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楼主: xzm

【EFORCE 0065 交流专区】力扬科技

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发表于 20-4-2008 04:22 PM | 显示全部楼层
原帖由 c56733 于 20-4-2008 03:38 PM 发表
假如没有不利的原因,单纯以业绩报表与客户群做比较,
我觉得EForce是一只值得留意的股项。
因为网上交易现在才刚起步,空间还很大。。。


嗯,周边发展中国家的股市也正在萌芽,她与bursa不一样的是可以把生意做到别的股市去
不过她可有 利基 niche?
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发表于 20-4-2008 04:45 PM | 显示全部楼层
原帖由 Mr.Business 于 20-4-2008 03:00 PM 发表
我对她没有研究,不过我对Meadaq股没信心,也对一年的revenue才RM10多 million的公司没信心。

但无可否认确实股价很可能开翻的股票。。。看看那些后来升上主板的
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发表于 20-4-2008 05:01 PM | 显示全部楼层
如果我要研究Excel Force的话,

1. 研究她的IPO文件和过去年报和文告,了解她的历史,产品和业绩。
她的市场能不能扩大?为什么客户会选择她的产品?产品可有竞争优势?大股东的持股多少,有逐渐减少当中吗?

2. 研究她的管理层的效率如何?有诚信吗?

3. 她的竞争者有谁?谁的能力比较强?需要研究N2N的资料。。。

4. Excel Force的产品是不可替代的吗?市场能越做越大吗?
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发表于 20-4-2008 05:04 PM | 显示全部楼层
新闻。

Friday October 13, 2006

Excel Force aims for dominance
BY C.S. TAN

PETALING JAYA: Excel Force MSC Bhd, a provider of stockbroking solutions for banks, has business aspirations that others aim for but which few can achieve – it seeks market dominance.

In the 1990s, when large digital boards displaying real-time share prices were common in public galleries of stock broking houses, Excel Force had a share of about 90% of that market.


Jeff Wang

That was the most visible part of its business. Now, the more visible part is the share prices you see on the screen of your personal computer or mobile phone.

The Mesdaq Market company has long been involved in providing information technology (IT) solutions to the stockbroking and banking sectors.

Thus, when banks were given exempt dealer status that enabled them to engage in stockbroking, and then they wanted to operate internet-based trading, Excel Force offered its expertise to them and they bought it.

Currently, six of the nine local anchor banks have signed up for Excel Force's hardware and software packages. “We have more than 50% market share,” managing director Jeff Wang told StarBiz recently. As displays of share prices move from digital boards to personal computer screens, Excel Force retains its dominance.

The company's current product is an integrated retail system that manages trading, share margin financing and custodian services, as well as provide real-time feed of share prices to the banks and their branches.

Excel Force's clients are Public Bank, EON Bank, RHB Bank, Hong Leong Bank and Maybank, according to a brokerage report.

The Internet trading systems at two of these banks have gone “live” for some time, while two other banks did that just last month. Its fifth client will go “live” next month.

The sixth bank, its latest customer, will be able to handle trade through the Internet by the end of the year, or early next year.

With these banking clients, Excel Force's sales would have risen sharply this year, but the company has changed its pricing model to that of revenue-sharing with its clients rather than making outright sales of software products to them.

Hence, most of the company's products were sold to the banks on a brokerage revenue-sharing basis.

Excel Force's recurring revenue should therefore rise strongly in its next financial year as three new bank clients have just started or will soon start using its trading system, compared with revenue from only one client this year.

“We have created very stable income for next year,” Wang said, adding that recurring revenue could increase to about 70% of the company's total revenue from about 50% this year.

He said this was also a good model for clients. “They don't have to pay for any software or hardware. That's all borne by the vendor (Excel Force),” he added.

Its price is usually a combination of fixed and variable charges and the mix varies with each client. The fixed price helps to cover Excel Force's business costs while it seeks to secure a profit from the variable charges.

The variable revenue would, however, vary with the level of trading activity in the stock market.

In addition to this, Excel Force has a trading system that allows banks to provide a service for their customers to trade through their mobile phones and the company has implemented this for two banks.

On the future outlook, Wang expects more excitement next year and in 2008. “We will roll out our third generation trading system – a multi-product, multi-market system – in the third quarter of next year,” he said.

This product will be pitched to brokers in Thailand where Excel Force has installed a trading system for the largest brokerage there.

The product, which will serve remisiers and dealers, will also be marketed to brokerages in Malaysia when Bursa is expected to open its supply to open tender towards the end of next year.

Internet trading through notebooks and mobile phone, will catch on in Asean countries and Excel Force plans to cash in on this trend.

