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DATE: 17 DECEMBER 2017
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THE STOCK : GPACKET
Green Packet Berhad
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Current Price : 0.525 cts
Target Price : 0.60 cts
This stock has been called since 0.38c
before 2018 budget released. We watching it again for next coming
rallies and strong uptrend has been intacted at 0.45c & 0.50c line.
Due to good news has been released yesterday, we forseeing it will be
more intresting to gap and hit 0.55c before it going to reach our target
0.60c as our 2nd target (FY18). - Sparta
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FIRST CALL :-
Previous blog : GPACKET - Who stand to benefit from 2017 Budget!!!
DATE : 20th October 2017
Stock : GPACKET (0.40 cts)
Target Price : RM0.45 cts (immediate)
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WHAT KIM SAY?
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"The volumes and piling
strong to be play next range's 0.60 cts. Lets see 0.60 cts coming for
real 1st and I am expecting will have 2nd target for next quater FY18." - Kim Spartan
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THE PROFILE
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Green Packet Berhad is a company headquartered in Malaysia, which provides carrier grade Mobile data offloading solutions, and 4G devices that supports LTE, WiMAX and Wi-Fi technologies. It is a technology-based company originally founded in Silicon Valley. It is principally involved in the provision of solutions and devices for various telecommunications technologies. The firm is also engaged in the wholesaling of voice traffic.
Green Packet 4G Networks Operations
- Launched commercial 4G services in 2008 as a Greenfield Operator
- 50% population coverage since 2013
- 2.3Ghz and 2.6GHz TDD spectrum operation licensed by the Government of Malaysia
- Key technology and strategic partners in Intel and SK Telecom
GPACKET - Internet
of Things (IoT) and smart services – the icing on the cake. Green
Packet has singled-out e-services and IoT to be the new growth engines
and has embarked on several related M&As to strengthen its execution
capabilities. Among the notable acquisitions were a 22% stake in listed
Yen Global (Yen) for MYR18.2m (Aug 2016) and a 20% stake in Shenzhen
Memo Technology Co Ltd (Memohi) for MYR6.4m. Yen’s subsidiary, Atilze
Digital SB (Atilze) is rolling out the long range, low power wide area
(LoRA) network in the country, which would be used for the deployment of
IoT via embedded sensors. (sources : RHB securities)
GPACKET - Emerging
financial technology (fintech) play. Green Packet has put in place a
payment platform to provide end-to-end solutions for its digital
ambitions. In Aug 2016, it purchased an 80% stake in WOL – a Bank Negara
Malaysia (BNM) e-wallet license holder – for MYR9m to facilitate
cashless and card-less transactions. The company has also set-up a
mobile wallet application – Kiple (kiplepay.com) – to tap on the
rapidly-growing e-commerce segment. Green Packet is also collaborating
with the Government on a cashless/smart payment card that would
eventually be rolled out in schools nationwide. The smart preloaded card
would eventually replace cash payments by students at cafeterias,
canteens and bookshops, and would ride on WOL’s infrastructure.(sources : RHB securities)
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THE KEYNOTE
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GPACKET - (DEC 2017) - Green Packet partners HK firm to venture into broadcasting TV
GPACKET - (OCT 2017) - Kim's stockwatch call it to monitor for benefit BUDGET to be announce soon.
GPACKET - (OCT 2017) - High
Expectation for G3 Global. Techpreneur Puan Chan Cheong claims to have
created a tech unicorn in Malaysia when Green Packet Bhd a company he
founded in 2000 achieved a valuation of RM3 billion in 2007. They claims
created the first unicorn when Green Packet achieved a RM3 billion
market cap within seven years. Their expectations are high for G3 to
break Green Packet’s record. The business has what it takes to make such
an attempt.
The shares of G3 have gained 61% to 75
sen apiece year to date, giving it a market capitalisation of RM309
million. For it to become a unicorn, its market cap would have to grow
at least 13.7 times, based on today’s exchange rate
GPACKET - (OCT 2017) - Telekom
Malaysia Bhd’s (TM) equity stake in webe could potentially rise to 85.9
per cent from 72.9 per cent currently, from the group’s subscription of
RM495 million nominal value of the third and final tranche issuance of
webe’s convertible medium term note (CMTN) programme.
GPACKET - (SEP 2017) - Green
Packet co-founder and substantial shareholder Puan Chan Cheong was
appointed chairman of G3 Global earlier this month. Has boosted its
stake in jeanswear maker G3 Global Bhd (formerly Yen Global Bhd) to 32%,
just below the 33% threshold for triggering a mandatory offer. It had
acquired, for RM12.38mil, a further 82.5 million rights shares in G3
Global, which last year expanded into selling telecommunication
solutions and services. The total purchase, funded by internally
generated funds, made Green Packet the single biggest shareholder of G3
Global. Prior to this, Taiwanese global provider of wireless broadband
solutions and Internet of Things (IoT) player, Gemtek Technology Co Ltd,
was the biggest investor in G3 with a 30% stake. The acquisition is in
line with the company’s direction to make further strategic investment
to strengthen the group’s ICT (information and communications
technology) equipment business.
