TODAY

Hi Folks! Malaysia celebrates its 64th independence day last month, and its Malaysia day this month. But we as Malaysians are not in a festive mood. Hmm.

Report: Despite boom, local e-wallet firms still lack marketing engagement

A GLOBAL marketing agency reveals that while e-wallet companies in Malaysia are seeing a rise in business, many have not fully leveraged on the potential of digital marketing, media and corporate social responsibility (CSR).

“Our study show gaps in marketing engagement among e-wallet companies and the need for the brands to focus less on the technical, vanity aspects of marketing engagement and more on building stronger connection with their customers,” Team Lewis said, in its report entitled E-Wallets Marketing Engagement Index.

Elaborating, Team Lewis managing director Ann Chong said that as fintech market continues to attract more players in Malaysia, competition will become stiff to attract sustained interest from consumers.

With that, she added, it was important how a brand is perceived by the masses, with its reputation becoming as fundamental as the product or services the company is offering.

“And this has never been more important in times of a pandemic, when consumers are closely watching the behaviour of some of the country’s popular brands.

“Therefore, tracking consumer sentiment and having analytical data will enable marketers to gain clearer insight into what would work for their consumers,” Chong noted.

Among the findings in the report include:

  • MayBank2U was ranked #1 among the 15 e-wallets analysed in the report, scoring highest across all categories including social presence, digital engagement, site optimisation and CSR. Other brands that made the Top 5 are GrabPay, TouchNGo, Boost and Lazada Wallet.
  • All brands in the Top 5 displayed higher-than-average user experience scores, an attribute that consumers today expect as part of their digital brand experience.
  • The top performing brands noticeably pivoted their communications on owned platforms by featuring COVID-19 related information, resources or marketing campaigns.
  • Although this showed receptiveness and adaptability, overall scores for CSR projects and community engagements were low amongst all 15 brands.
  • In general, the Malaysian e-wallet brands analysed had a higher score for mobile, chat and app as compared to the 2020 Global 300 average by a margin of 8%.
  • Malaysian e-wallets outperformed the brands in the 2020 Global 300 by a margin of 4% in terms of its social presence.

Based on the report, Chong said that e-wallet companies are already making notable investments in ensuring a seamless customer experience across mobile, chat and app, ranking higher than the global standard.

“In Malaysia, the increasing dependence on digital payments spurred by COVID-19 has offered e-wallet brands the unique opportunity to redefine their relationships with customers,” she remarked. – FocusM Sept 18, 2021

Feel free to visit us here: https://tjrevs.blogspot.com Just click the given link https://tjrevs.blogspot.com

TODAY

Hi Folks! Diplomacy is the velvet glove that cloaks the fist of power.

Hartalega says its plants can’t run at full capacity due to “disruptive” fortnightly Covid-19 screenings. EPF awards a build and migrate-based data centre cabling project in Sungai Buloh, Selangor to Mesiniaga. Cinemas will be allowed to reopen at half capacity for fully vaccinated moviegoers in all states starting Thursday (September 9). – EDGE

Feel free to visit us here: https://tjrevs.blogspot.com Just click the given link https://tjrevs.blogspot.com

TODAY

Hi Folks. I cannot believe how fast time keeps going & I have not written on my blog for too long! Hmm.

CORPORATE NEWS

Hubline Bhd has secured a RM25.67 million contract from the Election Commission to provide helicopter and fixed wing rental services for the Sarawak state election. The group said the contract, awarded to its subsidiary Layang Layang Aerospace Sdn Bhd, spans two years until August 2023 in view of the uncertainties as to when the polls can take place due to the pandemic. – EDGE

IQ Group Holdings Bhd, whose share price jumped 26% today, said it is not aware of any reasons for the stock’s sharp rise in price and volume recently. Replying to the unusual market activity query from Bursa Malaysia, the group said there is no corporate development relating to its business that has not been previously announced as well as any rumours, reports or possible explanation that might have accounted for the unusual trading activity. – EDGE

GENTLE REMINDER: TESSA have no positions in any of the stocks mentioned. Trade at your own risk. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action.

STOCKS held by TESSA

HIBISCS, SEDANIA, PRIVA, PICORP, JOHAN. JOHAN WB

Feel free to visit us here: https://tjrevs.blogspot.com Just click the given link https://tjrevs.blogspot.com

TODAY

Happy Wednesday, Folks.

Lockdown is a requirement for people to stay where they are for some reasons.

Curfew is a requirement that people return to their homes at a certain time.

Actually, there’s not much difference between lockdown and curfew.

Something like, feeling rejected is not much different from actual pain.

Hmm. LOL.

STOCKS held by TESSA

HIBISCS, SEDANIA, PRIVA, PICORP, JOHAN. JOHAN WB

Feel free to visit us here:  https://tjrevs.blogspot.com  Just click the given link  https://tjrevs.blogspot.com

TODAY

If nominated, I will not run. If elected, I will not serve. LOL. Happy Saturday, Folks!

