Singapore announced pioneers digital banking licence to Grab ( market valuation 15 billion } US based SEA incorporated { market valuation 60 billion } and ANT group of China { which need not introduction } Giants in their respective fields but most anaylst's do not foresee the digital making any heavy impact on the traditional banking network
Many fintech companies & banking institutions have their own internal eKYC platforms { digital identity verification & solution know your customer processes } GPacket acquisition of Xendity Pte ltd for US 10 Million { MYR 42 million } thru share placement.
Xendity pte ltd is a new start up of 3 years doing solution provider, ID management, document verification, biometrics etc. The initial Mou with Tencent cloub to acquired fall thru. resulting GP to acquired on their own. A Singapore based incorporated company would limit it's option in our local scene. Local companies are given preference over foreign based. the other questions raised are the price tag of US 10 million expensive for a soft ware providers ? I don't have any answers { unless a due diligence is done }
US 40MILLION EXPENSIVE?OFFICIAL EKYC CREDIT SYSTEM CTOS USED MOST OF THE BANK AND INSTITUTION IN MALAYSIA,do you think GP can get the digital license if they use tencent ekyc?
Following is an excerpt on valuation: --------- the Purchase Consideration approximates the lower end of the valuations ascribed by the Valuer and represents a discount of USD0.6 million to USD1.5 million or 5.7% to 13.0% to the range of valuations ascribed by the Valuer;
This stock starts to attract buyers since last Friday. No doubt, the directors of Gpacket have full of ideas and executions to drive the digital and online business. Revenue is increased in this quarter.
So far , the Digital Warriors series already revealed 6 different fields benefitted from the Kiple gateway solution , not sure if management could give some update on this , I believe all investors keen to know the result of this campaign since it was launched in Nov until now ..
"We are in the process of applying for our remittance licence from Bank Negara Malaysia and lending licence from the Ministry of Local Government and Housing. We are also looking for acquisition opportunities. Once we have that, we will literally be able to offer all the services that a bank provides,” ..
Lousy stock...past 8 quaterly results only 1 quarter profit the rest loss including latest 4 qtr. Even they announce big news and introduce new digital platforms as long their financial track record is not good will only losing investors confident.
Any acquisition in the current F/Year need to provide { write down } the cost of amortisation and goodwill over the acquisition value. Same for Esos private placements etc. It's a cost to the company financial bottom line
The article above gave me an impression that he has a very heavy head but with a pair of very light feets. For a company to be successful, planning is very crucial but execution is the key as well. He already has tons of monkeys in both his hands, successful accquisition of Siltera, a silicon company with outdated technology, will be the last straw that break the camel back.
I was lure into investing in this counter at the initial stage as I share his view & vision. Now, with more of his cards on the table, I think he is far too ambitious than what he is capable of.
Think he should be a politician but not a businessman !
CC Puan, Wake up please and back to reality ! Else this Titanic is doom to wreckage ....
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....
Joseph2020
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Posted by Joseph2020 > 2020-12-04 15:26 | Report Abuse
好主意。 手套業務。 現在GP可以是 Glove Packet。