The only way for glove stocks to continue go up right now is the unanticipated failure of vaccine development ...but both economics and politics, they want vaccine development to be successful, and they also want vaccine development to be successful ASAP. So it be a tough game for glove stocks already...everyday we are inching closer to vaccine's eventuality. Honey moon for glove stocks is already over.

The only way for glove stocks to continue go up right now is the unanticipated failure of vaccine development ...but both economics and politics, they want vaccine development to be successful, and they also want vaccine development to be successful ASAP. So it be a tough game for glove stocks already...everyday we are inching closer to vaccine'S eventuality. Honey moon for glove stocks is already over.

The only way for glove stocks to continue go up right now is the unanticipated failure of vaccine development ...but both economics and politics, they want vaccine development to be successful, and they also want vaccine development to be successful ASAP. So it be a tough game for glove stocks already...everyday we are inching closer to vaccine'S eventuality. Honey moon for glove stocks is already over.

If you are betting on oil price to increase after OPEC meeting, you better be careful with the optimism. With the imminent serious recession that's coming (just watch the alarming unemployment rate around the globe right now), the massive reduction in oil production is not going to catch up with the massive reduction in demand of oil due to severe economy recession (just watch the recent piled up crude inventory, it is very alarming). There has been 30% drop in demand for oil recently and it is going to be more in future as economy worsens.

So all in all, after OPEC meeting, if they all agree to oil production cut, the oil price may most probably stabilize at current low price, probably a small temporary bump, or doesn't drop much. But if they don't come up with a deal after the meeting, oil price will probably drop below USD20/b

If you are betting on oil price to increase after OPEC meeting, you better be careful with the optimism. With the imminent serious recession that's coming (just watch the alarming unemployment rate around the globe right now), the massive reduction in oil production is not going to catch up with the massive reduction in demand of oil due to severe economy recession (just watch the recent piled up crude inventory, it is very alarming). There has been 30% drop in demand for oil recently and it is going to be more in future as economy worsens.

So all in all, after OPEC meeting, if they all agree to oil production cut, the oil price may most probably stabilize at current low price, probably a small temporary bump, or doesn't drop much. But if they don't come up with a deal after the meeting, oil price will probably drop below USD20/b

If you are betting on oil price to increase after OPEC meeting, you better be careful with the optimism. With the imminent serious recession that's coming (just watch the alarming unemployment rate around the globe right now), the massive reduction in oil production is not going to catch up with the massive reduction in demand of oil due to severe economy recession (just watch the recent piled up crude inventory, it is very alarming). There has been 30% drop in demand for oil recently and it is going to be more in future as economy worsens.

So all in all, after OPEC meeting, if they all agree to oil production cut, the oil price may most probably stabilize at current low price, probably a small temporary bump, or doesn't drop much. But if they don't come up with a deal after the meeting, oil price will probably drop below USD20/b.

This stock current price is still pretty much overvalued and doesn't reflect fundamental

PE50 but struggling to grow good net income? Thats just too overvalued.

PE nearing 40? That's nuts. After corona virus period is over, what will follow would be global market meltdown. We shall see what would the price be when the PE goes back to 20.

Struggle big time to sell their funds

Gtronic is very obviously struggling with its revenue and profit but valuation is still so high.

With oil price war between Saudi, Russia, and US without any clear winner, the oil price will suffer a painfully long period of low price level. Beware

We are relieved that no interference from Government, and Proton can now grow under leadership of Geely China, that’s great grow prospect for Proton. I am looking forward Proton to become one of the largest ASEAN car makers (Geely’s vision).

Next, Jack Ma will be visiting Malaysia soon to meet up with Tun Mahathir for deeper collaboration discussion and we can expect another round of boost of DRB Hicom by then.

Good prospects for DRB Hicom!

To goodluck999, it is not about the revenue. If the company never make profit out of the revenue pool, even market capitalisation of 1x of revenue is considered expensive!

Don’t give silly advice, it shows stupidity only.

To borntospeculate, current low price is definitely a great time for company to buy back their shares to regain more control (faster decision), reduce price fluctuation in future (stabilize) , and potentially earn extra treasury income in future. That’s value gained by spending of the money.

If they deliver special dividend now, all their cash will not bring any value to the company (except only to your selfish pocket). That’s even negative value to the company, because they may lose the precious bullet to handle any situation during this period.

