May challenge 22 today

@yttihs Got it! Thanks

@yttihs Hi! Please add me to the channel.

@yttihs Hi! Please add me to the channel.

https://www.bloomberg.com/news/articles/2020-08-12/eye-popping-rally-in-asian-glove-stocks-will-continue-citi-says

https://www.bloomberg.com/news/articles/2020-08-12/eye-popping-rally-in-asian-glove-stocks-will-continue-citi-says

Actually, it is a blessing for the panic sell today - because of the Russian vaccine?

Very good if that's the case because this vaccine thingy is something we need to face it sooner or later. Might as well be now so that we can get the people to see the truth now (earlier), better than later.

In a few days later, these panic sellers will realize their mistake of selling one of the best rubber glove company in the world and missed great opportunity to ride on the great profit generating machine!

The fear of vaccine affecting the rubber gloves business is real but how much??

Too lazy to explain (can look at some of the good articles posted)

What I going to say is, irrespective of whether the vaccine is coming out or not, rubber gloves companies are going to register phenomenal profit for at least 4 quarters from here! Why worry about longer than that, only god knows what's gonna happen later.

Earn the profit now to save you from the coming recession.

Be wise and act properly!

Supermax will be selling their contact lens apart from rubber gloves

TeamRocket,

You may think it is funny, talking nonsense in this forum, posting malicious lies!

Take note that everyone here will be responsible for their action!

You can be sued (lgal action taken against you) if you intentionally spreading malicious for you personal gain.

Beware! Heed my warning!!!

Or you may regret later when legal action is taken on your bad intended action and behavior. It will not be nice or funny!


Posted by TeamRocket > Aug 5, 2020 9:32 PM | Report Abuse

Supermax audited report is 159million PAT, double of the last qr but doesn’t meet 600million expectation!!!

Ready to BUY

If you think the price action of SUPERMAX is controlled by (largely influenced by) retailers, then it is very DANGEROUS for you to trade in stock market!!!

Posted by mach10 > Jun 30, 2020 5:25 AM | Report Abuse

some of retail investors were badly burnt by glove stocks recently and the blind faith was shattered. I seriously doubt the share price will go far

Posted by mach10 > Jun 30, 2020 5:51 AM | Report Abuse

margin acc holders will no longer use margin loans blindly as IBs will do haircut as they see fit. once the confidence is shattered , the uptrend is limited

Be very careful in stock market with your incompetent point of view below... "completely wipe off gloves sector"

Posted by Pang71 > Jun 27, 2020 11:24 AM | Report Abuse

Hope Vaccine out soon.. This could completely wipe off gloves sector

Will be excellent day for "investors"

I am ready!!!

Whether Dow up or down, they need to buy rubber gloves
Hahaha

Great, can collect at lower price today...

RM2 is my target.
Management pretty confident!
Cheers!!!

Rubber gloves stocks will grow and profit will jump exponential in view of current COVID-19 situation.

Just look at the COVID-19 chart on new cases and you will see that it is still climbing up the slop (situation is still not under control yet).
So, will the demand for rubber gloves be up, flat or down?
No brainer, right?

In investment, we look at the future.. Yes, FUTURE prospect!

BTW, you must understand why some of these "gamblers" (they are not investors) who lost money punting on COMFORT stocks recently, come here and post negative comments about this company even though the company achieved a much better result compared to the previous quarter!
Well, because they buy high and sell low recently and lose their pants using borrowed money (margin account & contra play), money that they do not own. Now, they are very sad, frustrated and cannot think properly. Pity them, they have financial and emotional problems to handle.

Investors should know the prospect of the company they invest in and don't be influenced by some irresponsible comments.

Think careful and make good decision.

DO NOT GAMBLE but INVEST !!!

MYEG still resilient during this poor market sentiment is a very good sign - something good up in the sleeve!

Stay tuned at 3.00pm today

Big boys took the opportunity yesterday to buy cheap.

