Most of the market leaders are rising this years in China, in...

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zxcv1234

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17/11/17

22:16

Post #: 28908623
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Originally posted by jamestown1 ↑

Found this article today!! This for me actually highlights a MUCH bigger potential revenue opportunity for NOV!!

I find it mind blowing that NOV has dealings with both WePay and AliPay!! Granted at the moment it’s only The Australian based operations that NOV clips, but having just placed $10 mil to a Chinese investor, I would say NOV would be eyeing off a deal of some sort within the Chinese operations. Just a guess, but that would be just about the biggest deal announced by as ASX stock!!

1 billion mobile phones!!

Snippet from article:

Global giant reports revenue growth like a small cap

Take a look at China. A major tech company over there is called Tencent. Its quarterly revenue growth has come in at 61%. That’s the fastest it's been since 2010.

Its market cap is now around US$477 billion. That’s over three times the size of Australia’s largest company, the Commonwealth Bank.

There’s about a billion mobile phones in China. Tencent’s WeChat is practically on all of them. Fellow Chinese tech giant Alibaba reported results just as impressive.

If there’s a slowdown in China, it’s certainly not showing up here. It doesn't appear to be showing up anywhere else either.

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Most of the market leaders are rising this years in China, in particular guizhoumaotai(600519) is almost 700 RMB now! It's those st(yet to make a profit stock) that dragged the Chinese index along with oil shares! It's not easy to see a slow down as long as internet companies are making records!

Last edited by zxcv1234: 17/11/17

NOV Price at posting: 40.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.2¢		Change -0.005(8.77%)		Mkt cap ! $18.49M

Open	High	Low	Value	Volume
5.4¢	5.7¢	5.2¢	$11.16K	211.8K

Buyers (Bids)

No.	Vol.	Price($)
1	134999	5.2¢

Sellers (Offers)

Price($)	Vol.	No.
5.4¢	20	1

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No.	Vol.	Price($)
1	134999	0.052
1	25000	0.051
5	85000	0.050
2	299167	0.048
2	32000	0.045

Price($)	Vol.	No.
0.054	20	1
0.055	236	1
0.060	5000	1
0.063	27000	1
0.064	10000	1

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Most of the market leaders are rising this years in China, in...

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Most of the market leaders are rising this years in China, in...

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