Wednesday, January 3rd, 2018

 

Malaysian firms win big at International Innovation Awards 2017

SHANGHAI: Size does not always matter, as proven by three Malaysian companies which garnered accolades at the “International Innovation Awards 2017” for innovation in parking system, classified ads and customer management software.

The awards were organised in Shanghai, China, by Enterprise Asia, a non-governmental organisation in pursuit of entrepreneurship development across the region to promote fair and equal opportunities for emerging entrepreneurs.

A total of 31 products, services and organisations received the InnoCube at the International Innovation Awards 2017. They also received the InnoMark, the global certification for innovation.

For instance, M.A. Intelligent Parking (M) Sdn Bhd came out with plans to embark on the integrated mechanical parking system dubbed “MAPS Parking”, which is the first-of-its-kind in Malaysia.

M.A. Intelligent Parking, which was incorporated in 2009, aims to launch its maiden parking system for a 24-level car park building with 199 bays in Jalan Tun Razak this month upon obtaining approval from the authorities.

“Steel structure is the main component that connects with each other to carry the load of the whole parking structure. It is safe and easy for the drivers to search for parking space as they just have to leave their cars and allow the lift system to park at available parking space,” said its group managing director Siti Nur Afiqah.

“It’s very common in China, but it is new in Malaysia. There are a few in Malaysia, but are used in the public sector and not used commercially.

M.A. Intelligent Parking assistant CEO Datin Seri Norhanizah Nordin said unlike conventional parking, the new parking system does not need bigger land and the intention is to solve the parking space problem in the city centre.

“The market response has been encouraging. We look forward to moving progressively in the market. We’ve received enquiries from Indonesia, Cambodia, Thailand and the Middle East.”

The project is a joint venture between M.A. Intelligent Parking and Japan’s Nissei Build Kogyo, which is involved in tower parking.

Meanwhile, Getthiss Marketplace, an online classified ads website, is also gaining traction with its venture into overseas markets.

Getthiss Marketplace allows people to buy and sell a wide variety of goods, products and services across different categories such as real estate, automotive, careers, business products and services. Besides selling and buying products, one can also make bill payment and prepaid reload with trusted merchants on the platform.

Getthiss Innovation Sdn Bhd general manager Leon Tan said the company sees huge potential in the China market.

“We’ve very good response from the merchants. We’ve started to establish abroad in Thailand and Indonesia, very soon we’re going to China for the halal market. We’re confident to grab a share in this halal market. We’re going to introduce Jakim halal in China as it is recognised worldwide. Slowly we’ll build up the halal food collaboration with China.”

Tan said currently the company’s revenue mainly comes from the advertising platform.

“We have our mini website to help cottage industries to establish and sell their products. This is also what we’re active in.”

For Ezytronic Sdn Bhd, its winning product, Salesmaxx, has helped small firms to better manage their customer base.

Salesmaxx is an integrated sales performance monitoring system with live dashboard viewing capabilities. It enables users to track, monitor, identify gaps and train directions in the sales team.

Ezytronic sales director Jerry Ooi said Salesmaxx is tasked to increase sales team efficiency with minimum resources but with maximum returns. Currently the system has over 50 customers in Malaysia.

Ezytronic, which was established nine years ago, is targeting to list on the Ace Market of Bursa Malaysia by 2020. It registers over RM20 million in revenue per year.

Ooi said the company launched the software business three years ago and it plans to the overseas markets going forward.

“Majority of the enterprise solutions system is catered for large corporations, and SMEs do not have such system. We design this to suit their culture with affordable prices.”


Malaysian firms win big

SHANGHAI: Size does not always matter, as proven by three Malaysian companies which garnered accolades at the “International Innovation Awards 2017” for innovation in parking system, classified ads and customer management software.

The awards were organised in Shanghai, China by Enterprise Asia, a non-governmental organisation in pursuit of entrepreneurship development across the region to promote fair and equal opportunities for emerging entrepreneurs.

A total of 31 products, services and organisations received the InnoCube at the International Innovation Awards 2017. They also received the InnoMark, the global certification for innovation.

For instance, M.A. Intelligent Parking (M) Sdn Bhd came out with plans to embark on the integrated mechanical parking system dubbed “MAPS Parking”, which is the first-of-its-kind in Malaysia.

M.A. Intelligent Parking, which was incorporated in 2009, aims to launch its maiden parking system for a 24-level car park building with 199 bays in Jalan Tun Razak this month upon obtaining approval from the authorities.

“Steel structure is the main component that connects with each other to carry the load of the whole parking structure. It is safe and easy for the drivers to search for parking space as they just have to leave their cars and allow the lift system to park at available parking space,” said its group managing director Siti Nur Afiqah.

“It’s very common in China, but it is new in Malaysia. There are a few in Malaysia, but are used in the public sector and not used commercially.

M.A. Intelligent Parking assistant CEO Datin Seri Norhanizah Nordin said unlike conventional parking, the new parking system does not need bigger land and the intention is to solve the parking space problem in the city centre.

