Posted by Good123 > 2020-07-03 13:15 | Report Abuse

GP juga tech stok, Akan move selepas lunch break? :)

KUALA LUMPUR: Tech and semicon related stocks were among the top gainers at midday on Friday as analysts upgraded the sector to Overweight from Neutral while the FBM KLCI was powered higher by Tenaga Nasional.

At 12.30pm, the FBM KLCI was up 7.08 points or 0.46% to 1,543.36. Turnover was 3.9 billion shares valued at RM1.80bil. Advancers beat decliners two to one or 605 to 308 and 400 counters unchanged.

Posted by Good123 > 2020-07-03 13:19 | Report Abuse

Highest price in may 2020 - RM1.65, Kendall's stake 10% sold at 80sen. ,New private placement at 52sen. :)

Posted by Good123 > 2020-07-03 13:20 | Report Abuse

EGM on july 23, Masih takut? :)

Posted by ZzzTrader > 2020-07-03 13:26 | Report Abuse

It will take time for people to trust this loss making company. Maybe years to be more than rm1

Posted by Stock Wizard (know yourself) > 2020-07-03 13:27 | Report Abuse

stop promoting l... volume very low ady , guess the price will stablise here at 0.5 level, goodluck guys :)

Posted by freddiehero > 2020-07-03 13:29 | Report Abuse

no no..

Posted by freddiehero > 2020-07-03 13:29 | Report Abuse

come more come more.. baby

Posted by mushroom > 2020-07-03 13:34 | Report Abuse

Will be this 0.50++ for at least a month if good luck. Don't put high expectation yet

Posted by Good123 > 2020-07-03 14:00 | Report Abuse

10mil shares traded. 2nd half ? :p

Posted by Victor Yong > 2020-07-03 14:01 | Report Abuse

Ok, harga Dan kuantiti steady. Boleh Coba :)

Date Close Volume
02/07/2020 0.52 44,511,400
01/07/2020 0.525 81,453,400
30/06/2020 0.50 28,031,900
29/06/2020 0.515 28,597,500
26/06/2020 0.545 38,328,700
25/06/2020 0.565 91,827,400
24/06/2020 0.62 83,504,200
23/06/2020 0.675 73,776,400
22/06/2020 0.685 104,867,500
19/06/2020 0.69 49,813,800
18/06/2020 0.695 56,979,600
17/06/2020 0.71 177,428,900
16/06/2020 0.68 38,476,300
15/06/2020 0.66 84,534,200
12/06/2020 0.69 55,000,900
11/06/2020 0.70 44,723,200
10/06/2020 0.71 46,235,900
09/06/2020 0.71 88,030,400
05/06/2020 0.70 46,327,700

Posted by joey94 > 2020-07-03 14:27 | Report Abuse

SECOND HALF MAYBE CRUSH DEFEAT...

Posted by Agjl > 2020-07-03 14:41 | Report Abuse

Zzzztradee....Good123 is Victor Yong...:)))

Posted by humble_beginnings > 2020-07-03 14:42 | Report Abuse

@SpartanFury

I agree, however, there is always a possibility whereby they sign an undertable agreement for private placement of shares on condition that gp obtain the license first. This is just my gut feel and is not based on any facts. What do you think?

Posted by Good123 > 2020-07-03 15:01 | Report Abuse

associate company, G3 touched rm2.50

Posted by xuxu > 2020-07-03 15:34 | Report Abuse

Monkey show only .... sold back

Posted by ZzzTrader > 2020-07-03 15:44 | Report Abuse

Ehh good123. Why still no show liao? G3 not GP....

Posted by Bullacent > 2020-07-03 15:51 | Report Abuse

Left hand buy right hand sell. Q so high People no interest anymore. high q to con. Main sendiri. Syiok sendiri. Slowly enjoy bah.

Posted by Stock Wizard (know yourself) > 2020-07-03 15:53 | Report Abuse

good123 confirm victor yong

Posted by Striker90 > 2020-07-03 16:12 | Report Abuse

Lol

Posted by Agjl > 2020-07-03 16:15 | Report Abuse

Stock wizard..good that u realised the two are the same person. The style of recycling and keep talking abt other company

Posted by nekosaan > 2020-07-03 16:25 | Report Abuse

the party is over, operator left, retail left, trader left, except uncle Agjl, because he has a ' DREAM ' ha ha ha

Posted by BostonMaxwell > 2020-07-03 16:26 | Report Abuse

Every success start with full of dream:)

Posted by Citadel12 > 2020-07-03 16:36 |

Post removed.Why?

Posted by BostonMaxwell > 2020-07-03 16:41 | Report Abuse

Lol

Posted by Agjl > 2020-07-03 16:50 | Report Abuse

Nekosaan....hahahaha. I guess u still cant get over withbyour own embarassmentbthat your extraction of old news to scare people....wakakaka....i can only smile with an open hard , young man....:))

Posted by Good123 > 2020-07-03 16:59 | Report Abuse

queueing to buy below 52sen, takda orang mau Jual :)

Posted by Good123 > 2020-07-03 17:00 | Report Abuse

harga borong bagi pp baru 52sen, tak Kan Ada orang Yang bobo mau Jual below :)

Posted by Bullacent > 2020-07-03 17:15 | Report Abuse

So when there is a promoting movie show up in newspaper, eg what what co install the product , careful guys. Its Promotion = suck er. More movies more blooding. Hahahaha

Posted by Good123 > 2020-07-03 18:12 | Report Abuse

return all G3 shares to GP shareholders, we tak mau tengok quarterly fair value adjustment lagi :)

Posted by Good123 > 2020-07-03 19:36 | Report Abuse

KUALA LUMPUR (July 3): Artificial intelligence (AI) has the potential of contributing as much as US$15.7 trillion to the global economy by 2030, an analyst said today.

This is more than the combined gross domestic product (GDP) of China and India currently, said Stephen Jue, portfolio manager at Allianz Global Investors.

Jue sees investment opportunities across a broad spectrum of technologies and sectors embracing the disruptive power of AI.

“The adoption of AI is expected to boost profits in many industries through efficiencies over the long term, spanning from education, healthcare, farming to logistics,” he said at a technology and AI themed virtual investment forum today organised by RHB Asset Management.

Tan Jee Hoon, chief investment officer of Asia-Pacific equities at RHB Asset Management, told the forum that prospects for companies that are technology and internet based and AI enabled would continue to get stronger.

“This comes especially when technology adoptions rates were seen to be scaled up significantly in recent days, on the backdrop of the pandemic outbreak, which has changed behavioural and consumption patterns,” he said.

Tan spoke of how the tech-giants of the internet ecosystem have played a prominent role in one’s daily life spanning from work, live and play.

He used examples of US-based tech players like Google, Facebook and Amazon as well as China-based Tencent, Ali Baba and Baidu.

These tech giants have been the leading outperformers in the stock market’s recent recovery, he noted.

Addressing current valuations on tech companies, Allianz’s Jue disagreed with the notion of bubble valuations seen on the tech giants.

“Post the dot-com bust era, tech companies are trading at 15 to 20 times price-earnings range for a number of years. Only more recently, the valuations are slightly higher at 23 times.

“These are bigger companies and [with] a sustainable business model, ‘software as a service’ have been proven out as profitable cash flow models in subscription terms, and there are more real earnings growth support now,” he added.

While most shares are seen to be trading higher with the help of massive stock market liquidity, RHB’s Tan thinks that the tech sector deserve a more positive re-rating than other sectors.

“I believe post-Covid winners will not be across the board as only certain sectors will be able to benefit the post-Covid era, and that sector happens to be in the tech space,” he said.

In view of the growing opportunity in tech transformation in the new normal, RHB Asset Management has launched two funds with long-term capital appreciation objectives that are related to the AI theme.

The first is RHB Global Artificial Intelligence Fund, which invests in a basket of companies whose business will benefit through the evolution of AI.

The second is RHB Big Cap China Enterprise Fund, an open-ended unit trust that invests in securities of China-based companies with high growth potential, where 40% of the fund is invested in the technology sector.

Posted by Good123 > 2020-07-03 19:37 | Report Abuse

Associate company, G3, IA park to be set up?

Posted by Good123 > 2020-07-03 19:38 | Report Abuse

KUALA LUMPUR (July 3): The digital economy will be a vital part of Southeast Asia's recovery plan from Covid-19, said the Association of Southeast Asian Nations (Asean) secretary-general Datuk Lim Jock Hoi.

“The digital economy is critical. As you know, the pandemic has forced a lot of people to use digital technology, and it is very refreshing to see that every one of us has adapted,” he said during CIMB Asean Research Institute’s (CARI) webinar titled “How Can ASEAN Bounce Back: Can the ASEAN Economic Community Retain its Vision in a Post-Pandemic World”.

“In future, the economic driver will very much be in this area. We are looking at how best to use this as part of our post-pandemic recovery plan,” he added.

“Of course, there are other areas where I think we are looking at as part and parcel to help the micro, small and medium enterprises (MSMEs), especially in the informal sector, in terms of how to revive them so that they can have their livelihoods back after the pandemic,” he added.

According to him, work on a recovery plan between the countries in the bloc are underway.

“As you know, Asean leaders also agree to have this comprehensive recovery plan, which is a holistic, pragmatic, sustainable and resilient,” he said.

He added that the regional supranational organisation is addressing the issue with a “cross-sector of bodies and cross-sector of pillars”.

Lim said he hoped that the plan would contribute to the bloc’s economic recovery, not only in terms of lives but also in terms of the socio-economic development and advancement of the region.

Posted by SamSam > 2020-07-03 20:21 | Report Abuse

waa buy buy buy

Posted by BostonMaxwell > 2020-07-03 20:33 | Report Abuse

https://m.malaysiastock.biz/News.aspx?newsID=109307

Posted by SamSam > 2020-07-03 20:46 | Report Abuse

could this RHB Global Artificial Intelligence Fund be the kendall's shares buyer?

lol

Posted by SamSam > 2020-07-03 20:47 | Report Abuse

can funds invest in GP ka

Posted by Good123 > 2020-07-03 21:24 | Report Abuse

Additional Listing Announcement /Subdivision of Shares

GREEN PACKET BERHAD

1. Details of Corporate Proposal

Involve issuance of new type/class of securities ?NoTypes of corporate proposalExercise of WarrantsDetails of corporate proposalCONVERSION OF WARRANTS B TO ORDINARY SHARESNo. of shares issued under this corporate proposal83,000Issue price per share ($$)Malaysian Ringgit (MYR)   0.4000Par Value($$) (if applicable) 

Latest issued share capital after the above corporate proposal in the following

Units1,009,131,732Issued Share Capital ($$)Malaysian Ringgit (MYR) 668,800,814.010Listing Date07 Jul 2020

Announcement Info

Company NameGREEN PACKET BERHADStock NameGPACKETDate Announced03 Jul 2020CategoryAdditional Listing Announcement /Subdivision of SharesReference NumberALA-02072020-00010

Posted by SpartanFury > 2020-07-03 21:54 | Report Abuse

yeah I am almost getting immune to the fact that some dude has been comvertong warrants on a daily basis..

Posted by SpartanFury > 2020-07-03 22:36 | Report Abuse

Btw does anyone have any idea how insane it is to convert warrants?

I checked the warrant price chart. the MCO crash sent the proce down to a low of 10.5 sens.

If you look further back the warrants traded at 10.5 sens on 8 random days in the period of May-July 2018.

Basically, that would mean no warrant in the open market should have been converted as the costs with EP would put it at 50.5 sens.

Posted by Good123 > 2020-07-03 22:59 | Report Abuse

finance is about now, present value. warrant price 22.5sen 40sen~62.5sen. he should sell the warrant if wanted the mother share to vote at EGM, save 10.5sen. mother 52sen now

Posted by SpartanFury > 2020-07-03 23:09 | Report Abuse

good123.. I understand your point what I was highlighting was that even at historical lows it wouldnt make much sense to convert warrant

Posted by SpartanFury > 2020-07-03 23:09 | Report Abuse

with today's mothershare price

Posted by singh1 > 2020-07-04 00:36 | Report Abuse

One of the conditions of private placement investor could be there should be no further conversions of warrants. Other wise the 10 % stake will get diluted over time with too many conversions. So keep GP price low and discourage warrant holders.

Posted by Good123 > 2020-07-04 07:19 | Report Abuse

G3, an associate company of GP, a lot of interesting news too. KUALA LUMPUR (July 3): MMAG Holdings Bhd executive chairman Datuk Khan Mohd Akram Khan has resigned from the post, effective today, after disposing of his shareholding in the information and communications technology (ICT) firm.

Khan, 50, said in an exchange filing that he is leaving MMAG “to concentrate fully on my executive role in another public listed company for my career advancement”.

According to MMAG’s website, Khan currently serves as the managing director of G3 Global Bhd which specialises in Internet of things solutions and artificial intelligence (AI). G3 Global is listed on the Main Market of Bursa Malaysia.

MMAG said Khan is a strategist and a serial entrepreneur in the fields of big data analytics, automotive, logistics and trading, as well as other related products, with nearly 30 years of experience in these areas.

Two days ago, Khan disposed of his entire indirect interest of 102.01 million shares, representing a 10.08% stake, in the ACE Market-listed MMAG at 30 sen per share, another filing showed.

The shares, held via Cyress Valley Sdn Bhd, were disposed of via direct business transactions.

Meanwhile, MMAG alternate director Dirk Johann Quinten has left office due to the resignation of Khan as the principal director. Dirk, a German national, previously worked with Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas).

In another development, MMAG chief financial officer Kenny Khow Chuan Wah acquired 10 million shares in the company, representing a 0.99% equity interest, via Grandstead Sdn Bhd at 30 sen per share, another filing showed.

This raised his stake in MMAG to 14.06%, or 142.19 million shares, according to another filing.

MMAG’s share price dropped 1.5 sen or 3.9% to 37 sen today, with 1.24 million units done. This gave the counter a market capitalisation of RM374.32 million.

Posted by Good123 > 2020-07-04 08:38 | Report Abuse

The use of technology has been the centrepiece of how the Covid-19 disease has brought about a change in the way things are done. Just like at the start of the century, which ushered in the dotcom boom, the bust of that group of stocks was precipitated by the high and at that time unrealistic valuations they were fetching.

But the technology revolution continued despite the collapse in those stocks. What was envisioned to take place has turned into reality, it just took a lot longer.

We have online shopping that has turned main streets around the world into a state of despair and now, the use of technology to make purchases and even communication has seen changes in how people have adapted to continue with their lives during the pandemic.

The difference between the glove and tech stocks is that there will be a longer lasting change brought about by technology people use. The adoption of new technologies will see new services brought about by 5G that is starting its rollout and other technologies that will see people get used to the new normal.

But investors too have to be wary of chasing super high valuations of those stocks. The hype and promise is there but the reality is that just like at the turn of the century, there will be a period of gestation before technology once again brings about a evolution to businesses and daily lives.

Posted by soonli > 2020-07-04 08:51 | Report Abuse

It's true that's insane to convert warrant as at now. But those you see from annoucement was converted 2 weeks ago and now the process is just done. That's make sense if 2 weeks ago the cost to covert was Almost = to mother price at around 0.70++. That's also make sense if you see the volume getting smaller and smaller on the conversion.

When GP at price of 0.70++, it was gaving traders a false impression of rebound going to happen due to the price was stabilise for few days and sign of rebound with volume on 17 June. Probably many warrant holder could quickly exercises their warrant at that point too coz they know need time to process and hope once it's complete they can take profit due to optimistic on mother shares rebound..

Operator has whole agenda to press the price down to 0.52 so that pp can be placed for the "someone" to join in.

The issue here is the entire process only take about 2 months time for shares to up and down at this level, we need to think the reason why they need so urgent to have so complicated process and subsequent ask for EGM to approve cloud business. That's not hard to explain the application of digital bank, ekyc, and cloud is going to happen very soon.

With the joining of "someone" to this loss making company, it indicate the someone is confidence to this new businessess. Finger cross, If they are tencent then that's even make sense they wanted to get their market share in msia on cloud business as you can see they are fighting with Alibaba on the cloud market share lately by huge investment cost to cloud business
They also lately buying iflix, which is also loss making company.

I have not hesitate at all for all these going to happen very very soon. My worry is more on management performances. They are lousy in their past records, now got to see the new member who joined whether can change the situation.

Posted by Good123 > 2020-07-04 09:14 | Report Abuse

G3 is controlled by gp via G3 mother shares and warrants. hopefully, khan cashed out from mmag and takes some GP new private placement :)

KUALA LUMPUR (July 3): MMAG Holdings Bhd executive chairman Datuk Khan Mohd Akram Khan has resigned from the post, effective today, after disposing of his shareholding in the information and communications technology (ICT) firm.

Khan, 50, said in an exchange filing that he is leaving MMAG “to concentrate fully on my executive role in another public listed company for my career advancement”.

According to MMAG’s website, Khan currently serves as the managing director of G3 Global Bhd which specialises in Internet of things solutions and artificial intelligence (AI). G3 Global is listed on the Main Market of Bursa Malaysia.

MMAG said Khan is a strategist and a serial entrepreneur in the fields of big data analytics, automotive, logistics and trading, as well as other related products, with nearly 30 years of experience in these areas.

Two days ago, Khan disposed of his entire indirect interest of 102.01 million shares, representing a 10.08% stake, in the ACE Market-listed MMAG at 30 sen per share, another filing showed.

The shares, held via Cyress Valley Sdn Bhd, were disposed of via direct business transactions.

Meanwhile, MMAG alternate director Dirk Johann Quinten has left office due to the resignation of Khan as the principal director. Dirk, a German national, previously worked with Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas).

In another development, MMAG chief financial officer Kenny Khow Chuan Wah acquired 10 million shares in the company, representing a 0.99% equity interest, via Grandstead Sdn Bhd at 30 sen per share, another filing showed.

This raised his stake in MMAG to 14.06%, or 142.19 million shares, according to another filing.

MMAG’s share price dropped 1.5 sen or 3.9% to 37 sen today, with 1.24 million units done. This gave the counter a market capitalisation of RM374.32 million.

Posted by Good123 > 2020-07-04 09:17 | Report Abuse

if tencent becomes a major shareholder of GP via the recent Kendall's stake sold plus the new private placement, i hope the finance director to be appointed by tencent to control and manage cost, set KPIs for money spent, etc

Posted by Good123 > 2020-07-04 09:20 | Report Abuse

kiplePay payment gateway, good biz growth nowadays. F

Posted by Good123 > 2020-07-04 09:23 | Report Abuse

Seven of the Top 10 largest companies in the world are in technology. This is the highest concentration of any industry sector among the top global companies and 2019 saw close to US$300bil in venture capital investments.

Silicon Valley remains in the top spot for start-up ecosystems, followed by New York, London, Beijing and Boston.