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2021-03-17 14:09 | Report Abuse
Yes, oil price continue to rise !
Brent now at $68.75 +0.36 +0.53%
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2021-03-17 14:08 | Report Abuse
Yes, oil price continue to rise !
Brent now at $68.75 +0.36 +0.53%
Stock
2021-03-17 14:08 | Report Abuse
Yes, oil price continue to rise !
Brent now at $68.75 +0.36 +0.53%
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2021-03-17 14:07 | Report Abuse
Yes, oil price continue to rise !
Brent now at $68.75 +0.36 +0.53%
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2021-03-16 20:05 | Report Abuse
Covid-19: Malaysia’s new daily infections drop further to 1,063
Syafiqah Salim / theedgemarkets.com
March 16, 2021 16:34 pm
https://www.theedgemarkets.com/article/covid19-malaysias-daily-new-infections-drop-further-1063
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2021-03-16 20:05 | Report Abuse
Covid-19: Malaysia’s new daily infections drop further to 1,063
Syafiqah Salim / theedgemarkets.com
March 16, 2021 16:34 pm
https://www.theedgemarkets.com/article/covid19-malaysias-daily-new-infections-drop-further-1063
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2021-03-16 13:35 | Report Abuse
Since Covid-19 new cases keep dropping everyday and till yesterday, it dropped to record lowest of 1,208 cases nia, I think this evening PM will announce good news which the CMCO will be lifted and cross state also lifted and no more MCO, CMCO or RMCO...
All back to normal as before the 1st MCO was introduced about one year plus from today !
Like that, tommorrow KLSE will spike up like mad liao lah...
And Armada’s share price definitely will be also spike up to sky high to break above 0.60 , RM1.00, RM2.00, RM3.00 and etcs !
Huat ah, Heng ah, Ong ah !
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2021-03-16 06:42 | Report Abuse
Oil price stagnant
Brent closed at $68.74 -0.07 -0.10%
Today I think Brent will continue to spike up like mad to
closed at $71.74 +$3.00 +4.3%
Huat ah, Heng ah, Ong ah !
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2021-03-15 14:47 | Report Abuse
Yes, Lamborghini is coming !
Right now Lambo was ranked number 1 in the most active trading listing
with total traded volume around 868 million shares traded !
Huat ah, Heng ah, Ong ah !
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2021-03-15 10:03 | Report Abuse
Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%
Huat ah, Heng ah, Ong ah !
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2021-03-15 10:03 | Report Abuse
Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%
Huat ah, Heng ah, Ong ah !
Stock
2021-03-15 10:03 | Report Abuse
Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%
Huat ah, Heng ah, Ong ah !
Stock
2021-03-15 10:03 | Report Abuse
Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%
Huat ah, Heng ah, Ong ah !
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2021-03-15 10:02 | Report Abuse
Wow, oil price continue it's uptrend !
Brent now already at $69.96 +0.78 +1.13%
Huat ah, Heng ah, Ong ah !
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2021-03-15 09:45 | Report Abuse
Yes, Armada lai liao lai liao,
now Armada already at 0.50 +0.015 +3.1%
Huat ah, Heng ah, Ong ah !
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2021-03-15 09:42 | Report Abuse
Yes, Cheetah lai liao lai liao,
now Cheetah already at 1.90 +0.31 +19.5%
Huat ah, Heng ah, Ong ah !
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2021-03-15 09:42 | Report Abuse
Yes, Cheetah lai liao lai liao,
now Cheetah already at 1.90 +0.31 +19.5%
Huat ah, Heng ah, Ong ah !
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2021-03-15 09:18 | Report Abuse
Yes, MKland lai liao lai liao,
now MKland already at 0.235 +0.025 +11.9%
Huat ah, Heng ah, Ong ah !
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2021-03-13 11:37 | Report Abuse
Yes, XOX warrant C now only 0.02 ~ 0.025 nia,
really undervalue...
Next week XOX-WC probably will be
break above 0.10 once it’s mother shares
break above 0.15
T.p by June 2021 -> XOX break above 0.50
And XOX-WC break above 0.40
T.p by Sep 2021 -> XOX break above RM1.00
And XOX-WC break above 0.90
T.p by Dec 2021 -> XOX break above RM2.00
And XOX-WC break above RM1.90
Huat ah, Heng ah, Ong ah !
