No power

good

Buy next week

Virus have nothing to do with Krono

Hoong , check announcement

Bonus issue “indicate uptrend”.

OPR cut, another “push”.

Bank Negara Malaysia's decision to cut the overnight policy rate by 25 basis points to 2.75 percent .

As long as rates stay this low, "Where else are you going to put your money?"

"So that money is going to continue to flow into our equities, our market,"

Must have Long term stock

Sell today, take profit

SELL IF STILL HAVE PROFIT

Decent return for me, within 3 days with 12% return . GXFC

Sell while high

Hold for long term and will reward investors

GOOD FOR GLOVE STOCKS

China confirms coronavirus can pass person-to-person; WHO calls emergency meeting
PUBLISHED 1 HOUR AGO UPDATED 28 MINS AGO

GOOD FOR GLOVE COUNTERS

China confirms coronavirus can pass person-to-person; WHO calls emergency meeting
PUBLISHED 1 HOUR AGO UPDATED 28 MINS AGO

Accumulate

NOTION EXPECTED INCREASE IN EMS IN FY2020


EMS sector seen as beneficiary of US-China trade war -Affin Hwang Capital

The Edge Financial Daily
October 11, 2019

Electronics manufacturing services sector
Initiate overweight: We initiate coverage on the electronics manufacturing services (EMS) sector with an “overweight” call, not merely as a beneficiary of the trade diversion but also to ride on the rapid expansion of their common key customer — a global renowned household appliances brand.

The key customer is able to enjoy a lower cost of production with its entrenched ecosystem in Malaysia and will continue its investment in technology which should benefit the Malaysian supply chain.

US-China trade tension and rising cost of manufacturing in China, most of the EMS players have received increased enquiries from multinational corporations looking to shift or diversify their manufacturing base away from China, and are in discussion with their prospective customers for potential new opportunities.

Bonus issue provide more liquidity for the stock to move upward

M Online Technical Trading Stocks - 20 Jan 20

Stock Name: OKA (7140)
Entry: Buy above RM0.78
Target: RM0.815 (4.5%), RM0.84 (7.7%)
Stop: RM0.75 (-3.8%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SCANWLF (7239)
Entry: Buy above RM0.255
Target: RM0.28 (9.8%), RM0.290 (13.7%)
Stop: RM0.23 (-9.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M Online

M Online Technical Trading Stocks - 20 Jan 20

Stock Name: OKA (7140)
Entry: Buy above RM0.78
Target: RM0.815 (4.5%), RM0.84 (7.7%)
Stop: RM0.75 (-3.8%)
Shariah: Yes
Technical: Flag-formation breakout

Stock Name: SCANWLF (7239)
Entry: Buy above RM0.255
Target: RM0.28 (9.8%), RM0.290 (13.7%)
Stop: RM0.23 (-9.8%)
Shariah: Yes
Technical: Monitor for breakout

Source: Bloomberg, M Online

Key Themes at 2020:-

Artificial Intelligence

5G and Mobile Connectivity

Tech for Food

Transportation and Vehicle Technology

C Space

YEAR FOR TECHNOLOGY AND TECH RELATED INDUSTRY

Good buy

Long term

New Director has many plans

Post removed.Why?

Some posted:
How can MACC send a written confirmation to say that MyEG is not under investigation. That is very Premature and causes confusion.

Shareholders want to sell on rebound before drop further??

Yesterday, MyEG Services Bhd and its board of directors announced that MACC was not investigating the company nor was it involved in the investigations leading to the charge against the former deputy prime minister.
Read more at https://www.thestar.com.my/news/nation/2018/10/20/macc-companies-involved-in-zahids-case-will-be-probed/#txcGLxDjg83hRxwc.99

MyEG announced that MACC was not investigate NOW.

MACC didn't mention will NOT. MACC don't need to tell MyEG when they will be investigated.

Since MACC was able to charge Zahid from MyEG dealing, SELL is the only choice for this moment of time.

Common sense will tell us.
Will MACC able to charge Zahid if MYEG or DS are did nothing wrong!?

Third paragraph of the news will be your answer

KUALA LUMPUR, Oct 20 — The Malaysian Anti-Corruption Commission (MACC) will investigate all the companies involved in the case of Umno president Datuk Seri Ahmad Zahid Hamidi who was charged with abuse of power and corruption yesterday.

MACC deputy chief commissioner (operations) Datuk Seri Azam Baki said any company and person involved in corrupt activities will not escape investigation.

“We investigate whoever is involved in corruption, so far one company has said they are not involved it is up to them to say. The clarification will come from MACC, if our investigation shows that the company is not involved in any corruption, they are not guilty,” he told reporters after the IBR oath-taking ceremony of the Badminton Association of Malaysia (BAM) at the Malaysian Badminton Academy here today.

Yesterday, MyEG Services Bhd and its board of directors announced that MACC was not investigating the company nor was it involved in the investigations leading to the charge against the former Deputy Prime Minister.

KUALA LUMPUR, Oct 19 — Amid the whopping 45 corruption, money laundering and criminal charges against Umno president Datuk Seri Ahmad Zahid Hamidi today, eight stand out for having happened while he was in government and in charge of the Home Ministry.

The former deputy prime minister from July 2015 to May 2018 was charged with receiving a total of RM21.25 million in bribes in return for projects given out to private companies while he was home minister.

The projects range from My EG Services Berhad projects, Malaysian passports and services for migrant workers seeking to enter Malaysia — which are either linked to the Home Ministry or falls under its purview.

