EG industries is being takeover by Singaporean from WE holdings and Jubilee. They have bought over stocks from existing Malaysian. And also converted EG-WA into mother shares. Right issues also being taken up. Everyone who bought EG before EG-OR birth would have made at least 10-15% profit. I foresee upon 11/11/2015 EG-W listing, investors who bought EG-OR and converted it would have 20%-25% profit. If hold it till next year end...... it could be a double up Next SKPRESS in the making.
Singapore isn't competitive enough anymore on manufacturing. Singapore is using EG ( Sungai Petani & Thai ) as a vehicle to bring in contract manufacturing job.
TRAMIGO is one of them. And TRAMIGO positive $ will be coming in on 2016.
EG's has a non operating income of RM17m, that means they are earning RM8m only for financial year 2015, P/E at 22x as at historical, hmm wonder how will it go going forward
this happened to tasking last year when they reported rm9m profit on q2 2014, people thought can repeat, chinos to 90cents, all kaput after that haha, must study more detail la brothers and sisters
not saying eg don't have potential, but if u buy because u said p/e only 5x it is misleading
FYI EG's projects TRAMIGO is coming in. And hopefully more. BTW, EG is my best bet this year. We need to thank their sincerity. Almost 100% within few months excluding free warrants. Stocks is all about profit. Even PE 3 also useless if the stock price is in coma.
This Eg fail to close at below$0.75, meaning to say it still have support. My take is hold, 1/3 blok are standby to sell.Overall trend still strong. But, got to realize some profit . That's my strategy. 3/3 blok usually are free ,will stay and enjoy the Div.
Ven Coming Wednesday Right issue listing of 1.5 times of earlier capital It will drag down the price How to substain at 75 Cts Look out for warrant listing
They have venture into Smart Home , will becoming the pioneer in this sector Return/risk are high. Nothing for sure so far. But I'm juz ikan bilis , I take this change and wait patiently. No kidding, Penta trending are healthy and fir The Rosy Return it might take me 6-17mth.
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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....
Simon Ngiaw Wei Si
55 posts
Posted by Simon Ngiaw Wei Si > 2015-11-02 11:27 | Report Abuse
any tp?