Volume up really actively traded after knowing top mgmt dah jadi new substantial shareholders

Up mother share n warrant, probably confidence returns dah tahu 3 top mgmt dah Muncul sebagai pemegang Saham terbesar

Mereka yang takda wang yang banyak dan nampak potential netx sedang Sapu warrantnya, expiry date 3 tahun

Netx warrant sells like hot cakes at 4sen :)

Macam bauto, top mgmt adalah substantial shareholders :)

Bagus. Top mgmt became 3 new substantial shareholders, company and personal interests will be in tandem with one another.

Change in Boardroom

NETX HOLDINGS BERHAD

Date of change 02 Nov 2020
Name MR YONG KET INN
Age 63
Gender Male
Nationality Malaysia
Type of change Redesignation
Previous Position Independent Director
New Position Non-Independent Director
Directorate Non Independent and Non Executive

Traders loss, investors gain buying cheaply from traders for medium or long-term

Good income for netx continuously upon completion :)

KUALA LUMPUR (April 29): NetX Holdings Bhd, whose shares were the most actively traded on Bursa Malaysia today, is teaming up with Australian financial services provider Finexia Securities Ltd to introduce, promote and operate a point-to-point currency exchange digital platform that NetX developed, which comes with an in-built e-wallet function, in Australia.

The group's wholly-owned E-FX Sdn Bhd has inked a two-year collaboration agreement with Finexia Securities for the collaboration, according to NetX in a stock exchange filing.

Under the agreement that commences today, Finexia Securities will have the exclusive right to use and operate the E-FX platform in Australia. In return, it will have to generate a minimum revenue of A$4 million (some RM11.32 million) over the next two years, A$1 million in the first year and A$3 million in the second year.

Any profits generated from the spread of forex, remittance, investment and balance floats of the E-FX platform will be split on a 50-50 basis between E-FX and Finexia Securities.

The initial rollout and market testing of the E-FX platform will be carried out in Malaysia and Australia. Towards this end, NetX's partnership with Finexia Securities will allow NetX to penetrate into the Australian markets under the steady hand of Finexia Securities, "who specialises in the equity capital markets and possesses ample experience in dealing with the Australian authorities", NetX said.

"Finexia Securities will be responsible to secure as soon as possible the fintech regulatory sandbox licence from the Australian Securities and Investment Commission for the initial real market testing of the E-FX platform in Australia," NetX added.

The idea behind the platform is to eliminate travellers’ needs to visit the traditional brick-and-mortar currency exchange dealers, and the frustration that usually entails, said NetX executive director Steve Tan.

It is also to take away worries about personal safety from carrying around huge amounts of cash, as well as address the issue of having to deal with small foreign notes that dealers refuse to accept after a vacation abroad. "The last issue was what prompted us to incorporate an e-wallet function into the E-FX platform in the first place," Tan said.

Good to see new substantial shareholders :)

NETX Shareholding Changes

Date of change Shares Director/
Substantial Shareholder
27 Oct 2020 Other
100,120,000 Mr Tan Sik Eek
27 Oct 2020 Acquired
50,120,000 Mr Yong Ket Inn
27 Oct 2020 Acquired
100,120,000 Mr Tan Sik Eek
27 Oct 2020 Other
50,060,000 Mr Tan Sik Eek
27 Oct 2020 Acquired
103,800,000 Miss Charissa Lim Zhu Ai
27 Oct 2020 Other
25,060,000 Mr Yong Ket Inn
27 Oct 2020 Other
50,120,000 Mr Yong Ket Inn
07 Jul 2020 Acquired
1,000,000 Mr Tan Sik Eek
07 Jul 2020 Acquired
1,000,000 Mr Yong Ket Inn
23 Aug 2019 Acquired
19,000,000 Asiabio

Executives

NAME/TITLE

Tan Sik Eek "Steve"
Executive Director
Board Members

NAME/COMPANY
TENGKU Ym Ahmad Badli Shah Bin Raja Hussin
Pelaburan Mara Bhd
Tan Sik Eek "Steve"
XOX BHD
Chu Chee Peng
Fintec Global Bhd

4 Weeks Range: 0.095 - 0.175 :)

under liquidation? to be closed for good? international borders closed, people are afraid to fly, correct? economy recession in everywhere, people tend to save and not go for holidays too

Cash n cash equivalents rm46mil++ as at 31.8.2020

Cash rich.

