Buy call...yums!

Dream on...

Target price remains to be 2.60. just hold

MYEG is a a miracle stock. As my mentor said 'such a wonderful price for a fair company". I guess durian lovers will always buy durian at whatever price no matter how the outcome of the taste will be.

Eat Drink KL? Come on, you gotta kidding me. Seriously? Sorry, that's really lame. A bad choice of a a business portfolio. But dangerously, it also tells me an underlying reason of your purchase. You are running out of great ideas or you couldn't get out of box thinking.

Superb, thank you Hevea!!! :)

Okay MYEG, I am still here. We will wait out together until MACD +50 is near you. Not blaming you because you are decent. Heavy burden you carry on your shoulder.

Like I say, this is one of a few management that can turn red into green. This is an A class management. Definitely going for long hold for this one.

Recommendation

We like DNeX after its transformation, given that it has a diversified revenue stream from both IT services as well as the energy segment. Its IT services business provides both recurring income from the NSW facilitation, as well as new growth opportunities through its RFID expertise. The energy segment is a beneficiary of higher crude oil price from its stake in the Anasuria Cluster, as well as improved work orders for its directional drilling arm.

We value DNeX at MYR0.71 using an SOP valuation. Its IT segment is valued at FY17 P/E of 10x, while its Anasuria Cluster is valued using DCF at a discount rate of 10%, on par with other oilfield valuations.

Source: RHB Securities Research - 5 May 2017

Internal purchase of above 2000 lot just a few minutes ago. wow

It's weird that every good share forum, there are people like Yusof45 who will run down a company yet he's always here monitoring ...lol.

Buying too

Waiting for you to take a good rest my dear MYEG until that rest no longer needed...then I will pay you a visit.

Lol...Contra players running away. Good...

Congratz all shareholders. Next week Hevea will flex its muscles... :)

Hevea is showing MACD bullish uptrend finally. Ready to shoot

Wow..support super strong at 0.60, something good must be brewing.

Bearish movement but an industry one not individual company. Just hold.

You are the bad one bucktooth, trying to scare people...lol. Anyway, the dropped is consolidation period often may fall depending on support level. Slowly collect to average out. More people are selling making the share attractive. Hold period should be about 2 - 3 months.

Call this the Cinema Analogy. Everybody goes in the Cinema to watch their favorite high rating show. The whole place is packed with people to an extend of overcrowding. When movie suppose to start, it didn't and was delay so people starts to wait.

Some waited for 10 minutes before walking off, others wait for 30 minutes but each person has its threshold. The longer the time to fix (consolidation), the more people walks off the cinema with few sitting quietly "believing" the movie will be eventually show. Some of these people are in this thread.

Few people decided to take action and instead of walking out of the cinema immediately went to see the cinema Attendant and find out themselves, to which the Attendant said "Projector sudah koyak masih repairing". Learning of this, these people walks out fast to switch movies.

Well, the movies gets shown eventually after 50 minutes but some whom left, went to watch another movie already. Movie still shown but the time wasted? Irreversible.

Which person are you? lol

@Foon Lian Way, check the RSI and MACD both are good indicators. But I like studying company performance and background. In short, you need to correlate what it actually worth and how much the market "thinks" it's worth. Mr. market is liken to buying a musang king durian. If they think the durian is worth it, they will buy it irregardless whether they have taste them or not.

@Foon Lian Way, it was and overweight still. Thereafter, Trump's new causes a temporary fall in price before support bounces back up. Broke the RM2.00 but strong resistance. Price might goes up and earn lesser but I am totally cool to that. I can wait because it's too heavy now.

@Ryotan your question about whether MYEG can go to RM3.00 before bonus, the answer can be found at trade volume. If sell volume goes up, the price will fall but if buy volume on is up, don't say RM3.00,... RM4.00 also can ar. I call it pumping the tires. The more you pump, the harder it gets but then,...

specter, agreed with you

up, unusual steep usually rebounds back due to catalyst of a bad news. But RM2.00 resistance ceiling is still being tested so might still be at consolidating stage. Today seems to bounce back from last Friday Trump's Currency news. The temporary share sell-back are mainly foreigners I believe.

Okay...Expected. It has nothing to do with bombs. It has to do with influx of overweight purchase that precedes higher than the price itself. Price needs to consolidated and how high it drop will depends how overweight it is.

Continuing observation in TA vs value performing. Management in MYEG is at overweight should start practicing buybacks now to add value for investors. From the red across KLSE index, apparently Trump just dropped the "Mother Of All Bombs" at ISIS targeted area.

Andrewhlc, I don't think Stockraider is brainless per se. From observation, I notice "blogger" and other contra player are here at i3 trying to cash in by scaring investor to sell so it can benefit them. Hevea is a fundamentally good company so just enjoy dividends and not be too concern with the market fluctuations.

The fall is across industry affecting mieco, homeriz and hevea and comparison charting shows the similar trend drop due to a currency comment by Pres. Trump that stated dollar is over weight. Some see this as an opportunity to collect more.

