MEDIA STATEMENT
Kuala Lumpur, 26 June 2020
SC and Bursa Malaysia Extend Short Selling Suspension Until 31 December
2020
The Securities Commission Malaysia (SC) and Bursa Malaysia Berhad (Bursa Malaysia)
have decided to further extend the temporary suspension of short-selling to 31
December 2020.
There will not be any change to the scope of the suspension, in that, it applies to
Intraday Short Selling (IDSS) and Regulated Short Selling (RSS), as well as intraday
short selling by Proprietary Day Traders. Permitted Short Selling (PSS) is not affected
by the temporary suspension of short selling, as PSS is necessary for market makers
to market make the relevant securities such as exchange traded funds efficiently.
The temporary suspension, which began on 24 March 2020 was extended on 28 April
2020, and is scheduled to expire on 30 June 2020.
SECURITIES COMMISSION MALAYSIA
BURSA MALAYSIA BERHAD
Speaking at a virtual media briefing yesterday, Alliance Bank group CEO Joel Kornreich said the eKYC solution will be implemented across deposit, credit card and personal loan transactions
PETALING JAYA: Alliance Bank Malaysia Bhd will be launching its e-Know Your Customer (eKYC) solution in the next few months, that will enable the bank to be fully digital and mobile based.
Speaking at a virtual media briefing yesterday, Alliance Bank group CEO Joel Kornreich said the eKYC solution will be implemented across deposit, credit card and personal loan transactions.
“We will also be launching several digital products next month, such as small and medium enterprise (SME) digital loan, electronic trade solution and BizSmart mobile.
“During the financial year 2020 (FY20), Alliance launched the Branch-in-a-Tablet solution, where consumer current account savings account (Casa) can be set up in 15 minutes, while business Casa can be set up in one visit, one day.
“We successfully onboarded more than 90% of our customers and booked RM60mil worth of digital personal loans via this solution, ” he said.
On the automatic six-month moratorium for consumer and SME loan repayments that took effect on April 1, Kornreich noted that out of the eligible base of RM28.6bil, some 18% or RM5.15bil have opted out of the moratorium.
As there is no compounding and additional interest on deferred installments during moratorium, Alliance expects its day-one modification loss to be about RM60mil, of which the unwinding impact in FY21 will be RM35mil, while the net impact to net interest income in FY21 will amount to an estimated RM25mil.
Hence, Alliance will continue to proactively engage with customers to reschedule and restructure their facilities to minimise the day-one modification loss impact.
Apart from that, in a move to conserve capital to support future business expansion, the board of directors of Alliance will not recommend a second interim dividend.
As such, the total dividend declared for FY20 will be 6 sen per share, representing a dividend payout ratio of 21.9%.
Going forward, Alliance will continue to grow its SME and consumer banking segments, which increased by RM700mil for each segment in FY20, representing 8% and 2.8% year-on-year (y-o-y) growth, respectively.
Note that this was despite a 2.2% y-o-y slow down in overall gross loans in FY20.
CTOS is GP punya customer plus GP Dan syarikat associate, G3 juga fokus segment ini. :)
The big data game has been set alight in Malaysia. Quietly, a number of mergers and acquisitions (M&As) have been taking place in the sector, indicating a growing competitive business landscape that holds much future growth potential.
At the centre of this are credit reporting agencies (CRAs) - essentially companies that are able to scrape as much data about individuals and companies to rate or score them in some way. These ratings are then sold to financial institutions or other firms keen to do business with such parties.
Another aspect of CRAs is that they offer products directly to consumers to help them better understand their ratings and improve them.
This week, CTOS Data Systems Sdn Bhd, Malaysia’s largest CRA, acquired CIBI Information Inc in the Philippines. The purchase of CIBI, which is one of Philippines’ most established players, marks CTOS’ first foray outside of Malaysia.
CTOS itself was the subject of a significant M&A when in 2014 private equity firm Creador forked out RM215mil to acquire a 70% stake.
Creador has been actively involved in growing the CTOS business and industry sources indicate that the PE firm is currently valuing CTOS at around RM1bil.
More M&A deals have taken place.
Perhaps the most significant one was that which involved a fight for control over a CRA called RAM Credit Information Sdn Bhd (RAMCI).
Late last year, RAM Holdings Bhd decided to sell its 33.15% holding in RAMCI, which was founded in 2000.
Industry players say RAM decided to divest as they were not hands-on in this business and also after realising the stake could fetch a tidy sum.
A sales process was called and it is understood that one of the front runners was CTOS.
CTOS already had a 16% stake in RAMCI which it bought in July 2019 for RM27mil from Main Market-listed Omesti Bhd, yet another player in the scene. But a surprising bidder emerged as winner, namely Ireland-based Experian, a global information services company that’s been boosting its presence in the region.
The figure paid by Experian for the controlling stake in RAMCI, while undisclosed, is said to be a new record in the valuations of CRAs in Malaysia. Experian, which had been a long-time shareholder of RAMCI, says the purchase of RAM’s controlling stake is strategic as it extended Experian’s position in Asia-Pacific.