NETX HOLDINGS BERHAD (Registration No. 200001030834 (533441-W))
(Incorporated in Malaysia)
UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS FOR YEAR TO DATE ENDED 31 AUGUST 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Profit / (Loss) before taxation Adjustment for:
Depreciation of property, plant and equipment Amortisation of intangible assets Amortisation of deferred income
Share-based payment expenses accrued Property, plant and equipment written off Loss on fair value revaluation on investment Unrealised foreign exchange (gain)/loss Interest expense
Interest income
Operating (loss)/profit before working capital changes
Decrease / (Increase) in current assets Increase / (Decrease) in current liabilities Advance receipts for deferred income
Cash Used in Operations
Tax Refund / (Paid) Interest received Interest paid
Net Cash Used in Operations
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment
Acquisition of intangible assets
Net Cash From/(Used in) Investing Activities
CASH FLOW FROM FINANCING ACTIVITIES
Proceed from issuance of shares
Repayment of term loans
Net Cash Used in Financing Activities
NET CHANGE IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS BROUGHT FORWARD EFFECT ON FOREIGN CURRENCY TRANSLATION
CASH AND CASH EQUIVALENTS CARRIED FORWARD
Cash and cash equivalents at end of year consist of :-
Cash and bank balances
(2,214)
1,013 924
(170) 1,677 1 33
(327) 90
(1,181)
(140) (8,102)
920
111 (7,211) (3)
1,181 (90) (6,123)
(99) (2,221) (2,320)
19,521 (111)
19,410 10,967 35,229
66 46,262
46,262
CURRENT YEAR TO DATE 31/08/2020 RM'000
PRECEDING YEAR TO DATE 31/08/2019
**
N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A N/A N/A N/A N/A
N/A N/A N/A
N/A N/A N/A
N/A
N/A N/A N/A
N/A
** There are no comparative figures disclosed for the preceding year following the change in the financial year end from 30 June to 30 November
The unaudited Condensed Consolidated Statement of Cash Flow should be read in conjunction with the audited financial statements for the financial period ended 30 November 2019 and the accompanying explanatory notes attached to the interim financial statements.

Last day for announcing quarterly results today

Netx juga Ada biz macam ini, bukan? :)

Zoom Is Now Worth More Than ExxonMobil—And Founder Eric Yuan’s Net Worth Has Nearly Doubled In Three Months

Investors are holding the shares for medium term, only speculators/traders buy/sell daily. Total value in RM traded, less than RM500K daily only for the past few days :)

Recent Prices
Date Open Range Close Change Volume RM
27/10/2020 0.12 0.115 - 0.125 0.12 +0.005 (4.35%) 3,567,700 = RM428,124.00
26/10/2020 0.12 0.115 - 0.12 0.115 -0.005 (4.17%) 2,413,300=RM277,529.50
23/10/2020 0.125 0.12 - 0.125 0.12 -0.01 (7.69%) 3,333,300=RM399,996.00
22/10/2020 0.13 0.12 - 0.135 0.13 0.00 (0.00%) 6,231,200
21/10/2020 0.14 0.13 - 0.14 0.13 -0.01 (7.14%) 8,978,900
20/10/2020 0.14 0.14 - 0.145 0.14 0.00 (0.00%) 4,131,700
19/10/2020 0.145 0.14 - 0.15 0.14 0.00 (0.00%) 7,777,700
16/10/2020 0.15 0.14 - 0.15 0.14 -0.01 (6.67%) 7,777,700
15/10/2020 0.15 0.145 - 0.155 0.15 0.00 (0.00%) 3,656,000
14/10/2020 0.155 0.15 - 0.165 0.15 -0.01 (6.25%) 14,174,900
13/10/2020 0.155 0.15 - 0.16 0.16 +0.005 (3.23%) 3,426,000
12/10/2020 0.17 0.155 - 0.175 0.155 -0.005 (3.12%) 13,841,200
09/10/2020 0.15 0.145 - 0.165 0.16 +0.015 (10.34%) 14,594,100
08/10/2020 0.15 0.145 - 0.155 0.145 0.00 (0.00%) 4,890,100
07/10/2020 0.15 0.145 - 0.155 0.145 0.00 (0.00%) 3,305,000
06/10/2020 0.14 0.14 - 0.165 0.145 +0.005 (3.57%) 27,156,000
05/10/2020 0.15 0.14 - 0.15 0.14 -0.01 (6.67%) 7,496,700
02/10/2020 0.155 0.14 - 0.155 0.15 -0.01 (6.25%) 6,889,600
01/10/2020 0.15 0.145 - 0.16 0.16 +0.02 (14.29%) 12,271,300
30/09/2020 0.20 0.18 - 0.205 0.185 -0.015 (7.50%) 9,053,300

Be calm. :)


