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Have something to share? Timeline  Be the first to like this.  Be the first to like this. Be the first to like this.  dfsbipohsch https://www.smh.com.au/business/companies/afterpay-soars-above-pandemic-concerns-with-tencent-deal-20200504-p54pkq.html 04/05/2020 7:43 PM dfsbipohsch Afterpay soars above pandemic concerns with Tencent deal By Colin Kruger May 4, 2020 — 5.19pm Afterpay soared above any COVID-19 concerns on Monday with the stock trading just short of record highs on hopes that its new Chinese investor, WeChat owner Tencent, could potentially unlock the path for the buy now, pay later company to expand into new markets, including China. "We believe the big prize is clearly geographic expansion, particularly China , which is obviously a substantial market," said RBC analyst Tim Piper. "It would have been very hard, if not nearly impossible, for Afterpay to enter China without a strategic partner." The stock soared more than 35 per cent when the market opened to a high of $39.59 in reaction to the news Tencent had acquired a $300 million stake on market and both parties talked of the opportunities flowing from the investment. The intraday high was not far short of its record high above the $40 mark in February. Afterpay shares had plummeted to a low of $8 in March as fears about what the pandemic-induced recession would do its business. The company's shares closed the session on Monday 24 per cent higher at $36.10. Afterpay founders Anthony Eisen and Nick Molnar said collaboration and expansion opportunities were on the agenda but cautioned their focus right now remains on the current business. “We remain focussed on growth and momentum in our current markets but expanding into more countries and regions over time is a point that we’ve discussed and is recognised as being an opportunity," said Mr Molnar. Whatever the plans, the Tencent investment underlines the global focus currently on the buy now, pay later sector. Grant Halverson, a financial institution advisor and enterprise capital veteran from McLean Roche, said the sector is now coalescing into a global battle between three behemoths with Mastercard and Visa the notable absentees. "Tencent’s 5 per cent investment in Afterpay Australia sits alongside Ant Financial's (Alibaba/AliPay) investment in Klarna and Bertelsmann’s outright purchase of Afterpay Europe," he said. He also pointed out that both Wechat started offering buy now, pay later services in March this year and Alibaba's AliPay also offers the payment service to customers. Afterpay is not Tencent's only Australian investment. The Shenzhen-based compay also has a stake in Australian start-up Airwallex, as well as stakes in Tesla and Spotify, according to McLean Roche. As Afterpay works out how its collaboration with Tencent will progress, security experts will be watching closely. “I think healthcare data is much more sensitive and potentially useful for espionage activity … but consumer level datasets like this are also helpful,” said Fergus Hanson a director of the Australian Strategic Policy Institute. Afterpay has said Tencent will not have a board seat and normal investor governance protocols will apply. 04/05/2020 7:47 PM dfsbipohsch ASX ends session 74 points higher Westpac's surprise-free half-year result helped the ASX turn an opening fall into a strong gain, despite the spectre of record high unemployment later this year. The S&P/ASX 200 ended Monday's session 1.4 per cent higher at 5319.8, partly repairing Friday's 5 per cent decline. The market was boosted by stronger than expected building approvals, down 4 per cent instead of an expected 15 per cent, and seemed to brush off a halving in the ANZ Job Ads index. The financials sector added the most points, while energy was the only sector to close in red. Within financials, Westpac gained 2.8 per cent to $15.77, ANZ Bank gained 2.5 per cent to $16.15, and NAB gained 2 per cent to $16.46. Commonwealth Bank gained 1.8 per cent to $59.88. Macquarie Bank dropped as much as 3.4 per cent in the morning before closing 0.3 per cent higher at $97.23. Volumes were below average for this year at about $830 million. 04/05/2020 7:49 PM benhctan Just jump in any brand name company that you like and invest. This will be your first step to financial freedom and a big leap to prosperity. 04/05/2013 12:18 PM K.T. Khoh How do I trade Australian stocks? Do i need a CDS (or equivalent) account before I trade? How do i register the CDS account here? thanks 25/03/2015 3:01 PM rizall How do I trade Australian stocks? Do i need a CDS (or equivalent) account before I trade? How do i register the CDS account here? thanks 14/07/2016 5:20 PM Ina_amran What should i look out for while trading in AUD and NZD. Advice please? 23/09/2016 9:25 PM JohnSmithKalk No matter where you invest whether in penny stocks or lithium stocks or anywhere else it is required that you must do complete research about the company you are investing in. Stay updated reading latest stock market news and discussion on various stock market forums. 21/06/2019 8:29 PM Be the first to like this. leslieroycarter ICQ will be given free to Rev in Malaysia at ratio 1 for 1 . Now Rev has been trading more than double its previous price . Ex on 21st April 2017. So punters r eagerly waiting even b4 ex . We expect more activity after ex given that Rev will involve in the setting up of Malaysia online business with Jack Ma... 13/04/2017 12:41 PM leslieroycarter Online buying n selling will b a forte in the future bypassing all conventional type of business. Buying n selling cars can b cheaper compared present practices. 13/04/2017 1:58 PM leslieroycarter Malaysian under Bursa klse who bought Rev shares had been given free ICQ shares one for one recently. I think online buying n selling will b a trend of new marketing n trading in the near future . With further upgrades in the software n Hardware package, its services can b enhanced paving the way of trading in a more condusive way. 06/07/2017 12:19 PM leslieroycarter jack ma said , believe in internet n all things related to internet, e - trading , e -media, e -cars , e- data , e- storage , e- money , e- purse , e- shoppe and all the e's ... 25/09/2017 2:22 PM Posted by JohnSmithKalk at Aug 30, 3:22 PM Crude oil sank significantly in the past as the global demand took a jab from the gloomy economic conditions, which in turn has impacted the ASX-listed energy... Be the first to like this.  ticktock With a 3ct dividend after Ex date, stock is holding up well. "The overcapacity that everybody was so worried about is turning out to be moot because 2013 is shaping up as a record year for steel demand,”according to the chief analyst at Mysteel Research (300226), the Shanghai-based company that provides data to the National Development and Reform Commission. 05/09/2013 7:02 PM ticktock The mining, aviation and energy sectors are set to be the big winners from the Coalition’s election victory?? Will Abbott promise to abolish the carbon and mining taxes?? 08/09/2013 7:02 PM ticktock THE successful $1.4 billion takeover of Aquila Resources by China’s Baosteel and Australia’s Aurizon should serve as a reminder of the upside in Atlas Iron’s Pilbara asset base, Atlas managing director Ken Brinsden says. 02/09/2014 10:57 AM ticktock Baosteel-Aurizon acquisition of Aquila highlighted the potential value in Atlas’s suite of undeveloped iron ore deposits. Atlas’s $600m market capitalisation appeared to reflect only its existing production base of 12 million tonnes a year and ignored the potential of the company to take advantage of the additional 31 million tonnes of port capacity allocated to it at Port Hedland. 02/09/2014 10:59 AM Be the first to like this. Bok Gat Hi, I also noted no dividends for Australia. Love your site and am ok across the US and Singapore, but no data for Australia. Appreciate a response. Kind Regards B 05/09/2017 7:01 PM | APPS  I3 Messenger Individual or Group chat with anyone on I3investor
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