Concept is good, but need to be proven & supported by revenue & profit continuously increase in future. Hope that the management team can do it well. At least let us see some profit gains in coming quarter
i believe 10cent had gone though GP's financial status and business model before selected them as partner. so if trust 10cent, then can trust GP. i dont think 10cent wil select Ah dog Ah Cat to become their partner.
There are so many better stocks, why would anyone want to buy GPACKET and get trapped? Just look at its record since IPO. If you're a long term investor, stay away.
Without prejudice totally agreed with mike assessment. If coming announcement not Tencent coming in {as speculated} GP can expect & see more selling pressure
There are so many better stocks, why would anyone want to buy GPACKET and get trapped? Just look at its record since IPO. If you're a long term investor, stay away.
15/08/2020 1:30 PM
mkmike. True. Just like the gloves stocks trash can become gold.
I aware not many people notice the coming big deal next week. Hope my guessing is wrong. Maybe last 2 weeks all focus on glove stocks. Some people really don't know at all who is 10cent and what this big brother do.
Even the agenda (previously posted by someone in the forum) only mentioned "top cloud provider" until those sharp eyes notice got another pic posted in fb "partnership with TXxx " then finally we know who is this provider.
Once the news out in Tues, many may regret who sell their ticket last week.
Here, the Technolopy Giant ( Chinese said Dragon head) who's worth than Facebook now.
Txxx (OTC:TCEH.Y) is one of the largest tech companies in China. It owns WeChat, the country's top messaging app; the world's largest game publishing business; China's second-largest cloud platform; one of the country's largest video streaming platforms; and one of its top digital payment platforms.
Txxx's stock has rallied more than 1,400% over the past decade as its gaming and advertising businesses expanded and it entered new markets.
How to judge which stock is better depending on how long sighted you are. And whether which one is the best still yet to judge, who are the winner at the end of 2 years time no one knows.
If you just looking at the current market in the next few days, yes I do agreed with you you can go for healthcare sector for better stocks, or "worse" due to big corrections last few days ?
Cloud business no doubt is definitely new era and a big piece of cakes that every big top companies aim to, such as Microsoft, Alibaba, amazon, tencent and etc.. why all big companies ventured into this clouding business? Think about it, they are top companies in the world!!
See the latest financial results from tencents, the main growth of the busines was mainly due to cloud business !!!!
With the cloud business, from the partnership with 10cent, GP could now have better solutions for own kiplelive products, together with xendity acquired lately that existing ady worked out with BNM, to serve the digital banking going forwards as in ekyc as their aim in digital Proptech and FinTech. This is a very good positive direction and huge potential going forwards. But you can't see this in next few days, dude!
Also BNM will ultimately issued 5 digital banking license and GP had participated since day one on the approach and guideline, key requirements are healthy balance sheets, GP now fulfilled about 80-100 mil capital, GP fulfilled with PP issuance, technology like AI, GP fulfilled!!
Digital bank would ultimately kill transitional banks, covid 19 pandemic accelerate the important of digitalisation, no matter you like or not but you have to accept the fact this is the upcoming trend. If you left out, you can't compete with others.
Ofcourse now still hard to judge how success of GP as it need times to prove, and all these need at least 1-2 years to prove and results will be out by then. But at least, the direction is positive and the potential is rather huge, if you like to take a small risk to invest now, you will get rich later when they become key player and succes later. It's something like Huawei at early stage no one believe them but how is huawei now?
From the share price, I would see the downside risk is very minimum and the potential upside is huge, worth to take the risk and invest ? That's your call!!
I only can say I see GP is step by step moving to the direction , from acquiring of xendity, issuance of pp, disposed the webe, approval of clouding business and the next is signing ceremony with 10cent next week. All these are happened in just 1-2 months. More steps coming to achieve the direction. Good luck!!
Sometimes you don't need to do anything but just wait patiently, everything need to time to move. You can't see it happened overnight but if you wait patiently, you will get rewarded, do business also you can't expect the next day will give you huge profit correct or not, if you believe then just wait, don't believe just sell, simple logic sense.
The sentiment from the signing would excite share price. More so when the China party decides to subscribe for the private placement and emerge a major shareholder in GP
Market sentiment is affected by glove counters and GDP. On Friday.
For me GDP is ady been digested by market on Friday and it's just an one-off negative impact due to MCO happened in March to May. 3rd quarter should be rebound back since our country is so far controlling quite well comparing to other countries.
Not because of poor maker sentiment on Friday, it should be shooting at higher range, but yet this give chance to those who still wanted to collect cheap at this moment. Else once it starting shoot with a faster speed, you could only able to buy at more costly price.
From TA, it been moving sideway for quite awhile and strong support at 0.50. The recent price movement up with volume is indicated that the rocket is ready to shoot further. if market sentiment is good next week, you can get ready your popcorn and watching the show on how operator push the price.
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Posted by abang_misai > 2020-08-14 21:58 | Report Abuse
Hehe. Aku jugak main kontra. Nasib lah kalu boleh buat untung