EG INDUSTRIES BHD

KLSE (MYR): EG (8907)

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Last Price

1.93

Today's Change

-0.01 (0.52%)

Day's Change

1.93 - 1.97

Trading Volume

11,700


22 people like this.

13,921 comment(s). Last comment by mf 1 month ago

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:02 | Report Abuse

die until you dont know

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:02 | Report Abuse

Thanks for sharing Tradeview bro... Looks like the panic in the morning subsided. Will look to hold

Posted by StockLearner > 2017-02-16 11:11 | Report Abuse

Thanks Tradeview. I agree with your 3 points. HOLD.

Posted by Lukesharewalker > 2017-02-16 11:14 | Report Abuse

If there is an acquisition it should stated in the news release.
But the biggest red flag is it is not announced with results

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 11:15 | Report Abuse

Hahaha , I knkw mini bull hated this kind of Corporate exercise.
Juz try to think beyond that lar ...

I find it proper and is the best for Eg and the shareholders so far, try to imagine if the Tai family didn't do anything .... what would be the price for Eg now ? Likely below 10 cents I think... When there are bright prospect ahead with the synergies from T.t. and Alex pang highlt execution on all sylinders , I'll put faith kn EG lor ...

aiboon

296 posts

Posted by aiboon > 2017-02-16 11:15 | Report Abuse

u see TGuan....how its histories...sohai mini bull

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:16 | Report Abuse

Lukesharewalker, it is stated here that the rights issue to acquire new business and not paying debts can look look http://www.thesundaily.my/news/2163859

Posted by why_no_dividend > 2017-02-16 11:17 | Report Abuse

Agree with Ramada and ChinaBoleh. Past record show EG only has RI. The last 1 in 2015 then this year and again next year?

Posted by Ramada > Feb 16, 2017 10:51 AM | Report Abuse
Management team too young. They don't know how to reward their shareholders. You guys should run as fast as you can and don't look back again.

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:18 | Report Abuse

EG no rights issue in 2015 la. Private placement not Rights issue.

Posted by Lukesharewalker > 2017-02-16 11:22 | Report Abuse

They can say anything, it's what they do. Who's going to stop them from using it for borrowings especially when the company has cash flow problems. Let the company die because of what it is stated?
Most right issues states acquisition

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:24 | Report Abuse

aiboon u see TGuan....how its histories...sohai mini bull
yes, i am

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:26 | Report Abuse

It is stated in the news report by Alex Kang CEO, of RM60+ million, only RM10 million pay debt. The rest to upgrade machinery + acquisition. Read carefully please before commenting. The company earnings have been improving YoY, why so worry? If loss making can understand worry. EG far from loss making. Cashflow comes from earnings.

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:27 | Report Abuse

the most important thing....................is sure no dividend

newbee

204 posts

Posted by newbee > 2017-02-16 11:27 | Report Abuse

Tradeview and venfx, how about eg wc? Worth buying now?

Posted by why_no_dividend > 2017-02-16 11:27 | Report Abuse

T Guan no RI but pay dividend. EG different.

Posted by Mini Bull > Feb 16, 2017 11:24 AM | Report Abuse
aiboon u see TGuan....how its histories...sohai mini bull
yes, i am

rong93

85 posts

Posted by rong93 > 2017-02-16 11:29 | Report Abuse

10m to repay borrowing?

rong93

85 posts

Posted by rong93 > 2017-02-16 11:32 | Report Abuse

will rcps price fluctuate?

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:33 | Report Abuse

only recommend to buy after corporate exercises

Posted by Lukesharewalker > 2017-02-16 11:36 | Report Abuse

The fact the bonus is attached to the subscription shows how desperate they are....

Posted by why_no_dividend > 2017-02-16 11:38 | Report Abuse

Those hate EG RI can try HSSEB. QR already announced with EPS 2.52 sen.

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:42 | Report Abuse

lao sai soon...

Woo John

552 posts

Posted by Woo John > 2017-02-16 11:42 | Report Abuse

RI is common issue and ppl just over reacted. Once settle, the price will adjust according to market.

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:43 | Report Abuse

why so funny? promote other counter in EG forum. Dont like EG because no dividend but HSSEB also no dividend. Why u invest le? Can share...

