testing 0.265, resistant at 0.275

typically pre-Ge, market will seems like "GOOOOOD"

KLSE index open high go low for now, hopefully market can keep up the momentum

MTSSB is a commercial arm of MIMOS Bhd, Malaysia’s national Applied Research and Development Centre and a strategic agency under the Ministry of Science, Technology And Innovation (MOSTI).

In a statement, MYEG said the two parties have entered into a memorandum of understanding to bring next generation Web 3 applications to both government and commercial sectors, and thereby delivering the objectives as set out in the road map.

"This collaboration will accelerate the development, deployment and take-up of blockchain related applications and services in both the public and private sectors.

"As a trading nation, Malaysia, and Malaysian companies, can greatly benefit from use of blockchain applications and services," said MTSSB chief executive officer Faisal Ahmad in the statement.

Zetrix is a Layer 1 blockchain that also serves as the backbone infrastructure and supernodes outside of China that connect to China's national network, Xinghuo Blockchain Infrastructure and Facility.

MYEG group managing director Wong Thean Soon said blockchain enablement of trade would unlock greater opportunities in technological revolution.

"The next generation of the economy is digital and the distributed ledger will be the ubiquitous single source of truth for all commerce," he added.

Shares of MYEG closed 3.43% higher at 90.5 sen on Thursday (Oct 6), giving the group a market capitalisation of RM6.73 billion.

KUALA LUMPUR (Oct 13): Share prices of rubber glove makers stole the limelight on Bursa Malaysia on Thursday (Oct 13), with Hartalega Holdings Bhd’s shares leading the gains in terms of value gains.

When contacted, Malacca Securities head of research Loui Low Ley Yee told The Edge that rotational play kicked in, as investors swapped sectors from technology to rubber gloves, as the market has fully priced in the anticipated downside risk for gloves including acute oversupply and margin compression due to the falling average selling price (ASP) of gloves.

“Because the market has priced in everything (downside risks), any uptick or rebound in ASP, gloves will benefit. Investors have factored in (risks such as) overstretch in valuation and drop in earnings; now perhaps it has [already hit] bottom for the (glove stocks’) earnings and will recover soon.

“In contrast, [the] technology [sector] has more room to drop due to overstretching in valuation. The sector’s earnings are expected to come down, given the layoffs news from the big tech companies, coupled with the US ban on chips sales to China, this could be a repercussion towards the downward cycle of the demand (for semiconductor products) and that worries the market. So, we should be seeing a slowdown in technology companies’ earnings. That is what I am anticipating. So, glove stocks [are a] safer bet to invest in,” Low added.

Low also quoted Malaysian Rubber Glove Manufacturing Association (Margma) as saying that glove supply-demand equilibrium is expected within six- to nine months. To recap, Margma president Dr Supramaniam Shanmugan had last month said the normalisation of equilibrium conditions for gloves supply-demand will occur within six- to nine months, based on the depletion of inventory in the pipeline.

Against this backdrop, Low said investors will have to start positioning themselves for glove stocks, in anticipation of glove counters’ earnings stabilising amid a normalised ASP by then.

When asked if the value of glove stocks has emerged, the head of research said investors will have to wait until the glove companies’ earnings stabilise.

Meanwhile, Rakuten Trade Sdn Bhd vice president of equity research Thong Pak Leng said positive performance of glove stocks was due to technical rebound, after falling significantly this year.

Hartalega closed at its highest in nearly two months at RM1.84, after it rose 11 sen or 6.36%, making it the bourse's fourth largest gainer by value. It earlier hit an intraday high of RM1.89. At RM1.84, it had a market capitalisation of RM6.31 billion.

Hartalega was also the sixth most actively-traded counter of the day, after it saw some 33.52 million shares exchanging hands.

Top Glove, the most actively-traded stock of the day that saw 130.06 million shares done, gained 5.5 sen or 8.66% to close at 69 sen — its highest since Sept 20, when it traded at 71 sen.

It traded between 63.5 sen and 71 sen during Thursday’s session, compared to the closing price of 63.5 sen on Wednesday. Top Glove’s market value stood at RM5.66 billion with the current closing price of 69 sen.

Similarly, Supermax Corp Bhd and Kossan Rubber Industries Bhd — which round up the top four of the rubber glove sector, together with Top Glove and Hartalega — also ended Thursday’s session with positive gains.

Supermax, which was the fourth most actively-traded stock, climbed 6.5 sen or 9.15% higher to settle at 77.5 sen, for a market capitalisation of RM2.11 billion. It saw 36.98 million shares traded.

Kossan Rubber closed up four sen or 3.64% at RM1.14, for a market capitalisation of RM2.92 billion, after 8.25 million shares were traded.

Notwithstanding that, the four glove makers’ share prices have come down significantly from the beginning of this year.

Shares of Top Glove have plummeted 71.13% or RM1.70 from RM2.39 on Jan 3 this year, while Hartalega has lost 67.38% or RM3.80 from RM5.64 at the beginning of the year.

