Well Gpacket is finally selling their broadband service which are losing money and with this they might gain some money back from selling it..
Let check on the Stock Analysis Chart on 24 October 2012
Indicators
1 ) Trendline - above the Uptrend (Bullish)
2) Support/Resistance - formed Higher Low and higher high ( Bullish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Above 70%(Bullish)
1 ) Trendline - above the Uptrend (Bullish)
2) Support/Resistance - formed Higher Low and higher high ( Bullish)
3) MACD -4R1G signal ( Bullish)
4) RSI - Above 70%(Bullish)
5) STO - Bullish Crossover and above 80%(Bullish)
6) Ichimoku - a) Broke Above support cloud (Bullish). b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
Conclusion:
Bullish -
Resistance at 0.68 / 0.7 / 0.72 / 0.735 / 0.755 / 0.78 / 0.815 ( Target bullish Pennant Breakout)
Support at 0.66/ 0.635 / 0.605 / 0.57 / 0.5
Posts
It's news that G Packet selling broadband service.
ReplyDeleteWho's buying?
Thanks
I think some news from the edge
ReplyDeleteWe refer to the news article published in the Edge Financial Daily and Nanyang Siang Pau on Wednesday, 17 October 2012, in particular the following sentences:
Nanyang Siang Pau
“According to sources, there may be a possible general offer for all the shares of Green Packet Berhad”
Green Packet Berhad wishes to inform that as at to-date, the Company has not received any general offers for all the shares of Green Packet Berhad.
Edge Financial Daily
“Green Packet Berhad is looking to exit the broadband service business by selling its entire 61% stake in Packet One Networks (M) Sdn. Bhd (P1)”.
“The Company is said to have received bids to purchase the shareholdings in P1, said executives familiar with the matter”
With regard to the first sentence, Green Packet Berhad wishes to announce it is exploring strategic alternatives for P1 including the possibility of merger, consolidation, to sell a stake and other options to maximize shareholders value. So far, no discussions have commenced nor have definitive terms been discussed or concluded.
With regard to the second sentence, Green Packet Berhad wishes to announce that as at to-date, it has not received any bids from any party to purchase its shareholdings in P1.
In the event that the Company enters into any agreement or transaction that is required to be announced under the Main Market Listing Requirements, the relevant announcements will be promptly made to Bursa.
This announcement is dated 18 October 2012.