Monthly Archive: August 2017

Vietnamese retailers look to foreign retail markets

VietNamNet Bridge – As the competition in the domestic retail market heats up, big Vietnamese-owned retail chains are considering neighboring markets like Myanmar, Laos and Cambodia.

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, The Gioi Di Dong, mobile phones, Cambodia

In late June, The Gioi Di Dong JSC, which owns the largest mobile phone distribution chain in Vietnam, opened its first shop in Phnom Penh, Cambodia. The shop in Cambodia is named BigPhone, but it has a brand identity like The Gioi Di Dong shops in Vietnam.

BigPhone focuses on mobile phones and tablets which account for 85 percent of products displayed at the shop, while the remaining 15 percent are accessories, simcards and scratch cards. The mobile phones available are from Samsung, Apple, Nnokia, Huawei, Oppo, Camfone and LG.

The Gioi Di Dong hopes it can earn $100,000 a month from the first shop, and plans to open 10-15 shops in Cambodia this year.

BigPhone focuses on mobile phones and tablets which account for 85 percent of products displayed at the shop, while the remaining 15 percent are accessories, simcards and scratch cards. The mobile phones available are from Samsung, Apple, Nnokia, Huawei, Oppo, Camfone and LG.

A senior executive of Pico, a home appliance distribution chain, in early 2016 told the press that the chain was considering penetrating markets like Myanmar, Laos and Cambodia. Of the neighboring markets, Myanmar is the first choice because of favorable conditions of the market: it is easy to find retail premises, and there is less competition. 

Nguyen Ngoc Hoa, when he was chair of Saigon Co-op, affirmed the importance of foreign markets for Saigon Co-op, saying that the retail chain targets Laos and Cambodia for its plan to expand the network.

“The most important thing in implementing the expansion plan is that Saigon Co-op find reliable partners in doing business overseas,” he said.

A senior executive of Pico said he can see that there would be both economic and non-economic barriers in the Cambodia and Myanmar markets. He said it would take time to learn about the consumption habits, local culture, the laws and economic factors of the target markets.

Ho Viet Dong, CEO of The Gioi Di Dong in Cambodia, said though the retail chain has good relations with mobile phone manufacturers, it still faces difficulties in doing business in Cambodia. 

“The mobile phone market here is very complicated,” he said. “Besides, the training of the labor force for long-term business plan also needs consideration.”

Meanwhile, according to Saigon Co-op’s CEO Nguyen Thanh Nhan, the plan to open a supermarket in Cambodia has been delayed because of the change of the Cambodian partner.

RELATED NEWS

BPhone 2 to hit shelves at giant distribution chain[1]

Nguyen Kim seen replacing The Gioi Di Dong at Big C[2]

Thanh Lich

Cellnet Review

Why Nigeria’s over $80b telecom sector needs more investors

By Prince Osuagwu

SINCE 2001 when Digital Mobile Licences, DLI, were issued by Nigerian Communications Commission, NCC, Nigeria has witnessed multiplier effects in social and economic development.

Telecommunications services are now available to everyone unlike the pre-GSM era when only 500,000 lines were available to a population of nearly 90 million from an investment profile of about $50m.

Teledensity was about 0.01 percent and internet connectivity was a nightmare. Fortunately, the story has since changed, owing to DLI.

150 million subscribers: At present, there are over 150 million active subscribers, internet connections are over 90 milion, teledensity is well over 100 percent. There is over $80bn invested in the sector so far with over 70 percent of it as Foreign Direct Investment (FDI).

However, the country still needs more. By the National Broadband Plan, NBP (2013 – 2018) the country is expected to attain 30 percent broadband penetration by 2018, which currently stands at 21 percent.

Meanwhile, the huge capacity of broadband network in Nigeria, resides mainly in the urban cities while the hinterlands suffer from paucity to outright non availability of access.

Connection speed

Even at that, while countries like the United Kingdom are enjoying mobile broadband connection speed of up to 23.7 mega bytes per second, Nigeria fluctuates between 3-3.1 mega bytes per second speed which does not encourage robust internet exploration by users. That is unfortunately when fellow African countries like Egypt and South Africa are not even comfortable with their respective 8.0 and 5.0 MBPS broadband connection speeds.

Against the reality that globally, broadband is the new business in the technology sector, it is just a matter of time for these numbers and indeed the country’s current achievements to be dwarfed, if not totally swarmed by the huge revenues expected to accrue from broadband investment for countries that are proactive in marketing.

Interestingly, Nigeria has decided to take a proactive step towards competing in the global broadband market. Recently the government constituted a delegation to be led by the minister of Communications, Adebayo Shittu, to this year’s International Telecommunications Union, ITU Telecom World conference in Busan, South Korea, to showcase the potential of the country’s broadband market.

The ITU Telecom World is a global platform for major industry players, small and medium enterprises, countries and organisations to network and share ideas about new developments and technologies that would lead to better connected societies.

