NEW DELHI: As Covid-19 pandemic and social distancing turn the tables for digital payment, making it the new normal, this has also revived investor interest in the unlisted shares of Paytm<\/a>, India’s top payment service provider. 新德里:随着Covid-19流行和社会距离把数字支付表,使其成为新常态,这同时也引起了投资者的兴趣在未上市的股票Paytm印度最大的支付服务提供商。
The stock value, which had nosedived by half in the unofficial market, is now showing signs of a rebound.
The unlisted shares of Paytm promoter One97 Communications have surged up to 25 per cent from Rs 9,000-9,500 to Rs 11,000-11,500 in the last one quarter. The scrip still trades 40 per cent below the lifetime high of Rs 18,500-19,000 which it had scaled before the pandemic.
The number of unlisted shares of the Noida-based Paytm are fast drying up in the unofficial market for trading in unlisted shares. A few dealers attributed this to a buyback by the company at lower prices, which has also given rise to speculation of an imminent initial float. ETMarkets could not independently confirm the same.
India, with 25.5 billion real-time online transactions in 2020, was home to the highest number of digital transactions in the world, way ahead of China’s 15.7 billion, the UK’s 2.8 billion and the United States’ 1.2 billion. Paytm is the third largest player in digital payment in the country after Google pay and PhonePe.
“We find the stock quite undervalued at current market price. Mobile wallets are the future of the payment industry and this augurs well for Paytm. It has the potential to show exponential growth in the coming years,” said Rajesh Singla, Founder & CEO, Planify India, a consultancy that advises on share transactions in private companies.
In FY2019-20, Paytm generated a total income of Rs 3,350.50 crore while total expenses stood at Rs 5,861.54 crore, leading to a net loss of Rs 2,833.68 crore, which was 32 per cent less than a net loss of Rs 4,172 crore reported for the year-ago period. The latest year’s financial results are yet to be announced.
“The company is rapidly expanding business into digital payment and fintech services. It is the key reason for inadequate profits. Paytm may turn profitable in the next couple of years,” said Sambhav Aggarwal, Managing Director of Delhi-based boutique firm Arms Securities.
“With the infrastructure for digital payment expanding pan-India offering multiple options to both consumers and merchants, Paytm is likely to generate decent revenue in the coming years,” he said. “Also, the company is focusing on reducing costs and burn rate.\"
Various homegrown new-age businesses are trying to make a debut at Dalal Street of late, riding a buoyant primary market, and Paytm is said to be one of them.
“It is among those startups which are looking for a listing at the earliest. However, clarifications from the government on overseas IPOs is awaited,” said Aggarwal.
Paytm is backed by Ace Investors like Warren Buffett<\/a>’s Berkshire Hathaway and Jack Ma<\/a>. Marquee financial investors like SAIF Partners, Softbank<\/a>, Mountain Capital Fund have large stakes in the venture.
In September 2018, Berkshire invested $300 million in One97 Communications, the parent firm of Paytm. Berkshire’s BH International Holdings owns almost 3 per cent in the company.
However, dealers are cautious about over-diversification by the company.
Singla said, “An ultra-heterogeneous business model may hamper growth. Burning cash in a new business without knowing the nuances can be a big challenge in the near future.”
