Most people do not think and act rationally.
So, because of that we have opportunity to profit!

Could this be the darling stock, come 2017???


CIMB RESEARCH'S TARGET FOR MYEG = RM4.71


Government “e-service provider”
● MyEG is the country’s main “e-service” provider. Services provided include car roadtax renewal, car insurance renewal, foreign workers permit renewal, car transfer ownership services and registration of illegal foreign workers (IFWs). Its customers are mainly the public and not the government. Bad debt is never an issue as most collection is in cash or credit card transactions.

GST monitoring project to kick off in 1Q17
● Two projects are expected to drive MyEG’s earnings growth over the next few years: i) GST monitoring project (GMP) and ii) registration of IFWs and foreign workers work permit renewal (FWWPR). The GMP project is targeted to take off in 1Q17. Amendment to the law was recently approved by Parliament and it would soon be compulsory for all F&B and retail outlets to have a MyEG gadget attached to their cash registers. GMP project is targeted to go live on 1QCY17.

Track GST sales on a live basis
● GMP Phase 1involves installation of its dongles at 50,000 F&B outlets nationwide and MyEG gets paid RM1,000 per F&B outlet annually. Phase2, which involves installation of its dongles at 500,000 retail outlets nationwide, should start one year after the start of Phase1. In Phase 2, MyEG also gets paid RM1,000 per retail outlet annually. In our earnings forecast, we have assumed GMP Phase 1 starts in Jan2017 while GMP Phase 2 starts in 1QCY18.

The whip is out
● In Dec-2016, two foreigners were sentenced to 20 years jail and three strokes of caning and four Malaysians were fined RM480,000 (or 9 years jail) by the Session Courts, for allowing 24 illegal immigrants to enter and stay in their premises. We understand the sentences were the heaviest penalties in the history of the Immigration’s prosecution. We believe this indicates the government is serious about the registration of IFWs.

Target 1m IFWs to be registered in FY16/17
● The severed punishment should encourage small medium enterprises (SMEs) to register their IFWs. According to a daily, 70-80% SMEs are currently using IFWs. As at end-Jun, 300,000 IFWs were registered and we target 1m IFWs to be registered in FY16/17. We are confident MyEG could reach our target and the numbers could actually surprise on the upside if more SME employers register their IFWs over the next few quarters.

Sharon, Yes you still get your dividend if you sell today - Ex-Divided today and yesterday's closing price of the share (you see today) has been adjusted downwards by 1 sen, the amount of the dividend.

I will buy on dips O:)

Current situation...

The pull back of the price from the high of 2.53 is about 40%

The price may continue to go down further, but how much more it really goes down after the 40% pullback?

Factors to consider:
1) Today it went down to 2.35 and end the morning session at 2.37. Support level now at 2.36 (EMA 20 days)

2) Business wise, with the opening of The Top at Komtar, revenue will surge and coming quarters results will be better and better, I guessed.

Yes, OWG's stochastic was in "Overbought Territory" on 16 December when the price hits high of 2.53, low of 2.46 and closed at 2.50 with a DOJI candlestick (indecision). Doji at the top, that was a very clear warning signal!

So, on 19 December it opens at 2.50 and shortly thereafter, it turns red! That was the time we SELL.

That's trading based on technical analysis. Well, the chart is accurate because it is just a (mirror) reflection of the sentiments of the buyers and seller.


Remember, that target will not be reached immediately as share price do not go up or down in straight line.

If you look back, on 22 December 2015, share price spiked from 2.27 and closed at 2.43. On 23 December 2015, it continues to go up and closed at 2.60. After the holidays, on 28 December 2015, the share price went up as high as 2.66, and only hits all time high of 2.75 on 15 January 2016. In between 22 December 2015 and 15 January 2016, it went down to as low as 2.40 on 8 January.

Chartwise, DNEX looks good

Seems like they have planned the AGM well, after the launch of Komtar Top... Maybe, just maybe they might also planned something "special" to be announced during AGM O:)

AGM today?

I support Cheshirecat's view.

Chartwise, doesn't look good...

Doji on 16 December followed by "gap down" opening on 19 December and closed below the T-Line. This is a very clear trend reversal signal, downwards!

