Told people yesterday about the RM3 downfall at Top Glove. Recently been collecting this CIMB stock like crazy. A small rumour makes me happier.

My yesterday post at 3pm. "Big crash coming to Top Glove over 1.27 billion feud produced by Adventa Pte Ltd. Could be a RM3 ringgit plunge. Share is already heavy weight."...hope u guys paid attention

Force index momentum is gearing trading sharp sell. Will rebound a little later only to further decline the next few days. Be careful as share still heavy weight.

Big crash coming to Top Glove over 1.27 billion feud produced by Adventa Pte Ltd. Could be a RM3 ringgit plunge. Share is already heavy weight.

Book value = 0.19 cents. Graham score chart is RM0.52 and low dividend yield of less than 2%. If Benjamin Graham still here, he won't even consider this stock even if with government spoon feeding. If you want to buy overvalued stocks, be my guest. Monopolistic companies often won't have good ending because of anti-monopoly regulators eventually will breathe down their neck with penalties and fine.

This is very simple philosophy. CIMB has recorded USD20 billions in assets over Public Bank. As a younger bank to Public Bank, in terms of market capitalization already ahead. I would personally move my assets from Public Bank to CIMB due to fair market value. Based on conservative projection as annualized NAV of 0.45 per share. CIMB yields about 1.04% higher than Public Bank. P/E wise makes CIMB better choice over PBB. In short, you can buy this one share - go in hibernation mode for 10 years and become rich when you wake up.

Like I said, team manages like Public Bank. Hold this stock as long as you can and keep buying when fear reign. This is all u need to retire with substantial wealth. There's a saying "Banker always win".

My opinion on Nazir is that he is a pretty compliance person to begin with.Most people who knew Nazir knows he is in constant disagreement with Najib on his actions. Nazir even expressed publicly in 2016 that he regretted the action of money asked to transferred into Najib accounts because Najib has him belief the money was gearing for legitimate party fund raising. I belief Tony Fernandez will agree on this.

It is easy to confuse both of them together. Another friend of friend of mine who knew Nazir knows that he is a hard-working, intelligent person and CIMB largely grew because of his stewardship. One black sheep doesn't mean the entire family is too. Stop stereotyping and see things as it is rather than what you think it is.

Warren always say you need to buy when everyone is fearful. This time the fearful are the foreigners...lol. These last few days has been a good blessings for Malaysians.

No worries, they r on discounts because foreigners are tying CIMB to GLC so they are selling like crazy. It is time to collect as much as you can, enjoy dividends and wait until after this stupid fiasco ends.

Let me reiterate that the price fell is due to foreign fears and it hits all banks especially high P/E like Public Bank and Maybank yet they all will rebound once government stabilises and noises goes away. Just buy and hold.

When share splits, par value should be half too. While the expectation of share might go up in good sentiment, it is possible within the next few weeks true correction will come. The par value is about RM0.58/ per share. Indicator shows there is more sell down coming with a sell call in short term. Those people who are buying in today might get lock out.

Actually, fair target price is RM0.56 as mentioned earlier provided they offer fresh USP. Because government will eventually setup their own system to provide the facilities. It just a matter of when. So this is the time allow MYEG holders to mitigate any losses if you can. Any company that earns revenues from government will be eventually be taken out sooner or later because of privacy and transparency issues that present government wants.

Just don't wait until the headline "MACC raid MYEG company on documents". Your discretion however on your money on this company.

EU high retaliation import tax to U.S will be a response to Trump. China will follow suit making our local steel export super lucrative. I foresee steel industry overall Asia will go up. Time to collect more.

I have put more money on CIMB earlier because of its high USP platform and solid fundamentsl. CIMB has potential to be a global player and their presence in Asia is impresive. The window of opportunity still opens as share weight is still light.


Those who are still buying from this MYEG counter is no different than some of the BN and UMNO member still believe they will win again the next election. The ones who woke up have already left the party. All the best though.

It's like buying a Mercedes Benz at 60% discount now.

I am glad some of you made money. Just be careful near future trades

While moneykam may sound weird, it is actually intelligent view on him. U buy on company's successes eventhough u don't earn as much but if fundamentally intact, still worth buying. Unfortunately, this is one of the company who was "government intact"

My fair value stays at RM0.56 but big "IF" only MYEG has a new USP. Else, won't touch the counter but just enjoy the show.

Okay, just in. My friends just pulled out from the MYEG trade just now. They said the support not strong enough to overcome and it is starting to show weakness. Also, due to overall market weakness (Discretion your own)

The big guns are not here yet. Be careful. They are loading their ammunition now. When you break anything above RM0.80 then they will lock your losses. Also, even at 0.715 bear is winning. I need more snacks. lol.

Their P/E is still very high. And as I am looking at the live trade now, the bears is super strong so selling rally not over yet. Be careful with your water pistol.

Exactly what I suspected. I believe MYEG is low in cash funds which explain why low volume of share buybacks. Yesterday volume has plunge to RM0.645. Which means bear is putting on a tough fight. Today, might see the first price below RM0.60 if RM0.645 is broken.

Pertaining to this article,

http://www.theedgemarkets.com/article/my-eg-gapped-down-says-alliancedbs-research?type=malaysia

People are selling this share at a new support of RM0.65 yesterday. Based on sale volume, We believe share price will continue its sell rally with more are dumping the shares after days of trying to mitigating lost.

