Posted by signn > 2020-06-30 18:47 | Report Abuse

yah gah

Posted by Good123 > 2020-06-30 19:16 | Report Abuse

rebound tomorrow when more people understand fair value adjustment in G3 global BHD based on its share price on 31.3.2020. Q2, rebound , share price was RM2.39 today :)

Posted by Good123 > 2020-06-30 19:16 | Report Abuse

jadi esok, rebound :)

Posted by SpartanFury > 2020-06-30 19:21 | Report Abuse

You know I was laughing myself silly when I read the corporate governance report.... just found the statement that directors would do their best to protect the interest of the shareholder funny as hell.... becuase at the end of the statement are the qualifying words addeded (in the long term)..

Well at least we can credit their honesty . The shook the GP tree for like 8 days straight and alot of speculators shook out of it... in the meanwhile they positioned themselves to regain shares and even went the extra step to make sure they choose the right people to be shareholders.. furthermore, I think their recent actions were calculated to offset the effect of the upcoming 20% share issuance. And the 10% private placement in QR3.

The next 2 QR should be interesting to read...specifically the percentages of major shareholders whether it changes or not..

Posted by Bullacent > 2020-06-30 19:23 | Report Abuse

Not that the worst with this revenue increase. But development cost is bit higher side. Perhaps it may b research involve or they are not efficient to control the cost. In coming quarter, revenue confident in upside , cost bit worry. Not much hope price up . Too many victims. Need time to wash out the bad memory. Hahaha

Posted by mushroom > 2020-06-30 19:25 | Report Abuse

Tomorrow down to 0.48

Posted by SamSam > 2020-06-30 19:29 | Report Abuse

true enough, the owners will probably need to increase their shareholdings to offset the 20% share issuance and the 10% private placement in QR3

betui betui

but i still think that the sellers have gone overboard with the selling

or maybe the owners themselves were surprised at the ferocity of the selling

lol

Posted by Daily8 > 2020-06-30 19:36 | Report Abuse

GPACKET FINISH KENCING OR NOT ?

Posted by Victor Yong > 2020-06-30 19:50 | Report Abuse

Baguslah :)

AFTER a lull in the last few months, interest in Malaysia’s digital banking licences is picking up again, even as a number of new digital banks in the region have just been launched or are about to go live.

“Things are picking up as we go into the Recovery Movement Control Order period. What we find is that there are more people coming on board to say that, because of the delay in [the feedback to Bank Negara Malaysia] guidelines, they have more time to look for partners [to jointly apply for a licence]. And what that means is that it’s like a second wind for some of these players who were not [seen as] the frontline competitors for the licences. So, I think they are taking the opportunity to talk to more partners,” says Kelvin Lee, financial services assurance partner at PwC Malaysia.

Two months ago, Bank Negara announced on its website that given the disruptions caused by the Covid-19 outbreak, it was extending the April 30 deadline for the industry to provide feedback on its proposed digital banking licensing framework to June 30. The central bank had initially expected to finalise its policy document by the first half of this year, after which it was to open applications for the licences.

“We understand that, most likely, the [Bank Negara] guidelines will be finalised by the end of this year, after which the central bank will open the application process early next year,” says Lee.

Bank Negara plans to issue up to five digital bank licences.

Last year, technology firm Grab, telco Axiata Group Bhd (which owns e-wallet Boost) and at least five banks — CIMB Group Holdings Bhd, Affin Bank Bhd, Hong Leong Bank Bhd, AMMB Holdings Bhd and Standard Chartered Bank Malaysia Bhd — signalled their interest in pursuing a licence.

Since then, a few more have openly expressed interest, including Sunway Bhd, Green Packet Bhd, gaming firm Razer Inc and Hong Kong-based investment banking firm AMTD Group. Property firm Paramount Corp Bhd and US financial start-up MoneyLion Inc were also reported to be keen.

According to Lee, the companies remain keen on a licence, but the banks are less so. “I haven’t heard of anyone who has dropped out. The interest is still there, I would say. But, for the banks, we gather that they are not so keen on the licences because they feel that the Bank Negara guidelines didn’t give them regulatory arbitrage. So, I think, a lot of the banks feel that it may not be worthwhile to apply for a licence.”

