The press conference was held following the signing of a collaboration agreement between Puan and Tencent Cloud vice-president Flying Wu, witnessed by Science, Technology and Innovation Minister Khairy Jamaluddin.
Please refer to my previous comment, Green Packet is on the correct track.
Stock: [GPACKET]: GREEN PACKET BHD Aug 14, 2020 8:21 AM | Report Abuse
Few things we need to note:
1. Not 100% sure but it should be part of the requirement from BNM, a company need to be in heathy (with x net cash) to apply for Digital Bank license
2. Under RMIT requirements, a financial institute need to keep the financial data in: a. Local, 2. Secure location (at least Tier-3 DC or Tier-4 DC)
3. Currently only Alicloud have their DC in Cyberjaya
For GP, the strategic consideration for them to build the DC and the acquisition of eKYC and even partnership with Tencent now might be;:
1. Applying for Digital Bank license 2. Provide Tencent Cloud in a local DC 3. If (1) failed, turn around to be service provider to the winner of the Digital Bank for local DC + eKYC + any related technology from Tencent WeBank
GP is in a good financial position to do all this now.
Also, there might be some hidden forces that is pressing down the price which to me, it’s a good sign. BNM will not in any rightful mind, award the Digital Bank license to a goreng counter. Have anyone see any bank counter is a goreng counter ah? It’s best to let the price go up slowly.
This is just my personal analysis and observation. This is purely common sense and what is logical given what they had been doing over the past two months.
Gpacket too ambitious too many biz endeavoure that didnt turn up profitable and along the way affected investors n retailers confidence in its co s sharr
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....
nicholas99
9,917 posts
Posted by nicholas99 > 2020-08-18 14:08 | Report Abuse
Thats why the chinese move in quicker than the rest.