【GPACKET 0082 交流专区】绿驰通讯

E_G

GPacket,现在可以买进吗？

alexneoh

昨天在飞机看商业报导。。。
semiconductor 需求会在２００８上４０％。
觉得glotronic具向上潜能。。。

风起云涌

原帖由 alexneoh 于 17-11-2007 05:24 PM 发表
昨天在飞机看商业报导。。。
semiconductor 需求会在２００８上４０％。
觉得glotronic具向上潜能。。。

果然是有注意的－－以目前的价位－－若在KLCI大市中－－冲上RM1。00不难－－可投机可投资的股－－

newbie

不要碰technology股
我的忠告

lwh888

安静的看待一切，一切顺其自然！

zoom9999

[ 本帖最后由 Mr.Business 于 15-2-2008 06:39 PM 编辑 ]

zoom9999

zoom9999

GPACKET拿了WIMAX；为何迟迟还未动工？

elvingan

最近都已经决定要开始发展WIMAX了!!!

khokhokho

原帖由 zoom9999 于 8-2-2008 09:34 PM 发表
GPACKET拿了WIMAX；为何迟迟还未动工？

沒資 本和外資合作，單單TM就已經開始在西馬和東馬地區發展 5M/10M/100M的速度線路了，WIMAX這四間公司只有一家公司做而已，下來三家不可能講，倒貼錢也要做，現在他們也只不過等時間，等人合作，否則沒動作就是被收回WIMAX。

3G 也好不了去那里，也是要大資本的運作，所以未來前途只不過是看資本而已，另外最大有條件還是在TM而已。

zoom9999

原帖由 khokhokho 于 9-2-2008 06:52 AM 发表

沒資 本和外資合作，單單TM就已經開始在西馬和東馬地區發展 5M/10M/100M的速度線路了，WIMAX這四間公司只有一家公司做而已，下來三家不可能講，倒貼錢也要做，現在他們也只不過等時間，等人合作，否則沒動作就是被 ...

需要大资本不没道理。连我之前利用MAXIS的WIRELESS ROUTER都上不了网；更何况IKAN
BILIS的网络公司

smartinvest

Saturday February 9, 2008
After a tough year

By TEE LIN SAY
IT is easy to regard wireless application service provider Mtouche Technology Bhd as a stellar performer on Mesdaq. Since it made its debut on the exchange three years ago, its unique business model and focus on being lean and mean has won over investors with a huge appetite for high growth stocks.  

The only other Mesdaq-listed company that enjoys such a following is Green Packet Bhd.  

Merely months following their listing, both companies’ wooed investors through their fast expansion into overseas market and trajectory of growth.

In a bid to capture the fast growing cellular communication and wireless value added business in Asia Pacific, Mtouche together with Green Packet and OSK Ventures International Bhd, had formed a global company GMO Ltd Bhd that was eventually listed on London's AIMS market.
  
Goh: This year will be a clean slate for the company
As Mtouche captured markets in Singapore, Thailand, Indonesia, Vietnam, India, Hong Kong and China, its share price reflected investors' approval of the plans.

For its financial year ended December 2005, Mtouche recorded net profit of RM12.62mil.  

In the following year, it continued to excite when its net profit increased by 61.17% to RM20.63mil.  

At the height of its momentum, Mtouche's share price stood at the RM4.18 mark.

On a relative scale, 2007 proved to be a less-than-expected eventful year for Mtouche.  

In defence of 2007

No doubt, 2007 was a challenging year for the company. Up to the nine months to September 2007, the company recorded net profit of RM5.4mil.  

As indicated in its announcement to Bursa Malaysia, the poor results were largely due to higher expenses from its new subsidiaries, provision of doubtful debts and higher depreciation and amortisation of intellectual property.

This is largely in relation to setting up new subsidiaries in Hong Kong, India, and Vietnam.  

The group has also spent over RM30mil expanding via acquisitions.  

These include a 20% stake in IdotTV Sdn Bhd, 51% stake in Singapore-based Inova Venture Pte Ltd, 30% in GMO Global Ltd, 10% in British-based Cellcast plc and a 70% stake in British Virgin Islands-based Rayson Management Ltd.

Investors with short investment horizons didn't waste time off loading their shares in the company and this resulted in the counter falling off the radar screens of investors through much of last year.  
  
Another humbling point – its share price has slid to astounding levels; it is currently trading at 58 sen.  

Soon, Mtouche is set to announce its full year results (by mid February) and the picture may continue to look bleak.  

