Selected Stock Hot News: REDtone to launch Chinese-centric IPTV service ‘DETV’

Thursday, January 21, 2010

REDtone to launch Chinese-centric IPTV service ‘DETV’

Written by Cindy Yeap
Thursday, 21 January 2010 14:35

KUALA LUMPUR REDTONE INTERNATIONAL BHD [] is set to launch Malaysia’s first Chinese-centric Internet-based TV early next week with 27 channels, in-line with its bid to generate more revenue from services other than discounted voice.

The service, dubbed DETV, is marketing itself as “a smart and revolutionary way” of watching one’s favourite Chinese entertainment programmes from Malaysia, Singapore, Taiwan, Hong Kong and China, without having to first download the content, legally or otherwise.

“All you need is a broadband connection with 1 Mbps and a TV set. TV programs with superior quality will be transmitted directly to you through the Internet by just clicking the remote control that comes with y our DETV Internet home gateway. No computer is needed… You can bring your DETV box to anywhere you wish in Malaysia, as long as you have an internet service for your DETV service (should you move house),” according to data from the DETV website.

The service is also expected to compliment REDtone’s WiMAX-based wireless broadband offering that’s currently available in Sabah and Sarawak. REDtone, which has asked for licence to also offer WiMAX services in the Peninsular, also sells mobile phone services targeting the Chinese community as well as SMEs, riding on Celcom (M) Bhd’s network.

DETV’s current portfolio of 27 channels include China’s CCTV4, CCTV9, CCTV Entertainment, CCTV Traditional Operas Channel as well as provincial channels such as Beijing BTV, Zhejiang International Channel and Fujian Straits TV.

Others include the China Movie Channel, TVS (Southern Television), Chongqing TV International Channel, China Yellow River TV, JSBC International Channel, Taiwan’s DiMoTV, Taiwan MAC TV, Da Ai Channel, Sun TV, Hakka TV, Golden Eagle and Dragon TV.

It also carries Channel NewsAsia, AlJazeera English, AlJazeera Arabic, Bloomberg TV, Arirang TV that are already available in Malaysia as well as Malaysia’s five free-to-air terrestrial channels RTM1, RTM2, TV3, NTV7 and 8TV.

Its entry packages starts at RM39.90 a month, while its premium Great Wall Plus package with all channels is sold at RM79.90 a month. The premium package is currently available at RM60 a month during the promotional period, its website said.

It is charging RM100 refundable deposit per set up box (usual RM400) with no contract but customers will need to pay a non-refundable three months advance subscription fee. There is also a RM10 basic fee.

DETV is managed by REDtone’s wholly-owned subsidiary DE Multimedia Sdn Bhd.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Distribution and Accumulation

At the top and bottom of market moves price activity slows and briefly shows a consolidation or broadening pattern.

At market tops this is a distribution pattern. Canny traders sell stock at high prices to less skilled market participants. They distribute their holdings.

At market bottoms these same canny traders accumulate stock from sellers who have given up in disgust.

These patterns are not sudden. They develop slowly, keeping prices within a temporary trading band on steady volume. When these patterns coincide with GMMA crossover points in two time frames we get additional confirmation of a major trend change.

A Personal Million Dollar Story I Don't Mind Sharing

Taken from Talk and Share

A Personal Million Dollar Story I Don't Mind Sharing

I aspire to be a millionaire!. Yes.. a millionaire. But then who doesn't?

Way back in June 2006, I started planning my route to a millionaire's club. Way back then, I did not know whether I was an investor or a trader. This seems to be the first question a newbie has to response when chatting for the first time in the talkandshare.com. Now I know I am a trader because I despise tying up my money in the stock market if it is not "growing" daily.

I began trading/investing going against two "don't" in stock market. Firstly, I used an overdraft facility of RM200,000. But at any one time I did not exceed RM180,000 so that when the monthly interest was added to the account, it did not exceed the limit. Secondly, I traded/invested in warrants only, and only one warrant at a time.

In late November 2006, with the Bursa CI trending upwards plus a little knowledge in Fundamental Analysis and almost zero in Technical Analysis, I bought 1,050,000 units of TA-WB @ 14 sen/unit and started planning on my PDA what to do when I gained RM1,000,000. Hmm.. I am a normal human being. Before I slept each night, I would check and revise the plan. Many a times, I raised the target price because I needed more than a million to fulfill my immediate needs as a new millionaire.

Every trading day I started work at my workstation at 8.30 am, took a break from 12.30 pm to 2.30 pm, and stayed back until market closed at 5.00 pm monitoring my million-dollar-to-be TA-WB. I chose TA-WB because of TA Enterprise's solid fundamental. Furthermore, there were share buybacks at that time by none other than the spouse of the Executive Chairman of the Company. "When Datin bought back mother shares, the company must be going for the better", I reasoned. When the price reached 19 sen I told my wife I made a paper profit of RM50,000. She begged me to take profit. "RM50,000 is a lot of money", she said. I told her my target was RM1,000,000.

The price kept creeping up. It reached 21 sen. I was happy and excited. Then the price started falling. "Its ok for the price to oscillate as long as its overall trend is up", I told myself. Gone were my happiness and excitement. When the price came down to 15 sen, I panicked. Sell or hold, sell or hold I asked myself. Finally I sold @ 13.5 sen. I lost RM6,800. Not only that, the interest on the overdraft kept adding up, RM1,200 a month. Later I found out that the price I sold was the lowest that day. It closed @ 15 sen.

