NetX, PUC explore collaboration to invest in ...
13 Nov 2019 — "Through the collaboration, the company intends to invest in a micro-financing credit industry that

$$$$$¥¥¥¥¥

PUC managing director and CEO Cheong Chia Chou concurs. “With Presto Credit’s niche micro-lending offering, we are not in direct competition with the majority of moneylenders. Our financial assistance is solely used to purchase tangible products and services within Presto,” he says.

“This ensures the funds disbursed are only used for legitimate purposes, where all transactions are digitally logged and available for audit when necessary. Such positioning is not easily replicated, due to the existing scale of Presto’s services.

“Presto Credit is targeting consumers who wish to stretch their dollars to purchase home essential items such as home appliances, home office equipment, groceries and related products. We are also extending our offerings to help SMEs that are looking to digitalise their businesses to operate on our digital ecosystem.”

Presto Credit’s micro-lending scheme enables consumers to obtain micro-loan approvals on-the-go for their purchases within the Presto ecosystem. Credit offered will be disbursed into a Presto account and it can only be used within the Presto ecosystem to purchase products and services from multiple categories, including daily necessities such as groceries, food delivery and household essentials.


SMALL and medium enterprises (SMEs) lament that despite their essential role in job creation and contribution to the country’s economy, they continue to lack access to financial assistance, particularly from banks. But that is about to change.

On Nov 13, the Ministry of Housing and Local Government announced the approval of licences for eight new online moneylenders, on top of the 4,572 traditional licensed players already operating. The ministry, which governs the moneylending business, said more online moneylending licences would be issued in the future.

These online moneylenders have set their sights on the SME sector, promising fast and easy loans with limited collateral. The eight companies that were granted licences to provide loans online are GHL Payments Sdn Bhd, BigPay Later Sdn Bhd, Axiata Digital Capital Sdn Bhd, Grabfin Operations (Malaysia) Sdn Bhd, ******Presto Credit Sdn Bhd*******, JCL Credit Leasing Sdn Bhd, Fortune Tree Capital Sdn Bhd and Hoop Fintech Sdn Bhd.

Update on biz alliance with xox?? Otw?

MEMORANDUM OF UNDERSTANDING NETX HOLDINGS BERHAD - MEMORANDUM OF UNDERSTANDING WITH XOX MEDIA SDN. BHD.

NETX HOLDINGS BERHAD

Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description NETX HOLDINGS BERHAD
- MEMORANDUM OF UNDERSTANDING WITH XOX MEDIA SDN. BHD.
The Board of Directors of NETX Holdings Berhad (“NETX” or “the Company” or "the Group") is pleased to announce that GEM Pay Sdn. Bhd. (“GEM Pay”), a subsidiary of the Company, had on 9 October 2020 entered into a Memorandum of Understanding (“MOU”) with XOX Media Sdn. Bhd. (“XOX Media”), a wholly-owned subsidiary of XOX Bhd, for the purpose to discuss, explore and enter into negotiations in respect of a business arrangement to provide and rent to XOX Media of up to 1,000 units of contactless payment terminals and/or cashless e-wallet payment solutions to be incorporated into smart vending machines.



XOX Media is a private limited company incorporated in Malaysia which primarily involved in the business of telecommunication products and services, mobile application services and E-wallet services. XOX Media has now further ventured into the business of smart vending machines.



Pursuant to the MOU, GEM Pay shall provide and rent to XOX Media of up to 1,000 units of contactless payment terminals and/or cashless e-wallet payment solutions in return for a monthly rental. Whereas, XOX Media shall provide GEM Pay with the deployment road-map in respect of the smart vending machines.



The MOU shall commence from 9 October 2020 and shall continue to be in force for a duration of 6 months unless one of the following occurs :



(a) the MOU is earlier terminated by either party by giving 1 month prior written notice of its intention to do so to the other party; or



(b) this MOU is superseded by a definitive agreement executed by and between GEM Pay and XOX Media.



