Covid unpredictable situation has resulted in various government attempts to solve a problem that are piecemeal or superficial, resulting only in temporary or minor improvement. As Covid will be with us for a long time, it will be “survivor of the fittest“ situation since borders will remain closed for leisure travel. The hit on aviation, leisure, hospitality, tourism, gaming, retail sectors etc will be absolutely brutal.

Covid unpredictable situation has resulted in various government attempts to solve a problem that are piecemeal or superficial, resulting only in temporary or minor improvement. As Covid will be with us for a long time, it will be “survivor of the fittest“ situation since borders will remain closed for leisure travel. The hit on aviation, leisure, hospitality, tourism, gaming, retail sectors etc will be absolutely brutal.

Covid unpredictable situation has resulted in various government attempts to solve a problem that are piecemeal or superficial, resulting only in temporary or minor improvement. As Covid will be with us for a long time, it will be “survivor of the fittest“ situation since borders will remain closed for leisure travel. The hit on aviation, leisure, hospitality, tourism, gaming, retail sectors etc will be absolutely brutal.

Value Buy based on QR2 results. Hopefully, quick momentum accumulation to 0.40-0.50 range :-) and it will still be undervalue based on NAV/intrinsic value..Existing Market capitalization of only RM200m for an insurance company with a much higher Intrinsic Value and growth potential!

@ choysun Exactly. It should be business as usual but with strict SOPs adopted especially with strict physical distancing. No countries, economies and businesses can afford another lockdown.

https://www.freemalaysiatoday.com/category/nation/2020/08/01/ignorance-causing-complacency-about-virus-threat-say-experts/

Huge crowd is bad news in respect of physical distancing and Covid containment ! Nearly 300k daily Covid infections globally now.
“Just hours after Britain imposed tougher measures on swathes of northern England, PM Johnson announced that casinos, bowling alleys and skating rinks, due to reopen on Saturday 1/8, would remain shut for at least two more weeks”.

@llyy60 In view of AAX recent announced QR1 results and negative Shareholders Fund, what will be the impairment impact (quantum) on AA in the next QR2 results to be announced in August ?

Everyone Can Cry !

Wow ! Just look at AAX results especially the Balance Sheet (Shareholders Funds) at a glance !

Undervalue company based on P/B or NAV. A sale of insurance/financial services company should command at least an average P/B of 1.3-1.5x. Major shareholders should consider hiving off to MetLife US, China Insurance Company Ltd. or Prudential PLC.

https://www.klsescreener.com/v2/news/view/704447
Jialat ...Debts & more debts to support Empire Inc.

@Good123 If true, Jialat !

Can easily support a PE of 15 considering that it can continue to be a growing Company Post-Covid.

https://youtu.be/3wxyN3z9PL4
:-) :-) :-)

Strong consolidation in the range of 0.48-0.54 since QR announcement for a couple of weeks. Watch It Move to greater heights thereafter :-)

Simple decision. Implications of PN17 will require immediate loan and rights issue. Shareholders unwilling to take up the rights issue will face significant dilution. Those taking up the rights will be doubling up on investment risks. You decide.

Run at 0.77. Funds mandate will require them to divest.

Exactly. No big deal to be down by 400 points unless it is down by 4,000 points when the US QE effect dry out or unwinding required.

@buffet3333 Exactly. No big deal @ 400 points unless it is down by 4,000 points when the US QE effect dry out or unwinding required.

Dow down by ONLY 400 points at Opening. By the time Covid19 global cases hit the 10 million mark, USA will easily be contributing 25-30% cases based on the POTUS disastrous approach to this pandemic.

Dow down by ONLY 400 points at Opening. By the time Covid19 global cases hit the 10 million mark, USA will easily be contributing 25-30% cases based on the POTUS disastrous approach to this pandemic.

Our Tourism Minister should not even have suggested opening up for tourists from Indonesia recently. I am sure our MOH DG will handle the Covid-19 risks appropriately.

https://www.theedgemarkets.com/article/flyers-hiding-covid19-infection-show-risks-reopening-borders
Malaysia cannot possibly open the borders & flights to/fro high risk Covid-19 countries as yet.

https://www.pressreader.com/singapore/the-straits-times/20200624/281603832727644

https://youtu.be/3wxyN3z9PL4

Not bad to close at 0.555 in a negative equity market today ;-) As I said last week, even at 0.60 will be a “Screaming Buy” based on dividend yield, strong balance sheet (> 100m in Cash & Zero gearing) and future prospects (Post MCO).

Good recent QR future prospect guidance by EMS Companies will definitely propel MTAG higher. Watch It Move :-)

Thank you to all the panic Sellers at < 0.48 last week before the QR Announcement :-) Trust My Intuition.

OMG ! EOT again to issue QR. Notwithstanding Covid-19, how can Bursa approve QR EOT twice ? MSWG should address this matter expediently.

OMG ! EOT again to issue QR. Notwithstanding Covid-19, how can Bursa approve QR EOT twice ? MSWG should address this matter expediently.

