First mth i bought c42 at 7 cents sold c42 at 11 cents then buy back at 13 cents and sold at 17 cents then bought back at 13 cents. Now sell back 17 cents. If you guys focus on c42 you guys can become more richer, every mth. You still have till November to make money here before the warrants expire.
I heard the news, its expectedlah. Too much last minute stuff in gomen trying to fulfill 100 day policy. Should be enough to burst myeg next week. To sustain though with trade wars, phew different story.
Probono, ur absolutely right. I am of same thinking as well, but i was commenting on the way malaysian goreng kakis invest, they dont care if lose govt revenue is only 20%, they will treat it like 100% total loss. Not to say its a bad thing, coz it allows ppl like us to collect more at low prices. I think i already did couple of good trades due to the above. I have some c42 at bought at 0.17. Expecting more drops, so that I can accumulate more, if increase instead, I will sell. Either way make money coz diversified purchase. Myeg is technically strong, and markets perceived weakness is for our gain. Just dont contra lah, u ll get burnt.
Already been telling you guys this stock is not meant to profit short term, very risky. Its meant to reach above RM2+ after all the politics die down. Anyway, the stock falling can be indication that insider sellling because anticipating myeg wont be awarded sst contract. Just hold your stocks, it will go up someday... If you are long term seller.
Actually Novamsc is the main threat. News is that they are willing to "in" with losses just to make an entry in Msia market. Right now PH want to show ppl they can save so much money, they will take whichever company will give them savings. Myeg have system ready but being an established company, will not offer their services as provider if its at a loss, which is the right thing to do. This gomen want everything free or cheap, go fly kite lah. Hence, why there will be a drop anticipated within inner circle due to shallow perception by market. Market never think long term one. I hope to unload at 0.18 and only enter back after the SST drop which will be another windfall. Well, u guys all seem to be having first hand news, so confident myeg will get SST, I wish you all the best. Hopefully sama sama make money. Thats what matters in the end.
Just be careful lah, we are talking about PH here. They def not gonna award the contract to myeg just because they got the system. PH will make sure go through tender process properly, got savings, then only proceed as all eyes on them. My prediction will be share price will go down if PH purposely dont want to give project to myeg. This is why hopefully myeg wait till the SST news breaks wether positive or negative then after that break news on philipine and bangladesh projects. U trust msia politics, everything gets f*ed. Kena dy big one last time so a bit on cautious side. Anyway, still holding on to c42 at 0.15 after selling previous batch. After myeg hits rm2.20++, will exit this share and go for sapnrgy.
Wont so fast go up againlah, wait till next news first. Just be careful that if PH choose diff company for sst implementation, that news itself will drive myeg share down even if there are other positive new about overseas ventures. Thats Malaysian investment mentality for you. So just play safe lah, dont enter when at highest point. Alwayd enter low.
Price will be around this level or drop a lil until more news of business developments. Sadly, most serious investors already chiow from this stock, maybe be back in 2 mths time. For now, myeg will be unstable due to contra and short term holders (like me).
I sold all my myeg from 70 cent at rm1. 02 and bought myeg-c42 instead. The profit rate just went up the roof, lol. My critics from back when i was saying myeg was sooooo underpriced and its worth rm2.50 at least will probably be burning with jealousy right now. Myeg-c42 is more profitable and expiring only in December. U guys better buy and accumulate too. I am going to sell my c42 soon and wait for the next correction to buy back. Mark my words, the next gold mine which is a worthy buy is sapnrg at 58 cents now. All the best critics, go kick yourselves now.
Took profit and sold all myeg stocks. Found better value mid term investment: myeg-c42. Another 6 mths lifetime which will be ample time for it to rise in value and you can buy 10x more volume to parent myeg for profit taking purposes. I forecasted before that MYEG will go back to RM1. 50-RM2.00 levels. Oh, before the sceptics start attacking me with nonsense claims, I suggest they look at the price charts first. These clowns just want to provoke others when price drop and so delusional even price is going up, they cannot accept their stupidity. I told you jokers out there back when 0.785 that this was a panic sell, totally value buy and that prices will increase back to normal over time, you all ridiculed me. How much is it now??? One day or two drop, dont simply come and hantamlah think you all so clever, open your miserable eyes and look at the stock price in long run. Lol!!
This is at least RM2. 00 worth. When it was at 0.695, when I said this was good buy, some people laugh at me. Nevertheless, this is a share good for taking profit in between, even at RM1. 00, its a solid buy.
Lol, just logged in back. Sorry if you missed me lah, i dont camp out here. Only stupid people bet their houses on stocks, just shows genting gambler mentality. Anyway, I got in at 0.70. Lets see how far this share take me. Im in for profits too so I will sell, buyback etc. Not just gonna just buy n keep. I can afford to just leave my stock here for a whole year if I have to. This is not a 0.20 cent stock after all.
Who are buying back at cheap discounted rate? LOL, thats why I say this is a cheap sale you don't see often. Just buy and keep. If you go to MYEG website, all their assets and financials are stated there. At least the above is my opinion lorrrr. Up to you whatever you want to do...
pls sell all to cut loss, dont hold on to it and lose everything. This warrants going to expire in 24 days and value will keep reduce to zero. Its a slow, painful death to whoever holding it and whoever gonna buy it. RIP!
hahaha, just kidding lah. I have been following SKP ever since my share converted from Tecnic. Made a lot of money and have confidence in their company direction. Dont understand why share holders so weak about buying even when this company is performing and growing. However, I hope SKP manages to find other clients to utilize more their plant and diverse their business instead of depending on Dyson alone.
