INVESTORS BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum again.

Is the following one yet another share goreng news release made earlier today in this forum ?
“ C.C. Puan, the CEO at Packet One Networks (P1), a major wireless broadband provider focused on becoming an established mobile telecom by making access to the Internet a great experience for Malaysian residents, is planning to acquire a digital banking license ; ..., Getting the digital bank license will enable us to provide life-improving digital innovations and unlock more financial services for the masses especially the underserved.”

Seriously speaking, could GP qualify? I THINK THE ANSWER IS A “NO”.

1. Until today, there was NOT A SINGLE OFFICIAL ANNOUNCEMENT made by GP to Bursa Malaysia or at even at GP’s own Company website on the above. Could it be because concerned party want to make “goring news” release but also want to avoid legal liabilities ?

2. GP's finance performance over the last 10 years was a shamble. Total losses from FY 2009 to FY 2019 amount to a staggering RM1, 018,352,000 (RM 1.02 Billion). Reference: see I3INVESTOR > RESEARCH > FINANCIAL > Last 10 FY

3. It is important to point out that Bank Negara’s objective of issuing digital licence to a qualified company is for such a company to be able to serve the underserved poorer community in Malaysia, people who have no access to the normal banking system because they do not qualify due to lack of credentials or collaterals.

Can you believe that GP, under its current management and financial position could do that? I would think that only a well-managed efficient, low cost company with good past records can do that. I also could not find any official GP announcements at Bursa Malaysia or at GP Company website.

As a side example for comparison. I think a potential digital banking licence bidder could be MYEG.
MYEG had officially made many e-financial business announcements over the past few years at Buesa Malaysia and also at company website.

Some MYEG announcements are extracted below.
1. MY EG Islamic Finance Sdn. Bhd- The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

2. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

3. MY E.G. Services Berhad ("MYEG" or "the Company") - Memorandum of Agreement entered between National Bureau of Investigation, I-Pay MYEG Philippines Inc. and I-Pay Commerce Ventures, Inc. The Board of Directors of the Company wishes to announce that its joint venture company, I-Pay MYEG Philippines Inc. together with I-Pay Commerce Ventures, Inc. had on 17 December 2018 entered into a Memorandum of Agreement with National Bureau of Investigation ("NBI") to implement the NBI’s Electronic Payment and Collection System (“EPCS”), including the installation and operation of the EPCS as well as other related services such as online registration, online appointment, online payment, and help desk/support capabilities. Please refer to the attachment for further details. This announcement is dated 21 December 2018.

icst1975 INVESTORS PLEASE BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum.

Very regrettably, I found out that most GPacket " news " which were released in this forum and also appeared in the form of paid advertisement news release in media like STAR were not backed up by GP official company announcements made to BURSA MALAYSIA, which should also be found at GPACKET Company Website.

For example, I found out that GPacket had not made any announcements at BURSA Malaysia regarding its collaboration with Tencent. There was also no such news announcement made at GPacket company website.

I therefore would strongly recommend to potential investors to check official announcements made by GPacket at

(1) Bursa Malaysia
A very good and friendly website to get Company announcement is

https://www.malaysiastock.biz/Latest-Announcement.aspx

Type GPacket to access all Announcements by the company.


(2) GP Company Website.

https://www.greenpacket.com/investors-relations

Best wishes to all genuine investors .

INVESTORS BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum again after "milking" a few tens to a few hundred millions from innocent public investors in May 2020.

“Green Packet partners Tencent Cloud for e-KYC offering” ; Star News 14th May 2020.

This "news" was actually an advertisement written and paid for publication in STAR Business by concerned party. Anyone can read this news advertisement as it is not locked. Star news written by Star reporters, and which were not paid advertisements cannot be accessed by public who have not subscribed to STAR. They can only see news title and the first few lines.
Was it Goreng news or was it a serious important business undertaking?
I checked the official Bursa Malaysia website where listed Companies make their announcement. I also checked GP Company Website. I could not see any announcement relating to GP collaboration with Ten Cent.

Like GPACKET, G3 is another company with extremely poor business performance, making big losses totalling -108m ringgit in 8 years out of last 9 financial years .

