Rebounded by 5% for those who invested after reading the QR at noon time yesterday. More upside with EGM, digital bank, mytv payment not reported in Q1, warrant conversion, etc .. Q2 onwards more fun
tencent datang disini untuk sapu benda :). KUALA LUMPUR (June 25): Chinese tech giant Tencent’s move to acquire Malaysian video streaming platform iFlix is not expected to have a significant impact on Astro Malaysia Holdings Bhd’s market share in the country, said analysts.
The view is that Astro still commands a strong market share in the segment via the pay-TV service provider’s Astro Go and that it remains to be seen whether Tencent’s acquisition of iFlix would bring much changes to the local paid-for video streaming space.
“In the very long term, it might [have an impact]. But for now, I think it’s negligible,” said Hong Leong Investment Bank Research analyst Syifaa’ Mahsuri Ismail when contacted.
“Astro has its own Astro Go to cater to the market, on top of its premium service, Njoi, which has been gaining traction because of the economic downturn. The service has seen rising number of subscribers due to the service’s affordable price.
“Television still has a large audience in Malaysia compared with the market for video streaming services like iFlix and Netflix, which remains small, with audiences being largely concentrated in urban areas as opposed to other areas that might have connectivity issues,” she said.
This, she said, provides a comfortable space for Astro to maintain its strong position in the country’s the television and video content business.
According to an FT Confidential Research survey, Astro Go topped the list as the most popular paid-for streaming video service in Malaysia, followed by Netflix, Google Play and Unifi TV. iFlix was ranked fifth in the independent survey last year.
Syifaa’ also noted that Astro’s customer base is largely comprised of the T20 and M40 groups — the top 20% and middle 40% income groups — who have the purchasing power to subscribe to multiple services. This, she said, means it should not be an issue for Astro in the event that Tencent ramps up its iFlix content to entice new subscribers.
“Astro does have B40 customers, who are mostly subscribers of Njoi. However, because of the low fee offered by Njoi, this group of customers could also subscribe to additional services by other providers without the need to ‘sacrifice’ the Njoi service,” she added.
Her sentiment was echoed by MIDF Research analyst Khoo Zhen Ye, who concurred that the Tencent-iFlix deal has a “minimal” impact on Astro’s business, at least in the foreseeable future.
“Astro will maintain its market share for now. We have seen new players coming into the market, including The Star [Media Group Bhd]’s streaming service dimsum entertainment, but their traction is still small compared to Astro’s,” he told theedgemarkets.com.
Meanwhile, CGS-CIMB Research analyst Kamarul Anwar said the Tencent-iFlix deal is “not a game-changer for the media landscape” which is seeing numerous players vying for engagement time and share of consumers’ wallets.
“Astro shouldn’t worry about the iFlixes or the Netflixes or the Vius of the world. The real competition for time now comes from a myriad of things — PlayStation games, Fortnite, YouTube, TikTok, Instagram. This is why Reed Hastings (Netflix CEO) said Netflix’s competition [are] actually sleep time and Fortnite, instead of HBO GO or Hulu.
“And specifically, in the TV/content space, Astro’s competition lies in piracy. Piracy costs next to nothing, it has every show and movie that a viewer wants to watch, and it is becoming really convenient to obtain pirated content,” he said.
Viu is the leading over-the-top (OTT) video service spanning Asia and the Middle East. Viu’s partner in Malaysia is Media Prima Bhd’s television arm, Media Prima Television Networks.
According to reports, Tencent purchased iFlix's “content, technology, and resources” to grow its presence in Southeast Asia. The Chinese tech giant said iFlix's catalogue of “international, local and original content” would enable it to expand the reach of its overseas video streaming service, WeTV, which it launched in Thailand in 2019.
The price tag of the acquisition deal remains unclear, but US entertainment media outlet Variety, which first published the news yesterday, cited people with knowledge of the agreement as saying that the deal was worth “several tens of millions of dollars”.
That would make the deal significantly smaller than the US$1 billion (RM4.28 billion) valuation that iFlix sought in 2019, when it planned a public listing in Australia, according to Reuters.
more stability returns from July to Dec 2020. Containment of the COVID-19 pandemic is ongoing but the world now has a better picture of the virus’ behaviour and the necessary mitigation measures, it said, noting that with the global economy progressively re-opening, optimism has returned to the market despite the economic damage.
"Economic numbers for the second quarter of 2020 are expected to be poor but the equity market has reacted earlier by falling sharply back in March 2020. This, in turn, triggered world governments to implement massive stimulus and direct money injections into the system, ” it said.
new blood. OTHERS APPOINTMENT OF NEW SENIOR INDEPENDENT DIRECTOR
GREEN PACKET BERHAD TypeAnnouncementSubjectOTHERS DescriptionAPPOINTMENT OF NEW SENIOR INDEPENDENT DIRECTOR
Following to the redesignation of Tan Sri Datuk Dr Haji Omar Bin Abdul Rahman to Non-Independent Non-Executive Director of the Company with effect from 16 June 2020, the Company announces that Encik A. Shukor Bin S.A. Karim has been appointed as Senior Independent Non-Executive Director ("SID").
The Nomination Committee identified Encik Shukor as the best candidate take over as the Company's SID. Encik Shukor has been with the Company for 12 years.
This announcement is dated 16 June 2020.