Today's Candlestick = Gravestone Doji

So, indecisiveness for the past 3 trading day with price moving down from high of 1.32 to 1.26 (today's closing price - below T-line!)
Stochastic = Downtrend (Bearish territory)
RSI = <50 level

(I would like to declare that I do not have any position in Dsonic)

http://www.freemalaysiatoday.com/category/nation/2016/12/18/the-top-hopes-to-climb-to-peak-of-must-visit-tourist-list/

http://www.thestar.com.my/news/nation/2016/12/18/penang-hill-needs-cable-car-connection-says-nazri/

on 15 January 2016, it hit all time high of 2.75

Will History Repeat Itself???

On 22 December 2015, share price spiked from 2.27 and closed at 2.43!
On 23 December 2015, Share price continue to go up and closed at 2.60!!
After the holidays, on 28 December 2015, the share price went up as high as 2.66!!!

Cheshirecat, based on my chart one should not be holding (buying) this stock since 30 September because its price was below the T-line until recently, 9 December...

Bonus issue of up to 1,202,102,000 new ordinary shares of RM0.10 each in My E.G. Services Berhad ("MYEG") ("MYEG Share(s)") ("Bonus Share(s)") to be credited as fully paid-up on the basis of one (1) Bonus Share for every two (2) existing MYEG Shares


Kindly be advised of the following :

1) The above Company’s securities will be traded and quoted “[Ex-Bonus Issue]” as from: 28 Dec 2016
2) The last date of lodgment : 30 Dec 2016

3) Retention Money: Where securities are not delivered in time for registration by the seller, then the brokers concerned:-
a) Selling Broker to deduct <1/3>, of Selling Price against the Selling Client
b) Buying Broker to deduct <33.33%>, of Purchase Price against the Buying Client
c) Between Broker and Broker, the deduction of <1/3>, of the Transacted Price is applicable.

Remarks;

1) "Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 30 December 2016 with bonus issue of MYEG shares of RM0.10 each, any shareholder who is entitled to receive MYEG bonus issue shares, may sell any or all of his MYEG shares arising from the bonus issue beginning the Ex-Date (28 December 2016).

For example, if Mr X purchases 200 MYEG shares on cum basis on 27 December 2016, Mr X should receive 200 shares on 30 December 2016. As a result of the bonus issue, a total of 300 MYEG shares will be credited into Mr X's CDS account on the night of 30 December 2016 being the Book Closing Date. Therefore, Mr X can sell the bonus issue shares of 300 on or after the Ex-Date ie from 28 December 2016 onwards."

2) The date of the listing of and quotation for the Bonus Shares shall be on 3 January 2017, being the next market date immediately after the entitlement date. The notices of allotment will be issued and despatched to all the entitled shareholders of MYEG within four (4) market days after the date of the listing of and quotation for the Bonus Shares on the Main Market of Bursa Malaysia Securities Berhad. Entitled shareholders are not required to take any action.

Technical Analysis:
Current Price is Above Trend-Line = Uptrend
Opened higher than previous close (a Doji candle) = Should trend higher
RSI rising, and in bullish territory
Stochastic = Uptrend
MACD = Uptrend

Technical Chart...

Price move above the t-Line (Uptrend)!

Stochastic is uptrend.
RSI moving up...
MACD positive!

GAMUDA-WE

Technical Chart...
Was below T-Line (downtrend) since October.
Now it is above the t-Line!
Stochastic ticked up from Oversold territory.
RSI moving up...
MACD positive!

Busy 2017 for Gamuda with RM28bil MRT2 and township projects...

http://www.thestar.com.my/business/business-news/2016/12/13/busy-2017-for-gamuda/

Reminder: From posting above...

"Initial resistance is anticipated at the RM1.10 mark. A breach of this year’s peak of RM1.25, followed by a convincing breakout of the next upper hurdle of RM1.37-RM1.40 will signal a bullish turnaround. So, look out for that."

Price above TLine
Uptrend!

OVERSOLD...

Based on the daily chart, the primary trend indicates UEMS is still in the midst of constructing a concrete platform for recovery after finding a shelter at the 75.5 sen on Aug 25, last year, but there is a probability the process is nearing the tailend, with prices rising the past three days to reach a six-week high during intra-day session yesterday.

Investors can consider taking up a position while it is still trading at attractive levels, if one is optimistic.

Initial resistance is anticipated at the RM1.10 mark. A breach of this year’s peak of RM1.25, followed by a convincing breakout of the next upper hurdle of RM1.37-RM1.40 will signal a bullish turnaround. So, look out for that.

As for the indicators, the oscilltor per cent K and the oscillator per cent D of the daily slow-stochastic momentum index were on the rise. It had issued a short-term buy a shade above the neutral area on Thursday.

