+1 respect for Probability, we research, we read, we think, we improve and we move on

It had been a hectic week for this counter. Anyway, everyonr just take some rest over this weekend to prepare for next week. Hopefully can get a clearer picture then. Stay safe!

Colin888, agreed. No listed companies will want to have issue with auditors. And also, no auditors will want to have issue with their clients. With the exception that it will risk their professionalism. Do not understand why many still fail to see that KPMG release these statement because they discovered something is real wrong.

That is what auditor do, the look into every single details that we might neglect. If SD is innocent nothing to worry. Personally, I suspect otherwise. We had in the past engage another big four to do some DueD for us, they will request for black and white in everything. If they still have doubt, they will have second, third and countless session to ensure they got the whole details before release their finding. In this case, I believed KPMG already did the above.

Well said, as long as we invest according to our own risk appetite it is fine. Guys, be responsible in your own investment. Only do what you can handle and eat what you can swallow.

Glove is for short to medium term, it can not be long term as long term in stock trading means 10 even 20 years. You need to wait for a company or industry to grow. Frankly speaking, I bought HLT at very low(late April) and hold it until today. My personal judgement is that the glove dipping business will fly due to higher demand. But personally, I am quite unhappy with this result. In pandemic time, when everything is at their side, they only managed to make so less net. If we map the share price movement to it’s net income, it does not justify the current share price. Again, if look at next 6 months etc, personally I think the outlook is not good either, sooner or later the pandemic will have a vaccine or will dissapear naturally. For me, I am going to reconsider my position in HLT early next week. I might be wrong, but I am following common senses.

So today Green Packet finalise on the Cloud, the next to surface will be on Digital Bank?

Please refer to my previous comment, Green Packet is on the correct track.

Stock: [GPACKET]: GREEN PACKET BHD
Aug 14, 2020 8:21 AM | Report Abuse

Few things we need to note:

1. Not 100% sure but it should be part of the requirement from BNM, a company need to be in heathy (with x net cash) to apply for Digital Bank license

2. Under RMIT requirements, a financial institute need to keep the financial data in: a. Local, 2. Secure location (at least Tier-3 DC or Tier-4 DC)

3. Currently only Alicloud have their DC in Cyberjaya

For GP, the strategic consideration for them to build the DC and the acquisition of eKYC and even partnership with Tencent now might be;:

1. Applying for Digital Bank license
2. Provide Tencent Cloud in a local DC
3. If (1) failed, turn around to be service provider to the winner of the Digital Bank for local DC + eKYC + any related technology from Tencent WeBank

GP is in a good financial position to do all this now.

Also, there might be some hidden forces that is pressing down the price which to me, it’s a good sign. BNM will not in any rightful mind, award the Digital Bank license to a goreng counter. Have anyone see any bank counter is a goreng counter ah? It’s best to let the price go up slowly.

This is just my personal analysis and observation. This is purely common sense and what is logical given what they had been doing over the past two months.

Few things we need to note:

1. Not 100% sure but it should be part of the requirement from BNM, a company need to be in heathy (with x net cash) to apply for Digital Bank license

2. Under RMIT requirements, a financial institute need to keep the financial data in: a. Local, 2. Secure location (at least Tier-3 DC or Tier-4 DC)

3. Currently only Alicloud have their DC in Cyberjaya

For GP, the strategic consideration for them to build the DC and the acquisition of eKYC and even partnership with Tencent now might be;:

1. Applying for Digital Bank license
2. Provide Tencent Cloud in a local DC
3. If (1) failed, turn around to be service provider to the winner of the Digital Bank for local DC + eKYC + any related technology from Tencent WeBank

GP is in a good financial position to do all this now.

Also, there might be some hidden forces that is pressing down the price which to me, it’s a good sign. BNM will not in any rightful mind, award the Digital Bank license to a goreng counter. Have anyone see any bank counter is a goreng counter ah? It’s best to let the price go up slowly.

This is just my personal analysis and observation. This is purely common sense and what is logical given what they had been doing over the past two months.

@soonli, definitely something big is going to happen and annoucement is just around the corner. As my previous post, if it is Tencent, I think the price is going to reach a level we can’t imagine. Also, GP will be a complete different company if it work with Tencent. Personally I do not think CCP dare to mess with Tencent.

As my previous comment, GP is having the correct strategy in the correct time. As for Cloud, China have few cloud player, AliCloud, Tencent Cloud, Baidu Cloud and the last is HuaWei Cloud. In my previous role in China, I had sold solutions to Huawei to enhance their Cloud so the most I can said, to my knowledge, they are still chasing the others. AliCloud is on their own, Huawei had partnet with TM, while GP is partnering with Tencent with more matured Cloud offering. Needless to say, it will be at a upper hand in term of capability and market competitiveness. From my understanding and observation on how Pony Ma did business, I can’t rude out the possibility the buyer is Tencent or at least one of the company under Tencent Camp. If you familiar with China Internet company, you should know there are only two big camp, either you are Ali or Tencent. Tencent invest in all companies under their camp, not a surprise if they invest in GP. This will make GP directly have access to half of the big Intetnet companies in China. I have bought and I am holding, base on my own personal opinion and background. You make your own call anyway.

I am not supporter nor hater. Just think it might be the correct time for GP to do something like this. This is the technology trend happening across the globe and not only Malaysia. Long term, not sure. Short to mid term got potential.

@GoldenShares, thanks. I am basically stating common sense. Still remembered this was taught by my secondary school teacher more than 25yrs ago, follow common sense and you can’t be wrong. Do not be too extreme on either way, stay in the middle path and everything will be fine.

We can always buy at suitable time. I had been in IT for the past 20 yrs of my career working for Fortune 500 IT company in management position, I should have some basic understanding on the technology trend. What GP is doing now is on the correct path at least for the next 2
to 3 years. I am not familiar with the CEO previous record, but on the company, it have potential.

Frankly speaking, I was in China for the past 7 years witnessing the born of the few digital banks, WeBank, HuaRui etc. The direction for Digital Bank is different from traditional bank where they focused on SME more.In the current economic landscape, it make sense for BNM to release the license for Digital Bank. Those who get the
license will be basicially a bank serving SME which is much needed now. If GP gets it, there will be no looking back at the share price. If it doesn’t, with more and more focus on eKYC, not only for Financial Institutes but for other sectors like Telco etc, GP will be in a good position after the acquisition of eKYC technology for offering as a product.

https://fintechnews.my/24166/e-wallets-malaysia/great-eastern-invests-us70m-in-axiata-digital-the-largest-fintech-investment-in-malaysia-yet/

Good news for Axiata, approx. RM 300 mils in pocket

Finally a great day for us!

this counter is quite stable even with last week down, the lowest it go only 0.355. Currently holding at 0.360 and will definitey continue to hold. Anyway, don’t know what to buy either. haha

I am vey unsure on the current price with this stock. Whether should buy or wait. Comfort is the reason I open my CDS account, bought when the price was 1.35, sold when the price reached 2.5+, managed to make 90%+ margin in less than 3 weeks. Very lucrative and encouraging. But it was back in May. The price has been up and down, and can’t find the right time to enter. Any suggestions?