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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  GRG Banking Equipment Co., Ltd.    002152   CNE100000650

GRG BANKING EQUIPMENT CO., LTD. (002152)
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GRG Banking Equipment : VTMs Successfully Entered Singapore Market

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04/20/2017 | 09:28pm EST

On 16 August 2016, Singapore's first Video Teller Machine (VTM) pilot tested at a branch of POSB. It provides convenient and easy self-service financial user-experience for functions, such as Card Issuance, e-Banking Secure Token Device, Update Particulars, etc. After 5 month of pilot run, POSB officially launched GRG Banking VTMs in Singapore. They plan to install 9 units in 9 high-traffic branches for the second phase pilot run by the end of April.

Channel 8, the famous Chinese language TV channel in Singapore, released an interview regarding this story. It is a survey that was carried out on customers and bank officers to evaluate customer satisfaction with the VTMs. In this video, many customers and bank managers gave very good comments on the VTM implementation.

'Super! Efficient and fast. No need to queue, card was printed within 5 minutes. Thumbs up!' said a customer.

'The VTM machine is very simple, easy to use and user friendly.' said another customer.

'VTM is very convenient, very good. I found it easy to transfer money. If you are not sure how to use it, you just need to activate the remote live human teller' said an elderly customer.

'So far, all feedbacks from customers are positive. Most customers speak highly of the service and the appearance of the VTMs.' said Susan Zhang, Managing Director & Head of Distribution Consumer Business Group of POSB, 'VTM provides customers unparalleled service experience and private space. It provides a new way of banking service and will definitely have positive effects to banks and improve customer satisfaction.'

GRG Banking Equipment Co. Ltd. published this content on 21 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 21 April 2017 01:28:21 UTC.

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Financials (CNY)
Sales 2018 4 989 M
EBIT 2018 763 M
Net income 2018 736 M
Debt 2018 -
Yield 2018 1,94%
P/E ratio 2018 18,38
P/E ratio 2019 15,54
Capi. / Sales 2018 2,71x
Capi. / Sales 2019 2,25x
Capitalization 13 529 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Average target price -
Spread / Average Target -100%
EPS Revisions
Managers
NameTitle
Zi Yu Ye General Manager & Director
Yue Zhen Huang Chairman
Chun Chen Jiang Chief Financial Officer & Deputy General Manager
Pan Feng Luo Director & Executive Deputy General Manager
Run Yang Independent Director
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