The MOU being incurred in the ordinary course of business, is not subject to the approval of the shareholders.



The MOU will not have any effect on the share capital and substantial shareholders’ shareholdings of NETX. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 November 2020.



Save as disclosed below, none of the directors and/or major shareholders of the Company and/or persons connected with them have any interest, whether direct or indirect, in the MOU:



(a) Common directorships of Mr. Tan Sik Eek in NETX and XOX Bhd and his shareholdings of 1,000,000 ordinary shares (0.02%) in NETX.



The Board of Director of NETX, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.



This announcement is dated 9 October 2020.

Date Close Volume

01/12/2020. 0.15. 1st half 90,000,000++
30/11/2020 0.145 19,999,700
27/11/2020 0.15 56,692,200
26/11/2020 0.145 95,299,300
25/11/2020 0.14 111,934,800
24/11/2020 0.14 99,754,300
23/11/2020 0.145 167,832,400
20/11/2020 0.145 148,813,900
19/11/2020 0.135 58,224,000
18/11/2020 0.14 1,009,635,900
17/11/2020 0.175 144,603,800
16/11/2020 0.18 137,886,800
13/11/2020 0.165 202,532,600
12/11/2020 0.165 70,077,200
11/11/2020 0.17 165,590,700
10/11/2020 0.165 253,575,400
09/11/2020 0.14 77,495,800

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75mil shares++ dah

Masa Ada sesuatu sedang menyerap syer netx nonstop kini

Bagi peluang kepada credit Suisse untuk membeli, usah sapu banyak syer murah Kini kan?

Rasa ramai bukan kejar syer netx kelak ;)

Harap berita baik otw dan sebarkan :)

Bagi laluan kpd 1/2sen pedagang syer berambus terdahulu :)

1/2sen profit margin trader dah berhijrah dah? Lagi hebat nanti ? :)

Jenis 1/2sen punya traders dah berambus, makin menarik Kini kut?

Longer term investors will buy from 1/2sen type traders kut? Wait n see :)

Many traders already keluar with 1/2sen untung tadi kut?

More to come kut? :)

Allocate more to acquire netx shares ? :)

ZURICH: A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the Covid-19 pandemic, the Swiss bank said.

“The fund management company has decided to liquidate the Credit Suisse Real Estate Fund Global, partly because of the trading discount that has arisen on the stock market, ” it said.

The properties held by the real estate fund are to be transferred to the Credit Suisse Real Estate Fund International in the first half of 2021, and the liquidation proceeds will be paid out to the investors, according to the bank.

Trading in the fund units on the SIX Swiss Exchange has been suspended with immediate effect, and the units are being delisted, the statement added. — Reuters

SINGAPORE: Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in the city-state.

The South-East Asian market has had three distinct developments to show for it, all within a span of a month or so. Put together, companies tied to these moves have a market value of more than US$95bil, according to data compiled by Bloomberg.

A change in MSCI Inc’s rules has potentially paved the way for Internet giant Sea Ltd’s entry into the MSCI Singapore Index.

Data centre operator Keppel DC REIT has become the third tech company to be a part of the nation’s benchmark Straits Times Index, joining electronics contract manufacturer Venture Corp and high-tech building owner Mapletree Industrial Trust.

Smartphone solutions provider Nanofilm Technologies International Ltd went public in Singapore’s largest primary listing since 2017 excluding real estate investment trusts.

To add to that, Singapore’s government is rolling out the red carpet for top talent in the technology sector.

Earlier this month, it launched a programme to initially attract 500 individuals with a proven track record of contributing to the global technology ecosystem.

The changes have come as the absence of technology stocks – which have proved to be investor darlings globally in the Covid-19 era – has been a key factor keeping Singapore’s benchmark gauge from recouping the losses suffered during March’s market meltdown.

The Straits Times Index is down more than 11% for the year, even as the regional MSCI Asia Pacific Index is up almost 13%.

Meanwhile, the US-listed shares of Singapore-headquartered Sea have more than quadrupled in 2020.