31/12/2019 31/12/2018 31/12/2017 31/12/2016 31/7/2016
-15,776 -17,147 -12,798 0 -14,327

31/7/2015 31/7/2014 31/7/2013 31/7/2012 31/7/2011
-4,646 -10,384 888 -13,418 -20,515


Another Goreng stock to cream money from innocent investors ?

DIGITAL BANKING. I think a potential digital banking licence bidder could be MYEG.
Why I say this is because MYEG had officially made many e-financial business related announcements over the past few years.

Some MYEG announcements are extracted below.

1. MY EG Islamic Finance Sdn. Bhd- The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

2. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

3. MY E.G. Services Berhad ("MYEG" or "the Company") - Memorandum of Agreement entered between National Bureau of Investigation, I-Pay MYEG Philippines Inc. and I-Pay Commerce Ventures, Inc. The Board of Directors of the Company wishes to announce that its joint venture company, I-Pay MYEG Philippines Inc. together with I-Pay Commerce Ventures, Inc. had on 17 December 2018 entered into a Memorandum of Agreement with National Bureau of Investigation ("NBI") to implement the NBI’s Electronic Payment and Collection System (“EPCS”), including the installation and operation of the EPCS as well as other related services such as online registration, online appointment, online payment, and help desk/support capabilities. Please refer to the attachment for further details. This announcement is dated 21 December 2018.

EPF & KWSP are net buyers.

Have a good weekend.

Relax and have some patience.

As a long term investor in MYEG, I am very positive about MYEG business model, management quality, fast responses to changes in business environment and ability to turn adversities into business opportunities as shown in how the company responded in the on-going COVIC-19 pandemic through new innovative products which can be implemented quickly not only in Malaysia but also in Philippines. This may not bring immediate profit but is a free advertisement for the Company to build their brand name.

Only about 20% of MYEG annual revenue is from fees charged related to government services, the rest are from all other e-services they provided to users of their e-portal. MYEG business model has been that they do not charge the government any fees but users of their service pay a small fee for the conveniences through using their e-portals.

MYEG business footprints have successfully expanded far beyond Malaysia e-government services (which what many investors have in their mind) and also beyond the Malaysia boundaries.
In the coming years, positive and growing contribution is expected to come from Philippines and Indonesian. Like in Malaysia, the main revenue is expected to come from various auxiliary services they can sell to users of their e-portals / platform in these countries. Like in Malaysia, this will take time to grow as the population get more and more acquainted to use the e-portals/ platform provided versus going in person to the government departments which cost a lot more time and travel cost. These counties have population which are much bigger than Malaysia. Jakarta alone has a population of about 15 million.
1. Have expanded E-government services to Philippines and Indonesia through strategic partnership with local companies that have strong relationships with the respective governments. GST system was initially tested in Jakarta has been accepted by several other cities.
2. MYEG has been building up its e-financial services. It is very likely to be able to obtain a digital banking licence base on the strength of its already in place footprint in the financial sector, its strong cash balance position, and its innovativeness in IT services and other IOT space.
A few of MYEG’s financial business related announcements found at Bursa Malaysia website include
i. MY EG Islamic Finance Sdn. Bhd: The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

ii. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet

iii. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

Best wishes to all MYEG investors.

INVESTORS, PLEASE BEWARE:
GP has not make any announcement at official Bursa Malaysia Website,.
The "good news" can also not be found at GPacket official website.

Refers to Cryptotrader "Take private at 0.40"

Must be a joke !
1. GP would NOT be taken private. Companies which are taken private are those that make a lot of profits year after year but the market valuation is comparatively very low. Owners don;t think they need to raise money from the public and would rather take it private.

2. GP lost over a billion ringgit 2009 to 2019. Off loading WB to the public,engineering up the share price so that WB holders are lured to subscribe the shares at 40 cents.
25/06/2020 10:14 PM


Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June:
Technical Summary
15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell

Chart wise it is on an uptrend. But it is useful to set your cut loss if price drops . Top 30 share holders hold about 90%, balance float only 10% . So the stock is quite cornered in the market !

