’s first AI research park in a partnership with local AI company G3 Global. The park will also include an exhibition zone in which visitors can see AI in action.

“AI is burgeoning in Malaysia so we choose a partner who not only can grow local companies but at the same time spur AI innovation within Malaysia” said Radzi. This partnership aims to bring together and build an AI ecosystem in Malaysia. The AI park also plans to be an export centre, where Malaysian AI solutions can be exported to other countries, said Radzi.

“The AI park will be an area where visitors, not just industry professionals, can visit to experience AI solutions first hand,” said Radzi, describing a park where autonomous vehicles operate on the road and visitors can check into a condominium equipped with smart home system.

This partnership also plans to help build the country’s AI capability through an education curriculum, he said, noting that SenseTime has designed and developed an AI syllabus that is currently taught in schools across China.

Educating enterprises in Malaysia
Malaysia is trailing behind neighbouring countries in Southeast Asia on AI adoption. One contributing factor could be an AI knowledge gap among Malaysian enterprises, Radzi said. “More could be done to educate enterprises on the potential of AI, such as improving productivity and increasing revenue generation,” said Radzi.

Size counts
China is huge, and when a proof-of-concept (POC) trial takes place, it is typically carried out on a large scale. “In contrast, kicking off a POC trial in Malaysia requires levels of authority clearance, and POC trial areas are just a fraction of what it’s like in China,” said Radzi.

AI works best if given large amounts of data sets, coupled with fast, iterative processing and intelligent algorithms. “China is able to advance its AI technologies at such a rapid pace due to the enormous amount of data collected through POC trials,” said Radzi.

China’s AI agenda advances as China throws state support behind AI development. According to the 13th Five-Year Plan timeframe (2016-2020), China has ambitions to transform itself into a superpower in science and technology. “It is great that the Chinese government is involved and actively spurring innovation within China. This could be the reason why China is advancing so rapidly in the AI race,” said Radzi.

Posted by Good123 > 2019-10-08 08:50 | Report Abuse

Artificial Intelligence park to gain more investors - PressReader
3 days ago · THE artificial intelligence (AI) park being planned by G3 Global Bhd may likely have big technology names from Japan ...

Posted by Good123 > 2019-10-08 08:52 | Report Abuse

In another partnership, SenseTime joined forces with G3 Global in Malaysia to collaborate on AI projects and solutions, build a $1 billion AI park and to forge other strategic partnerships to build up the AI industry in the country.

If the last four years are any indication, SenseTime will be one to watch as they develop new products, services, partnerships, and ventures using artificial intelligence and machine vision.

https://www.forbes.com/sites/bernardmarr/2019/06/17/meet-the-worlds-most-valuable-ai-startup-chinas-sensetime/

Posted by Good123 > 2019-10-08 08:55 | Report Abuse

Few hundred millions unrealized profit of investment in G3 made in 2017 and before

KUALA LUMPUR: GREEN PACKET BHD
has boosted its stake in jeanswear maker G3 Global Bhd
(formerly Yen Global Bhd) to 32%, just below the 33% threshold for triggering a mandatory offer.

It told Bursa Malaysia that it had acquired, for RM12.38mil, a further 82.5 million rights shares in G3 Global, which last year expanded into selling telecommunication solutions and services.


Green Packet, a mobile broadband and networking solutions provider, already had a 22% interest in G3 Global, acquired about a year ago at 60 sen per share or a total of RM18.15mil.

The latest acquisition was done through two blocks - 41.25 million provisional allotment rights (PAL) under the rights issue of G3 Global for RM4.125mil on Sept 8 via direct business transaction, followed by the subscription to an additional entitlement of 41.25 million shares for RM8.25mil or 20 sen each on Monday (Sept 25).


The total purchase, funded by internally generated funds, made Green Packet the single biggest shareholder of G3 Global.

Prior to this, Taiwanese global provider of wireless broadband solutions and Internet of Things (IoT) player, Gemtek Technology Co Ltd, was the biggest investor in G3 with a 30% stake.

