the company has 90,000 EDC terminal points which controls a 12% market share in Malaysia’s EDC terminal industry. quiet a substantial amount of market share.
Electronic Data Capture (EDC) terminal contribute to 64.8% revenue, Electronic Transaction Processing (ETP) contribute to 20.6% revenue, Solutions and services payment infrastructure contribute to 14.6% revenue. The more transactions will lead to more ETP generated and will lead more EDC terminal too.
Now we are not in the state of lockdown anymore. So the company will be a direct beneficiary for the current transition of endemic phase and beneficiary of the border reopening because of higher transaction volume. Even the nightclub just been allowed :') so country economy is slowly moving maa. so light up ur cigar for a while.
the company is a proxy to the robust domestic e-payment industry: (i) robust growth in EDC terminals (ii) regulatory push to drive e-payment adoption (iii) riding on e-wallet trend (iv) beneficiary of China cross border e-commerce trend
after all, do u believe people moving backward to use more cash payment rather than using debit card/credit card on EDC terminal? do u believe people will use cash rather e-payment adoption and e-payment growth?
if u believe terminal payment, e-payment, e-wallet will grow time to time, this stock is right for u man :)
yes plus somemore, the acquisition of Wannatalk and ScanPay allows the company to build more complete ecosystem by integrating its core capability in their payment solutions provider.. this is not include the company collaboration that users can make transactions via the UnionPay QR in China too..
under ETP, company has launched its ewallet known as wannaPay to pre-purchase duty free products at the airport and the item will be available at the counter after you have cleared immigration.. this feature provides convenience to users.. the border reopening create more opportunity and strategy for company to generate the revenue..
So means this share not worth more than 1.00 at present time. If want growth during tough global economic times, its really difficult at the moment. Unless it has new partnership and some merger in plan which could bring in more revenue perhaps only the share will move.
Index keep sinking, more good counters rising. how to interpret this trend? switch out of big index stocks, buy good non-index rising stocks? next week fund will do rally on 2rd liners while pushing up a bit?
Just wait the skl eddy ng to goreng only buy back. He is the king of goreng and let him blow more water to the investors at webinar (he is now selling many many dreams- whether actual or not no one one cares). Till then just wait and see as market generally bad.
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....