Singtel's full-year profit slumped to its lowest since 1993, according to Bloomberg data. In November last year, the telco had posted an unprecedented quarterly loss of S$668 million for the three months to Sept 30.

Chua Sock Koong, Singtel group chief executive, said: "This has been a challenging year, given structural shifts in the industry, already soft economic conditions, adverse regulatory outcomes in India and the onset of Covid-19 in the fourth quarter.

"Travel and movement restrictions have led to significant reductions in roaming and prepaid revenues and slowing economic growth has impacted business spend. Despite these challenges, we remained resilient and gained market share in mobile and fixed services in Singapore."

She added that it will be "some months" before the full impact of Covid-19 on the group's business can be ascertained, but said the lockdown has accelerated the take-up of its digital services by both consumers and enterprises.

https://www.businesstimes.com.sg/companies-markets/singtel-q4-profit-falls-257-to-s574m?utm_medium=social-organic&utm_source=Facebook#Echobox=1590632633

klbcivf

Apparently they dont have cash, so forced to sell 30% stake to vending machine vendor to sell their sim card.

Pejuang79
https://www.theedgemarkets.com/article/xoxs-md-eddie-chai-resigns

The Eddie chai woon chet resigned due to "PERSONAL REASON".

https://www.klsescreener.com/v2/announcements/view/3163553

A lot of lies and fake news here

https://www.klsescreener.com/v2/announcements/view/3163553

The 30% private placement is for vending machine only, not 5G. Go to read xox announcement, nothing to do with any big investor. XOX Buy vending machine also dont have money, need people to park 30% private placement of shares, so pityful

FUNDS from get-rich-quick and fake online investment schemes — such as JJ Poor to Rich, AAM Global Corp Sdn Bhd, MBI International Sdn Bhd, Water Beaute World Bhd and Syarikat Island Red Cafe Franchise Sdn Bhd — could have seeped into companies trading on Bursa Malaysia, a source familiar with the matter tells The Edge.

He says the movement of funds resulted in erratic trading of shares of the affected counters. “The stock exchange is one of the ways they use to legitimise their gains,” he said on condition of anonymity.

While the source cites a long list of counters, perhaps one of the most noteworthy is Water Beaute World Bhd, which has been on Bank Negara Malaysia’s “list of known companies and websites which are not authorised nor approved under the relevant laws and regulations administered by BNM” since May 9.

Water Beaute World surfaced as a substantial shareholder in Raya International Bhd (formerly Envair Holding Bhd) on Sept 2, 2015, with 5.61% equity interest or 7.32 million shares, and by the end of the month, it had 8.13% or 10.6 million shares. By the end of May last year, it had accumulated 17.94 million shares, or a 12.51% stake.

On June 10 last year, Water Beaute World sold its entire stake of 12.58% or about 18 million shares. Based on the closing price of 23 sen, Water Beaute World would have received RM4.2 million.

Since then, Raya International’s share price has not moved much.

Back when Water Beaute World was a shareholder, for no apparent reason, the share price surged more than 40% within a week to hit 36 sen on May 30, 2016. It is unlikely that Raya International, which makes air filter and carbon cartridges, could generate such interest on the strength of its earnings potential alone. For the first three months of FY2017, the company posted a net profit of only RM548,000 from RM23.10 million in sales.

While this churning may seem to be nothing out of the ordinary, WBW Global Sdn Bhd and AXD System Global Sdn Bhd — which have the same registered address (in Taman Shamelin Perkasa) and same business address (in Taman Bayu Tinggi, Klang) as Water Beaute World — have surfaced in Anzo Holdings Bhd (formerly Harvest Court Industries Bhd).

Water Beaute World and AXD share a director and shareholder in Lui Leong Eng, who has 25% in Water Beaute World and 89.2% in AXD.

WBW Global surfaced in Anzo at end-November 2016 with 18.86 million shares or 6.30% equity interest, while AXD surfaced on Jan 10 this year with 15.70 million shares or a 5.23% stake. AXD ceased to be a substantial shareholder after selling seven million shares on April 21.