“The market response has been encouraging. We look forward to moving progressively in the market. We’ve received enquiries from Indonesia, Cambodia, Thailand and the Middle East.”

The project is a joint venture between M.A. Intelligent Parking and Japan’s Nissei Build Kogyo, which is involved in tower parking.

Meanwhile, Getthiss Marketplace, an online classified ads website, is also gaining traction with its venture into overseas markets.

Getthiss Marketplace allows people to buy and sell a wide variety of goods, products and services across different categories such as real estate, automotive, careers, business products and services. Besides selling and buying products, one can also make bill payment and prepaid reload with trusted merchants on the platform.

Getthiss Innovation Sdn Bhd general manager Leon Tan said the company sees huge potential in the China market.

“We’ve very good response from the merchants. We’ve started to establish abroad in Thailand and Indonesia, very soon we’re going to China for the halal market. We’re confident to grab a share in this halal market. We’re going to introduce Jakim halal in China as it is recognised worldwide. Slowly we’ll build up the halal food collaboration with China.”

Tan said currently the company’s revenue mainly comes from the advertising platform.

“We have our mini website to help cottage industries to establish and sell their products. This is also what we’re active in.”

For Ezytronic Sdn Bhd, its winning product, Salesmaxx, has helped small firms to better manage their customer base.

Salesmaxx is an integrated sales performance monitoring system with live dashboard viewing capabilities. It enables users to track, monitor, identify gaps and train directions in the sales team.

Ezytronic sales director Jerry Ooi said Salesmaxx is tasked to increase sales team efficiency with minimum resources but with maximum returns. Currently the system has over 50 customers in Malaysia.

Ezytronic, which was established nine years ago, is targeting to list on the Ace Market of Bursa Malaysia by 2020. It registers over RM20 million in revenue per year.

Ooi said the company launched the software business three years ago and it plans to the overseas markets going forward.

“Majority of the enterprise solutions system is catered for large corporations, and SMEs do not have such system. We design this to suit their culture with affordable prices.”


Telco sector neutral, TM and Axiata merger still likely

PETALING JAYA: The telecommunication sector which is expected to stay “neutral”amid expectations of intensifying competition and mounting price pressure, has left AmInvestment Research still banking on the Axiata Group Bhd and Telekom Malaysia Bhd (TM) merger to set the tone for an industry consolidation which the research house deems as the logical route forward.

News of a possible merger between the two emerged some nine months ago, however both companies denied news of a reunion after a de-merger in 2008.

The merger of Axiata-TM is seen as complementary with Axiata’s mobile services integrating with TM’s fixed-line operations, enabling it to draw in share from players such as Maxis Bhd, Digi.com Bhd and U Mobile, on top of recognising earning gains due to cost effectiveness.

“Assuming a 10% cost reduction would mean substantial annual savings of RM2.1 billion, or 3% of the combined group’s market capitalisation,” Aminvestment said.

On another note, risks from new spectrum offering is tapering off with extensions to spectrum assignments by the Malaysian Communications and Multimedia Commission (MCMC).

“The huge capital expenditure speculated earlier on spectrum costs appear to be declining as the 2600MHz spectrum, used for 4G connectivity, which expired on December 2017 has been extended to December 2019. Also, we understand that MCMC may be extending the 2100MHz band, used for 3G deployment under the spectrum assignment structure, from March 2018 until 2034,” the report read.

On the broadband front, competition is expected to grow with the entrance of Broadnet Network, a second fixed broadband network player.

Pressure is expected to set in on price and speed with Broadnet hitching on Tenaga Nasional Bhd’s electricity transmission lines to drive the Nationwide Fiberisation Plan.

Also with the government having previously announced its intention to double fixed broadband speed and halve prices within two years, further pricing revision is expected this year.

Meanwhile, price wars between cellular service providers are expected to go on with no end in sight, as Digi.com Bhd and Celcom Axiata Bhd expected to up the ante against U Mobile Sdn Bhd and TM’s Webe affordable plans – giving out a weak revenue growth outlook in the near to medium term.

However, any significant organic revenue or margin growth improvement is seen as being unlikely over the next one year, with the global landscape for rapid data trajectory being driven by lower price plans and increasingly expensive capital expenditure (capex) rollouts to provide 4G capabilities, coverage and service quality.

Meanwhile, continuous revenue decline on the back of tight competition amid a decreasing subscriber base could warrant a de-rating.

As at the third quarter of 2017, total subscribers fell by 3.5 million or 12% since the first quarter of 2015, which came almost entirely from the prepaid segment.

About 73% of the loss came from Celcom and the balance from Maxis while Digi managed to recover some lost ground. Nevertheless, ARPU was relatively resilient since the first quarter of 2016 although upside growth was restricted by the price-sensitive market.

Axiata and TM are the top stock picks, given its game-changing merger prospects.

Meanwhile, Maxis and Digi earned “hold” calls due to lack of traction in revenue growth amid potential loss in competitive advantage under a re-energised Axiata-TM brand.


