Tan soon hin he knows rubbish in any stocks. What NTA and business model he knows about. In fact, he couldn't get XOX shares now he asked people to sell.

The moment he call buy you must sell, when he call sell you must buy

With this, the company has risen another RM 12.46 million as net cash

Types of corporate proposal Private Placement
Details of corporate proposal Private Placement
No. of shares issued under this corporate proposal 207,719,000



Meaning to say, private placement in stages and the 5 stars investor will on board soon

BUSINESS

XOX chief confirms big Chinese telco's interest in RM10bil 5G venture

By NST Business - July 20, 2020 @ 7:08pm

XOX chief executive officer Ng Kok Hen declined to name the company but said it was among the top three mobile groups in China.

KUALA LUMPUR: XOX Bhd top executive confirms that the company has been approached by one of China's top telecommunications (telco) groups to build the fifth-generation (5G) wireless mobile network in Malaysia with an investment of up to RM10 billion.

 XOX chief executive officer Ng Kok Hen declined to name the company but said it was among the top three mobile groups in China.

"We are waiting for the proposal and will make the appropriate announcement soon. The 5G is a direction we are moving into to diversify our revenue stream. If the deal goes through, the investment will be spread out over five to six years and the Chinese group will develop the infrastructure," he told the New Straits Times (NST).

 The NST reported yesterday that a large telecom provider from China was believed to be working on a plan with XOX to build the 5G network in Malaysia, with an investment of up to RM10 billion.

Sources with knowledge on the matter had said that the deal was being brokered by a China-based venture capitalist and that XOX would receive the letter of intent this month.

 The top three telecom groups in China are China Mobile, China Telecom, and China Unicom and they are investing a few billion dollars to roll out their 5G across China.

 China Telecom and China Unicom two months ago announced a partnership with Swedish comms tech giant Ericsson to deploy 5G radio system products and systems, including spectrum-sharing technology.

 5G is a new global wireless standard after 1G, 2G, 3G, and 4G networks.

 5G enables a new kind of network that is designed to connect virtually everyone and everything together including machines, objects, and devices.

 The United States, China and South Korea, are leading the world in building and deploying 5G technology.

 Some of the key players in global 5G infrastructure market include Qualcomm, Samsung, Huawei, Verizon Communications, Cisco, AT& T, ZTE, and China Mobile.

 Shares of XOX traded heavily again today, surging 3.5 sen to hit a four-year high of 18.5 sen in afternoon trade.

It ended the day 20 per cent, or three sen, higher to 18 sen.

 Last week XOX announced a micro-finance partnership with Wetek Technology (M) Sdn Bhd, whose directors are Howard Leung Hao, also chairman and CEO of Brilliant (Hong Kong) Holdings Ltd, and Liang Zeng, an internet entrepreneur and venture capitalist.

 XOX said its subsidiary XOX Media Sdn Bhd had inked an agreement with Wetek, to provide micro-financing to the tune of RM1 billion to its existing 2.2 million subscribers in Malaysia.

 The service will be extended to individuals and small businesses without access to conventional banking and related services by populating XOX's eWallet for usage in the XOX Digital Marketplace.

 It is believed that Leung Hao and Liang Zeng are brokering the deal between the Chinese telecom group and XOX.

slowly and steady better. people are buying xox wont sekali gus makan mah

when thing is real you don't believe, when XOX price up, you said will trap people, when XOX price down you said this stock can not perform, rubbish etc.

Like this no need to invest bursa..better

Liang zeng is one of directors from wetek technology and the vice president of baidu inc listing in nasdaq with market cap USD 42.31 billion a giant company

Baidu inc vice president is on board in wetek technology which will work with xox

Try to think about
Digi with 6.2 billion revenue and it's market cap is 34.8 billion with is 5.6 times

XOX with 0.3 billion revenue but it's market cap only 0.2 billion with is 0.67 times

What XOX must do is just to make profit level as 50% margin for MVNO as we assume profit margin is not so good if compare to MNO like digi hence 5.6 times to divide into half we get 2.8 times.

With this, I assume that 2.8 times x XOX 0.2 billion market cap = 0.56 billion for XOX market cap and I think the fair value should be RM 0.15 x 2.8 = 0.42 cent for XOX

Once xox profit is achieved, RM 0.42 is possible

Remember XOX is one of the free debts company with strong net cash. Growing business increase quarterly company. If you want to company with other recent goreng stocks all are bad. XOX is reflecting the real identity and the New legend is back on right track.

XOX has been controlled by goreng people, but this after major share holder take place, it will not be so easy to be manipulated by goreng kaki. At least, with new investor and kgroup, the control stake will go nearly 50%.

5G is around the corner. I am sure XOX will have a link with 5G trend. XOX is only the one listing companies with affordable such a low price telco company. I can't find any other potential stocks other than XOX.

Bearing in mind that DIGI in 1998-1999 was listing at RM 0.06 cent. No one predicted it has been doing well. Vincent tan berjaya group boss also overlooked DIGI until he regretted to sell DIGI that time.

Those are not certain about the xox business, please go and ask any of of xox phone dealers. They will tell you the number of users are growing rapidly.

One thing good about xox is we can see xox is almost having achievement in becoming a profitable company. That's why major share holder is taking place to ensure this company can continue and operate well. Only serious investor will go with 30% private placement.

