FINANCE MINISTER HAS INCREASED ALLOCATION FOR NFCP FIBERISATION FROM RM21.6 BILLIONS TO A WHOPPING RM50.3 BILLIONS (THIS HAS EVEN EXCEEDED PETRONAS AL

calvintaneng

Publish date: Sun, 01 Dec 2019, 09:39 PM

by NUR HAZIQAH A MALEK/ pic by RAZAK GHAZALI

THE government is investing RM21.6 billion via public-private partnerships in the National Fiberisation and Connectivity Plan (NFCP) for the next five years beginning 2019 until 2023.

Finance Minister Lim Guan Eng (picture) said the NFCP will widen the coverage of high-quality and high-speed broadband Internet nationally, while also ensuring the services are affordable.

“This will lay the groundwork for a comprehensive implementation of 5G in Malaysia, and give Malaysia a first-mover advantage in the era of Industrial Revolution 4.0 (IR4.0),” he said at the 60th Pan-Asian e-commerce Alliance Steering Committee Meeting in Kuala Lumpur recently.

In 2018, the government reformed the broadband market by implementing the mandatory standard on access pricing, which has made the market more competitive and access cost being cut by at least 30%.

Lim also said the government is executing a plan to provide RM20.7 billion worth of cash and non-cash incentives over the next five years to assist companies to transition to IR4.0.

“After all, either you digitalise, or you will not survive. This is the reality that we have to face.

“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software, it amounts to RM50.3 billion over five years,” he said.

With this, the government plans to aid the digitalisation and future-proofing of the nation’s economy by investing in digital infrastructure, reforming broadband market and urging both small and large businesses to accelerate towards IR4.0.

Read again

“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software, it amounts to RM50.3 billion over five years,”

THIS EXCEEDS THE RM30 BILLIONS CAPEX PETRONAS SET FOR OGSE UPSTREAM JOBS

SO DIGITAL INFRAR COMPANIES LIKE NETX, OPCOM & REDTONE WILL DO EXCEPTIONALLY WELL

2) NETX IS THE RIGHT COMPANY FOR NFCP BECAUSE IT IS NETWORK INFRAR SPECIALIST

IT HAS ALREADY DONE JOBS FOR TELEKOM FOR YEAR 2011 & AFTER WHICH IT REGISTERED 5 SEN PROFIT WHICH CAUSED IT TO GO UP FROM 4 SEN TO A HIGH OF 26 SEN IN YEAR 2012

NOW NETX IS ONLY 2 SEN. A FAR CRY FROM ITS HAY DAY OF 2012 BULL RUN WHICH IS NOW RETURNING BACK VERY SOON

3) NETX'S MISSION STATEMENT CONFIRMS IT IS STILL A DIGITAL INFRAR PLAYER

See

NETX MISSION STATEMENT

Inbox

Calvin Tan calvintaneng@gmail.com

Nov 2, 2019, 10:25 AM (7 days ago)

to penelope.lew

Dear Sir/Madam,

I am a share holder of Netx from Singapore with more than 5 million Netx shares.

I am very happy that Malaysia's latest Budget allocated Rm21.6 Billions for Fiberisation

There are 2 questions I would like to have some assurance

1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818

She said that it will be up soon. May I know when Netx Company website will be up again? Or is there another website for Netx?

2) In the Annual Report of NETX according to Bursa Website at page 5

I quote

COMPANY BACKGROUND

NetX Holdings Berhad is a technology public listed company on Bursa’s ACE market. Founded in 2000, NetX started off dealing primarily in the supply of network equipment and infrastructure. Fast forward to today, the company now pioneers the advancement of disruptive technologies through its subsidiaries in various industries: digital platforms, e-commerce and IT infrastructure among others. In line with the company’s strategy and vision in rethinking possibilities, NetX focuses on existing innovative technologies by making it better with the goal of challenging the markets they operate in. NetX is based on two key business pillars that are strategically operated through its subsidiaries: Ariantec, a network equipment and infrastructure specialist; and PayAllZ, a payment solutions company which was acquired in 2015 as part of its growth strategy. NetX firmly believes in its philosophy of finding new and better ways of doing things through technology. Its businesses are geared toward redefining and challenging established and conventional practices that bring value to the betterment of whole societies.