Sorry to burst your bubbles but I think tomorrow is start of selldown according to historical charts. If you see the chart pattern, everytime after a strong bullish trend (since 2 days ago), it is followed by gradual selldown and then gradual stabilization. It is also a pattern that Friday 2nd session to Monday 2nd session, stocks are in bearish cycle. So the T3 selldown will proceed, so much profits to be collected after all.
im still here but gonna stay away from this share, ignore my earlier "buy when price drop" calls. Its climbing up artificially but now not only maybank but other bank even cimb them self not allowing ppl to buy the share with margin according to ppl comment above. Id rather invest somewhere safe until hear confirmation on progress of the share. Don't care if lose profit, rather not lose capital. All the best guys, Im out of this forum for now, only see spamming here anyway.
The price down because ppl collect profit lah. It will go down, then ppl buy in and then ppl sell back, normal lah. Besides, one more factor is SKP announce no dividend this quarter, thats also why ppl dont want to keep long time.
All the above about the share being valued at 0.15 cents or lesser I have already shared since 2-3 weeks ago. Don't go in unless it drops to backs valuation range first. Haven't you all learnt your lesson with the drop from rm0.30 yet? If you really want to burn your money, later on you have yourself to blame and no one else. The PE ratio is at 102. Do you know how ridiculously high is it???. This is a ticking time bomb. Wait for realy confirmed news on the commencement of mega projects and just monitor from far away for now. Even if you hand itchy, don't buy in.
Lims123, if you want to try goreng skpres warrants still got chance since their quarter report came out only after market close yesterday, maybe you can quickly buy a lot on monday morning queue then sell 2nd session or a few days later. Everyone waiting for Monday market open to goreng the counter. From report, the counter really perform.
goreng_kaki: geshen market cap 190 mil, number of share 90 mil, PE ratio 14.74 lcth: market cap 221.40 mil, number of share 360 mil, PE ratio 10.32 Luster: market cap 138.55 mil, number of share 1.732 bil, no PE ration also VS: Market cap 1.531 bil, number of share 1.169 bil, PE ratio 9.71
Compare apple to apple only VS can compare with SKP Res, and VS is long term established player share price used to be so high until recently only dilute to be more competitive. If you compare VS with SKP of coz VS stronger name but SKP is catching up to them by track record and potential to surpass or even level the playing field. I dont know what logic you use to compare geshen, lcth and luster with skp though, and their quarter report performance also cannot stand up, different league lah.
Since I am mid term trader, I would say go for both companies, identify weakness buy then sell on strength.
You talking about last year August correction from 1.55 it jatuh 1.22. I correct you, it went as high as 1.60 due to foreigner silap push the price up too high when the value was supposed to be around 1.3+. When market realized and market correction, share price drop then rebound back to 1.3+ levels until now. Which share doesn't drop during market correction? Ir was never meant to stay at 1.60 levels at the time until proven by quarterly reports and slowly based on investor trust then only go up according to increased revenue and profit. Ppl wanna goreng also have to use common sense for price lah, how long can stay above its worth. If you want 1.6+ level prices, then now and nearest future is the time it will reach this target.
KUALA LUMPUR (Feb 19): SKP Resources Bhd's net profit for the third quarter ended Dec 31, 2015 (3QFY16) more than doubled to RM24.15 million, or 2.20 sen a share, from RM10.54 million, or 1.17 sen a share, a year ago, due to higher revenue recorded from existing customers as well as contribution from newly acquired subsidiaries.
In a filing with Bursa Malaysia today, revenue also more than doubled to RM314.77 million for the period, compared to RM150.18 million in 3QFY15.
For the nine-month period (9MFY16), net profit stood at RM60.47 million or 5.58 sen a share, against RM30.71 million or 3.41 sen a share a year ago.
Revenue, meanwhile, came in at RM819.06 million from RM422.16 million in 9MFY15.
Moving forward, the group expects to remain profitable as strong order books from existing customers will contribute positively to its performance for FY16.
"The acquisition of new subsidiaries would allow the group to leverage on their additional production capacity and broaden the product mix to better tailor its services to suit the demand of customers," SKP Resources said.
The plastic moulding manufacturer added that it would diversify its customer base with the acquisitions as the new subsidiaries have established long-term relationships with several multinational companies as its customers, which are spread over a diverse range of industries.
Shares of SKP Resources closed unchanged at RM1.32 with 2.4 million shares traded, giving it a value of RM1.48 billion.
goreng_kaki: u talk nonsense PE is 20 which is around industry average not high, so share got value for money. Good results from a quality company. Glad I alled in and also added contra together. hahahaha!!!
Right now im still collecting capital so I just all in or dont buy, which is why i am very careful, I have a strong feeling KLCI in general gonna collapse due to no confidence in our country leaders. This share price is getting more and more attractive but the risk is getting bigger and bigger too. I just wan to make quick profit somewhere and keep cash waiting for KLCI to be down. Then go back in for longer time gain.