Posted by wakarimas > 2020-07-09 11:28 | Report Abuse

sbi pls stop selling, kacau betul!

Posted by Speed123 > 2020-07-10 09:13 | Report Abuse

Should be Red today

Posted by maggigoreng > 2020-07-10 09:27 | Report Abuse

wow tp and moving to eforce, that one still lagging behind

Posted by Mazhar3192 > 2020-07-11 16:01 | Report Abuse

Hehehhe...88sen..up slow..slow

Posted by mf > 2020-07-11 16:03 | Report Abuse

SBI HOLDINGS, INC (a substantial shareholder) disposed 1,185,000 shares on 09-Jul-2020.

Posted by Mazhar3192 > 2020-07-12 19:06 | Report Abuse

New board buy back lor...

Posted by Booyeah > 2020-07-13 00:22 | Report Abuse

if go main board, funds will buy in. look at bursa. more ppl trade they benefit more.

Posted by amateurJR > 2020-07-13 13:08 | Report Abuse

Please drop below RM0.8 la.

Posted by Mazhar3192 > 2020-07-13 15:25 | Report Abuse

Hhehhehhe..

Posted by Speed123 > 2020-07-13 22:53 | Report Abuse

Oii . Don't lansi la. . Haha

Posted by Lamshuntee > 2020-07-13 22:54 | Report Abuse

When will n2n change to main board ?

Posted by amateurJR > 2020-07-14 19:30 | Report Abuse

faster drop below 0.8. Earn one more round

Posted by Speed123 > 2020-07-15 10:03 | Report Abuse

anytime soon

Posted by amateurJR > 2020-07-15 12:34 | Report Abuse

Please drop below 0.8

Posted by amateurJR > 2020-07-16 11:07 | Report Abuse

Please drop below 0.8 la

Posted by alexlee06037 > 2020-07-19 14:07 | Report Abuse

When change to main board 0.8 consider cheap, parking
At 0.79 and 0.80

Posted by amateurJR > 2020-07-20 11:45 | Report Abuse

Shareholder keeps disposing shares. Lol

Posted by alexlee06037 > 2020-07-20 12:53 | Report Abuse

when shareholder stop disposing it gonna fly to 1.0

Posted by chickenriceseller > 2020-07-20 16:44 | Report Abuse

i short this stock if i could, hopeless platform

Posted by Speed123 > 2020-07-22 10:53 | Report Abuse

anytime soon..

Posted by Speed123 > 2020-07-24 09:25 | Report Abuse

final round to collect. .

Posted by PomPomShip > 2020-07-24 17:57 | Report Abuse

0.78 already... happy now?

Posted by ashmira > 2020-07-26 17:35 | Report Abuse

SBI will keep selling until they disposed all their shares. Don't know how much they got.

Posted by Value888 > 2020-07-27 10:58 | Report Abuse

Will fly soon. Eforce already flew.

Posted by Sebastian Power > 2020-07-27 15:03 | Report Abuse

just a matter of time transfer to main board. Then rocket!!!!!!!!!

Posted by UndukNgadau > 2020-07-28 06:22 | Report Abuse

https://www.theedgemarkets.com/article/mpay-forms-jv-singapore-venture-capital-firm-tap-digital-banking?type=malaysia

Posted by UndukNgadau > 2020-07-28 06:24 | Report Abuse

Others already started to prepare for "participate in digital banking in Malaysia". N2N need to see the urgency. Cannot totally reliant on just trading platform

Posted by Booyeah > 2020-07-28 10:50 | Report Abuse

N2n connect
Simple explanation
1. Business - recession proof and during good times they make money too.
How their business works.
a) they are an online trading platform for capital markets. hongkong and Malaysia is the largest markets for n2n (70% and 40% respectively). The company make money when volume of trading increases. They earn a cut from the volume itself. In short, nowadays, regardless of placing an order through online or a broker, it will go through this platform. There are only two trading platform in Malaysia. One is eforce and another is n2n.

Business prospect. (I guess this is always a why should I buy)
- expansion in 2018. They acquire AFE solutions from Thomson Reuters. The strategy if acquiring this business is to expand their trading online platform in hongkong. Which they see it has successfully achieved 300% improvement in it's core profits.
- secondly, new investors invested in n2n. Which includes one of the most reputable and largest platform in Japan (sbi holdings). It bought n2n at 1.40 per share from the Andrew tiang (managing director).

Next question. (What's next)
- the company is stepping effort to complete it's Asia Trading Hub (ATB) to promote and enhance seamless cross border trading.
- in addition they want to tap on sbi ( new investors ) capability to venture in Blockchain technology. Take note they are not investing but more towards providing a platform and earning base on the transactions volume.

Now.. at minimum I guess we need to look at some simple financial instead of focusing on dcf, etc. Which honestly, it's not really important.