ITU Telecom World: It is an event for international visibility for innovative ICT products and services, as well as solutions from around the world. It involves high level debates on the core issues affecting ICT industries, sharing knowledge and working for sustainable development.

The Nigerian delegation which consists of Chairman of the Board of Commissioners of NCC, Senator Olabiyi Durojaiye, Chief Regulator and Executive Vice Chairman of NCC, Prof. Umar Garba Danbatta as well as key industry leaders and players, will host an investment forum at ITU Telecom World 2017 and broadband Nigeria will be the focus of discussions.

The team is to present the narrative that Nigeria’s robust telecommunications regulatory environment guarantees Returns on Investment, ROI, as well as renews investors’ confidence in the fast growing sector.

Although Nigeria has had a very robust telecommunications sector with active connected subscribers in the region of 150million and about 110 percent teledensity, the NCC believes that more efforts should be deployed to deepen broadband penetration.

The post Why Nigeria’s over $80b telecom sector needs more investors[1] appeared first on Vanguard News[2].

References

  1. ^ Why Nigeria’s over $80b telecom sector needs more investors (www.vanguardngr.com)
  2. ^ Vanguard News (www.vanguardngr.com)
Cellnet Review

BlackBerry Limited (BBRY) Stake Decreased by Bank of Montreal Can

BlackBerry Limited logoBank of Montreal Can lowered its stake in BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,980,726 shares of the company’s stock after selling 659,881 shares during the period. Bank of Montreal Can owned approximately 0.94% of BlackBerry Limited worth $49,757,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Iridian Asset Management LLC CT raised its stake in BlackBerry Limited by 25.8% in the first quarter. Iridian Asset Management LLC CT now owns 26,338,893 shares of the company’s stock worth $204,126,000 after buying an additional 5,403,804 shares in the last quarter. Norges Bank bought a new stake in BlackBerry Limited during the fourth quarter worth about $24,556,000. OppenheimerFunds Inc. raised its stake in BlackBerry Limited by 83.9% in the first quarter. OppenheimerFunds Inc. now owns 7,357,607 shares of the company’s stock worth $57,005,000 after buying an additional 3,356,948 shares in the last quarter. First Eagle Investment Management LLC raised its stake in BlackBerry Limited by 48.9% in the first quarter. First Eagle Investment Management LLC now owns 6,159,856 shares of the company’s stock worth $47,739,000 after buying an additional 2,022,000 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in BlackBerry Limited by 300.0% in the first quarter. Bank of America Corp DE now owns 754,290 shares of the company’s stock worth $5,847,000 after buying an additional 565,739 shares in the last quarter. 63.31% of the stock is currently owned by hedge funds and other institutional investors.

BlackBerry Limited (BBRY[1]) traded down 0.77% during trading on Tuesday, reaching $9.03. The company’s stock had a trading volume of 4,473,828 shares. The firm has a 50-day moving average price of $9.99 and a 200-day moving average price of $8.80. BlackBerry Limited has a 52 week low of $6.65 and a 52 week high of $11.74. The firm has a market capitalization of $4.79 billion, a P/E ratio of 37.16 and a beta of 0.97.

BlackBerry Limited (NASDAQ:BBRY) (TSE:BB) last announced its quarterly earnings data on Friday, June 23rd. The company reported $0.02 EPS for the quarter, meeting analysts’ consensus estimates of $0.02. BlackBerry Limited had a negative return on equity of 1.67% and a net margin of 11.68%. The company had revenue of $244 million during the quarter, compared to the consensus estimate of $262.80 million. The business’s revenue for the quarter was down 42.5% compared to the same quarter last year. On average, equities analysts anticipate that BlackBerry Limited will post $0.04 EPS for the current fiscal year.

BlackBerry Limited announced that its board has initiated a share buyback plan on Friday, June 23rd that allows the company to repurchase 31,000,000 shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “BlackBerry Limited (BBRY) Stake Decreased by Bank of Montreal Can” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://transcriptdaily.com/2017/08/08/bank-of-montreal-can-has-49-76-million-position-in-blackberry-limited-bbry-updated-updated-updated.html.

BBRY has been the topic of a number of analyst reports. Scotiabank raised BlackBerry Limited from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, April 12th. Raymond James Financial, Inc. lowered BlackBerry Limited from an “outperform” rating to a “market perform” rating and increased their price target for the company from $9.50 to $11.00 in a research report on Monday, May 29th. Canaccord Genuity set a $10.00 price objective on BlackBerry Limited and gave the company a “hold” rating in a report on Wednesday, April 12th. William Blair reiterated a “market perform” rating on shares of BlackBerry Limited in a report on Wednesday, April 19th. Finally, BMO Capital Markets increased their price objective on BlackBerry Limited from $8.00 to $9.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. BlackBerry Limited presently has an average rating of “Hold” and a consensus price target of $9.45.

