CIMB Research sees Philippines as an attractive growth market for GHL, given that it offers the higher merchant discount rates.
KUALA LUMPUR: CIMB Equities Research said GHL System’s annualised 9M15 core net profit, which was at 81% of its FY15 forecast and 83% of consensus.
The research house said on Thursday the main reason was due to the higher tax rate and merchant acquisition cost faced by the card payments solutions provider.
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