EFORCE 0065

PE : 25.34

SHARE ISSUED : 422.81 MILLIONS

SYARIAH : YES

SECTOR : TECHNOLOGY ; SUB SECTOR : SOFTWARE

DIVIDEND YIELD : 3.66%

NTA : 0.12

RECENTS NEW DEVELOPMENT :

MAJOR SHAREHOLDER RELEVANT NEWS:

14 Jan 2019

Malaysia’s Securities watchdog will have powers to regulate digital asset offerings and crypto exchange.  The prescription order mean that token offerings and exchanges would required approval from the SC before starting operation and would have to comply with securities law in the country.

Source obtain from https://www.coindesk.com/malaysia-to-regulate-icos-as-securities-offerings-from-tuesday

3 Nov 2018

Asia Internet Holding Sdn Bhd had pledge 50 million MYEG shares to bank to raise funds to subscribe to ICO issued by a developer.

Source obtain from https://www.thestar.com.my/business/business-news/2018/11/03/furniweb-in-focus-cut-the-red-tape-malaysia-more-clarity-needed/

TECHNICAL OUTLOOK :

CHART FORMATION : BOTTOMING UP

VOLUME PATTERN : SLOWLY INCREASING BUYING INTEREST

SH TREND : BULLISH ( OCCUR ON 1 JULY 2019)

RSI : 53.82 ( BULLISH )

B-BAND : POSSITIVE TERRITORY

MACD : MID BULLISH

CURRENT PRICE : 0.41

SUPPORT : 0.37 ; 0.39

RESISTANCE : 0.445 ; 0.455 ; 0.505

INVESTMENT MODE : MODERATE

TRADING MODE : MODERATE

PERSONAL OPINION :

We are seeing Jeff Wang (FOUNDER OF E-FOCE) keep on disposing his stake holding in Eforce as well as Brahmal Vasudevan as well. Do take note on this. But personally I guess Brahmal is allocate his fund to invest into MR. D.I.Y IPO upcoming listing in Bursa. Why am I saying so? Brahamal being the founder of Creador Fund and yet MR. D.I.Y is one of the portfolio which Creador fund is holding. So, it make sense to cash out to allocate into MR. D.I.Y. Purely my personal opinion, nothing to do with insider trading as I don’t know him or he know me either way. With the recovery of trading sentiment, believe EFORCE will benefit as trading interest getting higher as they will earn more when they collect fund from broker.

On top of that, we are seeing NEW BURSA CEO stepping in wishing to make Bursa become exchange for every asset class that can be tradeable which is his vision. If this come true, surely it will benefit IT VENDOR such as N2N or Eforce if there is any integration of the other asset class into stock broking trading platform. There is nothing much excitement news on EForce. Let watch out for the price volume action and decide our own investment decision. Beside that, we notice it actually start to bottoming up from the recent low. If the momentum would to continuous, then risk reward make sense for us to enter at current price.

Information can be obtain from : http://creador.com/portfolio-companies/

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Disclaimer: Trade at your own risk. Above information is for educational sharing purpose. It does not solicit any buy/sell recommendation. Kindly consult your dealer/ remisier before making any investment decision. Author does not hold any legal responsibility for any losses occur from your personal trading/investment activity.