Wing Tai Malaysia Falls Most in Almost 3 Wks After Profit Slumps

To add, its 1 yr revenue growth stood at -8.92%. Total return YTD at 27%. EPS T12M at 0.14 per share. This share is undervalued. as a matter of fact, there are lot of other undervalued shares up for hunting. enjoy hunting!

can buy if you wanna invest for long term. It's PEG ratio is at 0.36

I guess he's implying that every single person should play a role, not just him. Just imagine how much money would have been raised if there were 50 individuals just like him.

*lowest

Its PEG ratio is 0.36. Its among the lower in the exchange. Although its PE is currently at 52.28

*HONG LEONG BANK CUT TO SELL VS NEUTRAL AT RHB

this volatility is coming from the present market sentiment, it doesn't reflect the fundamentals of MYEG.

Aussie and kiwi fall after weakest Caixin China factory PMI since 2009, with thin liquidity over Japanese holiday amplifying FX moves, according to traders.

* MSCI Asia-Pacific ex-Japan index down 2.6%; Shanghai
Composite -1.4%
* AUD/USD -0.9% to 0.7024 vs 0.7019-0.7092 range
* Macro accts sell the pair after China PMI misses 23 of
24 forecasts in Bloomberg survey: trader
* A$441m of 0.70 option strikes expiring Sept 24: DTCC
data
* Stop-sell orders seen in AUD/JPY under 84.00, trader
says; pair now at 84.455
* NZD/USD -0.6% at 0.6256 vs 0.6256-0.6301 range
* Buying against AUD before and after China PMI helpedmute
the downside
* AUD/NZD eyes drop to 100-DMA after weak China PMI, chart
shows
* Story: Hedge funds look to Fonterra price for direction
on kiwi’s fate
* USD/JPY -0.1% at 120.02 vs 119.63-120.33 range
* Sell stop-loss orders under 119.70 triggered: traders
* USD is overvalued, says Amundi Asset; Goldman takes
contrary view
* EUR/USD little changed at 1.1122 vs 1.1105-1.1140 range
* ECB’s Draghi to speak today in Brussels; Volkswagen
CEO’s survival at stake when board committee meets
* Options expiring Sept. 24 include 1.1100 strike for
EUR1.4b
* GBP/USD -0.2% at 1.5337 vs 1.5331-1.5367 range
* Bloomberg Dollar Index +0.1% at 1,1214.34
* U.S. 10-year Treasury futures advance
* Brent crude drops, copper steady; gold rises

Fed might not hike this December. Based on Janet Yellen's statement over the last couple of meeting, she's been making hawkish statements about rate hike but when it comes to the day where the decision making was made, she always appear to be dovish. In my own opinion, rate hike will most likely happen somewhere around 1H 2016.

Dollar holds gains after two-day rally, with most currencies moving in tight ranges; traders report lower- than-average volume with Japan closed for a holiday.

* MSCI Asia-Pacific ex-Japan Index up 0.3%
* AUD/USD +0.2% to 0.7145 vs 0.7122-0.7148 range
* Bought by leveraged accounts after housing data: trader
* Australian 2Q house prices rose 4.7% q/q, est. 2.3%
gain; up 9.8% from year earlier, est. 8% increase
* A$513m of 0.7100 option strikes expiring Sept 25: DTCC
data
* NZD/USD steady at 0.6318 vs 0.6308-0.6332 range
* Price action driven by option strikes near spot: trader;
option desks have been seen dealing in spot multiple
times near strike at 0.6325
* USD/JPY +0.1% at 120.52 vs 120.33-120.61 range
* Abe cabinet approval rate 42.6%, disapproval 47.8%:
Sankei
* Pair seen capped by Tokyo exporters chasing
market:trader
* EUR/USD little changed at 1.1190 vs 1.1183-1.1206 range
* Options expiring Sept 24 include 1.1185 strike for
EUR597m
* GBP/USD steady at 1.5510 vs 1.5504-1.5529 range
* Bloomberg Dollar Index steady at 1,1207.47
* U.S. 10-year Treasury futures advance
* Brent crude and copper drop; gold steady

general outlook is all the capital will flow to US once the Fed hike its rate. Ringgit will further weaken. there will be more outflow.

