Layhong had dropped 20% of its original position. It is in a discounted position whereby the bird flu case and bosses selling warrants are already taken into account. Layhong has only 10% of the business (no. of chickens for layers and broilers) in Sabah and core earnings will still be intact. Assuming worst case scenario of the culling is on full scale in Sabah, the impact will be limited.
Just my personal opinion, I still think if you are a long term investor, the earnings will still sustain and bear in mind that it had dropped 20% earlier.

https://themalaysianreserve.com/2018/06/12/foreign-selling-continues-but-moderately

According to reports on 12th June, AirAsia Group Bhd posted the second-highest net money inflow of foreign funds of RM4.67 million last week.
Foreign funds are indeed buying rather than selling.
In other words, for the past week, it is local funds and retail investors who are selling.

Yesterday RM12 million worth of shares were transacted by a single entity at the last few minutes of trading hours, where 60% of entire volume yesterday done in a few seconds.
Foreign funds rarely perform window dressing during Hari Raya during mid of the month, though it is still possible.
If the buyer is local fund, it might signal the return of local funds into the picture.
This stock may get interesting in the next few weeks, as the stock is settling down after numerous negative news regarding this stock after election.
Fundamental business and dividend news will start to play a role again and taking momentum onwards.

Outsourcing services are common with US, UK, Canada and Australia. To be fair, outsourcing had its own problems due to integration, miscommunication, slow delivery by service provider and so on. There are always both sides of argument which i will leave out for now. One thing for sure is e-services is gaining ground and one thing for sure is the software integration, identfying bugs in software, improving reliability, supply and value chain integrity are not as easy as some claimed.

Yes myeg is a product of previous regime and had monopoly before. I dont agree with 50% margin either. It is a slaughter to rakyat. The fairest way for PH is to have open tender either now or after 2020 to end the monopoly. But to deny myeg participation in the open tender is totally unfair and against PH manifesto of transparency. Myeg should be given a chance along with other competitors to compete in the tender. This, should satisfy both the rakyat and government.

A good point raised earlier is a bloated civil service and the idea to utilize them. However, one must understand that e-services development and maintenance requires personnel with specific skillset and not some clerical job. Again we are talking about various gov department and therefore will need a huge budget to hire new personnel and more importantly the time required to coordinate between department. It is not impossible but it will not be an easy task and definitely will not happen in short time period.

Noah, I agree with you that the government can put their head and implement the system on their own and some government are taking the e-services on their own. Of course, we understand the advantages. However, there are also other governments from other countries which outsource e-services to other third party companies for some reasons (try google you may find the answers). One of the most compelling reason is not to have a bloated government servants, as outsourcing will be a more efficient alternative. Just look at some multi-national companies, some decided to outsource their IT department to third party even though they can actually have a team on their own, simply because IT system is not their core industry and the MNCs would rather spend a little bit more and let the third party worry about that. Back to Malaysia, PH gov could terminate myeg and proceed on their own, but judging by their limited budget, they should not do that based on emotion. It is a crony company but with it's own merit. Just look at the services myeg is providing for various gov department. Realistically, please tell me which company can fully replace myeg now for the system? There are none. Therefore, in order to please everyone and the rakyat, a better alternative is to open tender to other competitors, where projected market share for myeg and profit margin for myeg will drop. It will have limited impact to myeg as myeg has the best resources, system and experience. The open tender fits PH manifesto of competency and transparency, isn't it? At the current price of 76 sen, it is a very good price to enter.

Yes i would agree on your point on the penalty. It makes good sense. But what is more interesting and convincing is the consequences. Who else can provide e-services if myeg contract is terminated? No other agency or company can establish that fast. If all rakyat has to physically lineup to renew the services, then the rakyat will be unhappy not to mention the penalty by gov. For HSR, rakyat still can take the plane. There is an alternative for HSR. For myeg, currently we don't have alternative. It is a case by case basis.

Frankly speaking, I don't think PH government will implement the system at any short term as they will need to fork out a huge sum of money and resources and requires a coordination between other departments and agencies. I am not saying it cannot be done but it will take time and a very strong political will between all departments. Let's think, which company or gov agency can immediately fill in the gap if gov terminate myeg services. Furthermore, myeg has contract with gov until 2020 for foreign workers permit.

For now and after 2020, the easiest way out for PH government is to outsource the e-services to other competitors which is fair and transparent. I believe myeg still has bigger market share against the rest of competitors as it already numerous infrastructure in place. With competition, the only downside is lower margin.

