GHL Systems Bhd (-ve)

GHL (Fundamental: 1.2/3, Valuation: 0.7/3) offers payment solutions to a wide range of clientele, including the banking and financial, telecommunications and retail sectors. The company’s shares rose 5.03% yesterday, to close at an all-time high of 94 sen. 

Apart from domestic operations, which contributed 84% of total revenue in 2014, GHL had expanded its client base beyond Malaysia to include Philippines (11.4%), Thailand (3.8%) and Australia (0.8%). 

GHL’s revenue in 2014 grew by 146.3% y-o-y to RM165.4 million, mainly attributed to the acquisition of e-Pay Asia Limited (EPY) in April 2014. In particular, transaction payment acquisition revenue (for e-Debit services provided to merchants) derived from e-pay’s acquisition accounted for 69.5% of the company’s total revenue. 

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.

This article first appeared in The Edge Financial Daily, on March 11, 2015.