Pages

Thursday, June 25, 2009

"Blue Chip" in Mesdaq

Recently, had the opportunity to meet up with the CEO of Exel force, Jeff Wang in the Co AGM. To be surprise, he is really a hands on CEO, basically knew what his company product from head to tail. I had an opportunity to seat with him after the AGM and posted a few questions to him.
1st on local progress and expansion, and then on competitors either local or foreign. According to him, there is no direct local competitor except for n2n. It seems to him N2N is not perform well as per annual report which posted losses for the past quarter. Foreign competitor not able to come in due to cost factor, as such not a treat as of now. There are 18 stock broking house and 6 banks using excel force back office and Jeff is very confident it can get more to its plate looking at the more liberalise SC rules moving forward. I noticed too that more and more stock broking are using excel force as their online trading platform. It seems to me they are gaining market share moving forward.
On oversea expansion, apart from Thailand and Singapore, it is now looking to expand further in Vietnam and Indonesia. The future looks promising minus how fast it can expand base on its scarce resources of 50 as of now.
As to the company's employee is concern, he did annual exam on them on their progress and apparently asked those had failed the exam to reconsider their position in the company. Well, it sounds good to a growing company but to the staff there, it is really pressurize.
I asked him about future product features. He said there are lots more in the pipe line to be launched soon in a few months times, program buying and selling features is one of them. Many will mirror those from US stock broking house.
I asked him despite a profitable track record but the share price did not really match its profit. His thot is to move the company to the main board to make the company more visible to investor. Also, some future earning distribution at 50% of net profit as dividen may make the company looks more attractive.
Overall, am quite satisfy with those answer from the CEO although had more questions to ask ..

No comments: