Govt to maintain RM21.6b budget for NFCP
Justin Lim
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The Edge Financial Daily

March 13, 2020 09:10 am +08
This article first appeared in The Edge Financial Daily, on March 13, 2020.


Saifuddin: Plans to roll out 5G in the third quarter are on schedule. (Photo by Kenny Yap)

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PUTRAJAYA: The RM21.6 billion budget for the National Fiberisation and Connectivity Plan (NFCP) will be maintained under the Perikatan Nasional administration, Minister of Communications and Multimedia Datuk Saifuddin Abdullah said yesterday.

At his maiden press conference following the recent change in government, Saifuddin gave the assurance that the budget allocated by the previous Pakatan Harapan administration would be retained despite the economic crises brought about by Covid-19 and plunging oil prices. He also said that plans to roll out 5G in the third quarter are on schedule.

Moreover, he said his ministry is awaiting clarification on whether there will be additional funding for NFCP as the government is now reviewing an economic stimulus package unveiled last month to counter the negative impact of Covid-19 on the economy.

MIDF Research analyst Martin Foo told The Edge Financial Daily that any additional funding is good for the industry as it could further expedite the network deployment.

AllianceDBS Research Sdn Bhd analyst Toh Woo Kim believed the new government is unlikely to make any significant changes to the NFCP project, given the importance of upgrading broadband connectivity for the country.

“In our view, funding for NFCP is not an issue, as The Malaysian Communications and Multimedia Commission (MCMC) has sufficient reserves in its Universal Service Provision fund (USP), ” Toh wrote in a note distributed yesterday.

Foo is “neutral” on the sector as he expects a tough year ahead, now made worse by the Covid-19 outbreak. “Even with the absence of the Covid-19 outbreak, I do not see any positive rerating catalysts for the sector.”

According to Toh, in the past the local telco sector has performed well during periods of uncertainty, as investors seek defensive names. He is inclined towards large-cap stocks with resilient earnings growth, his top picks being Axiata Group Bhd and TIME dotCom Bhd.

In the small-cap space, he likes OCK Group Bhd as the group is a potential beneficiary of NFCP.

Year to date, Bursa Malaysia’s telecommunications and media index has fallen 13.42% to 582.47. Over the same period, the benchmark FBM KLCI has lost 10.66% to 1,419.43.

Axiata yesterday closed at RM3.94 which translates into a market capitalisation of RM36.11 billion. Maxis Bhd ended at RM5.25, valuing it at RM41.06 billion.

TIME dotCom finished at RM9.45, for a market capitalisation of RM5.53 billion while Telekom Malaysia Bhd’s RM3.44 close, translates into a market capitalisation of RM12.95 billion.

At RM4.21, DiGi.Com Bhd was worth RM32.73 billion.

10/3/20

It seem's Mr Market has chosen to end WAVE C at lower level after broke uptrend line at 1460. After Re-assessed daily and weekly chart, the initial minor 5th wave extension would Not be realized. Instead, we had sub 3rd wave extension formed which ended at 1550 on Oct 19. It meant we would see an normal sub 5th wave or WAVE C which would end at 1380 as projected. Well, it is almost 40 away from Double Top target at 1343. Let's see how is the monthly chart close on 31/3/20.

Wave believer

6 Mar 2020

After a week, its was able to trade above 1460 level after bounced from the major upper trend line. However, it seems resisted at around 1500. For longer term perspective (Weekly & Monthly time frame), 1470 must hold as immediate support and 1460 as major support for further upside test the gap resistances in between 1510 - 1527. Last but not least, minimum criteria of ending sub wave 5 or WAVE C is still intact while pending confirmation signal.

Wave believer

Stncws. Agree.

Due to covid-19, most of the company exercizing BCP which employee encourage to work from home or mobility. Non executive staff have to setup Internet VPN at home and highre position executive to setup VPN to access via laptop or Mobile for continuing their works. Internet and networking infrastructure has to be upgraded to cater the hidden demand. I believe NETX will be benefited gradually from now until 5G implementation getting hot.

3/2/2020,

We are entering into a new month of March. I will continue with analyzing in Monthly time frame basis as there has been major sold off for 3 consecutively month end since November 2019. Secondly, monthly analysis can deliver a bigger picture of major cycle for longer run. However, shorter time frame (Weekly & daily) analysis would take place when stronger signals captured which would drive longer term trend and vice versa.

On the first day of March, potential level #1 (1460) mentioned was triggered and bounced up from the upper trend line. A Doji has been formed above the trend line after closed. Although it has met the minimum criteria of completing sub wave 5 or WAVE C, it still require a confirmation of bullish reversal signals in next few days or weeks. However, we won't be carried away as long as it has not broken above the red downtrend line and there is still a chance to visit possible level 1440 & 1343. Let's see!

Wave believer

2/3/2020

The stronger the Squeeze, a stronger breakout it will. Squeeze more please.

Price is still squeezing and more action to come next week. Pending to burst up strongly.

Price is squeezing now. Prepare for movement.

hotstock1975 Extracted from the statement today. Some important points we should look into. "The group further identified additional market segment, ie currency exchange application which is yet to have major
competitor in Malaysia market but available in overseas. The Group has further enhanced the MPEX to be
a P2P digital wallet and currency exchange application that allows customers to exchange currencies at
competitive, low commission rates, on demand, as well as invest in structured products that target to
produce healthy returns.
The enhancement of MPEX has delayed the software development and hence delay the launching of MPEX.
However, the enhancement has bring MPEX to be a payment exchange system that allows users to make
payments, receive money, exchange and withdraw money using other popular and established payment
services.
The Group currently has completed the development which includes the UI/UX design, database
functionality and implementation phases of the mobile application. Currently the vendors are working on
some small change requests and minor bug fixes. The implementation is also subject to regulatory approval."

The overall implementation has almost been completed. It will go Live to the customers very soon. Buckle up everyone!
23/01/2020 1:21 AM
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i3 are concerning about the delaying of the launch. No need worry. My firm is also working lots of products which is still under UAT and delaying for going Live. Definately it won't be rubbish. I reckon and reiteratimg that Once it Go Live to client end, revenue starting to roll in. I believe they can launch it ahead schedule soon to catch up the trend. I also believe they might working on a platform to cater crypto currency in the futures where these segment is still new in Malaysia. Mark my word.

Extracted from the statement today. Some important points we should look into. "The group further identified additional market segment, ie currency exchange application which is yet to have major
competitor in Malaysia market but available in overseas. The Group has further enhanced the MPEX to be
a P2P digital wallet and currency exchange application that allows customers to exchange currencies at
competitive, low commission rates, on demand, as well as invest in structured products that target to
produce healthy returns.
The enhancement of MPEX has delayed the software development and hence delay the launching of MPEX.
However, the enhancement has bring MPEX to be a payment exchange system that allows users to make
payments, receive money, exchange and withdraw money using other popular and established payment
services.
The Group currently has completed the development which includes the UI/UX design, database
functionality and implementation phases of the mobile application. Currently the vendors are working on
some small change requests and minor bug fixes. The implementation is also subject to regulatory approval."

The overall implementation has almost been completed. It will go Live to the customers very soon. Buckle up everyone!

Last chance to collect 2cts

Collected at 2cts. Thank you.

jjohnjiu, tell all your avatars come to sell then. Cheers.

There is No chance to match your buy order at 2cts. Selling queue 2.5 cts will slowly reduce.

Today is only the first day of 5G bull run. Patient is the Key.

All Huat Ah in 2020!!! Happy New Year!!!

All Huat Ah in 2020 !!! Happy New Year 2020!

@jjjjohnchee jjohnchew, 2 days down the road.. I can't wait too. Exciting moments along the way to see 2.5 cts ceiling will be cracked gradually

JJ Already sold 2 backsides can easily buy up most shares in selling Q 2.5sen.
But why he is still not buying at 2.5 sen as claimed?
“Sell arses, buy Netx”

===========+++++++++++++++++++++++++++

Are you the avatar of jjohnchew? Why you copy and amended my statement from 15 to 2 days?

