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Y/Y: rev +40%, pat +47%, eps +60% (share buyback), OPM 23.5% vs 22.5%
Q/Q: rev +32%, pat +180%
Gearing remained to be insignificant.
Tan shares that the internal (financial performance) target is to increase the Group's total annual revenue by 30 per cent, and 60 per cent PAT by end of FY2011.
(source: http://www.ebworx.com/)
Comments:
Based on a conservative annualized earnings of 4.8sen, Ebworx is trading at 10x 11F. (vs 25x prior results) I believe it is achievable premise on new contract awarded and expectation on new contracts as well as share buyback activities. Ebworx is currently sitting on net cash of RM23m.
4 contracts won in October 2010 and 3 contracts won in Q1 & Q2 2011.
Contracts won in 2011 thus far:
Kuala Lumpur, 06 May 2011 - Bank Islam Malaysia Berhad has given the mandate to eBworx to implement its Financing Origination System for its retail business.
The Islamic-based financing origination solution will cover the bank's financing products including Bank Islam cards.
Jakarta, 19 April 2011 - CIMB Niaga today awards eBworx the loans origination system implementation for its Business Banking business. The implementation is part of the regional solution implemented in Malaysia.
Kuala Lumpur, 17 March 2011 - AmBank Group has today confirmed the award of an extension to eBworx award winning Digital Credit Management System. eBworx, which implemented the retail loans origination covering both secured and unsecured consumer lending will implement the extension to cover the bank's Asset Based Financing business.
=====
Contracts won in 2010:
Kuala Lumpur, 26 October 2010 - RHB Bank after the successful launch of its Internet Banking site in Malaysia, has engaged eBworx to extend its channel to cover additional devices for mobile. The case for mobile has been an increasingly interesting channel to explore and RHB Bank is looking to stamp its mark.
Kuala Lumpur, 22 October 2010 - Following the successful launch and rebranding of RHB's New Internet Banking System, RHB's Singapore operations will follow suite and deploy the Internet Banking system to serve its customers in the Lion City
Kuala Lumpur, 20 October 2010 - eBworx announces that OCBC NISP Indonesia has awarded the Mobile Banking project to eBworx. The project will extend the Internet Banking platform to Mobile.
Indonesia which sees an increase in mobile adoption especially Blackberry and Smartphone usage is a large market which OCBC NISP hopes to tap on to further strengthen its position in Indonesia.
Kuala Lumpur, 19 October 2010 - CIMB Thai has today awarded the Phase 2 of the Regional Retail Credit System after the successful completion of Phase 1 early this year.
Phase 2 will follow on the work done in Phase 1 covering more products and extending some of the features to cover post disbursement activities.
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Y/Y: rev +40%, pat +47%, eps +60% (share buyback), OPM 23.5% vs 22.5%
Q/Q: rev +32%, pat +180%
Gearing remained to be insignificant.
Tan shares that the internal (financial performance) target is to increase the Group's total annual revenue by 30 per cent, and 60 per cent PAT by end of FY2011.
(source: http://www.ebworx.com/)
Comments:
Based on a conservative annualized earnings of 4.8sen, Ebworx is trading at 10x 11F. (vs 25x prior results) I believe it is achievable premise on new contract awarded and expectation on new contracts as well as share buyback activities. Ebworx is currently sitting on net cash of RM23m.
4 contracts won in October 2010 and 3 contracts won in Q1 & Q2 2011.
Contracts won in 2011 thus far:
Kuala Lumpur, 06 May 2011 - Bank Islam Malaysia Berhad has given the mandate to eBworx to implement its Financing Origination System for its retail business.
The Islamic-based financing origination solution will cover the bank's financing products including Bank Islam cards.
Jakarta, 19 April 2011 - CIMB Niaga today awards eBworx the loans origination system implementation for its Business Banking business. The implementation is part of the regional solution implemented in Malaysia.
Kuala Lumpur, 17 March 2011 - AmBank Group has today confirmed the award of an extension to eBworx award winning Digital Credit Management System. eBworx, which implemented the retail loans origination covering both secured and unsecured consumer lending will implement the extension to cover the bank's Asset Based Financing business.
=====
Contracts won in 2010:
Kuala Lumpur, 26 October 2010 - RHB Bank after the successful launch of its Internet Banking site in Malaysia, has engaged eBworx to extend its channel to cover additional devices for mobile. The case for mobile has been an increasingly interesting channel to explore and RHB Bank is looking to stamp its mark.
Kuala Lumpur, 22 October 2010 - Following the successful launch and rebranding of RHB's New Internet Banking System, RHB's Singapore operations will follow suite and deploy the Internet Banking system to serve its customers in the Lion City
Kuala Lumpur, 20 October 2010 - eBworx announces that OCBC NISP Indonesia has awarded the Mobile Banking project to eBworx. The project will extend the Internet Banking platform to Mobile.
Indonesia which sees an increase in mobile adoption especially Blackberry and Smartphone usage is a large market which OCBC NISP hopes to tap on to further strengthen its position in Indonesia.
Kuala Lumpur, 19 October 2010 - CIMB Thai has today awarded the Phase 2 of the Regional Retail Credit System after the successful completion of Phase 1 early this year.
Phase 2 will follow on the work done in Phase 1 covering more products and extending some of the features to cover post disbursement activities.
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13 comments
Hey Dali & all bloggers in town ,
This is the call of EAH @ 0.51 made by dali-san last month>
http://malaysiafinance.blogspot.com/2011/04/watch-this-stock-closely.html
May I know, should I cut loss or hold on EAH ? it is now @ 0.38cts which is > 30% down from my cost .
can anynone answer for dali in case he refuse to give me the answer ?
how about u moolah ? can tell or u wanna to cover yr buddy dali-san ?
The stock to watch is Silver Ridge on annualized PE of about 2x. Long way to go up. Imagine if it can achieve 10x!
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