Posted by Victor Yong > 2020-04-04 09:56 | Report Abuse

Green Packet doubles revenue
BUSINESS
Wednesday, 27 Nov 2019


PETALING JAYA: GREEN PACKET BHD has announced a net profit of RM5.6mil and doubled its revenue to RM185.6mil in its third quarter ended Sept 30.

The group in a statement said it experienced strong revenue growth across all its business pillars, with its solutions business that sells communications-related software and devices growing by a huge 468% year-on-year (y-o-y).


Its communication services pillar recorded a quarterly y-o-y revenue growth of 83%. The group’s new digital services pillar showed a revenue growth of 125%.

Group managing director and chief executive officer C C Puan said that the staple solutions business that provides connectivity devices to global telecoms brings in the cash for Green Packet to reinvest in its future.

“Initiatives were carried out to enable the solutions business to optimise for growth. These included an internal management reconfiguration, stronger penetration into targeted markets, and the leveraging of fresh strategic partnerships.

The results are exciting and we will continue to breathe new life into our legacy business.”

Due to the higher revenue gains, the group’s profit in the third quarter reversed a loss of RM14mil in the third quarter of 2018. Earnings before interest, tax, depreciation and amortisation (Ebitda) for the latest quarter rose to RM12.2mil compared with a loss of RM7.7mil a year ago.

For the first nine months of the year, Green Packet recorded a revenue of RM407.9mil compared with RM302.6mil previously and an Ebitda of RM2.4mil compared with a loss of RM13.6mil.

Green Packet said it is banking on its digital services pillar, which saw revenue grow 125% from last year, to drive future sustainable growth.

It is invested in fintech and proptech, and via its associate company G3 Global Bhd has ventured into artificial intelligence and the Internet of Things. Green Packet is a major shareholder in G3 with a 32% stake.

Green Packet said new ventures of suites of services under the kiple name were still in their investment phase.

However, Puan said the businesses were achieving important product market fit and value-creation milestones, and growth indicators were trending upwards.

Puan said he is confident the group’s new digital ventures would catch the tail wind for onward positive growth. “All these frontier technologies will be propelled by the region’s IR4.0 mandate as a key economic driver and all use-case potential will be unlocked by the arrival of 5G.

“The most difficult part of shifting to new growth areas and industries is done. Now we are driving results and keeping our eyes on the numbers, ” said Puan.

Posted by Victor Yong > 2020-04-05 16:23 | Report Abuse

Green Packet said it is banking on its digital services pillar, which saw revenue grow 125% from last year, to drive future sustainable growth.

It is invested in fintech and proptech, and via its associate company G3 Global Bhd has ventured into artificial intelligence and the Internet of Things. Green Packet is a major shareholder in G3 with a 32% stake.


Malaysia’s AI promise is a proposed US$1 billion AI Park that Prime Minister Tun Dr Mahathir Mohamad finalised on a recent visit to China. The park is a partnership between Malaysia-based G3 Global Bhd and Chinese firms SenseTime Group and China Harbour Engineering Company. The initiative will focus on AI apps in computer vision, speech recognition and natural language processing. Details on the park’s location are being worked out.

Posted by Victor Yong > 2020-04-05 16:39 | Report Abuse

Global Man Capital Sdn Bhd is the largest shareholder with 28.24% or 132.16 million shares while GREEN PACKET BHD is a near second with 28.2% ot 132 million Shares.

@animaniac recently viral ... KLIA using AI tech thermal scanner frm G3 as Covid19 pre-monitoring, sales n that particular product may boost anytime from now
22/03/2020 5:09 PM

Posted by Victor Yong > 2020-04-05 16:41 | Report Abuse

Hope that GP will distribute 28%+ stake in G3 to the existing shareholders of GP.