Mirroring the upward thrust, the 14-day relative strength index firmed from a reading of 25 on Tuesday to settle the week at the 58- point level.

In addition, the daily moving average convergence/divergence histogram expanded sharply against the daily trigger line after flashing a buy signal on Thursday.

Technically, indicators are pretty encouraging, implying UEMS shares are likely to advance in the immediate term and if the bulls could attract significant interest to sustain the trend ahead, a turnaround will come about naturally.

A fairly solid support is pegged at the 92.5-sen level, also this year’s low. A crack of this floor will probably drag prices down to the 75.5-sen mark. – By K.M. Lee (The Star, 10 December)

The comments above do not represent a recommendation to buy or sell.

Price do not follow fundamentals.
Price determined by MARKET SENTIMENTS...

However, if the company has good fundamentals, it is JUST A MATTER OF TIME for the market to react to its fundamental value.

MYEG moved above the T-Line this morning
Bullish trend

Price retraced higher than the Gap Down level on 30 November - Very Bullish!!!

If you refer to the notes to the accounts, it was stated that computations were based on

(1) Current - Based on the issued and paid-up share capital of 233,999,990 ordinary shares.
(2) Previous year - Based on the issued and paid-up share capital of 226,499,990 ordinary shares.

Johny Khong,

The figures were reported by Bursa

I was a Victim of Vivocom, but now NO MORE...

The method I use to change my opinion of the market when I’m starting to realize that I am wrong is to say to myself, “If I had no position on, which side would I like to be on?” Questioning myself makes it a little clearer that I should not be in that position anymore; the hard part is actually getting out of it.

When it comes to being objective about a fundamental idea remember to not think with your position. Two people can hear the same news and look at it completely differently because of their positions. A typical example occurs when an economic number comes out that is good for the economy. Those who are long-biased will think, “Wow, the economy is doing great; this market will keep going up.” Those who are short will look at it and think, “Great, the economy is getting too strong; the Fed will not cut interest rates again, so the market should sell off.” The market can go either way in these situations. The market will tell you where it should go, and your opinion doesn’t mean anything to the market. By focusing on the market and not on the fundamentals, one can be more objective and have a better grasp of what is going on.

Confirming your fundamental opinion by looking at charts will definitely improve your trading. As a trader you must be willing to change your opinion often because the market never stays the same. Don’t get opinionated in a trade. If it doesn’t react the way you thought it would, get out and move on. A lot of traders fail because they hold on much too long if they believe the market has to move with the news.

As for breaking news and reports, don’t forget that the market already may have discounted them in its price. Jumping into a trade on the basis of a news-related event is not a high probability trade; it’s more of a gamble than anything else. Instead, try to determine what should happen and then react according to what the market does.

Again, I have to drill this into your mind: you CANNOT achieve consistent success in trading if you RELY PRIMARILY ON WHAT ECONOMISTS SAY through the mass media and publicly accessible reports.

Is it good news or bad news?
What defines good news is often subjective and hard to determine because good economic news can be counterproductive to getting the Fed to cut rates. It seems that the Fed’s reaction to every piece of news that comes out is more important than the news. Traders need to be alert to a situation such as the bad unemployment data. Yes, it’s bad for the economy, but if the economy gets worse, the Fed may cut rates, or at least not raise them, and that will make the market rally. This type of news can make a currency rally even though one would perceive it as negative news.

My Advice: Stay flat when news is released. Again, let the market settle down before doing anything.

Don’t marry a fundamental opinion
One mistake that traders who focus too much on fundamentals can fall into is to get an opinion in their heads and stick with it even after the market turns. I’ve seen too many traders get hurt as they fight the market when they are clearly wrong, believing the market should go the other way because of some fundamental reason.

My Advice: Change your opinion. It’s not easy to change an opinion based on fundamentals, which is why you must always get the whole picture and keep looking at the technical driving the market. A chart won’t lie to you: It tells you the market is going up, down, or sideways. Don’t fight it. It doesn’t pay; just get out and reevaluate.

Pitfalls to Avoid When Reading News
2011-02-02 L. C. Chong Fundamental Analysis, News, Shares Investment

Although reading news and economic reports are one of the ways to gauge market sentiment, there are few pitfalls that I want you to avoid.

