Trade with alert. I noticed that there are contra syndicate that have collected since last 2 days ago today dump and collect. Probably 20 big player not sure how many groups within a team that dump and collect based on the transaction data from my analysis. The first player dump then will standby to collect at the selected price level. The first big player mostly collected the share at the last high price will dump first until the last person who collected lowest price will be the last person dump the share. Once it fall continuously, it will create panic dispose for retailer who want to cut loss or to collect profit. The standby big player will immediately acquire once it hit the new lower price and collect the share from panic retailer. The last big player probably dump at the price of 20 cent and start to collect back.

Since the official news from MQTech about the MOA, probably tomorrow more retail player or ikan bilis will join to goreng. So do other big player too which is not from the syndicate will join the goreng. For now probably you will know the syndicate are which level now before they dump again.

So lets talk about the announcement from MQTech to acquire 70% of the Kibaru Manufacturing Sdn Bhd, the purpose is to get the Covid 19 vaccine distribution rights to ASEAN country from Fosun International Ltd. From beginning, Fosun International Ltd subsidary, Fosun pharma has team up with BioNTech (Nasdaq: BNTX, “BioNTech”) and Pfizer ( NYSE :PFE) which the vaccine is from BioNtech developed in Germany. To know more about the vaccine, read the link below.

https://www.genengnews.com/covid-19-candidates/biontech-pfizer-and-fosun-pharma-bnt162/

https://www.globenewswire.com/news-release/2020/08/05/2073035/0/en/BioNTech-and-Fosun-Pharma-Announce-Start-of-Clinical-Trial-of-mRNA-based-COVID-19-Vaccine-Candidate-in-China.html

Below is the vaccine tracker for Covid 19 status.

https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html


For your info, the US government has awarded, USD 1.9B contract for this Covid 19 vaccine developed by this group. Japan also make a deal with 100m doses. There are also many other European countries including Canada have make the deal with this group too. Once it has passed the clinical trial and FDA approval, I believe many countries try their best to get the vaccine first.


Below is the list of company of Malaysia that related to Covid 19 vaccine goreng stock.


MQTECH - Distribution rights vaccine from Fosun + Covid 19 test kit (FDA approved) as package. Currently Kibaru have business distribute medical equipment around Asean countries.

Solution - Vaccine from CANSINO BIOLOGICS INC ( bulk and fill packing but no facility ready available. Pending to build new facility or factory. Latest announcement need 1 month to prepare proposal to bursa query details of the plan)

Bintai- Provide funding to US-based Nugenerex Immuno-Oncology (Generex) on a preliminary understanding of arrangement for collaboration in the funding, launching and management of a synthetic peptide vaccine for SARS-CoV-2. ( From the tracking vaccine list, unable to found any developed vaccine)

Titijaya- Collaboration and distribution medical equipment with Sinopharma ( Announcement never mention about Covid 19 vaccine.)

Dpharma - same as Pharmaniaga.

Pharmaniaga - Facility ready for fill and finish for covid 19 but no company give the rights ( hoping to get from government. Also use halal as reason to give them contract) I wonder why those non pharmaceutical company able to get contract from vaccine developer while those pharmaceutical company unable to get.

From my opinion, covid 19 vaccine will be develop, fill and finish by their own team up company and will not simply allow other company to do fill and finish at other country. The reason is simple, those who have the vaccine will have the power to control.

From information provided, you can judge yourself are you invested or goreng at correct stock or not. Trade at your own judgement and risk.

@nklye information i provide is only the truth and I remind to those newbie to take precaution not to invest in their hard earning money that can cause them loss. If you bought this share earlier, then i feel pity for you as do not believe the information i provided earlier before the share dump. I have provide warning earlier before the syndicate take action.If you think you information is nonsense then go ahead make your own decision and please do not influence people by providing fake news. Tq very much.

@OracleOfOmaha , Since you have downloaded the audited financial report of Alipay Labs by E&Y, can you share it out for us to see the report? We need to read it to believe it instead of listen blindly to people without proof. If the major shareholder dumps it, it will be too late for you all to sell and probably forever stuck at high rise condo.

I don't know I want to laugh to those greedy and stuck at high price. Seems that ikan bilis has make some people and sifu richer. Those smart to exit early, congratulation, you have make some profit from the goreng this share. I know those syndicate has make huge profit here asking their followers to chase this share.

Below is the memorandum that make for years but no progress.

1)THE MEMORANDUM OF UNDERSTANDING WITH PANTECH INC
2) UPDATE ON THE STATUS OF THE MEMORANDUM OF UNDERSTANDING WITH TOT PUBLIC COMPANY LIMITED
3) UPDATE ON THE STATUS OF THE MEMORANDUM OF UNDERSTANDING WITH MULTIMEDIA RESEARCH LAB SDN. BHD
4) THE MEMORANDUM OF UNDERSTANDING WITH 10T TECH LIMITED
5) THE MEMORANDUM OF UNDERSTANDING WITH LEOPARD MOBILE
6) PARTNERSHIP AGREEMENT WITH WETEK TECHNOLOGY (M) SDN BHD
7) THE MEMORANDUM OF UNDERSTANDING WITH DGB NETWORKS SDN. BHD.
8) COLLABORATION AND CO-OPERATION AGREEMENT WITH ADVANCE TECH COMMUNICATION SDN BHD
9) THE MEMORANDUM OF UNDERSTANDING WITH PT INOVASI TELEMATIKA NUSANTARA AND PENGURUS BESAR NAHDLATUL ULAMA
10) Technology Collaboration Agreement with Payallz Sdn. Bhd.
11) COOPERATION AGREEMENT WITH CHEETAH TECHNOLOGY CORPORATION LIMITED
12) COLLABORATION AGREEMENT WITH FOTOKEM SDN. BHD.


Terminated Agreement

1) Termination of Joint Venture Agreement with Mobligation Co. Ltd


Recent Memorandum

1. HEAD OF AGREEMENT WITH JIANGSU SULIAN ASSET MANAGEMENT CO., LTD
2. STRATEGIC COLLABORATION AGREEMENT WITH ALIPAY LABS (SINGAPORE) PTE. LTD.


