Once upon a time, ada satu legendary promoter, namanya P80. Org promote share naik. Tau dia tipu tapi share naik, org beli. Ini makin promo makin jatuh. Sedarkah? :)
I really beh tahan this shares dy. Hv been silent reader. From consolidation RM0.55 costs to now RM0.06... Adui. Dont know how long it will takes to reach breakeven...
mlabs has RM100mil++ cash, can join a consortium to bid for a digital banking license. wait and see :)
Malaysia seen attracting more applicants for digital bank licences than rival jurisdictions Adeline Paul Raj / The Edge Malaysia
January 18, 2021 17:00 pm +08
This article first appeared in The Edge Malaysia Weekly, on January 11, 2021 - January 17, 2021. Malaysia seen attracting more applicants for digital bank licences than rival jurisdictions -A+A MALAYSIA will attract more applicants for its digital bank licences than Singapore or Hong Kong, experts believe, mainly because of its relatively lower capital requirement. “We think there could be between 30 and 50 applicants. Not all of them may have the same level of commitment, though,” Shankar Kanabiran, a financial services advisory partner at EY Malaysia, tells The Edge.
Bank Negara Malaysia, which released its licensing framework for digital banks on Dec 31 last year after a six-month public consultation, plans to award up to five such licences. The central bank set a June 30 deadline for those interested to apply to do Islamic or conventional digital banking business, and will announce the winners by the first quarter of 2022.
Many of the interested parties are expected to form consortiums to apply, as was the case in Singapore and Hong Kong.
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On Dec 4 last year, the Singapore central bank granted digital bank licences to four out of 21 applicants. The four, of which two comprised consortiums, are expected to commence operations from early next year.
Meanwhile, Hong Kong attracted over 30 applications for its digital banking licences. It ended up issuing eight such licences in May 2019, with several of the recipients having already launched operations.
In Malaysia, the central bank requires a digital bank to maintain minimum capital funds of RM100 million, unimpaired by losses, during its foundational phase — meaning, the first three to five years. After the foundational phase, the amount increases to RM300 million.
Kanabiran: [Malaysia] will see a lot more applicants, but I suppose there is going to be a very clear difference between the serious, credible players and the ones that are just trying their luck “If you look at Singapore, the minimum paid-up capital requirement for a digital wholesale bank (DWB), which serves the small and medium enterprise segment, is S$100 million (RM304 million), whereas for a digital full bank (DFB), it is S$1.5 billion, or a concessionary S$15 million in the initial one to two years. So, essentially, the consortiums need to have deep pockets to operate a DFB,” says Kanabiran.
In Hong Kong, the minimum paid-up capital for a digital bank is HK$300 million (RM156 million), the same for commercial banks.
“With Malaysia’s capital requirement being lower, it’s a lower barrier to entry. Thus, you will see a lot more applicants, but I suppose there is going to be a very clear difference between the serious, credible players and the ones that are just trying their luck,” he says.
Kanabiran notes that Malaysia’s lower capital requirement will enable small, nimble players with less capital, but with innovation on their side, to apply. “So, the bar is not set prohibitively that it precludes some of the smaller players with innovative products to come into the market.”
With only up to five licences up for grabs, it will be a beauty parade, with applicants having to convince Bank Negara of their business plan and ability to cater for the underserved and unserved segments. The central bank has made it clear that digital banks cannot sway from their main purpose, which is to serve those segments, thereby improving financial inclusion in the country.
Providing examples, Bank Negara says these segments may include those who lack credit history, collateral or a consistent source of income, such as self-employed individuals, first-time borrowers, retirees and those who recently joined the workforce. They may also include people with a low level of financial literacy and those who are not easily reached through traditional means because they are in far-off locations or have disabilities.
Going by its licensing framework, Bank Negara seems to be taking a cautious approach when it comes to digital banks. Apart from requiring applicants to detail how they will deploy technology and address cybersecurity and IT governance, there is a RM3 billion cap on the asset size for digital banks during the foundational phase. For perspective, the country’s smallest bank, Alliance Bank Malaysia Bhd, has an asset size of about RM60 billion.
“At the end of the day, RM15 billion (or RM3 billion for each of the five players) isn’t going to disrupt financial stability. So, it’s really about [Bank Negara] balancing between innovation and allowing digital banks to come in, and not having a too-big-to-fail kind of situation,” says Kanabiran.
Kittane: If you’re a middle-of-the-pack bank, for you to create a digital window with
Edwin 0908, how to see it is the lowest? That day contrarian said 7-7.5sen lowest d, minimal downside risk, then drop 6sen. Now they always kept on esos. Hard to predict
A lot of private placements & rights (probably a few hundred million shares) trapped at the range of 6 - 9 cents, don’t think it will go higher at the moment .. most likely good chance to buy at a cheaper price.
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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....
telephone
185 posts
Posted by telephone > 2021-02-18 21:36 | Report Abuse
Hantu tu seekor je, tapi dengan identiti/acc yg berbeza.