GREATEC currently is at PE of about 39X. However it is forecasted to grow at >15% and the 2021 PE at current share price could decrease to 28X The . It has quite high ROE 28% and profit margin around 25%.

Chart wise: GREATEC has been trading above its upward sloping 20-Day Moving Average which is a good sign. The next resistance level is quite far at 4.05. Exit if dop below 3.40.

icst1975 Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June.

Technical Summary

15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell
25/06/2020 10:01 PM

Refers to Cryptotrader "Take private at 0.40"

Must be a joke !
1. GP would NOT be taken private. Companies which are taken private are those that make a lot of profits year after year but the market valuation is comparatively very low. Owners don;t think they need to raise money from the public and would rather take it private.

2. GP lost over a billion ringgit 2009 to 2019. Off loading WB to the public,engineering up the share price so that WB holders are lured to subscribe the shares at 40 cents.

Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June.

Technical Summary

15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell

Please make GP company news announcement in Bursa Malaysia and put them at GP Website.
If they are not, I am pre sure, the so call "announcements cannot be believed seriously. They are more for trapping the unsuspecting public, for exciting the share price and misleading investors for the benefit of share goreng gang.

" SpartanFury This is only a possible speculation and I haze zero proof behind it... nut is it possible that qr for GP is so good and that's why CCP is constantly picking up shares... as he is confident it will jump once it's out.."

Agree with many points you said above BUT one thing I am very sure about is that GP will never qualify to get a digital banking licence. GP just does not qualify in the next few years if ever it can turn around.

1. The company's finance over the last 10 years were just a shamble. The total losses from FY 2009 to FY 2019 amount to a staggering RM1,018,352,000 ( RM 1.1 Billion). One way or another these were losses to share holders.
2. There were many signs that indicate that VIP puan puan & gang troopers appeared to be manipulating share prices and making tens if not hundred of millions out of the public investors.
3. Objective of issuing a digital licence to a qualified company is for such a company to serve the underserved poorer community in Malaysia, people who currently have no access to the normal banking because they don;t qualify due to lack of credentials or collaterals. You think GP under its current management and financial position can do that ??

Company like MYEG has express interest in digital banking licence, I think a Co. like MYEG will more likely qualify. Useful to look at how MYEG performed.in the past versus GP.

Reference to:
"Victor Yong Becoming a subsidiary of tencent is the best option. Associate company, G3, is considering venture with China Giant companies too. :) "

Investing public, please BEWARE.
1. There was no official announcement n Bursa announcement on the above.
2. It was also not announced in GP official website under Investor Relation news release.

I personally DO NOT BELIEVE there is going to be anything substantial out of the above It may just be semi- FAKE in substance and it may not being much if any +ve profit contribution. Let's just be patient and wait for GP's results in the next few quarters. I tend to suspect that there would be many more quarter of losses again !!

" Victor Yong Tak tau, mungkin puan mau sai Lang semua syernya kepada tencent atau tm nanti
Dia Dah Beli 20mil shares++ Bulan ini "

" Tarrance Schu today him average price 0.565
25/06/2020 5:57 PM "

"xuxu Puan is keep accumulating. not rumors hehe
25/06/2020 5:58 PM"

BEWARE! BEWARE!
1. Cyber troopers ( could they be VIP puan puan's troopers ??) are coming again promoting their good rosy stories again.
2. If CEO Puan is sincere in owning more Gp shares , why was he not converting the many tens of millions of free warrants-B to ordinary shares ??
Why were hundred of millions of Gp-WB off loaded to the innocent public investors ??
25/06/2020 6:25 PM

Reference to the comments
"Victor Yong Puan pandai, sekarang baru Beli syer GP banyak banyak :)
25/06/2020 6:25 PM
Victor Yong Ramai spekulator buy high dulu, kini Jual Murah balik kepada puan. Cerdik :)"

Questions to the above:
1. So are you saying that VIP puan puan & his gang goreng goreng GP shares and WB, in the process the public investors in GP become victim of their financial greed?
In effect they are misleading GP investors taking away tens of millions their hard earned money
2. Is VIP puan puan and gang working hard to return GP back to profit making or are they spending their time on Goreng stock ??
3. What can investors expect from such a company ?

