Posted by Agjl > 2020-06-22 20:18 | Report Abuse

Tarrance bro...lets not get panic too soon and not so fast past judgement. There could be many possibilities kendall is selling out. It could be the entrance of anither tech player or another high profile indovidual or corporation. Also it could be left hand to right hand vuy unlikely cos at 80sen. And it could be passing to strategic investors who wants yo gpreng ot and amake a quick buck...so there are many possibilities...just wait out and see. If u are not conforttable then just sell and enter later.

Just read an article, it says the tech play could be larger than the pandemic play. Lets hope so. Cheers

Posted by chkhooju > 2020-06-22 20:45 | Report Abuse

Get out and move on.

Posted by onionchong > 2020-06-22 21:10 | Report Abuse

I bought at 0.97 previously. Cut loss at 0.75. Lesson learnt.

Posted by PresidentRotiCanai > 2020-06-22 21:11 | Report Abuse

2molo fly, no more selling pressure

Posted by Chua Joe Beng > 2020-06-22 21:41 | Report Abuse

Kendall n Summit have relinquished their shares n ceased to b substantial shareholders of GPacket! Are they d woes of d share price turbulence GPacket is encountering lately? What will b d aftermath for GPacket after loosing their participations?

Posted by PresidentRotiCanai > 2020-06-22 22:35 | Report Abuse

Become GRocket

Posted by Elepek > 2020-06-22 22:42 | Report Abuse

Why buy above 1 lets all queue below 40 sen, then we can beat them don’t buy first rilek rilek

Posted by chkhooju > 2020-06-22 23:04 | Report Abuse

Tomorrow fly? Oh yes, it will definitely FLY DOWN! Maybe eat more roti canai might help a little.

Posted by LearningInvestor > 2020-06-22 23:04 | Report Abuse

Kendall may have faced the earlier customers redemptions due to the pandemic situations like other private equity funds which have to sell off some of their longer term investments earlier. Anyway if people were willing to pay 0.80 for 60m shares yesterday and others were also paying 0.80 on another 100 m gpacket shares -all these should be considered a good thing as they must have strong confidence on what gpacket is doing and have seen the great potentials from the areas like AI, IOT,cloud computing and the potential of digital banking. Those who want to invest in gpacket have to be patient with this turn around company. When Microsoft started involving in the cloud computing, 5 years ago its price was only around 40 plus and now its near 200 (even though Microsoft is not depending 100 % on cloud computing but certainly cloud computing is contributing significantly to its share price movement ). So patient is important.

Posted by chkhooju > 2020-06-22 23:10 | Report Abuse

Onionchong, thank God you stop loss. Good play. No heart feeling. You win some, you lose some. Move on and I sincerely hope you can make more winnings in other counters to make up for your loss. Good luck to you. May God bless you always.

Posted by Agjl > 2020-06-22 23:51 | Report Abuse

Dun need to be too optimistic or pessimistic. If one expect quick gain, should go invest or punt in glove counters. Those can guve u instant 30% gain, or loss in a day. Probably that is more interesting.

GP is too slow for some and its still making losses. So itsbhars to convince for some

Posted by jutawansenyap > 2020-06-23 00:40 | Report Abuse

Keni+371..ayo.. Where got T4.Now only T3.today biggest contra player. Thats y cannot move up.

Posted by jutawansenyap > 2020-06-23 00:42 | Report Abuse

Read the owner comments. Buyer is new investor who got relationship with company.

Posted by mf > 2020-06-23 07:03 | Report Abuse

Iraq expects higher crude revenue in July, selling oil at $34-$35/b: report
in Oil & Companies News 23/06/2020

Posted by trader99 > 2020-06-23 07:42 | Report Abuse

bro mf, GP sekarang sudah jual minyak pulak kah..?

Posted by Everybodyhuat > 2020-06-23 08:09 | Report Abuse

@jutawansenyap. Where is the comment?

Posted by MingGoon > 2020-06-23 08:17 | Report Abuse

busy collecting/adding Gpacket.
next new high 0.785.
pass this level, another new high 0.865
then.... RM1 & beyond....

Gpacket has presence/business in banking area, school, digital... tencent....cloud computung...hospital .....ewallet.....

The CEO has been busy collecting and accumulating Gpacket...
At each dip, collect more....
That why you hardly see Gpacket high high..
We retailer also follow the example, collect now...

One day Gpacket will be like mini Microsoft....
Think about that !

Posted by Khoo810 > 2020-06-23 08:34 | Report Abuse

Kendal court big disposal..
Something wrong in this goreng company.
Sell !!!

