COMPANY IS HAVING FUND PROBELM AT THE MOMENT. GOING TO RAISE FUND, MAYBE BY PLACEMENT...SO THE QUESTION ASK, WILL THERE BE A PULL BACK A LITTLE AT THE MOMENT, OR IT IS ON STRONG UPTREND??? HOW WILL IT BEHAVE WHEN THERE WILL BE A PLACEMENT??

gambling money cannot be used to feed children, thru scholarship. unblessed money

Our bottom line for the first quarter is positive with a small RM14 million profit for the airline and RM51 million for the group before exceptional costs. These costs are the sign-on bonuses we paid in the last months and some other restructuring charges. This is a marked improvement from last year’s loss of more than RM450 million for the airline alone.

Signs business agreement with Celcom
■ MOU with Celcom Axiata terminated and replaced with a business agreement.
■ Investors might misunderstand the news, focusing only on the MOU termination.
■ One of the projects both parties are working on is the supply of Celcom sim cards to
registered illegal and legal foreign workers.
MOU terminated and a new business agreement signed
● Yesterday evening, MyEG announced that the MOU with Celcom Axiata has been
terminated and the company has signed a new business arrangement, where MyEG
becomes Celcom's Direct Channel Partner to promote, market and distribute products
and services to end users. We believe investors might misunderstand the
announcement, neglecting to read beyond the termination on the first paragraph.
Supplying Celcom sim cards to foreign workers
● One of the projects MyEG and Celcom Axiata have been working on since Apr 2016
is the supply of Celcom sim cards to registered illegal and legal foreign workers. This
sim card will help foreign workers identify themselves when questioned by the
authorities doing random checks.
Revenue-sharing between both parties
● On average, a foreign worker spends RM50 on monthly call charges. We understand
MyEG should get revenue of an average 10% of the monthly call charges, assuming
the foreign workers use the Celcom sim card. There are around 2.5m legal foreign
workers and we are targeting MyEG to register 1m illegal foreign workers in the
ongoing rehiring programme.
Potential profit from this sim card business
● Assuming the company can register 1m illegals, the total legal foreign workforce
should reach 3.5m in 2016. Assuming only 30% foreign workers use the Celcom sim
card and MyEG gets RM5 in monthly revenue from a foreign worker, the potential
revenue contribution is around RM63m annually. As we believe operational costs for
this service are small for MyEG, we assume a 90% profit margin, which means profit
could hit around RM58m annually.
● We have not assumed any potential earnings from this sim card business.
Registration of illegal workers is ongoing
● Registration of illegal workers is currently ongoing and we are targeting 1m illegals to
be registered by end-Jun. Assuming only 0.5m illegals are registered by then, we
believe registration should continue until it reaches the 1m target. Assuming 0.5m
illegals are registered in both FY2016 and FY2017, MyEG’s FY16 EPS could fall by
11% but FY17 EPS rise by 9%.
Remains an Add
● We believe most of the short-term negative news has already been reflected in its
share price, which has fallen 20% since the Jan peak. The stock remains an Add and
our target price basis is unchanged at 21x 2017 P/E. Potential re-rating catalysts are
strong registration of illegal foreign workers in the next two months. MyEG’s weekly
price chart shows the stock consolidating in a downtrend channel, support at RM1.78.

Carefull with rules and regulations, because all this set up, is actually for their benefit in making money, but it does not help retail investors like you and me

Post removed.Why?

Anything less then 3.50 is a buying opportunity.. 3.50 to 4 should be the play range at the moment.. panic sellers are pulling it below 3.50

Gtronic play will be between 3.50 to 4, at the moment..only very panic situation will take the stock below 3.50.. anything below 3.50 is buying opportunity..

