Good123

Historical p/b value always higher than 2.

Nta 5sen x 2 =10sen or higher

Gp is performing better with the new mgmt disposing loss making subsidiaries, etc...

With seriousness to show profit or turnaround without hanky panky, it could hit 10sen or higher this year... Fingers crossed

1 month ago

Good123

DISPOSAL OF 100% EQUITY STAKE IN XENDITY SDN BHD TO INNOV8TIF HOLDINGS SDN
BHD FOR CASH CONSIDERATION OF RM17.5 MILLION (COLLECTIVELY REFERRED TO AS
DISPOSAL OF THE TARGET SALE SHARES)
Further to the Company’s announcement dated 20 January 2023 (“Announcement”) on the Disposal of the
Target Sale Shares. The Company hereby furnish additional information for your attention and information.
Unless otherwise defined, the definitions set out in the Announcement shall apply herein.
1. Conditions Precedent under the SSA
Other than the Due Diligence Exercise which includes the due diligence investigation into the
Vendor’s title to the Target Sale Shares, the financial and legal due diligence on the Target Company
as disclosed in Section 2.3.1 of the Announcement, there were no other conditions precedent under
the SSA.
2. Original cost of investment and date of the investment in Xendity Sdn Bhd (“XSB”) by Xendity
Pte Ltd (“XPL”)
The original cost of investment of XPL’s 100% equity stake in XSB was:
Date of the investment Original cost of investment
(RM)
01.11.2017 2
06.08.2018 99,998
23.06.2021 2,441,697
2,541,697
3. Value of XSB derived from Discounted Cash Flow (“DCF”), key bases and assumptions used
The indicative value of XSB derived from the DCF is approximately RM17.68 million, based on the
management’s best estimate after taking into consideration the following key bases and
assumptions:
Projected period 5 years from financial year ending (“FYE”) 2023 to FYE 2027
Discount rate 16.60%
Terminal growth rate 2.70%
Terminal value RM9.8 million
Revenue growth rate per
annum (1)
9% to 90%
Net profit margin across the
projected period
11% to 23%
Note:
(1) XSB’s main source of revenue is generated from the set-up and implementation,
subscription, transaction and onboarding, technical support and development services in
relation to the e-KYC technology. The growth percentage per annum above are projected
based on the management’s estimated overall growth rate of XSB across the projected
period.

1 month ago

Good123

DISPOSAL OF 100% EQUITY STAKE IN XENDITY SDN BHD TO INNOV8TIF HOLDINGS SDN
BHD FOR CASH CONSIDERATION OF RM17.5 MILLION (COLLECTIVELY REFERRED TO AS
DISPOSAL OF THE TARGET SALE SHARES)
The Consideration for the Disposal of the Target Sale Shares of RM17.50 million represents a
discount of approximately 1.02% to the abovementioned indicative value of RM17.68 million.
4. Further rationale for Green Packet Berhad (“GPB”) on the Disposal of the Target Shares
The Group has been making losses for the last five financial years. The Group has implemented
asset rationalisation and business optimisation measures via the disposal of non-core or non-profit
making assets which are not primary revenue or profit generating for the Group in order to improve
the Group’s financial position.
XSB’s business would require substantial resources such as extensive funding, highly skilled
manpower and continuous enhancement of its solutions in order to remain competitive in the
everchanging market and to penetrate the wider regional customer base before the Group is able to
crystalise the potential earnings thereon. Thus, the Disposal of the Target Sale Shares is viewed
positively to provide an opportunity for the Group to immediately unlock and realise the value of the
investment and assets in XSB. The disposal proceed of RM17.5 million could be reallocated to
further expand the Group’s existing core businesses such as Fintech and Communication
businesses to:
i. Build strategic partnership, upsell additional modules and expand customer base for Digital &
Financial Services business; and
ii. Improve operational efficiency for wholesale voice traffic and rapid diversification into wholesale
data to improve earnings for the Communication business.
GPB will continue to evaluate the future plan for XPL as an investment holding company.
This announcement is dated 27 January 2023.

1 month ago

Good123

OTHERS ADDITIONAL INFORMATION - DISPOSAL OF TARGET SALE SHARES
GREEN PACKET BERHAD

Type Announcement
Subject OTHERS
Description ADDITIONAL INFORMATION - DISPOSAL OF TARGET SALE SHARES
Further to the Company’s announcement dated 20 January 2023 (“Announcement”) on the Disposal of the Target Sale Shares.



The Company hereby provide additional information for your attention and information.