Date Range Close Volume
26/10/2020 0.115 - 0.12 0.115 2,413,300
23/10/2020 0.12 - 0.125 0.12 3,333,300
22/10/2020 0.12 - 0.135 0.13 6,231,200
21/10/2020 0.13 - 0.14 0.13 8,978,900
20/10/2020 0.14 - 0.145 0.14 4,131,700
19/10/2020 0.14 - 0.15 0.14 7,777,700
16/10/2020 0.14 - 0.15 0.14 7,777,700
15/10/2020 0.145 - 0.155 0.15 3,656,000
14/10/2020 0.15 - 0.165 0.15 14,174,900
13/10/2020 0.15 - 0.16 0.16 3,426,000
12/10/2020 0.155 - 0.175 0.155 13,841,200
09/10/2020 0.145 - 0.165 0.16 14,594,100
08/10/2020 0.145 - 0.155 0.145 4,890,100
07/10/2020 0.145 - 0.155 0.145 3,305,000
06/10/2020 0.14 - 0.165 0.145 27,156,000
05/10/2020 0.14 - 0.15 0.14 7,496,700
02/10/2020 0.14 - 0.155 0.15 6,889,600
01/10/2020 0.145 - 0.16 0.16 12,271,300
30/09/2020 0.18 - 0.205 0.185 9,053,300
29/09/2020 0.195 - 0.205 0.20 4,976,500

The largest shareholder of MLAB, Netx fell ~50% after share consolidation & right issue. If u love MLAB, then u better but Netx :)

:)

Date Close Volume
20/10/2020 0.14 4,131,700
19/10/2020 0.14 7,777,700
16/10/2020 0.14 7,777,700
15/10/2020 0.15 3,656,000
14/10/2020 0.15 14,174,900
13/10/2020 0.16 3,426,000
12/10/2020 0.155 13,841,200
09/10/2020 0.16 14,594,100
08/10/2020 0.145 4,890,100
07/10/2020 0.145 3,305,000
06/10/2020 0.145 27,156,000
05/10/2020 0.14 7,496,700
02/10/2020 0.15 6,889,600
01/10/2020 0.16 12,271,300
30/09/2020 0.185 9,053,300
29/09/2020 0.20 4,976,500
28/09/2020 0.20 8,643,200
25/09/2020 0.21 13,584,300
24/09/2020 0.23 22,942,100
23/09/2020 0.225 24,317,700

But everyone would benefit from a world where companies once again aspire to be more creditworthy.

:)

The shares of companies with stronger balance sheets have this year massively outperformed those with weaker ones, according to Goldman Sachs data.

Smartlah, in fact, the director in the BODs was there since 2015. Right timing for commercialization, learning Dan experience curve Dah dilalui :)

@stockraider U should bought the RI plus excess RI to make up your shortfall like General Raider loh...!!

It is too late now to Cry Baby loh...the RI & excess RI is over mah..!!

No need to Cry Baby mah, just move on for better tomorrow mah...!!

Lets Focus the key success factors at Present Netx mah;

1.CULMULATIVELY NETX ALREADY SPEND RM 200M DEVELOPMENT COST, U JUST JOIN AT THE TIL END OF UPCOMING COMMERCIALIZATION AT A DISCOUNT MAH..!!

2. THE NET CASH OF NETX IS HIGHER THAN THE SHARE PRICE MKT CAP LOH..!!

3. ALL THE EXISTING SHAREHOLDERS LOSE MONIES INCLUDING THE MAJOR SHAREHOLDERS & INSIDERS LOH...!!

4. THE RIGHTS ISSUE WITH WARRANT AT 13 SEN ACCORD U PROTECTION UPTO SHARE PRICE 11.5 SEN LOH...!! MEANING IF SUBSCRIBE THE RIGHTS & EXCESS U CAN AFFORD NETX TO FALL TO 11.5 SEN WITHOUT LOSING A SINGLE DIME MAH..!!

5. THE UPSIDE OF NETX IS VERY HIGH LOH...POSSIBILTY IT CAN GO 15 SEN IMMEDIATELY & 25 SEN AND EVEN 50 SEN THE NEXT 6 MONTHS MAH...!!
THE PROFIT OPPORTUNITY IS ENORMOUS LOH & NOT IMPOSSIBLE...!!

JUST SAY NEW NETX IS 25 SEN.... IT IS JUST LIKE 1 SEN PREVIOUSLY
WHEN IT IS 50 SEN............IT IS JUST 2 SEN PREVIOUSLY MAH..!!
SURELY NOT IMPOSSIBLE LOH...!! NETX HAS SHOWN PROFITS THE LATEST QTR & MANY OF ITS PRODUCTS STARTED COMMERCIALIZATIONS LOH..!!

Total loans from bank rm2mil+ as at 31.5.2020, very low gearing company. One of the safest penny tech stocks indeed with cash n cash equivalents at rm42mil+, another rm60mil+ from right issue. Expecting rapid expansion, growth, etc. Personal opinion

Cash and cash equivalents as at 31.5.2020~RM42mil+ , P/b value~0.36X. The top mgmt seems quite ok, didn’t waste all the cash. Wait for next week, quarterly results as at 31.8.2020, whether profitable quarter, etc. Stay cool , be calm. Also, lockdown period beginning tomorrow for Klang Valleys, demand for penny stocks like Netx might surge especially the young newbies like tech stocks :) personal opinion.