Supermax’s share price has plunged 45.8% or 65 sen from RM1.43 during the same periods, while Kossan has shrunk 38.17% or 72 sen from RM1.86.

In terms of their smaller counterparts, they have also made gains on Thursday.

settle down abit, market may go horizontal for sometime before the next soar

yo arse

All in all, many shareholders and investors of MYEG want to know the rationale of sizeable acquisition as the acquisition of S5H stake piqued a lot of interest. Over the years, the Group has proved itself that it has been able to overcome perception not only having its existing contracts renewed but getting new contracts in Southeast Asia and Southern Asia. Overall, the Group growth story remained compelling, robust and unique driven by its entrepreneurial founder. One thing that haven’t been proved, is its prowess in M&A activities.

The more concerning area is its investment in S5H. Why opt for a backdoor listing instead of direct listing? Unless S5 does not meet the earnings track record for direct listing. What were the reason for deteriorating financials and cashflow of S5 or because of the expiry of contracts or contracts reaching tail end with JIM. If this is the case, is the RM865-900m valuation paid by MYEG reasonable? Notably, S5 has its fair share of other issues including the expiry of contracts or at the tail end, declining financials, legal tussles, resignation of its CEO, timely lodgment of audited accounts etc.

If the valuation for 20% stake in S5H is not justifiable due its issues, is there a plan for MYEG to resell its stake via trade sale or exercise its put option to the vendors of S5H. This is something that MYEG needs to consider avoiding any future write-off or impairment exercise, if any. In a nutshell, price and value aren't always the same same. Don't pay too much especially in a deal that not everyone can understand. This is something that the Company needs to explain to the shareholders.

Happy investing and stay safe :)

S5H is a 20%-owned investment of MyEG Capital Sdn Bhd (“MCSD”), a wholly owned subsidiary of MYEG.

On the other hand, S5H wholly owns its operating unit, S5 Systems Sdn Bhd (“S5”).

MYEG has invested in total RM176.5m, with the last valuation at RM865m in Dec 2021 (the first valuation of 10% was at RM900m valuation in June 2020).

Both acquisitions were not subject to Bursa Securities and shareholders’ approvals as they did not trigger the pre-determined percentage ratio of the Main Market Listing Requirements of Bursa Securities.

It was stated MYEG intends to leverage the relationship with S5H to achieve greater synergies and mutual benefits and expand the company’s footprint in Malaysia as well as strengthen its position as an e-government services provider.

It was disclosed via an article by The Edge dated 23 March 2021, the shareholders of S5H at that point of time were Syed Mohammad Hafiz (76.38%), MCSD (10%), Merrington Assets Ltd (10%) and Avocat Sdn Bhd (3.62%).

It was not made known the actual reason for the acquisition as MYEG typically into organic growth by expanding into new products, services, customers and verticals i.e. health-tech services, blockchain initiatives, global presence and partnership etc.

Interestingly, it has entered a niche e-commerce space via an online platform “Nak Beli” specifically to sell groceries, fresh and frozen food.

Hence, the acquisition of S5H by MYEG was a peculiar one as it does not add value to its current businesses nor strengthen its footprint in Malaysia and giving the Group greater synergies with S5H.

Its strength does not lie in its M&A prowess but its internal expertise and capability to build, operate and own platform and to offer various services from government agencies (i.e. PDRM, JPJ, JIM, JPN etc.) to Malaysian citizens and businesses. Hence, this acquisition indeed raised a red flag.

u believe or not, dance will continue, horse continue to walk, earth continue to spin

buy what u trust, avoid what you dont, simple as that

open market low, slowly climb back up

how is the arab oil brother and US doing now ?

congrats those who patient and park their money here

when egg rise, usually is market bad time hahahaha

i thought eggs is going to shine hahahaha

We have seen about 20% drop in share price in the past few weeks, so the question now is, does Hibiscus still have potential to go up?

​Due to the hike in interest rate that causes Brent Oil price to drop, with addition to the current KLSE selloffs, Hibiscus is one of the stocks that has received a huge beating. Uncertainties, worries of recessions, possible lower demand for commodities, China lockdown, undoubtedly Hibiscus won't be able to survive on its previous support line.

Hasnul, 65, is also a former deputy director general of the Public Works Department, and former director general of the Water Supply Department.

Hasnul studied in the UK and holds a PhD in civil engineering from Heriot-Watt University, masters of science in public health and environmental control engineering from Strathclyde University and bachelor of science in civil engineering from University College Swansea.

Cypark's share price settled 1.41% or half a sen higher at 36 sen on Tuesday (June 7), bringing a market capitalisation of RM211.74 million.

Source: TheEdge - 8 Jun 2022

KUALA LUMPUR (June 7): Former National Water Services Commission (SPAN) commissioner Datuk Dr Hasnul Mohamad Salleh has been appointed as an independent and non-executive director of Cypark Resources Bhd.

In a bourse filing, Cypark said Hasnul served as a commissioner of SPAN for two years until September 2019 and had a hand in the restructuring of the water industry in Malaysia.

