Someone buying from netx ooo @ 0.085-0.09. Netx tak mau goreng baru sell ooo... Netx choose to sell now oo and Left some percentage of holdings only ooo.. . Fintec also dont subscribe ri ooo... This two conz comp not substantial liao... Someone want to be substantial ooo... Victor yong promote to buy ooo means he is netx punya org. So he is substantial soon?
KUALA LUMPUR (Dec 18): NetX Holdings Bhd has ceased to be a substantial shareholder of MLabs Systems Bhd after disposing of 30 million shares in the latter.
NetX said following the disposal, its shareholding in MLabs is reduced to 3.91% from 7.32% previously.
The disposal of the shares was carried out by its Hong Kong subsidiary, First United Technology Ltd, in the open market on Dec 16, NetX added in a filing with Bursa Malaysia.
The group did not disclose the transaction price, but based on MLabs’s closing price of eight sen on Dec 16, the block of shares is valued at RM2.4 million.
Market Capital (RM) 70.48m Number of Share 880.98m
NetX Holdings Bhd has ceased to be a substantial shareholder of MLabs Systems Bhd after disposing of 30 million shares in the latter.
NetX said following the disposal, its shareholding in MLabs is reduced to 3.91% from 7.32% previously.
The disposal of the shares was carried out by its Hong Kong subsidiary, First United Technology Ltd, in the open market on Dec 16, NetX added in a filing with Bursa Malaysia.
The group did not disclose the transaction price, but based on MLabs’s closing price of eight sen on Dec 16, the block of shares is valued at RM2.4 million.
Growth track: An employee works at a warehouse in Wuxi. China’s growth is on track to return to its pre-virus trend, just as it bounced back quickly in the post-Global Financial Crisis period. — AFP
ASIA remains one of the bright spots for investors going into 2021.
Amid the better containment of the Covid-19 pandemic across the region, and supported by the massive fiscal and monetary stimulus measures, Asian economies are likely to see faster and sharper rebound than other parts of the world.
Fund managers and analysts see this as an opportunity to increase exposure to Asia.
BlackRock Inc, for one, says it is overweight on Asia (excluding Japan) equities. The world’s largest asset manager says it is also in favour of Asia fixed-income and high-yield assets.
“Many Asian countries have effectively contained the (Covid-19) virus – and are further ahead in the economic restart, ” BlackRock explains. We overweight Asia ex-Japan equities and Asia fixed income on the region’s effective virus response, and favour assets exposed to Chinese growth, ” it adds.
BlackRock Inc, for one, says it is overweight on Asia (excluding Japan) equities. The world’s largest asset manager says it is also in favour of Asia fixed-income and high-yield assets.BlackRock Inc, for one, says it is overweight on Asia (excluding Japan) equities. The world’s largest asset manager says it is also in favour of Asia fixed-income and high-yield assets.
In its “2021 Global Outlook” report, BlackRock says it expects Asia’s technology orientation as a factor that would enable the region to benefit from structural growth trends.
BlackRock also expects persistent inflows to Asian assets taking place next year, noting that many global investors remain underinvested in the region, and that China’s growing weight in global indexes will be a pull factor.
“We see assets exposed to Chinese growth as core strategic holdings that are distinct from emerging-market exposures. There is a clear case for greater portfolio allocations to China-exposed assets for returns and diversification, in our view, ” it says.
China exposure
BlackRock notes China’s growth is on track to return to its pre-virus trend, just as it bounced back quickly in the post-Global Financial Crisis period. It also points out that China’s share of global gross domestic product (GDP) has been steadily growing even as its growth has slowly trended down as the economy matures.
Similarly, Schroders group argues that China remains the most interesting market in Asia.
In its “Outlook 2021: Asian equities” note, the fund manager’s head of Asian ex-Japan equity investments, Toby Hudson, says China may have lagged regional markets in the recent bounce, but it remains by far the broadest and deepest equity market in Asia.
“It offers a much more interesting range of stock opportunities, both in the mainland A-share market and in the Hong Kong SAR and US listed companies. Here, investors can get exposure to the full range of sectors and a steady flow of new IPOs (initial public offerings) that constantly refreshes the options available, ” Hudson explains.
According to Hudson, there is scope for further catch-up from South-East Asian markets in the near term after the recent bounce amid Covid-19 vaccine optimism.
“However, the choice of investment opportunities at the stock level remains limited. These markets are dominated by the ‘older economy’ sectors, which have less interesting longer-term growth profiles and this makes it unlikely we will become significantly more positive on them in the period to come, ” he says.
Technology shines
In general, Asia has seen a turnaround within markets following the positive Covid-19 vaccine news.
Those perceived as “lockdown losers” – such as travel, leisure, financials and energy shares – have rebounded the most sharply, while the earlier “lockdown winners” have lost momentum and lagged the market rally, Schroders notes.