He points out that even if they were to apply for a licence, it may take two to three years for them to actually set up their digital bank. “So, a lot of the incumbent banks are thinking that there is no point to wait so long, when under their current licensing regime, they can actually launch their own version of a digital bank. I think many of the incumbents are planning to do that before the new players come on board.”

The Covid-19 outbreak and ensuing disruptions this year have made digital banking a priority for banks.

“It has become more real. Banks had difficulty onboarding customers [during the lockdown] as customers couldn’t go to branches. And they couldn’t send agents out to sell their loans and credit cards, so some of them were hit hard. Had there been a virtual bank in this lockdown period, it would have been business as usual,” Lee remarks.

Some players are already putting the building blocks for a licence in place.

Just last week, Green Packet Bhd said it would buy Singapore-based e-KYC (electronic know your customer) specialist firm Xendity Pte Ltd for US$10 million in a bid to offer complete end-to-end solutions to banks and financial institutions.

In April, Sunway Bhd bought a 51% stake in Credit Bureau Malaysia to advance its ambition of building a financial technology ecosystem and securing a digital banking licence.

In March, Hong Kong-based investment banking firm AMTD, backed by tycoon Li Ka-shing, said it was seeking a digital bank licence in Malaysia. It has already submitted a bid for a digital wholesale banking licence in Singapore, in partnership with Xiaomi Finance, SP Group and Funding Societies. AMTD also holds a virtual banking licence in Hong Kong.



Developments elsewhere

Meanwhile, Tonik Digital Bank Inc, the first licensed digital-only bank in Asean, has postponed its July launch in the Philippines to September. “Tonik has had to delay its launch … due to the effects of the [Covid-19] lockdown on regulatory and logistical execution,” its founder and CEO Greg Krasnov tells The Edge.

The Covid-19 pandemic has, nevertheless, been somewhat positive for Tonik. “Covid-19 has increased demand for digital financial solutions by three to five times, which will have a positive effect on Tonik’s customer acquisition at launch and going forward,” Krasnov says.

https://www.klsescreener.com/v2/news/view/695939

Posted by Victor Yong > 2020-06-30 19:51 | Report Abuse

Sesuatu Yang luar biasa Akan berlaku tak lama lagi. Fingers crossed

Posted by Victor Yong > 2020-06-30 19:53 | Report Abuse

Warrant at 20.5sen with 21% positive premium. Warrantholders are so confident or hopeful :)

Posted by Daily8 > 2020-06-30 19:54 | Report Abuse

Gojo, that is not kencing, that is kidney failure lol

Posted by Good123 > 2020-06-30 19:56 | Report Abuse

puan and other directors might Beli syer GP kaw kaw esok :)

Posted by keni371 > 2020-06-30 19:56 | Report Abuse

aiyo ... 31 dec 2019 nta = 0.29 vs 30 Mar 2020 nta = 0.17 … 3 months apart only … fundamental does not look good

Posted by Good123 > 2020-06-30 19:56 | Report Abuse

mark my words, someone might praise puan and GP tomorrow

Posted by keni371 > 2020-06-30 19:59 | Report Abuse

may be … bcos insider oledi liquidate wat they need to

Posted by Good123 > 2020-06-30 20:08 | Report Abuse

siapa mau attend untuk menanya soalan?

 0082    GPACKET    GREEN PACKET BHDGeneral Meetings: Notice of Meeting52047
Indication: Notice of Meeting
Description: PROPOSED DIVERSIFICATION OF THE PRINCIPAL ACTIVITIES OF GREEN
PACKET BERHAD AND ITS SUBSIDIARIES TO INCLUDE CLOUD COMPUTING SOLUTIONS AND ITS
RELATED SERVICES ("PROPOSED DIVERSIFICATION")
Date of Meeting: 23/07/2020
Time of Meeting: 11:30 AM
Venue: BALLROOM I

Posted by Good123 > 2020-06-30 20:10 | Report Abuse

agihkan semua syer G3 kepada pemegang syer GP. takda fair value adjustment Setiap suku. :)

Posted by SpartanFury > 2020-06-30 20:31 | Report Abuse

I think the knife is already on the floor..

8 days red.. but I'm ignoring day 1 and day 2 as normal trading days . Day 3 is where massive spike in volume started this round of selloff.