Just wait for the results first, should be released by next week :)

NETX Historical Data - MONTHLY

Time Frame:
11/01/2018 - 10/21/2020

Download Data
Date Price Open High Low Vol. Change %
Oct 20 ? 0.150 0.175 0.130 4.13M -9.57%
Sep 20 0.144 0.015 0.389 0.010 11.65M 858.33%
Aug 20 0.015 0.010 0.025 0.010 4.71B 0.00%
Jul 20 0.015 0.010 0.015 0.005 1.63B 50.00%
Jun 20 0.010 0.010 0.015 0.005 1.15B 0.00%
May 20 0.010 0.010 0.015 0.010 279.91M 0.00%
Apr 20 0.010 0.010 0.015 0.005 800.55M 0.00%
Mar 20 0.010 0.020 0.020 0.005 503.48M -50.00%
Feb 20 0.020 0.015 0.025 0.015 416.80M 0.00%
Jan 20 0.020 0.020 0.025 0.015 328.23M 0.00%
Dec 19 0.020 0.020 0.025 0.015 209.62M 0.00%
Nov 19 0.020 0.020 0.025 0.015 845.78M 0.00%
Oct 19 0.020 0.010 0.025 0.010 1.32B 100.00%
Sep 19 0.010 0.015 0.015 0.005 541.17M -33.33%
Aug 19 0.015 0.015 0.020 0.010 1.01B 0.00%
Jul 19 0.015 0.015 0.020 0.010 1.41B 0.00%
Jun 19 0.015 0.015 0.015 0.010 32.67M 0.00%
May 19 0.015 0.015 0.020 0.010 51.32M 0.00%
Apr 19 0.015 0.020 0.020 0.015 64.93M 0.00%
Mar 19 0.015 0.015 0.020 0.010 101.01M -25.00%
Feb 19 0.020 0.020 0.020 0.015 13.51M 33.33%
Jan 19 0.015 0.020 0.020 0.015 51.34M -25.00%
Dec 18 0.020 0.020 0.025 0.010 60.18M 0.00%
Nov 18 0.020 0.020 0.025 0.015 64.82M 0.00%

NetX Holdings Bhd Company Profile

Industry
Consumer Financial Services
Sector
Financial
Employees

8
Equity Type

ORD

NetX Holdings Berhad is an investment holding company, which is engaged in research and development of software, system design, integration and installation and provision of information technology (IT) services. The Company's segments are Electronic payment services and Non-electronic payment service. The Electronic payment services segment is involved in terminal and other related services. The Non-electronic payment service segment is involved in provision of turnkey solutions on the network infrastructure, security management, research and development of software, system design, integration and installation and provision of IT services. The Company's subsidiaries include Ariantec Sdn. Bhd., which is engaged in the provision of turnkey solutions on the network infrastructure, security management and rental of Electronic Funds Transfer at Point of Sale (EFTPOS) terminals, and Payallz Sdn. Bhd., which is engaged in the provision of Master Merchant and sub-contractors services.

:)


Technical Summary

Type 5 mins 15 mins Hourly Daily Monthly
Moving Averages Sell Sell Strong Sell Strong Sell Buy
Technical Indicators Strong Sell Strong Sell Strong Sell Strong Sell BUY
Summary Strong Sell Strong Sell Strong Sell Strong Sell Buy

Good for netx? :)

KUALA LUMPUR (Oct 20): Trading volume on Bursa Malaysia swelled to a near one-and-a-half month high of just above 11 billion shares.

The 11.04 billion shares recorded for the day was the highest since Sept 2 when 11.6 billion shares changed hands.

What appears to have driven market activity today is the greater investor interest in small- and mid-cap stocks.

The top most actively traded stocks today were Lambo Group Bhd, Luster Industries Bhd and Mah Sing Group Bhd. It is worth noting that Luster and Mah Sing have just announced ventures into the rubber glove manufacturing business.

TA Securities Research said in a note today that rubber glove and healthcare stocks surged on Monday, thanks to the firm demand outlook from resurgent COVID-19 cases globally, which was also helped by the strong return of retail participation in small caps and ACE Market stocks.

“Blue chips should pull back following the overnight US stock market correction amid renewed uncertainty over a new US stimulus package ahead of a deadline and surging COVID-19 infections worldwide, but strong retail interest in small caps in the rubber gloves and healthcare-related sectors should still highlight trading,” said the research house.

Wow, Netx set up and owns foreign companies including in China too.