Can't you see all of this memorandum were used as news to let people goreng the stock? For the recent memorandum, I don't want to said anymore as I have written a long info about the JiangSu Sulian. What I want to share is about is the recent collaboration with Alipay Labs.

Previously I have mentioned that Alipay will not collaborate with any other company for ewallet as they already tie contract with TouchNGo in Malaysia. Do you think TouchNGo will allow their competitor collaborate with Alipay? Will Alipay prefer Malaysia largest ewallet company or unknown xox ewallet company? Again, this will never happened until they have terminate their agreement.

ALIPAY LABS (SINGAPORE) PTE. LTD. is just one of many Alipay companies in Singapore. Alipay have more than 10 registered companies in Singapore and the only active company is Alipay Singapore E-Commerce Pte Ltd which linked to Alipay ewallet in Singapore.

Also the announcement made is quite misleading. I foresee is not XOX provide the blockchain solution but is ALIPAY LABS that provide the solution. Meaning XOX is the customer to ALIPAY LABS and not ALIPAY LABS as XOX customer's.

I hope that Bursa will query about this and request for further information.

So, those want to goreng then goreng la..don't cry when get burned. Trade with your own risk.

so many fake news and fake hopes here.. if i want to provide fake news, probably coming GE15 need many buses to fetch the pengundi hantu or penyokong in coming one or 2 months. LOL.

Info that i research is the new share Teong Lian Aik is previously a substantial shareholder of Latexx Partner Bhd year 2007 and disposed all his share at Jan 2010. Semperit group only came to take over Latexx Partner Bhd year 2012. He is just a normal shareholder that do not have power to make decision in the company. He also an Executive director for Gunung Capital Bhd year 2008.
Do you think RTO or take over Latexx Partner will happened? I don't think so until official announcement made that this company has intention to do that. I don't think even the Semperit group know him too since he left earlier before the take over.

Trade with your own risk you might never know will stuck in exclusive condo for coming years.

The sifu has disposed all the share price when it was at high price and make profit of RM90k. He also admitted that he have cheated to all his followers to purchase this share so that he can gain profit instead of loss. Also other directors follows the steps to dispose all his share and warrant too via open market. I feel that there are syndicate involved in between them. So, for those greedy, I feel pity on you and you might stuck for years before it will come higher again. For smart one, congratulations you might earn some nasi lemak meal from this share.

f you follow read my previous post as below.

Based on the current announcement, we are knowing that they

1. Have intention to take over Latexx but the term and condition yet to discuss.
2. Have join venture with JV Resources International Ltd to acquire glove company and JV currently exporting 350 metric tonnes of rubber glove to EU market alone for the past few months ago and they getting the supply from the local glove manufacturer.
2. Have intention to acquire 4 glove companies which under negotiation and the other one is Nitrile glove factory company.
3. Have negotiated with the Nitrile glove factory at the advanced stage and few local banks have strong interest to participate the acquisition exercise.
5. Their director, Gerald Nicholas Tan Eng Hoe holding 6.38% or 49M share have intention to deal the securities of the company during close period. ( Probably dispose or acquire).
6. MQTech announce that they need longer time frame for their potential seller to let go their business unit or maybe extend time further needed.
7. Gerald Nicholas Tan Eng Hoe disposed 30M shares. Balance 19M shares and changed is from Executive director to Non Independent Director.

Updated announcement

8. Gerald Nicholas Tan Eng Hoe disposed all 19M shares and no longer a substantial holder and no longer non Independent Director.


From this announcement, I can predict that new substantial holder and also holding the largest company share follows by MISS JACQUELINE LEE FEI FEI as second largest share holder based on my research. As we see on Friday transaction, buying power is more than selling and i believe seller was local retailer who want to cut loss or collect profit and buyer i believe is the new substantial share holder collecting it at low price. I just wonder why MQTech still not announce who is the new substantial share holder until today. Is it because to prevent goreng higher so that some one can collect at low price? I don't know but the confirm is the current largest share holder, Gerald Nicholas Tan Eng Hoe has disposed all is share to other person via off market transaction.

Also from my research on Semperit group, they still proceed their plan to separate the Sempermed from the group but delayed the time due to increase of the revenue and profit from Sempermed which helps to cover the loss of other business units. However, i research on the covid 19 cased in Austria, the peak is at end of March and drastically drop mid of April and maintain flat average 300 cases daily until today. So do other Europe countries, the numbers has fall and no spike increase in daily cases. So for coming QR financial, probably the demand will fall and they might separate it from the group if the profit and revenue drop.

Average Sempermed annual revenue around 300 million Euro with EBITA 88 million Euro (average based on previous years) contributed from Kamunting, Malaysia and Wimpassing, Austria factory. As I know Malaysia produce the largest quantity of the rubber glove, assumption if we divide it equally, each will produce 150 million Euro with EBITA 44 million Euro. Current exchange 1Euro = RM5, Each company will capture revenue of RM750m and EBITA of RM220m. If MQTech has secure the deal, could you imagine how much the share price will up? Even comparing with Careplus and other smaller player of glove company, they can't match them.

So, this only info that I can share for today, any decision make is at your own risk.

If you follow read my previous post as below.

Based on the current announcement, we are knowing that they

1. Have intention to take over Latexx but the term and condition yet to discuss.
2. Have join venture with JV Resources International Ltd to acquire glove company and JV currently exporting 350 metric tonnes of rubber glove to EU market alone for the past few months ago and they getting the supply from the local glove manufacturer.
2. Have intention to acquire 4 glove companies which under negotiation and the other one is Nitrile glove factory company.
3. Have negotiated with the Nitrile glove factory at the advanced stage and few local banks have strong interest to participate the acquisition exercise.
5. Their director, Gerald Nicholas Tan Eng Hoe holding 6.38% or 49M share have intention to deal the securities of the company during close period. ( Probably dispose or acquire).


New updates as below.

6. MQTech announce that they need longer time frame for their potential seller to let go their business unit or maybe extend time further needed.
7. Gerald Nicholas Tan Eng Hoe disposed 30M shares. Balance 19M shares and changed is from Executive director to Non Independent Director.