" Victor Yong Tak tau, mungkin puan mau sai Lang semua syernya kepada tencent atau tm nanti
Dia Dah Beli 20mil shares++ Bulan ini "

" Tarrance Schu today him average price 0.565
25/06/2020 5:57 PM "

"xuxu Puan is keep accumulating. not rumors hehe
25/06/2020 5:58 PM"

BEWARE! BEWARE!
1. Cyber troopers ( could they be VIP puan puan's troopers ??) are coming again promoting their good rosy stories again.
2. If CEO Puan is sincere in owning more Gp shares , why was he not converting the many tens of millions of free warrants-B to ordinary shares ??
Why were hundred of millions of Gp-WB off loaded to the innocent public investors ??

The Cyber troopers are back to promote a great story. GP management had been very poor in managing GP business, losing RM165m in 8 years out of the last 10 years.
Can they make profitable business in the coming years ? Let us wait and see in the next few quarterly results.According to the Cyber troopers, Gp should be a major business beneficiary of Covic -19. Let's see the results first before commiting your hard earn money to the syndicate gang.

Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."

My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company !
Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.

MYEG announcement dated 22 May 2020: The Board of Directors of MYEG (“The Board”) wishes to inform that on 21 May 2020, MYEG has received an official notification from the Government to continue with the provision of the E-Government Services until 30 June 2020. The Board wishes to further inform that on 22 May 2020, MYEG has received an official notification from the Government to continue with the provision of the Immigration Related Services until further notice. This is to allow the Government sufficient time to finalise the status of the extension of these Agreements subsequent to their expiry on 22 May 2020.The Board is currently committed to pursue the extension of the Agreements from the Government. Should there be any further developments on this matter; the Company will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad.
Since above announcement and based on latest notification, the major shareholders had increased or maintained their MYEG share holdings.
1. MYEG CEO Mr Wong TS had bought another 4m shares at RM1.28 to 1.48 increasing his shareholding from to 1077m shares on 27 May 2020.
2. Substantial shareholder EPF had increased shareholding from 208m (20th May 2020) to 232m shares on 18 June 2020.
3. KWSP (Government Pension Fund) has maintained MYEG shareholding at 198m shares.
4. Company bought another 7m company shares (at RM1.29 – 1.34) increasing the total treasury shares to 152m.
As the Insiders have increased confidence on MYEG future, I believe they are expecting good news to come out soon.

Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."

My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company !
Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.

Perhaps most of those exciting paid news release are meant to be forgotten after their games were over.

If company wants to release business information, they should first announce in through Bursa website and also Company News Release under Investor relation.. Don't see them in these proper official channels !!

"maybe puan also kena game....."
Could the likes of puan puan and tuan tuan ne innocent ?
If yes, there would not be so many paid advertisement news releases and cyber trooper gang member working in this forum repeating a lot of insider information about the company "deals" and that so greatly excited the share prices such that with little effort, the share prices were pumped up for the benefits of the syndicate. The like of puan would have put a stop to it as they would have constituted unauthorise release of company information.

24 June 2020 5 pm technical chart reading: Not looking good as 20-day moving average is sloping downward and price action is below Moving Average line. This is compounded by the recent bearish breakout of the support level of 0.645. This bearish breakout was compounded by a higher than average volume which shows the bearishness of the traders to push the price lower the support level to a lower price level.

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.
25/06/2020 5:45 AM

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.
25/06/2020 5:45 AM

24 June 2020 5 pm technical chart reading: Not looking good as 20-day moving average is sloping downward and price action is below Moving Average line. This is compounded by the recent bearish breakout of the support level of 0.645. This bearish breakout was compounded by a higher than average volume which shows the bearishness of the traders to push the price lower the support level to a lower price level.

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.

GPACKET Technical Summary Date: 24 June 2020 Time: 4.45 pm

TYPE 5 mins 15 mins Hourly Daily Monthly

Moving Averages Strong Sell Strong Sell Strong Sell Strong Sell SellTech.

