Post Reply
21-40 of 56
Credit Bureau Asia' s venture into Vietnam gets it a thumbs up from CGS-CIMB
CGS-CIMB Research Securities is maintaining its " add" call and target price of $1.53 on Credit Bureau Asia (CBA).This is believed to give the counter a 17.5% upside from its current $1.30 price, analysts Andrea Choong and Darren Ong write in an Aug 2 note.
Their move follows the credit and risk information solutions provider' s announcement of a joint venture with FiinGroup JSC.
As part of this, the company will provide analytics and data solutions to financial institutions, credit granting agencies, payment services agencies and other data companies in Vietnam.
CBA' s expansion into Vietnam " continues its streak of establishing new opportunities," say Choong and Ong.
The company was, in June, designated as the new operator of the Moneylenders Credit Bureau (MLCB), a central repository of data on borrowers' loans and repayment records with all licensed moneylenders in Singapore.
CBA hopes to incorporate these data points into its broader financial institution data business to create cross-selling opportunities, notes Choong and Ong.
For now, the duo estimate revenue contributions from MLCB to be relatively small.
Meanwhile, the group' s operations in Myanmar remain sluggish, following its launch in 1Q2021. So far, 30 financial institutions have signed up as members, but their on boarding process has been disrupted by the political instability there.
Going forward Choong and Ong expect CBA' s PATMI (profits after taxes minus interest) to come in at $4.7 million in 1H2021 ended June.
This is up 17% y-o-y (on PATMI adjusted for listing expenses), and is supported by sustained volumes of bulk risk reviews and a pickup in new credit applications, the analysts explain.
The group' s results are expected after trading hours on Aug 5.
Shares in CBA closed flat at $1.35 on Aug 3.
Credit Bureau Asia to enter Vietnam with financial data provider FiinGroup
MAINBOARD-LISTED Credit Bureau Asia CreditBureauAsia: TCU +0.78% (CBA) has signed a memorandum of understanding to enter Vietnam in partnership with Hanoi-headquartered financial data provider FiinGroup, the company announced in a Monday bourse filing.
Under the agreement, both companies will form a joint venture in Vietnam to provide analytics and data solutions to financial institutions, credit granting agencies, payment services agencies and other data companies. The partnership will also support the data analytics capabilities Buy Now, Pay Later players and mass market services such as telcos.
Both companies will further explore establishing a private credit bureau, with traditional and alternative data points, to support credit-granting institutions by end-2021.
" We have been monitoring the growing Vietnam economy for a while and find that now is an opportune time to enter this exciting market with our strong local partner FiinGroup," said Kevin Koo, founder and executive chairman of CBA, which provides credit and risk information solutions.
Founded in 2008, FiinGroup has been licensed by the Vietnam Ministry of Finance to operate as a credit rating agency from March 2020. Japan' s Nikkei Inc and Quick Corp together own 35.1 per cent of the group' s equity. It has over 100 staff, including data, business and risk analysts, and IT engineers. It also has a branch in Ho Chi Minh City.
" We see potential opportunities for growth in the analytics and data solutions space and a partnership approach with an experienced industry player with track record and know-how is a good way forward to capture significant market share quickly," said FiinGroup chairman and CEO Nguyen Quang Thuan.
Credit Bureau Asia to enter Vietnam with financial data provider FiinGroup
Mainboard-listed Credit Bureau Asia (CBA) has signed a memorandum of understanding to enter Vietnam in partnership with Hanoi-headquartered financial data provider FiinGroup, the company announced in a Monday bourse filing.Under the agreement, both companies will form a joint venture in Vietnam to provide analytics and data solutions to financial institutions, credit granting agencies, payment services agencies and other data companies. The partnership will also support the data analytics capabilities Buy Now, Pay Later players and mass market services such as telcos.
Both companies will further explore establishing a private credit bureau, with traditional and alternative data points, to support credit-granting institutions by end-2021.
" We have been monitoring the growing Vietnam economy for a while and find that now is an opportune time to enter this exciting market with our strong local partner FiinGroup," said Kevin Koo, founder and executive chairman of CBA, which provides credit and risk information solutions.
