Thursday 25 Apr 2024
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This article first appeared in The Edge Financial Daily, on November 30, 2015.

 

Panpages Bhd (-ve)

Shares of PanPages (Fundamental: 1.15/3, Valuation: 0.3/3) rose 1.6% to close at 31 sen last Friday, following its 3Q2015 results announcement.  

The company remained in the black for the third consecutive quarter in 3Q2015. Net profit for 9M2015 was RM3.3 million, compared to a net loss of RM3.8 million for 9M2014, due mainly to lower operating expenses from better cost control. Revenue, meanwhile, grew 13.4% to RM24.1 million, driven by higher sales of content licensing and information technology (IT) products.

PanPages, formerly known as CBSA Bhd, provides business-to-business multi-platform media search solutions in South East Asia through its local business platform, PanPages.com. 

The company operates through two segments, namely Search and Advertising, and IT. The former develops and operates its online business platforms, print directories and develops content and database while the latter develops, among others, radio frequency identification and cloud computing solutions. In 2014, the two segments contributed 95% and 5% of its revenue, respectively.

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