NetX Holdings Berhad is a technology public listed company on Bursa’s ACE market. Founded in
2000, NetX started off dealing primarily in the supply of network equipment and infrastructure. Fast
forward to today, the company now pioneers the advancement of disruptive technologies through
its subsidiaries in various industries: digital platforms, e-commerce and IT infrastructure among
others.
In line with the company’s strategy and vision in rethinking possibilities, NetX focuses on existing
innovative technologies by making it better with the goal of challenging the markets they operate in.
NetX is based on three key business pillars that are strategically operated through its subsidiaries:
Ariantec Sdn Bhd, a network equipment and infrastructure specialist; Gem Pay Sdn Bhd, a
payment solutions company which was acquired in 2015 as part of its growth strategy and Gem
Live Sdn Bhd, a lifestyle technology company specialized in digital application creations that aim
at disrupting the F&B, entertainment and event scene by offering greater access and value to both
customers and businesses.
NetX firmly believes in its philosophy of finding new and better ways of doing things through
technology. Its businesses are geared toward redefining and challenging established and
conventional practices that bring value to the betterment of whole societies.


Ariantec
Sdn Bhd

First United
Technology
Limited

E-FX
Sdn Bhd

Gem Pay
Sdn Bhd

GEM Live
Sdn Bhd

GEM Excite
Sdn Bhd

NetX Digital
Limited

Fujian First United
Technology Limited

TQ Calvin for your earlier review.

For Calvin he has been bullish on Netx because it still has the Exinda Network Equipment sales for Internet Bandwidth enhancement

The latest quarter result showed it managed to sell Network equipment for Rm3 Millions to Data Center

Further back in year 2011 Ariantec (Sub of Netx) won Rm19.7 Millions Job award from Telekom Malaysia

Will Netx win further Job Award is yet to be seen

Netx is into New Technology of

E KYC

E PAY or CASHLESS PAYMENT

THRU MLAB IN TELE VIDEO CONFERENCING

WITH LAMBO FOR E-FOOD

GEMSPOT FOR E-BOOKING FOR RESTAURANTS

E- DIGITAL CROSS COUNTRY EXCHANGE

PARTNER WITH XOX

SO NETX IS INTO BOTH THE FIBERISATION UPSTREAM & DOWN STREAM APPLICATIONS

SINCE IT IS STILL IN GROWTH STAGE IT NEEDS FUNDING

One thing I like about Netx is its Zealous Leadership & Commitment

As can be Seen By Their Investments thru the years

See

ASIA BIOENERGY TECHNOLOGIES BERHAD 08-Apr-2015 Acquired 6,000,000 0.000 View Detail
ASIABIO CAPITAL SDN. BHD. 08-Apr-2015 Acquired 6,000,000 0.000 View Detail
METRONIC GLOBAL BERHAD 31-Mar-2015 Disposed 4,349,500 0.000 View Detail
ASIA BIOENERGY TECHNOLOGIES BERHAD 31-Mar-2015 Acquired 5,000,000 0.000 View Detail
ASIABIO CAPITAL SDN. BHD. 31-Mar-2015 Acquired 5,000,000

IN YEAR 2015 ASIABIO/FINTEC FIRST EMERGED AS SUBSTANTIAL HOLDERS OF NETX AT 7 SEN ENTRY PRICE

FINTEC IS THE TOP HOLDER OF NETX TODAY



Last year they bought more Netx shares from Open Market priced around 1 sen to 2 sen

:)

FUTURE PROSPECTS
The Group has upgraded the GEM application and relaunching it with a new name – GEM Spot in
December 2019, which is in-line with the company’s new vision of putting a spotlight on all F&B
merchants in Klang Valley through its new comprehensive F&B directory listing that allows users to
search, get essential information, make plans and place their bookings conveniently all at once.
At the same time, GemSpot Lite, the merchant web application created to support the backend of F&B
businesses has launched alongside GemSpot, focusing on the three main pillars of any F&B business
which are sales, operations and marketing. The GemSpot Lite platform is set as a replacement for a
merchant’s business backend and will assist in reservation management, floor planning and even sales
tracking, all within an easy-to-use and dynamic user interface.
In light of the ongoing COVID-19 pandemic which has resulted in a nationwide Movement Control
Order (MCO) enforced by the Malaysian Government since 18th March 2020, GemSpot has pivoted
its business model to now cater to on-demand food delivery with users being able to order food and
beverages in-app as restaurants are currently unable to serve patrons in their outlets and are compelled
to resort to takeaway and delivery options for retail survival.
At this juncture, the Group plans to maintain the on-demand food delivery feature as a permanent
component of the GEM Universe ecosystem. GemSpot will also offer digital marketing support
through its unique Key Opinion Leader (KOL) marketing program which will be built into the existing
GemSpot app platform and is meant to function as a marketing awareness tool for businesses. The first
phase of development for these enhancements have commenced in April 2020 and is expected to be
fully completed by stages in early December 2020.
The Group also recognizes that while e-wallets as a financial payment product have a legitimate place
in our financial system, there is a further need and opportunity to build an ecosystem for both
merchants and e-wallet companies to work together and leverage off each other’s industrial
capabilities. The focus moving forward would be to build up the entire user experience with GEM’s
platform ecosystem that is meant to grow both user base and increase the touchpoints for merchants
who are looking to elevate their businesses. This will ultimately improve the overall internal structure
of financial management and benefit all parties.
Whilst we remain cautious over the outlook of the economy, the Group will continue to explore new
business opportunities to invest. The Group will continue to reinvent and improve the business and
will take affirmative steps to expand the Group’s scope. Despite the uncertain market condition, the
Group is optimistic to deliver a reasonable performance for the financial year ending 30 November
2020.