1.33 woohoo

chicken chicken egg egg

after so many years, finally 扬眉吐气

Looking to FY23, Lay Hong said its challenge will continue to be cost containment in view of high raw material prices due to the ongoing pandemic and disrupted supply chain as a result of the Russia-Ukraine conflict.

"In addition, prices for corn and soya bean meal which account for 70% of input costs will be adversely affected [by] the strengthening US dollar," it said, also noting that the government subsidies which buoyed the group are coming to an end on June 5, 2022.

Shares in Lay Hong settled half a sen or 2.13% lower at 23 sen, giving the group a market capitalisation of RM166.73 million.

brent above 100 noice

anyway even if you dont get to sell tke profit it's fine, inari is good to hold

wow nice recover from 2.7

gonna wait for next up signal

lucky take profit before the fall

HY losing power?

stop bullsheat around different counters with your joker comments and standard 1 english level hahaha

bullsheet globalview boss makan minum play happy because they properly do business and earn money, SOMETHING YOU DONT HAVE

ohhhh another joker "entire msia market delisting soon"

jinova 546 your red ?? let alone the word you used "biggest", where's the red ?

pccs go go go

director oso subscribe RI, dont come out with your bird brain with some ignorant comments :) jgn malukan yourself

right issue to director pocket ?? Loh Kah Wa you newbie ???

result good but price havent move yet, lol

is this chance ?

Support is forming, construction index havent move much yet, this is chance

slowly climb, slow and steady

Executive director Datuk Sri Chin Kok Foong said construction remains the sole contributor to the company's revenue.

He said the low market sentiments still impacted the property development division amidst the spread of the Covid-19 Omicron variant.


"However, we are confident that proactive measures undertaken in the trading of building materials and the reopening of the economy will drive recovery for our property development business," he said in a statement yesterday.

Ageson's net profit increased by 45.5 per cent to RM34.5 million in the first nine months (9M) of FY22, up from RM23.7 million the previous year.

The strong performance was in line with the company's revenue, which jumped by 106.2 per cent to RM237.1 million in the 9M FY22 compared to RM115.0 million in the 9M FY21.

KUALA LUMPUR: Main market-listed Ageson Bhd has maintained its growth momentum in the third quarter (Q3) financial year ending 30 June 2022 (FY22) with a net profit increase of 41.8 per cent year-on-year (YoY) to RM8.8 million from RM6.2 million in the previous quarter.

The quarter's revenue doubled to RM103.9 million from RM48.8 million in Q3 FY21, owing to higher billing from the building materials business.

Tbh Bossku era was the best era for stock market

The come back of bossku?

slowly climb, slow and steady

nice performance Inari

target rm12

neeed monitor, if got BIG KAKI enter, and fly another wave

whats the point of ask why drop why no up why this why that, until one day the price go up, and SUDDENLT quiet? :) trust what you buy, dont buy what you dont trust

when you are listed, price will not 100% be on your control, this is basic

pls today is an up day sir

https://klse.i3investor.com/web/blog/detail/sinchew_company_story/2022...

（吉隆坡17日讯）受到疫情后需求激增、多年投资不足和来自环境、社会与企业监管（ESG）相关课题，及制裁俄罗斯原油等结构问题影响，国际原油提炼赚幅处高位，分析员点出，国内聚焦下游提炼业务的油气公司料可因此受惠，维持油气领域“增持”投资评级。

浮现短线交易机会
丰隆研究分析员今日在报告中披露，在观察布兰特原油裂解差价（Brent crack spreadprices）走势后，发现提炼赚幅目前处于新高区间水平，相信涉及下游提炼业务的恒源（HENGYUAN,4324,主板能源组）及PETRON大马（PETRONM,3042,主板能源组）料能从中受惠，短线交易机会浮现。

“原油相关产品赚幅激升，或与长久存在的领域结构问题有很大的关系，这包括（一）疫情后需求攀升、（二）多年投资不足及ESG课题造成供应短缺，及（三）俄罗斯原油遭制裁，这些结构课题并非短期内可解决。”

根据价差合约与金融交易服务商OANDA平台，所谓的裂解是来指将原油精炼成石油产品的过程。对于买进原油，并且精炼、销售汽油等石油产品的石油企业，最关切是利用提炼石油的利润确保稳定收益。

因此，针对原油与各种石油产品价格之间的价差进行避险，才是石油企业在风险管理上至关重要的事，像这种透过原油与石油产品之间的价差进行避险的行为就称作“裂解价差交易”。

分析员指出，一般而言原油价格及提炼产品价格是齐头并进，并且几乎对称移动，不过现在这传统的趋势却被打破，这可从先前提及的3大发现看出端倪。

“首先是市场对下游产品的需求强劲回弹，我们相信这主要是大部份国家历经两年锁国后重开国门及经济后，大幅带动需求弹升，而调查显示需求激增耗尽全球原油库存，目前跌至5年新低。”