there is many possibilities in stock market. what if I mean what if Dow Jones collapse next week and u still enjoying your paper profit? lock some of the profit to protect your capital
In a filing with Bursa Malaysia, XOX said its wholly-owned XOX Wallet Sdn Bhd had on August 24, entered into an agreement with Alipay for the blockchain solutions.
XOX, a mobile network service provider, said the agreement with Alipay was effective from August 24 this year for three years.
A company director who spoke on condition of anonymity said the signing of the agreement with Alipay was timely given that Ant Group would launch an initial public offering (IPO) this year.
Ant Group, the payment- and finance-focused sister company of the Chinese e-commerce titan Alibaba founded by Ma, recently announced plans to float on the Hong Kong and Shanghai stock exchanges in a move that could value the company at US$225 billion.
It was reported that Ant Group could raise up to US$30 billion in the flotation, making it the world's largest IPO, overtaking the US$25.6 billion raised in the Saudi Aramco IPO in December 2019.
"We are happy to be associated with such a large group that is controlled by the infamous Jack Ma. We hope this would be a long term partnership with Alipay and that could ride on the future growth of the company and Ant Group," said the director.
Shares of XOX attracted heavy interest yesterday.
It rose 4.5 sen or 18 per cent to reach a four-year high of 30 sen in afternoon trade.
The stock closed 29.5 sen.
It was also the most active stock on Bursa Malaysia with around 563.1 million shares traded.
XOX said the agreement with Alipay would not have any effects on the share capital and shareholding structure of the company.
It is also not expected to have any immediate material effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending September 30, 2020.
XOX said the agreement, being incurred in the ordinary course of business, was also not subject to the approval of the shareholders.
no "big news" how to goreng the stock? sure need lots of news what. push it up, let ppl chase it. ppl pls dont all in, u never know whether u kena trapped or not.
Dear All Sifus, can check with you all why 5G is even a bigger news for XOX? From previous announcement before the cancellation for the allocation below
The other telcos share didnt response much to it. Its just like they are suppose to receive the bandwidth allocation. Maybe someone can share their view here. I am just a newbie eager to learn
5G news coming. Think carefully: HK investors + Ant + China 5G news. U think it will drop just like that tomorrow? Impossible. Sure fly tomorrow and slowly climb up.
The engine just started, still got one more breaking news coming in. I’m holding. As i said before, this ride is high than drugs. Whoever sell below 0.5, will sakit hati
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Hotstuff
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Posted by Hotstuff > 2020-08-26 20:08 | Report Abuse
there is many possibilities in stock market. what if I mean what if Dow Jones collapse next week and u still enjoying your paper profit? lock some of the profit to protect your capital