That’s good management decision.

To Kevinfixx, use your brain to do calculation. There are total 450,000 retail shops is to be fixed with the dongle, with Rm150 million spending, it is about Rm333 cost for each retailer. We haven’t include the software system development cost (do you think software system so cheap)? We haven’t calculate the system integration cost yet. We also need to calculate the manufacturing cost for dongle, delivery cost, and fixing fee of these dongle! The cost is reasonable! Somemore, government doesn’t pay any single cent of 150 millions to MYEG, MYEG invest and bear the cost themselves. Dumb ass, check financial report of MYEG before making false accusation!

Yeah, keep saying Rosmah owns this company. I am also a 55% MYEG substantial holder if you believe it. Lol! It is baseless accusation. A fake news. Just to create unecessary fears to benefit sharks or expressing political hatred for nothing.

E-government business system is not easy. Otherwise, why there were so many complaints on the slow down and bugs in earlier day and MYEG has to take years to perfect it? If a new company take over the government business, they need start from software development and integration again, all these Rakyat complaints on slowdown and jitters may surface again. Let alone, potential more cost for Governments to start from scratch again (designing the system and hire more public servants) ! Do you think it is possible since Malaysian already having less income now?

Ask yourself, if you open a company, do you want to continue paying Microsoft license fees for using their Microsoft office or use other cheaper and risky alternatives (yeah, this is what we call open tender)? Or your company chooses NOT to use any Microsoft office application and instead use pen, paper, and financial calculator (yeah, it is same with government takes back and do everything themselves to save cost)? Make sense or not?

As long as e-government and e-nation initiatives is still going on for country, all technology companies in Malysia still has room to grow including MYEG. So instead of instilling all these political thread and political agenda which are all baseless (I have tired addressing it), we should focus on which company is having competitive edge in terms of technology advancements to win future government contacts. Thus far, only MYEG able to win other country government e-initiatives contracts. It speaks volume.

To SatishiChuam, go and study what is outsourcing and the purpose and benefits of outsourcing. Does your company outsource part of its businesses? So to reduce overall operating cost,improve efficiency, and eventually improve profits? Do you cut your own hair so that all hairstylists not able to earn your money? Stop spreading political hatread again, go do it at other forum.

To SatoshiChiam, don’t mislead people and talk nonsense here, MYEG non only having concession business, they also have non-concession commercial businesses. And government related business only contributes less than 20% of total group revenue (go check the audited annual report and also the interview with Wong TS)

GST is not abolished. It is only reduced to 0% for standard rate product. It means the supplier, manufacturers, wholeseller still need to pay 6% and then claim back the input tax. I think it is the right move for government. When businesses still need to claim back input tax, government can keep track of their business volume and these businesses will not be able to evade tax much . If purely SST regime, so easy for businesses to evade tax and government will lose a lot of income! I believe GST monitoring project by MYEG can still continue, it is more efficient for government to keep track the input tax electronically. Furthermore, according to the interview with Wong TS, should government terminate the GST monitoring project contract, MYEG can claim damage from government which I think the the sum imposed on government should be very hefty! So what should a government do?
1.) Pay a hefty sum damage to MYEG and increase the chances for businesses to evade tax? or,
2.) Use the GST monitoring system to monitor businesses so that all businessses pay the fair share of tax and improve country income?

Thank you all for all the constructive comments (some are not obviously). It helps everyone to have clearer picture. All information are valuable.

To qy111, you are not the one who decide and judge what is “tactical errors”.

Yeah true, this company is Rosma company. I am also the son of Rosmah. If you believe it. Lol!

To qy1111, it was then during the starting that PKR criticised MYEG for “alleged” cronyism.

But over the year and until recently, no more comments are made against MYEG. I don’t recall PH talked about MYEG during any of the ceramah before election . This is because, by today, MYEG has already gathered 90% satisfaction rate of its users, helped government become e-government, promoted more online users (e-nation), and reduced government cost in managing all these operation themselves. Not forget to mention also high profit margin has brought in much tax income to government and also EPF, KWAP, Tabung which benefits Rakyat.

Dont spread any more political hatred. Do it at other forum please.