I noticed these "phrases repeated thrice"

1) NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line)

2) digital platforms, e-commerce and IT infrastructure among others.

3) Ariantec, a network equipment and infrastructure specialist;

Is Netx still supplying network equipment and infrastructure currently?

Digital platforms, e-commerce & IT infrastructure still a pillar?

Ariantec, a network equipment and infrastructure specialist;

According to Bursa filing for year 2011 Ariantec secured a Rm19.7 Million Job order from Telekom,

Are we still in business with Telekom Malaysia Bhd?

I hope you can reply to these simple questions

Thank you very much

Please convey my best regards to Ms Penelope for her professional and prompt reply

Also convey my best regards to Director Tan Sik Eek for his excellent hard work in so many Companies

Yours faithfully

Calvin Tan

Tel: +6014-6101668

+6502-91069127 (S'pore)

Penelope Lew

Nov 6, 2019, 2:53 PM (3 days ago)

to me

Dear Calvin,

Thank you for your email. In regards to your question(s);

You wrote:-

Questions	Answer
1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818 She said that it will be up soon. May I know when NetX Company website will be up again? Or is there another website for Netx?	Our NetX website is currently undergoing a major makeover and is estimated to be up and live within 2 weeks time from now. The website address still remains as www.netx.com.my, so do stay tune for the new look soon.
2) In the Annual Report of NETX according to Bursa Website at page 5, I noticed these “phrases repeated thrice” Ø NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line) Ø digital platforms, e-commerce and IT infrastructure among others. Ø Ariantec, a network equipment and infrastructure specialist; Is NetX still supplying network equipment and infrastructure currently?	Ariantec, the subsidiary of NetX Holdings Bhd, is primarily dealing with supply of network equipment and infrastructure, digital platforms, e-commerce and IT infrastructure among others; and also a network equipment and infrastructure specialist. Currently, NetX is still supplying network equipment and infrastructure on a project basis.
3) Digital platforms, e-commerce & IT infrastructure still a pillar?	Yes.
4) According to Bursa filing for year 2011, Ariantec secured a RM19.7 million Job order from Telekom. Are we still in business with Telekom Malaysia Bhd?	At present as we do not carry trading of network equipment and only supply network equipment and infrastructure on a confirmed project basis.

Thank you again for your enquiry. We hope that we have answered your questions and should you have any further questions please feel free to contact us at any time.

Thank you.

Kindest Regards,

Penelope Lew

FINTEC GLOBAL BERHAD

(Formerly known as Asia Bioenergy Technologies Berhad)
Stock Code : 0150

Lot 13.1, 13th Floor, Menara Lien Hoe,
No.8, Persiaran Tropicana, Tropicana Golf & Country Resort,
47410 Petaling Jaya, Selangor, MALAYSIA

Tel: 03 - 7622 6988 ext 102 | Fax: 03- 7622 6989 | Website: www.fintec.global

The above is the Official email sent from Singapore to Netx email address and the reply

IT IS NOW OFFICIALLY CONFIRMED FOR ALL DEAR NETX SHAREHOLDERS THAT

NETX THROUGH ITS SUBSIDIARY COMPANY = ARIANTEC a network equipment and infrastructure specialist.

This shows that NETX has a very good chance in securing Digital Economy Infrar jobs from the Rm21.6 Billions NFCP Budget for 12 MP (Malaysia Plan)

At present as we do not carry trading of network equipment and only supply network equipment and infrastructure on a confirmed project basis.