Posted by keni371 > 2020-06-23 08:37 | Report Abuse

hopefully its non issue ... else jia lat today huge T+4 177.4mil share

Posted by stressedesserts > 2020-06-23 08:49 | Report Abuse

@khoo810 panic for no reason haha wait and see who's becoming the new substantial shareholder. The transaction was at 0.8 anyway with a high premium

Posted by TambahMakanBetul > 2020-06-23 09:31 | Report Abuse

.

Posted by clp72 > 2020-06-23 09:34 | Report Abuse

really no luck with this counter

Posted by keni371 > 2020-06-23 09:36 | Report Abuse

who is selling?

Posted by Sheng1 > 2020-06-23 09:46 | Report Abuse

bought 0.69 now 0.65@@

Posted by BostonMaxwell > 2020-06-23 09:47 | Report Abuse

Just wait

Posted by Tarrance Schu > 2020-06-23 09:51 | Report Abuse

haha...everday drop sikit sikit menjadi bukit....

Posted by ticktock > 2020-06-23 10:01 | Report Abuse

19 Jun 2020 Disposed 100,000,000 SUMMIT SYNERGY LIMITED
19 Jun 2020 Disposed 100,000,000 KENDALL COURT MADAM LIMITED
heading back to 0.58.....

Posted by Tarrance Schu > 2020-06-23 10:02 | Report Abuse

ticktock 19 Jun 2020 Disposed 100,000,000 SUMMIT SYNERGY LIMITED
19 Jun 2020 Disposed 100,000,000 KENDALL COURT MADAM LIMITED
heading back to 0.58.....

*ticktock.......SUMMIT SYNERGY LIMITED = KENDALL COURT MADAM LIMITED...

haha

Posted by Good123 > 2020-06-23 10:06 | Report Abuse

Green Packet’s group managing director and chief executive officer Puan Chan Cheong (pic) is the company’s biggest shareholder, with a direct stake of 10.22% as at June 12. He also holds an indirect stake of 16.9% via Green Packet Holdings Ltd.

PETALING JAYA: Singapore-based private equity (PE) firm Kendall Court has ceased to be a substantial shareholder of GREEN PACKET BHD, after it disposed of its entire stake in the international telecommunications and technology group.

In a filing with Bursa Malaysia, Green Packet said Kendall Court, via its wholly-owned unit Summit Synergy Ltd, had disposed of 100 million shares or its entire 10.9% stake via a direct business transaction.

The disposal, which took place in a few tranches last Wednesday to Friday at 80 sen a piece, represented a significant premium of close to 16% over the closing price of the Green Packet stock on Friday of 69 sen.

When contacted, Kendall Court founder Chris Chia said the disposal was part of the PE firm’s move to rebalance its portfolio and that it still believed in the Green Packet growth story. He said the PE firm did not rule out investing in Green Packet again in the future.

He declined to reveal to whom the stake was sold off to but added that it was to parties that are likely to contribute to Green Packet’s digital journey.

“We divested due to our own internal processes. We still continue to believe in the growth story of Green Packet and hope to participate in that growth in the near future.”

Kendall Court is an investment firm that manages equity-linked and mezzanine investments across South-East Asia and has deployed and managed over US$600mil in the region. It has invested into the natural resource, healthcare, consumer and telecom industries over the past decade.

The PE firm emerged as a substantial shareholder in Green Packet in September last year, when it acquired 65 million shares in via a direct business deal at a price of 70 sen a share or a 7.1% stake in the company.

In February this year, it bought another 35 million shares in Green Packet, raising its stake to over 10%.

Green Packet’s group managing director and chief executive officer Puan Chan Cheong (pic) is the company’s biggest shareholder, with a direct stake of 10.22% as at June 12. He also holds an indirect stake of 16.9% via Green Packet Holdings Ltd.

Green Packet has been actively growing its business.

Last month, it teamed up with Internet giant Tencent Holdings Ltd to leverage on the latter’s cloud services for the provision of eKYC (electronic know your customer) to businesses in Malaysia, particularly banking and financial institutions.

KiplePay Sdn Bhd, a wholly-owned subsidiary of Green Packet, will leverage on Tencent Cloud’s facial recognition and machine learning capabilities to build a localised e-KYC solution through its KipleID e-KYC.

Last week, Green Packet said it is acquiring Singapore-based e-KYC (Electronic Know Your Customer) specialist firm Xendity Pte Ltd. Green Packet took over the company for US$10mil.

With the acquisition, it will enable Green Packet to strengthen its digital identity verification services, a fast-growing sector as more organisations move towards their digital transformation.

