Here is some of the reason on - Why you should invest in Cuscapi
1. The new owner of Cuscapi is the same team of pioneer that brought MYEG from scratch to a billion ringgit company.
When MYEG is listed in 2007, the company
had a good run and at year 2008, MYEG is having a market capitalization
of approx RM 200 million. As you can see in this report by Standard
& Poor, MYEG market value stands at RM 208 million on March 2008.
To date in March 2019, after 10 years, this is MYEG market valuation, which is RM 4.5 billion.
Put it in simple terms, if you invested
RM 10,000 at start with MYEG and hold until now, disregard dividend
payment, the capital appreciation is 22.5 times, which means you will be
having RM 225,000 in 10 years!!!
There are a lot of companies with successful run, and MYEG management made it happen in front of our eyes.
Now, Cuscapi is a remake of MYEG, and all
investor that had missed those golden chance should look at Cuscapi
again, and maybe include Cuscapi into your long term strategy profile.
The market capitalization of Cuscapi now is RM 180 million. In 10 years time, can it be a RM 4 billion corporation again?
2. Solid top management from pioneering team of MYEG
- Datuk Jayakumar
2. Mohd Jimmy Wong Abdullah
KUALA LUMPUR (March
28): Cuscapi Bhd has appointed Datuk Mohd Jimmy Wong Abdullah as
executive chairman of the company, filling a post left vacant after
Datuk Larry Gan retired on March 20. Wong's appointment is effective immediately.
In a filing with
Bursa Malaysia today, the technology solutions provider said Wong, 55,
is currently an independent director of MY E.G. Services Bhd.
3. New management cost of share if higher than current
The new management had subscribe to new share issuance at the following cost
Ordinary share - RM 0.25
Warrant RM 0.08 + Exercise price RM 0.27 = RM 0.35
Ordinary share - RM 0.25
Warrant RM 0.08 + Exercise price RM 0.27 = RM 0.35
The current share price of Cuscapi is RM 0.21, which is below the cost of subscription by the new management.
4. Entry of new market
Venturing into
Bangladesh (population 160 million people). To implement POS system in
order to help Bangladesh government reduce leaking in tax from the
retailer.
Now Cuscapi only RM 0.21, which is way
below the price that the new management bought in. Moreover, Cuscapi
have a strong growth market in South East Asia region.
If you believe the team that had made
MYEG from RM 200 million company to RM 4.5 billion company in 10 years,
this is the same team again in remaking Cuscapi!!!
https://klse.i3investor.com/blogs/targetinvest/198867.jsp
https://klse.i3investor.com/blogs/targetinvest/198867.jsp