Posted by Victor Yong > 2020-04-05 16:43 | Report Abuse

Grab and keep Some :)

Date Close Volume
03/04/2020 0.48 769,400
02/04/2020 0.49 1,293,900
01/04/2020 0.47 1,917,600
31/03/2020 0.49 1,804,200
30/03/2020 0.48 1,238,900
27/03/2020 0.485 2,277,300
26/03/2020 0.46 699,100
25/03/2020 0.47 1,782,200
24/03/2020 0.455 749,900
23/03/2020 0.42 961,000
20/03/2020 0.455 1,557,500
19/03/2020 0.435 1,118,200
18/03/2020 0.455 939,900
17/03/2020 0.515 1,959,100
16/03/2020 0.54 3,959,700
13/03/2020 0.59 3,384,500
12/03/2020 0.63 6,100,500
11/03/2020 0.645 1,742,200
10/03/2020 0.65 7,621,800
09/03/2020 0.635 9,641,800

Posted by Victor Yong > 2020-04-05 18:03 | Report Abuse

paid 85sen per share for this stake recently if not mistaken. any new share issues should be above 85sen so that wont make noise :)

Change In Substantial Shareholder's Shareholding - KENDALL COURT MADAM LIMITED on 21-Feb-2020
Stock [GPACKET]: GREEN PACKET BHD
Announcement Date 21-Feb-2020
Substantial Shareholder's Particular:
Name KENDALL COURT MADAM LIMITED
Details of Changes:
Currency -
Date of Change Type Number of Shares
19-Feb-2020 Acquired 35,000,000
Registered Name GRANDSTEAD SDN BHD PLEDGED SECURITIES ACCOUNT FOR SUMMIT SYNERGY LIMITED
Nature of Interest Indirect Interest
Nature of Interest Indirect Interest
Shares ORDINARY SHARES
Reason ACQUISITION OF SHARES VIA DIRECT BUSINESS TRANSACTION
Total no of securities after change
Direct (units) 0
Direct (%) 0.00
Indirect (units) 100,000,000
Indirect (%) 10.80
Total (units) 100,000,000
Total (%) 10.80
Date of Notice 21-Feb-2020

Posted by Victor Yong > 2020-04-05 18:08 | Report Abuse

GP holds 28%+ of g3

G3-Current prospects and progress on previously announced financial estimates
a) With the disposal of Apparel business, the Group will focus to grow its ICT business especially promoting the adoption of Artificial Intelligence Solutions and IOT (Internet of Things) in Malaysia. The Board remain positive towards the ICT business and expect to see further growth in year 2020 moving forward.
b) On 26 April 2019, the Company announced the signing of a Memorandum of Understanding with SenseTime Group Ltd of Hong Kong and China Harbour Engineeering Co. Ltd of China for a proposed joint venture to set up an AI Park in Malaysia for the development of AI solutions and other related technology, facilities andinfrastruture. The project is still pending signing of any agreement.

Posted by michaelwong > 2020-04-05 20:00 | Report Abuse

Bro , good updated info n hv already bought some for standby mode last few days . Avg price stood at .50 cents .

Posted by Victor Yong > 2020-04-06 09:04 | Report Abuse

Another good indicator of confidence in go is its warrants traded at 19sen now. Exercise price is 40sen. High premium for the warrants.


@michaelwong Bro , good updated info n hv already bought some for standby mode last few days . Avg price stood at .50 cents .
05/04/2020 8:00 PM

Posted by Victor Yong > 2020-04-06 09:14 | Report Abuse

KENDALL COURT MADAM LIMITED could sapu more shares from the open market too. Acquired a stake at 85sen in Feb 2020. Now below 50sen. Very likely, Kendall will buy more from the open market to reduce its weighted average cost per share :)

Posted by Victor Yong > 2020-04-06 09:31 | Report Abuse

G3's market capitalisation~rm749mil.

GP has 132.16mil shares in G3, 132.16mil X rm1.60~rm212mil.

Hope GP will distribute G3 shares to ITS existing shareholders soon

Posted by Victor Yong > 2020-04-06 09:36 | Report Abuse

GP's issued shares~935mil.

Gp shareholders will get G3 shares worth this value if GP returns all G3 shares: RM212mil/ 935mil ~ 27sen per gp share




****

G3's market capitalisation~rm749mil.

GP has 132.16mil shares in G3, 132.16mil X rm1.60~rm212mil.

Hope GP will distribute G3 shares to ITS existing shareholders soon

Posted by Victor Yong > 2020-04-06 09:44 | Report Abuse

Grab some and put aside :)

Green Packet Bhd saw 47.2 million shares, or a 5.1% stake, worth RM40.36 million change hands, Bloomberg data shows.