Watch it move :-)

Analyse the QR for factual & accurate information :
1 sen dividend ~ RM6.8m
3 sen dividend ~ RM20.4m (FY 2020)
Effectively, the 3 sen dividend to date for current FYE 30/6/2020 already constituted ~ 80% PAT Dividend payout (20.4m/25.2m x 100%). QR4 sales will be reduced but definitely not plummet as Covid-19/MCO have definitely resulted in supply chain disruptions for all related Companies since all EMS Companies are affected during MCO (as guided in QR Future Prospects). In fact, I am confident the recovery of EMS sector Post-CMCO augurs well for MTAG for FYE 30/6/2021 (ie. QR1 for FY 2021) :-)

Simple Investment Strategy for RM1m in MTAG :
4m shares @ 0.25 (average cost)
Dividend declared Up to QR3 : 3 sen ie. RM120k
If another 2 sen to be declared in QR4 for a 50% Dividend distribution strategy for the year, total annual dividend will be 5 sen (ie. RM200k).
Total Return for the year for a RM1m investment in MTAG will result in a fundamental dividend yield return of 20% and not even factoring in for the Capital Gain (extra bonus) :-) Even an investment at current price of 0.50 will generate a 10% return based on dividend yield basis.

Some Blue Chips and Main Board listed Companies will not even be in profitable position for Quarter 1 & Quarter 2 for FYE 31/12/2020 due to this Covid pandemic and MCOs. Value and risk averse investors will definitely be buying into MTAG and this jewel of penny stocks will be in the radar of fund managers in due course :-)

Poor result ? LoL. PAT of ~ RM8m despite MCO since 18/3 in current Covid-19 environment for a penny stocks. Zero gearing Company with minimal current liabilities and Cash equivalent of > RM100m. I have been accumulating since the low of 0.20 based on fundamentals/valuation and will definitely continue to accumulate more and average up again at current price. If Management adopt a 50% PAT dividend policy (~ 5 sen per year), we will be generating double digit yield in current environment of low interest rate. Even 60 sen will be a Screaming Buy :-)

Seriously ... 1,000 rooms booked in Langkawi within 1 hour of PM announcement on RMCO. Even Cuti-Cuti Malaysia will be tough for the majority of Malaysian that have to “ kais pagi makan pagi & kais petang makan petang “ in view of Covid19.

Taman Tema - Theme Park
Pusat Hiburan - Entertainment & Recreational Centres
If Reflexology Centre cannot be opened, it is impossible that Casino will be allowed to operate.

Taman Tema - Theme Park
Pusat Hiburan - Entertainment & Recreational Centres
If Reflexology Centre cannot be opened, it is impossible that Casino will be allowed to operate.

“Walaupun saya telah mengumumkan banyak kelonggaran, ini tidak bermakna tiada lagi apa-apa sekatan yang akan dilaksanakan oleh kerajaan untuk mengawal penularan COVID-19. Beberapa aktiviti atau sektor masih dillarang. Ini termasuk pub, kelab malam, pusat hiburan, pusat refleksologi, pusat karaoke, taman tema, perarakan keagamaan dalam jumlah yang ramai, kenduri-kendara, rumah terbuka dan apa-apa aktiviti lain yang melibatkan kehadiran orang ramai yang bersesak di suatu tempat sehingga menyukarkan amalan penjarakan sosial dan pematuhan kepada SOP.“ Ucapan PM

“Walaupun saya telah mengumumkan banyak kelonggaran, ini tidak bermakna tiada lagi apa-apa sekatan yang akan dilaksanakan oleh kerajaan untuk mengawal penularan COVID-19. Beberapa aktiviti atau sektor masih dillarang. Ini termasuk pub, kelab malam, pusat hiburan, pusat refleksologi, pusat karaoke, taman tema, perarakan keagamaan dalam jumlah yang ramai, kenduri-kendara, rumah terbuka dan apa-apa aktiviti lain yang melibatkan kehadiran orang ramai yang bersesak di suatu tempat sehingga menyukarkan amalan penjarakan sosial dan pematuhan kepada SOP “ Ucapan PM

Interstate travel allowed but Casino & theme park still cannot open until 31/8 ? Is it true ?

@ Noah What ? Casino & theme park still cannot open until 31/8 ? R u sure ?

@ Sapodilla Ex-Dividend date is 5/6 instead of 4/6. You will be entitled to the 2 sen dividend as long as you do not sell until at least 5/6. Wouldn’t it be better to sell at RM2 ? ;-)

Baffling ! The volume of shares transacted in the last 10 minutes of the trading day Low of 0.69.

Notwithstanding the 1 month extension of time allowed by Bursa for QR announcement, at least Shareholders should be kept informed of any delay in the QR announcement. The prompt dissemination of relevant information should have been properly conveyed to all Shareholders.

Yes, even 5m shares Q @ 0.405 taken up easily.
However, I will be prudent & cash in the bumper harvest.

Wow ... still strong support though. I decided to take full profit at 0.405 & my big portion all done :-)

The Balance Sheet is a good guide in terms of best practices in respect of Corporate Governance. We shall see as proven by my previous unpleasant experience as a Shareholder when Management announced and executed the Empire RPT last year (immediate huge impairment in Q1 this year). Luckily, I cut loss then. Otherwise, the damage would have been significant based on the current share price.

In the Balance Sheet of QR1 as at 31/3/20 announced on 21/5/20, borrowings have increased by 1 billion in just one quarter. Considering that QR2 will not be good too in view of MCO/CMCO, what is the rationale to declare and pay 5 sen dividend ? Absolutely baffling.