Days 3 104.8 m shares sold with price closed at 0.685
Day 4 73.7m 0.675
Day 5 83.5m 0.62
Day 6 91.82m 0.565
Day 7 38.3m 0.545
Day 8 28.59m 0.515 (today)

Day 7 and Day 8 volumes are pretty much signs of beating a dead horse...

If it stays red then probably only about 10m-15m shares would be transacted.

In 6 days about 420 million shares changed hands which is around 41.62% of 1.009 billion shares (klse screener) then we account for the major shareholders...
(Am out so cant look up the AR) from using out dated data from
https://m.marketscreener.com/GREEN-PACKET-6497742/company/

That's about 56.2%... in their control... and it should currently be higher than 56.2 as CCP has been on a buying spree and the 10% private placement is with them.. but just leave it as is..dont want to over complicate it..

Anyway I just took the weighted volume average for the last 6 days with the closing price... to be around 0.619..

So my assumption is unless you've taken significantly larger buys in comparison to your original position. Your average down costs wont be too different from 0.62 plus or minus 5 cents..

Anyone who would have cut loss and sold has already left.. if tomo ends red it should be with a max volume of 21.89m and that would be 100% of shares being accounted for over 6 days

Simply wall article from 2 months ago stated that 24% of shares were in general public hands...so in fact only about 242.16m shares are in our tradable range..
CCP took a maybe 8% bite of that chunk and god knows how much private companies and institutions have eaten as well..

Anyway until the share issuance takes place I expect volume to be relatively lower on daily trades with price trending upwards.
Provided of course there aren't any sudden disposals...

but it's kind of a neat trick really... the price will constantly trend up becuase theres less shares floating in the market... they can let out whatever news they want.. if it's bad we wont sell below cost because if we were the type we would have done so already ...if it's good we still probably wont sell becuase it's probably not near the worth of this shares frustration.. and they can happily sell whatever shares they have at appropriate times as fund raising exercise.

Posted by melanie1818181818 > 2020-06-30 20:36 | Report Abuse

Ad warned multiple times, stay away from goreng stock. The way it went up from 0.3x by timely announcements of toilet paper memorandums or product launches clearly indicate goreng at max. Now puancc kasik kencing sama lu orang balu realize. But sure still have some die-hard supporters will come up with story like shake this and shake that la. If want buy tech stock, bursa is not the place. Look further nyse, topix etc. Tech stocks on bursa almost all rubbish, no proprietary technology, only know how to do toilet paper memorandums or ask for gov support. Can grow meh?

Posted by Good123 > 2020-06-30 20:39 | Report Abuse

NTA will rise a lot in Q2, G3 share rebounded to rm2.39 , RM10-15mil for fair value adjustment gain in quoted investment, RM20mil paid by mytv to avoid arbitration as gain too plus ~100mil Warrants exercised at 40sen. :)

Posted by Good123 > 2020-06-30 20:41 | Report Abuse

tomorrow, GP is expected to rebound to 55-60sen or more

Posted by Good123 > 2020-06-30 20:42 | Report Abuse

next, GP with biz partners to apply for digital bank licence, another rise 70-80sen. if licence granted, above RM 1 again :) my prediction

Posted by Good123 > 2020-06-30 20:44 | Report Abuse

meeting on 23 July to approve cloud computing at golf club, many thing should have been disclosed by then e.g. who replaced Kendall, private placement to whom, etc :)

Posted by melanie1818181818 > 2020-06-30 20:45 | Report Abuse

Facepalm, laugh die me, gonna get so much cash hoh, 200m pun tak sampai if assume these dreams are realized. debt how much? Close to 300m.... dream some more wanna get license for digital banking. Enough capital or not? Ok la, assume get the license la, how to raise capital? Rights issue? Wtf, these ppl really no medicine can help. Ccpuan kasik kencing tapi these ppl still say not enough, kasik berak somemore, facepalm

Posted by Good123 > 2020-06-30 20:46 | Report Abuse

indeed, minggu ini sampai jumaat, paling interesting

Posted by SpartanFury > 2020-06-30 20:55 | Report Abuse

@bullacent... not sure about the communication and solution aspect of the business...

But for the digital aspect.. high initial costs are practically a trademark... but it's good because it's a fixed cost. such as the software programmers salary for creation and support.

