Posted by YapJH > 2019-03-01 21:50 | Report Abuse

Lower sales of EDC are quite normal, the banks cant forever buy terminals. There will be a time the sales of EDC drop.

The possible reason is that:
(1) delay in the bank project (public bank only really kick off in Nov/Dec), how many can they really roll out in a single/2 months?
(2) it is bank last quarter, the banks may have already max out the budget, if u look at the 1Q, there is a huge surge of sales, even more than what they achieve in the full year of Jun2018. So there maybe the most possible reason.

Posted by 817065 > 2019-03-03 20:13 | Report Abuse

YapJH explanation makes sense.

Posted by 817065 > 2019-03-06 13:30 | Report Abuse

Maybank launching e-wallet should be good for the
e- payments industry. It's a fast growing industry.

Posted by goldenmamba93 > 2019-03-07 15:48 | Report Abuse

this share chill for so long. catalyst please come~

Posted by musangking998 > 2019-03-10 09:25 | Report Abuse

Rumor says that Monday gonna have bad news for this counter

Posted by jt18 > 2019-03-10 13:12 | Report Abuse

What is the bad news? Can share?

Posted by musangking998 > 2019-03-10 20:45 | Report Abuse

Big drop but I hope this isn’t true

Posted by nestor > 2019-03-11 16:01 | Report Abuse

what happen to this stock ? why the share price like not moving ?

Posted by trap666 > 2019-03-11 19:46 | Report Abuse

moving down lah..what not moving @@!

Posted by Tcs76 > 2019-03-11 20:52 | Report Abuse

Tomorrow up up up

Posted by jt18 > 2019-03-11 23:02 | Report Abuse

Any good news to boost up the price? It has been dropping 1 cent each days since last week.

Posted by Moc Nokin > 2019-03-12 09:37 | Report Abuse

Big drop is the good news for me to collect more
Keep for long term

Posted by 817065 > 2019-03-12 12:38 | Report Abuse

This is an investment stock....not a short term speculator's stock.

Posted by 817065 > 2019-03-12 12:41 | Report Abuse

If you want short term thrill, better go for Dayang.

Posted by 817065 > 2019-03-15 08:51 | Report Abuse

Revenue just announced that they got a money lending licence. This should enable them to deepen their fintech business development.

Posted by 817065 > 2019-03-15 09:11 | Report Abuse

Money lending licenses are not easily obtained these days.

Posted by musangking998 > 2019-03-15 10:55 | Report Abuse

1.27 now

Posted by Tcs76 > 2019-03-15 11:20 | Report Abuse

Afternoon possible break 1.3?

Posted by RainT > 2019-03-15 12:21 | Report Abuse

OH

get money lending license , so that is why share price up today

Posted by Nicholasming91 > 2019-03-15 12:39 | Report Abuse

Just buy the warrant as i mentioned last time, warrant is good for growth stock

Posted by 817065 > 2019-03-15 13:37 | Report Abuse

With the money lending licence they can now partner with credit card companies and provide consumer credit schemes under their e-payments technology.

Posted by 817065 > 2019-03-15 16:54 | Report Abuse

Looks like instituitional buying in Revenue

Posted by 817065 > 2019-03-15 17:31 | Report Abuse

Instituitional funds prefer mother share because they go for the long term.

Posted by Tcs76 > 2019-03-15 17:40 | Report Abuse

Good sign to buy in now,next week to continue uptrend, have good news announce soon.

Posted by 817065 > 2019-03-15 19:11 | Report Abuse

Notice today's volume mainly on mother shares..... institutional funds only go for mother shares because they want to keep for long term.

Posted by nckcm > 2019-03-15 19:42 | Report Abuse

Eventually warrant will catch up.

Posted by Tcs76 > 2019-03-15 20:16 | Report Abuse

Some more their need lower down the warrant premium also

Posted by 817065 > 2019-03-16 19:27 | Report Abuse

Revenue announced acquisition of 25% of Safe Net for RM 7 million. Safe Net made PAT of RM 2 million in past 6 -month period, which extrapolated to RM 4 million a year. 25% share of RM 4 million is RM 1 million. So the PE ratio of the purchase is RM 7million / RM 1 million = 7 times annual earnings. This is settled by issuance of Revenue shares which now has a PE ratio of about 32 times. so this acquisition will boost Revenue's earnings per share significantly in the future. It's an extremely good acquisition.

Posted by 817065 > 2019-03-16 19:31 | Report Abuse

....and also there's no cash outflow from Revenue.

Posted by Gary Phang > 2019-03-20 20:41 | Report Abuse

Will break rm1.3 ?

Posted by goldenmamba93 > 2019-03-25 14:51 | Report Abuse

hold for half year, keep stagnant

Posted by 817065 > 2019-03-25 17:04 | Report Abuse

Keep as long term investment.

Posted by 817065 > 2019-03-26 11:43 | Report Abuse

They are now installing new QR Code-enabled EDC machines for Public Bank and Hong Leong Bank throughout the country.

