KUALA LUMPUR: A giant telecommunications group from China is betting on Malaysia to expand its fifth generation (5G) technology and is eyeing several companies here to help build the network.
Sources said the Chinese group was investing billions of ringgit on 5G technology this year, despite the Covid-19 pandemic.
"They are seeking partners with 5G capabilities and have targeted a few companies here. They hope to start talks post-movement control order," said a source.
It is understood that the group was looking at Green Packet Bhd and XOX Bhd, which are 5G-ready.
Green Packet's shares rose to a new multiple-year high yesterday, gaining as much as 23 sen or 19.01 per cent to RM1.41- a level last seen in 2010.
XOX, which has about RM35 million cash on hand, currently offers the most competitive and innovative 4G data plan, and is focusing to build 5G infrastructure in the region.
The company's shares surged 11.11 per cent amid active trading on Friday to close at five sen, giving it a market capitalisation of RM54.62 million.
The counter increased one sen with 154 million shares traded.
Early this year, XOX partnered with Advance Tech Communication Sdn Bhd (ATC) to launch 4G and 5G smartphones, with additional satellite communication capabilities termed XPLORE.
XOX will be the first telco to market and distribute the products to its users across Southeast Asia.
Its executive director Steve Tan has said that the company aimed to provide a unified network plan by integrating XOX's prepaid plans and messaging platform with ATC's extensive satellite emergency services.
"XOX is a good target for investors. XOX is ranked fifth in the telecom sector and is the number one MVNO company in Malaysia with current customer base reaching almost three million, including prepaid and post paid mobile phone users.
"The stock is relatively very cheap. It is currently the cheapest telecom stock on the local bourse and has potential upside," the source said.
Last month, XOX inked an agreement with DGB Asia Bhd to collaborate in the deployment of up to 1,000 next generation AI vending machines.
This move is in line with XOX's strategy to focus on different silos of its business to build up its revenue streams.
An analyst who spoke on condition of anonymity said telecom stocks were expected to rally as the sector was making handsome profits amid the Covid-19 pandemic.
"Valuations of telecom stocks are becoming attractive again and the sector is expected to grow at an accelerated rate with the current shifts happening in digital landscapes such as 5G, the Internet of Things and artificial intelligence.
"If you look at Maxis, Celcom and DiGi, the stocks are all up. We can expect a new high in telecom stocks this year," he said.
for The PP ,if it is a good investment and if company really sign more agreement for the AI stuff after MCO,then only investor willing to take up 30% pp.the price will be fixed later ,if they push to above 10cents ,then the pp price could be 8 to 9 cents after 20 discount..looks like they are going push up for the pp
Key Alliance Group Bhd plans to import South Korean reverse transcription-polymerase chain reaction (RT PCR) test kits to meet Malaysia’s demand for Covid-19 testing. It’s subsidiary Key Alliance Sdn Bhd has been given full power of attorney and made a local representative of ITDF Co, Ltd, to register, promote, market, sell and distribute Wells Bio Inc’s Care Gene COVID-19 RT PCR Test Kit.
EY ALLIANCE GROUP BERHAD [Registration No. 609953-K] PRESS RELEASE FOR IMMEDIATE RELEASE Key Alliance appointed as local representative for Care Gene Covid 19 RT PCR Kit Petaling Jaya, 22 May 2020 - Key Alliance Sdn Bhd, a wholly owned subsidiary of Key Alliance Group Bhd, has this week been given a full Power of Attorney, and appointed as local representative of ITDF Co, Ltd (Seoul, South Korea), to affect the registration, promotion, marketing and sales and distribution of Wells Bio Inc's Care Gene Covid-19 RT PCR Test Kit. The Power of Attorney gives Key Alliance full authority to begin engaging the relevant regulators and authorities in Malaysia to register the PCR Test kit for import, marketing and sales and distribution locally. "With the current situation of Covid-19, reaching a potential second wave internationally, testing requirements are expected to balloon in the coming months. Whilst the Malaysian government has actively sought to provide adequate testing facilities and resources to the general public, there has to be increased contribution from the private sector, if the economy is to be returned to normalcy as soon as possible.", said Managing Director Roy Ho. Key Alliance Group Bhd has in the past few months mobilised its existing IOT and Software partners to implement a Post MCO Business Reboot strategy, coupling existing technologies into an integrated cloud platform for more automation, digitisation and integrity of data storage for businesses looking to start up operations in this new paradigm. The final piece of the process for many companies is the SOP requirement of providing frequent testing for their staff. With Government sanctioned operations at full capacity, the onus should fall on the private sector to assist providing safe environments for their customers and employees. By inking this arrangement, Key Alliance is able to offer an end to end approach for business mobilisation and continuity in this current environment of the new normal.
KEY ALLIANCE GROUP BERHAD (609953-K) Lot 18.2, 18th Floor, Menara Lien Hoe, No. 8 Persiaran Tropicana, 47410 Petaling Jaya, Selangor Darul Ehsan, Malaysia. Tel: +6 03 7880 7725 Fax: +6 03 7805 3863 Key Alliance will immediately move to affect the registration of the test kits for import and distribution, as demand for PCR test kits are expected to surge if a second wave of Covid 19 hits. PCR test kits are deemed more accurate and officially preferred by Malaysia's MOH than other rapid test kits, in news released dated May the 8th (please refer to the following link: https://codeblue.galencentre.org/2020/05/08/moh-bars-covid-19-rapid-tests-over-medicolegal-issues/ ). This unique opportunity allows Key Alliance to analyse first hand the commercial viability of diversifying its mainstream technology business into Digital Healthcare, with diagnostic equipment trading, digital medical platforms, hospital grade IOT sensors and big data collection as a segue of its current focus.
PP very low price. Sell to ikan bilis who chased high.
Tyre220069 for The PP ,if it is a good investment and if company really sign more agreement for the AI stuff after MCO,then only investor willing to take up 30% pp.the price will be fixed later ,if they push to above 10cents ,then the pp price could be 8 to 9 cents after 20 discount..looks like they are going push up for the pp 21/05/2020 2:09 PM
This counter push up and down ,not easy to make money from this counter,but lately they already have 3 deals relating to covid19,looks like more is coming. For PP I believe they already have the investor and the price agreed by them..they must have shown the deals to convince the investor ,depend on tomorrow if the price can exceed 10 cents ,that means the pp will be at least 10 cents .for 30 pp ,only about 20mil to be raised.no body is so silly to invest rm20 mil ,when there are so many cheaper counter in Bursa unless they are very confident the share price will go up to 20 cents due to many deals relating to covid 19 are coming..only my 2 cents.
I personally don’t surprise that this stock could go up to 50 cents.. u see, test kits will be use in every gov and private hospitals and clinics , pharmacies and locals organisations.. gov don’t approve China test kit and Korean test kit seem more accurate.. imagine if MoH approved this .. it will be a breakthrough for this stocks...
Force selling day i think today for those acquired last before raya days. So if it can absorb it, tomorrow will be no more barrier. Straight to 0.115 resistance.
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shine7
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Posted by shine7 > 2020-05-19 14:27 | Report Abuse
0.015 sia.. no power push, forever stuck lehh