Datasonic is considered one of the potential stocks.
Recently it has been priced around 0.5. The price is really attractive. Taking a view of its 1yr price technical chart trend, it's considered at the low point.
It will probably bounce up back when near arrivals of vaccines in Malaysia this Feb month end. It has the core business for our identity card IC chips, bank credit/ debit card chips, also producing our passport, etc..
Having confidence in Datasonic, when pandemic situation getting better with arrival of vaccines soon. It will reflect its actual price.
(Other than above, Datasonic potentially obtains projects from Government, outlook as per below: -)
1- Foreign Worker Card (i-KAD Project) approximately 100m valued project
2- Digital MyKad (e-KYC)- Digital IDs for all
3- Electronic Medical Record (EMR)
It's worth buy now, since the price is really attractive.
(Just my opinion, no call buy/ sell suggestion involved)
Tourism is one of our most important sectors. Reopening of border would be crucial to revive our economy, Not sure how soon would it be done, just wait patiently
Chart analysis not workable on dsonic. But to those ppl who still holding on this stock are usually long term investor. I'm here for months. Still holding.
Taka47 Chart analysis not workable on dsonic. But to those ppl who still holding on this stock are usually long term investor. I'm here for months. Still holding.
Bro, in mature market like US, TA chart is good reflection of investors' behavior. In Bursa, it is to be drawn....
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.
Advertisement
"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....
Taka47
297 posts
Posted by Taka47 > 2021-02-08 19:41 | Report Abuse
Sorry bro. My CBB mean chew Ben Ben.