Markets
M3Tech enters new growth phase
Alan Voon | 01 Sep 2017 00:30
The shares and warrants of M3 Technologies (Asia) Bhd (M3Tech) attracted heavy investors’ interest recently despite the company posting a bigger loss in its latest financial year ended June 30.

This may be attributed to the company’s new range of products and services gaining traction as it enters a new exciting growth phase. The mother share price closed at 9.5 sen on Aug 30 while its warrant M3TECH-WA was last traded at 4.5 sen.

M3Tech was established in 1999 and was one of Asia’s leading premier mobile value-added services (VAS) provider with operations across Pakistan, Indonesia, Thailand and the Greater China region.

However, as consumers move away from traditional SMS, M3Tech’s core mobile VAS services suffered. The company’s profitability was affected, resulting in revenue drop and losses since FYE6/13.

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