Wang, a Taiwanese, has seen this future unfold in Taiwan, where 76% of all trading in the stock market is done through the internet.

http://biz.thestar.com.my/news/s ... 622579&sec=business

[ 本帖最后由 Mr.Business 于 20-4-2008 05:05 PM 编辑 ]
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发表于 20-4-2008 05:07 PM | 显示全部楼层

回复 23# Mr.Business 的帖子

如果Mr. Business有空的话,
还请你做做你EForce的研究
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发表于 20-4-2008 05:08 PM | 显示全部楼层
新闻。

Monday February 25, 2008

Excel Force to firm up SEA ops before targeting China
By LOONG TSE MIN

MESDAQ-LISTED Excel Force MSC Bhd, which dominates the Malaysian stock trading software market with about 70% share, aims to consolidate its position in South-East Asia before making a bid for China.

Founder and managing director Jeff Wang said that as a first step in its regional expansion, the company signed a software purchase and licence agreement worth more than US$1mil with An Binh Securities Joint Stock Company (ABS) in Vietnam on Nov 26.

With the agreement, Excel Force is delivering on its promise to shareholders in early 2007 that it would expand regionally.

Wang, a Taiwanese national, said the company would focus on Vietnam and Singapore before looking at other markets.

Excel Force, with its links to various brokerages in Malaysia, Vietnam and Thailand, could provide a wide range of software and information products to clients that many other software suppliers could not, Wang said.

For the ABS contract, Excel Force beat three other vendors. It was a major achievement for the company, especially as it was up against competitors from countries such as South Korea, Singapore, and Taiwan.

After spending more than a year exploring the Vietnamese market and having various negotiations, Excel Force had finally secured its first client, ABS, Wang confided.

ABS is a brokerage set up with the backing of a non-banking conglomerate in Vietnam just a little over a year ago. The contract was a significant breakthrough for Excel Force as the An Binh group is led by one of the richest businessmen in Vietnam, Vu Van Tien, and it was making its first foray into financial services.

ABS has about 3% of the Vietnamese market with 10,000 trading accounts out of an estimated 300,000 total accounts in the country.

In terms of trading volume, the broker has about 5% share of the market.

In addition to the agreement signed, Excel Force is likely to see another contract, for phase two of the project, from An Binh Securities worth about US$500,000.

An Binh Securities acting chief executive officer Nguyen Hoai Anh told reporters that the most important criteria for its choice was Excel Force's ability to provide a complete system, including front-end, back-end and middle-office, in a “straight-through-process” approach.

“Some other systems cannot do that,” he said.

Another factor was the close match between the characteristics of the Malaysian and Taiwanese markets with Vietnam's.

“The similarities of these markets make this an easy choice,” Anh said.

Vietnam's capital markets were still in its infancy but were growing quickly.

The number of listed companies has grown to 206 with a market capitalisation of US$22bil, or 32.4% of gross domestic product (GDP), as of September 2007.

This is compared with 41counters with a market capitalisation of less than US$1bil at 1.2% of GDP at the end of 2005.

Excel Force is also now in talks with six other stock broking firms in Vietnam. It had a tender-securing success rate of about 50%, Wang said.

However, that success rate would be based on the company's track record in Malaysia and Thailand.

Each contract with the Vietnamese stock broking firms would be worth in the region of US$1mil, Wang said.

There are two stock exchanges in Vietnam, located in Ho Chi Minh City and Hanoi.

Of the two, Ho Chi Minh City Stock Exchange is the larger one with more than 100 counters listed and, at US$124.7mil average trading per day, has three times the volume of Hanoi's.

Among the clients of Excel Force in Malaysia are Malayan Banking Bhd, Alliance Bank, Hong Leong Bank, RHB Investment Bank, Public Investment Bank, ECMLibra Avenue, Aseambankers and HLG Securities.

http://biz.thestar.com.my/news/s ... 23&sec=business
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发表于 20-4-2008 05:10 PM | 显示全部楼层
新闻。

Online trading accounts for up to 90 percent of orders

Online stock trading is becoming increasingly popular with investors, says Dao Van Khanh, an analyst with Agribank Securities, with online orders accounting for up to 90 percent of total orders received by some brokerage houses.

“The main reason for the new trend is the convenience that online trading brings to investors, saving time and allowing for fast trading,” Khanh said.

The system is more foolproof, as well, allowing orders to be translated to the stock exchanges central system with errors, Le Hai Tra, deputy director of the Ho Chi Minh City Stock Exchange.

“The securities firms themselves are trying to complete the technological infrastructure by making deals with leading IT and solution nationally and regionally. The attempt is clearly good both for the firms and for the future development of the market,” Tra said.

Under a deal inked on November 26, Malaysia’s Excel Force MSC Berhad will provide core securities solution to An Binh Securities Co that will allow clients to manage investment portfolios by internet or mobile phone.