I believe the QR to be announced soon should be good (as compared other companies) and the probability of getting the renewal of contract from Malaysian government will be very high.


MYEG looks good to me

De-sanitation business booming!!!

There is only one direction for MYEG stock price, come tomorrow!

UP UP UP

Anyway, Dow Jones (Futures now already UP >500 points) and Asian market also moving UP now... getting ready the launching pad for KLSE tomorrow morning.

Thank you very much @ Philip (buy what you understand) for taking the effort to share the truth (right principles) about "Rights Issue + Free Warrant".

There are many unscrupulous people in the forum who have malicious intention to mislead traders/investors (especially new and inexperience ones).

May god bless you.

Coming up nicely... Huat Ah!!!

Based on Technical Chart, the this stock may hit the target RM1.05 in the short-term!

MyEG is the least impacted by COVID-19 and may be a lucky winner...

1) Transaction volume for most of MyEG's services GREW DOUBLE DIGIT YoY due to Covid-19 shutdown...

2) With the current poor economic/business situation and especially plunged in oil price (one of Malaysia's important revenue), how would the government gonna get enough funding/money to support the country's operations?

Therefore, the probability of the government re-introduce GST is high and should benefit MyEG as they already have the necessary support system.

@Paktua73 Well said, Sokong

According to Muhyiddin, the cost of COVID-19 testing currently is around RM600 - RM700 per person.

MYEG only charging RM99 per test kit

Director Loo Hooi Keat bought 100k shares on 9 & 10 March because he believe the stock is undervalued and show his support of PELIKAN

Buy low & keep

Jangan risua
Yang baik, tetak bagus
Tunggu kejap, akan datang!

MYEG, once of the better companies in KLSE.
Investors will be handsomely reward
... just have faith and be patient

Posted by arman70 > Feb 28, 2020 12:24 AM | Report Abuse

However, I wonder why they always post losses on Q4 for many years consecutively.

*****
QR4 is weak because of the cyclical nature of its business - it follows the European school term because >70% of their revenue is from Germany and the rest of Europe.

I can see that the new management is working on initiatives to expand faster in Asia starting with China last October... This will improve the business and smooth out the curve as Asian school starts in January unlike in Europe in Fall.

If this Q4 can break that trend, then PELIKAN will be great!

MYEG is an excellent *investment* stock that keep growing with consistent excellent performance (keep growing with expanding market - not relying solely on Malaysian government).

Forget about the political associations and its uncertain impact on this gem. Focus on its performance and future prospect.

INVEST... I can sleep well with this proven strong management and leadership in this company - have weathered all the storms (challenges) hit this company since after GE14 and emerged with stellar results.

Buy when it is low...
Just keep

QR is out

Agree with @SharehlderOppression

For what ever other reasons, MYEG make Malaysia proud to be able to have this technological tools. Good job MYEG!


Posted by SharehlderOppression > Feb 20, 2020 10:10 AM | Report Abuse

Myeg's endeavours should be appreciated, not condemned

FOR IMMEDIATE RELEASE

MYEG DEVELOPS AI POWERED CORONAVIRUS RISK PROFILING SYSTEM FOR CHINA
VISITORS

Offers to Deploy Technology in Malaysia and Philippines Amid Global Coronavirus Concerns

Petaling Jaya, 19 February 2020:
MY E.G. Services Berhad (“MYEG” or “the Group”) has successfully developed an extensive Artificial Intelligence-powered Coronavirus risk profiling system, with capabilities that include historical geolocation and anomaly tracking for Chinese travelers, and is now making the technology available to the governments of Malaysia and the Philippines.

The timely introduction of this innovation by MYEG has been made possible through the leveraging of its partnership with Phoenix Travel Worldwide Co., a leading China outbound travel company whose shareholders include China State Owned Enterprise (SOE) Citic Capital, Haier and Legend Holdings/Lenovo.