Filings with Bursa show that on Feb 19, Summit Synergy Ltd acquired 35 million Green Packet shares for 85 sen apiece, or a total transaction value of RM29.75 million. This brought its stake in the company to 100 million shares, or a 10.8% stake. Summit Synergy is the vehicle of Singapore-based private equity firm Kendall Court.

On Feb 10, Green Packet announced that its subsidiary Kiplepay Sdn Bhd had become the first fintech player in Malaysia to provide a white-labelled e-wallet solution with Bank Negara Malaysia’s approval.

Posted by Victor Yong > 2020-04-06 11:36 | Report Abuse

Each gpacket share also includes about 27sen of G3 shares. at 49sen now, gp share is only 22sen after excluding G3 share in it. No wonder, Kendall court paid 85sen for gp share in Feb 2020 recently.

Good buy now.

Private placement for about 10% of GP's authorised shares should be at least 85sen later this year. Otherwise, kendall court would not agree.


Hopefully, kendall court increases its stake in GP to 20% from 10%+ now by buying from the open market now to lower its weighted average cost per GP share.


Happy investing!

Posted by Victor Yong > 2020-04-06 11:41 | Report Abuse

Kendall has the means to increase its stake in GP.... :)

Kendall Court started in 2004. The 3 founding partners were the only employees of the firm. At the end of 2017, we have deployed, invested and managed over US$500 million across Southeast Asia. We started with assets under management of US$35 million. We have a presence in Indonesia, Singapore, Philippines and Malaysia. We have won several key industry and regional awards for our investments, operations and performance.

Kendall Court focuses its activities in the private equity space. We are a long-term investor and our capital is privately sourced. Our existing funds and managed accounts focus on investing in hybrid securities ranging from straight debt, convertible bonds, preference shares and straight equity. We are a growth capital provider, first and foremost. In line with our drive, our ultimate and primary purpose in investing is to contribute to the development and betterment of society, within our circle of influence. We care a lot about risk adjusted returns and recognize that the best investing structure is to attain equity returns with debt like risk. We will actively assist our investees but the fundamental premise is work alongside good solid management be it sponsors or employees and grow together.

We believe that capital, when employed wisely through business, plays an instrumental role (if not the most instrumental in certain cases) in developing people, markets and economies. A rising tide lifts all boats, and the tide is raised by capital. Our capital has to be sustainable, however. And that means that we will always still be engaged in the profit motive because Kendall Court and our investors need to be sustained through our profits. To sum up, we borrow a line from Paul Krugman, the 2008 Nobel laureate in Economics, who states, "You could say – and I would – that globalization, driven not by human goodness but by the profit motive, has done far more good for far more people than all the foreign aid and soft loans ever provided by well-intentioned governments and international agencies.”

Posted by goldenluck16 > 2020-04-22 23:21 | Report Abuse

Kiplepay Sdn Bhd, a unit of Green Packet Bhd, recently teamed up with the Coalition of Malay Small Traders Association (GPPPKMM) to launch a ‘Warong Digital e-Bazaar Ramadan’ programme. The programme uses Kiplepay’s e-wallet, which allows local traders to conduct online transactions and provides a cashless experience for customers.

Launched on April 16, the ‘Warong Digital e-Bazaar Ramadan’ programme is meant to enable small traders and local hawkers to operate their businesses online throughout the month of Ramadan, which is expected to begin on April 24.
Buy before it flies.

Posted by goldenluck16 > 2020-04-23 11:42 | Report Abuse

Fly....55.5 sen

Posted by goldenluck16 > 2020-04-23 11:50 | Report Abuse

57 sen now

Posted by goldenluck16 > 2020-04-28 09:12 | Report Abuse

New high 61 sen.

Posted by drteh84 > 2020-04-28 11:47 | Report Abuse

IT'S GONNA BENEFIT A LOT FROM E-BAZAAR . DIGITAL MARKETING IS ROCKING THE WORLD NOW. THE TREND HAS CHANGED. TP : 0.985

Posted by drteh84 > 2020-04-28 12:04 | Report Abuse

IT WAS 0.935 IN FEBUARY

Posted by Chong Betta > 2020-04-28 12:08 | Report Abuse

thanks for the infor..