GPACKET - (AUG 2017) - Has
narrowed its second quarter net loss to RM5.53mil, compared with
RM31.76mil a year ago. The communication and technology services
company, posted the second quarter revenue of RM82.69mil, up 7% from
RM77.53mil in the corresponding quarter of 2016. Its software and
devices business posted a 44% increase in revenue to RM27.38mil against
RM19.03mil in the same period last year. The group said its Ebitda for
the quarter stood at RM1.77mil, down 59% from RM4.36 a year ago.
GPACKET - (AUG 2017) - They
started looking at the mobile payment solutions space since the fourth
quarter of 2016. With Webcash, Kiple and Mobiduu, they are integrating
the various solutions into one integrated technology platform to offer a
complete solution. Eyeing an expansion into a new growth area - the
mobile payment solutions segment, an area poised for disruptions through
technology.
GPACKET - (JUL 2017) - Announced
the proposed acquisition of a 100% stake in Mobiduu Solutions Sdn Bhd
for RM4 million. The sellers of the mobile payments solution provider
are two individuals, Rashad Khaleel Mousa Bdeiri and Suhaima Abd Hamid.
The company said Mobiduu has developed a proven and ready e-services
and loyalty platform to launch Green Packet’s mobile payment
services.The company has also taken into consideration the opportunity
costs in terms of time to market our e-services solutions and investment
costs that may be required to develop a similar new software platform.
GPACKET - (MAY 2017) - Green
Packet Bhd is expecting an internal rate of return (IRR) of up to 30%
over the next four years for its investment in G3 Global Bhd's (formerly
Yen Global Bhd) Internet of Things (IoT) business venture, which it is
anticipating will break-even by the first quarter of next year. At a
press conference after the group's annual general meeting today, chief
executive officer cum executive director Tan Kay Yen said he is
expecting the IoT business to break-even by the first quarter of next
year. The management is expecting a revenue growth of up to 15% for its
financial year ending Dec 31, 2017 (FY17). The improvement will continue
to be driven by their core businesses, solutions and communications,
their solution business is already quite geographically diversified
currently. It grew from Asia towards the Middle East and Europe, before
moving to the North and Latin Americas.
GPACKET - (APR 2017) - The
company, which returned to the black in the third quarter of the
financial year ended Dec 31, 2016 (FY16) after years of bleeding red
ink, had two years ago refocused its efforts on beefing up its original
operations, namely, the solutions and communications segments. At about
the same time, it sold off to Telekom Malaysia Bhdits controlling stake
in Packet One Networks (M) Sdn Bhd (now rebranded as webe) where its
broadband business was parked.
GPACKET - (MAR 2017) - Green
Packet Bhd has raised about RM18.09 million in gross proceeds following
the completion of its placement of up to 10% of its issued and paid-up
share capital, through the subscription and allocation of 68. 27 million
new shares of 20 sen each at an issue price of 26.5 sen. The company
said the issue price was at a discount of approximately 7.83% to the
5-day weighted average market price up to March 9 of 28.75 sen per
shares in Green Packet.
GPACKET - (FEB 2017) - Green
Packet Bhd registered revenue and net profit of RM115.24mil and
RM1.25mil for the fourth quarter ended December 31, 2016, bringing their
full year revenue and net profit to RM371.84mil and RM71.47mil,
respectively. The revenue and net profit for FY16 was mainly due
continued improvement in core business earnings of RM 13.97mil,
cessation of equity accounting of share of losses in associated company,
Webe Digital Sdn Bhd and fair value gains on reclassification from
interest in associate to long term investment of RM98.2mil.
GPACKET - (JAN 2017) - Green
Packet Bhd said it will take up its full entitlement in the two-for-one
rights issue by Yen Global Bhd in support of the growth of the company
in which it has a 22% stake. The group said it will subscribe for the
60.5 million rights shares together with 45.4 million warrants for a
total consideration of RM12.1 million.
GPACKET - (JAN 2017) - Yen
Global Bhd, in which Green Packet Bhd has bought a 22% stake last year,
proposed to change its name to G3 Global Bhd. Yen Global said a
circular to shareholders containing the details of the proposed change
of name will be despatched to the shareholders in due course. This
proposal came after new substantial shareholders emerged in Yen Global
and the loss-making jeans wear manufacturer revealed its interest to
diversify into Internet of Things (IoT) business.
GPACKET - (JAN 2017) - Has
completed the acquisition of an 80% stake in e-payment firm WebOnline
Dot Com Sdn Bhd for RM9 million. Green Packet said PISB completed the
purchase of 1.15 million WebOnline shares at RM5.22 per share for RM6
million in total. Simultaneously with the purchase, PISB also completed
the subscription of 450,000 new shares in WebOnline for RM3 million, or
RM6.66 per share. Green Packet funded the acquisition via internal
funds.
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THE FINANCIAL
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http://klse.i3investor.com/blogs/spartan/141495.jsp
Regards,
Kim Stockwatch
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