VERY GOOD! NETX HAS NO INVENTORY. ITS EXPERTISE IN BIDDING FOR JOBS WILL ONLY COMMENCE ON A CONFIRMED PROJECT BASIS

KINDEST REGARDS

4) NETX IS ALSO CASH RICH WITH CASH RM34 MILLIONS & CASH WITH SUBSIDIARY RM72 MILLIONS

TOTAL CASH OR CASH EQUIVALENT RM106 MILLIONS WHEREAS AT 2 SEN WITH LESS THAN 3.5 BILLION PAID UP CAPITAL TOTAL VALUE OF NETX ONLY LESS THAN RM70 MILLIONS CASH

SO NETX AT TOTAL VALUE OF RM70 MILLIONS IS STILL 30% DISCOUNT TO NET CASH VALUE

5) NETX HAS ONLY RM1.9 MILLIONS LOAN TAKEN FOR A CORNER 3 STOREY SHOP HOUSE WORTH RM5.4 MILLIONS

WITH ALMOST ZERO BORROWINGS NETX IS IN A VERY SOLID POSITION

6) NETX HAS INVESTMENT OF 9.6% IN MLAB. RECENT SPIKE OF MLAB SHARE PRICE HAS GARNERED RM1.6 MILLIONS FOR NETX.

7) ASIABIO/FINTEC HAS INVESTED IN MLAB, FOCUS AND OTHER SHARES WHICH HAVE ALREADY RUN UP IN VALUE

ON AUGUST 2019 FINTEC THRU ITS SUBSIDARY ASIABIO BOUGHT 103 MILLIONS NETX SHARES IN OPEN MARKET AS HIGH AS 2 SEN A PIECE

THAT SHOWS THAT NETX DIRECTORS ARE SANGUINE ABOUT NETX'S FUTURE

THEY ALREADY BOUGHT AT 7 SEN IN YEAR 2015 WHEN THEY TOOK OVER NETX

THEY ALSO TOOK UP NETX RIGHTS ISSUE AT 5 SEN FOR YEAR 2016

WARREN BUFFET LIKES DIRECTOR/INSIDER BUYING UP COMPANY SHARES (IN THIS CASE THEY USE THEIR INVESTED MONIES IN ASIABIO TO TAKE UP HUGE CHUNKS OF NETX

A GOOD SIGN INDEED

8) EMPLOYEES ESOS WAS ALSO AT 4 SEN. PRIVATE PLACEMENT WHICH SHOULD BE POSTPONED TO JAN 2020 ARE NOW FERVENTLY TAKEN UP AT 1.89 SEN & 1.8 SEN (NO MORE BELOW 1.5 SEN AS PP WILL COMMENSURATE WITH CURRENT MARKET TRADED PRICE OF NETX IN OPEN MARKET

9) EVERYDAY THE NEW 4TH INDUSTRIAL REVOLUTION OF E-COMMERCE, DIGITAL BANKING, PAYMENT, EDUCATION, ROBOTICS, AIRTIFICIAL INTEELIGENCE & ALL OTHERS ARE EVER INCREASING IN THE MARCH OF DIGITISATION

THE DIGITAL AGE IS HERE

NETX IS IN THE RIGHT PLACE AT THE RIGHT TIME WITH THE RIGHT SKILL

10) THAT'S IT

WE ARE GETTING NEARER AND NEARER TO JOB AWARD FROM THE RM50.3 BILLIONS BONANZA SPENDING FOR DIGITAL INFRAR EXPANSION LIKE NEVER BEFORE

NOW IS THE TIME TO BUY UP ALL AVAILABLE NETX SHARES AT 2 SEN

BEST REGARDS

Calvin Tan Research

Singapore

Please buy or sell after doing your own due diligence

by NUR HAZIQAH A MALEK/ pic by RAZAK GHAZALI

THE government is investing RM21.6 billion via public-private partnerships in the National Fiberisation and Connectivity Plan (NFCP) for the next five years beginning 2019 until 2023.

Finance Minister Lim Guan Eng (picture) said the NFCP will widen the coverage of high-quality and high-speed broadband Internet nationally, while also ensuring the services are affordable.

In 2018, the government reformed the broadband market by implementing the mandatory standard on access pricing, which has made the market more competitive and access cost being cut by at least 30%.

Lim also said the government is executing a plan to provide RM20.7 billion worth of cash and non-cash incentives over the next five years to assist companies to transition to IR4.0.

“After all, either you digitalise, or you will not survive. This is the reality that we have to face.

“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software, it amounts to RM50.3 billion over five years,” he said.