To qy1111, I bet you never study MYEG financial report before making the claim of PE40 is not justifiable. But I agree the PE could be reduce should the GST monitoring project prospect is gone. And could be revived by SST Monitoring project or even GST monitoring project in other countries

To qy1111, yes that’s your simple common sense and common knowledge that kill most of your profits. That’s simply not enough my friend. To earn profit, you have to know much deeper. 10% of investors earn 90% of market money not based on simple common sense, but through thorough studies.

To qy1111, MYEG is helping government to transition into e-government and move nation into e-nation which is one of the important initiatives of government. So EPF and KWAP investment in MYEG fulfils the “nation-building” projects criteria that is expected by PH Government (do your studies also).

However, MYEG may have more competitors in future, so they have to strike for better quality of services, that’s why the current 90% satisfaction rate is important to MYEG and they must maintain it.

To pavilion, don’t make false accusation, KWAP and EPF do care their money. PH government has asked these sovereign fund manager to mange their fund well. Do your study and don’t simply talk nonsense.

To rr88: Not true, do your homework well. MYEG is as normal as many other companies and has been fined 3 times (millions in value) by government previously for leaking information, mismagement, and also breaching anti-competition act. So no witch hunting will happen within MYEG as it isn’t there at the first place.

To ocpd, so now MYEG has already had the full system, it doesn’t make sense for government to ask other companies to develop somemore and pay extra for another system development.

Somemore, these system is really not as simple as everyone think because please remember back during the earlier days, there are many bugs and slowdown under MYEG system and MYEG has received many complaints! Along the years, MYEG has perfected the system. Today, MYEG latest survey shows 90+% people will continue using MYEG system.

Use brain to trade and not emotion. Don’t become an misinformed investor by listening too much to baseless and senseless comments or rumours that do nothing other than with shark intention or expressing political hatred. See the big picture.

Good luck to all.

I think many Sharks would like to keep bashing MYEG baselessly so that they can easily do short selling. The heavier the selling volume, the better for the short selling return.

KLCI King, most of people are blind that’s why very little people make money in stock market and most people lose money.

Think about Puspakom. Do you think their profit margin is high or thin? It is not about the rate of profit margin, it is about the nature of business (the cost of business). The nature of MYEG business has lower cost. Permit renewal, insurance business, financing and leasing, online payment system are all less cost intensive. Even you ask other companies to do the same business, the profit margin will still be about the same. Now, it is a matter who can do the project better!

50, 40, 30, 10, 1 sen valuation on MYEG are all baseless. You guys can price whatever value you want. The real fact is no major shareholders are selling their holding. The one that are selling are those misinformed investors. This will also be great opportunity for MYEG to buy back your shares at great price to improve their corporate governance and also potential for treasury gain in future.

People who claims 50% profit margin is not possible clearly doesn’t know how economy work. If a company can earn 50% profit margin, don’t forget government can collect more tax also and increase country income.

With higher profit margin, a company can also easily expand its business and hire more people. Currently MYEG has 2700 employee, would Government like to see 2700 unemployment or more employment?

MYEG has already having a footstep in international market (Philippine government somemore) and our government promotes international companies will definitely support it. Will Malaysia government want to kill a local company which is serving Philippine government now?

Somemore, KWAP (public servants retirement fund) has high stake in MYEG. All these public servants are important to government (politically and economically) and government will definitely helping to secure KWAP.

With MYEG continue serving government and providing stable and consistent income to government (via tax) , to EPF and KWAP (via dividend), it is a Win-Win relationship!

Don’t believe too much on all these people bashing on MYEG because they clearly do not see the full picture and merely expressing their emotional political hatred for nothing.

So far, GST profit occupies 0% of total MYEG profit. That’s why the selling is overdone, as if 100% of MYEG business depends on GST.

And government will soon put SST back. So both GST and SST will be implemented at the same time but we don’t feel the pinch of GST for the moment because it is zero rate. There is no need to abolish GST monitoring project of MYEG, it may be ready to be used for both SST and GST.

Starting 1 June, the standard rate goods and services will reduce from 6% to 0%, so basically we don’t pay any extra tax for things that we purchase anymore. However, GST system still remains so the the 0% rate may not be permanent and GST rate can be adjusted in future depending on country policy. That’s why the news said “until a further announcement is made“.

GST is not abolished! It is merely reduced to zero rate until further notice
http://www.thestar.com.my/news/nation/2018/05/16/gst-zero-rated-from-june-1/

Another company which is heavily linked to Wong TS of MYEG, Excel Force MSC Bhd, has starting increased 12% today after 2 days of consecutive limit down. Many oversold stock has started recovering.

