MCOM’s share rises 10.71pc on LEAP Market debut | Malay Mail

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MCOM’s share rises 10.71pc on LEAP Market debut

KUALA LUMPUR, July 3 ― LEAP Market debutant, MCOM Holdings Bhd, saw its share price surged 10.71 per cent or three sen to 31 sen, at the opening this morning.In a statement today, the digital marketing solutions provider said it planned to penetrate the Cambodian market and increase the automation level for its mobile advertising platform, following the listing exercise.

“We believe this plan will not only increase our revenue stream, but also contribute to growth of the Internet infrastructure in Cambodia,” he said. To recap, MCOM was awarded a 30-year internet service provider licence and frequency licence by the Telecommunication Regulator of Cambodia in 2016. The Internet penetration rate in Cambodia was 34 per cent in 2017 and the government aims to improve this to 70 per cent by 2020.

 

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