Also, undertable money for contract is rampant during BN Kingdom. While not now, I believe they will be on MACC and IRB watchlist. You can swing trade to mitigate lost, but for long term - better take your NERF guns and play somewhere else.

I have been warning shareholders about MYEG almost 8 months back from their meagre share price vs earnings. The share price hike was simply because of government contract. I do hope they have USP to fall on but no matter how I look at it, it's all speculative driven.

When u relied on government, there's no need to improve. You can rest on your laurels even with a sub standard website because you got mama to spoon feed you.

U want real news over fake news, MYEG was RM3.00. ER,what is the price today? Also book value is RM0.15. Value Investors think it's worth lesser than RM0.60 and that was before PH took over.

If I am wrong, I dont mind you call me a dumbass, but no matter because money not invested in MYEG will go to other better stock.

On TA, their PEG (Price to Earning Growth) shows stagnation. Their MA200 long term movement is telling us if you are planning to keep it long term, then you need to think twice. Even in short term, chart is telling people to stop playing with big guns. If 80% is outside of government dependency, then why arent they are growing the way they should? You do the math.

The new government will not even protect Proton but in good way, because it forces Proton away from protectionism and force them on improving on their product quality and services. In future, we will see better quality Proton cars.

Last week already told some of you to buy stocks that makes sense, not because of sentiments. Last week "supposed" gain now lost again. The charade will go on until it goes below RM0.60. Again, that will also depended on their USP which is "government depended" for now.

MYEG is anything but fundamentally intact. Again, it's akin to getting someone to do government job because they are too ignorant of the potential revenues. Secondly, once they made money they venture offshore but using the same tactic on other countries. Thirdly, if they are not using tactics they use gain to buy over companies that does the same thing.

Come next week, you will experience a shock and awe from this company with zero USP. Last time the big guns will let you enjoy a little joy ride. May the force be with you always.

Ask yourself this question. How it is possible for TS Wong to be a billionaire by just providing sub standard government related services?

Imagine if 100% government owned. The rakyat will benefit more. Using IT knowledge to their advantage to take millions from rakyat is not only sick, but disgraceful.

We did an analysis of a unusual spike and apparently big guns could be awaiting for the last hike. I already said the PH manifesto is to curb monopolisation from BN related companies. Also, nation need to save money from every corner possible. It will start with crony company like MYEG.

The spike might continue despite bad news for MYEG. We expect fair price to remain at RM0.53 cents. You can play play MYEG with your water piatols. The big guns are taking their time locking in their ultimate weapon now.

With government support, already overpriced. Without government, way way over priced.

Something to do with EU in relation to Italy. Again, causes jittery among foreign investors.

Previous crony used open tender to earn under table money. New government determine not to let that happen anymore. Anyway I believe insider also know MYEG has been BN favourite pet. Now need to find out if PH will pet them too.

Totally agreed with flash777 pertaining to EPF. They know how to mitigate losses and the rule of thumb is when they are paying attention to any one counter you should avoid that counter because its like a head on pistol duel with them, only difference is they holding a a real grenade launcher vs your NERF guns.

Many third world country are using MYEG software not because they lack talent people in their department but it is more profitable for corrupted officers to earn since it's not in government's accounting book. It is after all, easier to conceal under table money. Results? A win-win.

Book value is at RM0.18 per share. lol

Enjoying dividend while buying more to collect on weakness. Double bonus :)

"MyEG was another casualty, losing more than 64 per cent of its value over the week.

The well-connected concessionaire is termed "the ultimate middleman" as it collects a fee for a wide range of government services including road tax renewal, foreign worker permit renewal, summons checking and zakat payments, as well as the monitoring of goods and services tax payments."

https://www.straitstimes.com/asia/bn-linked-companies-suffer-as-new-favourites-emerge-in-kl-stock-market

MYEG even claimed previous government has "tried" to create a system like them but failed. That was the joke of the day but the joke wasn't on the new government rather old administration. The new government however will answer "wanna bet?"

These apps generally cost less than RM500,000 often done by a team of less than 5 people with fair knowledge in computer programming. If the government is going to sit on and let these companies continue to make tens of millions being depended on their cheap apps. The government will have overlooked a golden opportunity to earn revenue while reducing burden for the country.

RM2.7 Billion market cap with actual value of less than RM400 million. I am sure shareholders are a little nervous now.

When you take a share and split it in two, it will become half the value especially lousy stocks. EPF is no longer a substantial holder in MYEG. They are the best indicator when things goes south. Also, MYEG is holding public funds so they are smart to know other more better investment market to put their money in. KWAP dumped 31 millions stocks recently too. If share goes from RM3 to just RM0.79, something must be brewing up.

Government hasn't come in yet. When they make the announcement, it will make or break MYEG. If government pulls away will drive MYEG down below book value of RM0.59 cents with high depletion in profit over time especially with company with little USP.

“From now on, any buying of number plates must go through JPJ, without exceptions. This is Government revenue and we intend to collect all of it,” he said

key phrase: ALL OF IT

Which makes perfect sense. With the huge debt on their shoulder, every bit of savings matters. And I don't think they are double standards in applying that.

Start collecting folks. The company price is grossly oversold. Yes, I ran through their Annual Report and I foresee earnings in future. They core focus in seeding more new developments now.

Both steel and construction will rise in tandem during the next few months due to optimistic sentiment and tax change to spur growth.

As for MYEG, will wait government announcement to make my move. I don't mind not gaining as long I don't loose. Also, their previous USP is only that it's backed by government.