Almost all the countries in this world are printing MONEY. Cost of battling of COVID19 is tremendously high. Countries government has no choice. US prints, Europe prints,.....the rest will follows to print. Pakat pakat printing money is the best choice.
Countries' money & reserve has already used up due to Trade War between US & China. Now, come to COVID 19's War,........money "empty" ady!
If another crisis comes,......It will lead to World War III.
Fund managers still has KPI to meet due from their boss/customer/investor. They are looking for " Good Return Investment" amid COVID 19 outbreaks. Likewise for KWSP.
=> Covid 19 has causing the HUMAN BEING living style, behaviors & activity change
Thus, where is the BEST place to park their billion & billion of monies they are holding,.........Certainly, these IT/AI/Wireless/Internet/Software companies are become their target & focus. The ONLY thing they can do in 2020 & 2021, and beyond,....
The Board of Directors ("Board") of Mlabs Systems Berhad ("Mlabs" or the "Company") wishes to inform that Mlabs Research Sdn. Bhd. (formerly known as Multimedia Research Lab Sdn. Bhd.) ("Mlabs Research"), a wholly-owned subsidiary of the Company, had on 12 May 2020 entered into a Memorandum of Understanding ("MOU") with Cisco International Limited ("Cisco") whereby Mlabs Research will establish a specialised program focused on augmenting the sale of Cisco's collab-webex products progressively based on the milestones agreed by Mlabs Research and Cisco (collectively as "Parties").
Cisco, a company incorporated in California, USA, is a subsidiary of Cisco System Inc, a public listed company on NASDAQ stock exchange with market capitalisation of USD176 billion, the world's leading supplier of computer networking products, systems and services. Cisco is primarily involved in the business of develops, manufactures and sells networking hardware, software, telecommunications equipment and other high-technology services and products.
The MOU shall be effective from 12 May 2020, and shall remain in effect until the earlier of either:
i) the last day of the three (3) successive Cisco's fiscal months following the month in which the MOU is executed; or
ii) written notice of termination of either the MOU or the agreement by one party to the other at the addresses set forth in the MOU, or as specified in writing by the Parties.
The MOU will not have any effect on the share capital and substantial shareholders' shareholdings of Mlabs. The MOU is also not expected to have any material immediate effect on the earnings per share, net assets per share and gearing of the Group for the financial year ending 30 June 2020. However, the Group expects a positive future effect of this MOU.
The MOU being incurred in the ordinary course of business, is not subject to the approval of the shareholders.
None of the directors, major shareholders of Mlabs and/or persons connected to them has any interest, direct or indirect in the MOU.
The Board of Director of Mlabs, having taken into consideration all aspects of the MOU, is of the opinion that the MOU is in the best interest of the Group.
Mlabs Systems Bhd has signed a memorandum of understanding with Cisco International Ltd to distribute Cisco Webex Meeting and Webex Team solutions. The group said that it will also be offering Cisco’s virtual annual general meeting service for listed companies.
Notconfused... how many drama we seen from 10++ cent until this level... too much fake hype la... only one earning quarter is needed rather than these kind of news......
L1988, this time may be different, due to the current situation, more people will start working from home and leverage video conferencing technology. did you manage to average down? i have taken out a lot of my saving to average down from 0.11 to 0.038..
Notconfused... i didnt have much money in BURSA... many years ago bought DNEX... earn then all in MLAB.. haha.. then trap until now.. but i didnt plan to average down la.. let it be... if can go back just bonus for me...
then i wish u can get it at 4cent la.. at least not sitting at paper loss... u can average until 3.8 cent i guess u pump a lot of money again... LOL... me small fry... already write it off from my asset...
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....
Sharelover
201 posts
Posted by Sharelover > 2020-04-17 09:33 | Report Abuse
Mlab is sleeping today?