Moneymax Financial Services *Official* (SGX: 5WJ)

Luminol

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From the balloting results table, it seems that the more lots you bid, the less chance you will get any.

Next time just use papa/mama/korkor/zehzeh account bid 1 lot each. Probability is 4*14% = 56%. :s13:

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popdod

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tis kind only economic downturn then can start to buy.
now economic good good...buy for wat?

More good years ahead!

:s12: :( :s12:
 

Shion

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zzxiaoboizz

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MONEYMAX FINANCIAL SERVICES LTD. ENTERS INTO JOINT VENTURE TO ESTABLISH B2B ONLINE AUCTION PLATFORMFOR LUXURY BRANDED MERCHANDISE, GOLD AND DIAMOND GOODS

http://infopub.sgx.com/FileOpen/MMF...tion site.ashx?App=Announcement&FileID=471502

MoneyMax partners Japan’s leading B2B internet auctioncompany to pioneer Singapore’s LIVE e-auction site

http://infopub.sgx.com/FileOpen/Pre...tion site.ashx?App=Announcement&FileID=471503

not sure how profitable auction is when ppl can do it on fb live..........
 

Shion

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MoneyMax says 3Q earnings up 6% to $1.8 mil on higher revenue

MoneyMax says 3Q earnings up 6% to $1.8 mil on higher revenue

https://www.theedgesingapore.com/moneymax-says-3q-earnings-6-18-mil-higher-revenue

SINGAPORE (Nov 8): Pawnbroking chain MoneyMax Financial Services saw 3Q ended September earnings grow 6% to $1.8 million from $1.7 million a year ago.

Revenue increased by 22.3% to $38.7 million in 3Q17, from $31.7 million a year ago. This was due to an increase in revenue from both the pawnbroking and the retail and trading of pre-owned items segments.

The higher revenue was partially offset by an increase in expenses.

Material costs rose 26.3% to $27.2 million, in line with the increase in revenue.

Employee benefits expenses rose 19.6% to $3.5 million, due to the increased headcount arising from the expansion of the group’s operations in Singapore and Malaysia.

Other expenses grew 18.4% to $3.7 million on the back of an increase in advertising and promotional expenses, and an increase in rental and other related costs for relocation and refurbishment of existing outlets.

As at end September, cash and cash equivalents stood at a deficit of $1.1 million, after taking into account bank overdrafts amounting to $8.6 million.

Looking ahead, the group says it will continue to invest in brand building efforts to establish a strong market presence amid stiff market competition.

It is looking to build on positive growth momentum and continue to enlarge its network in Malaysia, as well as keeping an eye out for new opportunities in and outside Singapore to generate new revenue streams and deliver sustainable growth.

Shares of MoneyMax last closed at 17.4 cents on Oct 31.
 

Jupiter2017

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http://www.businesstimes.com.sg/sto...e-delfi-isec-healthcare-golden-agri-resources
Stocks to watch: MoneyMax, Noble, Delfi, ISEC Healthcare, Golden Agri-Resources
Tue, Nov 14, 2017 - 8:48 AM Anita Gabriel anitag@sph.com.sg

STOCKS to look out for on Tuesday morning trading include MoneyMax, Noble, Delfi, ISEC Healthcare and Golden Agri-Resources.
MoneyMax Financial Services: MoneyMax Financial Services said it plans to acquire interests in 13 entities that carry out pawn broking business in Malaysia for RM56.6 million (S$18.3 million). The proposed acquisitions will provide the group with a good opportunity to expand its geographical network of pawn broking operations in Malaysia, said the Singapore-listed firm. It plans to fund the acquisitions through internal resources.
……
http://www.businesstimes.com.sg/sto...e-delfi-isec-healthcare-golden-agri-resources


** price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5WJ.SI
 

Jupiter2017

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http://www.businesstimes.com.sg/com...kes-in-13-pawn-brokers-in-malaysia-for-rm566m
MoneyMax to buy stakes in 13 pawn brokers in Malaysia for RM56.6m
Tue, Nov 14, 2017 - 9:51 AM Rachel Mui rachmui@sph.com.sg

CATALIST-LISTED MoneyMax Financial Services said on Tuesday its wholly owned subsidiary, Cash Online Sdn Bhd has entered into an agreement with CMS Top Holdings Sdn Bhd and four individuals to purchase interests in 13 pawn brokers in Malaysia for RM56.6 million (S$18.3 million) in cash. It plans to fund the acquisitions through internal resources.
This will provide the group with a good opportunity to expand its geographical network of pawn broking operations in Malaysia, the group said.
While the four individuals were not named, the group said that they were "not related to the directors or controlling stakeholders of the company".
Completion of the proposed acquisition is conditional upon MoneyMax being satisfied with the outcome of the valuation of the unredeemed pledges in the target companies, and approval from the relevant authorities.
For the 12 months ended Dec 31, 2016, aggregate net loss of the targets was about RM1.02 million, and net tangible assets was approximately RM50.1 million.
Assuming that the proposed acquisition has been effected as at Jan 1, 2016, financial effects of the deal on the earnings per share of the group is not material, the group said on Tuesday.
Separately, Chong Mei Sang - who in 2014 established a joint venture with MoneyMax to carry on the business of pawn broking in Malaysia - has entered into a sale and purchase agreement with CMS Top Holdings and three individuals to acquire about 1.96 million shares each in the capital of the target companies, including Pajak Gadai Bukit Gambir Sdn Bhd and Pajak Gadai Senai Sdn Bhd.
MoneyMax is a pawnbroker, retailer and trader in pre-owned jewellery, watches and branded goods.

** price link: http://www.shareinvestor.com/fundamental/factsheet.html?counter=5WJ.SI
 

Shion

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MoneyMax CFO resigns after a year

MoneyMax CFO resigns after a year

https://www.straitstimes.com/business/companies-markets/moneymax-cfo-resigns-after-a-year

SINGAPORE - The chief financial officer (CFO) of MoneyMax Financial Services, Wee Sung Leng, has resigned to pursue other interests.

His resignation will be effective June 6, the Catalist-listed pawnbroker said in a bourse filing on Monday night (June 30.

Mr Wee, 53, was appointed to the role of CFO in May last year. He oversaw the accounting and finance functions of MoneyMax.

MoneyMax said that its sponsor, United Overseas Bank (UOB), has interviewed Mr Wee and is satisfied that there are no other material reasons for his resignation.

The company is in the process of finding a replacement for the position and will announce it when they find a suitable candidate.

Covering the CFO duties in the interim will be Lee Su Yi, the company's assistant financial controller. Ms Lee is a chartered accountant and a member of the Institute of Singapore Chartered Accountants.

Shares of MoneyMax closed flat at 14.5 cents on Monday.
 
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