Tomorrow, another new beginning.

Recent Prices
Date Open Range Close Change Volume
16/10/2020 0.15 0.14 - 0.15 0.14 -0.01 (6.67%) 7,777,700
15/10/2020 0.15 0.145 - 0.155 0.15 0.00 (0.00%) 3,656,000
14/10/2020 0.155 0.15 - 0.165 0.15 -0.01 (6.25%) 14,174,900
13/10/2020 0.155 0.15 - 0.16 0.16 +0.005 (3.23%) 3,426,000
12/10/2020 0.17 0.155 - 0.175 0.155 -0.005 (3.12%) 13,841,200
09/10/2020 0.15 0.145 - 0.165 0.16 +0.015 (10.34%) 14,594,100
08/10/2020 0.15 0.145 - 0.155 0.145 0.00 (0.00%) 4,890,100
07/10/2020 0.15 0.145 - 0.155 0.145 0.00 (0.00%) 3,305,000
06/10/2020 0.14 0.14 - 0.165 0.145 +0.005 (3.57%) 27,156,000
05/10/2020 0.15 0.14 - 0.15 0.14 -0.01 (6.67%) 7,496,700
02/10/2020 0.155 0.14 - 0.155 0.15 -0.01 (6.25%) 6,889,600
01/10/2020 0.15 0.145 - 0.16 0.16 +0.02 (14.29%) 12,271,300
30/09/2020 0.20 0.18 - 0.205 0.185 -0.015 (7.50%) 9,053,300
29/09/2020 0.20 0.195 - 0.205 0.20 0.00 (0.00%) 4,976,500
28/09/2020 0.205 0.20 - 0.21 0.20 -0.01 (4.76%) 8,643,200
25/09/2020 0.225 0.20 - 0.23 0.21 -0.02 (8.70%) 13,584,300
24/09/2020 0.22 0.20 - 0.235 0.23 +0.005 (2.22%) 22,942,100
23/09/2020 0.26 0.215 - 0.30 0.225 -0.025 (10.00%) 24,317,700
22/09/2020 0.01 0.01 - 0.015 0.01 0.00 (0.00%) 265,875,400
21/09/2020 0.015 0.01 - 0.015 0.01 0.00 (0.00%) 83,979,800

Let's see what is next. Tomorrow, it is another stage. subscription for right issues is ceased.

New start for netx. Interesting starting from tomorrow. All the best for those arguing non-stop here :)

Volume had surged suddenly last Friday. Agreed, patient.

Date Range Close Volume
16/10/2020 0.085 - 0.095 0.09 39,468,700
15/10/2020 0.085 - 0.09 0.085 4,782,000
14/10/2020 0.085 - 0.09 0.09 2,296,700
13/10/2020 0.085 - 0.09 0.085 2,989,600
12/10/2020 0.085 - 0.095 0.09 4,955,100
09/10/2020 0.09 - 0.10 0.09 15,261,700
08/10/2020 0.085 - 0.095 0.095 7,539,100
07/10/2020 0.085 - 0.095 0.09 24,316,500
06/10/2020 0.085 - 0.09 0.085 1,833,000
05/10/2020 0.085 - 0.09 0.09 3,832,800
02/10/2020 0.085 - 0.09 0.085 5,743,100
01/10/2020 0.085 - 0.09 0.085 5,327,400
30/09/2020 0.09 - 0.095 0.09 8,988,600
29/09/2020 0.09 - 0.095 0.09 8,075,500
28/09/2020 0.09 - 0.095 0.09 11,184,000
25/09/2020 0.09 - 0.10 0.09 9,302,100
24/09/2020 0.09 - 0.10 0.095 12,215,400
23/09/2020 0.09 - 0.10 0.095 15,707,800
22/09/2020 0.095 - 0.105 0.095 31,078,800
21/09/2020 0.10 - 0.12 0.10 51,103,900

ANZO HOLDINGS: Proposed diversification into copper supply business; turnaround catalyst?


Anzo proposed to undertake:

1) a private placement of up to 231m new ordinary shares in Anzo representing approximately 25% of the enlarged number of issued shares;

2) a diversification into the trading of industrial materials and related business; and

3) a conditional supply agreement between Anzo’s wholly-owned subsidiary Anzo Trading S/B and CSTME Resources S/B to supply copper scrap as per the Institute of Scrap Recycling Industries’ specifications.