I was not to be beaten. I believe that during a bull market it is not that difficult to gain from stock market. I believe that it is a matter of choice and timing. I scrutinized all the warrants available, checked their exercise price and expiry date, and the health of their mother shares. During the second week of January 2007, I entered the market again. This time I purchased 1,020,000 units of Asiaep-WA @ 13 sen/unit. With the TA-WB experience still fresh in my mind, I disposed all of them @ 22.5 sen the following week with a gain of RM94,900. Not bad, I told myself. If I could repeat it ten times I would achieve my target.

Late January 2007, I bought TA-WB again. This time 700,000 units @ 24 sen/unit. The next day the price of TA-WB refused to rise, so I sold @ 23.5 sen. Again I lost, this time RM5,370. I had no luck with TA-WB although I believed that TA Enterprise Berhad was a strong and profitable company with diversified business. I immediately bought Ancom-WA the same day, 350,000 units @ 22.5 sen/unit. This time I was lucky again. The warrant price gained the next day with high volume, and I sold all @ 31.5 with a profit of RM30,683.

By then the Chinese New Year was fast approaching with a two-day break, 19-20 February 2007. I was contemplating whether to buy and hold over the two-day break or to buy after the new year when daily volume on Bursa started to increase. Not to miss the bull market, I finally decided to buy and hold. So on 14 February 2007, I purchased 1,200,000 units of Insas-WA @ 17 sen/unit. It closed @ 20 sen. The next day it opened @ 21 sen, went up to 24 sen but closed @ 21 sen. On the last day before the break, it opened @21.5 sen and went up to close @ 28 sen. I smiled to myself, happy that I had made a good decision.

Come 21 February 2007 after the Chinese New Year break, Insas-WA opened gap-up @ 30.5 sen and went up all the way to close @ 53 sen. I was ecstatic at the paper gain of RM427,500. The following morning it went up to 58 sen before it succumbed to selling pressure and closed the day at 47.5 sen. I did not sell, hoping for it to go up further. The next day it opened at 47.5 sen and went down to 40 sen before closing at 43 sen. I sold the following day @ 43 sen with a gain of RM308,000.

On 27 February 2007, Bursa CI experienced a sharp drop. I then decided to take a break and went to Singapore for a holiday.

Looking back, TA-WB reached a high of RM1.21 before the sharp drop. Had I held to 1,050,000 units of TA-WB I bought in November 2006 and sold @ above RM1.15, I would have achieved my target of gaining RM1,000,000! Sigh.

38 Steps To Become A Successful Trader

I find that the following steps are true.
Credits: This article was originally posted by SK in HILT.

01 We accumulate trading information - buying books, going to seminars and researching.
02 We begin to trade with our 'new' knowledge.
03 We consistently 'donate' and then realize we may need more knowledge or information.
04 We accumulate more information.
05 We switch the commodities we are currently following.
06 We go back into the market and trade with our 'updated' knowledge.
07 We get 'beat up' again and begin to lose some of our confidence. Fear starts setting in.
08 We start to listen to 'outside news' & other traders.
09 We go back into the market and continue to donate.
10 We switch commodities again.
11 We search for more trading information.
12 We go back into the market and continue to donate.
13 We get 'overconfident' & market humbles us.
14 We start to understand that trading successfully is going to take more time and more knowledge then we anticipated. Note: Many traders will give up at this point as they realize work is involved.
15 We get serious and start concentrating on learning a 'real' methodology.
16 We trade our methodology with some success, but realize that something is missing.
17 We begin to understand the need for having rules to apply our methodology.
18 We take a sabbatical from trading to develop and research our trading rules.
19 We start trading again, this time with rules and find some success, but overall we still hesitate when it comes time to execute.
20 We add, subtract and modify rules as we see a need to be more proficient with our rules.
21 We go back into the market and continue to donate.
22 We start to take responsibility for our trading results as we understand that our success is in us, not the trade methodology.
23 We continue to trade and become more proficient with our methodology and our rules.
24 As we trade we still have a tendency to violate our rules and our results are erratic. We know we are close.
25 We go back and research our rules.
26 We build the confidence in our rules and go back into the market and trade.
27 Our trading results are getting better, but we are still hesitating in executing our rules.
28 We now see the importance of following our rules as we see the results of our trades when we don't follow them.
29 We begin to see that our lack of success is within us (a lack of discipline in following the rules because of some kind of fear) and we begin to work on knowing ourselves better.
30 We continue to trade and the market teaches us more and more about ourselves.
31 We master our methodology and trading rules.
32 We begin to consistently make money.
33 We begin to consistently make money.
34 We get a little overconfident and the market humbles us.
35 We continue to learn our lessons.
36 We stop thinking and allow our rules to trade for us (trading becomes boring, but successful) and our trading account continues to grow as we increase our contract size.
37 We are making more money then we ever dreamed to be possible.
38 We go on with our lives and accomplish many of the goals we have always dreamed of.

Selected Stock Hot News

Reflections on Volume

Thursday, January 21, 2010

REDtone to launch Chinese-centric IPTV service ‘DETV’

No comments:

Post a Comment

Grandma's Trading Reference

"sel on streng buy whn weak"-yy

"Its a matter of Choice and Timing"

trade with the trend

Real traders don't care which direction the market is moving

Distribution and Accumulation

Daily Scan

Traders' Reference

General

Labels

My Favourite Trading Blog

A Personal Million Dollar Story I Don't Mind Sharing

38 Steps To Become A Successful Trader

Followers

FEEDJIT Live Traffic Feed

Blog Archive