“It does seem likely that in the coming months, Asian stock markets will see less of the polarised, ‘winner takes all’ performance that we saw earlier in 2020. A broader range of stocks and sectors will likely enjoy gains as investors chase those firms with more recovery potential, ” it argues.
One lockdown trend it expects to continue in Asia is the rise of e-commerce.
“Its penetration is unlikely to recede, as consumers are hooked on the added convenience of these services; the quality and scope of which continue to improve, ” Schroders says.
“Technology sectors more generally have also been winners this year from shifting consumer behaviour, and we are optimistic about the longer-term outlook for many of the main Asian players, ” it adds.
Schroders also expects the shift towards 5G telecommunications to continue in 2021.
“Chip makers are likely to benefit from rising prices for memory, after a downturn in 2019 and 2020. Meanwhile, the ‘digitisation’ of many areas of the economy will continue, which drives demand for incr
LONDON: British Prime Minister Boris Johnson and members of his government risk significant political damage for their decision to introduce extremely tough restrictions on London and parts of the south-east England and withdraw a significant part of the social accommodations they had announced for Christmas gatherings.
Yet, as Johnson said in a widely watched briefing to the nation, “when the science changes, we must change our response.”
The consequences will be felt well beyond politics, social interactions and mental wellness. They will also play out in an economic outlook that is likely to deteriorate both in scale and scope, nationally and globally.
The cause for the lockdown is the identification of a new variant of the Covid-19 virus. This strain is said to spread much faster and already accounts for more than 60% of new infections in London. As such, and again quoting Johnson, “when the virus changes its method of attack, we must change our method of defense.”
The new variant may also raise questions about treatments and herd immunity even as remarkable progress is made on vaccines. There is yet no convincing evidence, one way or the other, on whether the new variant alters the course of the disease. Nor is there compelling evidence, either way, of whether it changes immunity responses.
The immediate economic impact will be an even bigger contraction as more people are less able – because of stricter restrictions – or willing – because of greater health concerns – to interact economically.
This more pronounced double-dip recession for the UK increases the risk of “scarring, ” in which short-term problems become longer-term structural impediments to dynamic supply and demand responses.
The new variant also sheds a much brighter spotlight on another issue – that of tighter restrictions on the internal and cross-border travel of people and, perhaps, also some goods.
With four tiers of restrictions in operation throughout England, will the government confront a decision within the next few weeks between tightening restrictions within the existing regime or perhaps imposing a third nationwide lockdown? And how will other countries react to a new variant? Will they follow the earlier examples of Australia and New Zealand and effectively close their borders to non-citizens?
This worsened economic outlook for the global economy in the short term is accentuated by what’s happening elsewhere in the world. Certain countries that had been model managers of the pandemic such as Germany and South Korea find themselves facing more challenging circumstances.
South Africa is also said to have identified cases of the new Covid variant, suggesting that other countries may also have to impose additional restrictions because of this virus mutation. Yet others are in an even worse place.
In California, where the average daily infection rate has spiked to 50,000, hospitalisations have soared and, with no ICU beds available in the southern part of the state, deaths are tragically on the rise.
Yet there seems to be even more polarisation among Californians on how state and local governments should react. This divide is also playing out in vast differences in compliance with existing guidelines, all of which undermine the possibility of timely policy reactions and appropriately healthy collective actions.
As wonderful as the encouraging news about vaccines is, we should not lose sight of the tragic severity of the immediate outlook. Absent a more timely and holistic response on the part of both the public and private sectors, we risk a lot more damage in the remaining voyage to herd immunity and the related return to better public health and more normal economic and social interactions. — Bloomberg
New coronavirus strain ‘moves fast’ and is becoming the dominant variant
The new strain – now officially named VUI-202012/01 - may be “up to 70 per cent” more transmissible than earlier strains
Boris Johnson has imposed a lockdown on London as the virus surges Boris Johnson has imposed a lockdown on London as the virus surges CREDIT: PA Paul Nuki, Global Health Security Editor, London 20 DECEMBER 2020 • 8:40 PM
Heng CAI I sold 85 last time,arbo lost again 80k ,don't listen cb rang good123 and Victor they will bring u all go Holland keep say 100 95 90 85 75 70 good buy
No need listen this sohai talk la. Buy on own diligence. I dont think he can affect ppl to buy in this forum. Let him do the job for netx and he also get paid.
2years+ left for mlab warrant, if ordinary share price is less than 9.5sen, nobody will exercise the warrant at 9sen. Just focus on ordinary share if u like mlab :)
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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....
Citadel12
1,045 posts
Posted by Citadel12 > 2020-12-18 12:04 | Report Abuse
apa lanjiao pun good news