The cost itself wont increase noticeably like it does in manufacturing (as there is lottle to no difference in providing support for 10 customers or 10,000 customers) .heck half the time the solution is format and reinstall app...

plus i believe the business model are all subscription based. So this will be a positive in the long term.

Posted by Good123 > 2020-06-30 20:56 | Report Abuse

private placement 10%, 100mil share at 80sen~ rm80mil.


capital requirements for digital bank rm200mil.

konsortium, say, GP: tencent webank: bank Islam: GP 40% rm80mil, tencent 30% RM60mil, bank Islam 30% RM60mil.

it could be with others not essential webank n bank Islam. digital bank is doable for GP :)

Posted by Good123 > 2020-06-30 21:05 | Report Abuse

puan will make it a reality :). Just last week, Green Packet Bhd said it would buy Singapore-based e-KYC (electronic know your customer) specialist firm Xendity Pte Ltd for US$10 million in a bid to offer complete end-to-end solutions to banks and financial institutions.

Posted by Good123 > 2020-06-30 21:06 | Report Abuse

GP is already putting the building blocks for a licence in place.

Posted by Good123 > 2020-06-30 21:07 | Report Abuse

some people laughed at gp talking about digital bank. later, many GP shareholders will be laughing to the banks because of a digital bank set up by gp :)

Posted by Victor Yong > 2020-06-30 21:16 | Report Abuse

Now, lower than July 2019 closing price. Tempting for many investors to grab now :)

Historical Data

Time Frame:

Monthly: 07/31/2018 - 06/30/2020

Date Price
Jun 20 0.500
May 20 0.835
Apr 20 0.615
Mar 20 0.490
Feb 20 0.715
Jan 20 0.640
Dec 19 0.690
Nov 19 0.725
Oct 19 0.735
Sep 19 0.755
Aug 19 0.620
Jul 19 0.625

Posted by dolphin > 2020-06-30 21:18 | Report Abuse

Everyday diarrhea, when it will stop?

Posted by Striker90 > 2020-06-30 21:19 | Report Abuse

https://www.theedgemarkets.com/article/green-packet-buys-ekyc-firm-bid-be-fullfledged-digital-bank

Posted by Striker90 > 2020-06-30 21:21 | Report Abuse

Xendity bought over with 8.5 Millions USD going to be paid through new shares with 4 Millions issued now, 4.5 M issued later. This Xendity must be very confidence with GP future market price

Posted by Good123 > 2020-06-30 21:23 | Report Abuse

KUALA LUMPUR (June 30): Bank Negara Malaysia (BNM) today issued a policy document on electronic Know-Your-Customer (e-KYC) that is aimed at accelerating and streamlining the practices of industry players in their adoption of e-KYC technology, the online process of identifying and verifying individual customers.

The adoption of e-KYC technology by the industry is in line with the central bank’s efforts to facilitate greater digital offerings of financial services.

“This is expected to pave the way for greater innovation in the financial sector, including end-to-end offering of digital financial services for customers,” BNM said in a statement today.

According to BNM, e-KYC enables the digital on-boarding of customers to occur anytime and anywhere. With the implementation, it said a majority of customers no longer need to visit the physical premises of a financial service provider to open an account.

In addition to increased customer convenience, the digital on-boarding of customers enabled by e-KYC also lowers cost for both users and providers. This can also help increase competition in the financial sector over the long term, said the central bank.

“The policy document seeks to promote the safe and secure application of e-KYC technology in the financial sector by clarifying desirable outcomes in the use of e-KYC and sets out best practices as well as parameters to ensure security and integrity of the on-boarding process for customers.

“It also forms part of a series of measures adopted by the bank in ensuring that regulatory requirements support the country’s agenda for the digital economy,” it added.