Superb discount now :)

One word. Overweight!

I have encountered strong resistance in RM2.01 yesterday and I posted it here. For Short-Term traders, my advise is be cautious now since signalling consolidation and hibernation. The "Waterfall" effect is coming soon. My margin for MYEG is 18.74% which is good enough, locked profit and awaiting next up.

To answer SharePlayer, I am not afraid of MYEG moving gearing toward consolidation period. I just do not like them because it freezes my money. The last time when MYEG dropped was dripping down a RM0.30 continuous drop with a hold for 7 months before rebounding, so sure...if you like the waiting game, sure it will bounces back up.
06/04/2017 11:06

You're right Farge168. Hevea is open to buying now. Mid term target remains strong and my target price in mid-term is pre-adjusted to RM1.64.

Hevea is my favorite Stock. It's what I like to call it Retirement Share, you can hold it for long term as company has strong fundamentals and has been continuing to perform well even in weak market. Kudos to the management team.

OpenSys is a hidden gem. Superb fundamental and steady asset growth. Conservative management and I believe gearing towards 2017, 2018 and 2019, growth for recycling ATM is growing at a steady rate. If there is a consistent company growing to be a major bluechip player, OpenSys is definitely a contender.

For TA, I am encountering some strong resistance around RM2.01. While target is still in tandem with my projection, the price movement is currently gearing towards overbought. For Short-Term traders, my advise is be cautious now that price consolidating might take place anytime soon.

News Update. Strong Support targeting at RM1.90. Speculated that foreign investors are pumping into the market with strong buliish trend for MYEG continuing. Target price maintain as expected on growth and demand.

Agreed @Imformed. Read my first line. I post it here cause notice some DNEX shareholders are posting in this forum. This was my response to them.

I won't comment on DNEX at DNEX i3. But from share observation are moved purely through news catalyst which profit are yet to be realized. Often new software will have hiccups, one which is not a surprise. Not that DNEX is not a bad share, it is just not the share I will purchase for now even if trends higher from now. My rule of thumb is that I avoid share if I am uncertain about it no matter how good they claim the share to be.

My current take is DNEX price of 0.40 is overvalued. If price falls below support line of 0.38, it could be create a sell panic. Upside is high current ratio of 3.31 so financially healthy with low debt. Downside is P/E falls below 4 could be a concern as growth is driven by noise instead of performance. Those who has purchased the share, I would recommend a hold or sell once some profit realized. Those who has not, there many potential shares will relatively are stable with high dividend. Bursa recent warning about the Pump & Dump? Well DNEX seems to befit this at the moment.

Target maintain 3.02 from my earlier comment. Ringgit next week is strengthening against U.S. so be expected that KLSE will be in bullish move. As for MYEG, next week support buy rate is expected at 1.90.

Contribution based on high growth expected to contribute 20% of revenue this year with the
award of 920 towers located at Myanmar and targeted 3,000 over the next 5 years.
Strong support seen at 0.87 with recommendation next target price at 0.97.

Target price believe to outperformed my previous current price target of RM2.84. Revised target to RM3.02. MYEG again has continued to outperform. Current advise is to hold. Consolidating now.

Totally agreed on their conservative evaluation. Been following them. Pretty accurate :)

Buy buy buy...

MIDF Research:

MyEG has an attractive business model and strong cash-rich balance sheet. As at 1QFY17, it has a net cash position of RM49.7 million.It is also enjoying an attractive profit margin of more than 50%. The upcoming implementation of the customs tax projects would also reaffirm the group's revenue and earnings growth trajectory. Our TP of RM2.84 is premised on FY18 EPS of 10.8 sen pegged to FY18 forward PER of 26.3x.

Love it. MYEG at 1.60 ...just bought more. Many too from other counter. I will collect from DNEX as well but now overpriced. But not because it's a competition to MYEG, because its award on Cross Border Thailand. Both are great stocks but priority is still MYEG.

ww_guy, I wouldnt disregard Risk Trader's advise...but of course choice is yours.

Rebounding target next week. Volume trend on consistent rise. MA in position of uptrend indicating bullish alignment is to happen first few days within next week. Investors are purchasing strongly for keeps while contra-traders are playing sideways today. MACD continues to strengthen. Mild selling due to mild resistant but will be up against stronger support at 0.21. Target price 0.31. Will observe after counter close.

MACD still shows resilience on 0.2 with possibility of reversal trend in line. RSI is still gearing for uptrend and, making ASUPREM an attractive buy at current rate. MACD continues to indicate a reversal bullish by burst of support soon. Target price 0.31

MACD is shows resilience on 0.2 with 3 stars on support inidcation price at prime purchase. RSI shows that is in position for uptrend but might continue to go sideways. MACD upturn indicates a reversal bullish by burst of support soon with next target price at 0.31

thanks for the insight alex ^_^