From this news, I predict that new investor coming to join the group and new Executive director will be appointed soon and join the BOD. I think is JD Resources founder, Dato’ Seri Damien Chua Wei Kee (or maybe not him). I wonder why MQTech took very long time to announce it.


From my research on Semperit Group, they still proceed their plan to separate SemperMed from their group as foresee this is a short term growth due to the Covid 19 pandemic. For all previous years, SemperMed contributed high revenue but lost in profit. For SemperMed Q1 results, it has increased 6M compared YoY Q1 and EBITA (Earning Before Interest, Taxes, Depreciation and Amortization) is 4.8M Euro. For Q2, EBITa jump to 18.2M Euro. The profit high probably due to book order increased and product price increased. Also contributed by the raw material Butadiene (petroleum product) price drop almost near 0 and going back up to at price near 50 Euro/barrel at begining Q3. In this case, I foresee the EBITA might fall for Q3 result in 3 months time if the raw material price increase higher. If the Q3 EBITA result fall in huge significant, I think they will separate it from the group.

https://www.semperitgroup.com/investor-relations/Investor_Presentation_Q1_2020_FINAL.pdf

https://www.semperitgroup.com/investor-relations/Investor_Presentation_Q2_2020_4.pdf


SemperMed have company in Malaysia as below

Latexx Partners Bhd , Kamunting,Perak.
Latexx Manpower Services Sdn Bhd
Latexx Manufacturing Sdn Bhd
Medtex Manufacturing Sdn Bhd
Total Glove Manufacturing Sdn Bhd
Semperit Engineering Technology Asia Sdn Bhd , Penang
FormTech Engineering (M) Sdn Bhd, Nilai


I am not sure MQTech plan to acquiring this company or maybe others, I just provide information for you all to analyse. Also, I don't want to speculate this counter without any official announcement from MQTech. Invest at your own risk.

The recent price spike because a sifu throw his anger to his wife and acquire this share with all his margin about 3 million purposely to make his wife anger and annoyed her due to reason she control his finance. He published live fb event at around 4.35 pm acquire the share live in fb and wanted to make loss and let other make money to make his wife angry. Anyway, he has deleted the video and now publishing info about good reason to buy this share and encourage his followers to buy it.

From my analysis, he managed to capture huge amount share at the price level 53 cent to 55 cent while other price is recorded small amount share. If there is huge queue at level 60 to 63 cent, he easily to make 10% profit of the amount he invested if he disposed it and those greedy probably will stuck there if the price going down.

Anyway, you all should read and understand this company business and their financial instead of follow people advice. This company producing building and construction material. For the time being, if no new project meaning no demand for the building material and relatively the price will come down, revenue and profit will lost too. Because of this Covid 19, many new project launching has postponed also some new project might not in good sales. Usually, developer will order or lock down the material price before the project sales and construction begin to avoid making loss if the building material price increase. Read their quarterly report then you will know.

So invest wisely. you might get stuck high price if he dispose the share all at once, it will can go down till 40 cent or below. If anybody in profit maybe can collect some profit first. Construction related counter may come back probably after covid 19 pandemic. If you look for long term investment, maybe can acquire and hold for few years if the share price is low and for short term, better think twice. There are many other counters can be invest better than a speculation counter.

Anyway, I am here just provide legit information and any analysis and decision is your own. I do not ask or advice you to trade. Invest your own money at your own risk.To sifu, i do not have intention to against or attack you or make you to look bad or loss or wanted to be red people, I am here to provide legit information only and decision making is their own. Hope you don't mislead your followers too..

@kakeshi666 aka Tan Soon Hin, First of all, I have no intention to be red people or to be your enemy or anybody enemy. I am very respect you as sifu trader. I am very angry to see people give fake news or fake hope for sake their own benefits. One of your victim is @tuapuikia got stuck because of your advice gogogo while I have red flag about the problem of this company earlier. I think you should know better than me because you are easily get more insider news due to your wide contact and network. I just provide him information to be more careful to invest his money and need to do research and not simply follow people decide his investment.

You know you are like god, your words can change people life to better life or death. If someone borrow money from ah long and all in the stock based on your gogogo, and the price go opposite ways, the only way he will go is go up building and jump. You got more than 100k followers that really can influence market share up and down.

Anyway, if you feel offended, I am sincerely apology for what I am saying about you and your friend too. I also don't want to see anything happen to you where your haters keep give you negative comment. I will delete my post and hopefully you will get good night sleep since you keep mention about this forum.

I found out that got sifu ask his followers to dispose MQTech to enter timber related counter. So I am expecting this counter might drop due to panic. I don't want to speculate anything as since there is no further news from MQTech about their progress. For those have the confident, you can buy or hold while those who don't confident, can dispose to cut loss or gain profit. Follow people is just let other people to decide your investment fate instead of yourself.

Anyway, those who don't have information about JD Resources or might have doubt about it, you may refer to the information i share below.

https://www.thestar.com.my/metro/metro-news/2019/03/23/hungary-consular-office-reopens


https://ezmalaysia.news/2019/11/06/the-zing-of-life/


https://www.agvgroup.com/profile/dato-chua/


The founder, Dato’ Seri Damien Chua Wei Kee currently appointed as honorary consul of Hungary in Penang consular embassy.

Invest in your own risk. Don't you think all of sudden after China took over Hong Kong law and the number of new share holder or director from Hong kong in Malaysia Public listed company increased? Most of the rich person start to move their money out from Hong Kong but those legit money mostly will transfer to USA, UK, Australia,Singapore, etc while those money launder will divert their money to Malaysia?

Don't be surprised if all of sudden BNM red flag this company and SC immediately suspended this counter for investigation. It will become next like 1MDB case and don't cry if your holding share become hell money.

Some happy when see HK director acquire more share, this is how they money laundering. Black money become white and they don't mind to lost 50% of it than 100% to China gov. Once become director, they can apply MM2H programme and can took Malaysia PR to stay here. If he is wanted by China, for sure he will run away.

Before invest, investigate the history of the company and the director background.

AT acquire glove factory that making loss money. Only medical glove may help the group to gain back profit. But currently that glove factory is not facility ready and no enough land to place related equipment use for manufacturing nitrile medical glove. Same to Inix..

