XOX- Positive news news flow from China parties paved by a new Hong Kong investor with links to Li Ka Shing has push share price briefly above RM0.30 last week. This momentum will take share price to new 52-week high as Daniel Tan(the Hongkie) just mopped up more shares from the market last fri bringing his stake to 8.06%. This confidence in further increasing his stake is a prelude to the actual signing of a push to provide 5G services in Malaysia.
The confidence is XOX is also shared by Anzo' Datuk Chai Woon Chet (who also recently became a major shareholder in Overseas) who announced on Bursa he bacame a major shareholder with 5.35% stake in XOX.
Follow the smart money and you will always be right
https://klse.i3investor.com/blogs/alpha_return_hedge/2020-08-09-story-h1511616160-XOX_Momentum_is_set_to_breach_the_52_week_high.jsp
