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2020-04-22 12:47 | Report Abuse
https://www.afr.com/politics/federal/why-scott-morrison-called-virgin-s-bluff-20200421-p54lny
Why Scott Morrison called Virgin's bluff
The government's line in the sand has sent an unmistakable message to other businesses to back off.
"The Coalition government's refusal to bail out Virgin Australia sends a clear message to other large businesses not to come begging for taxpayer money.
The government is aware that if Virgin were rescued by Canberra, it would be a green light for other under-siege businesses to lobby for multibillion-dollar bailouts.
Struggling universities, major airports, toll roads and media companies will be watching the Virgin scenario closely to gauge their chances of receiving government support.
By holding the line, Scott Morrison, Josh Frydenberg and Mathias Cormann have sent an unmistakable message to other businesses to back off.
The hard line also recognises that some industries will be permanently damaged by the coronavirus economic crisis, so throwing good taxpayer money after struggling businesses will not be a wise investment."
AA...Asking Apa?
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2020-03-12 11:42 | Report Abuse
Indonesia is well ahead in boosting the economy.
https://www.bloomberg.com/amp/news/articles/2020-03-02/short-selling-banned-in-indonesia-stocks-on-brink-of-bear-market
The Indonesia Stock Exchange banned short selling in stocks after the coronavirus outbreak pushed the nation’s equities to the cusp of a bear market.
Malaysia's turn to look into it soon
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2020-03-12 11:34 | Report Abuse
Digital providers especially on everyday government services (MYEG serving Malaysia and other countries with high population etc.) will benefit from Coronavirus even more as more transactions recorded due to people having fear of going out with higher volumes, revenues and profits. Logically, that is the ease of doing transactions electronically which ensures the reduction in health risks.
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2020-03-11 15:37 | Report Abuse
GST reinstatement is better for consumers, lower rate and abolish SST
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2020-02-28 11:28 | Report Abuse
The market is irrational. Rational investors and traders know what to do now looking ahead. Buying opportunities galore!
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2020-02-26 17:27 | Report Abuse
Agreed Hotstuff, the opposite will happen, since Dsonic limit down then Myeg will limit up tomorrow. Tun M mentioned that he wants merit based government for the people's interest. Hence, since Myeg's services have already been established for a long time, it will definitely continue. Any change to the system will encounter huge costs which will not be the priority of the new government. Hence Myeg is intact! It will limit up
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2020-02-06 17:25 | Report Abuse
"Our last assigned target price was RM1.10, by ascribing to a higher target PER of 20.0x (from 17.0x) to CGB’s unchanged FY20 EPS of 5.6 sen. The increased target PER is in-line with the recent increase in peers’ valuation following expectations of increased demand for gloves worldwide.
Source: Mplus Research - 6 Feb 2020"
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2019-10-29 23:11 | Report Abuse
Only pessimists of facts do U-turns, facts don't lie:
http://myeg.irplc.com/new-announcement.htm?NewsID=201810195000003&Symbol=0138
http://myeg.irplc.com/new-announcement.htm?NewsID=201810195000005&Symbol=0138
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2019-10-29 23:04 | Report Abuse
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2019-10-29 22:19 | Report Abuse
According to the weekly TA chart which is obvious, as price goes down, volume decreases. I suppose a Bullish Divergence ?
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2019-10-29 19:21 | Report Abuse
https://www.theedgemarkets.com/article/cover-story-more-one-route-car-ownership
"Government e-service provider My EG Services Bhd (MyEG), for instance, provides a service called SmartLease on its MyMotor online platform."
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2019-10-29 15:58 | Report Abuse
https://i.malaysiakini.com/1325/51bab838232cf458c3b368b0e3c3ec1d.png
People should be more aware about Datasonic and charges linked to DSONIC. It has nothing to do with MYEG.
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2019-10-18 09:02 | Report Abuse
Myeg can easily be the nominated company with good data protection track record processing so many e-government transactions etc. to replace all those terminated companies with bad data protection
https://www.thestar.com.my/news/nation/2019/10/18/more-byte-needed-in-data-protection
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2019-10-18 02:52 | Report Abuse
@ apolloang The question is, who can collect so much shares from the high volume selling?
One team of pessimistic big investors/syndicates/institutions selling to another big team of optimistic investors/syndicates/institutions?
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2019-10-18 01:39 | Report Abuse
The question here is, who has/have been collecting millions of shares the past few months, days and today too?