Corporate Highlights

Pharmaniaga Bhd’s net profit expanded 37.3% in the second quarter ended June 30, 2021 to RM13.7 million from RM9.98 million, as revenue rose 82.28% to RM1.18 billion from RM645.76 million on the sale of Sinovac Covid-19 vaccines to the government, which more than offset weaker contributions from the group’s logistics and distribution division, as well as its Indonesia division. – EDGE

Carlsberg Brewery (M) Bhd’s net profit for the second quarter ended June 30, 2021 increased more than three times to RM37.14 million from RM10.65 million in the previous year as revenue gained 21.6% to RM349.21 million from a year ago. The increase in revenue comes as both Malaysia and Singapore operations saw better overall sales compared with the same quarter last year. – EDGE

GENTLE REMINDER: TESSA have no positions in any of the stocks mentioned. Trade at your own risk. All the information made available here is generally provided to serve as an example only, without obligation and without specific recommendations for action.

STOCKS held by TESSA

HIBISCS, SEDANIA, PRIVA, PICORP, JOHAN. JOHAN WB

Feel free to visit us here:  https://tjrevs.blogspot.com  Just click the given link  https://tjrevs.blogspot.com

TODAY

Monday: Fresh coffee to wake up, good mood to start again and a lot of desire to overcome.

All eyes on PM Muhyiddin’s movement today

KUALA LUMPUR (Aug 16): Tan Sri Muhyiddin’s movements today became the focus of Malaysians, especially media personnel, following the current political developments in the country.

The Prime Minister, when leaving his residence in Bukit Damansara at 7.42 am, was seen waving at the media personnel who had been around the area since early morning.

He then arrived at the Perdana Putra building, Putrajaya at 8.07 am, expected to attend a special cabinet meeting.

Also seen arriving at the building were vehicles carrying Inspector-General of Police Datuk Seri Acryl Sani Abdullah Sani and Attorney-General Tan Sri Idrus Harun. – BERNAMA via EDGE

STOCKS held by TESSA

HIBISCS, SEDANIA, PRIVA, PICORP, JOHAN. JOHAN WB

Feel free to visit us here:  https://tjrevs.blogspot.com  Just click the given link  https://tjrevs.blogspot.com

TODAY

Remember to be gentle with yourself and others.

Per capita income to rise, subject to economic recovery

KUALA LUMPUR: Malaysia’s per capita income is expected to increase this year, but this would be subject to the country’s economic recovery, said the Department of Statistics Malaysia (DOSM) today.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the recovery pattern of the economic sectors in the country is projected to be uneven, thus affecting salaries and wages.

“If we (the nation) succeed in our efforts to enhance the digital economy and the development of technologies in economic activities in the long run, then the average income measured in terms of salaries and wages will definitely increase.

“However, this depends on how we achieve it (the economic recovery) in the medium term. As for the short term, the priority is on workers returning to work in the business sectors (that have been affected),” he said after announcing the State Socio-Economic Report 2020 virtually today.

Mohd Uzir said measures to curb the spread of Covid-19 also resulted in the mean monthly salaries and wages received by local workers dropping by 9% year-on-year (y-o-y) to RM2,933 in 2020 from RM3,224 in 2019.

“The average monthly salaries and wages in Johor fell by 13% y-o-y, Terengganu (- 12.4% y-o-y), Kuala Lumpur (-12.3% y-o-y), Labuan (-11.5% y-o-y), Sarawak (-11% y-o-y) and Selangor (-10.6% y-o-y).

“Meanwhile, in terms of amount, Putrajaya recorded the highest mean monthly salaries and wages at RM4,497,” he said.

He added that several states had exceeded the national mean monthly salaries and wages of RM2,933, namely Kuala Lumpur (RM3,823), Selangor (RM3,480), Negri Sembilan (RM3,013) and Labuan (RM2,942).

Meanwhile, the national Labour Force Participation Rate (LFPR) fell by 0.3 percentage points to 68.4% (2019: 68.7%).

Selangor recorded the highest LFPR at 75.4%, followed by Putrajaya (72.5%), Kuala Lumpur (72.1%) and Johor (70.4%), while Kelantan recorded the lowest LFPR at 57.9%.

The unemployment rate also increased to a near three-decade high at 4.5% in 2020.

Mohd Uzir said the Covid-19 health crisis left a profound impact on the country’s socio-economic landscape with Malaysia’s overall GDP contracting by 5.6% in 2020 – the second-lowest since 1998, when the GDP had declined by 7.4%.

In line with the contraction in the economic and trade activities worldwide, Malaysia’s trade volume in 2020 declined by 3.6% to RM1.78 trillion from RM1.84 trillion in 2019, he said.

“Malaysia’s inflation rate stood at -1.2% in 2020, and the most affected groups were transport (-10%), followed by housing, water, electricity, gas and other fuels (-1.7%) and clothing and footwear (-0.8%),” he added.

At the same time, travel restrictions across states and districts have also impacted the country’s domestic tourism industry.

Malaysia’s domestic tourism expenditure in 2020 plummeted by 60.8% to RM40.4 billion from RM103.2 billion in 2019.

Domestic tourist arrivals also fell by 44.9% to 131.7 million from 239.1 million in the previous year. – BERNAMA via SUNBIZ, AUG 5.

STOCKS held by TESSA

HIBISCS, SEDANIA, PRIVA, PICORP, JOHAN. JOHAN WB

Feel free to visit us here:  https://tjrevs.blogspot.com  Just click the given link  https://tjrevs.blogspot.com