“The acquisition is in line with the company’s direction to make further strategic investment to strengthen the group’s ICT (information and communications technology) equipment business,” said Green Packet.

G3 has undertaken a renounceable rights issue of up to 275 million new shares on the basis of two rights shares for every one existing share held, together with up to 206.25 million free detachable warrants on the basis of three warrants for every four rights shares subscribed.

Gemtek’s entry into G3 last year sealed the latter’s position in the telecommunications and, specifically, IoT space.

In January 2016, G3 said it was moving into the telecommunications space with the acquisition of VLT Wholesale Sdn Bhd, which has been renamed Atilze.

Subsequently, in April, Atilze inked a partnership with Gemtek Technology Co Ltd to market the latter’s telecommunication products in the area of broadband, LTE and IoT.

Gemtek, a global maker of connectivity devices, contract manufactures nearly 30% of Green Packet’s branded products.
Read more at https://www.thestar.com.my/business/business-news/2017/09/26/green-packet-boosts-stake-in-g3-global-to-32pc#DWoIXVIrhvlP1Mpo.99

Posted by Good123 > 2019-10-08 08:58 | Report Abuse

If green packet sells off its 32% in G3 like selling packet one to rm for rm350mil, capital repayment to shareholders is possible again :)

Posted by Good123 > 2019-10-08 09:02 | Report Abuse

Likely green packet to sell its 32% stake in G3 to Japanese tech companies

Artificial Intelligence park to gain more investors - PressReader
3 days ago · THE artificial intelligence (AI) park being planned by G3 Global Bhd may likely have big technology names from Japan ...

Posted by beinvested > 2019-10-08 09:12 | Report Abuse

RM0.73 less RM0.40 = RM0.33

Posted by Good123 > 2019-10-08 09:13 | Report Abuse

Maybe kendall wanted to.increase its stake in gp. Gp Warrant is selling like hot cake. Warrant will rise to at least 30sen with its 40sen exercise price = the 70sen paid by kendall for 65mil shares in gp :)

Posted by beinvested > 2019-10-08 09:14 | Report Abuse

Via the Warrants is cheaper to increase the participation..

Posted by Good123 > 2019-10-08 09:16 | Report Abuse

Yes 95mil + warrants traded so early this morning

Posted by Good123 > 2019-10-08 09:17 | Report Abuse

More than the 65mil shares bought by kendall

Posted by Good123 > 2019-10-08 09:19 | Report Abuse

Maybe, later someone announces that he or she has bought the 95mil+ , convert it to ordinary shares to overtake kendall with higher stake in gp :)

Posted by ID007 > 2019-10-08 09:19 | Report Abuse

wow! good morning!

Posted by Good123 > 2019-10-08 09:20 | Report Abuse

More than 100mil warrants traded this morning, so gila :)

Posted by Good123 > 2019-10-08 09:21 | Report Abuse

100mil warrants if converted into ordinary shares = more than 10%, who is the new major shareholder ?

Posted by Good123 > 2019-10-08 09:22 | Report Abuse

I think the warrant price will be 30sen or higher by 5pm today :)

Posted by Good123 > 2019-10-08 09:25 | Report Abuse

Bought more than 100mil gp warrants so early must be big Corp or investor or institutional funds

Posted by goldenluck16 > 2019-10-08 09:26 | Report Abuse

GP WB entered new high again. 29 sen.

Posted by solid > 2019-10-08 09:30 | Report Abuse

Tqvm GP :)

Posted by Victor Yong > 2019-10-08 09:39 | Report Abuse

Active Stocks
Stock Last Change Volume
('000)
GPACKET-WB 0.285 +0.01 106,934
SUMATEC 0.005 -0.01 19,236
MNC 0.035 0.00 18,443
PWORTH 0.055 0.00 13,346
SDS 0.255 0.00 10,947

Posted by Newbieee > 2019-10-08 09:47 | Report Abuse

Pang72, where are you??
Curi curi buy also?