1) revenue - 2014 (34mil) and 2019 (105mil). There is not a single drop in revenue from 2014 to 2019. Tbh. I personally like revenue instead of looking at profit.
2) profit margin - approximately 10% average. Well maybe consider average.
3) cash - Net cash position. Alot of investors use cash - borrowings to consider net cash. To me, I am Abit more conservative. I take cash minus all liabilities (I mean in the end liabilities are liabilities. You will still need to pay them of regardless of accounts payable,etc.) They have around 120 million cash (including liquid securities) and total liability of 47 million. Which give them 73 million net cash.
4) pe ratio - not that convincing for many investors. Even to me. But ultimately, peg is more important.. what's their forward pe. Giving most conservative of earning 50 earning per share for one year and a forward pe of 15 would give us 75 cents ( 36% margin of safety). But when economy recovers again, their earning and pe should be given a higher valuation. Look at Penta, eforce, even at this unprecedented scenario, they are trading at 20/30 times.
5) % of cash and securities over asset is around 40%. Believe it or not, it's the largest asset component by proportion. In bursa, it would be hard or even tough to find such company. They are basically asset light and cash rich asset model. Basically one of my main criteria in investing.

The downside of course will be sbi investors pulling out their initial investment, and lower trading volumes due to uncertainties.
$KLSE-N2N

Posted by UndukNgadau > 2020-07-28 23:39 | Report Abuse

Wow. Thank you Booyeah

Posted by skyea > 2020-07-29 16:42 | Report Abuse

with all the investing courses on facebook nowadays, the number of retailers will just keep growing year on year. the long term trend is up

Posted by amateurJR > 2020-07-30 10:46 | Report Abuse

Looks like SBI will pull out investment from N2N. Then N2N will announce its merger & acquisition with a suprise company. Haha!

Posted by happynl > 2020-08-01 22:45 | Report Abuse

I am holding some, still supported by 0.775 hopefully it dont drop below it.

Posted by UndukNgadau > 2020-08-02 13:09 | Report Abuse

The Japanese(currently 15.322% holding) will keep on selling till zero. As the Japs have totally loss of confidence in Andrew Tiang. So we just have to keep our faith in N2N & Tiang's vision moving forward. Share $ will keep falling. Hopefully to 0.740 the next 2 days, so that I can buy more

Posted by Speed123 > 2020-08-03 08:49 | Report Abuse

hahaha.. loss of confidence ..
u think sbi like ur grandfather punya kedai runcit meh ....

Posted by amateurJR > 2020-08-03 10:50 | Report Abuse

Unduk N2N wont fall below to 0.74.

Posted by UndukNgadau > 2020-08-03 11:45 | Report Abuse

3rd September 2018, the Japs bought at RM1.10. Come 2020, disposed at a massive loss.

Posted by dayTrader188 > 2020-08-03 17:13 | Report Abuse

https://www.securities.io/sbi-holdings-acquires-10-stake-from-nomura-holdings-in-digital-securities-platform-boostry/

Posted by skyea > 2020-08-04 17:57 | Report Abuse

actually n2n is just in charge of developing an asian trading platform. the crytocurrency part is SBI responsibility. but malaysia cryto regulatory guideline like snail, so SBI have to also invest in another cryto-player to continue the momentum (cuz first mover is important). Nevertheless, once SBI fully develops the cryto part, there is likelihood they will merge it with Asia trading hub.

Posted by shareunion > 2020-08-05 10:07 | Report Abuse

Wow....awesome move!

Posted by happynl > 2020-08-05 10:14 | Report Abuse

finally, waited so long~~ 2 weeks already

Posted by PlayPlayOnly > 2020-08-05 10:23 | Report Abuse

FINALLY~~

Posted by PlayPlayOnly > 2020-08-05 10:28 | Report Abuse

WOW, resistance broken!!

Posted by shareunion > 2020-08-05 10:29 | Report Abuse

爽爽来个。。。。。limit up!

Posted by happynl > 2020-08-05 10:34 | Report Abuse

i like limit up :)

Posted by Speed123 > 2020-08-05 10:39 | Report Abuse

Lol . Loss of confidence .. said by someone ..

Posted by virgogo > 2020-08-05 10:49 | Report Abuse

This is most under perform stock. fundamentally reasonably profitable. net cash of about 100 million. About 20 % revenue is from fees earned from broking houses based on volume of daily turnover. Business is generated from malaysia (40%) while balance from hongkong and few other asian countries.

Posted by virgogo > 2020-08-05 10:51 | Report Abuse

Oh, with most brokers upgrading their front and back office trading system due to historical high trading volume, it means more business for n2n.

Posted by virgogo > 2020-08-05 10:55 | Report Abuse

Company new Asia trading platform covering malaysia, hong kong, singapore, thailand,indonesia and philippine for trading of shares and other derivatives will spur growth going forward. Oh. Not to mention Japan

Posted by apple168 > 2020-08-05 10:55 | Report Abuse

Sold all... thanks...

Posted by virgogo > 2020-08-05 10:58 | Report Abuse

NOt to mention application to transfer listing from ace mkt to main board should be approved anytime . U guess will their coming coming June quarter profit be good??.