Indicators Strong Sell Strong Sell Strong Sell Strong Sell Buy

SUMMARY STRONG SELL STRONG SELL STRONG SELL STRONG SELL NEUTRAL

Comparison of REVENUE with GHLSYS :

Revenue should perhaps be compare with a much bigger and longer listed peers, GHLSYS.
1. REVENUE’s net profit margin is a lot higher, about 15% of its gross revenue than GHLSYS which had a low profit margin of only about 8%. In past years.
2. REVENUE’s return of share holder equity (ROE) is also much higher at 10 – 15% compared to GHLSYS whose ROE has been rather low at 6.0% - 7.5%
3. GHLSYS had been trading at a PE of 50x to 85x in the last 5 years whilst REVENUE, listed in 2018, had been trading at PE of 20x to 50x
4. REVENUE is a growth company. Future profit is forecasted to grow significantly. Below is analyst forecasted profit and future PE.
Year 2018 2019 2020F 2021F 2022F
Profit forecast,mln 6.8 8.7 10 13.9 15.9
Profit Growth p.a. 28% 11% 39% 14%
PE at shr price RM1.21 50 36 31
5. REVENUE is growing and innovating to provide a new generation online payment platform whereas GHLSYS seems to be lagging behind basing largely on old generation EDC’s .

Green Packet Berhad, an investment holding company, researches, develops, manufactures, markets, and distributes wireless networking and telecommunication products, networking solutions, and other technology products and services in Malaysia and internationally.
Forecast Cash Runway: GPACKET has sufficient cash runway for 1.2 years if free cash flow continues to reduce at historical rates of 11.8% each year.
RISK ANALYSIS
1. Earnings have declined by -57.25% per year for the past 5 years. GPACKET is currently unprofitable.
2. Very large share dilution due to WB conversion. Still another 350m WB that would be converted into ordinary shares.
3. GPACKET has sufficient cash for 1.2 years if free cash flow continues to reduce at past historical rates of 11.8% each year due to losses.
4. Among the top shareholders, Kendall Court Capital Partners Ltd was the only Institutional shareholder. However, Kendall Court had also completely sold out its 10% share-holding . No announcement was made in Bursa Malaysia as Kendall Court was disposing Gpacket shares in May- early June 2020. Note: This would appear to be against Bursa regulation.
VALUATION
1. PE Ratio: GPACKET is unprofitable, so we can't compare its PE Ratio to the Communications industry average.
2. Price to Book Ratio: GPACKET is overvalued based on its PB Ratio (2.4x) compared to the MY Communications industry average (0.9x). That is base on Price to Book ratio valuation, Gpacket it is about 2.7 times as expensive compare to an average profitable company in the same industry.

"errrrr tencent just partnered with them?"

We need to ask ourselves the following questions .

(1) If there is an important business partnership which had been formally sealed, a partnership which is going to transform the Company's future business performance, why was there no formal announcement in Bursa Malaysia? Why were there no announcement at the official Gpackage Berhad Investor relationship section as an important Announcement ?

(2) Why were so many exciting business announcements in April and May that were actually paid news advertisement announcement that appeared in News media like Star where all non subscribers can see them? Many other news media like Sun Daily, etc , read the advertisement announcement which are not copy right and then report again and it appears in many other news media.

In respect of tencent, I think it might be a deal which is at no loss to tencent. Many other companies may also be able to sign up a deal with Tencent to use their technology. I guess the more the better for Tencent. Why not ? Question is can Gpacket turn into a profit making business.

Would it be likely that big projects worth tens or even hundreds of millions come to company which could not even manage its finance properly over a decade ? Can such company win big gov't projects?

I think if you are in charge of selecting a suitable company to partner with or to execute your project, you would choose a financially strong company?

Such a Company would have to prove from smaller projects and gradually perform better and better. This will take years even if they can transform themselves .