Founded in 2008, FiinGroup has been licensed by the Vietnam Ministry of Finance to operate as a credit rating agency from March 2020. Japan' s Nikkei Inc and Quick Corp together own 35.1 per cent of the group' s equity. It has over 100 staff, including data, business and risk analysts, and IT engineers. It also has a branch in Ho Chi Minh City.
" We see potential opportunities for growth in the analytics and data solutions space and a partnership approach with an experienced industry player with track record and know-how is a good way forward to capture significant market share quickly," said FiinGroup chairman and CEO Nguyen Quang Thuan.
Shares of CBA closed at S$1.30 on Monday, up 0.78 per cent.
Credit Bureau Asia and Credit Counselling Singapore to offer advice to financially distressed business owners
Mainboard-listed Credit Bureau Asia has, through its subsidiary, Dun & Bradstreet (Singapore), signed a strategic collaboration and exclusive partnership memorandum of understanding (MOU) with Credit Counselling Singapore (CCS) on July 8.
The partnership and collaboration are to help sole proprietors, partnership businesses and small- and medium enterprises (SMEs) in Singapore with their credit management.
It will address current gaps in the debt advisory and restructuring services among small and micro businesses in Singapore.
The MOU aims to promote awareness of CCS' s debt management programme and financial literacy education for business owners to users of Dun & Bradstreet services through joint marketing and public relations activities.
This is the first collaboration between Dun & Bradstreet and CCS.
" We are happy to be the exclusive partner to Credit Counselling Singapore (CCS) as we believe in their mission to help individuals and businesses with their credit management. Given the current Covid-19 situation, there has been an unprecedented rise in financial distress among businesses," says Kevin Koo, founder and executive chairman of Credit Bureau Asia.
" We will do what we can to promote CCS' Consumer and Business Debt restructuring program via our platforms so as to reach out to as many affected users as possible. We hope to educate the business community in proactive credit vigilance and raise the overall credit health profile of financially distressed businesses during these challenging times through our platforms," he says.
" We are delighted to embark on this exclusive partnership with Dun & Bradstreet Singapore. We believe we can help small and microbusiness owners who are facing financial distress or cashflow issues to take early remedial actions through our financial literacy programmes, debt advisory services and where applicable, facilitate their debt restructuring," says Ang Hao Yao, chairman of CCS.
" Dun & Bradstreet Singapore has a long track record in helping companies in decision-making with their rich database of business information. We are confident that this partnership will benefit sole proprietors and partnerships in particular, who lack the awareness of the recourse they have in managing loan obligations," adds Ang.
Shares in Credit Bureau Asia closed 1 cent lower or 0.8% down at $1.28 on July 8.
Credit Bureau Asia' s subsidiary to operate Moneylenders Credit Bureau
Credit Bureau (Singapore) (CBS), a subsidiary of mainboard-listed Credit Bureau Asia (CBA), has been designated as the new operator of the Moneylenders Credit Bureau (MLCB), CBA said on Wednesday.The designation was awarded to CBS by the Ministry of Law (MinLaw) after a " competitive tender process" and will commence on July 1. Existing services for licensed moneylenders and borrowers will not be affected, CBA noted.
The MLCB is a central data repository of borrowers' loans and repayment records with licensed moneylenders, set up in 2016. The information is used by licensed moneylenders in considering loan applications, and by borrowers to manage their loans and financial situation. Individuals can also register with the MLCB for self-exclusion, to voluntarily exclude themselves from applying for unsecured loans from licensed moneylenders.
The MLCB does not collect data on borrowers' bank credit facilities or bank deposit information, or make lending decisions on behalf of the moneylenders. The data in the repository is accessible by licensed moneylenders only for the purpose of loan assessment of borrowers, and borrowers can only access their own loan information reports. It is also used by MinLaw and the Registry of Moneylenders for regulatory purposes.
CBS will collaborate with the Credit Association of Singapore (CAS) and its members to promote financial literacy amongst the public and promote good borrowing habits and financial responsibility.
It will also work with the Registry of Moneylenders to increase security in the moneylending industry and guard against potential fraudulent scam activities through public education and regular industry engagements.