You want to sapu 2.5 cts during these 2 days instead of 15 days?

Or you will keep selling at 2 cts? Then I will continue to collect. If you are able to sell it down to 1.5 cts then I will Sai Lang. Wait for you.

Please remind your boss JJ to call MEASAT. We are waiting so long already.

jjohnchew, 15 days down the road.. I can't wait too. Exciting moments along the way to see 2.5 cts ceiling will be cracked gradually.

Don't sleep first...jjohnchew...your similar nick is appearing everywhere with different version.... Starting with Johnchew, johnchew1, johnchew2..johnchew infinitity? Which one is the Real you? We may consider your point if you can stand firm on your Concrete Id to give comment without fallacy taken place. Better hurry switch back to your original ID before 2020. Otherwise, 0.025 will be breached by 31/12/19. :)

jjohnchew...don't keep changing id and waste your energy. You become famous because you keep changing your id. Have you called MEASAT already? Let us know the answer before 2020 ya.

Yea.. Countdown towards 2020.

Don't maybe here and maybe there la.... Let us know the root cause after you call MEASAT.... Ok? MEASAT got all the data and facts... Waiting for your answer ya.

@jjohnchew
Ho ho see see see the kon artist blowing referring to his post dated Dec 19....10 % become 5 % ..even east coast ...hahaha...

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Depends on the cruise location whether it was close to the footprint center of MEASAT 1 satellite which cover South East Asia Region. Bad weather can cause weak signal because of massive cloud blockage from space to groud. Offshore signal performance always have disadvantages as compare to Onshore because there always network tower booster built on hill to provide consistently and strong signal bandwidth required. You can call up MEASAT for more details for offshore signal issue instead of asking Calvin. Maybe you can provide better solution to MEASAT on how to improve their service. :)

Let's see. :)

Calvin, Agree. I am strongly believe all incoming 2 cts buying queue orders won't be matched from now unless buy higher.

Depends whether the type of MA you are using (Simple, Exponential or Weighted) and the timeframe you are applying into it. You will see them differently.

In TA wise, Monthly time frame, NETX has been trading above 20MA - 0.019 for 2 consecutively months which indicating the trend has been shifting to uptrend slowly. In Weekly time frame, it is still cap below 200MA. In Daily time frame, it has already been trading above 200MA since 11th Oct. The crucial point is the Weekly time frame as 200MA is getting closer to 0.025 where we will see the 200MA to touch base exactly at 0.025 by next week. Therefore, some reaction can been seen whether 0.025 could be breached in coming days or weeks

I believe ESOP issue is the sign of brighter side. I used to be granted ESOP from my ex-firm and current firm. Both of my boss told me that I should hold it tight because the value of the firm will be double or triple up in few months time or years. Well, I was abit doubt and skeptical what they told me because I really need money at that point in time. Ends up I followed their call and decided to hold for few months even more than 1 years. For my ex-firm, I earned pile of it after 1 year before I resigned when their share price was almost triple up. For my current firm, the share price was double and split 2 for 1. After the split, my holding was double with same value. After few months to a year, the share price was double again. Then I exercised my holding slowly and laugh to the bank every month. Luckily I followed my boss call who has longer term vision.

5277 & 4723. For short term wise, I will be very caution.

Musang, use bomoh to rescue our KLCI better. Let's all Huat together ma.

Also 4723, resisted at 1.25 of Sep/Oct 2017 low. Take care.

Musang, for 5277, it has already hit and resisted at 2 years high on 2017 now. Not much meat left. Becareful.

It must break above 0.505 for further upside.

In daily view, Wave C leg 5 has been completed and met its minimum criteria to end Wave C. The current PTI reading is getting stronger which indicating the probability for achieving Wave 5 uptrend is increasing and most likely to be realized.

