looks like some exsport related counters are being sold

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this insurance company always ha buying

Wentworth Insurance Company ( Can) Ltd. 28/04-29/04 Acquired 296,500 MUDAJAYA

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Post removed.Why?

Credit Suisse AG 28/04 Acquired 796,600 SONA PETROLEUM


why credit sussie loves sona??????

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Kumpulan Wang Persaraan 24/04 Disposed 1,000,000 HOVID BERHAD

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Now ringgit becoming strong, negative impact on export counters

Now no noises of uncle koon on i3 site, that means he already sold them, just like a python had swallowed a victim and quietly sitting down to digest the victim in it s stomarch

If uncle KOON IS QUITE,, THAT MEANS HE ALREADY SOLD THEM,

SUNZTZHE, can you name some undervalue stocks base on your oppinion? Having good FA, from my side i m very confident on ifca msc

Yes gtronic has growth, but what happens if ringgit becomes too strong????

guys no FEAR ma

http://www.theedgemarkets.com/my/article/uem-sunrise-raises-fund-maintain-full-ownership-subsidiary

http://klse.i3investor.com/blogs/kltrader/75886.jsp

MAYBANK IS TRYING TO PULL IT DOWN

2.50 now strong

Wong Thean Soon 28/04 Acquired 400,000 MY E.G. 2.40
MY E.G. 29/04 Shares Buy Back 200,000 MY E.G. 2.28

Post removed.Why?

My E.G. Services Bhd (MyEG), which saw its shares plunge as much as 5.5% in intraday trade today, has clarified that the government will bear the convenience fee of RM35 which is charged by the company, for online renewal of foreign workers’ permit.

As such, the processing fee for the renewal will remain at RM125.

MyEG (fundamental: 3; valuation: 1.1) also noted that the Immigration Department announced today that the renewal of foreign workers’ permit will be implemented fully online with effect from this Saturday (May 2).


from edge

CIMB TARGET PRICE STILL 3.54,, THEN WHY SHOULD WE WORRY????

No more complaints from employers?
With the government absorbing the FWPR fees, there should be no more major
complaints from employers. Over the past few months, there was strong
resistance to MyEG’s RM38 FWPR charges as employers were already paying
RM125 processing fee for each foreign worker renewal. The foreign workers
processing fee remains at RM125.
Additional revenue from amnesty programme in 2016?
What could potentially surprise on the upside in 2016 is additional revenue
from possibly another amnesty programme (we have not assumed any potential
earnings from this likely programme). From 2011-2013, the government
launched the 6P amnesty programme for the illegal workers to be registered.
There are currently 2.5m legal foreign workers in the country and industry
players estimate that there are between 3m-5m illegal foreign workers in the
country.
Assuming MyEG only registers least 1m illegal foreign workers during the
amnesty programme, this could boost the Group’s revenue by RM100m
annually (average revenue of RM100 per foreign worker, RM35 from FWPR
and RM65 from commission selling compulsory foreign workers insurance).
Assuming 40% net profit margin, this could boost MyEG’s net profit by
RM40m annually. If MyEG can register 2m illegal workers, potential net profit
could be another RM80m.
Support trendline at RM2.20
MyEG’s share price was in a correction phase after hitting a high of RM3.07 in
Mar. There is an immediate support trendline at the RM2.20 level, with the
next support at RM2.00. The volume traded for MyEG shares yesterday was
around 25m, possibly representing an immediate-term selling climax for the
stock. It share price should rebound soon.

