A Glimpse At IT Stocks – FTC, OPN, GTK

  • May 05, 2019 AEST
  • Team Kalkine
A Glimpse At IT Stocks – FTC, OPN, GTK

Fintech Chain Limited

The Hong Kong-based investment holding company FinTech Chain Limited (ASX: FTC), is listed on the Australian Securities Exchange and offers system development and IT services in the People’s Republic of China. With around 650.77 million outstanding shares and a market cap of AUD 139.15 million, the FTC stock last traded at a sell-off price of AUD 0.165, nosediving 17.05% with ~ 2.71 million shares traded (as on 3 May 2019). FTC’s YTD return stands positive and high at 284.62%.

Recently, the company reported its consolidated statement of cash flows for the three months to March 31st, 2019 posting the net cash and cash equivalents at RMB 2,289,129. Accordingly, the operating activities generated around RMB 4.97 million of net cash outflows due to product manufacturing and operating costs, payments for leased assets, staff costs and other corporate costs. The investing activates further added ~ RMB 9,260 to the cash burns resulting from payments to acquire property, plant and equipment.

On April 24th, 2019, FinTech informed the stakeholders that the momentum of TLinx rollout continues and is now being used by Tianshan Rural Credit Bank of Xinjiang Autonomous Region.

OpenDNA Limited

OpenDNA Limited (ASX: OPN), headquartered in Singapore, is an artificial intelligence company utilising machine learning, natural language processing, and neural networks to build detailed psychographic profiles of users for their clients. The company’s current market cap stands at AUD 9.85 million with around 240.21 million outstanding shares. As on 3 May 2019 the OPN stock price closed the market trading session at AUD 0.043. OPN’s YTD return also stands positive at 17.14% so far.

Recently, OpenDNA released its Quarterly Activites Report for the three months to March 31st, 2019, wherein the company recorded first contribution from acquired businesses CHOOSE Digital and RooLife with cash receipts up 300% on previous quarter. Besides, RooLife e-Commerce business signed Four digital marketing and sales distribution agreements for the sale of products in China. An agreement was also signed with Novatti to extend payment processing capability for WeChat and Alipay in Australia. The company closed the period with net cash of $974k which was supplemented by an additional $2 million post an oversubscribed placement.

Gentrack Group Limited

Gentrack Group Limited (ASX: GTK), based in Auckland, New Zealand, is engaged in the development, integration, and support of enterprise billing and customer management software solutions for the utilities and and airport industries in Australia, New Zealand, the United Kingdom, and other countries worldwide. Gentrack’s current market cap is around AUD 529.72 Million, with ~ 98.64 million outstanding shares. The GTK stock price closed the trading session on 3 May 2019 at AUD 5.410, up 0.745% with ~25,430 shares traded.

The Group recently announced that its interim results for the six months ended March 31st, 2019 will be released on Friday, May 24th, 2019. In February this year, GTK inked its largest contract with one of the leading business water retailers of UK, covering the provision of software on a subscription basis, with the aim of supporting improved customer experience and reducing cost to serve for the retailer.

For the full year 2018, the Group recorded a 50% year-on-year growth in the total recurring revenue to $64 million, with the revenue up 39% to $ 104.5 million. The EBITDA was around $ 31 million (up by 30%) while the NPAT also increased by 17% to $ 13.9 million.


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