Details of the announcement are set out in the file attached below.



This announcement is dated 27 January 2023.




Please refer attachment below.

Attachments
GPB - Disposal of Xendity Additional Information (final).pdf
132.7 kB

Announcement Info
Company Name GREEN PACKET BERHAD
Stock Name GPACKET
Date Announced 27 Jan 2023
Category General Announcement for PLC
Reference Number GA1-27012023-00038

1 month ago

Good123

Harus 10sen++ p/b value > 2, historically speaking.. kini new mgmt jauh lebih mantap :)

1 month ago

Good123

Best strategy, conserve cash n focus on turning around and work with tencent china

1 month ago

Good123

Pastikan jualan , aliran tunai positif & untung terbijak

Grow by acquiring loss making startup is over

1 month ago

future

Maybe youre right Good123, HongSeng today top, same player in GPacket, rotational to come

1 month ago

Good123

But dont put all your money in gp .. still loss making... Not turnaround yet... For profitable ones e.g. fgv, senheng, etc

1 month ago

Good123

My worry with GP is more and more private placement to implement the cloud project of tencent ~rm100mil

Discount price for pp could be up to 18%+++

Evaluate yourself, dont blame others when you buy gp shares

1 month ago

eatsmall

bila nak naik niiii..

1 month ago

King_trader_shadow

Guys this company is seriously should be delisted

Pointless to invest a company with lamest revenue

1 month ago

King_trader_shadow

Guys this company is seriously should be delisted

Pointless to invest a company with lamest revenue

1 month ago

success2628

Axiata posts net profit of RM9.77bil in FY22, declares div of five sen/share
Thursday, 23 Feb 2023 1:29 PM MYT

https://www.thestar.com.my/business/business-news/2023/02/23/axiata-posts-net-profit-of-rm977bil-in-fy22-declares-div-of-five-senshare

KUALA LUMPUR: Axiata Group Bhd
is placing the emphasis on operational resilience and sound business fundamentals as it accelerates its pace towards achieving technology company (TechCo) status.
"Building up our digital core remains our focus as we progress towards our goal of becoming The Next Generation Digital Champion.

"Following our net-zero emissions and science-based target commitments last year, Axiata has put in place the governance structures and resources to strengthen and oversee matters relating to sustainability within the group including areas of digital inclusion and climate action," said chairman Tan Sri Shahril Ridza Ridzuan in a statement.
According to the group, some of the key actions of resilience taken include the continued reduction of forex exposure, increased hedging activities, reduction of capex, and zero-based costing.
"Given these proactive measures, we are targeting mid-single digit revenue growth and high single-digit earnings before interest and tax (Ebit) growth in 2023," added joint acting group CEO Vivek Sood.
Announcing its earnings for the 2022 financial year, the telco group said it recorded a net profit of RM9.77bil, nearly 12 times the net profit of RM818.9mil in the previous year as it took into account a RM13.5bil one-off net gain on the Celcom-Digi merger.
The group's earnings per share rose to 106.4 sen as compared with 8.9 sen in 2021.

Axiata said the improved bottomline was offset by higher depreciation and amortisation, taxes, net finance cost as well as goodwill impairment.
Earnings before interest, tax, depreciation and amortisation (Ebitda) meanwhile increased 9% year-on-year (y-o-y) to RM12.4bil.
The group reported revenue of RM21.73bil, which was 8.66% improved over the 2021 period, with higher contributions from all operating companies (OpCos) except Dialog and Ncell.
In line with its performance, the group declared a second dividend of five sen a share, which took the overall dividend payout to 14 sen a share in 2022.
Over the course of 2022, Axiata said it continued to drive cost excellence by achieving a capex savings of RM1.07bil.
The group closed the year with a robust balance sheet as gross debt/Ebitda decreased to 2.9x compared to two previous quarters.
This was owing to the higher debt to fund the Link Net and ISOC Philippines tower acquisitions, which was subsequently normalised by the proceeds from the completed mergers and acquisitions.
The group reported a healthy cash balance of RM7.5bil.
Joint acting group CEO Hans Wijayasuriya said the group's performance was owing to a multi-faceted response by Axiata to the macro headwinds.
"The group built resilience and operational muscle while seeding platforms for profitable growth.
"FY23 will be equally decisive, presenting opportunities and challenges associated with execution excellence and structural transformation, potentially on the backdrop of global macro headwinds," he added.

3 weeks ago

fruitcake

where is the snakehead

3 weeks ago

serbatipu

Any news about CC Puan, damn silent recently

3 weeks ago

speakup

Met CC Puan many years ago at a business meeting. Nice guy.

