Sign up Australia
Proactive Investors - Run By Investors For Investors

I Synergy Group shows that its products are valuable

I Synergy listed on the ASX in March 2017 through an initial public offering (IPO).
steps going up over the top of the word 'growth'
The company paid a maiden interim dividend last month

I Synergy Group (ASX:IS3) has shown the value of its retail affiliate program MyKad Smart Shopper (MSS) by posting some strong results.

MSS is a retail reward program that partners with retailers in order to drive sales by offering exclusive discounts and retail privileges to MSS members (consumers).

MYDIN, one of Malaysia’s leading chains of hypermarket, supermarket and emporiums, with more than 300 outlets operating nationwide became one of MSS’ advertisers in June 2017.

The collaboration has been a success, with the sales generated by MSS steadily increasing at an average rate of 120% monthly over the past 4 months to generate nearly $2 million in sales.

MYDIN is the first chain hypermarket that has joined MSS and the instant results generated have proven the effectiveness of the company’s affiliate marketing solutions, regardless of the size of the business.

Dato’ Lawrence Teo, managing director, commented: “The success of MYDIN in MyKad Smart Shopper is what we truly strive for; a partnership that is mutually rewarding and valuable for both companies.”

Room to build the partnership

Currently, the MSS affiliate program applies to 12 of MYDIN’s participating outlets, however, MYDIN has over 300 outlets.

I Synergy is looking forward to having more of MYDIN’s retail outlets be a part of the MSS retail ecosystem.

The company’s growth strategy also involves the expansion of its affiliate program offerings to cater to various new business segments and markets.

READ NOW: I Synergy Group nearly triples total sales transactions





Register here to be notified of future IS3 Company articles
View full IS3 profile View Profile

I Synergy Group Ltd Timeline

Related Articles

picture of platinum
July 10 2017
The miner has notched up another quarter of record production at its Tharisa mine in South Africa
Enertopia Corp's partner GWT upbeat on potential of lithium recovery tests
October 26 2017
The feedstock used in the tests comes from the group's Clayton valley project in Nevada
Online shopping
January 23 2017
The referral marketing software provider has been rolling out its Refer-a-Friend platform to a number of new customers over the past few months.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use