Posted by Max_Lui > 2020-04-28 12:12 | Report Abuse

Kiplepay Sdn Bhd, a unit of Green Packet Bhd recently teamed up with the Coalition of Malay Small Traders Association (GPPPKMM) to launch a ‘Warong Digital e-Bazaar Ramadan’ programme. The programme uses Kiplepay’s e-wallet, which allows local traders to conduct online transactions and provides a cashless experience for customers

Posted by drteh84 > 2020-04-28 12:13 | Report Abuse

‘Warong Digital e-Bazaar Ramadan’ is the theme

Posted by drteh84 > 2020-04-28 14:02 | Report Abuse

Bursa Malaysia suspend short-selling to June 30. Have a safe and sound Ramadan everyone. Be happy.

Posted by drteh84 > 2020-04-28 14:03 | Report Abuse

https://www.theedgemarkets.com/article/sc-and-bursa-extend-temporary-short-selling-suspension-amid-covid19-volatility

Posted by ChinaDragon > 2020-04-28 14:44 | Report Abuse

U.S COMPANY Caravan Capital Management LLC OWNING ARBB COMPANY SHARES 18,496,151(6.30%), GOOD NEWS GUYS! DON'T SAY BOJIO, ITS SAPU ARBB 7181 SHARES TIME!

Posted by liegelord > 2020-04-29 11:55 | Report Abuse

hahahhah nice, profit taking

Posted by Chong Betta > 2020-04-29 15:38 | Report Abuse

no movement already

Posted by Chong Betta > 2020-04-29 15:40 | Report Abuse

where is the morning forces....pls come..

Posted by Danson Ang > 2020-04-29 15:43 | Report Abuse

No worry it will come, there is no selling pressure anymore, plus the buying force stock up at 0.605, that means it will shoot

Posted by Allen123 > 2020-04-29 15:50 | Report Abuse

Buy now dun too late

Posted by Chong Betta > 2020-04-29 15:52 | Report Abuse

moving now...but with speed 10km/h

Posted by Danson Ang > 2020-04-29 15:54 | Report Abuse

haha warming up engine

Posted by Chong Betta > 2020-04-29 15:57 | Report Abuse

filling petrol first..

Posted by Chong Betta > 2020-04-29 15:57 | Report Abuse

4pm start show

Posted by Danson Ang > 2020-04-29 16:51 | Report Abuse

Well, the show is on tomorrow, dont miss it.

Posted by Danson Ang > 2020-04-29 17:08 | Report Abuse

Kiplepay Sdn Bhd (KiplePay), a wholly-owned subsidiary of Green Packet Bhd, has become the first fintech player in Malaysia to provide a white labelled e-wallet solution with Bank Negara Malaysia’s (BNM) approval.

Coupled with a payment gateway service, the white labelled e-wallet solution is a key strategic thrust to the company’s overall fintech play, providing a new revenue stream for the group. By setting up and managing a mobile app-based payment solution for third parties, the gross transaction value (GTV) is expected to increase by 500% over the next 2 years, claims KiplePay.

Posted by Allen123 > 2020-04-30 09:45 | Report Abuse

Show start

Posted by Agjl > 2020-04-30 10:20 | Report Abuse

No show yet

Posted by Agjl > 2020-04-30 10:35 | Report Abuse

Today is force selling for the batch that had a good run. Hard to go up today

Posted by Agjl > 2020-04-30 10:36 | Report Abuse

If can absorb the selling from contra players who bought two days ago then will have hope. If not, then.......not so good

Posted by wazhab > 2020-04-30 14:01 | Report Abuse

Very boring stock waste time here

Posted by Allen123 > 2020-04-30 14:39 | Report Abuse

Then why u still here?

Posted by Allen123 > 2020-05-04 09:14 | Report Abuse

TP 0.70

Posted by goldenluck16 > 2020-05-04 10:31 | Report Abuse

64.5 sen. Huat ah.

Posted by Allen123 > 2020-05-04 10:34 | Report Abuse

The show havent started yet fast buy dun miss it

Posted by mike168 > 2020-05-04 15:44 |

Post removed.Why?

Posted by hasnah > 2020-05-04 16:31 | Report Abuse

AI 5G telco good prospect

Posted by Cryptotrader > 2020-05-05 10:13 | Report Abuse

how come up so fast ?
no many investor come to here to post