3 weeks ago

speakup

No idea what's he doing nowaday

3 weeks ago

sampooler

Lim sell to silver peak at 0.12?

2 weeks ago

$$ BUYSELL $$

already told early anything up must come down.

2 weeks ago

haziqaz

all mafia lah
READ https://thecorporatesecret.com/blog/2023/03/04/rahsia-mafia-korporat-malaysia-victor-chin-boon-long-peralat-penguatkuasa-terbongkar/

2 weeks ago

GoldenShare

scary !

2 weeks ago

sampooler

So. Is silver pear going to take over gp?

2 weeks ago

sampooler

https://www.sinchew.com.my/20230308/%e8%af%81%e5%ae%9e%e6%9f%a5%e5%8f%af%e4%ba%ba%e5%84%bf%e6%8e%a7%e8%82%a1%e6%b6%89%e6%8c%aa%e7%94%a8%e8%b5%84%e9%87%91-%e8%ad%a6%ef%bc%9a%e6%8a%a5%e5%91%8a%e5%b7%b2%e5%91%88%e5%89%af%e6%a3%80/

1 week ago

sampooler

That article is in the news

1 week ago

eklim65

https://www.theedgemarkets.com/node/658230 Police probing Victor Chin’s alleged involvement in RM30.7m misappropriation from Caely

1 week ago

Good123

Syabas kpd kerajaan perpaduan membanteras jenayah kolar putih

https://thecorporatesecret.com/blog/2023/03/09/selepas-victor-chin-fail-peguam-mafia-korporat-chong-loong-men-pula-terbongkar/

4 days ago

Good123

:)

"Datuk Roy" continues to be remanded to assist MACC investigations relating to Jana Wibawa.

3 days ago

CyrusQ

Company going bankrupt ?

1 day ago

flatso

wow! gpac still exist?!

1 day ago

thequalityguy

high volume today. any news?

1 day ago

sampooler

Not sure what news..anyway dont buy/sell before u understanding silver peak and the purpose of it become the substantial shareholder. I also wanted the news for buy/sell..

footstop

1 day ago

GoldenShare

Goreng Goreng Goreng, who care Mafia or not, : )

1 day ago

EliteYY69

tp 0.07 ?

1 day ago

TCH1186

no need tp. once you in, you only can see the exit by 2079. 56y to go

1 day ago

relaxxx69

Goreng over?

1 day ago

nicholas99

lari. not goreng

1 day ago

haziqaz

Fail sulit Ketua Mafia Korporat didedah, Azam Baki KP SPRM perlu tangkap Victor Chin, Chong Loong Men & Datuk Eddie

Fail sulit Peguam Mafia Korporat Chong Loong Men sudah didedah. Kini fail sulit Ketua Mafia Korporat Datuk Victor Chin Boon Long pula didedah. Rampasan syarikat Revenue Group pula dedah penyelewengan Datuk Eddie sehingga letak jawatan Pengarah Eksekutif. Tangkap 3 Individu ini akan bongkar jenayah Mafia Korporat di negara ini..

https://thecorporatesecret.com/blog/2023/03/17/fail-sulit-ketua-mafia-korporat-didedah-azam-baki-kp-sprm-perlu-tangkap-victor-chin-chong-loong-men-datuk-eddie/

17 hours ago

ID007

see itu face

8 hours ago

Michael R.

Looks like offloading shares from one hand to other.. similar to MMAG recently..

6 hours ago

Michael R.

They bought at 0.050 i think so..

6 hours ago

sampooler

Is gp ready?

https://www.malaysiakini.com/news/659401

6 hours ago

sampooler

0.055 is very low risk to accum

6 hours ago

harvest6138

Wow, is that true ?? someone just converted 10mil warrant into ordinary share ?? the current share price is 0.055 and conversion cost is 0.4 , can not understand the logic ....

3 hours ago

sampooler

I also cannot understooood the logic behind..

3 hours ago

shiningmoon

why wanna convert at 40c when can get from market now at 5.5c?

3 hours ago

EliteYY69

pay 35cents for converting the warrant ? wtf ?

1 hour ago

nicholas99

gg.. later will amend price. :P

1 hour ago

Michael Kwok

Sell call 5 cents
Tp below 2 cents
Will do share consolidation at least 20 to 1
21/3/23 3.43pm

40 minutes ago

TCH1186

buy rm1 tp 2cent . go go go

22 seconds ago