All market down. Those buy low price panic sell to gain profit while those contra also sell to cut loss. Only those paper loss will hold it hoping the price will rebound. Any good announcement also nobody dare to buy but waiting to enter at low price. Big player waiting to collect at low price too.

Pity to those newbie or gambler who bought the share price at high price. Until there is no official take over announcement of Pearl Glove, the expansion to venture into medical nitrile glove is just a dream and will never be happen. Letter award is just to mention that they have selected a supplier that build machine for AT instead of they build by themselves as I stated before, AT don't have the capability to do that for now. Ripcol Engineering Sdn. Bhd only will start to build the machine after received purchase order, not receive letter award they received as order start to build machine. It is just like government appoint your company as their contractor but the project might not award to you or probably no project at all.

Also in the proposal, the expansion is mean for Pearl glove factory premise and as I said before, those current factory is not suitable or ready to support medical glove nitrile production line. They also don't have additional land to build another building for the production line. The factory also don't have any equipment ready like boiler , water tank, ammonia tank which is one of the main equipment for manufacturing nitrile glove and the size of it is very big usually build outside the factory but no additional land can build those equipment. Those who stay at area or can google map to see how the Pearl gloves building looks like and compare with other factory like top glove, supermax, hartalega or kossan or any rubber glove factory that you know.

What I foresee is they might take over the Pearl glove but the expansion business to medical glove will fail or maybe both will fail too. The fund rising via warrant issue for medical glove will be use for their business operation expenses or pay debt. Who dump hundreds of million AT shares which intentionally push down the AT shares? 1B AT shares change hand today and wonder who is that person who hold that much of AT shares? It is for all of you to think.

Oh ya, they just simply hired a company to do those proposal and AT just submit to bursa accordingly. it is just similar like Anzo case. It is funny to hear that AT received multiple order or prospect for medical glove but eventually they don't sell or hold any stock of it. If you as customer, will you place order from AT that you can't see any inventory of rubber glove or not own any manufacturing rubber glove company? You may judge yourself. Trade with your own risk.

I am not spreading any fake news, but based on my analysis, logic and realistic based on their proposal, and physical assets. If you want to know what equipment that use for manufacturing nitrile rubber glove, you may get it from Anzo announcement which attached the list of the company assets they want to acquire, Wintrade World Sdn bhd, the company that produce medical nitrile glove that went out of business previously.

Congratulation to those who still hold the share since below 10 cent. You have made your self a big fortune. If you still hold 1M share, you are almost become millionaire. For those want to enter, buy at your own risk. This company remind me to Zhang Jian aka orang bakal terkaya di dunia scammer.

https://www.straitstimes.com/asia/se-asia/26-year-old-millionaire-from-china-promoting-get-rich-quick-scheme-in-malaysia

https://www.asiaone.com/asia/who-zhang-jian-8-things-know-about-self-proclaimed-future-richest-man-world

Anyway this company has turn into Macau Scam company. The modus operandi almost similar as Zhang Jian.

They also immediate kick out Mohd Anuar Bin Mohd Hanadzlah as group director and he sued back INIX. Read their announcement for further details. All happened just last months before the Macau Mafia join in the group.

Sorry to say, I can't found any empty factory or not occupied at Kawasan Perindustrian Sendaya. Empty land is available a lot. Some is under construction but it is reputable MNC company that is under construction. The photo you saw at BH news portal probably was took at one of the Lgylan warehouse, Those who stay at Negeri sembilan can go to do the survey,

https://www.bharian.com.my/bisnes/korporat/2020/08/720195/inix-lyglan-labur-rm35-juta-keluarkan-sarung-tangan-getah

http://pvcroofmalaysia.com/

If they use one of the factory building from Lyglan as seen at their webpage, those building is not suitable for manufacturing rubber glove. They need water tank storage, boiler, ammonia tank, oven, etc and they also need many kind of license including safety to handle ammonia as this is the toxic hazard element and will kill human if leak.

Also there is no proposal to venture into the medical business until bursa query.

"The Parties agree to further negotiate in good faith on the terms and conditions to be reflected in the SSA, SA, and MA. Parties will proceed to sign the Share Sale Agreement (“SSA”), Shareholder Agreement (“SA”) and Management Agreement (“MA”) upon finalisation of all the terms and conditions within 120 days from the date of Intent."

From the above quote from Inix announcement, anything can be change in 3 months time. It is so similar to Anzo case.

If they start build new factory from empty land, it will took probably 3 to 4 years from architect design, land surveyor, government approve to build, license to manufacture, etc and not as stated within a few months to start operations. Even order machine would take 3 to 4 months upon delivery for 1 line. When the factory ready, market is already flooded with latex glove and they can't even beat with top player price and cost price too.

Anyway, trade with your own risk. I have to intention to buy Inix share but just a reminder for those gambler or newbie that do not do any research.

After the Macau Mafia become the chairman of the group, it makes me feel that this company has became the quick rich scheme company or money laundering company. This is first time I see such advertisement after acquired a public listed company. Maybe this is a norm for Macau or Hongkong but not in Malaysia.

I wonder when are they going to take over Top Glove, Hartalega, Kossan and Supermax these people claim INIX has successfully acquired or take over Malaysia largest glove company. Many might see Inix could be valued at RM100 combination of this 4 glove company.(LOL)

Trade carefully and you might cry if the director dump their share all of the sudden.

This video just uploaded by INIX and their account is also just created.

https://youtu.be/ik0mb_XftcE

https://youtu.be/m0ZZYr_d_Og

https://youtu.be/l6eEGMMwjDY

https://youtu.be/UZYWYNBEWFA

https://youtu.be/Xi4kRlYxUJA

It is better for the share to up slowly range 5 cent to 10 cent instead fast limit up will also fast come down because there is no official announcement update from MQTech on the status progress. Usually fast limit up caused by contra player and ikan bilis gambler. Just look at example to Carepls, Notion and HTL, Many get burn if they don't have holding power.

For now, it is in healthy up trend but trade at your own risk and monitor the price movement closely. You will get surprise if you check your share after few days either in profit or loss or you will get heart attack.