All to use MyEG’s FWPR from
May onwards
Although the Immigration Department's latest announcement on the
mandatory use of MyEG’s FWPR from 2 May onwards was not a surprise to
us, this news should be received positively by investors. The authorities
nominated MyEG to build and maintain a database on foreign workers in Jan
2015, and the only way to implement this was requiring all to use FWPR. We
maintain our EPS forecasts and target price, based on unchanged 21x CY16
P/E (in line with its peers). The stock remains an Add. Potential re-rating lysts
include the news that all employers must use FWPR from May onwards and
the successful launch of its CSTM project before year-end.
What Happened
In a press release this evening, the Immigration Department announced that
effective from 2 May 2015, all foreign workers permit renewal nationwide will
have to go through MyEG’s online foreign workers working permit renewal
services (FWPR). The government will absorb MyEG’s RM38 FWPR fee and
MyEG has agreed to give a RM3 discount on its FWPR services to the
government (FWPR RM35/fee). The employers’ processing fee for its foreign
workers' working permit renewal remains at RM125/transaction.
What We Think
The news that the Immigration Department will not renew foreign workers
working permit from 2 May onwards was not a surprise to us. In addition, we
believe MyEG would be the only player providing FWPR services as it is
unlikely a new player would emerge and compete with MyEG due to its huge
first mover advantage. With the government absorbing the FWPR fees, there
should be no more major complaints from employers. In our 24 Apr report, we
have assumed in our EPS forecast a RM3 discount on the FWPR fees and
FWPR take-up rate will be 90% from FY2016 onwards.
What You Should Do
Remain invested in the stock. The stock has shed 25% from the Mar-2015 high
and there was some technical damage done but the news of compulsory use of
MyEG’s FWPR from May will provide a much needed boost to the stock's
sentiment. From 20/4-29/4, MyEG’s Executive Chairman Dato’ Dr.Norraesah
bought 0.55m MyEG shares while on Apr 28, MyEG’s MD TS Wong purchased
0.4m MyEG shares@RM2.39. The company also bought back 0.4m shares,
which we believe is an indication of management’s confidence in the company.

little_snake i didnt work hand to hand... haha

not you i mean

this was purposely done, KENANGA also is involve, to speed up the falling knife.. SNAKES will always work hand to hand.. government people are buying this counter when it is drag down on purpose

“I expect MyEG to make an announcement in the next few days to clarify its role and operations in this respect,” the analyst added.


taken from above link, looks like some sought announcement is COMING to clear this confusion

http://www.theedgemarkets.com/my/article/myeg-plunges-55-intraday-over-confusion-foreign-workers-permit-renewal-role

CONFUSION

http://klse.i3investor.com/blogs/kenangaresearch/75723.jsp

KENANGA ALWAYS LOVES TO SPEED UP A FALLING KNIFE

counter still have future projects why worry

DEAR TCB please give TA for MYEG

buying is still going on,,not the END yet

MY E.G. SERVICES 28/4 Shares Buy Back 400,000 MY E.G. SERVICES

WONG THEAN SOON 28/4 Acquired 400,000 MY E.G. SERVICES

shares buy back

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TARGET PRICE BY CIMB 2.21

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target price by CIMB 2.65 from 2.50

Key takeaways from briefing
About 20-25 analysts and fund managers attended Unisem’s briefing at Menara
Hap Seng in Kuala Lumpur. The briefing was hosted by Unisem’s Chief
Operating Officer, Mr. Lee Hoong Leong, who sounded upbeat on the coming
quarter and second half outlook, driven by improving industry demand,
expansion in advanced packages capacity and better operating efficiency. The
company expects sequential revenue growth of 10-15% in 2Q15.
Management’s high level of enthusiasm was a positive surprise for us, even
though we agree that Unisem’s strategy of moving into higher-margin packages
is gaining traction and is supported by its lean operating structure. Unisem is
expecting an 8-10% revenue growth in FY15, higher than the 5% in FY14. We
believe this is reasonable given that industry research groups are still expecting
semiconductor industry sales to grow by 6-7% in FY15. Moreover, the company
should benefit from the robust demand in smartphone devices due to its
exposure to communication components such as RF switch, MEMS sensor and
Wi-Fi modules.
In addition, Unisem also plans to pare down its borrowings completely by FY15
and increase its dividend payout to reward shareholders as the company returns
to profitability. We also expect a further improvement in Unisem’s operating
efficiency from the lean operating structure, following the cost rationalisation
exercises that were carried over the last two years.
Expansion in bumping and WLCSP production capacity
The company is allocating about RM100m for capex in FY15 driven by the
expansion in its bumping and WLCSP production capacity. Unisem had already
spent about RM37.5m in 1Q15. Management said the wafer bumping utilisation
rate in 1Q15 was about 85%. Unisem expects to raise its wafer-bumping capacity
from 16k wafers/mth to 22k wafers/mth for its Ipoh plant and 7k wafers/mth to
12k wafers/mth for its Chengdu plant by 4Q15. In addition, the company is also
investing to increase its WLCSP production capacity from 5-6m units/day to 8m
units/day by the end of 2Q15. We think that Unisem is heading in the right
direction as it continues to invest in capacity for higher-margin packages.
Communication and consumer segments remain key drivers
The communications segment remains an important source of revenue growth
for Unisem given that it contributes about 32% of its total revenue. The
company expects to increase its smartphone content volume growth, driven by
new sensors application for smartphones. We also expect the increase in China
4G adoption to drive communication package demand. Communication
segment revenue in 1Q15 grew by 36% yoy from RM66m to RM90m. Meanwhile,
the consumer segment also reported a decent 14% growth yoy from RM62m to
RM70m. Overall, we see Unisem’s plans to reduce its exposure to cyclical
segments such as smartphones and tablets, and expand its automotive segment.
We think this as a good strategy for Unisem as it should provide stable income
growth given the long-term nature of this business.