Read again

“If we look at the total amount announced in Budget 2020, both fiscal hardware and the software, it amounts to RM50.3 billion over five years,”

THIS EXCEEDS THE RM30 BILLIONS CAPEX PETRONAS SET FOR OGSE UPSTREAM JOBS

SO DIGITAL INFRAR COMPANIES LIKE NETX, OPCOM & REDTONE WILL DO EXCEPTIONALLY WELL

2) NETX IS THE RIGHT COMPANY FOR NFCP BECAUSE IT IS NETWORK INFRAR SPECIALIST

IT HAS ALREADY DONE JOBS FOR TELEKOM FOR YEAR 2011 & AFTER WHICH IT REGISTERED 5 SEN PROFIT WHICH CAUSED IT TO GO UP FROM 4 SEN TO A HIGH OF 26 SEN IN YEAR 2012

NOW NETX IS ONLY 2 SEN. A FAR CRY FROM ITS HAY DAY OF 2012 BULL RUN WHICH IS NOW RETURNING BACK VERY SOON

3) NETX'S MISSION STATEMENT CONFIRMS IT IS STILL A DIGITAL INFRAR PLAYER

See

NETX MISSION STATEMENT

Inbox

Calvin Tan calvintaneng@gmail.com

Nov 2, 2019, 10:25 AM (7 days ago)

to penelope.lew

Dear Sir/Madam,

I am a share holder of Netx from Singapore with more than 5 million Netx shares.

I am very happy that Malaysia's latest Budget allocated Rm21.6 Billions for Fiberisation

There are 2 questions I would like to have some assurance

1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818

She said that it will be up soon. May I know when Netx Company website will be up again? Or is there another website for Netx?

2) In the Annual Report of NETX according to Bursa Website at page 5

I quote

COMPANY BACKGROUND

I noticed these "phrases repeated thrice"

1) NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line)

2) digital platforms, e-commerce and IT infrastructure among others.

3) Ariantec, a network equipment and infrastructure specialist;

Is Netx still supplying network equipment and infrastructure currently?

Digital platforms, e-commerce & IT infrastructure still a pillar?

Ariantec, a network equipment and infrastructure specialist;

According to Bursa filing for year 2011 Ariantec secured a Rm19.7 Million Job order from Telekom,

Are we still in business with Telekom Malaysia Bhd?

I hope you can reply to these simple questions

Thank you very much

Please convey my best regards to Ms Penelope for her professional and prompt reply

Also convey my best regards to Director Tan Sik Eek for his excellent hard work in so many Companies

Yours faithfully

Calvin Tan

Tel: +6014-6101668

+6502-91069127 (S'pore)

Penelope Lew

Nov 6, 2019, 2:53 PM (3 days ago)

to me

Dear Calvin,

Thank you for your email. In regards to your question(s);

You wrote:-

Questions	Answer
1) www.netx.com.my website is not contactable. I called Ms. Ho the accountant at your office at +603-78878818 She said that it will be up soon. May I know when NetX Company website will be up again? Or is there another website for Netx?	Our NetX website is currently undergoing a major makeover and is estimated to be up and live within 2 weeks time from now. The website address still remains as www.netx.com.my, so do stay tune for the new look soon.
2) In the Annual Report of NETX according to Bursa Website at page 5, I noticed these “phrases repeated thrice” Ø NetX started off dealing primarily in the supply of network equipment and infrastructure (1st line) Ø digital platforms, e-commerce and IT infrastructure among others. Ø Ariantec, a network equipment and infrastructure specialist; Is NetX still supplying network equipment and infrastructure currently?	Ariantec, the subsidiary of NetX Holdings Bhd, is primarily dealing with supply of network equipment and infrastructure, digital platforms, e-commerce and IT infrastructure among others; and also a network equipment and infrastructure specialist. Currently, NetX is still supplying network equipment and infrastructure on a project basis.
3) Digital platforms, e-commerce & IT infrastructure still a pillar?	Yes.
4) According to Bursa filing for year 2011, Ariantec secured a RM19.7 million Job order from Telekom. Are we still in business with Telekom Malaysia Bhd?	At present as we do not carry trading of network equipment and only supply network equipment and infrastructure on a confirmed project basis.