Wave C leg 5 is forming.

Would prior Wave C is still reforming as 5 sub leg down to reform Simple Flat Structure to 0.46 - 0.41. Otherwise, these could be false break below Wave E.

Nov 29, 2019 1:50 AM
7) Wave 4 possible TP as below:
a) Simple flats structure - 0.49, 0.46
b) Contracting triangle- lowest 0.49 and may come with 3 kind of formations such as Symmetrical, Ascending or Descending where usually ABCDE emerged.
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It seems forming Symmetrical Triangle with ABCDE formation. Wave C was ended at 0.49. Currently, Wave D is on its way with possible TP 0.525 before Wave E to complete the correction cycle. Hopefully, there would be No X wave to prolong the correction process.

@ Captain Mabel, There's no basis to hammer this ship down. This is a well run company.

Roger Captain. :)

Captain Mabel, apologies for late attention as I was busy with anticipating a potential leakage on one of our ship's compartment. Our navigation report is ready for your review as generated below:

1) Highest degree waves - Wave 3 completed at 0.55 on 11/20.
2) On the same day, lower degree of 5 sub waves completed at 0.55 too.
3) Correction started after both high and lower degree waves.
4) So correction started with lower degree sub waves which consist of 3 sub abc waves ended at 0.47 on 11/25. Equally, we counted these 3 sub waves correction to form Higher Degree of Wave A. Then, 3 more sub waves up to form Wave B ended at 0.54.
5) Currently, we are starting to see Wave C is on its way from 0.54.
6) Therefore, we are monitoring whether Wave C would have 5 sub waves diagonal structure. (a) If yes, ABC would have formed as Simple Flats 3-3-5 structure category to end higher degree Wave 4. (b) If C come with 3 sub wave structure, it would have formed a contracting triangle ABCDE with possible X to end higher degree of Wave 4.

7) Wave 4 possible TP as below:
a) Simple flats structure - 0.49, 0.46
b) Contracting triangle- lowest 0.49 and may come with 3 kind of formations such as Symmetrical, Ascending or Descending where usually ABCDE emerged. After Wave 4 completion, no doubt that Wave 5 will power up.

8) Wave 5 signal up is still strong with healthy PTI reading currently.

All of above counts and TP may subject to change base on case by case basis.

Good luck Captain Mabel and all fighters here.

I am heading back to navigating position to avoid fogs and iceberg/rocks.

Huat Ah!

Higher degree of Wave C is forming after B ended yesterday. It is crucial that how C would be end to reflect the overall higher degree of Wave 4 correction being formed in coming days.

The 5 sub wave corrections done with sub abc waves last at 0.47. Since it was in conjunction with higher degree of Wave 3, sub abc wave correction is equal to higher degree Wave A too. Therefore, higher degree Wave B is being constructed currently.

All houses upgrading..Aminvestment will revise soon. Very Hot.

Forming final leg of wave C.

Houses starting to upgrade and join in. Great. Hopefully can provide some support.

Since sub 5th wave and Wave 3 inconjunction at 0.55, correction sub a & b waves were completed at 0.48 & 0.53 respectively. Sub wave C is being formed where may lead to TP 0.485 or even to range 0.46 - 41 if it break below 0.49 and form ending diagonal formation. Otherwise we will see wave d & e in coming days if wave C ended at 0.49.

All of above sub wave corrections are interpreting Wave 4 correction as well before Wave 5 up.

Even if it really traded below 0.50 or 0.46 - 0.41 in coming days, it doesn't mean the end of the game. The correction PTI reading is still showing strong Wave 5 pending ahead. Don't forget DBS TP 0.60.

We will see longer Wave 4 consolidation phase before Wave 5 up.

Harsh correction. Wave A is forming. Let see how the remaining BCDE waves are formed.

Since sub 5th wave completed Wave 3 extension which ended at 0.55, expecting Wave 4 correction in consolidation phase before Wave 5 up. Retracement level could be 0.525 to 53.