In light of the outbreak of the novel coronavirus that has been declared a global health emergency by the World Health Organization (“WHO”), the need for a smart health profiling and tracking system capable of handling large volumes of inbound Chinese travelers has become a matter of profound urgency for governments worldwide, particularly of those countries that are popular destinations for visitors from mainland China, the epicentre of the virus.

MYEG’s latest innovation is a fully-automated system that encompasses analytics of a vast number of available data points, including visitors’ previous known whereabouts as well as heart rate and blood pressure readings crossed-referenced against public transportation ridership and exposure to locations with incidences of infections. In addition, the system provides ongoing engagement with the visitor within the country, thus enabling health authorities to be alerted of any anomalies and to take immediate appropriate measures such as in the event that evacuation or quarantine of affected persons are necessary.

Implementing travel restrictions on visitors from certain cities like Wuhan and Wenzhou can be tricky and inaccurate if Governments depend on information on passports. With this system, historical geolocation information coupled with other relevant parameters creates a health risk profile on individual travelers that allows authorities to conduct more detailed assessment on high health risk visitors. The data analytics algorithm constantly evolves as we learn more about the virus each passing day.

Wow, such strong rebound...There could be a surprise news!!!

Not true. Yesterday there were more buyers queuing at lower price than the quantity queuing to sell

Opportunity to buy cheap when retailers are emotional and irrational

EDEN is holding well in a poor market condition today.
Looking good

Masa sudah sampai...

They are not Pelikan's products ma :D))

Action coming...

MYEG does not expose to credit risk...
MYEG act as agent to CIMB Philippine and earn commission only, risk free


Posted by monetary > Feb 13, 2020 8:57 AM | Report Abuse

lending money to foreign workers is high margin business.

It's time for REDTONE to fly

TA for MYEG is very bullish = Emergence of a bullish "Dark Horse" pattern !!!

The stock has surged with strong momentum yesterday after breaking out from its almost 3 months sideways trend.

Technically, this stock should continue to go up further in view of the current strong momentum (extraordinary high volume).

Operator is very doing well,indeed...

Weak retailers who are expecting unrealistic targets like share price to surge continuously is truly an amateur.

Operator works on the stock to gain huge profit. Their objective is not to push the stock price up too quickly for short-term players to get an quick windfall and run. In fact, they are the ones that win the money from short-term punters...

Without fail (as part of the operator's process), operator will need to "shake off" short-term punters (to lessen their burden of carrying them) before they bring the stock price to the next level, leaving only those medium to long-term investors who will hold on to the stock patiently for the stock price to rise.

The coming QR will still be very good (no change in the landscape in Malaysia) and the following QR will start to improve further with the the start of revenue contribution from Indonesia & Philippines (and maybe even from Bangladesh) operations...

Note that "Pilot installations have since commenced across these seven provinces" as per the report.


Petaling Jaya, 13 January 2020 – MY E.G. Services Berhad ("MYEG" or "the Group") announced today that its associate company in Indonesia, PT Cartenz Inti Utama (“Cartenz Group’), has secured additional government mandates to roll-out its tax monitoring system to 30 more cities, marking an expansion to the programme that is already actively underway in Jakarta.

Since unveiling the joint venture in 2018, the Group has started the implementation of real-time monitoring of business transactions for tax computation purposes, with installations in retail merchant premises
presently ongoing in Jakarta under a pilot programme offered at no charge.

Following the successful commencement of the implementation in Jakarta, the Group has recently been contracted by the governments of seven other provinces in Indonesia to deploy, on a chargeable basis, the tax monitoring system to cover a total of 30 cities.

***Pilot installations have since commenced across these seven provinces.***

MYEG Managing Director TS Wong said: "This has exceeded our initial targets. We now believe that our Indonesian roll-out will be faster and require lower capex than our previous expectations."

The expansion of the tax monitoring system to more regions in Indonesia represents an important milestone for MYEG, not only in the strengthening of its position as the leading e-government services
provider in Indonesia, but also in the widening of its footprint in the country's retail sector.