Sorry, ride the wave, not right the wave ...

I hereby announce that after a period of disappointing stock price performance I am quitting MPAY at a loss. I was one of those who were very bullish on MPAY in the euphoria of e-commerce and Jack Ma last month.

kelvinfixx, I do hope you were joking when you said I might be involved in the pump and dump of this stock last month. In fact I bought when it was high during DFTZ in the hope that it could rocket up after that. Alas, it was not to be.

But not to worry. I decided to follow the advice of Arnabputih in not cutting the cock and have set it free. So good news Dorian, no eunuch cocks roaming around in the village square. No violence involved and we have animal-friendly atmosphere.

MPAY might right the wave of Jack Ma and e-commerce in the near future but for me now it's Ciao!! Sayonara!!

Have you heard of the latest viral rumoured joke in town? Mr. Mao Hoo Tang @ Ah Jib Gor is desperately trying to change his name legally to Jack Mao Hoo Tang, or simply Jack Mao ...

Yes Arnabputih & Dorian, the Bursa announcement by Mpay dated today states that no decision has been made on the MOU with Credit China FinTech which will expire on 31 March. But that also means that positive things could materialise in the ten days from now.

So with the buzzwords of fintech, e-commerce, e-payment, China connection and Jack Ma I predict Mpay will shoot up soon.

If it doesn't by 31 March then I'll cut my cock!!

Bye.

Oh well, I should have said my short-term fair value of Mpay should be in the range 30 to 50 sen. This should be a realistic dream given the so many good and uplifting news now.

We all huat ah with Ah Jib Gor @ Mao Hoo Tang.

pundekman, sorry for my vague range of TP. OK, i'll try to explain: TP1=30 sen - over-ran briefly this morning; TP2=40 sen - hopefully achieved today, tomorrow or the duration of Jack Ma's stay in Malaysia; and TP3=50 sen - hopefully reached after 1 -2 weeks of Jack's exit.

Many stock traders want to capitalise on the visit of Jack and his relationship with DTFZ but very few stocks such as MPAY will actually benefit. This counter has all the right moves and looks.

kelvinfixx, yes because of MPAY and other attractive stocks you guys in Malaysia will experience more sightings of me, more frequent than in Las Vegas...

My short term TP for Mpay is 30-50 sen, God-willing.

Pavillion, market will not collapse when Jack Ma leaves this Friday.

In fact market will strengthen and e-commerce stocks with good fundamentals such as Mpay will start to rise and prosper.

Mark my word.

The Mpay terminals are doing well in our supermarkets. Their e-payment system is gaining traction.

Jack Ma is scheduled to talk at the Malaysian Digital Free Trade Zone tomorrow with our beloved PM. Mpay is one of the companies that will benefit from the launch of this e-commerce thing.

That explains why the share price of Mpay shot up this morning, on the eve of DFTZ launch. Now consolidating at 26.5-27 sen but this afternoon will shoot up again.

As someone recently mentioned, maybe those with connections know of the good news and are buying today.

Value investors love the present momentum of Nexgram stocks. They see the present wall of big buy queue at 4 sen as a sign of the rocketing up of the mother share very soon. Then it will be the warrants turn to fly to higher orbits and beyond the solar system, simply spectacular performance and out of this world experience. By then, latecomers won't have the chance to buy Nexgram warrants at 5 sen and below. So sad.

Five reasons why Nexgram is arguably the best stock:

- Recent success in getting big contracts, the RM 338 m Negeri Sembilan contract and the even bigger RM 1.45 b Cyberjaya project. The learning curve of the NS project will be applied immediately and wisely to the longer term Cyberjaya project. Both of these projects will lead to future projects and profits.

- Diversification and refocus of business will lead to turnaround and better future revenue and profit. Moving focus away from IT and turning into construction is starting to show positive results. In the last quarter report revenue has increased and past losses have decreased substantially.

- Nexgram has significant Bumiputera participation, e.g. the deputy chairman Tuan Haji Norzain bin Abdul Wahab is a successful corporate figure and also a former special adviser to our defence minister, Y.B. Dato' Seri Hishammuddin Tun Hussein. With his experience and good contacts the company will be successful in future bids for lucrative government contracts.

- With the general election around the corner many government contracts will be awarded to good, deserving, loyal, well-connected and BN-friendly companies, be it in IT, construction, services and infrastructure development. Nexgram will be one of the promising small cap companies to benefit from election related projects and the planned government boost for small cap companies, especially Bumiptera-led, as announced in the recent Budget 2017 by our Prime Minister. Thus, it goes without saying that Nexgram is both an election and blue-eyed government stock.

- For peace of mind, the recent foray of Nexgram into syariah-compliant construction and halal products will certainly guarantee it easy and visa-free entry into Heaven.