Announcement Info
Company NameGREEN PACKET BERHADStock NameGPACKETDate Announced16 Jun 2020CategoryGeneral Announcement for PLCReference NumberGA1-16062020-00046
RM20mil drp mytv masuk Q2 report? OTHERS SETTLEMENT AGREEMENT BETWEEN GREEN PACKET BERHAD AND MYTV BROADCASTING SDN BHD
GREEN PACKET BERHAD TypeAnnouncementSubjectOTHERS DescriptionSETTLEMENT AGREEMENT BETWEEN GREEN PACKET BERHAD AND MYTV BROADCASTING SDN BHD
The Company wishes to inform that it has entered into a Settlement Agreement with MYTV Broadcasting Sdn Bhd in view that both parties had withdrawn the arbitrations on 1 April 2020.
Do refer to the attachment for detail of the Company's announcement.
This announcement is dated 19 May 2020.
Please refer attachment below.
Attachments
20200519 final GPB Bursa - Settlement(final)(T).pdf 83.1 kB
Announcement Info
Company NameGREEN PACKET BERHADStock NameGPACKETDate Announced19 May 2020CategoryGeneral Announcement for PLCReference NumberGA1-19052020-00053
China takda lockdown , ended much earlier, bagus. OTHERS COLLABORATION AGREEMENT ENTERED INTO BETWEEN GREEN PACKET (S) PTE LTD AND CHINA MOBILE GROUP DEVICE CO LTD
GREEN PACKET BERHAD TypeAnnouncementSubjectOTHERS DescriptionCOLLABORATION AGREEMENT ENTERED INTO BETWEEN GREEN PACKET (S) PTE LTD AND CHINA MOBILE GROUP DEVICE CO LTD
The Company is pleased to announce the Collaboration Agreement signed today between Green Packet (S) Pte Ltd and China Mobile Group Device Co. Ltd.
Do refer to the attachment for the details of the Collaboration Agreement.
This announcement is dated 13 November 2019.
Please refer attachment below.
Attachments
China Mobile - Collaboration Agreement.pdf 56.9 kB
Announcement Info
Company NameGREEN PACKET BERHADStock NameGPACKETDate Announced13 Nov 2019CategoryGeneral Announcement for PLCReference NumberGA1-13112019-00059
bank Islam juga boleh bagi pinjaman untuk produk/servis GP, bukan?
KUALA LUMPUR: Bank Islam Malaysia Bhd has partnered with Tenaga Nasional Bhd(TNB) and its subsidiary, GSPARX Sdn Bhd, to provide financing for solar photovoltaic (PV) ownership for homeowners in the country.
Bank Islam chief executive officer (CEO) Mohd Muazzam Mohamed said the partnership is part of the bank’s green financing journey that focuses on encouraging sustainable business and lifestyle practices.
"Through this collaboration, Bank Islam is offering up to 100 per cent financing for the purchase of GSPARX’s solar PV package or up to RM300,000 with attractive floating rate of as low as 4.67 per cent or fixed rate of 4.5 per cent for three years accordingly,” he said in a statement today.
He added that GSPARX will be offering residential packages which include one-year free maintenance, product and workmanship warranty, 24/7 online monitoring, as well as after-sales services.
"These added values will not only benefit customers but will also be instrumental in preserving the planet through promoting renewable energy. It is also a part of our contribution to realising Malaysia’s aim of achieving 20 per cent of renewable energy generation by 2025,” he added.
Meanwhile, TNB president and CEO Datuk Seri Amir Hamzah Azizan said TNB is at the forefront of renewable energy in Malaysia through its large-scale solar projects in Sepang, Selangor and Bukit Selambau in Kedah, and initiatives like electric vehicle charging stations in collaboration with Malaysian Green Technology Corporation.
"TNB is actively promoting rooftop solar panels whereby at the end of last year, we had more than 100 customers from commercial, industrial, educational, government institutions, and residential homes, who have turned into ‘prosumers’, generating clean energy on their premises,” he said. - Bernama
Green Packet hits daily upper limit on digital banking speculation | The Edge Markets
18 May 2020 · Tencent owns WeBank, one of the top digital banks in China which had much success by largely deploying e-KYC solutions. In an earlier ...
Chinese telco group to partner with Green Packet and XOX to roll out 5G?
20 May 2020 · Among all the telcos in Malaysia, it is interesting to see both Green Packet and XOX being suggested as potential partners. Green Packet ...
Sorry but just wanna brag.. @10 am it was 0.515 and closed at 0.525
So what do I win?
Stock: [GPACKET]: GREEN PACKET BHD
Jun 30, 2020 11:18 PM | Report Abuse
i seriously doubt we will see any limit up...anytime soon.. unless tomorow morning we wake up to find Google and Amazon have signed a MOU over services with GP.. in which case we will probably be on a limit up streak for a minimum of 10 days...
Ok since everyone is playing predict..
If by 10 am, price closed above 0.505, the price will close end of day at around 0.525 If by 11 am, price closes at 0.505, the price will likely close end of day at around 0.52 If by 10am or 11am, price closes at 0.50 or below then day will end at 0.485 and this should be the absolute bottom.
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....
Good123
27,725 posts
Posted by Good123 > 2020-07-01 17:00 | Report Abuse
80mil shares traded... this is a fat cat rebound. hope to see this fat cat becoming aggressive tomorrow