GHLSYS

GHLSYS is a company which provides integrated end-to-end payment solutions encompassing physical and virtual payments on sale and rental basis, including Electronic Data Capture (EDC) terminals compliant to the Europay-Mastercard-Visa (EMV) platform, contactless readers, network access routers, and online payment gateways (Source: http://www.ghl.com/overview/).  GHLSYS, a leading payment solutions provider has recently appeared on the news.

From what I understand, GHLSYS's profit mainly comes from its transaction payment acquisition (TPA) division, which comprises two components — providing telecommunications companies (telcos) with prepaid top-up facility and bill collection services through electronic payment.

GHL's coming revenue is promising as out of 40 million telco subscribers, 80% are prepaid top-up users out of which almost two-thirds are still using scratch cards for mobile top-ups. WOW! I am convinced! 80% of 40 millions is 32 millions and 60% of that is close to 20 millions! I believe, if given time, e-pay will replace the traditional way of paying using cash.

I bought at 0.85 support last year and did not cutloss when it broke - I was less worried about this counter as it is a net cash company. After waiting for several months, finally I got my 10% paper gain. Still holding - immediate resistance is at 0.945 or 0.95, next 200MA at 0.985 at which I may sell to take profit as I am not convinced with this current hot market.