MPay to form newco for PJBC deal

PETALING JAYA: Managepay Systems Bhd (MPay) will incorporate a new company (newco) to undertake the corporate exercise involving NVBA Petaling Jaya BC Sdn Bhd (PJBC) after the shares sale agreement (SSA) for the acquisition of shares in PJBC fell through.

In March 2017, MPay had proposed to acquire a 24% stake or 120,000 shares in PJBC for RM155,000 cash. MPay then subscribed for 450,000 shares in PJBC at a cash consideration of RM450,000. After the completion of the exercise, PJBC was to have become a 60% subsidiary of MPay.

The principal activities of PJBC are sports facilities management, badminton coaching, organising badminton competitions and other related services.

MPay said in view of the conditions of the SSA that could not be fulfilled, the company had on Dec 29, 2017 issued a letter of settlement to the vendors, which they accepted.

Under the arrangement, PJBC agrees to assign all its existing and future rights and/or goodwill in PJBC to newco. All the PJBC’s activities and dealings will be deemed to be carried out for and on behalf of the newco upon execution of the letter of settlement and until the incorporation of the newco.

PJBC will be responsible for any losses or liabilities incurred on and before the incorporation of the newco; and it will continue to undertake all the responsibilities and obligation under the SSA where applicable.

The consideration of RM450,000 paid for the subscription of additional shares in PJBC will be refunded to the company.

“The arrangement is not expected to have any material effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholders’ shareholding of the company and its subsidiaries for the financial year ended Dec 31, 2017,” MPay said.

The arrangement is not subject to approval of the shareholders of MPay and any relevant government authorities.

MPay closed up 6.67% at 24 sen with 14.43 million shares traded.


My E.G Services Bhd launches employer-foreign worker matching service

PETALING JAYA: My EG Services Bhd’s which has rechristened its wholly owned subsidiary Ipidato Dot Com Sdn Bhd to My E.G Jobs Sdn. Bhd, will also be providing a job matching and placement service to match Malaysian employers with foreign workers.

The group’s board of directors said in a Bursa Malaysia filing said that it has launched the new service which will be undertaken by My E.G Jobs on January 3.

“This service complements the company’s other existing foreign worker-related services, including the online renewal of work permits and the rehiring programme as well as the respective online renewal of foreign worker insurance,” the board said.

It said that the name change of the subsidiary which came into effect on December 29, 2017 upon the receipt of the Notice of Registration of New Name from the companies commission, “better reflects” the unit’s services.

The board is of the opinion that My E.G Jobs is in the best interest of MYE.G and is expected to contribute positively to the group’s prospects.

My E.G's shares gained 10.31% to close at RM2.46 with some 52.72 million shares done.


Britain’s open to foreign investment, trade minister Fox tells China

BEIJING, Jan 3 — British trade minister Liam Fox said today that London would continue to welcome foreign investment, after a US panel rejected a Chinese acquisition of a US money transfer company on national security concerns. Fox was on a…


Ringgit ends higher as dollar demand weakens

KUALA LUMPUR, Jan 3 — The ringgit pared its earlier losses to close higher against the US dollar for the second consecutive day this week as investors risk appetite for the local currency remained favourable amid the weakening of the greenback….


Perodua aims to increase share to tiv by three to four pct

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is confident of increasing its share of the Malaysian Total Industry Volume (TIV) by to three to four per cent this year following the launch of the new Myvi. Chief executive officer and president, Datuk Dr Aminar Rashid Salleh said the outlook for 2018 was backed by […]


Ringgit ends higher for second consecutive day

KUALA LUMPUR: The ringgit pared its earlier losses to close higher against the US dollar for the second consecutive day this week as investors risk appetite for the local currency remained favourable amid the weakening of the greenback.

Amid the demand for Asian currencies, the local note closed the day at 4.0130/0180 from yesterday's 4.0180/0210 versus the US dollar.

Malaysian Association of Technical Analysts president Nik Ihsan Raja Abdullah said the ringgit bucked the performance of emerging currencies, taking advantage of the weaker dollar, and ahead of the US Federal Reserve's December policy meeting minutes, scheduled to be released later today.

The minutes are expected to provide a clue on US fiscal policies for 2018 which could potentially renew interest in the greenback. This could lend support for the greenback which can cause capital outflows from emerging markets.

Meanwhile, the ringgit firmed against a basket of major currencies.

It climbed against the Singapore dollar to 3.191/0240 from 3.0245/0281 on Tuesday and rebounded vis-a-vis the yen at 3.5735/5782 from 3.5912/5968 yesterday.

The local unit appreciated against the euro to 4.8304/8373 from 4.8493/8596 yesterday but slipped versus the British pound to 5.4513/4593 from 5.4432/4489 on Tuesday. — Bernama


Prince Harry’s wedding to Meghan Markle ‘set to boost UK economy’

LONDON, Jan 3 — Prince Harry’s wedding to American actress Meghan Markle could provide a £500 million (RM2.7 billion) boost to Britain’s economy as tourists flock to the country and Britons celebrate, according to an estimate. Harry,…