NETX IS AN IDEA WHOSE TIME HAS COME, Calvin Tan Author: calvintaneng Publish date: Mon, 9 Nov 2020, 12:08 AM Close NETX IS AN IDEA WHOSE TIME HAS COME
NETX IS A NEW TECH STOCK
What is new tech?
Example grab taxi
I took a grab taxi not long ago in Singapore
I asked the grab driver who only drove part time in Spore
"How much do you make driving grab taxi a month?"
He replied, "About S$10,000 a month. And that only part time"
Wow! That means
S$10,000 x 3.1 = Rm31,000 a month in ringgit
Not bad at all
NOW LISTEN LISTEN LISTEN!!
Last time old type taxi driver could hardly make ends meet before new tech arrives
Why?
Answer:
1) They must use a Company Car from Registered Taxi Co or buy one and used as Taxi
Very bad as when Taxi is sold as second car it has no value because on Registration card that Number plate got Hw or Hire W
And every one avoid buying a Taxi
A grab car has a private reg number so it maintains its value
2) A normal taxi plies the road looking for passenger so he wastes alot of time searching high and low, searching from street to street; searching everywhere wasting much time
A grab does not go find passenger. Passenger calls for him. So he saves lots of time. And also distance as grab responds to those nearest
3) By not cruising and looking for passengers with empty car he could just stop the car and wait. THIS SAVES LOTS OF PETROL PLUS WEAR & TEAR
SO LOTS OF TIME IS SAVED AS WELL AS MONEY
PLUS VERY PRODUCTIVE AS CERTAIN GRAB CARS CAN PICK UP MORE THAN TWO OR THREE PASSENGERS THROUGH APPS
SEE
INSTEAD OF MAKING S$2,000 FOR NORMAL TAXI GRAB NEW TECH IS MAKING RM10,000 OR 500% MORE!!
SINGAPORE: Technology stocks, the lack of which has made Singapore one of Asia’s worst markets this year, are slowly starting to win more clout in the city-state.
The South-East Asian market has had three distinct developments to show for it, all within a span of a month or so. Put together, companies tied to these moves have a market value of more than US$95bil, according to data compiled by Bloomberg.
A change in MSCI Inc’s rules has potentially paved the way for Internet giant Sea Ltd’s entry into the MSCI Singapore Index.
Data centre operator Keppel DC REIT has become the third tech company to be a part of the nation’s benchmark Straits Times Index, joining electronics contract manufacturer Venture Corp and high-tech building owner Mapletree Industrial Trust.
Smartphone solutions provider Nanofilm Technologies International Ltd went public in Singapore’s largest primary listing since 2017 excluding real estate investment trusts.
To add to that, Singapore’s government is rolling out the red carpet for top talent in the technology sector.
Earlier this month, it launched a programme to initially attract 500 individuals with a proven track record of contributing to the global technology ecosystem.
The changes have come as the absence of technology stocks – which have proved to be investor darlings globally in the Covid-19 era – has been a key factor keeping Singapore’s benchmark gauge from recouping the losses suffered during March’s market meltdown.
The Straits Times Index is down more than 11% for the year, even as the regional MSCI Asia Pacific Index is up almost 13%.
Meanwhile, the US-listed shares of Singapore-headquartered Sea have more than quadrupled in 2020.
“Index providers are probably hoping that tech additions will start reflecting the global economy and help cut Singapore’s underperformance, ” Brian Freitas, a New Zealand-based analyst at Smartkarma, said by phone.
“It will improve Singapore’s visibility in global markets among both passive and active investors.”
Earlier this month, index provider MSCI announced that foreign listings will become eligible for addition in its Singapore gauge starting from May 2021. That could mean Sea’s inclusion in the measure, according to some investors and analysts.
Sea could command the biggest weighting in the MSCI Singapore Index, Freitas said.
Passive funds tracking the benchmark will have to buy shares worth about US$2.8bil in the case of the inclusion, he added.
Sea now has a market value of US$90.2bil, compared with about US$49bil for DBS Group Holdings Ltd, Singapore’s biggest stock.
That said, the above developments in Singapore’s technology space are coming when positive vaccine results are starting to stall the sector’s eye-popping equity rally, as investors shift into shares depressed by the economic impact of pandemic and subsequent lockdowns.
Sea’s inclusion in MSCI’s gauge will be “a step in the right direction, ” but not a final solution, said Alan Richardson, a fund manager at Samsung Asset Management in Hong Kong.
“The solution is having a pipeline of similarly sized tech-related stocks listed on the exchange so they can be represented in benchmark indices.”
In a bid to attract new offerings, Singapore’s stock exchange extended its partnership with Nasdaq Inc. earlier this year, making documentation easier for firms seeking a second listing in the city-state.
“We do expect to see more tech listings coming to SGX in the near future, which is a reflection of the newer generation of companies stemming from Singapore and in particular Southeast Asia, ” Emelia Tan, a research analyst at Singapore Exchange Ltd, said in an emailed interview. — Bloomberg
ZURICH: A Credit Suisse Group global property fund will wind down against the backdrop of low trading volume and a discount of more than 20% to underlying assets due to market corrections triggered by the Covid-19 pandemic, the Swiss bank said.
“The fund management company has decided to liquidate the Credit Suisse Real Estate Fund Global, partly because of the trading discount that has arisen on the stock market, ” it said.
The properties held by the real estate fund are to be transferred to the Credit Suisse Real Estate Fund International in the first half of 2021, and the liquidation proceeds will be paid out to the investors, according to the bank.
Trading in the fund units on the SIX Swiss Exchange has been suspended with immediate effect, and the units are being delisted, the statement added. — Reuters
0020 NETX NETX HOLDINGS BHDNotice of Interest Sub. S-hldr (Section 137 of CA 2016)Particulars of ShareholderName:CREDIT SUISSE AG, DUBLIN BRANCHNRIC/Passport No./Company No.:907656Nationality/Country of Incorporation:IrelandAddress:Kilmore House, Park Lane, Spencer Dock, Dublin 1, Ireland IrelandDescriptions (Class and Nominal Value):Ordinary SharesName and Address of Registered Holder:You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Details of ChangesDate of Notice:24/11/2020Transactions:No.DateTransaction TypeNo of SharesPrice (RM)1.24/11/2020Acquired29,530,000-Circumstances by reason of which change has occurred:Acquisition of 29,530,000 shares on 24 November 2020. Credit Suisse AG, Dublin Branch has direct interests, given it has the right to rehypothecate the shares belonging to its clients' holdings. Nature of Interest:Direct InterestConsideration:
No of Shares Held After Changes:Direct:52,470,000 shares (6.2800%)Total:52,470,000 sharesRemarks:You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com Submitted By: 26/11/2020 07:00 AM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Victor Yong
8,271 posts
Posted by Victor Yong > 2020-12-01 08:34 | Report Abuse
Xmas gift b4 dec 25? Wait n see :p