Posted by Victor Yong > 2019-10-08 09:52 | Report Abuse

Mother share price 72.5sen = warrant price 32.5sen at least + 40sen exercise price + premium for warrant till 2023 = warrant price shall be higher than 32.5sen

Posted by beinvested > 2019-10-08 09:54 | Report Abuse

how to withstand? RM0.29 8mil units, RM0.295 18mil , RM0.30 14mil only...give it RM0.30 b4 5pm

You need about 25 buses to fetch all those buyers..

Posted by robin > 2019-10-08 10:11 | Report Abuse

NFCP Strategies regional and international networks are connected extensively with domestic networks

Posted by beinvested > 2019-10-08 10:11 | Report Abuse

The optimism Pill is gratitude.

Every morning, write down 5 things that you are grateful of..your family, your health,...never mind if it is same on the next day.

Trust me, your life will be transformed.

Posted by Victor Yong > 2019-10-08 10:18 | Report Abuse

Everyone focuses on gp warrant instead of mother share :) much cheaper buying warrant +40sen to convert into ordinary share.

Posted by Victor Yong > 2019-10-08 10:19 | Report Abuse

Warrant Masih negative premium, kesian :)

Posted by Victor Yong > 2019-10-08 10:22 | Report Abuse

Warrant maturity Nov 2023 , 50months lagi cukup lama :)

Posted by Miz Raya Bloom > 2019-10-08 10:36 | Report Abuse

MOTHER SHARE LEMBIK - NO POWER

Posted by Victor Yong > 2019-10-08 11:39 | Report Abuse

29sen warrant still cheap .. negative premium lagi

Posted by Victor Yong > 2019-10-08 11:41 | Report Abuse

Gp boleh turnaround in 2021, 1~2 years from today. Mother share jadi rm2, mungkin? Warrant expires 2023 Nov, banyak masa lagi :)

Posted by Victor Yong > 2019-10-08 11:42 | Report Abuse

Jika gp Jual G3 , 32% stake, dapat beratus ratus juta mengikut harga SeMasa G3

Posted by KK > 2019-10-08 11:59 | Report Abuse

When will Wb price break 30 sen and adjust to market value of 32 sen ?

Posted by KK > 2019-10-08 12:01 | Report Abuse

Expected Wb price reach 32 sen then mother share will move up again..

Posted by Victor Yong > 2019-10-08 12:02 | Report Abuse

Hold warrant better, takda dividend, expiry date another 50months

Posted by Victor Yong > 2019-10-08 12:02 | Report Abuse

At least 30sen asap , tally Kendall punya harga

Posted by KK > 2019-10-08 12:09 | Report Abuse

Capital appreciation is much better for Wb in term of percentage return rate

Posted by Victor Yong > 2019-10-08 12:11 | Report Abuse

for gp, just buy warrant at negative premium now, no need to tie up your capital... no dividend anyway

Posted by Victor Yong > 2019-10-08 12:13 | Report Abuse

boleh tunggu sampai nov 2023, expiry date bagi warrant.... tak kan rugi jika boleh pegang lama :)

kecuali kiple tak berjaya, AI park G3 gagal, dll.... agak mustahil :)

Posted by Victor Yong > 2019-10-08 12:15 | Report Abuse

semalam sebelum gp warrant jadi top active stok hari ni dan masih 27.5 -28 sen, saya dah sarankan jadikannya 1% of your total portfolio :)

Posted by Victor Yong > 2019-10-08 12:16 | Report Abuse

145mil+ warrants traded up to now, about 1/3 of total warrants available :)

Posted by solid > 2019-10-08 12:17 | Report Abuse

Imagine GP reaching 80, wb? :)

Posted by Victor Yong > 2019-10-08 12:18 | Report Abuse

if gp rises to RM1, warrant akan jadi 60sen by right nanti :)

Posted by solid > 2019-10-08 12:19 | Report Abuse

Ya... Just hold :)

Posted by KK > 2019-10-08 12:31 | Report Abuse

When more and more Wb being converted to mother share then the volume of Wb float in market become less and then you guess what will happen ..demand more than supply