From end-January to mid-April, Anzo’s share price gained more than 130%, from 23 sen to 54 sen. Since mid-April, it has fallen to regular levels and closed last Friday at 23.5 sen. A check on Anzo’s annual report indicates that WBW Global has 6.31% equity interest in the company and Water Beaute World has 3.68%.

But WBW Global is not cited as a substantial shareholder in Anzo. The largest shareholder with 22.38% is Datuk Chai Woon Chet.

Anzo, whose mainstay is timber products, suffered a net loss of RM4.63 million from revenue of RM12.26 million for the financial year ended March 31, 2017.

WBW Global surfaced as a substantial shareholder in Plastrade Technology Bhd on April 19, 2016, with 5.57% equity interest or 8.65 million shares. AXD surfaced on Nov 18 last year with a stake of 7.91% or 11.90 million shares. WBW Global ceased to be a substantial shareholder on the same day after selling 7.97 million shares.

AXD, meanwhile, accumulated 21.79 million shares or a 14.49% stake in Plastrade, but has yet to sell any shares although the share price has gained more than 290% from end-January to mid-May.

Plastrade, which manufactures polyethylene products, suffered a net loss of RM77,000 from revenue of RM12.74 million in the first three months of its 2017 financial year.

Last Friday, Plastrade ended trading at 34.5 sen.

Other erratic share price movements that defy logic include those at Seacera WA. Its share price shot up from four sen to 25 sen on April 14 before tumbling to 6.5 sen the next day. It then rose to 15.5 sen (when?).

Seacera WA was suspended from trading on April 27 and the last day to exercise its warrants was May 16, a day before it was de-listed.

Two other companies — Vizione Holdings Bhd and XOX Bhd — are linked to Anzo’s Chai. Chai is an executive director at Vizione but does not have a substantial shareholding. At XOX, he is managing director and is not a substantial shareholder as well.

Interestingly, XOX’s largest shareholder with 3.08% is WBW Global, while Water Beaute World has 3.01% equity interest.

赚到朋友见好就收咯~还没买想买的朋友小心咯~xox老板我也很熟下～哈哈~老板喜欢炒anzo 和xox两下就跑人咯~喜欢炒股的OK咯～买来收的就...看看这10年来xox市场就知道咯~越做越差~kl有多少人用呢?华人还有几个啦~其他族的少之又少咯很多听都没听过这个牌子～哈哈

https://www.klsescreener.com/v2/comment/966559

https://www.theedgemarkets.com/article/newsbreak-funds-illegal-schemes-seep-bursa

Bagus xox, please push higher 6.0 so I can sell higher before pushing it crash down together gather hehehe.

Tomorrow continue to line up BUY XOX 1-5 MIlion 3.5 to 4.0 cents, and SELL 4.5 to 5.5 cents. We earn hell lots of money by doing this over the past 2-3 weeks .... once Short Selling SSD, next plan short selling to push until 2.5 to 3.0 cents for double profits hehehe, and buy back. Keep repeat the cycle, fry fry XOX, xox mee goreng sedap! Let's do it for netx and all pennies :)

The price has factored in all, CIMB is stable and strong, this is a good fundamental stock

Singapore number 2 telco also goes down...never trust news without numbers exposed

https://www.straitstimes.com/business/companies-markets/starhub-q1-profit-drops-257-on-covid-19-hit-plans-to-fast-track-rollout

Why is BIMB priced higher than CIMB

XDL is not PN17 company

Haha the comment here is damn hilarious, all these investors wanted to buy MBB at low price, but not gonna happen. Maybank will not happen, and survive many crisis with stronger financial reserves. Ignore those morons here

CIMB has huge loan book, 100% provision to whole o&g will not hurt them, we can see huge profit still

All global telcos suffered big loss during shut down, here people are overly optimistic that XOX will profit. Xox has never show good profit over past 10 years. Regarding 5G and project, Xox does not have cash and no telecommunication facilities, big player will not consider Xox for cooperation

https://www.straitstimes.com/business/companies-markets/telco-shares-are-surprise-losers-as-coronavirus-lockdown-drives-internet