@Kachan, ATS subsidary, ATP is the company that making fabrication parts for machine and spare parts for wear and tear machine parts and tooling. ATE is making customised machine and mostly fabrication parts are supply by ATP. ATP generated more revenue and profits than the other subsidiary ATE.

The solar panel is normal, they just install to their own factory roof. Many factory and company have invested it too such as Bosch, Vitrox, Tesco, etc. This is not a huge revenue contribution to the group revenue.

@Vickvick, The Top Glove share up high because people simply gamble buy to that share and make it more demand than supply. Since you have read my posting, you know that I am talking about why should not buy due to the US Custom banned top glove product into US soil due to forced labour acquisition? US contributed 25% of the revenue to the group company and this amount is a very big for only 1 country.

Oh well, wait and see coming Q4 financial quarterly reports. If the revenue and profit maintained the same or lower, the share price will drop drastically for sure.

If you want to invest this XOX, then go ahead but do not encourage people to buy except xox have new business that will contribute to increase their revenue and profit.

I am not creating any scary movie here. I am here to alert those newbie that have no idea and simply gamble to invest. Who is Daniel Tam? Linked with Li Ka Shing? I can't found anywhere news both of them are related except in Malaysia news with question mark on it. Is he just simply claimed linked himself with Li Ka Shing to boost up the share price?

All the announcement made are not made in proper sentence and misleading. You can gamble with this stock but don't cry if you get burned. For now, I can't see anything business that will bring this company into a profitable company.

Just do research yourself. Invest at your own risk. Don't follow those people who are creating fake news.

I have found that Ant Financial currently joined venture with TouchnGo

https://www.touchngo.com.my/CorporateNewsDetails/Corporate/About-Us/Board-of-Directors/Financial-Services-CIMB-Unit-Ant-Financial-in-E-Wallet-Joint-Venture/

Checked that Ant Financial currently join venture only with 1 company each country they venture probably due to contract agreement that they will not join with other company until the contract terminated.

https://en.wikipedia.org/wiki/Ant_Financial

Therefore, this person create fake news to push up the price since he also had acquired mullions of XOX shares. I think the person will knows that I refer this person to him since he also active reader of this forum and a sifu too..

Stop spreading fake news and understand what is their business and products they deal with. AT is acquiring a glove company that has no related to medical field use. The Pearl Glove currently producing safety glove for gardening, tooling and etc. AT plan to invest in medical glove after acquiring Pearl Glove and they will start from zero experience to produce medical glove. This will tool likely 4 to 5 years to success.

AT is an automation company which has no standard products. Mostly doing customized machine and follow customer requirement. Because of this, the company doing loss due to product under quote project or over budget since the product is first time build which other automation company do not take risk to do customized machine and those have own standard products will make profit because they already have the estimation of the cost and budget. Customized product mostly will faced many problem due to trial error.

I have doubt AT will build their own latex glove machine except conveyor system. Mostly they will purchased from reputable glove machine supplier.

For now, AT share price will not going anywhere further up and down.

Got one person spread rumors that XOX will signed an agreement with a company related to Jack Ma which is named Ant Financial to join venture with their ewallet. As I know Alipay is under Jack Ma company which is also under Ant Financial group too. Malaysia already have 47 non bank licensed ewallet company which are includes Ali Pay and XOX ewallet.

Currently top player ewallet in malaysia are Touchngo, GrabPay and Boost. Also, Ali Pay, Wechat Pay and Aeon ewallet.

I hope that nobody trust the news until it is verified as I am abit doubt where they already have their own ewallet and do they still need to join venture with other company instead of expend their own ewallet and XOX ewallet is not even well known compared to Ali Pay.

Who is that guy to do announcement on behalf of INIX that the Macau ex Gangster tycoon and together other HK and Malaysian will acquire Malaysia largest rubber glove company? Not even official announcement made in Bursa. Because of this, the share price is pushed to upper limit?
I hope Bursa will come out query about this matter.

Banglaman and Menort is actually providing the situation that might happen in negative way round based on the current conditions. It is good to have them because what they said is true. Many giving fake news and fake hope that probably might lead newbie to gamble this stock by push the stock price up since they already buy at low price or high price.

Based on the current announcement, we are knowing that they

1. Have intention to take over Latexx but the term and condition yet to discuss.
2. Have join venture with JV Resources International Ltd to acquire glove company and JV currently exporting 350 metric tonnes of rubber glove to EU market alone for the past few months ago and they getting the supply from the local glove manufacturer.
2. Have intention to acquire 4 glove companies which under negotiation and the other one is Nitrile glove factory company.
3. Have negotiated with the Nitrile glove factory at the advanced stage and few local banks have strong interest to participate the acquisition exercise.
5. Their director, Gerald Nicholas Tan Eng Hoe holding 6.38% or 49M share have intention to deal the securities of the company during close period. ( Probably dispose or acquire).

Based of their announcement, you all can predict by yourself and invest your money at your own risk. Yet, we are still lack of information to predict if the negotiation is success or not. But I believe, there are share changing hand in between this director since still not announce how much did he acquired or disposed the share since 5 Aug.

If he is disagree to dispose his share price to someone who want to acquire with lower price, probably he will dispose via open market and the other person have acquire via open market too.
Probably the director has set his lower limit price to dispose it and his remiser job to do it according to his request. Just think if you invest in share, do you want to buy share at high price or sell at lower price? Anyway, this is just my assumption.

Also, I saw Sunny Coco have bought a few millions of MQTech share when he show off his portfolio at his FB Live. I forgot Friday or a day before his live and he have no idea what stock to buy and just follow his broker suggestion. You can check back and hopefully he did not delete it.

@BanglaMan, Apology for misunderstood you. You are right.
@Aurora13, I am not sure.

If today AT price up because of the fake news by the NST, tomorrow probably the price will U-turn back. I just wonder reputable news portal still create fake news to push up AT, Kossan and Green Ocean share price. Can NST be sued for this fake news? Got Trading Sifu at FB mentioned he buy millions of AT share at price of at 0.11 and he mentioned the price will up. Anyway, up to you all to judge. Trade smart.