Posted by Striker90 > 2020-06-30 21:24 | Report Abuse

Bank Negara introduces digital on-boarding policy to enable account opening anytime, anywhere https://www.klsescreener.com/v2/news/view/696109

Posted by Striker90 > 2020-06-30 21:24 | Report Abuse

Ok tmr limit up

Posted by Good123 > 2020-06-30 21:25 | Report Abuse

digital bank in Malaysia becoming a reality :) https://www.klsescreener.com/v2/news/view/696109

Posted by Good123 > 2020-06-30 21:36 | Report Abuse

just buy and hold, already floor price :)

Posted by 123eztrade > 2020-06-30 21:49 | Report Abuse

hello. ...why u say 0.50 is floor price?? basis ?? lately every good news is further sell down...more good news more sell down... until this trend is reversed then it may have a temporary bottom...until now, looking at the chart says more downside

Posted by optimusprimeXV > 2020-06-30 22:00 | Report Abuse

Vroooooooooooommmmm vrooooooooooooooooooommmmmmm

Posted by chkhooju > 2020-06-30 22:04 | Report Abuse

Limit up tomorrow? What a great JOKE!

Posted by Victor Yong > 2020-06-30 22:09 | Report Abuse

Geng kawan jualbeli dah lari kot? dah kenyang :)

@SpartanFury I think the knife is already on the floor..

8 days red.. but I'm ignoring day 1 and day 2 as normal trading days . Day 3 is where massive spike in volume started this round of selloff.

Days 3 104.8 m shares sold with price closed at 0.685
Day 4 73.7m 0.675
Day 5 83.5m 0.62
Day 6 91.82m 0.565
Day 7 38.3m 0.545
Day 8 28.59m 0.515 (today)

Day 7 and Day 8 volumes are pretty much signs of beating a dead horse...

If it stays red then probably only about 10m-15m shares would be transacted.

In 6 days about 420 million shares changed hands which is around 41.62% of 1.009 billion shares (klse screener) then we account for the major shareholders...
(Am out so cant look up the AR) from using out dated data from
https://m.marketscreener.com/GREEN-PACKET-6497742/company/

That's about 56.2%... in their control... and it should currently be higher than 56.2 as CCP has been on a buying spree and the 10% private placement is with them.. but just leave it as is..dont want to over complicate it..

Anyway I just took the weighted volume average for the last 6 days with the closing price... to be around 0.619..

So my assumption is unless you've taken significantly larger buys in comparison to your original position. Your average down costs wont be too different from 0.62 plus or minus 5 cents..

Anyone who would have cut loss and sold has already left.. if tomo ends red it should be with a max volume of 21.89m and that would be 100% of shares being accounted for over 6 days

Simply wall article from 2 months ago stated that 24% of shares were in general public hands...so in fact only about 242.16m shares are in our tradable range..
CCP took a maybe 8% bite of that chunk and god knows how much private companies and institutions have eaten as well..

Anyway until the share issuance takes place I expect volume to be relatively lower on daily trades with price trending upwards.
Provided of course there aren't any sudden disposals...

but it's kind of a neat trick really... the price will constantly trend up becuase theres less shares floating in the market... they can let out whatever news they want.. if it's bad we wont sell below cost because if we were the type we would have done so already ...if it's good we still probably wont sell becuase it's probably not near the worth of this shares frustration.. and they can happily sell whatever shares they have at appropriate times as fund raising exercise.
30/06/2020 8:31 PM

Posted by Victor Yong > 2020-06-30 22:10 | Report Abuse

EGM / Meeting Notice Extraordinary on 23-Jul-2020. Boleh pergi tanya jika mau :)

Posted by Victor Yong > 2020-06-30 22:17 | Report Abuse

:)

Financial year ending 31 December 2020 prospects


Improve operational efficiency for wholesale voice traffic and wholesale data business to improve earnings for the communication business.

Adopt Artificial Intelligence application and the introduction of new digital solutions for workplace safety to achieve synergistic and vertical integration with eKYC solution and cloud technology.

Expand the geographical reach and competitive supply chain arrangements for LTE products.

The Board expects a better performance for the current financial year, despite the impact of Covid-19 pandemic, due to the progressive market response to the rapid digital connectivity of workplace safety processes by both the private and public sectors.

Posted by Victor Yong > 2020-06-30 22:27 | Report Abuse

:)

Green Packet’s revenue jumps 50% in Q1 to RM147mil
CORPORATE NEWS
Tuesday, 30 Jun 2020

2:04 PM MYT

Group MD and CEO CC Puan said despite the unexpected Covid-19 pandemic that has brought substantial impact to every individual and business, the group’s core business remained strong and unaffected.

PETALING JAYA: GREEN PACKET BHD, an international technology and telecommunications company, reported a 50% rise in revenue for first quarter of its 2020 financial year to RM147mil.

