Do you actually believe Opposition can really take down GST completely? This is their biggest lie! Almost all countries in the world has already implementing GST (China, India, Sirngapore, Taiwan, Japan, South Korea, Indonesia, Thailand, Philippine, Vietnam, Cambodia, Europe, US, Africa). It is living in fool’s paradise to believe that Malaysia can be the only country in ASEAN or Asia to escape GST, you think Malaysia has great source of income after drastic drop in petrol tax? If that’s no GST (as claimed by opposition), what will opposition do to get funds for the country? I believe they will sell more country lands, print more money, and increase personal and corporate tax rate, which ultimately Rakyat will pay great price for it!

Once GST monitoring project is completed, with 200-300% more revenue and profit come in, you can see the exponential growth of MyEG share price. My conservative take is the share price may grow at least 80-100% higher

Well said Lolita. There is no way GST will be forfeited regardless which party rules the country. It is the biggest source of income for country currently. Without GST and low income from oil production, do you think BN/opposition manage to rule the country (or enjoy their position) if without money?

In regards to Foreign Labours, with so many mega infrastructure projects being rolled out and business expansions (Malaysia is embarking high income nation development), do you think we need more foreign labour or less foreign labour?

Wao, Chinaman sources also come to play, my goodness. I tell you what, my Chinaman sources said they will massively take profit before Chinese New Year... see which one you believe.

Yeah... we already see so many cars on the road, it means most people alreasy have at least one car, be it first hand or second hand car. If the hire purchase is rate is lower, inflation rate is lower, better income environment, it will definitely promote people to change car or purchase additional car. But I see none of these factors are in existence now.

Many of Proton cars are funded by hire purchase and mostly bought by middle income or lower income group, couple with sky high inflation (high oil price, high general goods and services) now, a higher hire purchase rate will definitely make people think twice when want to change or purchase a new car.

BNM just revise the OPR rate higher. This doesn’t give a good reason to push this share price higher because all hire purchase rate will be higher and it affects car sales in general. Be cautious if you want to chase high.

BNM rate hike means higher hire purchase rate to buy a car. It may impact Proton business. Be cautious in chasing high price for now.

It is very uncomfortable to see people wanting to jack the share price up so badly without any particular good reason. This just makes a healthy stock become unhealthy. If later cause analyst reports to give rating “sell” for DRB Bicom, you will see how many people will get their fingers burnt who bought at overvalued price.
Trade cautiously. I believe all the good factors have already been priced in around 2.45-2.50. Trade at its fundamental level is much better strategy. Don’t trade at speculative level.

Yeah I agree. Current level is way overvalued. You should buy when it drop, but definitely not at current 2.60 level. Most of the good factors already price in around 2.45-2.50 level. Unless better factors come up, otherwise, current price level is purely a speculation level. Heavy profit taking will come in. Trade with care.

Yeah I agree. Current level is way overvalued. You should buy when it drop, but not at current 2.60 level. I am more comfortable with 2.50 level.

Heavy profit taking will continue. Sharks has miscalculated

Profit taken. Earn quite a bit in 2 weeks. Thank you so much MyEG.

May be there will be a heavy profit taking today. Be watchful

DRB Hicom use last 1 1/2 hour to shoot up 10% without any particular good reasons?

In fact DRB-Hicom just terminate a JV with company Goldstar Lotus Automobile Co Ltd because it had failed to obtain the required manufacturing licence in China in time...

It is bound to have profit taking today. Just be cautious

Heng Yuan share price has finally burst. It has dropped 8% today!! Petron Malaysia will follow suits soon. These fund will definitely flow to those bargain stocks. Sapura Energy will get benefit from it. Sapura Energy is on its good track to 1.60, so just hold tight! Those who sold early will regret soon just like what happened when they sold off during price 0.70 and miss the big boat! Oil price has now reached 3 years high, oil inventories of Us dropped massively, and OPEC agreed to cut production till end of year 2018. Thus, so much room for oil and gas market to play this whole year, don’t forget it is now just January! Even Feng Shui master is saying Oil and Gas is a good theme this year.

TP for Sapura Energy
1.69 by Public
1.63 by CIMB

O&G market sentiment is really great now with the better and better oil price (yesterday just hit another new milestone). It will lift up all O&G related company share price generally. Sapura Energy is still in great bargain price. Sit and watch it perform.

Still follow TP price:
CIMB 1.62
Public 1.69

Yesterday was wide profit taking day for US and US drops for the firs time since new year. It may affects the sentiment of Bursa today. Just be watchful.

US market drops for the first time yesterday since new year. Wide profit taking yesterday. I think it will affect the sentiment of Bursa market today and profit taking will follow suit as well. Just be watchful.

But it is good to keep holding. Don’t get affected

Tomorrow is also T3 day for many people and we should expect more selling pressure .

Watch the movement of contra player

No power.... resistant is coming.

Great return today. Once it breaks 1.00, it will go even faster to 1.40 and then 1.60.

UMWOG and Perdana Petroleum (bargain stocks) which is worst than Sapura Energy, has increase more than 12% and 20% up to now for today. Seeing is believing. Sapura Energy is still very early for its rally. Very much room to recover and grow from previous oversold position. Aiming TP 1.60 by Public Bank and CIMB.

Heng Yuan and Petron has no energy already, and many are switching out. We shall expect more inflow funds soon.

I also feel Public Investment and CIMB Research tends to provide more accurate TP based on my past experience. I had much better profit following Public Investment and CIMB research. Other research firms are meh.

Public Investment TP: 1.69
CIMB TP : 1.63

Let’s see when the funds from overinflated O&G stocks like Heng Yuan and Petron flow out to find another bargain stocks, we will see an even better show here

The start of strong rally begins! Sapura Energy is still in dirt cheap valuation.

