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We understand that the group has so far recruited more than 3,000 members. We are positive that contributions from its network marketing business has improved to RM1.2 million in the first quarter of financial year 2017 (1QFY17) from RM700,000 recorded in 4QFY16, it said. We are positive of the group engaging in such marketing strategies since we believe that the general market remains unfamiliar with its digital products and a more personalised marketing strategy could achieve better recognition and appreciation of such products by consumers. Based on its earnings model, AllianceDBS Research expected RM5 million contributions from its network marketing business for FY17, leaving room for further earnings upgrade for Sasbadi. Meanwhile, on Sasbadis 1Q results, AllianceDBS Research said the company registered results of RM4.3 million in core earnings, a substantial improvement compared with core earnings of RM2 million recroded in 1QFY16. The stronger 1Q results were supported by a 48 per cent increase in its topline growth, compared with the corresponding period last year. This meets about 18 per cent of our and consensus full- year earnings forecasts, which we deem to be within expectations given that 1Q is a seasonally weak quarter for the group, it said. It also pointed out that although 1Q ending November is traditionally a weak quarter for the groups educational publishing business due to school holidays and completion of exam period, the groups 1QFY17 core earnings were boosted by government contracts and network marketing. It further noted that Sasbadis earnings were lifted by revenue recognition from RM9.4 million textbook publishing contract secured, textbook reprinting contract, provisions of Lego Education robotics sets to primary and secondary schools amounting to RM3.6 million, and increased contributions from network marketing. Besides that, AllianceDBS Research noted that contributions from its online products are expected to improve going forward with the launch of the i-LEARN offline platform at end-2015 and the licence and services agreement (LSA) with one of Indonesias largest book publishers, PT Penerbit Erlangga. This would grant the publisher an exclusive and non-transferable licence to use its interactive online learning system i-LEARN, and sell the latters online learning materials under its platform in Indonesia. In return, Sasbadi would receive semi-annual royalty fees based on net sales generated through the online platform in Indonesia, it added.
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Close share panel Media captionKim Leadbeater, Jo Cox's sister, tells Radio 4s Today about how she wants to 'eradicate' loneliness Colleagues and family members of the murdered Labour MP Jo Cox have launched a campaign to tackle loneliness . Mrs Cox had started work on the cross-party campaign before she was killed in her constituency last year. The commission, in her memory, will work with 13 charities including Age UK and Action for Children to come up with ideas for change. They will provide findings as part of monthly campaigns on people such as new mums, carers and the elderly. ธุรกิจเครือข่าย คืออะรัย 'Sociable but lonely' - how it feels when loneliness strikes The campaigners will put together a manifesto of the charities' findings and ask the government to look into ways of reducing the problem. Research by the partners shows over nine million people say they are "always or often lonely", but two-thirds of those would not talk about it in public. 'Real difference' MPs want the report to be a call to action to encourage people to chat and start conversations. The commission is asking people to do more, for example knocking on a door or picking up a phone. Mrs Cox's sister, Kim Leadbeater, said she wanted to continue the MP's legacy "by ridding society of loneliness one conversation at a time." Mrs Cox, who was the Labour MP for Batley and Spen, suffered from loneliness when she went to university and was split up from her sister. "It was one of those issues where she felt she could make a real difference," she told the BBC News Channel.
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