not vested
Trading Buy: REVENUE - 0200
(Last price: RM1.25, Potential upside +25.6%)
Company Profile
Revenue (listed on 28 Jul 2018) is a cashless payment solutions provider. It offers a wide range of technology-led multi-channel payment solutions to its customers.
Its products and services can be divided into three segments, namely:-
1) deployment of Electronic Data Capture (EDC) terminals
2) electronic transaction processing (ETP) and
3) solutions and services related to payments infrastructure.
Trading Catalyst
After registering a commendable 3QFY6/19 results, REVENUE is expected to experience multiyear of growth with a strong 28% FY19-21 EPS CAGR amid
(i) robust growth in EDC terminals;
(ii) regulatory push to drive e-payment adoption;
(iii) riding on the increasing e-wallet trend; and
(iv) beneficiary of China cross-border e-commerce trend.
Overall, REVENUE is a rare proxy to robust domestic e-payment industry and near-term catalyst is the potential transfer of listing status to main board.
Technically, the stock is poised for a downtrend resistance breakout soon, to lift prices higher towards RM1.32-1.57 in the mid to long-term.
Technical View
Resistance: RM1.32 / RM1.42 / RM1.57
Support: RM1.20 / RM1.16
Cut loss: RM1.13
Key Financial Stats
Trading at 19.2x FY21E P/E, supported by a strong 28% FY19-21 EPS CAGR
Source: HLIB