The Edge Financial Daily spoke to fund managers and heads of leading research houses on their take on which stocks that are worth watching when bargain-hunting opportunities emerge in the second half of 2015.

The 10 stocks that are highlighted are MyEG Services Bhd ( Financial Dashboard), IHH Healthcare Bhd, Tenaga Nasional Bhd, IOI Corp Bhd ( Financial Dashboard), CCM Duopharma Biotech Bhd ( Financial Dashboard), DiGi.Com Bhd ( Financial Dashboard), Inari Amertron Bhd, Globetronics Technology Bhd ( Financial Dashboard), Barakah Offshore Petroleum Bhd ( Financial Dashboard) and SCH Group Bhd.



Ang Kok Heng
Chief Investment Officer
Phillip Capital Management Sdn Bhd
MyEG Services Bhd

The online renewal of foreign workers’ permit and insurance has enhanced MyEG Services Bhd’s earnings viability.

There is now better clarity and visibility in MyEG’s role in providing the service, and this should serve as an earnings booster to the group, and hence enhances the stock’s attractiveness.

Prime Minister Datuk Seri Najib Razak said in a Parliament seating in June that MyEG, which is responsible for handling the government’s online transactional services, had a projected net profit of RM50 million for its financial year ended June 30, 2015.

For its nine months ended March 31, 2015, MyEG achieved a net profit of RM45.2 million, on revenue of RM96.46 million, mainly contributed by the online renewal of foreign workers’ permit and insurance.

Other catalysts include the launch of its automotive portal MyMotor in June to facilitate online vehicle listings and deals, and the mandatory usage of MyEG’s custom service tax monitoring which was postponed to September 2015 from March 2015.

MyEG (fundamental:2.7; valuation:1.1) was appointed to renew foreign workers’ permit by the government in January this year. On March 23, its shares hit a one-year high of RM3.04.

Its shares closed down 0.37% to RM2.68 last Thursday, for a market capitalisation of RM3.22 billion. In one year, MYEG shares have gained 80.5%. Year-to-date, its shares were up by 28.8%.

Second quarter results should be end of this week. Last year it was on 22 July.

Ooi Teik Bee (13.07.2015): I expect to be around 1.00 if the quarter result to be out in July 2015 is very good.
Thank you.

Please march forward Takaful. Results very soon is on 11.08.2015.

Tomorrow please go up. MYEG can be considered TECH share. Now NASDAQ break new record. MYEG should follow to go up. Only 30 sen to reach RM3.00. Please break RM3.00 for good.

MIDF Research values Ikhmas Jaya at 54 sen.

Inter-Pacific Research Sdn Bhd has placed a fair value of 63 sen on Ikhmas Jaya Group Bhd, implying a 20% discount to Econpile Holdings Bhd (12 times).

JF Apex Research has set a fair value of 70 sen for Ikhmas Jaya.

http://klse.i3investor.com/blogs/kenangaresearch/79971.jsp
Diharap mulai hari Isnin (selepas hari Raya), Myeg akan tiap-tiap hari naik sehingga melepasi paras halangan RM3. If above RM3, no need to sell already. Keep for long term.

Harap hari Isnin selepas cuti Hari Raya Puasa, TAKAFUL akan menjadi aktif semula dan menuju ke RM4 ke atas.

Hevea can perform, no reason Mieco cannot.

Last price : RM1.06
Target price : RM1.18, RM1.24
Support : RM0.75
Stop loss : RM0.745

BUY with a target price of RM1.24 and stop loss at below RM0.745. Based on our last BUY call on 9 Feb 15, MIECO had hit our targets of RM0.615 and RM0.725. Currently, MIECO continues to form higher highs and higher lows on the daily chart. This bullish pattern is supported by positive readings in the RSI accompanied by higher trading volumes. Currently, the DMI shows buying momentum overcoming selling momentum. We peg our new targets at RM1.18 and RM1.24 in the near term.

Expected Timeframe: 2 weeks to 2 months

Source: UOB Kay Hian Research - 10 July 2015

I would like to recommend Mieco to buy, it is worth to buy and hold until the next quarter result is out on 22 August 2015.

KUALA LUMPUR (July 10): Shares of Mieco Chipboard Bhd ( Financial Dashboard) extended gains today, rising to a seven-year high of RM1.01 as talk that the particle board maker may undertake a corporate exercise resumes, which propelled institutional money.

As at 3.51pm, the stock was traded up 4 sen or 4.35% at 96 sen, with 18.63 million shares changing hands. Its market capitalisation has surged to RM212.1 million since June 29, when it was at RM140.7 million.

It was one of the most actively traded stocks today. The counter had earlier rose as much as 9.78% to hit a seven-year high of RM1.01.

Mieco is among chipboard makers which have been enjoying the upward trend in their shares, fueled by a stronger US dollar.

A remisier said institutional funds have been buying into Mieco since June 22.

"They accounted for about 20% of the total volume transacted every day," he told theedgemarkets.com.

The remisier sees the immediate resistance level for Mieco (valuation: 0.9; fundamental: 0.65) at RM1.46.