Now a different theme play had started, majority are looking at AIRASIA

Sure majority of export counters are affected at the moment..exports had been running for long time already

Gtronic core business very dependent on global smartphones, but this is just a cycle, time to be high on uptrend, now to be down but not OUT YET

ANYTHING LOW THEN 3.50 IS OPPORTUNITY

http://nexttrade.blogspot.my/

the play will be between 3.50---4, just panic situation can take the stock low then 3.50

http://nexttrade.blogspot.my/

the play will be between 3.50---4, just panic situation can take the stock low then 3.50

cau@seccom.com.my

SO MEMBERS AT i3 PLEASE WRITE IN

cau@seccom.com.my

I SUSPECT THREE HANDS ARE INVOLVED IN THIS DIRTY PLAY OF LEAKING INFORMATION OF EARNING REPORTS.. FIRST THE COMPANY, THEN THE INFO WAS PASS TO RESEARCH HOUSE, THEN WAS LEAKED EARLIER TO BIG FISHES LIKE FUND MANAGERS.. HOW THEY KNOW EARLIER IT SHOULD BE AT ARROUND 4..SOMETHING LEAKED EARLIER..SECURITY COMMISSION SHOULD BE FAIR TO NORMAL RETAILERS. JUST THROWING UMA IS NOT ENOUGH. THEY SHOULD INVESTIGATE DEEPLY, IF GOVERNMENT FUND ARE INVOLVED, SHOULD BE CHARGED IN COURT.. JUST BY THROWING UMA, THEY ALREADY WASHED OFF THEIR HANDS.. THEY CAN RETRIEVE INFO FROM BURSA AND SEE, BUY AND SELLS TAKING PLACE AT THE TIME THE STOCK WAS TUMBLING DOWN. EASILY THEY CAN CATCH THE CULPRITS.. BUT THIS BOLEH LAND IS VERY CORRUPTED

cau@seccom.com.my

PLEASE WRITE IN, ASK THEM TO INVESTIGATE, JUST UMA IS NOT ENOUGH

cau@seccom.com.my

above is security comission e mail address, i already wrote to them, so i hope many members from i3 also write in

earning report already out, see my above link

down 79 percent

Post removed.Why?

I AM VERY VERY SURE RHB THE SNAKE IS GOING TO DOWNGRADE THIS COUNTER BADLY.. INFO IS OUT, SOME BIG FUND IS SELLING, BY THE TIME REACH TO RETAIL INVESTORS ALREADY LATE LO

THERE MUST BE UMA, SC MUST BE FAIR TO EVERYBODY

some research houses is going to downgrade this counter,, there should be UMA FOR THIS COUNTER..WHAT IS SC IS DOING, SLEEPING HA

The delay in Komtar’s opening from Apr to Jul 16 was caused by:
1) Space expansion from 130,000 sq ft at the point of IPO to 300,000 sq ft
currently;
2) Levels 3 and 4, which will house “I love Penang Gallery” and the
Doraemon exhibition, experienced water leaks. As this fell under the
purview of the Penang Development Corporation (PDC), it was
transferred back to PDC for rectification. PDC is expected to transfer
the said floors back to OWG in early-May 2016. OWG will require six
weeks to complete installation for the launch of the said attractions;
3) Additional spacing for the Dinosaur Park, 7D Dome and Sea Explorer
5D on the back portion of level 5 has required further incorporation of
the renovation work into a single master plan to obtain the CCC. If
OWG had decided to launch the earlier completed phases by zones,
additional fire safety requirements would have been uneconomical and
interfered with the aesthetic designs on level 5. Therefore,
management has decided to launch level 5 in a single phase in Jul 16.

ADD (no change)
Current price: RM2.28
Target price: RM4.16
Previous target: RM4.06
Up/downside: 82.6%
Reuters: OWG.KL
Bloomberg: OWG MK
Market cap: US$137.3m
RM533.5m
Average daily turnover: US$0.38m
RM1.56m
Current shares o/s 234.0m
Free float: 30.9%

