it wouldnt be like last time already, second time usually higher

apple168 u nyanyuk is it

apple168 I hope your Malaysian taikun kyy throw all his HengYuan shares.. by then, we shall see HengYuan at 2...

he already thrown all his shares la.

u all very funny, where all those TP come from? RM2? RM4? RM6? pluck from sky arrr

Reasons for lower net profit for Q1 2018:

1. There is a rm 22mil tax incurred in this quarter (Q1 2018), should be a deferred tax .

2. the purchases is higher at RM 2,887,057,000 compared to RM 2,535,953,000 for Q1 2017. This makes the slight increase in revenue not apparent.

3. Higher finance cost (RM 28,371,000) due to higher borrowing.


Overall, the financial position is still good, and the selling down is overdone.

leweko how are u now?

NAPS RM 5.9531, I think near bottom already

Hengyuan Refining Co Bhd’s 1Q2018 net profit fell 69.0% Y.o.Y to RM86.8 mln as margins fell due to a lower crack spread for motor gas. Revenue for the quarter, however, increased 4.4% Y.o.Y to RM3.06 bln. (The Edge Daily)

UOB Kay Hian Research upgrades MyEG to Buy on weakness

KUALA LUMPUR: UOB Kay Hian Malaysia Research has upgraded MyEG Services to buy on weakness as the government service provider’s risk-reward profile has turned positive with share price having plunged 65% over the past few days to trade close to its assessed trough value of 84 sen.

In its report issued on Friday, it said this comes on the back of heightened fears of political risks, following Pakatan Harapan’s general election win last week.

“The risk of its GST monitoring system being scrapped has been fully discounted, and more importantly, we foresee the concession of its efficient e-government portal being continued.

“However, we cut our target price to RM1.06 to acknowledge the fluidity of sentiment,” it said.

To recap, MyEG shares plunged 65% this week, closing marginally above the third limit down price of 89 sen.

UOB Kay Hian Research said MyEG was already trading at two standard deviation (SD) below its historical price-to-earnings (PE).

It pointed out that MyEG already traded close to its current assessed trough valuation of 84 sen, based on 10 times forward core PE.

Based on its assumptions, foreign worker-related services and road transportation account for approximately 75% and 20% of FY19 revenue respectively.

Specifically, government-related services contributed about 20% of FY17 revenue, with the remaining top-line coming from MyEG’s added-on services for the e-government concessions, primarily insurance.

“ In a worst-case scenario, MyEG could potentially lose its monopoly in e-government concessions while its added-on services could possibly face an open tender threat.

“As such, assuming a 30% market share loss each in its e-government concessions and added-on services, MyEG’s FY19 and FY20 core net profit would fall by a range of 29%-39%..

“MyEG bought back 10 million shares at RM1.27 on Tuesday, and another 20 million shares at RM1.07 on Wednesday, cumulatively representing 0.8% of its paid-up capital,” it said.

UOB Kay Hian Research prior to the recent buybacks, MyEG had only 10 million of treasury shares. MyEG had a net cash position of RM115.8mil as at 2QFY18.

Read more at https://www.thestar.com.my/business/business-news/2018/05/18/uob-kay-hian-research-upgrades-myeg-to-buy-on-weakness/#S6q0yVldT3A0i6f1.99

MyEG boss states case for new govt to continue using company’s services

PETALING JAYA: Government service provider MyEG Services Bhd managing director and single largest shareholder Wong Thean Soon does not see any reason for the new Pakatan Harapan government not to continue using MyEG as the service provider for e-government services.

Presently, MyEG’s various projects are grouped under the e-government concession which was awarded in the year 2000.

“MyEG, as a service provider to the government, has to work for the government of the day.

“We believe that we are a professional organisation that will continue to provide a high level of service to the government, moving forward,” said Wong.

Having said that, Wong added that MyEG is at the service of the government, and hence whenever the government wishes to discuss its new policies or requirements, MyEG will always be ready.

On the lesson to be learnt from this whole experience, Wong said that the rakyat and consumers are king, whether in politics or business.

On what MyEG can offer the new government, Wong said simply: “We offer a highly efficient service at a very competitive rate.

“I see opportunities in everything, whether during good or bad times. I am an optimist, I guess,” he said.

He added that there were no plans for management to change its shareholding significantly.

MyEG, which had a market capitalisation of some RM9bil prior to the 14th general election (GE14), has lost close to RM6bil in market cap over the last four days, because it is seen to be related to the previous ruling coalition.