“Index providers are probably hoping that tech additions will start reflecting the global economy and help cut Singapore’s underperformance, ” Brian Freitas, a New Zealand-based analyst at Smartkarma, said by phone.

“It will improve Singapore’s visibility in global markets among both passive and active investors.”

Earlier this month, index provider MSCI announced that foreign listings will become eligible for addition in its Singapore gauge starting from May 2021. That could mean Sea’s inclusion in the measure, according to some investors and analysts.

Sea could command the biggest weighting in the MSCI Singapore Index, Freitas said.

Passive funds tracking the benchmark will have to buy shares worth about US$2.8bil in the case of the inclusion, he added.

Sea now has a market value of US$90.2bil, compared with about US$49bil for DBS Group Holdings Ltd, Singapore’s biggest stock.

That said, the above developments in Singapore’s technology space are coming when positive vaccine results are starting to stall the sector’s eye-popping equity rally, as investors shift into shares depressed by the economic impact of pandemic and subsequent lockdowns.

Sea’s inclusion in MSCI’s gauge will be “a step in the right direction, ” but not a final solution, said Alan Richardson, a fund manager at Samsung Asset Management in Hong Kong.

“The solution is having a pipeline of similarly sized tech-related stocks listed on the exchange so they can be represented in benchmark indices.”

In a bid to attract new offerings, Singapore’s stock exchange extended its partnership with Nasdaq Inc. earlier this year, making documentation easier for firms seeking a second listing in the city-state.

“We do expect to see more tech listings coming to SGX in the near future, which is a reflection of the newer generation of companies stemming from Singapore and in particular Southeast Asia, ” Emelia Tan, a research analyst at Singapore Exchange Ltd, said in an emailed interview. — Bloomberg

Ada pihak tak suka netx naik sekarang sebab dah jual murah , how?

Ada pihak tak mau netx naik dengan cepat , how?

Ada pihak takut netx melebihi 20sen nanti haha

Berita baik dah bocorkah?

Adakah credit Suisse sedang menambah ekuitinya dalam netx lagi? :)

Ada pihak takut netx melambung secara besar-besaran, how? :)

Pakar2 Graf tak mau bagi komen lagi kah?

Boleh trigger tsunami ke?

Kejutan lagi

Hari natal belum lagi mau memecut pula :)

Uptrend banget pagi pagi ni kan? :)

Just beginning kut?

Kenapakah memecut dengan Tiba tiba, sejarah berulang lagikah?

Siapa cepat siapa dapatkah?

Wang tak Kenal orang haha

Dah mau naik roket ke bulan kut?

Biasanya, ia boleh memecut bila2 masa based on historical data :)

Buka pada 15sen, petanda yang baik

Kenangan sedikit :)

NETX (0200)

CREDIT SUISSE AG, DUBLIN BRANCH 24-Nov-2020 Notice of Interest 29,530,000 0.000 View Detail
CREDIT SUISSE GROUP AG 24-Nov-2020 Notice of Interest 29,530,000 0.000


@Arsenewenger8383 Hehe.. sudah bgtau hari ni last ticket..
26/11/2020 10:24 PM

Tabik, pak Calvin :)

NETX IS AN IDEA WHOSE TIME HAS COME, Calvin Tan
Author: calvintaneng Publish date: Mon, 9 Nov 2020, 12:08 AM
Close
NETX IS AN IDEA WHOSE TIME HAS COME

NETX IS A NEW TECH STOCK

What is new tech?

Example grab taxi

I took a grab taxi not long ago in Singapore

I asked the grab driver who only drove part time in Spore

"How much do you make driving grab taxi a month?"

He replied, "About S$10,000 a month. And that only part time"

Wow! That means

S$10,000 x 3.1 = Rm31,000 a month in ringgit

Not bad at all

NOW LISTEN LISTEN LISTEN!!

Last time old type taxi driver could hardly make ends meet before new tech arrives

Why?