“We added a fourth credit bureau, besides India, Australia and Singapore, to our operations in the region, ” Experian Credit & Information Services Malaysia chief executive office Dawn Lai tells StarBizweek. Following this corporate exercise, Experian has upped its stake in RAMCI to 74%, buying out other shareholders. CTOS also raised its stake to 26% at present. With CTOS and RAMCI (since renamed Experian), the main two players competing in the credit reporting space in Malaysia, it remains an odd situation that CTOS remains a minority shareholder in the latter. When asked on this, Creador’s founder and chief executive officer Brahmal Vasudevan says “we lost the bid for RAM’s controlling stake (in RAMCI) last September to Experian. So we need to decide what to do.”
Since then, there have been more developments taking place that make this credit information space an interesting one to watch. Just two months ago, Sunway group, a conglomerate involved in traditional businesses from real estate to construction, education and medical services, surprisingly said it was buying a 51% stake in Credit Bureau Malaysia (CBM), said to be the third largest CRA in the country.
But why? The deal revealed a hitherto little-known ambition of the Sunway group to get into the financial technology (fintech) space in a big way. In fact, Sunway reckons that owning CBM, which focuses on financial inclusion of the SME sector, puts it in a good position to become a licensed digital bank in Malaysia. The other shareholder of CBM is Credit Guarantee Corp Malaysia Bhd - an organisation that aims to assist micro, small and medium size enterprises with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.
However, CBM is said to be one of the smaller players in the CRA game and Sunway will need to figure out a strategy that would make their investment into CBM worthwhile.
Sunway declined to comment for this article.
Expanding sector
Meanwhile, Omesti, which sold off its minority RAMCI stake last year to CTOS, has announced plans to re-enter the space. It has teamed up with CRIF, an Italy-based credit information company to venture into credit reporting. Both Experian and CRIF have been seeking to grow their global footprint. Outside the country, one of the oldest companies in the business, Dun & Bradstreet Holdings Inc, whose origins can be traced to 1841, has recently filed for an IPO in the US to raise US$1.4bil.
Victor Yong thanks for information, it seem like almost 100% corner in warrant, I believe same to mother shares this to explain no profit but price surge with story of IA. I believe it may share split and do again like greenpacket, move prive up and distribute warrant
I think GP has potential for growth but it depend on whether they can succeed or not. This happen to previous invetsmen of wimax, they fail due to big competition by big boy maxis, digi and etc, now they enter into IA or any e wallet, I believe not just they alone are venture into it, the different is they use alot media to promote (to help stock prive perhaps) and the rest just quietly grow the Biz. Bear in mind. This type of biz need alot of capital. I believe they are facing competition from bank in e wallet or e banking, IA maybe from other company. Story is juciy but not sure about success rate. Their stock always run far before the result.
No offend but is just my opinion. From what we seen in G3 shareholders list, this is about cornering the stock, then create a nice story and sell to us. This is answer why price can surge so high. All the familier name of shareholder also appear in other company like VC, MMAG in their annual report I guess. These appear to be share control by group of syndicates. Anyway who care as far as we making benefit of their game. Entering point and exit time is very important.
Bettertomorow....agreed with your comments and opinions. There ate few e wallets out there already and also few companies offering cloud services. What set gp apart is they have a big marketing budget to boast their products which othera are already doing it quite well ans quietly....
kiplePay seems very successful in this aspect. Product road map
An area of importance for investors is the product road map, or a company’s plan for future product evolution and growth. The road map is often owned by the product management organization or jointly with the R
GP is moving into the right market segment e.g. payment gateway, e-wallet, eKYC, etc like IBM did last time.
In IBM’s case they are moving out of hardware, which is a big revenue item, but not so much of a net earnings item. They’re moving into services and support, which is a lower revenue item, but at a lot higher earnings.
next year, should see more things e.g. digital bank, cloud computing, etc.
Like GPACKET, G3 is another company with extremely poor business performance, making big losses totalling -108m ringgit in 8 years out of last 9 financial years .
Green Packet Berhad (MYX: 0082) is a company headquartered in Malaysia, which provides carrier grade Mobile data offloading solutions, and 4G devices that supports LTE, WiMAX and Wi-Fi technologies.
INVESTORS BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum again after "milking" a few tens to a few hundred millions from innocent public investors in May 2020.
“Green Packet partners Tencent Cloud for e-KYC offering” ; Star News 14th May 2020.
This "news" was actually an advertisement written and paid for publication in STAR Business by concerned party. Anyone can read this news advertisement as it is not locked. Star news written by Star reporters, and which were not paid advertisements cannot be accessed by public who have not subscribed to STAR. They can only see news title and the first few lines. Was it Goreng news or was it a serious important business undertaking? I checked the official Bursa Malaysia website where listed Companies make their announcement. I also checked GP Company Website. I could not see any announcement relating to GP collaboration with Ten Cent.
possible that one group buying and selling among kawan, pressing up and down, then when good news, share price rebound , their wealth increase. those fearful traders Dah Jual , rugi besar sebab takut Dan takda Wang untuk memegang syer, kena game :). Ada Yang bitter Dalam forum ini, mungkin Dah realised loss besar :)
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....
Akukakijudi
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