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 11:44 | Report Abuse

After reading all sifus comments and read tbe RCPS prospectus, I'm planning to sell car sell house to court the daughter liaw ...xp

Mini Bull

797 posts

Posted by Mini Bull > 2017-02-16 11:49 | Report Abuse

VenFx don't sell your underwear laaaaaa

musangfoxking

3,614 posts

Posted by musangfoxking > 2017-02-16 11:51 | Report Abuse

rights issue at 0.95... meaning the price will be pushed up > 0.95!!!! what say u?

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 11:52 | Report Abuse

I can sell it to u first, it's the jacky chan style.
With a mini bear , limited edition.

zhangliang

728 posts

Posted by zhangliang > 2017-02-16 11:52 | Report Abuse

finally someone who make sense. Good one VenFX and Musangfoxking

TATOWER

365 posts

Posted by TATOWER > 2017-02-16 11:54 | Report Abuse

Push up and later come down,what is the use ? Ven Fx wife also will go to pawn shop later, lol

Posted by why_no_dividend > 2017-02-16 11:54 | Report Abuse

HSSEB 40 sen cheaper and net cash stock unlike EG net borrowing hence need RI.

Posted by zhangliang > Feb 16, 2017 11:43 AM | Report Abuse
why so funny? promote other counter in EG forum. Dont like EG because no dividend but HSSEB also no dividend. Why u invest le? Can share...

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 11:55 | Report Abuse

Mini _ bull , shall change your name mini bear xp

Posted by why_no_dividend > 2017-02-16 11:58 | Report Abuse

Until QR is announced those buying EG is a gambler whereas HSSEB QR already out.

Posted by Lukesharewalker > 2017-02-16 12:01 | Report Abuse

Don't forget there is a substantial holder in cimb who has been selling...that's 11 million shares

Posted by Lukesharewalker > 2017-02-16 12:03 | Report Abuse

Hsseb already pe 10...

Posted by why_no_dividend > 2017-02-16 12:05 | Report Abuse

How you calculate? 9 mths EPS 4.92 sen.

Lukesharewalker Hsseb already pe 10...
16/02/2017 12:03

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 12:05 | Report Abuse

Funds usually looking for a longer term.
Somemore, cimb always has bigger hearth for their pick.
Good for cimb & Eg lor.

Posted by why_no_dividend > 2017-02-16 12:07 | Report Abuse

If EG QR good why announce RI now?

Posted by Lukesharewalker > 2017-02-16 12:12 | Report Abuse

Mistake...9 months is it?

Exactly why can't wait another week?

Posted by millionology > 2017-02-16 12:16 | Report Abuse

Disposed ALL my EG already.

Posted by why_no_dividend > 2017-02-16 12:18 | Report Abuse

Agree EG RI announcement can be delayed.

Posted by Lukesharewalker > Feb 16, 2017 12:12 PM | Report Abuse
Mistake...9 months is it?
Exactly why can't wait another week?

Posted by StockLearner > 2017-02-16 12:20 | Report Abuse

My view is result is good but announce earlier so that those of you thinking that result is not good & need extra money to subscribe, so SELL off your holdings. Then, the market maker will take away your stocks. Waiting for 1 year and finally cheated by market maker again because you sell off already...

Posted by Lukesharewalker > 2017-02-16 12:23 | Report Abuse

Don't think things are so complicated...haha
Grabbing at straws

newbie4444

1,264 posts

Posted by newbie4444 > 2017-02-16 12:25 | Report Abuse

sifus I heard RI mean QR is poor and hence need RI for expansion.

Posted by Lukesharewalker > 2017-02-16 12:28 | Report Abuse

Note the volume push up and sell down...similar

newbie4444

1,264 posts

Posted by newbie4444 > 2017-02-16 12:29 | Report Abuse

If coming QR EPS 2 sen good?

Posted by Lukesharewalker > 2017-02-16 12:30 | Report Abuse

OMG

lwyy60

477 posts

Posted by lwyy60 > 2017-02-16 12:31 | Report Abuse

Usually right issue will dilute the share, share will drop & rise into price suitable for issue price like right issue on 2015. The things is price maintainced around 80c which r good thing.

VenFx

14,784 posts

Posted by VenFx > 2017-02-16 12:31 | Report Abuse

Haiyoyyo,
T.T. ceo has already said in the press one month earlier lar.
I don't any fishy thing here, to put in officially announcement and seek necessary permission by next EGM .

Genuine investors has made necessarily move lar.
Some heavy weight investors already adjust or adding furthur weight for EG-wc few months back lor.

Posted by Lukesharewalker > 2017-02-16 12:32 | Report Abuse

Support at 88.....now

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