Another important excerpt that we can infer from, of the potentially explosive increase in profits in the next few quarters.

“With the latest job win, its outstanding order book increased to a total value of RM384.27 million, which is expected to be progressively completed between 2023 and 2024.”

Confident statement in their recent press release. Excerpt as below.

Looking ahead, Mr Loy said MN Holdings is optimistic with the current FY24 performance as a few of the data center projects awarded to the Company will be completed, allowing the Group to recognised substantial earnings contribution from these projects.
“As at 30 June, MN Holdings order book stands at RM337.67 million. These secured contracts are expected to positively impact the Group's earnings over the next two to three financial years, barring any unforeseen circumstances,” he added.

t’s not too late if it really can go to 2.50 or above. It’s just taking off ! Don’t miss it Nobody catches the bottom, neither do they sell the top, unless extremely fortunate. Let’s go !!

2-2.50 coming soon? Let’s see and hope.

Good luck to all !

@kfliau, I'm no expert either, but personally I'd hold for a while if you're already in.

1) strong orderbook (how much really translates? I don't know). Plus the management seems to be confident in their guidance for the next 2-3 years. Side note, director has been buying back shares recently?

2) P/E - well that's a factor of growth, isn't it?. If the company continues with strong EPS as per previous quarter, it would be what? 36 sen at 10PE? (looking at forward PE, of course - as you know, stock prices reflect forward earnings - take tech companies for example - of course tech multiples can be astronomical and cannot be compared). Therefore, let's see whether the orderbook translates.

I agree with @trader808 in terms of having a criteria, but if one is in the stock, surely there are some good things you see in it, not only negative right? And if you're an investor, surely you would give it some time before you totally change your opinion, wouldn't you?

3) technically, it is still hovering above the uptrend line. Ideally, this would be the base or even rebound point, but only time will tell.

Yes, trader808 is right, ultimately, it's about earnings. Let's hope for the coming quarters to show positive growth.

To end, thanks again trader808, appreciate your lengthy write up and let's hope this stock delivers.

@trader808, thanks for the tuition as well. Do you happen to own this stock or rather, still have this stock in your portfolio? And does it fit into the criteria that you mentioned above? Perhaps then I can infer the next steps.

Sorry, accidentally deleted my post. As mentioned, I thank you for your views trader808. It would be great if you could recommend the next steps for humble investors like us.

If not confident with the management. Sell and move on

Time will tell…

Don’t know what the out come of the restructuring will be, but technically it’s in a good place, after a pullback.

The sky is the limit for MYEG !

Gundabhai is right, nobody has a crystal ball. It’s all opinions.

Fundamentally, I think AAX is not overvalued. Plus, placement at 1.55. With a 10-15% premium on that, it should have a higher base of 1.70-1.80? Who knows? Plus, not many shares out there…easily cornered.

Technically, it does seem like the stock needs to correct. How far does it go, nobody knows. If you’re long term, you shouldn’t panic. On contra, then be cautious, as always.

Cloud hanging over its head is what’s the restructuring gonna look like? Just laying out all to consider.

Final decision is ours. Nobody else to be blamed.

although fundamentally, I do think it is overvalued, but technically, I must concede that such a long tailed hammer doesn't look nice (indicates a reversal) after such an uptrend. The stock needs a break I believe. I could be wrong...good luck

the last time China opened up, everybody thought the world would end. Another huge wave coming...nothing happened

I don't think it's a glove run, but I also don't think it's terribly overvalued

made about 15EPS in Q1? after you remove the reversal...
2Q maybe 5EPS (low season?)
3Q and 4Q - 15 EPS (coz more planes deployed?)
=50 EPS x 4 to 5x PE = 2.00 to 2.50?

of course, I'm clueless over what cloud of restructuring to happen

With so little shares...it's a controlled item...it's up to them

it's just mind boggling

now, with 327mil profit. Is it sell on news? time will tell

Can you guys STFU and compare the length of your dicks elsewhere?

fell like I'm in a two faced universe ! hahaha

@speedyboy, when you come to a forum, take everything with a pinch of salt... gather what makes sense and discard the rest...decisions are finally yours

those who sold this morning better buy back soon...

probably buying back edy

wah....got formula somemore...I must take this more seriously

Boom

Buta easy money for the subscribers.

That's how the world works...you buy in bulk you get a discount, you pay in cash you may get a discount...if you have 10s of millions and you use it properly, I'm sure you'll get discounts as well...

yea, it's time to buy

If I'm an investor and I'm going to take placement at RM1.55, I don't expect the market price to be at RM1.55...the support is higher than that...there is a premium

if you're an investor, you're solid...if you're on contra, then maybe takut sikit

To get investors to inject, surely the future is extremely bright. We now have a higher base…

buy ! just buy ! for those looking for a quick buck...then this is not a stock for you !

Buy ! just buy ! Don’t listen to all the BS !

Buy ! Just buy !

Buy! Just buy…

Company has lots of cash and little debt. Just had one of the best quarters ever. Very little customer risk. Bankruptcy?! Give us a break.

#dontselltoarman #dontselltooperator
#buynowandholdtight
#dontbefooled
#timetobuy

Those buying with a 1 year view and above, buy now ! For those fearing bankruptcy, what are you doing commenting here? Close shop and go back to the shell you crawled out of. Unless you’re a scavenger or operator trying to buy cheap with your scare tactics.

Word of warning, if you’re going on contra, you’re asking for a spanking. Especially from this cheapskate operator ! Buy as much as you can afford, and hold !

At top of the market, people buy like lions, when prices have declined 50% scared to buy. Where’s the logic? This is the time to take a deep breath and buy! Don’t listen to these doomsday preppers, they want you to sell to them. At these prices, I’ve been buying QES and will continue to buy more if it stays here. Around these prices, don’t think twice la. Aiyo !

Cheap indeed. Hope the operators don’t miss the forest from the trees. Running out of time in this bear market rally.

@anthony, well, after a more than decent quarter, an investor would hope for a new base. Therefore, if you take two steps forward, you’d hope for half or one step back. But to take two steps back? anyway, who knows…let’s see

This operator low budget one. Wanna make every bit he can. Push up and then shake out…just have to be patient with this lower class fella.

Oversold !

A single swallow doesn't make a summer...so one good QR doesn't prove anything...MI has to consistently bang out good results to convince investors/funds...the price will start moving with one or two more big results...

Believe so too 8u29song...

price movement predictions all conjecture...what is certain
1) low PE
2) high NTA
3) economy opening up
and much more...

deep in value...

today is a shakeout of weak holders and non believers !

deep deep in value !

When buying growth stocks, dividends is furthest from my mind

The future is phenomenally bright