:) You know what does it mean when it suddenly up without any solid reason. I wonder who are they trying to trap? - New traders?

Aiyoo.... Now, oil palm industry also complaints about MyEG. Next, which embassy will be the first to complaint about MyEG to Malaysia Government? Indonesia?

http://www.thestar.com.my/Business/Business-News/2015/03/09/MPOA-voices-concerns/?style=biz

Maybe I need to change my question now. Will this counter hit RM1 before or after Quarterly result?

Government may need to stop myeg services after received many complaints from many company owners over MyEG delays.

http://www.thestar.com.my/News/Nation/2015/03/07/Bosses-see-red-over-MyEG-delays-Setbacks-also-led-to-workers-being-detained/

It 's already overbought. Time to offload. I hope I can offload next week...

RSI chart indicates AA is already oversold. So, most probably less panic seller and a good time to enter now. It's no surprise Wellington bought in high volume. EPF also started buying now...

I think the question now is, when it will hit RM2 or lower. Before or after Quarterly result?

The good news is, I already offload yesterday after heard rumors in the market :) . Today news is nothing compared to what market believe to be announced soon.

Now, I 'm going to put all my money on airasia and airasia x. At least I know that many big boys going to put thier money on these counter -AAX and AA.

Market know that AA is playing with the quarterly figure to use the money for AAX turnaround plan. Their counter already hit double bottom and less supply.

Anyway, SKPetro still a good counter and they should return to profit in FY2017.

The bad news is not out yet. 610M of share to be on sale soon... Some of them were bought at IPO price. :(

The share is heading RM2.2 as anticipated by many Analyst. The question is, will it go less than RM2 after quarterly result?

Maybe both of the Directors and the owners already know the quarterly result and blaming game started.

Just wait for quarterly report... You can buy if there is panic selling...

I hope I can offload before they announce the quarterly result. Maybe re-enter at RM2.

EPF just bought 1M to upgrade their hold to 208 253 500. And still adding...

AirAsia to post RM517m earnings in FY14
http://www.nst.com.my/node/73239

No wonder EPF and wellington bought additional few millions few days before the announcement.

AAX is focused on returning to net profit in 2015. AirAsia X expects an operating profit in the first three months of this year after October-December generated its first quarterly earnings at that level since third-quarter 2013.

http://www.channelnewsasia.com/news/business/malaysia-s-airasia-x-to/1679042.html

Is EPF started offload their share today? Why are they desperate for money? Did they give 2B to 1MDB?

Many hedge fund foresee more foreign investors will buy this counter in the next few weeks. You know why, they have experienced the same or worst scenario for the same industry in their market and many of them already rebound.

Anyway, no data to support that yet. We shall see then...

Don't worry. Both of the owners still holding their share. They normally offload few months after dividend. If both of them do profit taking, then the price may be back to RM 2.2.
If that to happen, don't sell. Wait for dividend in 2017.

Glad that we have some panic sellers today. Manage to get some stock at good price... Hope can get some more tomorrow...

Supersaiyan3,
I 'm just sharing facts... Let me know if my data is wrong...

Time to get some more... This is a penny stock that has a lot potential and asset.

Sayakamiyuki,
Could you provide link/reference to prove your claim that airasia is the main shareholder of AAX? Because this something very new and we never heard before.

Wellington increased their share from 150,202,322 on 13 Feb to 384,620,461 on 18 Feb and still keep buying.
That is more than 50% within few days and everybody know they have access to airasia internal update. Have you seen/heard this investment company made mistake in their investment.
So... your call either to increase or to hold...

FY14 core net profit forecast is now RM754M (RM475M + RM279M).

Bro,
FY14 Profit after tax is more than RM400M. But all of us hoping that AA can get more profit because of its potential to grow.

http://klse.i3investor.com/servlets/stk/fin/5099.jsp

I just realized that the big boys disposed in the month of Jan when the price was higher but then started acquire again today when the price at the support level.

Interesting... I wonder if they were the ones that brought down the price so that they can enter today at lower price.