Its chief executive officer Eugene Goh however explains that much of the year was spent on keeping its house in order.

“We expanded so fast in 2006 into many markets. So, in 2007, we streamlined our acquisitions. We put in our own people and our own expertise in these countries. It took time to do that.”

Cleaning up house

“We have been focusing and investing on developing our new products and markets to provide new revenue streams. We have also written down all our bad investments and amputated all the bad parts. 2008 will see the new cycle of our business.”

To put things into perspective, despite its poor results, the company is operationally profitable.  

More significantly, despite its poor financial performance, the company continues to attract suitors looking to buy up its business.  

One of the main attractions is the group's huge network spanning South East Asia and China and tie ups with as many as 40 telco operators.  

“We have many suitors. For foreigners, South East Asia is an extremely small market.  

“They want to look for an operator that already has footprints in the entire region, not just one or two countries. But I need to be fair to my shareholders especially in terms of pricing. Anyway you can't just marry anybody. I tell the suitors that if they love the company, they need to wait longer,” says Goh.  

Goh adds that 2008 will be a clean slate for the company.  

“We have incurred all our start up costs, hired all the right people in each of our subsidiary and provided for all our debts in 2007. 2008 is going to be a very exciting year for us. It is going to be clean profits from existing as well as new revenue streams,” he says.  

What's in store?

OSK Ventures has been acquiring Mtouche shares since early December. A big reason for this could be the rights corporate issue that Mtouche initially announced in September 2007.  

The exercise was recently completed; for every two Mtouche shares, a shareholder is entitled to one rights at 80 sen, and a free warrant.  

With the exercise, Mtouche's share capital has now increased to 135 million from 90 million previously.

Nevertheless, OSK Ventures continues to buy up Mtouche shares even after the exercise. As it stands, OSK Ventures now holds a 27% stake in Mtouche.  

Goh says that collectively, the major shareholders of the company took up 50% of the 45.48 million rights issue.  

Indeed, some may perceive this as a vote of confidence.

Presently, Mtouche has three different revenue streams, which consist of its business to business (B2B) segment, business to consumer (B2C) segment and its interactive television segment.  

Its revenue is mainly generated from short messaging services (SMS) and multimedia messaging services (MMS) from various value added cross network SMS bases services and applications such as voting, quizzes and WAP portals.  

In this respect, Mtouche is a dominant player in the movie and music segment in South East Asia, namely Malaysia and Singapore.  

For instance, Mtouche has tie-ups with major movie and music studios, where revenue is generated when ring tones are downloaded and prepaid cards with move themes are purchased.

smartinvest

Mtouche has a profit sharing agreement with the telecommunication (telco) operator.  

All profits go almost immediately to the bottom line as the marketing cost is borne by the telco operator.

Time to reap

As Mtouche has invested quite heavily to set up platforms in Hong Kong, China, Indonesia, and Thailand, investors can expect to see some form of new contribution to revenues this year.  

The China market is expected to be new revenue generator as Mtouche recently launched its very own advertising platform. Just a week into the launch, Goh says the site has garnered close to 2 million impressions.  

“The response has been very good. At the rate it is going, we are targeting 100 million impressions at a revenue of 1 sen per impression per month by June this year,” says Goh. Last month, Mtouche also launched its new free online friendship site, Juzfrens.  

The difference between Juzfrens and other similar sites, for instance Facebook, is that the site is mobile, and accessible via WAP or the mobile phone. In a period of one month, Juzfrens has garnered 100,000 subscribers.  

“We want to be the first to start such a site using the mobile phone. Moving forward, we believe that the gap between web and mobile are increasingly diminishing. Web operators realise the importance of going mobile. That is why you see so many mergers and acquisition trends between web and mobile operators worldwide,” he says.

On this note, Goh is targeting Juzfrens to hit 0.5 million smses on a monthly basis.  

The world's first P2P

A new product which excites Goh is the M-Bit network, which is the world's first peer-to-peer (P2P) search and file super-distribution network.  

This is in fact a product for the fourth generation (4G) market. M-Bi is lauded as the first of its kind in the world because it allows the sharing of content files between mobile phones via transmission over wireless mobile networks.

Basically, M-Bit users will be able to browse through music or video files stored on other mobile phones, download authorised files into their own handset, and even broadcast (to a group of friends) about a new ready-to-share file.