Only less than 2 months ago, the Kendall Court story was one of the boost er stories for GPACKET share price and now 新加坡私募基金Kendall Court·卖完绿驰10.8%持股 !
In late 2018, GPACKET issued 450million FREE WB on the basis of 3 free WB for every 1 right share subsribed. The exercise price of WB is 40 cents.
GPACKET share price was pumped up from around RM0.60 in early May to around RM1.60 in 3rd week of May2020. WB price naturally rose correspondingly from around 30 cents to about 50 Cents when GPacket shares were at about RM1.50. Many public investors (to diffentiate them from the “wolves”) thought that warrant B would be worth about RM1.50- RM0.40 (which is the exercise price) and so they keep buying warrant B. Very high volumes of warrant B were transacted at increasingly higher price as the mother share was pump up. Owners of the warrant B who were given 3three (3) free warrants for every right share they had subscribed in late 2018 must be happily dumping to the innocent public investors. Imagine 3 free warrants B selling at RM0.45 = RM1.35 !
Some public investors rushed to convert the free warrants to ordinary shares at RM0.40 but the mother shares dropped back to RM1.0 in less than 1 trading day on 19 May and then over the next 5- 8 trading days down to 90 cent, 80 cents 70 cents...
Did any insider “wolves” convert their warrants to mother share? I think the answer is NO. I think most, if not all their free warrant-B had been dumped to the innocent public investors at RM0.40 - RM0.55. By 3 week of May 2020, the wolves were probably richer by a few hundred millions, money from the innocent public investors who had great hopes and much rosy imagination of owning the shares of a soon to be great company in the making with all the great business news (actually paid advertisement by the insiders in the news media).
Having creamed tens (if not hundred) of millions from the public investors in a matter of a few weeks, are the wolves not able to buy back some shares which have dropped back in price to below RM0.70 now ?Sure they can ! it will give the public investors a good impressions. The key question is did they converted any Warrant-B or have they dumped to the public ? If the substantial share holders (5% or more ) have converted their warrabt-B, it would be announced in Bursa. The answers is very clear. None of them have !
So watch out. Public investors, please take good care of your hard earned money when dealing with companies with very poor past performance and the future performance is yet to seen. As the CEO said not too long ago when asked point blank by business reporter, they expect to turn around in a couple of years. This was not the first time it was said over the last 10 years.

GPACKET share prices were pumped up to around RM1.50 in April - May. The WB price went up from around 20 cents to around 50+ Cents when GPacket shares were pumped up to RM1.50. During that period , many investors thought that warrant B would be worth about RM1.0 (RM1.50- RM0.40 exercise price ) and so they keep buying Warrant B. Very high volumes of warrant B were transacted. Original holders of warrant B who were given 3 FREE warran B for every right share they subscribed in late 2018 must be dumping like mad to the innocent public investors. Imagine 3 FREE warrants B sold to you at RM0.40 - to RM0.55 = RM1.20 to RM 1.65 ! What else could be more profitable ? It is not easy to make profit in a listed company let alone outstanding profit performance as you can dee in Gpacket financial performance in the last 10 years. - losing some RM650m in 8 years and some minor "profit" in 2 years.

Many public investors rushed to convert the free warrants to ordinary shares at RM0.40 but the mother shares dropped back in price to 80 cents - 70 cents.

Did the insider convert their warrants ?? I think NO . I think most, if not nearly all their warrant-B had been dumped to the public at RM0.40 - RM0.50. Now they are probably richer by a few hundred millions from all the innocent public investors. Are they not able to buy back the shares which have dropped back in price to below RM0.70 now. Sure they can ! it will give the public investors a good impressions. The key question is they have not converted any Warrant-B. The public would be contributing their hard earned money to the company.

So watch out. Public investos, please take good care of your hard earned money when dealing with companies with no proveb past credentials and whose share prices were pump up and dumped to the public.

Most of the great exciting " news release " they made in late 2019 and before mid May 2020 were Company written articles for which they had to pay advertisement fee s to be published in popular news media (e.g. Star Businees). Everyone can read these articles, not just those who subscribed to STAR , because they were paid advertisement which were opened for everyone to read. Articles investigated and written by STAR reporters are not opened for reading unless you are subscriber. YOu can only see the title and the first 2 lines.
Why do't Gpacket announced the "deals" in Bursa Malaysia or at Gpack Co. Website ? I think the reasons are obvious. Once announce in Bursa website of Company Website, they are permanaetly there are legal implications.

