so many loser said wait for 5 more years, what a loser. we are not looking at how long but the company will grow with Ant IPO, the timing is everything.
As Ant Group plans on possibly creating the largest IPO in history, it has already launched a new platform on its blockchain business, AntChain. This stands as one of many projects Ant Group has been doing through the use of blockchain technology since it started with the nascent technology back in 2015. Ever since, Ant Group has been hard at work, pairing it up with innovations like AI and the Internet of Things.
AntChain’s latest platform caters to copyrighting, allowing for AI and blockchain technology to work in tandem to secure copyright certificates for anything uploaded to it. It was developed in such a way that it can even be used within the Courts regarding copyright infringement cases.
TraX is a platform solution developed by XOX for AntChain (AntGroup) for the pharmaceutical & food industrial sector which will be targetted to SMEs in SouthEast Asia for adoption and some collaboration to introduce more platform such as Blockchain & Creator ID for digitalization.
Blockchain solutions spending in Asia Pacific excluding Japan (APEJ) is expected to grow significantly over the 2018-2022 forecast period with a five-year compound annual growth rate (CAGR) of 77.5 per cent and total spending of US$2.4 billion by 2022, according to an update of the IDC Worldwide Semiannual Blockchain Spending Guide.
Its minister Datuk Saifuddin Abdullah said the ministry opined that it was important for Budget 2021 to recognise internet connectivity as a public utility in this country.
XOX a strategic partner of AntChain for the APAC region offers an end-to-end blockchain solution that will significantly boost trust and digital transformation for various industries. XOX is a technology company that strives to provide continuous digital solution to its consumers and customers.
It's a given fact that XOX will rollout blockchain to South East asians countries and already in the progress with the partnership of AntGroup. Biggest IPO in history is coming, let them talk whatever they want, what will eventually happen is in the plan.
It could be the start of a new bull run, or just another trap. I’m leaning towards the former for the following reasons:
1. The surge in volume took place near the end of the trading session. This is a very crucial event as it is in fact quite common for the ‘smart money’, or sharks, to wait towards the end of the trading day before pouring in their funds into a particular stock. In the past when we saw the sharp rise and fall of the price, which happened quite a few times, could be that the ‘dumb money’, or uninformed retailers, having some false hope about the stock, and so the ‘fake’ bulls proved to be highly unsustainable when it disappointed by dropping again prematurely.
2. One must not compare today to whatever happened throughout the past two months when XOX dropped sharply from 39.5 to 10 despite having big news left, right and centre such as the collaboration with AntChain, investment in Nexion and Macpie, investment by Kgroup and so on. Technically, that rise to 39.5 was in fact the B wave of the expanded flat correction from the orthodox top at 32 sen that was reached on the 10th of August, and so it was only logical for it to just slide down from 39.5. Please kindly read more about Elliott Wave Theory if you can’t understand this point as the lack of space in the comment section is most inconvenient for me to explain everything here.
3. Nexion in which XOX has a stake, has made quite a fine bull run over the past two months after a very long period of humdrum market activity. I’m not quite of a fundamental person, so I don’t really bother reading up on companies’ business activities and stuff, but I do have my suspicions. My teacher taught me that if you want to look for an undervalued company to invest in for a long term, one of the things you must check out is if they are making a turnaround. I believe Nexion is making an attempt at a turnaround, and seeing that XOX is interested in Nexion’s business then I can only hypothesize that XOX too, is trying to turn things around. I honestly don’t know about the blockchain thingy XOX is working on, but my opinion is that if XOX sucks balls at telecommuncations business, then this new thing might not at all be a bad thing provided that they can give good returns to their investors. The business with Ant Chain also gives a good impression about XOX, we may find out about it sooner or later if anything good will indeed materialise..
4. KLCI has been undergoing a major technical correction (and probably still is?) since the end of August or early September, so it was quite understandable that many stocks too, XOX included, faced a huge downfall. Look at those mighty glove and healthcare stocks. Even Supermax was not spared despite announcing an impressive quarterly report when we saw its price plunged from around RM12 (after-split value) to about RM5. I know people who lost tens of thousands of Ringgits trading Supermax shares during that period, and it’s highly unthinkable considering how Supermax has made some of us millionaires since the start of all this Covid-19 fiasco.
As I would assert in my comments, both bullish and bearish views are welcomed to either support and challenge me in a healthy discussion. Thanks.
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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....
Mus_Jaya
104 posts
Posted by Mus_Jaya > 2020-11-02 17:19 | Report Abuse
man man lai jgn kecoh, limit up too fast orgasm, not nice lah.. slow slow kita dancing up