This will reinforce Green Packet’s position as the partner for digital financial solutions for various industries in Malaysia including telecommunications and banking.

Green Packet has also announced its intention to apply for a digital bank licence in Malaysia and will likely be part of a consortium that will include the likes of Bank Islam Malaysia and Tencent, both of which it has business relationships with.

Posted by KK > 2020-06-23 10:19 | Report Abuse

Who is the new substantial share holder ?

Posted by SiLiaw > 2020-06-23 10:20 | Report Abuse

run before too late

Posted by keni371 > 2020-06-23 10:25 | Report Abuse

the block may have gone to xendity ... or back to cc puan ... just guessing

Posted by Xenedity > 2020-06-23 10:28 | Report Abuse

Be patient don’t panic let’s wait below 30 sen then we hantam

Posted by keni371 > 2020-06-23 10:52 | Report Abuse

extremely quiet ... promoter probably having urgent meeting with owner to determine direction, push up or let drift

Posted by keni371 > 2020-06-23 11:05 | Report Abuse

they din manage to lure enuf retailers to support, even with lower prices ... likely their trading limit oso has hit some obstacle to resume churning, rolling

Posted by stressedesserts > 2020-06-23 11:38 | Report Abuse

He declined to reveal to whom the stake was sold off to but added that it was to parties that are likely to contribute to Green Packet’s digital journey.

Tencent :)

Posted by Chuah3434 > 2020-06-23 11:38 | Report Abuse

Nanyang's article few days ago indicating that China technology company is the likely buyer as follows:
http://www.enanyang.my/%E8%B4%A2%E7%BB%8F/%E7%BB%BF%E9%A9%B0%E9%80%9A%E8%AE%AF%E8%BF%8E%E4%B8%AD%E5%9B%BD%E5%A4%A7%E8%82%A1%E4%B8%9C

Posted by Luffy Mr-x > 2020-06-23 11:46 | Report Abuse

this last year news okay

Posted by Louise4 > 2020-06-23 12:13 |

Post removed.Why?

Posted by LGMGL > 2020-06-23 12:22 | Report Abuse

Old news dated 19 September 2019.

Chuah3434 Nanyang's article few days ago indicating that China technology company is the likely buyer as follows:
http://www.enanyang.my/%E8%B4%A2%E7%BB%8F/%E7%BB%BF%E9%A9%B0%E9%80%9A%...

Posted by nekosaan > 2020-06-23 12:32 | Report Abuse

COLLAPSED ! Kendall Court very smart, cleared everything and run

Posted by nekosaan > 2020-06-23 12:36 | Report Abuse

con game, con all ikan bilis money, very bad, run before too late, later cry also no tear

Posted by newbie8080 > 2020-06-23 12:36 | Report Abuse

Interesting move by the PE firm to disposed below 1 year of holding.

The excuse from the PE firm to rebalance portfolio is definitely false as PE firm will not change its investment stance in a short period of less than 1 year.

Fundamental had not changed.

Probably disagreement between the PE firm and CC Puan on the expansion plan.

Posted by AxeCapital2077 > 2020-06-23 12:39 | Report Abuse

This company ah really wtf. Checked their ''fintech'' digitial wallet app. IT IS SHIT. Bugs, unheard of merchants, crashes, bad UI. For a company that has been burning cash and heavily invested in digital fintechs, this is pure dissappointment. Even apps like BIGPAY from AirAsia and Boost are SOOO much more reliable than this piece of junk. Check thier financial statements and apps if you dont believe. Kendall smart to run lmao puan is just buying back shares to prop up the demand, hoping for us ikan bilis to follow and then he''l just sell his shares the moment it goes up.

Posted by AxeCapital2077 > 2020-06-23 12:41 | Report Abuse

newbie8080 dont kid and lie to yourself you are probably just hoping the stock goes up to your entry point. How the hell do you know they have disagreements or rebalancing their portfolio? oh wait ''probably''

Posted by nekosaan > 2020-06-23 12:42 | Report Abuse

more and more panic selling, below 0.30 is matter of time

Posted by stressedesserts > 2020-06-23 12:48 | Report Abuse

the PE firm transacted at 0.8..Sure go ahead and wait for 0.3

Posted by CITADEL > 2020-06-23 12:51 |

Post removed.Why?

Posted by Akukakijudi > 2020-06-23 14:25 | Report Abuse

Cut loss

Posted by chkhooju > 2020-06-23 14:31 | Report Abuse

Yes good players must know when to cut loss. Leave for better counters. Move on. Best of luck.