Based on month-end opening & closing prices

Date Price Open High Low Vol.
Nov 20 0.125 0.105 0.130 0.095 157.97M
Oct 20 0.105 0.150 0.175 0.105 164.66M
Sep 20 0.144 0.291 0.389 0.140 161.90M**************Consolidation in Sept 2020
Aug 20 0.015 0.010 0.025 0.010 4.71B

15-20sen, for tomorrow, nothing is impossible, fingers crossed

Date Close Volume
05/11/2020. 0.125. ~156mil
04/11/2020 0.115 170,114,300
03/11/2020 0.10 22,745,700
02/11/2020 0.10 15,774,400
30/10/2020 0.105 8,089,700
28/10/2020 0.12 653,000
27/10/2020 0.12 3,567,700
26/10/2020 0.115 2,413,300
23/10/2020 0.12 3,333,300
22/10/2020 0.13 6,231,200
21/10/2020 0.13 8,978,900
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200
09/10/2020 0.16 14,594,100
08/10/2020 0.145 4,890,100

Yong Ket Inn
Malaysian, 63 years old
Independent Non-Executive Director

Mr Yong Ket Inn is an Independent Non-Executive Director of NetX appointed on 9 June 2015. Mr Yong holds an honours in Bachelor of Science, in Management and Administrative Studies from University of Aston in Birmingham.

Mr Yong is a fellow member of the Institute of Chartered Accountants in England and Wales and Malaysian Institute of Taxation. He has been a member of the Malaysian Institute of Accountants since 1987 and has over 25 years working experience in the field of accounting, auditing and taxation. He started his career at a Chartered Accountants firm in England. During his career, he held the position of Head of Finance in various offshore engineering and shipbuilding companies, integrated steel mill and IT companies.

Mr Yong does not hold any shares in NetX. He is the Chairman of the Audit Committee and also a member of the Nominating and Remuneration Committee. He does not have any family relationship with any Director or major shareholder of the Company and has not been convicted of any offences within the past 10 years other than traffic offences and has no conflict of interest with NetX.

Tan Sik Eek
Malaysian, 44 years old
Executive Director

Tan Sik Eek (Steve) is an Executive Director of NetX appointed on 21 April 2015. Steve majored in Economics and Political Science at the University of Sydney, Australia.

Steve brings with him more than a decade of experience ranging from corporate finance advisory to private equity investments. He was previously a Partner at House of Qin Ltd, a Beijing-based private equity firm focused on investing in companies seeking growth funding and pre-IPO capital. Prior to that, Steve was the South East Asia Partner of Value Creation Strategies Sdn. Bhd., a Kuala Lumpur-based advisory firm specializing in securing funding from a series of established North America global hedge funds, for companies listed on the regional capital markets.

Steve previously held positions in Devonshire capital LLC, a boutique investment bank headquartered in Hong Kong, as well as in the corporate finance division of RHB Investment Bank.

He does not hold any shares in Netx. He is also a Director of Asia Bioenergy Technologies Berhad and China Automobile Parts Holdings Limited. He does not have any family relationship with any Director or major shareholder of the Company and has not been convicted of any offences within the past 10 years other than traffic offences and has no conflict of interest with NetX

Tech stocks refer to any stock involved in the technology sector, from semiconductor producers to software providers. Tech stocks are often a leading indicator for the economy and the stock market.

Sell like hot cakes daily.

KLSE : NETX-WC NETX HOLDINGS BERHAD
Last Price Today's Change Day's Range Trading Volume
0.04 0.00 (0.00%) 0.035 - 0.045 66,729,200


Date Close Volume
04/11/2020 0.04 70,553,600
03/11/2020 0.04 46,221,700

The Bursa Malaysia Construction Index rose 4.3% to 163.66 as one of the leading sector indices on Thursday.

In comparison, the index of financial services was up 1.4% while the property sector added 2.72%. Investors also showed robust interest in technology stocks, which rose 5.36% and plantations grew 3.25%.

