1.) No one will be interest participate in this referral programs, when the programs only earn peanuts of RM10 per referral fees & having such stupid rules "Referral will get paid once they have accumulated RM 150 in your account". Stop shocking sendiri, go outside to understand how people earn for living.
2.) What is MPay plan to liquidize those TV-Box stock, when MPay committed few hundred k of units & monthly sales KPI is pathetic.
3.) What is MPay unique selling point when public could get a TV-Box from e-commerce & DIY themself for only RM50, then MPay is charging for installation alone is RM100. Just ask yourself, would you get one from MPay or Alternative source?
Here is another question to MPay, why would the Board break the bank & appointed someone without a college degress as Group CEO.
1.) What result had Mr.Tan produced since 2016? All we investors see is Revenue lost over the past 3 years & widens on 2019 Q2 to RM4.69M after appointed him in position? 2.) Another joke is does "Microsoft Office Applications Diploma" even consider as education qualification?
Shame on this appointment, MPay are wasting 300k++ annually for someone unnecessary. With the incapable management team & global recession speculation share price will further drop ~ TP 0.05
Chew and his mgt team of relatives are doing their best, chairman say......bad results must be due to US-china war. Only stupid mgt call for agm and not explain finance figures but give technical presentation. Full of blooddy bullshit!! No hope counter
Sure MPay running by a top class management team. Don't be surprised that their "Group CEO" have no decision making power, after all a "Group CEO" is just a puppet & scapegoat to "Group Managing Director".
Organization Chart printed in Annual Report is for show only, MPay group COO who is also the wife of "Managing Director" is much more powerful that "Group CEO".
Managepay is sinking, they had lost their business in all angle.
1.) E-Payment : Total defeated by competitors like (Revenue & GHL) 2.) E-Commerce (BuyMalaysia) : BuyMalaysia had kaoTao to Shoopee, don't get frustrated as an investor when you found out they doing stupid thing by listing their Shops at competitor platform https://shopee.com.my/buymalaysia 3.) E-Money/Wallet : MPay had lost their golden chance as one of the pioneer 2 years ahead boost, thanks to their personal interest above investor interest. Question to Managepay is where is all the RM100M cash from private placement drained to, when you did not spend a single sen on marketing campaign? 4.) Quickkash : Quckash are not performing well in the market due to the low adoption rate shows only 3% of the active investor will invest into P2P Financing. Majority of the investors are age 18~33, 1 factor that is stopping the growth in market share is how to protect investors on the default loan. Figure tell older investor will not touch this high-risk investment, this is a game where investor "win some or lose all", MPay really need an experienced asset manager who understand market needs/concern to lead these financial products.
Others not worth to mention: 5.) Mdex : -Out of market- / ***Please remove from corporate site*** 6.) ParcelPay : -Out of market- / ***Please remove from corporate site*** 7.) Mtrader: -Out of market- / ***Please remove from corporate site*** 8.) Loyalty Program : -Out of market- / ***Please remove from corporate site***
This particular person diaz_flag. I realize you have been here for a while criticizing the same company for pretty long. While I understand you hated this company, is there a compelling reason why you hold so much grudge towards this company? You may want to use that energy focusing on other productive company. That's just my saying. Anyway, I am new and studying MPAY after a few of the "Datuks" told me of the potential of the company.
as long as mpay still having the same shit people managing it, it will still be the same result, i have been there since beginning, well good luck and pour more money down the drain, prove me wrong wkwkwkwk
Quarterly peanut profit of 261k con job to suck more investors in. Whole year 2019 still bleeding and what’s more worrying is the cash burn by Chew family has depleted Mpay cash reserves from RM 33 mil to just RM 12 mil now and a paltry RM 1.4 m in current book orders. Expect a rights issue or cash call which will tank the stock further... No sustainable operational turnaround expected.
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....
Alex5398
137 posts
Posted by Alex5398 > 2019-10-16 10:10 | Report Abuse
potential hot stock in future!