"Should institutional funds continue to buy into the stock, it is likely to breach the level. However, we see some profit taking activity when the stock hit a high of RM1.01," he added.

A senior research analyst had earlier told theedgemarkets.com that there were takeover talk in the market about Mieco, which could have led to the recent rise in its share price.

However, an official from the company had dismissed the speculation, saying the share price movement was due to market forces.

For the first quarter ended March 31, 2015 (1QFY15), Mieco returned to the black with a net profit of RM3.2 million compared with a net loss of RM3.17 million a year ago. Revenue was up 6% at RM80.28 million, from RM75.75 million in 1QFY14.

TP according to my sifu is 1.60+++

It needs the CSTM to make it break RM3.00 end of September. It takes time. Now go down to 2.66.

This share is suppose to be a very good prospect share but I do not understand why is drops from a high of RM1.08 to only RM0.72. I bought yesterday at RM0.81 but realising it has no energy to go up, so I quickly sell back at RM0.82.

I just realised this MPI has fallen from RM7.14 on 22.05.2015 to RM6.40 today (14.07.2015). Why is this technology stock so bearish? Is it safe to enter tomorrow (15.07.2015)?

Hold until CSTM is started end of September 2015.

http://www.theedgemarkets.com/my/article/ewein-gets-developer-license-rm800m-city-dreams

Demonstrators are gathering in central Athens tonight to protest against fresh austerity measure being imposed on Greece:

Greece debt crisis: Athens offered 'temporary Grexit' if no deal - live updates

The proposal on the table would force Greece to vote through sweeping changes by Wednesday night. Or, it would be offered a ‘temporary Grexit’; an opportunity to restructure its debts.
13/07/2015 03:55

This whole week will be a panic selling week. Queue at RM1.50, RM1.40 and RM1.30.

Demonstrators are gathering in central Athens tonight to protest against fresh austerity measure being imposed on Greece:

The proposal on the table would force Greece to vote through sweeping changes by Wednesday night. Or, it would be offered a ‘temporary Grexit’; an opportunity to restructure its debts.

Greece debt crisis: Athens offered 'temporary Grexit' if no deal - live updates

Official: Tsipras given "mental waterboarding" over reform plans.

Alexis Tsipras was given a very rough ride in his meeting with Tusk, Merkel and Hollande, our Europe editor Ian Traynor reports.

Tsipras was told that Greece will either become an effective “ward” of the eurozone, by agreeing to immediately implement swift reforms this week.

Or, it leaves the euro area and watches its banks collapse.

One official dubbed it “extensive mental waterboarding”, in an attempt to make the Greek PM fall into line.

An unpleasant image, that highlights just how far we have now fallen from those European standards of solidarity and unity.

Alexis Tsipras has just arrived for tonight’s eurozone summit, and told reporters that an agreement could be within reach.

I am here ready for compromise, the Greek PM says.

We owe that to the people of Europe who want Europe united, and not divided.

We can reach an agreement tonight if all parties want it.

Deadlock and lack of trust looms over Brussels, as eurozone leaders gather to discuss the Greek crisis.

Target price given by an influencial remisier is RM0.94. Why can't it break RM0.795? Sell for what? Technology stock!! Breakout price is RM0.78.

Target price given by a influencial remisier is (1.52 + 1.47 + 1.87)/3 = 1.62

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4799513
Bonus/split issues proposal have been submitted to Bursa Securities already for approval. Quite fast and efficient.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4800469
Disposal of PMCB for cash consideration of RM5,000,000.

For two days already, go up to 2.64, then drop back to 2.59.

I think RM0.80 can only be broken on 23 July 2015. Actually today's volume is very high, showing strong bears pressing bulls from going up.

I forecast the Greece deal will get through this Sunday.

Please hold until its second quarter results on 22.07.2015. Mr OTB has indicated that Penta can break new high.

Directors disposing after announcement of bonus/split issues taking advantage of the gap up prices at RM5.30. Those chasing from RM4.85 to RM5.30 now got to wait for the August quarter results to level back.

Bought already 10 lots at RM2.58. Where is Alpha Trader? No one to guide us.

Just bought my first 2 lots at RM4.80.

The effect of KESM test will be reflected in Q4 2015 which will be released in Sept 2015.

Steven: Last price before ex-date divide by 3.

Whichone: http://www.bursamalaysia.com/market (KLCI futures -23 points)

Morivae, I will follow you to queue at RM5.20. All the best!

Fell back to support level of RM3.53 already.

Fell back to pre-bonus/split announcement price already. (RM4.83)

Dear Grace Ly, OTB (Ooi Teik Bee) is a remisier and analyst. We subscribe his articles with a small fees. I have sold all at RM1.94 already. You may find him in VS forum. You may ask for his email to arrange the subscription.

I will follow you all. Queue at RM2.40 tomorrow. Dow Jones future now -193.

Now 0.715, anyone buying?

Cuma risau besok lagi murah. Bukan main-main. Masalah Najib dan krisis Greece.

Still got strong buying force. Now 2.73 already from a low of 2.68. Can reach 2.50 meh?