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股票价值,在非正式市场急剧下降了一半,现在已经显示出复苏的迹象。
Paytm子One97通信的未上市股票大涨了25%从Rs 9000 - 9500 Rs 11000 - 11500年最后一个季度。一生下面的代币交易40%的Rs 18500 - 19000年以前按比例缩小的大流行。
印度,在2020年与255亿年实时在线交易,是世界上最多的数字交易,157亿年中国遥遥领先,28亿年英国和美国的12亿人。Paytm是第三大的球员在数字支付在中国谷歌支付和PhonePe之后。
“我们发现股票完全低估了目前市场价格。手机钱包支付行业的未来,这对于Paytm是个吉兆。它有可能显示指数增长在未来几年,“Rajesh Singla创始人和CEO说,印度编制计划,咨询顾问,私人公司的股票交易。
FY2019-20, Paytm生成全部费用总收入3350 .50卢比而站在54 5861卢比,导致净亏损2833 .68点卢比,32%低于净亏损4172卢比报道去年同期。最近一年的财务结果尚未公布。
”该公司迅速扩大业务到数字和fintech服务付款。这是关键原因利润不足。Paytm可能盈利在未来的几年中,“德里精品公司的董事总经理Sambhav Aggarwal说武器证券。
“数字支付基础设施扩大pan-India为消费者和商家提供多个选项,Paytm可能产生可观的收入在未来几年,”他说。”同时,公司专注于降低成本和消耗速度。”
各种国产新时代企业正试图做一个亮相Dalal街,骑着活跃的主要市场,Paytm据说是其中之一。
“这是那些初创公司正在寻找一个最早清单。然而,说明政府的海外ipo是等待,“Aggarwal说。
Paytm Ace投资者的支持沃伦•巴菲特(Warren Buffett)伯克希尔哈撒韦公司(Berkshire Hathaway)和马云。选框金融投资者像赛义夫合作伙伴,软银、山地合资企业资本基金的大量股份。
2018年9月,伯克希尔哈撒韦公司投资了3亿美元在One97通信、Paytm的母公司。伯克希尔哈撒韦的BH国际控股拥有近3%的公司。
然而,经销商由公司over-diversification持谨慎态度。
Singla说,“一个ultra-heterogeneous的商业模式可能会妨碍经济增长。烧钱的新业务不知道细节可以在不久的将来,一个巨大的挑战。”
NEW DELHI: As Covid-19 pandemic and social distancing turn the tables for digital payment, making it the new normal, this has also revived investor interest in the unlisted shares of Paytm<\/a>, India’s top payment service provider.
The stock value, which had nosedived by half in the unofficial market, is now showing signs of a rebound.
The unlisted shares of Paytm promoter One97 Communications have surged up to 25 per cent from Rs 9,000-9,500 to Rs 11,000-11,500 in the last one quarter. The scrip still trades 40 per cent below the lifetime high of Rs 18,500-19,000 which it had scaled before the pandemic.
The number of unlisted shares of the Noida-based Paytm are fast drying up in the unofficial market for trading in unlisted shares. A few dealers attributed this to a buyback by the company at lower prices, which has also given rise to speculation of an imminent initial float. ETMarkets could not independently confirm the same.
India, with 25.5 billion real-time online transactions in 2020, was home to the highest number of digital transactions in the world, way ahead of China’s 15.7 billion, the UK’s 2.8 billion and the United States’ 1.2 billion. Paytm is the third largest player in digital payment in the country after Google pay and PhonePe.
“We find the stock quite undervalued at current market price. Mobile wallets are the future of the payment industry and this augurs well for Paytm. It has the potential to show exponential growth in the coming years,” said Rajesh Singla, Founder & CEO, Planify India, a consultancy that advises on share transactions in private companies.
In FY2019-20, Paytm generated a total income of Rs 3,350.50 crore while total expenses stood at Rs 5,861.54 crore, leading to a net loss of Rs 2,833.68 crore, which was 32 per cent less than a net loss of Rs 4,172 crore reported for the year-ago period. The latest year’s financial results are yet to be announced.
“The company is rapidly expanding business into digital payment and fintech services. It is the key reason for inadequate profits. Paytm may turn profitable in the next couple of years,” said Sambhav Aggarwal, Managing Director of Delhi-based boutique firm Arms Securities.
“With the infrastructure for digital payment expanding pan-India offering multiple options to both consumers and merchants, Paytm is likely to generate decent revenue in the coming years,” he said. “Also, the company is focusing on reducing costs and burn rate.\"
Various homegrown new-age businesses are trying to make a debut at Dalal Street of late, riding a buoyant primary market, and Paytm is said to be one of them.
“It is among those startups which are looking for a listing at the earliest. However, clarifications from the government on overseas IPOs is awaited,” said Aggarwal.
Paytm is backed by Ace Investors like Warren Buffett<\/a>’s Berkshire Hathaway and Jack Ma<\/a>. Marquee financial investors like SAIF Partners, Softbank<\/a>, Mountain Capital Fund have large stakes in the venture.
In September 2018, Berkshire invested $300 million in One97 Communications, the parent firm of Paytm. Berkshire’s BH International Holdings owns almost 3 per cent in the company.
However, dealers are cautious about over-diversification by the company.
Singla said, “An ultra-heterogeneous business model may hamper growth. Burning cash in a new business without knowing the nuances can be a big challenge in the near future.”
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