“Once the Ho Chi Minh City Stock Exchange decided to apply remote trading, the technology development is essential for securities companies,” said An Binh Securities CEO Nguyen Hoai Anh.

Anh also noted the harsh competition among stock brokerages.

“And in my opinion,” he said, “the advantage in technology will help us pass our competition,”

The deal with Excel Force would also help the firm access international financial markets, as well to list shares on world stock exchanges in the future, said Excel Force managing director Jeff K C Wang.

http://english.vietnamnet.vn/biz/2007/11/757045/
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发表于 20-4-2008 05:21 PM | 显示全部楼层
找到Excel Force的大老板的联络方式:

Contact: Jeff Wang Kuen Chung
Phone: +603 76600588
Email: jeffwang@excelforce.com.my
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发表于 20-4-2008 05:23 PM | 显示全部楼层
原帖由 c56733 于 20-4-2008 05:07 PM 发表
如果Mr. Business有空的话,
还请你做做你EForce的研究


这里很多人是做IT的,可以问问他们的看法,例如8年兄。
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 楼主| 发表于 20-4-2008 05:30 PM | 显示全部楼层
原帖由 Mr.Business 于 20-4-2008 04:06 PM 发表


AS似乎是application solutions。


拍写。。搞错。。已经更改。。
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 楼主| 发表于 20-4-2008 06:00 PM | 显示全部楼层
原帖由 Mr.Business 于 20-4-2008 05:01 PM 发表
如果我要研究Excel Force的话,

1. 研究她的IPO文件和过去年报和文告,了解她的历史,产品和业绩。
她的市场能不能扩大?为什么客户会选择她的产品?产品可有竞争优势?大股东的持股多少,有逐渐减少当中吗?

...


恩,这些问题都值得探讨。

由于这类产品要投入大量的R&D成本,一般来说(至少在本地),暂时很难有其他公司能打入这个市场。要不然本地早就出现很多家提供此类系统的公司了。而且,我也相信Excel Force的系统必有其过人之处,否则前年/去年Maybank就不会抛弃原本的系统,而改用Excel Force的系统了。

当然,能不能继续保持优势,还很难说。当年yahoo纵横搜索市场,后来还是让google给击败了。但也不排除它可能像Oracle一样,面对众多其他database系统的挑战,还能屹立不倒。
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发表于 20-4-2008 09:06 PM | 显示全部楼层
他的问题应该是小股东太少。

The Company had on 11 January 2008 announced that the Company's public shareholding spread
according to the Record of Depositors of EFMB as at 31 December 2007 was 49.56% in the hands
of 510 public shareholders holding not less than 100 shares each. The Company had complied
with the minimum public spread of 25% but did not meet the minimum of 1,000 public
shareholders holding not less than 100 shares each. Bursa Securities had vide its letter
dated 25 January 2008 granted the Company an extension of time of six (6) months from 2
January 2008 until 1 July 2008 to comply with the Required Public Shareholding Spread。

http://announcements.bursamalaysia.com/EDMS/AnnWeb.nsf/LsvAllByID/482568AD00295D07482573FD00
328D6A?OpenDocument
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发表于 20-4-2008 09:16 PM | 显示全部楼层

回复 32# w387 的帖子

小股东太少有什么问题呢?抄起来才方便呢。。。
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发表于 20-4-2008 09:22 PM | 显示全部楼层
据我所知,N2N即将有新的系统出现。目前在最后的测试阶段当中。
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发表于 20-4-2008 09:36 PM | 显示全部楼层
wow,期待N2N新作能出现在cimb和apex上,现在的N2N实在没什么优势的说。

eforce成了首选。
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发表于 20-4-2008 09:51 PM | 显示全部楼层
会是N2N新系统太强吗?股东提前抛售eforce股票?

eforce 不象抄股,最近大跌有点奇怪。想要买一些却不敢。
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发表于 20-4-2008 10:05 PM | 显示全部楼层

回复 35# 湖俊 的帖子

N2N系统烂到没人有.........

使用EXFORCE........胜算提高50%....

不是骗人的哦........
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发表于 20-4-2008 10:09 PM | 显示全部楼层
原帖由 xzm 于 20-4-2008 01:01 PM 发表
有啊。
(以下省略)


嗯嗯,
正在下载中,
感激不尽。
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发表于 20-4-2008 10:13 PM | 显示全部楼层
原帖由 publicpang 于 20-4-2008 22:05 发表
N2N系统烂到没人有.........

使用EXFORCE........胜算提高50%....

不是骗人的哦........


是啊,function不多,够简陋。
eforce我用pbbank的,评语:Good!
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发表于 20-4-2008 10:18 PM | 显示全部楼层
有点奇怪,如果没问题,产品顶呱呱,为何股票在两个星期内跌20%???
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