MoneyMax Financial Services

[CityFarmer]

The company share market price "normalising" back to its IPO price of 30 cents. At the moment, the market price is 33 cents as of 11am.

Will the other two listed pawnbrokers' announce similar performance?

(not vested)

[CityFarmer]

MoneyMax included in MSCI Singapore Micro Cap Index

MoneyMax Financial Services says it has been included in the listing of the MSCI Singapore Micro Cap Index.

MoneyMax is among the 19 companies added to the MSCI Singapore Micro Cap Index following an announcement by MSCI Inc. on the Semi-­Annual Index Review for the MSCI Equity Indices made on Nov 7.

MSCI Inc. is a leading investment guide to around 8,000 clients worldwide, offering investment support tools such as indices, portfolio risk, and performance analytics.

Peter Lim, MoneyMax’s Executive Chairman and Chief Executive Officer, says, “We are proud to be included in the MSCI Singapore Micro Cap Index so soon after the completion of our Initial Public Offering in August 2013. We hope this will help MoneyMax reach out better to the investment community as we execute our growth strategy.”
http://www.theedgesingapore.com/the-dail...index.html

[CityFarmer]

I assume the "leasing" is not with retail loan, but trade financing, based on the partner list. It seems more non-bank institutions are offering trade financing, and taking market share from bank?

Have you observed the same?

AP Oil, MoneyMax in JV to provide financial leasing in China

SINGAPORE (Oct 18): SGX-listed AP Oil International and MoneyMax Financial Services have entered into a joint venture with two other companies, Zongshen and Free Trade Port Co., to undertake a financial leasing business in Chongqing, China.

AP Oil and MoneyMax will each hold a 12.5% equity stake in the joint venture company, while Shenzhen Stock Exchange-listed Zongshen will hold a 70% interest and Free Trade Port Co. will hold the remaining 5% equity interest.
...
http://www.theedgemarkets.com.sg/sg/arti...sing-china