“To me, MMS will face a dead end. It has a limitation as there is a maximum capacity of only 300kb. Presently we can’t send videos via MMS. With M-Bit, you can send videos easily with a size of 10 to 20MBs,”

“The trend is to go mobile. PCs are getting smaller while hand phones are getting bigger. People no longer send smses. They are sending emails. Web companies are looking at ways of hooking up with mobile companies on advertising and simplifying search functions via the hand phone.  

People no longer want to go to a physical computer to do their searches and upload their pictures,” explains Goh.  

M-Bit will be launched in Malaysia by end February, Indonesia in March and Japan in June.  

Goh is targeting 1 million subscribers for M-Bit in Malaysia, and 2 million subscribers in Indonesia. It plans to charge a subscription fee of RM3 per month, on a 50-50 profit sharing basis with the telco operator.  

It is also in talks with a Japanese operator to launch M-Bit in Japan. Japan is one of the world’s largest and most advanced mobile markets with a mobile population of more than 100 million subscribers.

Goh says that mobile network operators in Japan and Korea are particularly interested as 4G mobile networks are already established and provide a platform for the launch of M-Bit.

Interactive television – growth area  

A breakdown of its core business shows that the B2B segment contributes 40% to revenue. Under the B2C segment, revenue is generated when its website and WAP site is used.  

This segment now contributes 50% to total revenue. Meanwhile, the remaining 10% comes from interactive television, a segment which Goh says is growing.  

Mtouche presently has its own interactive television programmes in Thailand, Malaysia and Indonesia. It is set to launch a few more in Vietnam.

Its ability to produce its own interactive programme comes from the acquisition of a 10% stake in British based Cellcast Plc, which it acquired in November 2006 for RM3.12mil. Cellcast is a leading international provider of participation television application and interactive mobile content in the fast-growing multi-platform digital entertainment sector.

In Malaysia, Mtouche launched CelebMania in July last year. It is the first interactive TV show on TV3 that uses a real-time three dimensional (3D) rendered virtual reality set, featuring high tech graphics and puzzles elements on the show.  

In fact, it is believed that Celebmania is the first ever TV interactive show that uses this technology in the South East Asia region. CelebMania blends popular entertainment with interactive quizzes that are highly captivating and competitive in nature.  

“With Cellcast giving us the expertise, we are already using a proven successful format for our television programmes. We test run our programmes in their British channels before launching it here,” says Goh.  

So how do all these exciting plans translate into numbers?

Speaking to an analyst who used to track Mtouche, he says that the company's wireless applications generate gross margins of approximately 60%. Assuming no provisions and write downs, the company should post RM12mil to RM15mil in net profit for its core business in 2008.  

Taking into account contribution from M-Bit (assuming 1 million subscribers only from Malaysia), the company should make RM1.5mil net profit per month. As for its advertising platform in China, 100 million impressions per month would translate into RM1mil net profit per month.  

Meanwhile, the analyst explains that Juzfrens revenue contribution is via advertising revenue and value-added services such as messaging and virtual gifts. This could deliver net profit of RM200,000 a month, when Mtouche reaches a critical mass of 1 million Juzfrens members.

Judging by these figures, it would seem that the company may stand a chance of staging a big comeback to investors radar screen.

8years

mtouch，一间超级烂公司。除了烂，看不到有什么好。要讲如何烂，恐怕要花上3000字。如果最近有被炒，最好全部卖掉，管理层和行业都非常有问题。

green packet风光时间已经过去了，虽然不是烂公司，不过已经很难恢复当年勇了。wimax已经准备要推出市场了，不过最好还是不要买进。

四伯爽

mesdaq好像还没有看到一间能“善终”的

_spring

原帖由 8years 于 9-2-2008 01:18 PM 发表
mtouch，一间超级烂公司。除了烂，看不到有什么好。要讲如何烂，恐怕要花上3000字。如果最近有被炒，最好全部卖掉，管理层和行业都非常有问题。

green packet风光时间已经过去了，虽然不是烂公司，不过已经很难恢 ...

愿闻其详...

小猪留步

请问有人了解这间公司吗？以现在的股价进场合理吗？因为小妹想把去年的一万块花红投资在股市里。请各位大大给小妹一些意见。谢谢先！

_spring

原帖由 四伯爽 于 9-2-2008 05:24 PM 发表
mesdaq好像还没有看到一间能“善终”的

有。。。ETITECH
IPO RM０。４５ （２００６年３月）
红股１送２ （２００７年７月）
闭市价 （06/02/2008）： RM2.88

现在还起个不停。。。

Angus

这个时候进场? 想找死吗?

K-T

greenpacket已经跌到很低的价位了．