Here we go again~ Jack Ma is coming to Malaysia again!!! Since his last arrival in Malaysia on 22 March 2017, a few technology counters had been goreng-ed up. Rumours had been spreading around that Jack will be acquiring a Malaysia company for the purpose of DFTZ. But i am not sure how true are the rumours or is this really his intention.

Jack Ma's first visit to Malaysia on 22 March 2017[1]

Now, he is coming to Malaysia on 3 November 2017. And Digital Free Trade Zone (DFTZ) goes live!!!

Mari mari[2]

DFTZ is now ready to go live with the launch of its logistics operations and Najib will flag-off more than 1,500 Malaysian small and medium enterprises (SMEs) for them to begin their export journey. Among others, DFTZ will provide physical and virtual zones to facilitate SMEs to capitalise on the convergence of exponential growth of the Internet economy and cross-border e-commerce activities[2].

The set-up will include an e-fulfillment hub, satellite services hub and an e-services platform to stimulate growth in electronic trade which will also function to support Internet companies to trade goods, provide services, innovate and co-create solutions.

Malaysia Digital Economy Corporation (MDEC) is confident DFTZ will boost Malaysia’s e-commerce roadmap that was introduced in 2016, aimed at doubling the nation’s e-commerce growth and increase the Gross Domestic Product contribution to RM211 billion by 2020. The government, via its budget tabling, also announced an allocation of RM83.5 million for infrastructure construction for the first phase of the DFTZ in Aeropolis, Kuala Lumpur International Airport (KLIA), to create a regional gateway for e-commerce[2].

Of course i do not know which counter will be goreng-ed up again. But by looking at the chart, there are some fishy activities going on at these counters. Whether it is really due to some going-to-be-announced activities or just purely being speculated around. Only time and Mr Market will tell. Remember, the counters i'm going to mention are for reference and case study purposes only. I am going to talk on the Technical Charts only. I am not spreading or speculating around~

1. EFFICEN

EFFICEN Daily Chart

On 23 March 2017, a day after DFTZ, EFFICEN rised up to 72%!!! EFFICEN is our CHAMPION~ After March, EFFICEN went for hibernation for a long time. Till now the volume is not so active. Just recently, EFFICEN announced they are proposing to acquire Kaapagam Technologies Sdn Bhd, a company is an IT and cyber security product development and consultancy company[3]. The current support is 0.415 while the resistance is at 0.500.

2. CUSCAPI

SYSTECH rised up to 13%, and had been in uptrend after that. There are also some announcement of corporate exercise done by SYSTECH. SYSTECH had acquired a company called Rofarez Solutions Sdn Bhd, which later changed name to Syscode Sdn Bhd. Syscode Sdn Bhd is engaged with cloud software solutions[4][5]. SYSTECH is currently in sideway and i noticed that there might be a chance for SYSTECH to spike up due to the golden triangle which it is now forming.