Fear over uncertainty still causing sell-off..

Brexit uncertainty causing sellout??

There's huge selloff from foreign funds, is EG impacted by this? Is it due to the upcoming Brexit polls?

VenFx, not holding above 0.89 levels.. in fact now at 0.875. What's your view on this?

Got pulled down due bad market sentiment across KLCI today??

same old story la... no show again... retract back all the gains this morning session.

Long term potential is enormous..

Same story or ini kali lah? lol.... 2nd half of the day will know..

Continue to fly... hope it can hit above the previous high of RM1.26.

Wah... flying

Bo Lat Liao...

elvingan... your TP of RM0.70 this week don't look like happening...

Quoted from News source:

"At 9.01 am, the ringgit was quoted at 3.9850/9910 versus the US dollar from 4.0050/0100 on Tuesday.

A dealer said the ringgit saw fresh demand following the inflow of foreign funds into the local bourse.

Meanwhile,the greenback also edged down in reaction to Brussel's airport bombing, he said."


With fresh demand of foreign funds/investor pumping money in Bursa, it should also be seen as a good sign overall. Plus MYR/USD may move back up above 4 once the dust settled on the Bombing incident and a high chance of US rates hike in April.

Panic sell? Who can confirm the kyy rumuor?

Yes, good closing reaction to the news announcement this morning.

Wait next QR for explosive results.. then will fly...

Still not much movement... I guess it's not dropping already consider good news..

Traders and Investors needs to digest the announcement first. Not much activity right now. Perhaps 2nd half will see some activity

Kindly be advised that the trading in the above Company's securities have been halted with effect from 9.41 a.m. Thursday, 17 March 2016. Trading in the securities will resume with effect from 10.41 a.m. Thursday, 17 March 2016.

I think below is the reason for the suspend trading.

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
PROPOSED ACQUISITION OF 95.81% EQUITY INTEREST REPRESENTING 10,750,000 ORDINARY
SHARES OF S$1.00 EACH IN SINGYASIN HOLDINGS PTE LTD BY THE COMPANY FOR A TOTAL
CASH CONSIDERATION OF S$3,832,400 (EQUIVALENT TO RM10,309,539)
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

Price will move when:
a. Buying/Selling by huge funds investors
b. Good/Bad QR

Seems like option B is more likely.. so just wait for next QR.

Just hold for long term and you will be well rewarded. KYY buy into companies like EG not for short term gain.

Today unlikely to have show.. plus its a friday. Sentiments from other markets are so-so too..

Always disappoints ... Yesterday went against the index and go into green.. but today Index is green.. but it go opposite into red... betul betul tak faham...

blacksnake, you might be right.. might require good data from the next QR to help push up... The previous high of 1.20+ must have been goreng up...

If can close at 0.90 today.. its definitely good signal...

Well.. it is a good sign since its going against KLCI .. Going green against a red KLCI index..

Collect some now while its down. It doesn't make sense for EG mgmt to buy back shares at RM0.96 if they intend to let it slide further down.

8907 EG EG INDUSTRIES BHD
Notice of Shares Buy Back Immediate Announcement
Date of Buy Back : 03/03/2016
Description of Shares Purchased : Ordinary Shares of RM0.50 each
No. of Shares Purchased : 5,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.960
Maximum Price Paid For Each Share Purchased : RM 0.960
Total Consideration Paid : RM 4,848.93
No. of Shares Purchased Retained in Treasury : 5,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date: 294,000 shares

traderman, I doubt it is dropping due to recent stronger MYR/USD.. from 4.45 (highest point) to current 4.109.. 1 year ago, MYR/USD was only 3.72, it is still benefiting from stronger USD anyway.

Some signs of recovering...

wei8, prolly some syndicates trying to create panic selling and have the prices spiralling down so they can start collecting again.

Monday morning no show leh...

As predicted by kahfai and others, sell down by contra players.. second half open show from bankers?

KLCI index U-turn... morning green, afternoon red... Can EG sustain at 96/97cents?

Kahfai211 .. u have insider ke? ...

Losing steam....

How about the counter anak? .. now at 0.635

Nice... keep it up.. 2-3cents up a day... to hit TP of 1.20

Strangely.. still got more sellers than buyers..

http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=71369&name=EA_GA_ATTACHMENTS

EG Industries core net profit rises 5 times in 2Q16
Core bottom line jumps to RM7.3 million from RM1.5 million on increased box-build contracts and enhanced operations efficiency Sungai Petani, Kedah, Malaysia, 26 February 2016 – Electronic Manufacturing Services (EMS) player EG Industries Berhad (EG Industries; EG 工业 ; Bloomberg: EG:MK; Reuters: EGCM.KL) recorded 5 times higher core net profit of RM7.3 million for the second quarter ended 31 December 2015 (2Q16), compared to RM1.5 million core net profit (excluding RM8.8 million fair value gain on sale of financial assets) previously, on increased box-build contracts and enhanced operations efficiency. For the quarter under review, Group’s core net profit of RM7.3 million is inclusive of RM2.0 million one-off expenses in relation to its recent corporate exercises, without which net profit would have amounted to RM5.3 million in
2Q16.

Bad market sentiment.. KLCI also u turn from morning slight rally to end on lower. China and other markets down can be a cause of panic sell sentiment..

Profit takers in action from the recent rally. Time to collect below $1.

Cannot too fast too high... later kena UMA before release of QR. It's a good uptrend and it offers the chance to get it at lower price before it continues to climb back up.

Back down.. chance to grab before it tests and breaks resistance.

Good start to the day.. Hopefully momentum sustains and continue to fly...

weng77 > I agree, come Feb when the financial reports is out and show positive results. Just hope China and Oil stabilizes the global markets.

Time to collect

Hope the weakened ringgit help bring good quarterly results when released in Feb! Better start to pick up now when its down due to market fears.

Good chance to top up