Year-to-date, the Construction Index is down about 22% and is trading at a price-to-earnings ratio of 41.26 times, according to Bloomberg data.

Struggling small and medium enterprises (SMEs) could see wage subsidies extended, and digital adoption grants increased and extended. There could also be allocations for rental subsidies, as well as tax waivers to help keep SMEs afloat,” said MARC.

Yang muflis dah muflis at 9.5sen. Now otw to 20sen+++ to create new millionaires for both traders n investors

Netx is a new entity with new ownership

Mgmt buyout by tan, Yong n charissa ~40%

Yesterday and today , 30-4O% total issued shares traded... new substantial shareholder emerging probably

Sabarlah , bila harga jatuh menuduh pihak lain menipu, bila harga sedang pulih juga menuduh pihak lain menipu. Gila

big funds dah masuk dah.. banyak dana mari, bukan?

yesterday 170mil =+ 120mil ++ ~ 300mil x say 12sen +RM36mil ++

today 61 mil units++ traded.... 4sen... so in demand

warrant
Recent Prices
Date Open Range Close Change Volume
04/11/2020 0.04 0.04 - 0.05 0.04 0.00 (0.00%) 70,553,600
03/11/2020 0.04 0.035 - 0.045 0.04 0.00 (0.00%) 46,221,700

qty traded tak banyak dulu... kini... satu hari dah melebihi 100 juta ++

5/11/2020 now 12.5sen 122mil shares++ traded... back to oct 12, 17sen ?

Recent Prices
Date Open Range Close Change Volume
04/11/2020 0.10 0.10 - 0.12 0.115 +0.015 (15.00%) 170,114,300
03/11/2020 0.10 0.095 - 0.11 0.10 0.00 (0.00%) 22,745,700
02/11/2020 0.105 0.095 - 0.105 0.10 -0.005 (4.76%) 15,774,400
30/10/2020 0.115 0.105 - 0.115 0.105 -0.015 (12.50%) 8,089,700
28/10/2020 0.12 0.115 - 0.12 0.12 0.00 (0.00%) 653,000
27/10/2020 0.12 0.115 - 0.125 0.12 +0.005 (4.35%) 3,567,700
26/10/2020 0.12 0.115 - 0.12 0.115 -0.005 (4.17%) 2,413,300
23/10/2020 0.125 0.12 - 0.125 0.12 -0.01 (7.69%) 3,333,300
22/10/2020 0.13 0.12 - 0.135 0.13 0.00 (0.00%) 6,231,200
21/10/2020 0.14 0.13 - 0.14 0.13 -0.01 (7.14%) 8,978,900
20/10/2020 0.14 0.14 - 0.145 0.14 0.00 (0.00%) 4,131,700
19/10/2020 0.145 0.14 - 0.15 0.14 0.00 (0.00%) 7,777,700
16/10/2020 0.15 0.14 - 0.15 0.14 -0.01 (6.67%) 7,777,700
15/10/2020 0.15 0.145 - 0.155 0.15 0.00 (0.00%) 3,656,000
14/10/2020 0.155 0.15 - 0.165 0.15 -0.01 (6.25%) 14,174,900
13/10/2020 0.155 0.15 - 0.16 0.16 +0.005 (3.23%) 3,426,000
12/10/2020 0.17 0.155 - 0.175 0.155 -0.005 (3.12%) 13,841,200

MGMt buyout, finexia deal, etc ... chasing by many now

Uptrend big funds sapu. Ikan bills takda kuasa

Volume traded 170mil shares++ yesterday, now 120mil shares

Warrant 4sen out of stock

Yesterday shares traded 170mil++, hari ini half session, ~120mil shares pula. Irresistible bagi traders

15-20sen, soon, consult your fund manager

Warrant traded ~50m units .. something hot otw

Very high volume traded since yesterday

~120mil shares traded so far today. Australian finexia group mau acquire netxkah?? :)

Calvin did the right thing, advising existing shareholders to subscribe for the RI.