If you know it, you’re probably not the first. 
Many novice traders read an article in the newspaper and websites, and then barrel into a trade, not realizing that the news was discounted in the market days or weeks earlier. They forget that top trading firms have departments whose job it is to know exactly what is going on with any given market before it becomes general knowledge. They have economists and analysts who are always trying to be one step ahead of everyone else. More important, they can get to the source of the news before anyone else can.
Think about it: Most of the time when the public gets information, it has to hear or read a news story somewhere. That means that someone already knows it. For if you see a story on Reuters, the reporter had to type it in first, and so he had to know it before you; that means he got it from someone else who knew it before he did. What makes you think that the chain is that short? The story easily could have found its way to a trading desk at Goldman Sachs by the time it reached the reporter, and by the time he reports it and you hear it, a trader at Goldman could have reacted already.
Once the public gets hold of news, it is probably not fresh anymore, and it may have already been taken advantage of. Many times you will see the market react first and wonder why it did so, only to hear the news a little later; by this time it may be too late to do anything, and the best thing to do is to ignore it completely.

My Advice: Never chase a news-related spike. Let the market settle down first and digest the news. If you miss the trade, there will always be another one. If you happen to be in it already, don’t get excited or panic. Again, let the market settle down before doing anything.

Vivocom Intl Holdings Bhd

Tracking expectations
■ 9M16 net profit of RM54m in line with expectations at 78% of our and 69% of Bloomberg consensus full-year forecasts.
■ 2017 will be a year of project execution.
■ Strategic partnership with China Railway Construction Corp (CRCC) remains intact.
■ Maintain Add and SOP-based target price.

On track for 2016
3Q16 net profit of RM13m brought 9M16 net profit to RM54m, in line at 78% of our and 69% of Bloomberg consensus full-year forecasts. Construction contributed 62% to 3Q revenue while telco and aluminium contributed 24% and 15%, respectively. Vivocom’s balance sheet remained in net cash of RM8m as at 30 Sep 2016. 3Q16 EBIT margin of 30% was indicative of tail end recognitions of progress billings, conclusion of some lucrative short-term rescue projects and Neata Aluminium’s margins.

China thematic play
Investors remain skeptical about Vivocom’s strategic relationship with CRCC following newsflow on CEO Dr Yeoh’s potential departure. Findings from our channel checks suggest that Vivocom remains CRCC Malaysia’s strategic partner and nominated subcontractor.

However, newsflow on the Gemas-JB double tracking project and the
Penang roads project has been slow. But if the “Chinese FDI flow into Malaysia” theme revives in 2017, we see Vivocom as a clear proxy.

Construction orderbook
Vivocom has secured RM2.8bn in contract wins year-to-date. We estimate outstanding orderbook of about RM2.1bn. For the near term, we believe Vivocom will be focusing on project execution rather than chasing more contract wins.

What to expect in 2017
We believe that securing the required working capital to fund its projects is paramount for earnings delivery. Vivocom's current weak share price has dampened prospects of a private placement for now. However, its strategic partnership with CRCC remains intact and we do not discount CRCC’s ability to help Vivocom in project funding.

Maintain Add
We maintain our Add rating and SOP-based target price after rolling over our valuation to end-2017. Investors are likely to adopt a wait-and-see attitude to be convinced of Vivocom’s execution ability. Potential re-rating catalysts are continued delivery of abovesector margin expansion and large-scale project wins. Downside risks are project delays
and execution.

Consolidation at 0.355 - 0.360 above the current support level.
Stochastic ticked up from "oversold" level - fully charged for a strong upward move!

Revenue
28,466 (22,679) - Increased 25.5%

Profit/(loss) before tax
2,895 (4,028) - Dropped 28.13%

Profit/(loss) for the period
1,455 (3,060) - Dropped 52.45%

Profit/(loss) attributable to ordinary equity holders of the parent
1,313 (3,051) - Dropped 56.96%

Basic earnings/(loss) per share (Subunit)
0.56 (1.38) - Dropped 59.42%

Proposed/Declared dividend per share (Subunit)
0.00 (2.80)

Net assets per share attributable to ordinary equity holders of the parent ($$)
0.7700 (0.7800)

1Q RESULTS

Lower Profit...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5272405

Cheshirecat,

I "kaypo" on your Dsonic...

I spotted "Hidden Divergence" in the chart - signalling the current downtrend will continue. Be careful.

Not holding any OWG shares now.

Let the Q1 results announce this evening first...

Should test the current resistant at 0.265 - 0.270 today.

Will have a flying start today!!!