A strong start
Unisem’s 1Q15 core net profit was slightly ahead of our expectation at 25% of
our full-year estimate, but in line with consensus at 21%. Unisem posted a
RM21.5m core net profit in 1Q15 vs. RMo.1m core net loss in 1Q14 on the back
of a higher utilisation rate and improving product mix from advanced
packages. Management’s guidance of a 10-15% sequential revenue growth for
2Q15 due to robust demand from wafer-level chip scale package (WLCSP) and
bumping services for the communication segment was a positive surprise for
us. As such, we raise our FY15-17 EPS forecasts by 6-20% and increase our
target price to RM2.65, based on 17x CY16 P/E, 1 s.d. above its historical mean.
Sustainable margin improvements and a higher dividend payout are potential
catalysts that support our Add rating.
1Q15 results review
Revenue grew by 22.8% yoy from RM228m to RM280m due to higher
utilisation rates, robust demand from advanced packages, and the
strengthening USD against the ringgit. Unisem’s strategy on higher margin
packages is also gaining traction given the expansion in EBITDA margin, which
grew by 4.9% pts to 24.6% in 1Q15 vs. 19.7% in 1Q14 on the back of improving
earnings quality and better operating efficiency following the cost
rationalisation exercises carried over the past two years. Unisem posted a
significantly higher core net profit of RM21.5m in 1Q15, after adjusting for a
RM2m gain on asset disposal, compared to a RM0.1m core net loss in 1Q14.
Demand to pick up from 2Q onwards
Management is guiding for a 10-15% sequential revenue growth in 2Q15, driven
by robust demand for its leadless, wafer-level package and test segment which
have exposure in the smartphone segment. Meanwhile, we also expect the
recovery in seasonal demand to help boost its utilisation rates in 2Q15. We
think this is still reasonable as the industry is expected to grow at about a 6-7%
level in 2014. Unisem is allocating about RM100m for capex in FY15 driven by
expansion in its bumping and WLCSP production capacity.
Maintain Add
A sustainable margin recovery, higher dividend payouts and a stronger
contribution from the smartphone and automotive segments could be catalysts.

if his contact lens business does not work, then our fren thai might start making condoms ha,, name will be thairex

ringgit becoming strong, and US dollar is easing on technical correction.... in edge report today,, US dollar on correction

ringgit becoming strong slowly

http://www.theedgemarkets.com/en/article/klci-slips-024-lacklustre-trading-ahead-long-holiday-weekend

http://www.theedgemarkets.com/en/article/klci-slips-024-lacklustre-trading-ahead-long-holiday-weekend

http://www.theedgemarkets.com/en/article/klci-slips-024-lacklustre-trading-ahead-long-holiday-weekend