Answer:

1) They must use a Company Car from Registered Taxi Co or buy one and used as Taxi

Very bad as when Taxi is sold as second car it has no value because on Registration card that Number plate got Hw or Hire W

And every one avoid buying a Taxi

A grab car has a private reg number so it maintains its value

2) A normal taxi plies the road looking for passenger so he wastes alot of time searching high and low, searching from street to street; searching everywhere wasting much time

A grab does not go find passenger. Passenger calls for him. So he saves lots of time. And also distance as grab responds to those nearest

3) By not cruising and looking for passengers with empty car he could just stop the car and wait. THIS SAVES LOTS OF PETROL PLUS WEAR & TEAR

SO LOTS OF TIME IS SAVED AS WELL AS MONEY

PLUS VERY PRODUCTIVE AS CERTAIN GRAB CARS CAN PICK UP MORE THAN TWO OR THREE PASSENGERS THROUGH APPS

SEE

INSTEAD OF MAKING S$2,000 FOR NORMAL TAXI GRAB NEW TECH IS MAKING RM10,000 OR 500% MORE!!

THIS IS THE POWER OF NEW TECH

AND NOW YOU KNOW THE POWER OF NETX!!

Xmas gift b4 dec 25? Wait n see :p

What’s next for netx?

Segalanya indah pada waktunya :)

Credit Suisse on board with 6%++ shareholdings

Subject Amount
Rights Issue 6.0000 : 2.0000
Share Consolidation 1.0000 : 25.0000

Netx can expand its biz model to ASEAN countries like grab :)

KUALA LUMPUR (Nov 30): ASEAN member states are speeding up their economic integration by mitigating intra-Asian trade challenges and accelerating seamless trade in goods by roads with the new ASEAN Customs Transit System (ACTS).

The ACTS was developed to streamline cross-border customs processes with the aim of accelerating land transit movements and reducing the time and expense of carrying out regional trade in goods.

The broader objective is to reduce intra-ASEAN trading challenges and enable companies to benefit more from the ASEAN Economic Community (AEC) and the free movement of goods across the ASEAN region.

The 37th ASEAN Summit was held earlier this month and the ACTS live operation, which was implemented on Nov 2, signalled a clear illustration of ASEAN’s commitment.

Royal Malaysian Customs Department senior assistant director Dr Ramlah Mukhtar said pilot tests were taken between January and October 2020 to evaluate how components under the ACTS can be utilised by Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.

"Myanmar will join the system in 2021 and we foresee Brunei, the Philippines and Indonesia joining later and their participation will be included in the enhancement of the ACTS application and system," she said during a virtual press conference of the official launch of ACTS here today.

ASEAN Federation Forwarders Associations (AFFA) executive director Iman Ghandi said ACTS was developed to streamline cross-border Customs processes, aimed at accelerating transit movements, and reducing the time and expense of carrying out regional trade in goods.

"The ASEAN Customs Transit System is simplifying the movement of goods across the region, making it more efficient and cost-effective.

“Under ACTS, the private sector can make a single Customs transit declaration that covers the transport of goods across multiple ASEAN countries, without the need to make repeated Customs declarations or change vehicles at each border. It will also reduce the inventory costs of producers," he added.

The system is managed by a permanent ACTS Central Management Team based in the ASEAN Secretariat in Jakarta, with support from the European Union-funded ARISE Plus programme.

ARISE Plus has provided extensive ACTS training for stakeholders in the public and private sectors including Customs authorities, government transport agencies, freight forwarders, transporters, banks and insurance companies.

It was the fastest expansion since the third quarter of 2009, when the economy grew by 3.0%, and the first expansion in three quarters as the economy bounced back from its first recession since 2003.

SEOUL: South Korea's economy expanded by a seasonally adjusted 2.1% in the July-September period from the previous quarter, revised central bank data showed on Tuesday, notches above the 1.9% growth estimated earlier.

It was the fastest expansion since the third quarter of 2009, when the economy grew by 3.0%, and the first expansion in three quarters as the economy bounced back from its first recession since 2003.