The min TP for FY14 is 2.94 by Maybank and max TP is 3.3. So, if you avg, the price should be approx 3.1.

No wonder big boys entered today at 2.65 & 2.66. And don't forget the dividend. So, good time to enter tommorow. The big boys need to create support line at 3.0 so that they can enjoy better profit for FY15.

I hope I can enter tomorrow before all the traders coming back from CNY.

Time to get some more...

The immigration counter may be replaced with MyEG.

http://www.thestar.com.my/News/Nation/2015/02/19/MyEG-service-proven-effective-More-than-53000-work-permits-renewed/

Ogt8989,
Just curios, is there any internet at the offshore site? Does everybody have access to satellite phone at the offshore site? How do you get update from offshore site (if any)?

Any idea why AAX & Airasia still not merged as one? They have same CEO ( So called group CEO), share same resources ( human & asset) and same brand.

So, what is tony waiting for? I hope not another 6 months.

More revenue for AAX - Air Asia X launches maiden flight to Chongqing

http://www.businesstraveller.asia/asia-pacific/news/air-asia-x-launches-maiden-flight-to-chongqing

Right timing for CNY

My profiit gone within a day.
The moral of the story, nothing impossible in trading. Only new traders believe support line can support them.

Everybody know myeg is a good counter. I don't think we need to be reminded how good this counter with such a long text. Should just put url instead.

Disadvantages:
Has negative perception among retailers.
Limited fund to implement turnaround plan...
Revenue is not yet at Max capacity...

Advantage:
Has positive perception among big boys.
Solid New Management Team which can do change management.
Potential to grow revenue and net profit.
Potential to be offered good dividend to attract big boys.
Not like Mas, AAX well known for maximum cost optimisation.
Undervalued price.



No wonder big boys started eyeing this counter...
Definitely good time to enter..

Now... Going to focus on AAX. Many big boys suddenly changing their focus on the AAX...
Need to enter before they start enter the counter....

Anyway, this counter going to bottom soon... The big boys need their money back....

Yeah... Made few thousands Rupiee..
Hahahaaa....

I offload already. Just made few thousands. Wasted my 3 days...
:(

Oil price drop again due to over supply. :(
http://www.wsj.com/articles/oil-falls-on-investor-caution-over-recent-rally-1423551524

Entered again yesterday. Hope can come out tommorow before kena goreng.

By looking at the current situation, if the price more than 2.4 is already considered high... If the price more than 2.7, means it is already incorporated future price.

The problem is, most projects awarded to skpetro is on paper and many not yet started. I believe we all know what will happen if the oil price below 60 in the next few months.

Most of the big boys buying because they use System that auto triggered when it meet certain pattern. The system unable to anticipate any risk related to the counter core business - Oil Price.

So, it 's your choice to be victim or to be the profit maker.

Remember, in trading, you eat what you kill. Somebody have to lose before the big boys make money.

Oil price is volatile now. In fact, it drop 5% in US - http://www.cnbc.com/id/102394676 .
Stock Exchange try to bring-up the price but oil stock already over supplied and Thanks to OPEC and many oil producers including US.

We need to wait few months to see if they reduce their oil production.

Oil price drop again - http://www.cnbc.com/id/102394676
Since we have gap up today due to volatile news, this latest news going to hit hard on this stock. No wonder big boys already starting offloading today...

Big boys started off loading already.... I think next week this counter going to crash if not this friday...

Simple reason. It 's gap up based on volatile news...

It 's gap up! Mean it's going to crash as soon as EPF offload. Take the profit now before you become victim.

Bad news. OPEC still focus on their main objective and planning to drop the oil price between USD30 - USD35 - http://www.cnbc.com/id/102389281 .

Maybank will no longer hold 1MDB liabilities. Ananda Krishnan to lend 1MDB up to RM2 billion to settle debts -
See more at: http://www.themalaysianinsider.com/malaysia/article/ananda-krishnan-to-lend-1mdb-up-to-rm2-billion-to-settle-debts#sthash.LRa638py.dpuf