GHLSYS (0021) - Stocks With Momentum: GHL
April 1, 2015 : 10:31 AM MYT
GHL Systems Bhd (+ve)
SINCE GHL (Fundamental: 1.2/3, Valuation: 0.7/3) was first picked by our system on March 10, the stock has risen 11.2% to RM1.04 yesterday on heavy volume.
GHL is a leading payment solutions provider, servicing a wide range of clientele, including the banking and financial, telecommunications and retail sectors. Domestic operations accounted for 84% of total sales in 2014, followed by the Philippines (11.4%), Thailand (3.8%) and Australia (0.8%).
Net profit surged 29.0% to RM 6.7 million in 2014, on the back of a 146.3% jump in sales to RM165.4 million, mainly due to consolidation of e-Pay Asia Limited (EPY), which was acquired in Feb 2014.
In 2015, the company will focus its effort on the Third Party Acquirer (TPA) agreement signed with OMNIPAY, Inc (Philippines) and Global Payments Card Processing Malaysia Sdn Bhd.
The stock is trading at a high trailing 12-month P/E of 90.4 times, and 2.76 times book.
This article first appeared in The Edge Financial Daily, on April 1, 2015.
http://www.theedgemarkets.com
April 1, 2015 : 10:31 AM MYT
GHL Systems Bhd (+ve)
SINCE GHL (Fundamental: 1.2/3, Valuation: 0.7/3) was first picked by our system on March 10, the stock has risen 11.2% to RM1.04 yesterday on heavy volume.
GHL is a leading payment solutions provider, servicing a wide range of clientele, including the banking and financial, telecommunications and retail sectors. Domestic operations accounted for 84% of total sales in 2014, followed by the Philippines (11.4%), Thailand (3.8%) and Australia (0.8%).
Net profit surged 29.0% to RM 6.7 million in 2014, on the back of a 146.3% jump in sales to RM165.4 million, mainly due to consolidation of e-Pay Asia Limited (EPY), which was acquired in Feb 2014.
In 2015, the company will focus its effort on the Third Party Acquirer (TPA) agreement signed with OMNIPAY, Inc (Philippines) and Global Payments Card Processing Malaysia Sdn Bhd.
The stock is trading at a high trailing 12-month P/E of 90.4 times, and 2.76 times book.
This article first appeared in The Edge Financial Daily, on April 1, 2015.
http://www.theedgemarkets.com