WCT Holdings
No breakout in infra margins, for now

■ 9M16 core net profit made up 83% of our and 79% of Bloomberg consensus full year forecasts.
■ We deem the results to be broadly in line; lower tax rates and higher infra margin to underpin a stronger 4Q16.
■ Order book at a new high of RM5.2bn following the recent MRT 2 win.
■ Expect more guidance on asset monetisation moves in tomorrow’s briefing.
■ Job wins and clarity of future strategies from new shareholder are key potential rerating catalysts.

9M16 results hit by higher tax rates; broadly in line
9M16 core net profit made up 83% of our and 79% of Bloomberg consensus full-year forecasts. We consider the performance as broadly in line as we expect tax rates to normalise in 4Q16 (higher tax rates in 9M16 due to tax under-provision) and infra margins to improve in line with stronger progress billings. 9M16 construction EBIT margin of 2% could have been higher if not for the forex loss relating to jobs in Qatar and slower billings for new infra jobs in 9M16. No dividends were declared in 3Q16.

Order book at new high with recent MRT win
WCT's recent job win worth RM896.4m for MRT 2 viaduct package V204 represents the group's first big MRT win. The contract value bumps up its outstanding RM4.3bn order book by 21% to RM5.2bn. Including the earlier awarded Pan Borneo Sarawak contract, total wins YTD (based on JV share) amount to c.RM1.4bn, within our assumption of RM1.5bn for FY16F. Based on a 5% pretax margin, package V204 should contribute
RM11m p.a. over four years.

Infra tenders still have momentum
We expect WCT’s tender book to remain focused on infra projects. We estimate the total value of jobs it is tendering to be at RM2.5bn-3bn, including 1) two packages for West Coast Expressway (WCE), 2) an infra package for Petronas’s refinery and petrochemical integrated development (RAPID), 3) a road package for Tun Razak Exchange (TRX),
and 4) at least one package for LRT 3 (Bandar Utama-Klang). Apart from this new MRT contract, WCT is also vying for the upcoming Pan Borneo Sabah project.

Selling 70% of The Accent to EPF for RM243m
WCT recently proposed to divest its 70% stake in The Accent, an office space component within The Paradigm in Kelana Jaya, for RM243m. This values the entire building at RM347m. The asset is owned by Jelas Puri, in which WCT currently holds a 70% stake, while Employees Provident Fund (EPF) controls the balance 30%. The S&P agreement for the stake will be wrapped up in 1Q17. We expect more details on the quantum of potential net gain or loss from the disposal in tomorrow's results briefing.

Focus on construction outlook and new major shareholder
We maintain our FY16-18 EPS forecasts and target price (still pegged to a 30% RNAV discount). Given the sustained weakness in the property market, the construction outlook and likely positives from new major shareholders will be the key focus in the medium term. Potential catalysts include jobs wins, asset monetisation via REIT, and more clarity on future strategies from the new shareholder. Key downside risk to our call is job delays. Add retained.

Currently, Vivocom is in the state of "indecision"

Q3 Results will be announced on Monday, 28 November.

Good luck.

Correction:
Q1 Results will be announced on Monday, 28 November

Q1 Results to be announced this week

Uptrend!!!

Good recovery from "Trumpbomb" these two days.
Chart is positive again.

Chart show downtrend reversal - should be going upwards now.

16 Nov 2016
STRENGTHENING MANAGEMENT TEAM

APPOINTMENT OF NEW DIRECTOR
Name: MR LAU KIN WAI
Age : 40

Qualifications:
Mr Lau Kin Wai ("Mr Lau") graduated first class in Engineering from the University of Manchester, United Kingdom. He was a faculty member and PhD candidate at the Imperial College London. Mr Lau has attended the Saïd Business School at the University of Oxford for his MBA degree. Mr Lau received a full undergraduate scholarship from one of the largest energy company in Southeast Asia.

Working experience and occupation:
Mr Lau is one of the very few serial tech entrepreneurs in Southeast Asia that enjoy multiple successes. Since founding his first company at the age of 23, Mr Lau has an intriguing track-record of building successful companies across internet media, software and biotech.

Mr Lau was named by the media as one of the youngest Managing Directors of a publicly traded firms in Southeast Asia when he listed his first company, Viztel Solutions Berhad, at the age of 28. He has to-date built 5 tech companies with 4 of them being listed on major stock exchanges in the region.

Mr Lau founded the Fatfish Internet Group ("Fatfish"), a Singapore headquartered regional venture builder and accelerator that focuses on building internet businesses in Southeast Asia and Australia. Fatfish is among the first of its kind to be listed on the Australian Securities Exchange.

Today, Chart show reversal of downtrend...heading north now!