Based on an illustrative issue price of MYR0.0932 per placement share, the group will raise up to MYR19.4m for: 1) working capital (MYR14.0m); 2) other administrative and operating expenses (MYR5.0m) and 3) expenses related to the placement exercise (MYR0.4m).

This fund raising exercise is crucial for the group as its cash & bank balances stood at only MYR6.4m as at end-Jun 2020. This compares to the initial cash outlay required for purchase of copper scrap which is estimated at up to MYR20m.

For the proposed diversification, Anzo expects the trading business to help in its turnaround. This unit helped Anzo returned to profitability in 4QFY9/20. The conditional supply agreement requires Anzo to supply up to 60,000MT copper scrap to CSTME at MYR23,000/MT for 40 months (total contract: MYR1.3b).

The new venture could reduce dependency on its existing business of timber and construction, which had dragged the group into the red since FY10, mainly on weak demand for its timber products as well as high operating costs. Meanwhile, its property venture is exposed to the slowdown in the economy.

Would anzo be next soon?

（吉隆坡14日讯）先进资讯（AIM，0122，创业板）宣布，接获安卓控股（ANZO，9342，主板工业股）董事经理拿督蔡文杰有条件自愿收购献议，愿以每股13仙收购前者股权。

该公司今日向交易所报备，拿督蔡文杰尚未持有先进资讯股权；目前，该公司已发行股总数达2亿4196万8166股。

文告补充，这项股权收购献议取决于一项条件，即在献议结束时，蔡文杰须获得先进资讯超过50%的股权。

另外，13仙的献议价，等同于过去5天到1年的交易量加权均价（VWAP）的折价0.61%至44.66%，或折价0.08仙到10.49仙之间。

根据文告，从9月算起的过去1年，先进资讯股票每月在市场上的流动率，介于0.04%到0.71%，平均流动率仅0.15%。

有意维持上市地位

献议完成后，蔡文杰有意维持先进资讯的上市地位。

在8月6日，蔡文杰曾大举买入海外天（OVERSEA，0153，创业板）62.37%股权，触发强制全面收购（MGO），从而献议以每股30仙收购余下股权。

配合这项进展，先进资讯股价从下午3点32分开始暂停，直到明早复市，今日最后作价为17仙，共走高30.77%或4仙，成交量达4000股。

The copper scrap biz shows its potential, just the beginning.

ANZO Quarter Report History

FY No. Rev PBT PAT EPS YoY
QoQ
Sep20 - 20,026 15 34 0.00 104%
100%
Jul20 3 8,368 -2 17 0.00 102%
103%
Jul20 2 4,953 -586 -567 -0.06 42%
27%
Jul20 1 2,215 -798 -778 -0.09 17%
4%
Jul19 4 1,721 -827 -808 -0.09 18%
20%
Jul19 3 1,506 -1,025 -1,006 -0.11 0%
2%
Jul19 2 1,403 -1,002 -982 -0.11 0%
48%
Jul19 1 1,587 -683 -663 -0.08

Private placement to tony and kamal if any?

Quarterly report ended 31.8.2020 will be released this month. :)

Right issue or private placement

few billion RMs paid to shareholders in 2018 & 2019. New shareholders suffer saja

Date Range Close Volume
14/10/2020 0.085 - 0.09 0.09 2,296,700
13/10/2020 0.085 - 0.09 0.085 2,989,600
12/10/2020 0.085 - 0.095 0.09 4,955,100
09/10/2020 0.09 - 0.10 0.09 15,261,700
08/10/2020 0.085 - 0.095 0.095 7,539,100
07/10/2020 0.085 - 0.095 0.09 24,316,500
06/10/2020 0.085 - 0.09 0.085 1,833,000
05/10/2020 0.085 - 0.09 0.09 3,832,800
02/10/2020 0.085 - 0.09 0.085 5,743,100
01/10/2020 0.085 - 0.09 0.085 5,327,400
30/09/2020 0.09 - 0.095 0.09 8,988,600
29/09/2020 0.09 - 0.095 0.09 8,075,500
28/09/2020 0.09 - 0.095 0.09 11,184,000
25/09/2020 0.09 - 0.10 0.09 9,302,100
24/09/2020 0.09 - 0.10 0.095 12,215,400
23/09/2020 0.09 - 0.10 0.095 15,707,800
22/09/2020 0.095 - 0.105 0.095 31,078,800
21/09/2020 0.10 - 0.12 0.10 51,103,900
18/09/2020 0.115 - 0.125 0.115 14,515,700
17/09/2020 0.115 - 0.15 0.12 110,35

:)