Posted by Shinnzaii > 2019-03-26 14:27 | Report Abuse

https://klse.i3investor.com/blogs/savemalaysia/199628.jsp

Posted by 817065 > 2019-03-26 18:33 | Report Abuse

Just announced acquisition of Buymall , an online platform for e-commerce at estimated PE ratio of 16 and acquisition of Anypay, an digital payments player for mobile applications at estimated PE ratio of 11 using new Revenue shares at PE ratio of 32. Will boost future earnings per share and business expansions in e-commerce and e-payments.

Posted by 817065 > 2019-03-26 19:13 | Report Abuse

With the money lending licence, they can boost the e-commerce business.....

Posted by YapJH > 2019-03-27 00:55 | Report Abuse

It is interesting with the latest acquisitions that Revenue undertake. All deals are earning accretion, which is good for the company.

First deal, revenue safe nets, a 75% subsidiary of Revenue. By acquiring the remaining 25%, they will be able to consolidate all the profit. From the announcement, safenets 6 months unaudited PAT is about RM1.9mil, if safenets has been a 100% subsi, the PAT would have been higher at about RM475k. That means this company must have some key merchants/banks. They paid RM7mil consideration, means the total valuation is about RM28mil. If extrapolate the 6m unaudited PAT, the total forward PAT will be around RM3.9m, which translate to about 7.4x.

Second deal, buymall. Have a quick check on their website, they doing 代购 for taobao.com and also cover taiwan online website, so that means is a strategic investment to acquire users/transaction base. I think this investment has 2 plus points, one is that it complement to revenue existing taobao transaction, so in a way boosting the taobao transaction. Secondly, they can also process the transaction using revenue platform, hence earning transaction fee. Revenue paid RM3.315m for 51% stake, valuation about RM6.5m, with total profit guarantee of RM800k, average PAT will be about RM400k and translate to about 16.2x PE. Maybe on a high side but i think this deal give revenue the potential to open up with other online website from overseas.

Third deal, anypay. They provide bill payment and mobile top up. Whilst at first glance, nothing special, but at closer look, their mobile top up or bill payment is done via app, and not at physical store like 7-11. That means anyone can do the top up without the need to go to 7-11 or pos laju. I won’t be surprise to see this app to be in their smart device, if that really works out, literally all their merchant that use their terminal can become an outlet for top up, that will be even more point of sales than 7-11. And top up will also need to go through a payment gateway, again this will help in term of the electronic transaction income for revenue. RM4.9mil for 70%, valuation is RM7mil. 2 years profit guarantee of RM1.25mil, average PAT will be RM0.625mil, so translate to PE of about 10.6x.

The overall PE maybe higher if take into account the profit that revenue can recognised in their book for 2019. But overall, the 2nd n 3rd deals, revenue is using approximately PE 8x to acquire both of them. Looks like a good fit of the business.

It will be interesting also to see how they can leverage these acquisitions and existing business with its money lending license.

Posted by 817065 > 2019-03-27 08:43 | Report Abuse

Thanks to YapJH for an excellent analysis....

Posted by 817065 > 2019-03-27 08:47 | Report Abuse

No research house covers this company, that's why we need to do our own research.

Posted by YapJH > 2019-03-27 09:40 | Report Abuse

My pleasure. Im also just using their public information to run through the figure.

But i think Buymall PE should be around 13x whilst Anypay is about 9.3x, using FYE2020 profit guarantee of RM500k (RM6.5 million / RM500k = 13x) and RM750k (RM7 million / RM750k) respectively. So both PE are lower than what i mentioned earlier.

If that is the valuation, then i would think all these deals goes below or on par with revenue IPO PEx. Means they are not just simply going on a shopping spree to buy and give out high valuation.

Quiet for so long then suddenly action pack within a short 2 weeks.

Posted by 817065 > 2019-03-27 13:23 | Report Abuse

They are laying the foundation for future growth and conserving their cashflow for operational requirements.

Posted by 817065 > 2019-03-27 21:09 | Report Abuse

The money lending license is also to enable it to go into fintech..... financial services.

Posted by skyrocket > 2019-03-28 07:09 | Report Abuse

http://www.chinapress.com.my/20190327/手机支付一年激增20倍/amp/

Posted by trap666 > 2019-03-29 09:52 | Report Abuse

when too many promoters come in...the price sure droppp

Posted by siongkang > 2019-03-29 15:29 | Report Abuse

@goldenmamba93 what good news?

Posted by 817065 > 2019-03-29 17:58 | Report Abuse

This is a growing company with business expansion plans in the cashless revolution. Give it 3 to 5 years and you will see a totally different animal.

Posted by Kyle Kai > 2019-04-03 06:14 | Report Abuse

Potential rocket price and confident stock, revenue always never make me disappointed.
Uptrend 1.3 coming, willing to target 1.4.

Posted by goldenmamba93 > 2019-04-03 09:24 | Report Abuse

@kylekai any good news on this?

Posted by siongkang > 2019-04-03 11:41 | Report Abuse

look like someone collecting . yesterday and today got 500k volumn

Posted by goldenmamba93 > 2019-04-03 12:08 | Report Abuse

when is da QR release?