MYEG will be blacklisted and portrait bad impression to local and international customers.

SPA signed and is legally binding between buyer and seller. Once SPA signed FMU5 can be recognise by PWI while disregard about payment schedule.

mkmk, please read what I posted on why PWI have to a adopt in this last quarter. You keep asking but didn’t read.

I am not god. tswong99 might understand more than me.

Tswong99 understand more then mkmk.

mkmk,
PWI adopt now because of FMU5.

mkmk.
Yes , I count by batch if I am like Tan Sri. Margin 4.5% per annum interest to buy access RI and sell within a month with few million profit , why still hold!

You just asking why now and not early. You dont understand the rationale and definitely not in forestry industry.
Question why early adopt. You want to make life difficult!? Maybe you love to do but people don’t do it when it make no sense.

That is why MASB allow defer and defer so many times for Transitioning Entities.

Soon9913,
At least 50 million excess

mkmk, read my previous comments on why PWI plan to apply MFRS.

mkmk, read my comment carefully.
Tan Sri applied excess of RI. “Excess”, I guess you not aware of excess, too bad.

Yes, Reserve. Sorry.

Tan Sri applied many million of access of RI, not what his entitled.
His cost shall be RM0.05 for 1,500 shares, equal to RM0.033.

Reserve come from FMU5 due to MFRS, not RI.

If you are notice , news on illegal logs was in 18 July 2018 .

In 20 July 2018, PWI mention in the Star:

Following news reports in the wake of the Special Task Force’s recent inspections of timber operations in Sabah, we would like to state that Priceworth has always striven to meet the Sabah Forestry Department’s (SFD) high standards in all its operational undertakings, said its executive director, Richard Koo, in a statement yesterday.

In 20 July 2018, PWI. announce Company’s abridged prospectus dated 20 July 2018 in relation to the Rights Issue. If PWI was one of the listed company mention by state of Sabah, do you think RHB Investment Bank as adviser and joint underwriters like Kenanga, Aminvest , Mercury and MIDF allow PWI to announce the Abridged Prospectus?

Will Bursa and SC let you announce without scrutinise by them on the illegal logs?

I rather believe all the IB, Bursa and SC rather than those asking where is 40,000 logs!

MASB allowed 6 years deferment for Transitioning Entities. No reason to adopt early unless you want to make your life difficult and make no sense to adopt in 2017.

PWI recognise in this year because:-

- FY2019 will comparable to FY2018.

- Recognise surplus this year on FMU5 (last year can’t recognise yet) shall allow PWI to have a huge reverse and can issue bonus issue in FY2019.

- Huge reverse allow GSR Pte Ltd to list in SGX in coming months.

Posted by soon9913
May 23, 2018 05:01 PM | Report Abuse

I made 10% loss and run lo. wait and see

……………………………………………………………………………………………….
PERHAP SOON9913 NOT HAPPY TO SEE PWI TO PERFORMANCE.

When an announcement mentioned the reason of the delay, some people try to interpret something else.

When Tan Sri was able to subscribe access right issue (after his entitlement), he might got many million of right issue at only RM0.05 with bonus. Selling some to people to support the price while having profit of million, why not.

"In order to enhance the comparability and relevance of the financial statements, the Company has decided to early adopt the MFRS frameworks and prepare their financial statements using MFRS for the current financial year ended 30 June 2018"

MFRS require PWI to adjust FY2018 if they don't do it for this year.
Early recognise of surplus in fair value, PWI can issue bonus issue in FY2019. If you're a corporate guy, you shall understand it.

When read announcement , read all.

The delay in releasing the Quarterly Report is due to the followings:

1) On 19 November 2011, the Malaysian Accounting Standards Board (“MASB”) issued a new MASB approved accounting framework, the Malaysian Financial Reporting Standards (“MFRS”) framework. The MFRS framework is to be applied by all Entities Other Than Private Entities for annual periods beginning on or after 1 January 2012, with the exception of entities subject to the application of MFRS 141 Agriculture and/or IC Interpretation 15 Agreements for the Construction of Real Estate, including its parent, significant investor and venturer (herein called “Transitioning Entities”). Transitioning Entities will be allowed to defer adoption of the new MFRS framework for an additional six (6) years. Consequently, adoption of the MFRS framework by Transitioning Entities will be mandatory for annual periods beginning on or after 1 January 2018;

2) The Company falls within the scope definition of Transitioning Entities and accordingly, will be required to prepare financial statements using the MFRS framework in their first MFRS financial statements for the financial year ending 30 June 2019;

3) In order to enhance the comparability and relevance of the financial statements, the Company has decided to early adopt the MFRS frameworks and prepare their financial statements using MFRS for the current financial year ended 30 June 2018. According MFRS 141 Agriculture, biological assets shall be measured on initial recognition and at the end of each reporting period at its fair value less costs to sell, except where the fair value cannot be measured reliably; and

4) To facilitate the finalization of the valuation of the Group’s biological assets following the adoption by the Company of MFRS 141 as the Directors are of the view that the early adoption of MFRS 141 will result in a more true and fair financial position as well as enhance the comparability and relevance.

PWI will endeavour to announce/issue its Quarterly Report to Bursa Securities on or before 7 September 2018.

This announcement is dated 30 August 2018.

Auditor applying MFRS on FMU5 and calculation was complicated

KLCI on uptrend based on 30 counters and not thousand counters.

There is no direct link between KLCI and the rest of thousand counters.