Current price~RI price. 13Sen~1ord share 11.5sen+ 1/2war 2sen=13.5sen

Finexia, Australian listed group also uses netx services? :)

Warrant traded , rising ~8mil

So early ~6mil warrants traded

Date Close Volume

05/11/2020. ???
04/11/2020 0.115 170,114,300
03/11/2020 0.10 22,745,700
02/11/2020 0.10 15,774,400
30/10/2020 0.105 8,089,700
28/10/2020 0.12 653,000
27/10/2020 0.12 3,567,700
26/10/2020 0.115 2,413,300
23/10/2020 0.12 3,333,300
22/10/2020 0.13 6,231,200
21/10/2020 0.13 8,978,900
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200
09/10/2020 0.16 14,594,100
08/10/2020 0.145 4,890,100

Warrant traded 70mil units++ yesterday. Today?

Dah siap atau finexia dah jadi new substantial shareholder netx? :)


.thestar.com.my › 2020/04/29
NetX teams up with Finexia to roll out forex digital ... - The Star
29 Apr 2020 — KUALA LUMPUR: NetX Holdings Bhd has teamed up with Finexia Securities Ltd, a licensed financial ...
Imagewww.theedgemarkets.com › article
NetX inks deal to deploy forex platform with in-built e-wallet ...
29 Apr 2020 — The group's wholly- owned E-FX Sdn Bhd has inked a two- year collaboration agreement with Finexia ...
Imageaustralianfintech.com.au › netx-tea...
NetX teams up with Finexia to roll out forex digital platform ...
NetX Holdings Bhd has teamed up with Finexia Securities Ltd, a licensed financial services firm in Australia, to roll out a ...
Imagestocknews.my › posts › netx-inks-de...
NetX inks deal to deploy forex platform with in-built e-wallet ...
29 Apr 2020 — The group's wholly- owned E-FX Sdn Bhd has inked a two- year collaboration agreement with Finexia ...
Imagemarkets.ft.com › equities › tearsheet
Finexia Financial Group Ltd, FNX:ASX summary - FT.com
12 Oct 2020 — Latest Finexia Financial Group Ltd (FNX:ASX) share price with interactive charts, historical prices,

Yesterday more than 170mil shares traded, 20%++ of total issued capital. Expecting flying higher upon opening :)

Consult your fund mgr

Tech stocks will fly today probably


2 HOURS AGO
Wednesday’s rally by the numbers

The Dow gained 367.63 points, or 1.34%, for its third-straight positive session
The Dow is down 2.42% year to date
The S&P 500 gained 2.21% for its third-straight positive session
The S&P 500 is up 6.58% year to date
The Nasdaq Composite gained 3.85% for its third-straight positive session
The Nasdaq is up 29.18% year to date
Russell 2000 small caps gained 0.05% for its third-straight positive session
The small cap index is down 3.2% year to date.
— Jesse Pound

Agreement, kecil atau pun besar, Akan ditandatangani satu per satu, kan?

OTHERS NETX HOLDINGS BERHAD - COLLABORATION AGREEMENT WITH DGB NETWORKS SDN. BHD.

NETX HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description NETX HOLDINGS BERHAD
- COLLABORATION AGREEMENT WITH DGB NETWORKS SDN. BHD.
(Unless otherwise defined in this announcement, all terms used herein shall have the same meaning as those defined in the announcement dated 9 October 2020.)



Reference is made to the Company’s announcement made on 9 October 2020.



NETX Holdings Berhad wishes to further announce that pursuant to the Collaboration Agreement, DGB Networks will purchase up to 1,000 units of contactless payment terminals to aid cashless and e-wallet payment solutions from GEM Pay gradually and according to the deployment of smart machines. The estimated consideration for the disposal of up to 1,000 units of the contactless payment terminals to DGB Networks will be around RM700,000.



This announcement is dated 14 October 2020.

Sesiapa Telah jual, bukan cut loss tapi tak dapat recover loss :)
@
stockraider CORRECTLOH...GOD MARAH ITU NAYSAYERS...KASI TURNAROUND MAH...!!

KASI MEREKA PAISEH LOH....BCOS THEY ARE VERY THICK SKIN MAH..!!