sorry don't understand chinese

Changes in Director's Interest (S135) - MUHAMMAD RAIS BIN ABDUL KARIM why did he dump so many shares at 2.71?

market will be weak amid Fed's rates consolidation. buy on weakness.

buy back again

buy back again

yup another buyback

http://m.themalaymailonline.com/malaysia/article/german-banks-seek-early-repayment-of-1mdb-loan-could-trigger-default-on-rm4

1MDB is going to default again. our credit ratings will be affected again.

what happens to this counter when Ah Jib gets toppled?

Tanbb: Yup. investors are running away due to the current political uncertainty.

theoretically the KLCI will surge after Q3 pending Fed's decision on rate hike and BNM on rate cut. investors should stay in the side line for the next 3 months due to high volatility and market uncertainties. until Fed's and BNM's decisions are sought, market will be volatile.

that's what i heard as well ah yee

http://www.thestar.com.my/News/Nation/2015/02/24/Managers-can-renew-worker-permits/

QA coming soon ^^

MYEG (0138) : MyEG to benefit from GST implementation
MyEG Services Bhd

(Dec 4, RM 4.16)

“Trading buy” with target price (TP) of RM 4.73. MyEG Services (MyEG) recently announced an encouraging set of first quarter financial year ending 2015 (1QFY15) results, which saw its net profit jumping by 40.9% year-on-year (y-o-y) to RM12 million on the back of 35.8% y-o-y surge in revenue. This was mainly driven by higher contribution from its Jabatan Pengangkutan Jalan (JPJ) services, thanks to higher usage of its online vehicle ownership transfer and strong volume transacted from its online renewal of foreign workers’ permits. On a quarter-on-quarter (q-o-q) basis, MyEG’s recorded a profit before tax (PBT) of RM12.1 million, a decrease of 28.4% mainly due to seasonality weakness where the group typically experiences lower demand for JPJ services during the end of the year.

MyEG is looking to see robust growth in its top line (annual contribution of RM50 million based on Phase 1 and Phase 2a) from first half calender year 2015 1HCY15 (2HFY15) onwards should its upcoming Customs Service Tax Monitoring (CSTM) services be implemented successfully. Currently, the group is still waiting for the final approval from the government and is targeting to roll out its CSTM services in 1QCY15 (3QFY15).

Note that CSTM services will be launched in two different phases. Phase 1 (3QFY15) involves the monitoring of the sales transactions of the present service tax licence holders in categories C and D (restaurants, pubs and massage parlours) with annual revenue above RM3 million (50,000 outlets). Phase 2 will be to monitor the GST collection (beginning April 1, 2015) of those outlets (40,000 outlets) in categories C and D whose annual sales fall between RM0.5 million and RM3 million (in Phase 2a) and to be extended to the retail sector (RM500,000 to RM800,000) in Phase 2b.

Revenue-wise, we understand that it will be based on fixed fees payable by the government by RM1,000 per outlet based on a compounding 10% cumulative tax revenue collected from last year. Our assumption of the potential RM50 million annual contribution to its revenue is based on 50,000 outlets multiplied by RM1,000 if the threshold of 10% cumulative tax revenue growth were met from the previous year. We view that this is achievable judging from the government’s Economic Report 2014/2015, which forecasts total sales tax, service tax and GST revenue to be at RM26.3 billion in 2015 (+47.8% from 2014).

Note that MyEG in early November announced a 1-to-1 bonus issue that will enlarge its share base from 600 million to 1.2 billion shares. We laud the corporate exercise as this will improve its shares trading liquidity with more affordable stock prices. We gather that the exercise will be completed in 1QCY15 (3QFY15).