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2021-03-12 22:53 | Report Abuse
Announcement details
OTHERS XOX BHD - HEADS OF AGREEMENT WITH CHEETAH CORPORATION (M) SDN BHD AND LAMBOPLACE SDN BHD
XOX BHD
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3138462
Description: XOX BHD
- HEADS OF AGREEMENT WITH CHEETAH CORPORATION (M) SDN BHD AND LAMBOPLACE SDN BHD
The Board of Directors (“Board”) of XOX Bhd (“XOX” or the “Company”) wishes to announce that XOX Media Sdn Bhd (“XOX Media”), a wholly-owned subsidiary of the Company, had on 12 March 2021 entered into a Heads of Agreement (“HOA”) with Cheetah Corporation (M) Sdn Bhd (“CHEETAH”) and Lamboplace Sdn Bhd (“LAMBO”) for the purpose to jointly create a rebranded and reimagined CHEETAH exclusive digital shopping platform.
CHEETAH is a wholly-owned subsidiary of Cheetah Holdings Berhad, a company duly listed on the Main Market of Bursa Malaysia Stock Exchange. CHEETAH’s principal business is product designing, product development, marketing and retailing of sports apparel and accessories and casual wear under its own brand name.
LAMBO is a wholly-owned subsidiary of Lambo Group Berhad, a company duly listed on the ACE Market of Bursa Malaysia Stock Exchange. LAMBO has its own business-to-consumer (B2C) e-commerce marketplace known as “LamboPlace” offering lifestyle consumer products including food products, apparels and accessories, baby toys and collectibles, fitness products, home and living products, lifestyle gadgets as well as beauty and wellness products.
The salient terms of the HOA are as follows :
(a) Business Collaboration
i) CHEETAH will be the owner of the digital e-commerce platform, supplying the relevant merchandising and stock-keeping units (“SKU”) to capture a share of the massive online clothing market. CHEETAH will also coordinate with the rest of the teams to provide continuous content creation and updated designs to appeal to a more digitally savvy and younger target market.
ii) XOX Media will provide its knowhow in its recent success of its BLACK Market marketplace App. The natural exposure to its existing clients of 2.2 million subscribers and 20,000 dealers provides an immediate reach and instant scalability. XOX Media will also provide input and technical support to create a CHEETAH store app similar to the BLACK Market.
iii) LAMBO will provide its expertise in technological development to build the shopping mall platform, incorporating machine learning technology and consumer behavior analysis. This will dovetail into LAMBO’s desire to venture into an e-fulfillment business model, with CHEETAH and XOX Media as partners and anchor clients.
(b) Parties Commitment
i) The parties have agreed to immediately implement the project with clear separation of revenue models and relevant skills and technology to be combined in an executive planning committee.
ii) The costs of deployment of this project are segregated to each party individually to a clear defined revenue ownership structure, finalised internally through the executive committee.
iii) The executive committee will commence implementation of the project immediately.
(c) Duration of HOA
The HOA shall be effective from 12 March 2021 and shall terminate upon the occurrence of any of the following events:
i) 6 months without any finalised commercial agreement between the parties.
ii) Mutual termination by all the parties, in writing.
iii) In the event of insolvency, liquidation or filing of winding up petition of any party.
iv) Upon the parties entering into a Formal Agreement.
Notwithstanding subparagraph (i) the above, the HOA may be extended by mutual agreement in writing of the parties.
The HOA will not have any effects on the share capital and shareholding structure of the Company and is not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of XOX for the financial year ending 30 September 2021.
Similar to all business entities, the risk factors affecting the execution of the HOA, including but not limited to business risks such as prudent financial management, changes in political, economic and regulatory conditions. However, the Board will continue to exercise due care in considering the risks associated with the HOA and will take appropriate measures in planning the successful execution of the HOA.
The HOA being incurred in the ordinary course of business, is not subject to the approval of the shareholders.
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 HOA:
(a) Common directorships of Mr Roy Ho Yew Kee in XOX and Cheetah Holdings Berhad.
The Board, after due consideration, is of the opinion that the HOA is in the best interest of the Group.
This announcement is dated 12 March 2021.
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2021-03-12 22:09 | Report Abuse
Cheetah, XOX, Lambo to collaborate on online apparel store, marketing and distribution
Adam Aziz / theedgemarkets.com
March 12, 2021 17:49 pm +08
https://www.theedgemarkets.com/article/cheetah-xox-lambo-collaborate-online-apparel-store-marketing-and-distribution
KUALA LUMPUR (March 12): Cheetah Holdings Bhd, XOX Bhd and Lambo Group Bhd have entered into a tripartite collaboration to launch an online apparel store, Cheetah Online Store, by April 2021.