Date Range Close Volume
14/10/2020 0.15 - 0.165 0.15 14,174,900
13/10/2020 0.15 - 0.16 0.16 3,426,000
12/10/2020 0.155 - 0.175 0.155 13,841,200
09/10/2020 0.145 - 0.165 0.16 14,594,100
08/10/2020 0.145 - 0.155 0.145 4,890,100
07/10/2020 0.145 - 0.155 0.145 3,305,000
06/10/2020 0.14 - 0.165 0.145 27,156,000
05/10/2020 0.14 - 0.15 0.14 7,496,700
02/10/2020 0.14 - 0.155 0.15 6,889,600
01/10/2020 0.145 - 0.16 0.16 12,271,300
30/09/2020 0.18 - 0.205 0.185 9,053,300
29/09/2020 0.195 - 0.205 0.20 4,976,500
28/09/2020 0.20 - 0.21 0.20 8,643,200
25/09/2020 0.20 - 0.23 0.21 13,584,300
24/09/2020 0.20 - 0.235 0.23 22,942,100
23/09/2020 0.215 - 0.30 0.225 24,317,700
22/09/2020 0.01 - 0.015 0.01 265,875,400
21/09/2020 0.01 - 0.015 0.01 83,979,800
18/09/2020 0.01 - 0.015 0.01 36,513,400
17/09/2020 0.01 - 0.015 0.015

Results lifted by new copper business, is the worst ?

Anzo returned to the black in 4QFY9/20, reporting a PAT of MYR0.03m vs. a LAT of MYR0.8m a year ago. This took 12MFY9/20 LAT to MYR1.3m (12MFY7/19 LAT: MYR3.5m). Note that Anzo changed its financial year end from 31 Jul 2020 to 30 Sep 2020. No dividend was declared for the quarter.

Losses narrowed in 12MFY9/20 results were mainly attributable to higher contribution from its new copper scrap trading business (reported an EBIT of MYR1.1m). Note that its timber and property divisions also recorded narrower losses on lower operating costs.

That said, the recent venture into copper scrap business could pave the way for better performance ahead. Recall that in Jun 2020, the group entered into an agreement to supply up to 60,000MT of copper scrap to CSTME Resources S/B at MYR23,000/MT for 40 months (total contract: MYR1.3b).


At current price, the stock is trading at average P/B of 0.4x+.

KUALA LUMPUR: The Finance Ministry has not provided any financing nor guarantee to any airline, it has clarified, refuting media reports on the matter.

Nikkei Asia had earlier reported that the government had approved a RM1bil loan as a lifeline to AirAsia Group Bhd.

The agency reported that the loan would be made by a group of local banks under a government scheme to help companies deal with the fallout from the Covid-19 pandemic.

The question of funding has been touchy as the government had stated earlier that it would not bail out any airline.

Last Saturday, a group of leasing companies rejected a restructuring plan put forward by Malaysia Airlines (MAS), bringing the state carrier closer to a showdown over its future.

The lessors, claiming to represent 70% of the airplanes and engines leased to MAS, have called the plan “inappropriate and fatally flawed” and pledged to challenge it, according to a Reuters report.

AirAsia X Bhd is also in dire need of massive debt forgiveness from its creditors, or be prepared to shut its business down for good.

The low-cost, medium-haul airline, which has grounded all its flights due to the Covid-19 outbreak, is asking creditors and suppliers to forgo over RM63bil in liability and instead accept a maximum RM200mil in deferred payment.

maybe, the RM42mil++ cash in the recent netx quarterly report was reserved for this project. Hopefully, they make it a reality next month when the right issue is completed. :)

NETX collaboration PUC to invest in micro-financing credit industry
On December 09, 2019




NetX Holdings Bhd and PUC Bhd have signed a Memorandum of Understanding to the manner in which the two companies can collaborate to jointly expand, promote and strengthen their presence in the e-commerce and financial technology (e-payment) industry.

NetX said its wholly-owned subsidiary NetX Digital Ltd has entered into a MoU with PUC's unit PUC Ventures Sdn Bhd.

Through the collaboration the company intends to invest in a micro-financing credit industry that possesses the platform and technology to potentially disrupt current conventional micro-financing credit service providers that will place the company in a pioneer position in the future.

Under the proposed strategic partnership, NetX Digital will invest a revolving amount of up to RM50 million for the initiative while PUC’s companies will process, issue and disburse approved micro-financing through an application to Presto users/subscribers

Good, place it out to friendly parties at 9sen+ or higher :)


Proposed diversification into copper supply

Anzo proposed to undertake:

1) a private placement of up to 231m new ordinary shares in Anzo representing approximately 25% of the enlarged number of issued shares;

2) a diversification into the trading of industrial materials and related business; and

3) a conditional supply agreement between Anzo’s wholly-owned subsidiary Anzo Trading S/B and CSTME Resources S/B to supply copper scrap as per the Institute of Scrap Recycling Industries’ specifications.

Based on an illustrative issue price of MYR0.0932 per placement share, the group will raise up to MYR19.4m for: 1) working capital (MYR14.0m); 2) other administrative and operating expenses (MYR5.0m) and 3) expenses related to the placement exercise (MYR0.4m).

The new venture could reduce dependency on its existing business.