Past few weeks and months, millions of shares were collected from 1.3x up till 1.8x
Facts from volumes traded:
15/10 Tuesday alone, almost a total of 16 million shares collected between 1.42-1.43
16/10 Wednesday alone, almost a total of 20 million shares collected between 1.40-1.41
17/10 Thursday almost a total of 25 million shares collected at 1.35-1.39
Almost a total of 14 million shares collected between 1.32-1.33
Almost a total of 9 million shares collected at 1.27-1.29
Almost a total of 5 million shares collected at 1.25
It is great to have panic retailers selling to these huge institutional collectors, syndicates, investors with deep pockets who have not yet collected enough at lower prices (which they crave for and want depressed prices badly). Can smart retailers collect that much shares with high volumes? Who would want to collect that much shares at such high volumes at low prices without thinking of selling them at much higher prices especially when the price spikes greatly on impending project / contract awards which we retailers don't know about but insiders do?
Food For Thought
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2019-10-17 19:26 | Report Abuse
Myeg looks to the future on diversification even if this is old news. Their goals are very clear for the future.
https://themalaysianreserve.com/2019/07/24/myeg-gains-on-diversification/
Certain quarters want to push down the price and get it cheaper as they know the potential of this business. Smart retailers will look into this discounted price opportunity for bigger gains.
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2019-10-17 18:33 | Report Abuse
Those panickers are delusional and think that Myeg only renews foreign workers permits. They couldn't see that Myeg has diversified into many other areas eg. E-Wallet, Road Tax Renewal seeing increasing vehicles everyday, recent vested interests in China Tech companies etc.
I strongly believe that Myeg can be the new company (due to current vast experience in handling permits and road tax renewals; so far all citizen's data are protected with good track record) appointed by the government to replace Nuemera which was terminated by MCMC due to data leak.
https://m.malaysiakini.com/news/495850
There is every opportunity to take in pessimism. Stock market is a place where counter psychology operates. Be greedy when others are fearful.
Look at their bigger picture and read between the lines especially the last few sentences:
"MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is primarily engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers’ licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. The company also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services."
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2018-01-10 11:50 | Report Abuse
Target 0.55-0.75. Year high was 0.92. After quarterly results (expect positive) are out should be close to 0.75. Now jerungs collecting. Consolidation, then flag formation breakout soon.
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2018-01-10 08:48 | Report Abuse
https://oilprice.com/Energy/Oil-Prices/The-Worlds-Most-Expensive-Oil.html
"Taking into consideration the above-mentioned facts, you might be amazed to discover that the world’s most expensive oil is Malaysian.
Tapis, the Malaysian crude benchmark traded in Singapore, has for a long time held the title of the world’s most expensive grade. Its lightness (43-45° API) and extremely low Sulphur content (0.04 percent) make for a highly valuable refining asset. At the time of writing it had broken the much-hyped $70 market.
However, having started production in 1979, Tapis has been falling since 1998 and its current production of 200,000 bpd is half of what it was 20 years ago. Hence, the most expensive oil grades now are Kikeh (35° API, 0.1 percent Sulphur), Miri Light (36.3° API, 0.08 percent Sulphur) and Kimanis (38.6° API, 0.06 percent Sulphur), currently trading at $4 per barrel premium to Dated Brent (in December 2017, they’ve oscillated in the +$4-4.50 per barrel premium interval).
In many ways, the Malaysian grades’ remoteness created this demand for them – Australian and Southeast Asian refiners are willing to pay the extra premium to have the crudes sooner than to wait for Brent (similar quality characteristics) or other grades to arrive there."
Higher demand for provision of upstream services due to higher demand for Malaysian oil grades (highest oil price grades in the world)
Robust O&G service provider locally and internationally!
More to come!
Stock: [AAX]: AIRASIA X BERHAD
2020-04-22 12:53 | Report Abuse
https://www.afr.com/politics/federal/why-scott-morrison-called-virgin-s-bluff-20200421-p54lny
Why Scott Morrison called Virgin's bluff
The government's line in the sand has sent an unmistakable message to other businesses to back off.
"The Coalition government's refusal to bail out Virgin Australia sends a clear message to other large businesses not to come begging for taxpayer money.
The government is aware that if Virgin were rescued by Canberra, it would be a green light for other under-siege businesses to lobby for multibillion-dollar bailouts.
Struggling universities, major airports, toll roads and media companies will be watching the Virgin scenario closely to gauge their chances of receiving government support.
By holding the line, Scott Morrison, Josh Frydenberg and Mathias Cormann have sent an unmistakable message to other businesses to back off.
The hard line also recognises that some industries will be permanently damaged by the coronavirus economic crisis, so throwing good taxpayer money after struggling businesses will not be a wise investment."
AAX...Asking Apa ?