For pass 2 months SBI, has been selling some shareholdings. Ask yourself who has been buying. Off course the smart funds, like some of u. So crazy many third liners shares with ZERO fundamental see their share prices increase by more than 100% year to date. Also with volume of shares traded daily exceeding 100 million. Why then N2N be added to your portfolio. At least u dont loss your hard earned money during a market correction
N2N is in a promising business. The concern I have is their technical capability. It is not clear to me how good they are - like, do they have in-house capability in blockchain technology? Or, still need to count on SBI?... anyone know how good they are technically?
There’s no 100% perfect system.. just like your pc if you run a lots of program concurrently, it will hang also .. let alone trading which is real time that require high bandwidth especially there’s spike in volume , we should know how stable is the internet in MY :P
Today Bursa 27 Billion Volume Transacted !!!!!! That's freaking huge record, N2N fat profit lorh, congrats in advance those who caught it at 4.30pm. Cheers to all
"During the global pandemic, the market experienced a surge in trading activity as share prices fell and market indices dipped and the same was observed for Malaysia. As a result, brokers and investment banks benefited from the increased trading volumes and these benefits flowed to the Group owing to its transaction based charging mechanism. The fact that the group’s customer base in Malaysia comprises securities companies that rank amongst the top 15 in Bursa Malaysia in terms of trade volume presented the Group with further advantage. "
Japs(SBI) have totally loss of confidence in Andrew Tiang. I'm a Sabahan, I have 100% confidence in him. Sabahan are rich, we will buy N2N all the way(up or down).
SBI just need some money for their other investment, don't worry if they throw there must be another giant buying all their disposal, btw today supported by 20MA, healthy correction still.
They have recurring income as people subscribe to their service + income based on volume transaction, this is a solid counter especially during tough times like this
N2N has never recorded losses ever since they change their service to subscription based for Bursa and all other platforms and revenue based on transaction volume gives them an edge when there's high volume.
Singaporean owners sold 30% shareholdings from their own shares to SBI at 1.20-1 45. That time N2N was at 0.90, everybody chased like hell like open secret to hit to 1 45.it dropped all the way to 0.5 and bounded back to 0 85 today. SBI losses heavily and sold off everyday. The company performance is good. The shit Singaporean owners are dam shit fellow so you see it always below 1.00. They bought back all those 30% to SBI from 0.50 onwards
Japs still holding 74,947,831 shares or 13.43%. Disposed 1,200,000 shares on 11-Aug-2020. At this rate, that's another 60-70 trading days to 'Sailang', that's around middle of November, just before Q3 result. Anyway, we Sabahan will keep on buying all the way. The cheaper the better, obviously!
we all know company solid , business good, net cash company, prospect good, just the SBI dumping, so why not collect when the price is low now?? Just the matter of time, it will fly high. When it successfully transfer to main market, that is another catalyst.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: A fertilizer formulating and blending company, Cropmate Berhad aims to list on the ACE Market!
MQ Trader 580 views | 3 d ago
0:17
New IPO: Supreme Consolidated Resources Berhad, a distributor and warehouser of F&B products, aims to list on the ACE Market!
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....
PlayPlayOnly
4 posts
Posted by PlayPlayOnly > 2020-08-05 10:58 | Report Abuse
it is just the beginning of the show, very beautiful start~~