A 16% surge in exports in the third quarter towed the growth, the best reading since 1986 and reversing a 16.1% contraction in the second quarter.

The nation's central bank on Thursday raised its economic projections for this year and next, citing better-than-expected export growth.

Facilities investment expanded 8.1% quarter-on-quarter, while construction investment declined 7.3% and private consumption stood flat.

In year-on-year terms, South Korea's GDP fell a revised 1.1% during the September quarter, compared to with 1.3% decline estimated earlier.

- Reuters

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Tiada komen lanjutan, pegangan syer netx Oleh credit Suisse membuktikan netx bukan syarikat sebarangan.

Semoga bahagia & diberkati!

Sekian!


@vaccineisreal victor, pasal apa malas sangat hari ni?
30/11/2020 11:19 AM

Bila ia mau naik, sekejap je dah sampai 24sen, ingat kan? Sabar je. :) sebelum Xmas boleh berlaku lagi kut? :)


@vaccine is real victor, pasal apa malas sangat hari ni?
30/11/2020 11:19 AM

Tak perlu promosi, netx dah ada credit suisse, ia dijangka Akan naik pada bila-bila masa. Cool saja :)


@vaccineisreal victor, pasal apa malas sangat hari ni?
30/11/2020 11:19 AM

MULTIPLE PROPOSALS INSAS BERHAD ("INSAS" OR "COMPANY") - PROPOSED RIGHTS ISSUE WITH WARRANTS; - PROPOSED AMENDMENTS; AND - PROPOSED ESOS COLLECTIVELY, THE "PROPOSALS"

INSAS BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description INSAS BERHAD ("INSAS" OR "COMPANY")

- PROPOSED RIGHTS ISSUE WITH WARRANTS;
- PROPOSED AMENDMENTS; AND
- PROPOSED ESOS

COLLECTIVELY, THE "PROPOSALS"
Reference is made to the Company’s announcements dated 9 July 2020, 14 September 2020, 29 September 2020 and 12 October 2020 in relation to the Proposals.



On behalf of the Board of Directors of Insas, M&A Securities Sdn Bhd (“M&A Securities”) is pleased to announce that Bursa Malaysia Securities Berhad (“Bursa Securities”) had, vide its letter dated 13 November 2020, resolved to approve the following:



i. Admission to the Official List and the listing and quotation of up to 132,604,152 redeemable preference shares (“Rights RPS”) to be issued pursuant to the Proposed Rights Issue with Warrants;



ii. Admission to the Official List and the listing and quotation of up to 331,510,380 new Warrants to be issued pursuant to the Proposed Rights Issue with Warrants;



iii. Listing and quotation of up to 331,510,380 new ordinary shares in Insas to be issued pursuant to the exercise of the new Warrants; and



iv. Listing and quotation for such number of new ordinary shares in Insas, representing up to 10% of the total number of issued shares in Insas (excluding treasury shares, if any), to be issued pursuant to the exercise of options under the Proposed ESOS.



The approval by Bursa Securities is subject to the following conditions:



i. Insas and M&A Securities must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Main Market LR”) pertaining to the implementation of the Proposed Rights Issue with Warrants and Proposed ESOS;



ii. Insas and M&A Securities to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;



iii. Insas and M&A Securities to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed;



iv. M&A Securities is required to submit a confirmation to Bursa Securities of full compliance of the Proposed ESOS pursuant to Paragraph 6.43(1) of the Main Market LR and stating the effective date of implementation together with a certified true copy of the resolution passed by the shareholders in a general meeting approving the Proposed ESOS;



v. Insas to furnish Bursa Securities on a quarterly basis, a summary of the total number of shares listed pursuant to the exercise of new Warrants and exercise of options under the Proposed ESOS, respectively as at the end of each quarter together with a detailed computation of listing fees payable; and



vi. to incorporate the comments in respect of the draft circular to shareholders.





This announcement is dated 16 November 2020.

Credit suisse will buy more netx shares kut? Focus dynamic punya Buddy? :)

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