We are forecasting the group to register a two-year net profit (NP), compound annual growth rate (CAGR) of 49%, bringing its NP of RM50.7 million in FY14 to NP of RM113.9 million in FY16. Our forecast assumptions are mainly underpinned by a conservative two-year revenue CAGR of 20% in its JPJ services (recall that the group registered +44% y-o-y growth in FY14), market share of immigration to grow to 15% in FY16 (from current 6% on 2.6 million foreign workers) and CSTM revenue contribution of RM25 million in FY15 and RM50 million in FY16 respectively.

We value the stock at RM4.73 per share at 25.3 times FY16 profit to price-earnings ratio (PER), which is at a +1 Standard Deviation level above its three-year average forward PER as we believe that the potential robust revenue growth from its new services (note that we have yet to factor in the contribution from the Road Safety Project) as well as its recurring income profile deserves a premium valuation. We also see the counter as a proxy to the GST play given its CSTM services. — Kenanga Research, Dec 4

KUALA LUMPUR: MyEG Services Bhd hit its all-time high yesterday as investors bank on the company’s continued growth. This is likely to come from the rollout of the customs service tax monitoring (CSTM) system which will benefit from the implementation of the 6% goods and services tax (GST) which takes effect in April 2015.

CIMB Research analyst Nigel Foo told The Edge Financial Daily yesterday the CSTM, which would be rolled out in the services sector in January, would extend MyEG’s foothold in the retail segment after the implementation of the GST.

The CSTM is targeted to link close to 100,000 points of sale terminals from about 20,000 restaurants and entertainment outlets in the country. It has been reported that MyEG is working with a local bank to launch a mobile payment system, iPayEasy, that is compatible with the CSTM system.

MyEG has a 40% stake in a consortium of companies that is undertaking the CSTM project.

“If there are no hiccups for the CSTM in the services sector, the company is looking to move it to the next phase, which is the retail sector,” said Foo, adding that the company will utilise the system for the first time in January.

“The first six months of next year for MyEG are going to be exciting,” he said.

Foo said the CSTM is part of MyEG’s long-term growth plan.

Last Friday, Prime Minister Datuk Seri Najib Razak proposed in Budget 2014 the long-mooted GST at 6% from April 2015.

MyEG’s share price closed at an all-time high of RM2.39 yesterday, an increase of 6.22% from last Friday. The stock’s price has started to rise since Oct 22 until RM2.03.

An analyst said the surge is due to investors’ view that the company has a good chance of getting more contracts from the government as it has started working on the CSTM system.

JF Apex Securities Bhd said in a market strategy report yesterday that the implementation of the GST would be a major catalyst for e-services or IT solution providers, which could benefit front runners such as MyEG and Censof Holdings Bhd.

MyEG’s services are mainly linked to the Road Transport Department such as online vehicle registrations, licensing, summons services as well as utility bill payments.

This article first appeared in The Edge Financial Daily, on October 29, 2013.

i don't think you guys need to worry about the short term fluctuation on this counter. This counter has strong fundamentals. Worst could happen is people might have options whether to renew their permit either through the immigration counter or MYEG.

Russia's rating is Junk by S&P

despite all the bad news, its still could go up. nice

whats with the clarity? please clarify

just bad sentiment. but there are still MYEG supporters around. because eventhough the system has some setback, but it is still beneficial to the society. I wish people knew that capex for IT expenses is very costly and a lot of people are involved to make it succeed.

Subrie, how do i calculate RM1.1 per share

my avearage cost before the news is RM3.2 per share. so what's my profit as of now?

this counter will amount to nothing soon

hopeless stock la paper loss 60% already

whats going on?

wow

makan gaji buta

doomed

i'll keep until every cost is recovered then I'll run away. I've lost faith on any SPAC.

Ruslan Ibrahim now with Enquest

seems like a shitty announcement. Ruslan Ibrahim, one of the major stakeholders in Cliq is upset on how the management is running the company in such a slow pace.

25% paper loss on this counter :(

can derrick clarify what's happening here?

so our life is dependent on sharks? sigh

hopeless counter?

drop more and i collect more

I dont care about PE for this counter

please go down more. I need more discount.