About BlackBerry Limited

BlackBerry Limited (BlackBerry) provides mobile communications solutions. The Company is engaged in the sale of enterprise software and services. The Company’s products and services include Enterprise Solutions and Services, Devices, BlackBerry Technology Solutions and Messaging. It is engaged in providing enterprise mobility management (EMM) and mobile security, and offers a portfolio of enterprise software solutions and services that can be deployed across a range of ecosystems and devices, including BlackBerry Enterprise Service (BES) 12 and Good Platforms, BES12 Cloud, enterprise file-sync-and-share (EFSS), SecuSUITE for Enterprise, Enhanced subscriber identity module (SIM)-Based Licensing (ESBL), WorkLife by BlackBerry solution and Professional Cybersecurity Services.

Institutional Ownership by Quarter for BlackBerry Limited (NASDAQ:BBRY)




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References

  1. ^ BBRY (www.marketbeat.com)
  2. ^ MarketBeat.com’s FREE daily email newsletter (transcriptdaily.com)
Cellnet Review

Could the ‘DOTA’ Card Game ‘Artifact’ Be Valve’s First Mobile Game?

Whether or not you follow the DOTA 2 competitive scene, it’s hard to miss The International[1]. It’s basically like if the NFL playoffs and Super Bowl took place over the course of a few days and had a $25M prize pool. The entire thing is streamed on Twitch[2], but better yet, they’ve got a secondary newcomer stream[3] which focuses less on the top-tier metagame strategies and more on the basics of the game. With an audience of hundreds of thousands of people watching, Valve just nonchalantly teased a new game they’re releasing next year. It’s not Half-Life 3, Portal 3, Left for Dead 3, or a sequel to any series that people would lose their minds over… Instead, it’s a DOTA-centric card game called Artifact.

[embedded content]

It’s hard to not be at least a little disappointed, as Valve is a legendary developer responsible for some of the greatest franchises of all time. Valve releasing yet another fantasy-based presumably free to play digital collectable card game seems… Well, really boring. We’ve got Hearthstone [Free[4]], The Elder Scrolls: Legends [Free[5]], Gwent, whatever Wizards of the Coast is working on with Magic, and tons more smaller digital CCG’s. Does the world need another one?

The one interesting thing here is that it seems likely that Artifact will be released on mobile devices. If you look at the history of Hearthstone, it was a popular game on PC… But being released on mobile phones was really what blasted the game into its current popularity. The Elder Scrolls: Legends seems to be on a similar trajectory, and I have no doubts Gwent will also do fairly well once its mobile client materializes. Put simply, it’d be odd if Artifact eventually didn’t hit the App Store.

VALVE SHOCKS THE WORLD
Announces a new project that combines as many proven money-making techniques into one glossy, branded package.

— Jason Imms (@jasonimms) August 9, 2017[6]

If you don’t spend a lot of time playing PC games on Steam, one area where Artifact could potentially pull ahead of other card games is by leaning heavily on the Steam Marketplace. In a nutshell, Valve has an unbelievable vibrant economy of in-game items that you can buy and sell for real money. It’s equal parts unbelievably stupid and ridiculously compelling, and that’s coming from someone who has bought more Counter-Strike gun skins than I’d care to admit and has made a silly amount of money on this dumb bandana[7]. If you can sell or trade cards in Artifact on the Steam Marketplace… Well, that would be pretty interesting.

Per the teaser, Artifact isn’t due out until 2018, but I’m fairly certain Valve will keep us hungry with a constant drip of information between now and the game’s final release.

References

  1. ^ The International (www.dota2.com)
  2. ^ streamed on Twitch (www.twitch.tv)
  3. ^ newcomer stream (www.twitch.tv)
  4. ^ Free (toucharcade.com)
  5. ^ Free (toucharcade.com)
  6. ^ August 9, 2017 (twitter.com)
  7. ^ this dumb bandana (steamcommunity.com)

Delivery of Xiaomi’s latest flagship device Mi6 starts in Bangladesh

Source:Xinhua Published: 2017/8/9 9:33:28


A customer (R), who pre-ordered Xiaomi’s Mi6 through Bangladeshi second largest mobile operator Robi, receives the smartphone at a store of Robi in Dhaka, capital of Bangladesh, on Aug. 8, 2017. Bangladeshi second largest mobile operator Robi’s e-commerce portal, Robi Shop, offered a unique opportunity for customers to pre-order leading Chinese mobile brand Xiaomi’s latest flagship device Mi6 recently. According to a Robi statement, the delivery of the smartphone started on Aug. 8. (Xinhua/Salim Reza)

 

Customers look at Xiaomi’s Mi6 on a screen at a store of Bangladeshi second largest mobile operator Robi in Dhaka, capital of Bangladesh, on Aug. 8, 2017. Bangladeshi second largest mobile operator Robi’s e-commerce portal, Robi Shop, offered a unique opportunity for customers to pre-order leading Chinese mobile brand Xiaomi’s latest flagship device Mi6 recently. According to a Robi statement, the delivery of the smartphone started on Aug. 8. (Xinhua/Salim Reza)