Foreign fund has already flowed significantly into Malaysia starting of 2018 looking for all bargain stocks. Local institution should have done with their profit taking and will inject their fund in again for value stocks real soon because they have yearly KPI to hit. Good time is near

I agree. 17 billions project is not small at all! How many company is even able to lay even a finger in 17 billions thingy. 2018 book order is significantly much better than past few years. As long as there is more business, bottom line will improved, and profit is just around the corner.

You buy before people goreng, not buy after people have goreng. That’s risky. These China speculators also went too far goreng DRB Hicom to 30% higher in just few days time

Sold all at about 40% profit

Every day also top active trading for price dropping. Super bearish share.

The volume of selling keeps topping buying volume... what’s wrong with all these sellers?

Panic selling still non stop...

CIMB just upgrade its target price to 1.63. CIMB recommends “BUY”. Upside 92%.

Human sentiment is illogical and it is now reflected under this stock. Let’s see how much more this illogical selling can last.

Pmaster, why not you say it can drop to 0.10, 0.05, and then delisted?

“Top crude exporter Saudi Arabia is lobbying oil ministers to agree next week on a nine-month extension to OPEC-led supply cuts, sources familiar with the matter said, as Riyadh seeks to ensure a price-sapping glut is eradicated.”

"There is a 90% chance it will be announced in November," a second OPEC source said. "Yes, for nine months."

I am not too worried with the current development of oil market (dedication of OPEC and non-OPEC to make oil price higher and the higher oil consumption due to economy growth that gradually reduces the shale oil inventories) and current really cheap valuation of Sapura Energy. These 2 combinations is already making it a steal. No-brainer.

Sapura Energy is also more than able to purchase Sapura 3000 with its Rm2 billions cash level. No sweats.

In investment, we always see how much room for a share to grow vs how much room that it may potentially drop to justify return vs risk. Sapura Energy, this oversold share has pretty obviously reaching very limited downside and possess multiple times more growth potential. Can be easily calculated by simple maths.

Thanks for the dump by Mokhzani, otherwise we won’t have this golden buying opportunity. Many have forgotten that the largest shareholder and third largest shareholders are still in tact. Even Mokhzani doesn’t dump all his share, he still retain almost half of it. But share price has dropped unnecessarily and drop like all substantial shareholders are exiting... so, that’s really great for who wants to enter now. Before Mokhzani dump his share, the Sapura Energy shares price was about 1.60. So I guess Sapura Energy price should be at least about 1.50.

Supermax PE is only 18, still lower than TOP Glove of 23, Kossan of 27, and Harta of 37! Industrial average PE should be about 23-25. So anytime, Supermax should match back the industry average. If consecutively, Supermax goes up to PE20 and the share price will be 2.00. If Supermax can reach average PE25, the share price will be about 2.50 then. Still cheap to buy.

Let's drop furthur, so I can accumulate at 2.00. Have waited long time for it to really drop.

Have to quickly accumulate before the implementation of the GST project phase 1 by 1st July.

Why go up... I haven't managed to buy enough at low price

Kindly drop to 2.10. I want to accumulate

This is merely suspension... not firing. That's differences. Suspended for investigation is a standard procedure in all big corporations. If the allegation is cleared, Zakaria will get his job back. Zakiria is pretty confident that he is not guilty it seems.

MSWG之声 (from Nan Yang Press)

国家汽车公司普腾脱售49.9%的传闻已久，先是国库控股、政府，然后是多元重工（DRBHCOM，1619，主板工业产品股），数次尝试脱售这批股权。

不过，不信格言所说的“把最好的留到最后”，这次脱售给中国吉利的行动，应该评估对纳税人、多元重工股东以及其他厂商的影响。

从现金来看，作为交换近半的普腾股权，只有1.7亿令吉付给多元重工，相比之下，完全脱售规模更小的莲花，所获得的5.58亿令吉少很多。

对一家曾经是马来西亚市场领导者以及有超过30年营运历史的汽车公司，老实讲，这算不多。

根据条款，多元重工-吉利的普腾合资企业，也将得到吉利在大马和本区域的BOYUE休旅车经销权，虽然这个平台并不需要中国公司的额外金钱投资，不过这对大马的厂商可能很大影响。

令人担心的是，对新平台或者新领域如自动驾驶汽车等，所需投入的现金或联合投资却很少提到：这些主要增长部门得到其他更大的工业注入数以亿计的资金。

此外，更多的现金部分来自政府的13.5亿令吉研发补给和低息贷款，引起质疑，为何一家公司多年前已被私有化，却继续获得政府的援助和资金。

我们也发现，在所宣布的条款里，多元重工有责任负责出钱搬迁营运去丹绒马林工厂，而不是吉利。

随着主要控制权还是在大马手里，多元重工股东和大马纳税人可能要问：“这项联营计划是否代表，财务支持普腾的动作划上句点？”

如果答案是“不”，那么“到底还需要多少钱？” 相当多值得关注之处，不过，普腾和吉利只签署了一项意向书，条款可能再修改，因此我们需要大力关注。

This article shows great benefit of digitalization to Malaysia.

That's why Malaysia government is so eager to push digitalization, from earlier initiatives like establishment of the Multimedia Super Corridor, MDEC, the Malaysian Global Innovation and Creativity Centre to current Newer projects include the Digital Free Trade Zone (DTFZ), and appoint Jack Ma from Alibaba as our national adviser on digital economy. We also see Malaysia government launched initiative to increase general broadband speed/quota this year.

These are to prepare for more digital project from government and digital economy in very near future. Great for MyEG as the leader in this area.

https://www.nst.com.my/opinion/columnists/2017/05/239366/digital-future

62.81% YoY growth is really impressive. Much better than many companies indeed. Good job MyEG!