CORRECTLOH...HOW SOHAI LIKE 3iii & MIKE COMPENSATE NETX INVESTORS WHO LISTEN THEM & HAVE CUT LOSS LEH ??

Posted by BuahCiku > Nov 3, 2020 10:40 PM | Report Abuse

Aiyo..another advice to all the jokers everyday kutuk Netx one...if one day Netx really turnaround...what will you do to compensate those cutloss after listen to your stupid advice ...you feel proud of that kah...proud to cause many to cutloss kah...really no heart one leh..want Netx close shop but proven it still open shop with more money injected into the company wo...what the heck you all not paiseh kah..predict close shop but Netx still survive leh..not like this kah..lol..really hate to see those so called eggspurt behave until so cheap leh...lol....aiyoyo..kikiki
04/11/2020 6:52 PM

Date Close Volume
04/11/2020 0.115. 170,114,300
03/11/2020 0.10 22,745,700
02/11/2020 0.10 15,774,400
30/10/2020 0.105 8,089,700
28/10/2020 0.12 653,000
27/10/2020 0.12 3,567,700
26/10/2020 0.115 2,413,300
23/10/2020 0.12 3,333,300
22/10/2020 0.13 6,231,200
21/10/2020 0.13 8,978,900
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200
09/10/2020 0.16 14,594,100
08/10/2020 0.145 4,890,100
07/10/2020 0.145 3,305,000

Hitting limit up after lunch break probably :) wait n see

~10mil shares traded. Wow mother at 10.5sen & warrant at 4.5sen Dah habis stok

Buy n hold, surely good news are otw , more n more, consult your fund mgr

Now, Cheaper than mgmt buyout price indeed :)

:)


A spinoff from billionaire Jack Ma’s Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.

CHINA’S Ant Group, which is about to make the biggest public sale of shares ever, poses a basic conundrum: what kind of company is it – a financial colossus or a tech giant?

That is important for investors before and after the initial public offering of US$34.4bil, surpassing Saudi Aramco’s record US$29.4bil float last year. Shares are expected to start trading tomorrow in Shanghai and Hong Kong.

A spinoff from billionaire Jack Ma’s Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview. The Hangzhou-based giant benefits from the far richer valuations the market affords to tech firms than to financial institutions. It hopes to escape the closer scrutiny of financial regulators, analysts say.

China’s central bank and financial regulators met on Monday with Ma and top Ant executives as Beijing published draft rules for online micro-lending.

One rule would require firms like Ant to shoulder default risks together with banks, while limiting leverage and lending amounts - all approaches used to regulate banks. An Ant spokeswoman said the company would “implement the meeting opinions in depth”.



Ant launched in 2004 as Alibaba’s payments processor. Its core Alipay app has more than 730 million monthly users in China. It has also built an empire connecting China’s borrowers and lenders, securing short-term loans within minutes. It has branched out, using artificial intelligence and other sophisticated techniques to facilitate not just payments and loans but products from insurance to wealth management.

This means, Ant says, it is chiefly a technology vendor for financial institutions. Ma has called it a “techfin” rather than a “fintech” outfit.

Sceptics find this argument unconvincing. They say financial regulators are unlikely to turn down the heat on a company that only this year changed its name from Ant Financial. Ant Group declined to comment for this article.

‘Tech in our DNA’

Tech teams, not finance bankers, at most of Ant’s underwriter banks are leading the IPO, people with knowledge of the matter told Reuters. They have secured tech-style pricing. The dual listing values Ant at US$312bil, or 31.4 times its forecast 2021 net profit, in the same ballpark as Alibaba, trading at 27.6 times forward earnings and New York-listed peer PayPal at a 45 multiple.

Some investors think Ant should be valued at up to US$400bil or more in the IPO, two sources said. Compare that with, say, Industrial and Commercial Bank of China, the world’s biggest bank by assets, at a multiple around 6.

Two or three years ago, Ant began its fin-to-tech shift as Chinese regulators heightened scrutiny to control financial risks in the system. Last year the company for the first time made most of its revenue from fees generated by its digital finance technology platform.

