Hong Leong Investment Bank (HLIB) Research sees robust growth prospects for Green Packet Bhd with its four new synergistic business pillars.
It also noted that Webe Digital Sdn Bhd (webe) has ceased to be an associate and Green Packet will no longer be required to equity account the share of net loss.
Green Packet’s stake in webe has been reduced to 13.3% on a fully diluted basis after few rounds of capital injections,
“With the closure of this chapter, Green Packet is still supported by two existing profitable businesses while embarking on two new synergistic businesses to widen and strengthen its connectivity solution offerings.
“With the new synergistic four pillar business structure, there is an exciting journey ahead of Green Packet which may be worth for a second chance,” it said in a note on Friday.
Excluding webe, Green Packet’s existing businesses are profitable, it added.
The four pillars are Hardware/Solution, Communications, Internet of Things, and the E-services Platform.
The report was non-rated and had a target price of RM0.34.
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It also noted that Webe Digital Sdn Bhd (webe) has ceased to be an associate and Green Packet will no longer be required to equity account the share of net loss.
Green Packet’s stake in webe has been reduced to 13.3% on a fully diluted basis after few rounds of capital injections,
“With the closure of this chapter, Green Packet is still supported by two existing profitable businesses while embarking on two new synergistic businesses to widen and strengthen its connectivity solution offerings.
“With the new synergistic four pillar business structure, there is an exciting journey ahead of Green Packet which may be worth for a second chance,” it said in a note on Friday.
Excluding webe, Green Packet’s existing businesses are profitable, it added.
The four pillars are Hardware/Solution, Communications, Internet of Things, and the E-services Platform.
The report was non-rated and had a target price of RM0.34.
Click here for Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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