This is the messenge from Bursa telling you to cool down, don’t oversell on a company that’s even Bursa still in opinion has fundamental! Investors now are losing senses after post election and MYEG has become one of the victims.

We can expect strong recovery of this oversold Inari Amertron share from now on.

Apple pops on earnings beat, strong guidance
www.cnbc.com/amp/2018/05/01/apple-earnings-q2-2018.html

Trade War tension can escalate anytime soon. This time, it involves the largest companies in both US and China.

From CNBC:-
US reportedly weighs retaliation against China for restrictions on tech companies
• The U.S. trade representative's office is putting together a fresh trade complaint against China to retaliate for restrictions on high tech sectors.
• The complaint would open up a new front in the trade standoff with China, in addition to proposed tariffs on $150 billion in Chinese imports.
• Should the trade representative move forward with this new complaint, it would be the third such action the U.S. government has employed to attempt to influence China's trade policies.
https://www.cnbc.com/2018/04/16/us-weighs-retaliation-against-china-for-restrictions-on.html

Hang Seng Index has now dropped 450 pts. China is officially going against US in supporting Russia over Syria incident. I believe Donald Trump will be very emotional over this and it will affect Trade War negations between US and China. If the trade war negotiation is not going well, more than $150 billions is at stake and it will not do good for global economy. The stock that is currently overpriced need to be extra cautious over these events.

Hang Send Index has just dropped more than 300 pts or 1%. Sentiment is weak. FBM KLCI most likely will follow suit.

According to a very recent UK Yougov survey on Malaysians (results published today), Mahathir Mohammad is ranked as the most respected male figure in Malaysia while Najib Razak is ranked only 15. Even Answar Ibrahim is ranked no 8.

For most respected female figure, Siti Hasmah is ranked no 2 while Rosmah Mansor is ranked no 25.

We can expect some tsunami coming in GE14.

Remember, the obolishment of GST is the main proposition of Pakatan they are serious about it.

For now, it is advisable not to take too aggressive move to avoid burning your fingers:
1.) US and China trade war still hasn’t fully settled down, nothing has been really finalised thus far. Both countries still have intense negotiation to go and should expected volatility in coming months. It concerns Malaysia because both US and China are Malaysia large trading partners.
2.) Malaysian election results is still very unpredictable. Recents moves by BN has generated hates everywhere and will there be Malay tsunami or even Malaysian tsunami in GE 14? Some reports are saying this is the hardest to predict election ever...
3.) Most importantly, current PE of this stock is also at at high side, meaning the share price growth is very limited for the time being. In case you don’t already know, CIMB has recently downgraded this stock from “add” to “hold” mainly for this reason. Coupled with the volatility from point 1.) - 2.), it is really rather uncomfortable and risky for any reasonable investor to chase high price now and there is always opportunities to buy lower due to great volatility ahead.

Trade cautiously, good luck.

If you want me to be more specific, current share price has actually built in all the worst possible case scenario for up to next 2 years already. So even next 2 consecutive years of quarterly results showing poor performance, the share price doesn’t go down much anymore, because they are all fully digested at current share price already. That’s the real reason the share price drop from 1.60 all the way to 0.70 because the excessive pessimism was built in back then .

From now on, any new project wins and the listing of its E&P business will be the catalyst to Sapura Energy share turnaround.

And I am seeing the sky is clear now, because Sapura Energy has already confirmed engaging Advisors to evaluate and discuss the bolts and nuts of listing its E&P business and has also shown its ability to win Rm905 million projects recently while many other competitors are having tough time getting new project due to their financial position (those who close to the field will know what I am talking ). I am really excited to see there is still 95% of projects that is potentially to be materialised (USD 5 billions is huge!) in near future under current better O&G environments. How to judge better O&G envronement? Aside from better oil price, better O&G environment can also can be confirmed by Petronas that they are willing to award 20 greenfield and 30 brownfield projects between year 2018 to 2020.

Most of the potential losses has already priced in at current price (price already drop all the way from 1.60 to about 0.70). Believe the impact of quarterly report will be very minimal as investors has generally digested it. Now, we should focus on Sapura Energy ability to win projects. More project wins will be the key for Sapura Energy turn around.

This is one of the few stocks that is currently having very limited downside but very high upside. Happy trading.