Cross-border trading, whether Malaysian or non-Malaysian, can trade from any place in the world...for example now, warrants got 1,700 tickets/investors interested to buy >118 million units..means you need 40 buses to fetch them if each bus can carry 40 passengers. So, that's how serious the buyers. Who want to short?
Malaysia a step closer to going cashless, says Visa KUALA LUMPUR (Sept 20): Digital payments are becoming the preferred payment method in Malaysia, with 70% of consumers preferring to visit merchant sites that accept digital payments compared to those that only accept cash, according to the Visa Consumer Payment Attitudes Study 2018. In a statement today, Visa Inc said among the merchant categories that consumers expect higher usage of digital payments are large shopping malls (65%), supermarkets (60%) and bill payments (57%). "Over half of the respondents expect their use of digital payments to increase over the next year," it said. Visa said the respondents believe the digital payments are convenient, hassle free and accepted widely. They also believe that going cashless offers better payment security and allow them to track their expenditure better, it said. However, for small transactions, the respondents still prefer paying with cash. Visa country manager for Malaysia Ng Kong Boon said the financial services corporation sees a similar trend based on its VisaNet data, where the total value of consumer spending on Visa and number of transactions have shown double-digit percentage increase year-on-year. "There are, however, continued opportunities for growth as cash still accounts for more than 60% of consumer spending in Malaysia," he said. Ng said Visa has been focusing its efforts on expanding merchant contactless acceptance in Malaysia, adding that the nation is now one of the fastest growing countries in Asia Pacific in terms of contactless payment usage. "To date, we have enabled contactless payments acceptance in major merchant categories such as petrol stations, supermarkets, quick service restaurants and laundromats. "We are confident that our goal of becoming a cashless nation is moving a step closer because merchants and consumers appreciate the frictionless payments experience brought about by digital payments," he said.
It is about your willingness..let's aim for RM0.30 (Wb) because the mother is RM0.70 and the conversion price is RM0.40 only. Once the RM0.27 can be cleared..it could shoot to where it should be belonged.
How often we can see Warrants are saleable at discount?
2. As such company is still in teething phase of finding its niche in THE DIGITAL ECONOMY
3. To survive management has done its utmost to raise capital. Looks like few banks are willing to finance this start up. So Netx raise its capital by
1. Issuing Esos to Netx employees as high as 4 sen. They raised rm6. 5 millions
2. Then by private placements as high as 5 sen
3. Finally mcquarie Bank invested rm20 millions in Netx shares at 4 sen a piece
All of them are holding Netx shares as high as 4 sen to 5 sen
Now Netx has very little borrowings and still got Rm37 millions in Cash
Rm37 millions is about 1.2 sen per share BUT netx is so bombed out that is share price has even fallen below cash value
4. As value investor Calvin sees Netx as a potential buy for these reasons:
A. At 1 sen with Nta of 3 sen Netx is selling at a whopping 66% discount which is more than Ben Graham requirement of 33%
B. Of the 3 sen nta 1.2 sen is pure cash
C. Netx could be like hibiscus stilling looking its port of gold here and there till hibiscus struck oil
D. So netx has a very very good survival and prosperity chance going into THE DIGITAL ECONOMY FAT YEARS OF THE NEW IT AGE FOR MALAYSIA
E. TODAY EPF IS GOING ONLINE. THE FIRST IN THE WORLD TO GO INTO THE CLOUD OF CYBERSPACE
F. NETX OFFICIAL WEBSITE STATED THAT IT HELPED TO BUILD TELEKOM INFRASTRUCTURE IF TELEKOM GETS RM11 BILLIONS OF THE 12MP JOB FOR FIBERISATION THEN NETX WILL GET SOME VERY SUBSTANTIAL JOBS
5. ALL THE EXPENSES OF DIRECTORS (NO CE0 WILL SAVE ON HIGH SALARY) ARE LISTED IN TRANSPARENT MANNER
6. MY RESERVATION WAS NONE OF THE NETX DIRECTORS OWNED NETX SHARES. BUT THEN I DISCOVERED SOMETHING
7. DIRECTORS OF NETX ALSO OWN SHARES IN ASIABIO. AND ASOABIO HAS BOUGHT TENS OF MILLIONS OF NETX SHARES FROM THE OPEN MARKET IN AUGUST 2019
8. WHY INVEST SO MUCH IN NETX BY USING ASIABIO UNLESS THEY ARE SANGUINE ABOUT NETX PROSPECTS IN COMING BUDGET
9. BECAUSE OF THE ABOVE FACTORS CALVIN THINK THERE IS A 70/30 CHANCE NETX WILL BOTH SURVIVE AND PROSPER GOING INTO YEAR 2020
10. WHY YEAR 2020?
BECAUSE YEAR 2020 IS THE YEAR OF THE DIGITAL ECONOMY
YEAR 2019 HAS BEEN A VERY VERY POWERFUL BULL RUN TIME FOR OGSE STOCKS DUE TO PETRONAS RM30 BILLIONS CAPEX
SO WITH RM21. 6 BILLIONS CAPEX FOR THE NATIONAL FIBERISATION THE BULL RUN BATON WILL PASS ON TO INTERNET RELATED STOCKS FOR THE NATION OF MALAYSIA
On 26 Aug WB was RM0.175 and the OS was RM0.615 so discount for the Warrants was RM0.04 (always remember that the Conversion price is RM0.40 , so people do convert the Warrants to OS regularly, no mistake.
IF you piurchased the Wb at RM0.175 a month ago, where there were numerous discouraging comments/opinions, your profits already more than half at RM0.275 now.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3388 views | 3 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
beinvested
2,445 posts
Posted by beinvested > 2019-09-19 15:14 | Report Abuse
Cross-border trading, whether Malaysian or non-Malaysian, can trade from any place in the world...for example now, warrants got 1,700 tickets/investors interested to buy >118 million units..means you need 40 buses to fetch them if each bus can carry 40 passengers. So, that's how serious the buyers. Who want to short?