Under the collaboration, led by XOX, Cheetah will revamp its apparel brands, focusing on online business and the youth market, the companies said in a joint statement today.
“Cheetah, with over 1,000 stock-keeping units (SKU) spanning across four major brand silos and five sub brands, is moving to emulate other apparel brands to begin grabbing the online apparel market share,” the statement said.
Mobile telco operator XOX will lend its two million-strong customer base, its dealer network of over 20,000 dealers nationwide, and its e-wallet platform to provide customers with bundled discounts and transaction benefits.
Lambo Group, meanwhile, will lend its machine-learning model, last-mile delivery and explore collectively a bulk-breaking, inventory management and e-fulfilment silo operation “to cater for what would be an anchor client”, the statement added.
“This concerted effort represents a turnkey solution to provide all three companies with an immediate boost to revenue, product and presence,” said XOX chief executive officer Ng Kok Heng in the statement.
“Additional products will lift our Average Revenue Per User (ARPU) significantly, as customers spend more using digital means.
“Our e-wallet along with our dealer network will be instrumental in escalating this project,” he added.
Cheetah has an existing online store on its official website carrying all brands under the group. Lambo Group also operates an online store LamboPlace with products ranging from retail goods, fresh produce, furniture gadgets and digital software.
Shares of Cheetah closed three sen or 1.85% lower at RM1.59, valuing the group at RM183.3 million.
Shares of XOX closed half a sen or 7.69% higher at seven sen, valuing the group at RM268.5 million.
Shares of Lambo Group were unchanged at 2.5 sen, valuing the group at RM122.3 million.
Edited By Tan Choe Choe
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2021-03-12 17:53 | Report Abuse
Today Brent Oil might break above USD $70 per barrel !
Huat ah, Heng ah, Ong ah !
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2021-03-12 17:25 | Report Abuse
Oil prices climb 2% as dollar slips
Friday, 12 Mar 2021 7:54 AM MYT
https://www.thestar.com.my/business/business-news/2021/03/12/oil-prices-climb-2-as-dollar-slips
NEW YORK: Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.
Brent crude oil futures for May settled up $1.73, or 2.6%, to $69.63 a barrel while U.S. West Texas Intermediate crude for April ended the session $1.58 or 2.5% higher, at $66.02.
"The complex has recovered back to above yesterday's highs with major assistance from a weak dollar/strong equity combo," Jim Ritterbusch, president of Ritterbusch and Associates said.
"We feel that the energy complex could remain in a stall well into next week with WTI bounded roughly by parameters of about $63 to $68 before any renewed up-spike."
U.S. Treasury yields fell on Thursday as concern about a strong pick-up in inflation eased and focus turned to an auction of 30-year government debt. The dollar fell for a third straight day and was at its lowest level in a week against a basket of currencies.
Fewer than expected Americans filed new claims for unemployment benefits last week as an improving public health environment allows more segments of the economy to reopen.
A massive draw on U.S. gasoline stocks has also helped to boost oil prices, said Tamas Varga, senior analyst at PVM Oil Associates.
"(It) implies that refiners' crude intake will keep growing, reversing the recent stock builds we have seen in the last three weeks due to Winter Storm Uri."
U.S. gasoline stocks fell by 11.9 million barrels in the week to March 5 to 231.6 million barrels, the Energy Information Administration (EIA) said, compared with expectations for a 3.5 million-barrel drop.
Crude inventories, however, rose by 13.8 million barrels in the week to March 5 to 498.4 million barrels, compared with analysts' expectations in a Reuters poll for an 816,000-barrel rise, as the nation's oil industry continued to feel the effects of a winter storm mid-February that stalled refining and forced production shut-ins in Texas.
Still, the Organization of the Petroleum Exporting Countries said in a monthly report demand will rise by 5.89 million barrels per day (bpd) in 2021, or 6.5%, up slightly from last month. But the group cut its forecasts for the first half.
Globally, stocks also remain ample with crude oil in storage at major land and sea hubs rising last week, according to analysts and ship trackers.
As the pace of inoculations picks up, several states such as North Carolina and California have moved to relax COVID-19 restrictions. - Reuters
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2021-03-12 12:20 | Report Abuse
Oh my goodness, xox involve in vaccine related activity... really ?
The announcement will be out today ?
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Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD
2021-03-17 14:37 | Report Abuse
Yes, oil price continue to rise !
Brent now at $68.75 +0.36 +0.53%