@Banglaman, again, please go read all the previous announcement and don't be lazy simply shoot without knowing what is going on. This kind of announcement is not the first time been made.

From the announcement made by MQTech today, there are possibilities that Gerald Nicholas Tan Eng Hoe might disposed his share probably this few days but we don't know how much the quantity that he will dispose it via open market. I do not want to speculate anything here but let me tell you how Gerald Nicholas Tan Eng Hoe was appointed as director.

Referring to MQTech announcement dated on 21 June 2017, MR GOH BOON SOO @GOH YANG ENG has disposed 40M share via open market and on the next day 22 June 2017, Mr. Gerald Nicholas Tan Eng Hoe has acquired 40M share via open market. Again on 28 June 2017, he acquire another 10M share via open market with total 50M share in his hand. On 4 July 2017, he is appointed as director. This is the chronology how Mr. Gerald became director of this company.

If this situation happening again, I believe new director going to join the group soon.

Again, treat this as fake news until MQTech officially make the announcement.

@ stockiss, I think you should not be lazy to do research and just reading. Understand what Nitrile is and what application it can apply to. Understand what are Pearl Glove products they product for instead of pointing " this company producing Nitrile glove". Their product is not for medical use and you need to understand that what are the requirements to product a medical products. Their current facilities and plant are totally not suitable to produce medical gloves and they need to build a new plant, building, equipment, clean room class 100, etc. I don't blame you for not knowing since you are might not from manufacturing background but at least do some research for your own ( watch youtube). Please confirm your facts and figures, trusted news portal before posting, it will lead people to judge what kind of person you are based on your reply comment history.

It is up to you said that I am faking the story said I know the founder and co founder of AT because anyone can say it too. Anyhow, I will protect my name as someone provided reliable and trusted information to you all. AT founder has no choice to let go of the group due to the group losses and since there are investor willing to take over and to protect their employees continue to have their jobs. AT founder and Penta founder both same started with their humble beginning and business growing big until 2008 economy crisis that pull them down. Penta even worst have to disposed their business and assets until they came back for good until today. Penta was known the largest automation company in Penang during that period until Perlis gov offer land for them to build factory there but ended the plan cancelled during the economy crisis. It is quite sad to see AT founder start all over again at his retirement age. Only those with same boat will know this story.

Please do not judge all founder are cashed out after their company listed. For me only China company listed in Bursa is the one who did this. Malaysian listed company founder work very hard to get their company into position until have no choice to make final decision.

Based on your history comment I read, I believe you have bought AT share at the high price 0.165 and still keep it as paper loss hoping that someone will take your position by providing non reliable news. Coincidentally you appeared after the AT share in down trend. Anyhow, this is my last comment about you. I feel myself is nonsense to make comment on you. For me, AT acquire Pearl Glove is to diversify their business and investment and not to venture in medical glove business for now. Pearl Glove is a loss making company too if you read their finance account.

MQTech are manufacturing toolings, die cast, jig, etc and not hardisk. Please read their annual understanding their business. Until there is no official announcement from MQTech, we still don't know if the acquisition is success or not. But based to the final announcement, it hint that higher chances of success. So it is up to you all to take risk but must fast enough to exit or acquire the share when the actual news come up.

Today market trend is quite abnormal when the share suddenly spike up very fast, eventually it will come down very fast too. I prefer the morning session trading slow and steady. In stock trading, do not take somebody be your captain as stock captain will abandon ship first before the crew. Usually all the crew will die first. Do not angry to @Neymar as this is what we called smart investor knowing when to exit the game. If there is positive news from MQTech, I believe he might buy again the share even the price is higher than what he sell.

Could it be Anzo investor dump the the share and jack up the MQTech share? I don't know. Just treat this as fake news. Lets see how tomorrow will be.I think many contra has disposed the share during the closing period so many selling than buying.

MQTech is not acquire Semperit but their subsidiary Lataxx as stated in their announcement . JD Resources is the legit company and their main business is trading metal bars such as Zinc, Aluminium, Lead etc.It is similar like those company trade gold bars which sell to jewelry factory or those company use huge volume of raw material. It is normal that they will not expose where they keep their metal bar to avoid theft.

Those overseas company probably the sales office and maybe no staff working there. Probably requirement to register a company to do business at those country.. Maybe they also do not keep stock as the price can go up and down, and they just direct order from the miner company if they got order from their customer and direct ship to their factory.

But in their website, I cant found any information about trading rubber glove. Maybe JD Resources subsidiary company that do this business but no information found.

Next week probably will fall to 4 cent due to the bad quarterly results. Expecting will fall lower than 4 cent since many international flight still not in operation and next quarter results even worst than last quarter.

I have tried many times to paste the link and modify it but still unable to post. The link is the announcement made at ASX market.
You can refer to Bursa Malaysia for the announcement too..

AT is really acquiring glove company ( Pearl Glove) but that company is not making any medical gloves, they are manufacturing gloves for gardening, engineering works and safety gloves. But acquiring this company and convert to nitrate medical glove is not an easy task and need to modify the entire plant and change to clean room as currently Peal Glove product does not require any clean room and probably wrong move to acquire this company. They also don't license and technology to produce the medical glove and probably trial and error to do it. For long term investor, I will stay out but short term, probably follow the wind or trend people goreng.

I know this company very well before 2012. I know the founder too, but they already disposed all their share to open market and the Chinese Canadian citizen took over it. Anyhow, the move to acquire Pearl Glove company that has no experience of making medical gloves is a wrong move. When the time they are ready, probably the pandemic is over or probably the medical gloves will not kick off or failed.

Comparing to MQTech, this MQTech has JV with JD Resources and they are acquiring production ready nitrate medical gloves. Just that we need a confirm final news from MQTech that decides the share price up or down. I don't hope for the Semperit company, just probably a normal company like Windtrade World Sdn, Bhd. If the acquisition confirmed, it will further push up the share price. Semperit is just a double bonus if they managed to acquire it.

MQTech and AT are both from automation company, factory located just around the corner and their founder know each other but now, both of the founder no longer control the company. That is the funny thing.

For me, for those who have confident with this counter, then you can keep it while for those who don't have confident on it, better dispose it to cut loss. Last Thursday price up probably due to bankers who short selling are matching the price to collect profits due to the holiday season and uncertainty market on next week.