Earnings preview: Growth delayed to FY17
■ We expect FY16 to disappoint as Komtar’s opening has been delayed to Jul 16.
■ FY17-18 EPS raised by 7-10% on higher blended ticket rates at Komtar.
■ Komtar will be opened in stages from Jul 16 to Nov 16.
■ Maintain Add rating with slightly higher target price, based on 22.2x CY17 EPS (F&B
sector average). The stock remains one of our top small-cap picks in 2016.
■ Komtar’s opening in Jul 16 is a potential re-rating catalyst.
Growth delayed to FY17
We expect 2H16 EPS to disappoint and FY16 EPS to come in below estimates as the
opening of Komtar has been delayed from Apr 16 to Jul 16. Our downgrade of FY16
EPS by 21% is due to 1) the removal of Komtar observation deck revenues (-4%), 2)
removal of Komtar rental and F&B revenues (-10%), and 3) lower revenues from
Genting following the delay in the opening of Sky Plaza/Avenue (-7%).
Komtar opening pushed back from April to Jul 16
The delay of Komtar’s opening was caused by various factors: 1) space expansion from
130,000 sq ft to 300,000 sq ft since the IPO, 2) water leaks on levels 3 and 4, which will
be rectified by the Penang state government, and 3) certificate of completion and
compliance (CCC) requirements for level 5 and the interactive lift.
Komtar to be opened in stages beginning Jul 16
Komtar will be opened in stages in Jul 16, starting with the interactive lift, some key
themed attractions and the F&B/retail outlets on level 5. The last attraction to be opened
in Nov 16 is the themed aquarium. The key earnings driver for Komtar is the interactive
lift, of which a delayed opening will pose downside risk to our FY17F EPS.
FY17F EPS to jump by 142%
We raise FY17-18F EPS by 7-10% on higher blended ticket rates on level 64 from RM15
to RM30, mitigated by 1) greater depreciation cost due to the doubling in space
expansion, and 2) slight dilution from an expanded share base as we expect the balance
of the private placement of 10m shares to be completed by mid-16.
Upside to earnings forecasts
As it is unclear how many themed attractions will be opened in Jul 16, we have not yet
included earnings contribution from this element. There are six chargeable attractions –
1) 7D Dome, 2) Dinosaur Park, 3) Zodiac Park, 4) 5D Sea Explorer, 5) Playoke Dance &
Kids, and 6) the aquarium. However, assuming 500,000 visitors per themed attraction at
a blended ticket rate of RM20 and net margin of 20%, this could add another RM12m to
FY17-18 net profit (24-29% increase).
OWG remains one of our top small-cap picks
Our target price is based on 22.2x CY17 P/E, the F&B sector average. We maintain Add
on OWG, with Komtar’s opening in Jul 16 as a potential re-rating catalyst. OWG remains
one of our top small-cap picks for 2016.

Post removed.Why?

Post removed.Why?

Rules example freezing foreign manpower n hike of gas tarrif charges are actually their dirty hidden agenda

Mal...ys are imposing all funny rules, to glove sector, to pull the sector down

Now because of foreign fund n strong ringgit is pushing up this counter, but how long will it sustain this? Just temporary only, the best is to wait next EARNINGS

Bobo why you are so anti mudajaya? Are you a staff of mudajaya, an insider, tell us the truth please

This internal reorganisation, what impact will it have on it s share value in future, if all of it powerplants start firing?? Since the power will be a separate arm already.. 400523 please give your oppinion?

Stay far away from export counters for now.. use english please

Ringgit will become stronger, stay far away from export counters, now new theme play is in moulding stage, choice is construction sector

Next week cimb might take out analyst report on mudajaya, do not put your e mail address on i3 site ok

Who want if there is mudajaya report by cimb research please send e mail address to 0193629402

Pity 400523, cut loss on wrong time, Please call me, I lost your number already, or just sms me so I know your number ok fren.. 400523 had been giving a lot of news in the past, we should appreciate that guys

Next week sure there will be CIMB ANALYST REPORT ON MUDAJAYA

WHERE IS 400523??????

Public invest never raise the target price, they also waiting for real strong concrete news first

Still mentioned waiting time till october, october very far ma, must WAIT FOR CONCRETE NEWS FIRST.. THEY MENTIONED THAT THEY ARE TRYING EARLIER THEN OCTOBER..

Ma...ys are urinating on mamak face, n he is enjoying it now

400523, are you serious or just joking selling at losses?

400523, you really sold your holdings??

400523 thank you very much in sharing your articles with us. They are very helpfull

Mudajaya management is not going to tell any truth to the public, regarding the firing. They are trying to push the counter lower, then slowly they will buy in, then counter will go up without any announcement, when it reach the support levels, then only they will announce to the public, if it is a good news.. so do not trust so much this management of companies, any companies.. they are very cunning snakes, very manipulative, and very self centred type.. they will play arround with public retailers money

Do not follow big fishes like epf, just hold,