So many tried to sell and break 36.5c to no success. Buyers keep piling more and more. End up those who sold today lost out since it closed at high. Monday will have more show. Iris sellers lost.
if Shorting rage continue in IRIS, no point bagging 1.3 bill project... as the price only downtrend with hardly seen pumped up..but looks fake as downtrend resumes.. as compared to DNEX which is now trending ...and its potential is just like GREATEC n TESLA.. since it acquired SILTERRA...
KhalDrogo Stop looking (with intention to buy) at other stocks when you already in this stock unless you have extra capital... Be patient... Just stick to your own strategy and plan... 11/02/2021 12:34 PM ,
KhalDrogo, you are right. If my assumption is right, is going to be massive
The right way to make money with this counter is to buy when it reach 36.5 and sell when it reach 38.5 and buy again when it reach 36.5 and sell when it reach 38.5 and so on .. no need to aim too high
Posted by JohnFarmer458 > Jan 31, 2021 2:32 PM | Report Abuse
MYEG , Dsonic, Dnex , Scicom will have deep red on Tuesday
OOIii~~!! cheebye john, dnex almost 50cent wei, why your iris is still dumb like you. chee bye 20 years old investment experience, already more than a week kayu balak Iris cannot move.
stopbombing, all MyEG, Dsonic, Sciscom, Dnex, HT Padu prices are stable or up except Iris because it is the consolidation phase by the company to buy Iris at good prices like 0.35 to 0.385... due to ADX is still positive...
Trade cautiously even ADX is positive but MACD is still in negative and buying momentum is very weak, it is called sideway consolidation phase, waiting for break out at 0.405..
MACD and ADX are still negative and the buying momentum is very very weak, waiting for Breakout at 0.405 which is a bit risky now and trade cautiously and don't be greedy to buy...
Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth Tan Siew Mung / theedgemarkets.com
February 09, 2021 12:31 pm +08
Affin Hwang Research initiates coverage on MyEG as it expects the stock's valuation to rerate on strong earnings growth -A+A KUALA LUMPUR (Feb 9): Affin Hwang Capital Research expects My EG Services Bhd's (MyEG) valuation to rerate within the next 12 months, led by strong earnings growth, easing concerns over termination of its concessions, exciting new business prospects and high market liquidity.
Its analyst Isaac Chow initiated a "buy" call on MyEG with a target price of RM2.70, as he likes MyEG for its proactive management, good working relation with government agencies, strong 2021 earnings outlook and exciting new business opportunities.
As MyEG launched a vast array of new products and services in 2020, he also expects some services such as Covid-19 screening, MySafeTravel, online grocery, renewal of motorcycle road tax to contribute materially to the group's 2021 revenue.
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"Importantly, we are positive on MyEG's earnings outlook, expecting 18% year-on-year growth in 2021 core net profit driven by full-year contribution from the new services launched in 2020 and higher adoption of online services for its road transport segment due to the behavioural changes brought forth by the Covid-19 pandemic," he said in a report today.
Looking into 2022, he anticipates a rebound in the group's immigration-related services after the easing of lockdowns should more than offset waning Covid-19 testing revenue.
Chow expects MyEG's valuation to rerate strongly, driven by a strong pickup in quarterly core net profit.
"Its extension of road transport and immigration concessions in 2020 reaffirmed our view that MyEG offers good services and has healthy working relations with government agencies," he said, adding that MyEG is also working on exciting new projects including Zhifei's Covid-19 vaccine and digital banking services.
"Elsewhere, the potential reimplementation of the GST may fuel investor interest in MyEG, given the group's extensive experience in the GST monitoring-related project," he said.
At 12.05pm, MyEG rose eight sen or 4% to RM2.08, valuing the group at RM7.38 billion.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Legend
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Posted by Legend > 2021-02-11 12:42 | Report Abuse
Happy Chinese New Year. Hope the days ahead are filled with immense joy and prosperity.