Revenue jumped from RM97.9mil posted in the first quarter of its 2019 financial year, with growth driven by higher contributions from all segments. Its legacy Solution business registering an increase of 357% in revenue to RM11.9mil.

In a statement, the company said strong revenue growth was contributed by the communication services and digital services segment, both seeing revenue increase by 41% and 126% respectively to RM132.1mil and RM3.1mil.

Group MD and CEO CC Puan said despite the unexpected Covid-19 pandemic that has brought substantial impact to every individual and business, the group’s core business remained strong and unaffected.

In the latest quarter, the solution business experienced triple-digit growth with increased sales orders and higher shipment across all regions to Asean, Europe, the Middle East, and Latin America.

Its communication business experienced a significant increase in international voice traffic and data business from telecommunication carriers in Asean, Hong Kong, and China.

The group expects demand for data and bandwidth to continue gaining momentum from the Covid-19 pandemic that has resulted to travel restrictions and quarantines.

“The strong growth of its core business pillars has provided a robust foundation for the group to continue investing in the digital services business. Coupled with the conversions of the warrants in the past few months that have brought in an additional RM30mil to the group, this allows us to continuously invest in the potential new, high growth areas of cloud business and e-KYC including strengthening our digital services ecosystem and integrating the fintech and proptech solution.”

The Covid-19 pandemic has pushed digital transformation to the front of the line and Green Packet said it is in position to benefit as the group was ready to serve companies transforming towards digitalisation.

Its digital services business saw gross transaction value rise to RM115.6mil per quarter, which translated to 277% growth from a year ago.

It said when MCO was first implemented, the digital services segment saw a spike on its gross payment transaction for the online payments. Green Packet has embraced the new norm by launching the 'We Are Ready' campaign and its proptech flagship product called KipleLive which integrates the AI facial recognition, cloud-hosted services, FR thermal scanner, and visitor management system.

It said as enterprises build the necessary operational resiliency to survive this new reality, the campaign received welcoming responses from the corporate sector, schools, retail stores, factories, construction sites, banks, and hospitals.

One of the key wins was the education sector which showed a strong interest in KipleLive. Over the past few months, Green Packet said many schools have adopted the KipleLive solution as they prepared for reopening such as Desa International School, Rafflesia Private and International Schools, SMK Cheras Perdana, and 63 independent Chinese secondary schools through the partnership with United Chinese School Committees’ Association of Malaysia.

Other places that have used KipleLive solutions include Paradigm Mall, The Ascent Corporate Towers, Pavilion Tower, and Hospital Chancellor Tuanku Muhriz Universiti Kebangsaan Malaysia.

“Beyond that, we are also teaming up with Five Petroleum Malaysia to launch the first AI-powered petrol station in Malaysia. We are so excited and look forward to the launch as this is going to bring forth the frictionless and cashless digital experience across all FIVE petrol stations,” said Puan.

The group is also collaborating with China Internet giant Tencent to leverage on their capability in introducing KipleID e-KYC (electronic know your customer) which allows financial institutions to offer consumers a more convenient digital banking journey. Adding on the recent proposed acquisition of an e-KYC firm, Xendity that specialises in the identity verification process, this reinforces Green Packet’s position as the preferred partner for digital financial solutions.
“From day one, we have built an ecosystem to get our life improving digital innovations into the hands of the masses under the Kiple brand. Hence, the progress that we have made today has not only affirmed our investments but has reinforced our vision that is to become a digital financial institution,” Puan said.

Posted by Victor Yong > 2020-06-30 22:32 | Report Abuse

Good, as reported in the Star today. :) Do not deviate to become a digital financial institution.

“From day one, we have built an ecosystem to get our life improving digital innovations into the hands of the masses under the Kiple brand. Hence, the progress that we have made today has not only affirmed our investments but has reinforced our vision that is to become a digital financial institution,” Puan said.

Posted by jutawansenyap > 2020-06-30 22:32 | Report Abuse

Many people comments with no facts and too many hoping analusis. Pls be realistic la brothers.
50 cents is support. Break means it will test another support lor.
As simple as that

Posted by Good123 > 2020-06-30 22:39 | Report Abuse

2 groups of people - buy or sell tengok graf atau fundamentals :)