On Wednesday, Bursa Malaysia had set MyEG’s lower limit price at RM1.27, following two consecutive days of the stock hitting limit down. MyEG again almost hit limit down on Thursday, with its share price shedding 36.5 sen or a 28.74% drop to 90.5 sen on a volume of 481.45 million shares.

The stock is now trading at a price earnings ratio of 14.5 times from its previous 45 times before GE14.

Wong owns some 30.26% of MyEG via his vehicle Asia Internet Holdings Sdn Bhd, and 7.76% under his name.

Based on Thursday’s closing price of 91 sen, Wong is still a billionaire and worth roughly RM1.24bil.

Meanwhile, the Pakatan Harapan government has delivered one of its key election promises by effectively abolishing the goods and services tax (GST). In a statement issued on Wednesday, the Finance Ministry said goods and services subject to the GST would be zero-rated from June 1. Wong said that the company has spent close to RM150mil on its GST programme, where it has acquired close to 20,000 dongles, and there are grounds to seek compensation should the programme be cancelled.

“We understand from the media that the GST would now be replaced with the sales and services tax (SST). Our system was originally designed for the SST, so we hope that we can revert to our original system.”

While there are grounds for compensation, Wong said that the company never likes to seek any form of compensation from its clients, in this case the Government, and in the past, has never done so.

“We prefer to discuss to achieve a win-win situation,” he said.

Presently, MyEG’s various projects are grouped under the e-government concession as one of the MSC flagship applications. This concession was awarded in the year 2000 after an open tender.

In order to continue operating under this new environment, Wong said that it is important to understand what the government’s new or additional requirements are, and ensuring that these requirements are met.

While many still see MyEG as a government concession, currently, only 20% of its revenue is derived from the government.

Some 80% of MyEG’s revenue is derived from non-government-related products and services. MyEG has also started its Philippines operations, which it is very excited about.

“The Philippines since it is a huge market, given its population, is practically a landgrab.

“Our initial projects have been well received and we are now scaling up,” he said.


Read more at https://www.thestar.com.my/business/business-news/2018/05/18/myeg-boss-states-case-for-new-govt-to-continue-using-companys-services/#vLVcuGpyfyid161P.99

true

"trading platform wont die becuz of changing government"

how?

now can buy?

21.5c left 6 hands only

Circular/Notice to Shareholders
PUC BERHAD

Subject CIRCULAR TO SHAREHOLDERS OF PUC BERHAD (FORMERLY KNOWN AS PUC FOUNDER (MSC) BERHAD) ("PUC" OR THE "COMPANY") IN RELATION TO: PART A (I) PROPOSED ACQUISITION; AND (II) PROPOSED DIVERSIFICATION; PART B INDEPENDENT ADVICE LETTER TO THE NON-INTERESTED DIRECTORS AND SHAREHOLDERS OF PUC IN RELATION TO THE PROPOSED ACQUISITION; AND NOTICE OF EXTRAORDINARY GENERAL MEETING

big disposal by EPF , u wait for the announcement next week and see!!!

James u are idiot

PARIAH COUNTER NEVER CHANGED, JUST LIKE DOG EAT SHITS NEVER CHANGED

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

PDT (short sell trader) license now not worth money liao, now "EVERYONE CAN SHORT"

SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN SELLING DOWN

NAJIB KASI SHORT SELL , LAGI GENG

AMANAH SELLING DOWN , U GUYS SENDIRI PRAY GOD

PARIAH COUNTER UMWOG..........

PARIAH COUNTER UMWOG..........

so how now?

i queue 8.5c block u

hoot

got ppl kena margin call cut all at 11c before 4pm

I cut 42c liao la

Ivan Chan 陈先生在umwog 0.43高追，这个也是是高追。。。

can u tell me why got people eat so many 11.5C

tingtongtiang, what the reason u buy this PA

wait people cut lo now, hope they throw me

u tell me 11c can queue or not?

i also queue perisai 4 cent never get @@

ok

Yu_and_Mee I still queue at 0.08 for the mother xD, never give up. Queue for 1 month.

11cent can get meh?

guys just queue buyers, dont eat seller ya

guys please dont eat 12c just queue buyer side will do

5 LOT to attend AGM is it

Posted by Lee Yih Yeong > Jan 25, 2018 03:56 PM | Report Abuse

So confident. I bought 5lots this morning

just wait people sell me only

now oil price up , more focus will be on renewable energies

just wait la, if ppl want sell mah let them sell lo, i waiting them sell me

ytd already hit 12c right before the announcement. as the revenue will flow in 2018, so just wait la