Said William Lim, executive director of CBS: " In addition to providing consumer and entity borrower credit reports, CBS has future plans to work with MinLaw and the Registry of Moneylenders to introduce value-added services such as credit monitoring services and industry data analysis reports for licensed moneylenders to improve competitiveness and maximise the efficiency of their services."
CAS president Peter Tan said the association is " elated and privileged" to work with CBS on the MLCB, adding: " It is heartening to note that CBS is very committed to the betterment of the moneylending industry and that plans to roll out value-added services are in the pipeline. This will indeed augur well for our collaboration."
on the move...
Meaning that after 18th June they included in index,the price won't go up?
Hector ( Date: 10-Jun-2021 15:42) Posted:
|
looks like it is edging up with more buyers and lesser seller.
Think, price and volume is stll low. Easy to control by BB and shoot up
DYODD still...
Think, price and volume is stll low. Easy to control by BB and shoot up
DYODD still...
so far those included in index will go up, as funds have to buy before the inception date
investment ( Date: 10-Jun-2021 14:52) Posted:
|
What the benefits for the company to be include in FTSE index?
Attract institute investors?.
Attract institute investors?.
anyone can confirm that CreditBureauAsia will be included in 2 FTSE small cap index on 18/6?
If so, most likely will shoot up?
If so, most likely will shoot up?
CGS-CIMB initiates Credit Bureau Asia at ' add' , S$1.53 target
CGS-CIMB has initiated coverage on Credit Bureau Asia (CBA) at " add" with a target price of S$1.53, citing its resilient business model.
In a report dated Tuesday, analysts from the broker said CBA' s value proposition lies in the need for credit information to assess counterparty risks across periods of economic growth and market uncertainty.
The analysts highlighted that CBA is Singapore' s market leader by revenue in the credit and risk information solutions.
They view CBA' s business model to be resilient across economic cycles, as a gauge of creditworthiness during periods of economic growth and to assess counterparty risk during cycle troughs.
For financial year ended December 2020, CBA' s revenue grew 7 per cent as stronger demand for review reports from financial institutions and commercial clients offset weaker loan applications volumes.
The analysts see high barriers of entry in the credit risk and information space. They note CBA' s subsidiary Credit Bureau (Singapore) Pte Ltd has an entrenched position in Singapore with its 18 years of history in the industry. Parties that wish to conduct a lending business are required by the Monetary Authority of Singapore to make enquiries with a credit bureau prior to commencing operations.
In Cambodia and Myanmar, the analysts highlighted that the joint ventures of CBA are the sole credit bureaus, allowing for first-mover advantages.
The analysts like CBA' s highly cash generative business, with minimal capital expenditure. They are projecting growth in earnings before interest, tax, depreciation and amortisation of between 8 per cent and 18 per cent over the next three financial years.
Will CBA affected by Myamar protest?
Credit Bureau Asia
On Feb 25, Credit Bureau Asia founder & executive chairman Koo Chiang acquired 1,070,200 shares of the company for a consideration of S$1,496,899.
At S$1.40 per share, this increased his direct interest in Credit Bureau Asia from 67.30 per cent to 67.80 per cent.
Since establishing the credit information business in Singapore in 1993, Mr Koo has been instrumental in the success and expansion of the group over the past two decades.
On Feb 24, Credit Bureau Asia reported that for its FY20 (ended Dec 31) the group achieved a net profit after tax of S$17.6 million and net profit after tax and minority interest (Patmi) of S$6.8 million.
Excluding the one-off IPO expenses of S$1.4 million, CBA would have registered a Patmi of S$8.2 million for FY20, an 11.1 per cent increase from FY19.
CBA is announcing their full year result this Friday. Hopefully got good result 😂
today spring to life.
gong xi fa cai
gong xi fa cai
Aung San Suu Kyi detained by army, will the political woes affect CBA ??
the S$27.0 million gross proceeds raised include
44.0 % on strategic investments, regional expansion and acquisitions
Hope there's announcement of acquisition
44.0 % on strategic investments, regional expansion and acquisitions
Hope there's announcement of acquisition
I might guess it right.....:) :)mmmmmmm
Yes, it will be... the way the BB eat up seems like there ll be another good annoucement soon:) :)
SmallSmall ( Date: 13-Jan-2021 09:34) Posted:
|