Maybe some may scold me stupid saying that Bursa has suspended the short selling. Yes, Bursa has suspended the short selling but only to those ikan bilis like us and Proprietary Day Traders but excluded to those licensed bankers and market traders. Based on the volume movement, it is impossible normal person or ikan bilis, even those have millions ringgit portfolio claimed sifu also can't do that too. It happened less than 1 hour before market closed.

I saw some has commented and scold on my writing very long and nonsense, for me it is ok. Based on what I read back to all their posting, you are just a nothing person that write nonsense reply and probably someone desperately stuck when buy at high price and have no trading knowledge and just make speculation based on their own and fake news.

Anyhow, I have no intention to buy XOX share also as I have learned my lesson when I first time buy XOX based on trusted the comment made by those nonsense people previously many years back. I stuck at paper loss for years before the price come back and sell same as purchase price. Only real loss at brokerage fees. So, I just hope that other person will not walk same path like me. We invest our hard earn money to increase our nett worth, not to decrease it.

Invest in smart way, do own research, don't be lazy reading and analyzing but just hoping to get free tips from others. Even those give real tips will charge thousands of ringgit to join their membership and it is annually renewed. Those self claimed sifu also will release some tips to tease you hoping you can join their premier membership which cost more than RM10k based on what level. The higher level membership, the more expensive it is, the more tips they will share. That is the real money making by self claimed sifu than invest in stock market which the return is 100% and no loss.

I hope that next week Mqtech will release a good or bad news. Anzo did released announcement that they have cancelled their plan to acquire the nitrate glove company assets, Wintrade World Sdn Bhd. I just wonder why they don't acquire the company but only their assets? I can't think of other reasons but only that they don't want to absorb the company debts and losses. Since the announcement made not details by simply mention unsatisfactory due diligence findings, I don't want to speculate anything without solid data or real news.

In my opinion, is it possible MQTech has interfere this acquisition Wintrade World Sdn Bhd? Since MQTech mention of acquire a company instead of acquire the assets? If you are owner of Windtrade World, will you sell only your assets or the whole company including the debts? Except if you decided to close the business to dispose the assets, then that is the different story. If I am the owner, probably I will let others to acquire the company and still maintain as CEO or MD of the company.

MQTech makes the right move to join venture with JD Resources since currently they have export 350 metric tonnes of rubber gloves to EU alone by sourcing it from local manufacturer, and by acquiring the rubber glove company, JD Resources might able to lower down the cost or maintain cost, gain profit higher.

MQTech and Anzo both of them are not rubber glove company background. But, I foresee MQTech has more advantages than to Anzo.

Anyway, I hope that everybody can treat this as fake news and ignore,since it is no announcement made from MQTech. It is just my opinion based of the possibility, logically and gut feeling. Anzo too quickly release the announcement that project still under discussion probably might know that they will cancel the acquisition at early stage and simply to announce to make the share price up high. You all can refer back to their announcement and write down the chronology until they get queried by Bursa.

Quite sad to see many spread fake news in order for others to cushion their lost when BUY at high price. For the Japanese news, check the news date when it is released and also earlier XOX announcement has misleading the information until queried by Bursa Malaysia. Anyhow, I can see big player waiting to dispose their share hoping the huge volume @ BUY queue before dispose at once. They also will not simply limit down the share that also effect their lost too.

Mqtech still have stronger buyer than seller. Today probably disposed by contra player. See how is the performance tomorrow. Hopefully will hit 15 cent high. The chart shows normal up trend rather a spike up trend which is much more dangerous without confirmed news.

Reference is made to the Company’s announcement made on 27 July 2020.

XOX Bhd ("XOX" or "the Company") wish to further announce that :

1) XOX has not identified the Chinese Telco, upon signing of the HOA with Jiangsu Sulian Asset Management Co. Ltd, both parties will commence the discussion on the option of Chinese Telco.

2) Jiangsu Sulian Asset Management Co Ltd. approached XOX on the opportunity to venture into the business of regional deployment of 5G mobile networks with the Chinese Telco, the estimated total capital and investment outlay intended to be committed by XOX has not been discussed at this stage.

Further announcement will be made to Bursa Malaysia Securites Berhad on any commitment of financial obligations for this project as the information surfaces.

3) The countries identified as part of XOX’s plan to venture into the business of regional deployment of 5G mobile networks with the Chinese Telco are Malaysia, Thailand, Philippines and possibly Indonesia.

4) No fee is payable by XOX and/or XOX Media Sdn Bhd in the event that the HOA is terminated prior to finalisation of the commercial agreement between XOX and/or XOX Media Sdn Bhd and the yet to be identified Chinese Telco.

This announcement is dated 29 July 2020.

----------------------------------------------------------------------

As I mentioned yesterday night, their announcement made on 27 July 2020 statement is something wrong and they get query from the Bursa Malaysia to further clarify their statement. As the query reply from XOX, for my opinion, this business is just a proposal and probably will not able to kick start the project and probably XOX just to use JiangSu Sulian Asset Management to push up the company share and more advantages to XOX if the project is fail where XOX don't need to pay any fees or compensation since this project approach by Jiangsu Sulian until the deal is confirmed on.

Number 2 is for those country they mentioned, there are no Jiangsu Sulian or XOX are bidding for the 5G infrastructure and only 2 China company bidding which are Huawei and ZTE. I don't believe Huawei and ZTE need to go thru middleman to bid on their behalf as their capability and capital is far greater from this XOX and Sulian. Vietnam, Thailand and Philippines are the US allies and they are probably will not getting any 5G from Huawei and ZTE due to US sanction.

https://www.reuters.com/article/us-thailand-telecoms-huawei-5g/thailan...

https://asia.nikkei.com/Business/Telecommunication/Vietnam-carrier-dev...

https://business.inquirer.net/300533/us-urges-ph-to-shun-chinese-5g-ne...

From my research, for long term investor, I will stay out this counter until the company has come something new. Also, their 2.2 million subscriber mostly half or more the user are prepaid user and many of them are not active subscriber ( not consistent monthly user) where most of them are port in from other telco just to enjoy the 28 months of stay active without reload. Most of them wanted to maintain their number probably due to working or study at overseas, owner pass away or as backup after they get a new number.