But many things that by adding an ordinary shares will lower down the earning per share in fact this one is not important as we deserve no dividend for the time being.

Most importantly xox at least with strong cash position and it's business is growing.

Convention into ordinary shares is nothing. Moreover it does help to strengthen xox financial position. I believe with the adding of conversion fund will increase the current net cash from 28 million to nearly 40 million. After private placement is done with total 60million net cash as of today.

XOX has nothing wrong, it's business is growing especially the phone New user up 70-100%. Xox has been very cheap, when the player wanted to buy, they will pushed down until you sell it to them. Xox now is reflecting the real value. Compare to other Panny stocks they can not compare in terms of its business and coming New launch of business.

Just the beginning.....well done

If you think xox is cheating you then go buy coffin and stay inside. No need to bother what we are saying. Tiu nia sing

Wangchoi168 lu maka chao hai, first time I Fxxx people in this blog for the past 10 years being member.

You really a kind of kindergarten standard. I think you better go working instead of playing shares.

Since you don't like xox, just Fx off from this channel.

Strongly agree with lim soon chai, don't you believe, go and ask XOX sales dealer. Buy or dont buy XOX is your choice.

I heard from sales team to achieve 100k new subscription in July

Ya, In June new phone subscription is around 75k is another new record

XOX is behind other stocks...shit

Where is sardin81? Latest annual report showing potential share holders lari

Those want to sell just sell...no need to say anything...no more news to be updated here. You all go and find your own. I will ignore this xox forum. Goodluck

You have been giving a negative impact to most of the counters at the page in the forum.

Sg999
People are in a sales and acquisition. You don't even know how people are doing sales.

Loss in accounting is a non cash loss. Amortization loss, depreciation loss and impairment loss all these are just an accounting loss in paper. You all must understand all these

Sg999,
Please go and study under icps proposal page, if you did not own xox share and you would not able to receive this. Under icps proposal these have been captured to launch all these.

We went through your comment, mostly you made a negative comment to most of the stocks in KLSE, you are actually creating a fake news and encourage investor sell on panic. You have some attitude problem. Please go and consult a doctor.

Sg999, This is sharing post, we know better than you eat rice. We sourced for info just sharing, if you do not believe please go and check your own and challenge me here.

What lim soon chai said is true

?????

SC has approved 30% private placement for kgroup, I think the 5 stars investor is the same as XOX will acquire kgroup and xox, I guess.

You still don't understand....better you sell XOX, let those are interested to buy.

Google translate below

Masterkevin212 said it was reasonable. We asked CEO Mr Ng the same question at a party. Why operating expenses often cause the company’s accounts to lose money. He said that the development process, including fighting for a larger market, will cause greater losses. Operating expenses, assuming that operating expenses are maintained at a certain level and turnover continues to increase, then revenue will gradually exceed the expenditures and become profitable. xox will launch esim, ewallet and vending machines in the second half of the year, including increasing turnover, hope In the near future, xox will bring a new look. . .

Most importantly, XOX business has been growing rapidly. We want to see company with business expansion, this should be added some credits and we should have reviewed this stock to be more systermatic and hoping the best

With participation of Kgroup - a technology data center provider company + coming up 5 stars investor. XOX can operate even better. In the past, minority shareholders can not control over the company, but with these two substantial shareholder will add a total more than 50% stake. These two substantial shareholder will not let XOX just continue making losses.

XOX price will not go down below 0.055 as recently someone had subscribed PA for for nearly RM 5 Million with 14% and the cost is around RM 0.06

SateMan,

Forget about the price during MCO, Every counter also the same. If you base on the lowest price during MCO you will never get this price at all.

5 stars investor will take up 30% private placement and i only believe if a person is so interested in XOX there must be the reason in doing do.

In 1999 DIGI just started listing in KLSE with only RM 0.06 pershare, when DIGI had achieved increasing of revenue by RM 400 million with profit the price started moving up. The more revenue DIGI can achieve the higher % of profit can be made.

Jejaksaham you are wrong,

Do you know, XOX new subscription is increasing from 20% to 33% every month? and everyday is a new high.

Do you know the high operating cost can be resolved if the new subscription increase every month?
For example
1) Rental of station is a fixed cost
2) Staff salary is a fixed cost
3) Maintenance is a fixed cost

Let's say
If all these fixed cost is RM 15 million per month

What if the new subscribers are increasing every month and the fixed cost per month is still RM 15 million per month or only slightly increase as the minimum base cost for spending all these can be resolved and turn back to profit very fast

My targeted price is always 0.15

This AI vending machine is not something like what we see at the side of the shop, This is something very special and can draw public attention in approaching it.

Not only that, XOX e-wallet can be implemented very fast as xox has more than 2 over million phone users, converting into xox e-wallet for redemption is a very good idea so that everyone will need it and slowly xox e-wallet soon to be widely used.

With these, the xox phone user can redeem some sundries items at the vending machine with the balance data being carried forward and exchange with sundries items and this will encourage the xox phone user continue using xox phone line. This is an advantage for xox phone user can exchange something with data balance.

The most easy way to make money is the advertisement screen. Easily can get the client like branded phone manufacturer iPhone, huawei, novo, etc for 1 to 2 years contract.