Yes, it was a crony company and no point harping on old political news as PH won already. Now PH gov has to provide the best system for the rakyat. Again no other compant can fill the gap now for myeg, it will continue to operate as it is for at least a few years. I believe the directors will renegotiate with PH gov and will continue to explore new business opportunities after election as well based on the vast resources they have.

It still have it's fair share of risk but currently it has been hugely discounted from 0.76. It is more or less a calculated risk to enter at this price level. Enough said. Evaluate yourselves and use your own judgment guys :)

Someone had bought a huge volume across the 6 reits, igbreit, sunreit, klcc, cmmtreit, ytlreit and hektar, and by a big margin. For example, igbreit last volume is 447500 units at 1.8? That's whopping RM800k. CMMT last volume 374500 units at 1.83. And we have not even counted on the rest of the reits? Either that person had key in wrongly in keyboard, or it is just very committed in window dressing for the end of the year

Dear bro kcchongnz, do you have any emails or contacts where I can send a private message to contact you? We would like to send you an invitation to a forum. You may just reply by direct replying to valerian1224@gmail.com to preserve your privacy. Appreciate your reply through this email. Thanks!

Bro midas_max and pirate 99, appreciate your input, agree with you that wct-wb looks risky now. But this is on the surface. If we really look deeper, things are slightly different:

1. There are 11 research houses which gives TP of around 3.17 to 3.93. That gives an average of 3.23 on the mother share. Personally I don't think WCT will pakat with all research houses to give good reports. We are talking about 11 research houses here, not a few.

2. If one is hardworking enough to read every research report from research house. There are a lot of projects(some worth RM1 billion) which are going to be announced by end of this year. More good news are flowing than expected.

3. WCT-WB expiry is April 2013. It still has 8 months to expiry. But as said, most projects are going to be awarded by end of this year. For WCT to surpass RM3.00 by end of this year is not hard. If WCT really reaches 3.23, it would worth be at least 70 cents.

4. Election and European economy situation has some risks, but would be minimized, considering WCT is diversifying its portfolio into property rental from Paradigm Mall, Premiere Hotel and the would-be completed KLIA2 Complex. Not to mention the future OUG commercial plot and Kemayan Mall. The incoming budget 2013 might have positive impact too.

5. That explains why at certain point last month when WCT is at 2.48, WB is still at whopping 35-36 cents. Anyway it is still at 2.65 now and on its uptrend mode. We can see some people and sharks still willing to accummulate due to potential upside.

Like bro Midas_max said, WCT need to cross 2.78 to earn money. Some contra players sold their shares because WB is moving slower than the mother. But for some people, WB is still much cheaper considering the upside of WCT. Of course it still have some risks, but looks to me that WCT only has rooms to go up though.

Cheers everyone!

This RM1 billion project will add up to the current RM1.1 billion orderbook.
The shows starts tomorrow?

halo bro 3pm, if bro chong is my son i would be proud of him.. hehe..

aiya doesn't matter who la, just wana give credit to bro chong coz he post info 24 hours one.. midnite to early morning oso can see him post msg..

Hi All,

1) One should be responsible in his or her own actions, that includes trading as well. One cannot blame others for people's recommendation, if it turns out badly. One should do his or her own homework to verify and it is his or her own decision to buy or sell.

2) Bro chong has been kind enough to post a lot of info and follow ups of wct. As far as i know, he is posting facts and reports rather than unverified rumours. In fact, he has done a good job.

3) Everyone has different style of trading, certain people might go for riskier stocks for greater profit, some are contra players, some are loooking into short term profit rather than long term profit etc. One cannot enforce his or her own idea onto another.

Personally, i still think wct is a good stock considering the vast inflow of projects and stable income and financial standing. Contra players will most likely get burnt considering the volatility of this stock until T+3 day.
However, if we look into the horizon of 1-3 months, we might be looking at a much more lucrative return than other stocks.
Anyway this is my own opinion. Of course, some might have different viewpoint. Thats the reason of this forum to share our ideas around, then we can analyze together :-)

I would like to give credit to brother chong again for the hardwork and patience in answering all our queries.

Cheers everybody!

if you look carefully at wct-wb, contra players sold off their shares at small lot but some buyers are accumulating at 500 lots at different intervals. we should stay still and wait..

today i already sapu wct-wb third round at 0.34 as well

Just added additonal lots today for wct-wb. Thank you bro chong

bro chong is a very patient guy, he has a good track record as well. He shares his experience which is a eye-opener for us

brother chong, can send to me? my email lankorleow@gmail.com
Thanks!