It is not goreng counter. Bad result probably due to the Covid 19 pandemic. This counter is good for long term investor. All of you judged on the company price based on the financial performance. But you all do not understand how is their culture and value of the technology they have. This company can be known as "Apple" Malaysia version. Even the founder build their latest HQ building similar to Apple HQ design.

Founder and co-founder hold more than 50% of the total shares and if includes the BOD and employees it will make to around 75% while floating around free market is 25%. Most of the employees believe in the company and do not sell their share and keep it. Maybe will sell it if urgently need financial aid. Many of their employee already become millionaire in their portfolio for those still hold the share since 2006.

Their technology is niche and mostly use in semiconductor industry and some in military. In Malaysia, only this company has their own X-ray inspection technology and the value of the company is their value of the technology they have. You can read their annual report to get more information about this company.

You may study their chart since 2006 and see how it move up and previously this company listed in MESDEQ (ACE market) changed to Main board.

Oh ya, I will avoid HLG price target research as every time they CALL SELL, this company share price still getting up higher and higher.

@OracleOfOhama, congrates to you. You have made yourself 1000% gain profit.

Anyway, long terms investment need to understand the company fundamental and finance. For short terms, people goreng you just follow but must know when to exit the game. If not you will be burn or stuck at paper loss. No harm to goreng as the chart still show the bullish signal.

@oracleofohama Do you refer to this? Anyhow, don't know this person so I don't want to speculate what is his intention to buy XoX shares.

Particulars of Substantial Securities Holder
Name MR TAM PING KUEN, DANIEL
Nationality/Country of incorporation Hong Kong
Descriptions (Class) Ordinary Shares
Name of registered holder TAM PING KUEN, DANIEL
Date interest acquired & no of securities acquired
Date interest acquired 22 Jul 2020
No of securities 120,000,000
Circumstances by reason of which Securities Holder has interest Acquired of shares via the Private Placement
Nature of interest Direct Interest

I found his profile as below :

Chong Kin Group Holdings Ltd (1609.HK) This company incorporated in Cayman Island with limited liability.

Tam, Ping Kuen
Mr. Tam Ping Kuen is Non-Executive Independent Director of the Company. He has over 22 years of experience in accountancy and management. He is the founder of Daniel Tam & Co., Certified Public Accountants (Practising). He has been appointed as an independent non-executive director of WE Solutions Limited (Stock code: 860) since May 2006. Mr. Tam obtained a Master of Science in Financial Economics degree from the University of London in 1995. He is an associate member of the Hong Kong Institute of Certified Public Accountants and he has been a fellow member of the Association of Chartered Certified Accountants since 1996.

XOX announcement today

Non-Circumvention

i) The Parties agree that the HOA shall also form a non-circumvention clause to prevent XOX from directly engaging negotiations with the yet to be identified Chinese Telecoms party, that will be introduced by Sulian Capital.

ii) The Non-Circumvention clause shall be enforced for 18 months, before any potential deal or contract can be finalised between XOX and the yet to be identified Chinese Telecoms party.

iii) The Non-Circumvention agreement also stipulates that it will survive the entire length of any collaboration or partnership concerning 5G deployment and mobile networks, between XOX and the yet to be identified Chinese Telecoms party, until termination.

Commercials

i) The Parties agree that on success of any deal, partnership or collaboration agreement between the yet to be identified Chinese Telecoms Party and XOX, that Sulian Capital will be entitled to a quarterly participation fee as the introducing party ("Participation Fee").

ii) This Participation Fee is fixed at 10% of XOX’s net profits arising from any deal, partnership or collaboration between XOX and the yet to be identified Chinese Telecoms Party.

iii) This Participation Fee will be covered under the non-circumvention clauses above.

iv) The Participation Fee of 10% of net profits at XOX’s level, will form a general mandate on any deal, partnership or collaboration arising from Sulian Capital’s introduction, unless a specific project and fee relating to said project is identified, acknowledged by the parties and included as an addendum to this HOA.



The HOA shall be effective from 27 July 2020 upon the execution by the Parties and shall terminate upon the occurrence of any of the following events:



i) 18 months with no finalised commercial agreement between XOX and the yet to be identified Chinese Telecoms operator.

ii) mutual termination by both Parties, in writing.

iii) in the event of insolvency, liquidation or filing of winding up petition of either party.

-------------------------------------------------------------------------------------------------------------------

From this statement, my understanding is that XOX still do not have any Chinese Telco company that will invest the 10billion in 5G infrastructure but Sulian Capital will be agent to look or introduce for this Chinese Telco company investor. Within 18 months period, Sulian Capital must introduce this company or else the contract will be terminated. Something misleading about the 10billion investment in XOX announcement earlier. Until today no investor from China Telco company that in position to invest the 5G as stated earlier..

Anybody can explain? This is my finding. Make me feel something wrong about it yet the share price is goreng based no solid fundamental.

Finally Vitrox hit more than 5b value today. Their vision 5.5.5 (2/3) achieved.
Revenue 500m - Strong growing
Employee 500 people - Achieved.
Market value 5 billion - Achieved today

This stock is suitable for those who like long term investment. 10 years ago the stock price is only RM0.30 and today it already hit RM 11.42 (RM 22.84 actual value). Just buy, ignored and no need to worry to get PN17 note or delisted. The return rate is better than FD or other investment.

NGY requested for suspension for the announcement of dispose their property Fosterville Gold Royalty.

I don't know why the forum keep delete my post when i post the link to the announcement

when closing today also not so much selling. Buyer is stronger than seller.

Hoping for tomorrow good news at 1.40pm. Today big player is in and my chart displayed the up signal. Probably will up for few days. For me, buy and keep for now.

Hopefully kaki contra and intra come in tomorrow. Based on the volume, seems like buy sell are the ikan bilis investor. Looks like down trend and if hit 7 cent, time to sell to cut loss.

Looks like the share price going to float around 10 cent and no volume probably kaki contra no longer interested this share. Just wait for the good or bad news announcement.