Ant executives regularly stress that technology is in the firm’s DNA. “Since our inception over 16 years ago, digital technology has been part and parcel of everything we do, ” CEO Simon Hu said recently.

More than 60% of Ant’s employees are engineers and programmers, its prospectus says. It provides high-tech risk analysis but leaves lending decisions to the banks, two sources said. And unlike banks, which traditionally rely on collateral to determine creditworthiness, Ant’s risk-modelling algorithms leverage data it has collected, analysts say.

Patriarch Ma, who has propelled the shift to a tech identity, recently called financial regulation outdated, badly suited to companies trying to use technology to drive financial innovation.

But China’s financial regulators are only growing warier about financial technology. They consider Ant’s business model of matching borrowers and lenders mainly a financial service.

Ma’s remarks on regulators point to a deep conflict between fintech development and financial regulation, said Ji Shaofeng, a former official at the China Banking and Insurance Regulatory Commission.

“Although Ant is trying to phase out of its financial identity and emphasise itself as a digital technology firm, the dominant part of its revenue, which comes from its credit business, and its high leverage ratio have always attracted the wide notice of both regulators and the capital markets, ” Ji wrote in a column for the financial news outlet Caixin. Ant’s most lucrative business, consumer credit, is based on interest income.

The firm takes an average 30%-40% cut of the interest on loans it facilitates, analysts estimate.“That’s why the profit written in Ant’s prospectus is so lucrative, even more lucrative than banks, ” one source said. “Business-wise, you can see Ant as the interbank counterpart of all the lenders.”

A management buyout is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or non-artificial person. In its simplest form, a management buyout (MBO) involves the management team of a company combining resources to acquire all or part of the company they manage. Most of the time, the management team takes full control and ownership, using their expertise to grow the company and drive it forward. Purpose. Management buyouts are conducted by management teams as they want to get the financial reward for the future development of the company more directly than they would do as employees only. A management buyout is appealing to professional managers because of the greater potential rewards and control from being owners of the business rather than employees.

A management buy‐out is the acquisition of a business
by its core management team, usually (but not always)
in coordination with an external party such as a credited lender or PE fund. The size of the buy‐out can range considerably depending on the size and complexities of the business, but one aspect that all MBOs have in common
is the core management team taking an equity stake in the business. Depending on the intentions of the current shareholder base, the buy‐out will represent a controlling acquisition stake in the business, if not a full 100% acquisition.
The motivation for the buy‐out typically arises from the owner/vendor looking to retire and wanting to provide the current management team an opportunity to take part in the future growth of the business. Common practice
is to have the management team fund the buy‐out with a portion of their own capital in order to ensure they are actively incentivized to grow the company. The amount management is required to invest is typically material enough to ensure their ongoing commitment to the success of the business.
Stakeholder motivations in a buy‐out can be complex,
but they tend to come down to one thing, value. Current shareholders want to be fairly compensated for their hard work over the years in helping to build the company, while management wants to ensure they purchase the business at a fair price to generate future value.

At 45sen, ask your fund manager

52 Weeks Range: 0.395 - 1.65

Back to 16sen for initial stage hopefully.

Date Close
02/11/2020 0.10
30/10/2020 0.105
28/10/2020 0.12
27/10/2020 0.12
26/10/2020 0.115
23/10/2020 0.12
22/10/2020 0.13
21/10/2020 0.13
20/10/2020 0.14
19/10/2020 0.14
16/10/2020 0.14
15/10/2020 0.15
14/10/2020 0.15
13/10/2020 0.16
12/10/2020 0.155
09/10/2020 0.16
08/10/2020 0.145
07/10/2020 0.145
06/10/2020 0.145

Good start today. Warrant 4-4.5sen, mother 10-10.5sen. Recovering in stages

Cannot fly now. How? :)

RM0 Dear Guest, your AirAsia flight AK 516 from KUL-HAN on 15Nov20 has been cancelled. Pls check your email for more info.