So take care.

Refer to "Gpacket is for medium to long term..."
Don't think it is a good idea to invest in a company which had made huge losses 8 out of the last 10 years. The management team had not changed much . It is better to wait till they turn around before considering whether it is worth investing.

https://www.thestar.com.my/business/business-news/2020/06/23/kendall-c...

This one is a true news reported by STAR. You will find that you cannot read the whole written article unless you are a STAR subscriber.

Many important Gpacket news in past months were written articles and paid for publication as advertisements by the concerned people in STAR. Such articles (which were effectively advertisements) were not locked and can be read by anyone.

So be very careful when considering investing in company that has no proven results but "promise" rosy hope which may never materialise.

Gpacket had been losing money in eight out of the last 10 years, cumulatively losing more than RM 550 mln over that period ! ! Not so long ago, CEO said that Gpacket might be able to turn profit making in one to two years time. There had been many releases of important business News which I think were written and paid by concerned people for publication in news media (like Star Business). They definitely had played a major part in exciting the market, helping to pump up the share price in past months before the fast drop later. Many investors unfortunately had been led to butcher house.
It is time to ask the question why such important business news were not officially announced at the Gpacket Company website, under news media release section, nor were they announced in Bursa Malaysia website. Could this avoidance of potential future legal liability ? We all know that News released in News media were " forgotten" pretty soon by public.

So be very careful when considering

Gpacket had been losing money in eight out of the last 10 years, cumulatively losing more than RM 550 mln over that period ! ! Not so long ago, CEO said that Gpacket might be able to turn profit making in one to two years time. There had been many releases of important business News which I think were written and paid by concerned people for publication in news media (like Star Business). They definitely had played a major part in exciting the market, helping to pump up the share price in past months before the fast drop later. Many investors unfortunately had been led to butcher house.
It is time to ask the question why such important business news were not officially announced at the Gpacket Company website, under news media release section, nor were they announced in Bursa Malaysia website. Could this avoidance of potential future legal liability ? We all know that News released in News media were " forgotten" pretty soon by public.

So be very careful when considering investing in company that has no proven results but "promise" rosy hope which may never materialise.

Refers to " My Eg & Gpacket like abang adik lots of news .." above.

Gpacket cannot be compared in the same boat as MYEG.

Gpacket had been losing money in eight out of the last 10 years., cumulative losing about RM 550 mln of share holders money over that period ! ! Not so long ago, its CEO said that Gpacket might be able to turn profit making in one to two years time. I think it is more like a "Goreng" . Multiple release of News written and paid in news media (like Star Business) served to excite the market leading many investors to butcher house. We need to ask the question why such important business news were not announce at their
official Gpacket Company website , under news media release, nor they announced in Bursa Malaysia. I think it has to do with avoiding legal liability. News released in Newsmedia were " forgotten" pretty soon !

Base on current share price, EFORCE's PE is about 42 times. This very high PE is only justified if company has a very high and consistent profit growth. However,EFORCE shows little to no growth in its revenue and profit over the last 10 years.

EFORCE is a software solution company. Examples of other software solution companies include OPENSYS and SCICOM which are selling at about 20x and 15x PE ratios. These companies have have consistent high profit growth over the years . OPENSYS share price has increased by more than 100% in the last 1 month, but the PE is still only about 20x.

So is EFORCE current share price cheap ? I think at its current share price it is way over value !

Base on current share price, EFORCE's PE is about 42 times, whereas MYEG 's PE is only about 21 times. Base on PE multiples, EFORCE is twice as expensive as MYEG.

EFORCE is a software solution company. Examples of other software solution companies include OPENSYS and SCICOM which are selling at about 20x and 15x PE ratios. OPENSYS share price has increase by more than 100%v in the last 1 month, but the PE is still only about 20x.

So is EFORCE current share price cheap ?

If the back door listing deal does not materialise, the share price would likely drop back to the level before which was around RM0.10 +/-

Until the terms of the back door listing deal are sealed, the share value of CONNECT is higher uncertain and thus speculative.

CONNECT, however, may be a candidate for back door listing by a viable business entity.