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2015-04-28 13:34 | Report Abuse
KUALA LUMPUR (Apr 28): The FBM KLCI fell 5.69 points or 0.31% on profit taking ahead of the two-day US Federal Reserve's policy meeting beginning today.
At 12.30pm, the KLCI settled at 1,853.89 on gains in stocks like Petronas Dagangan Bhd.
The KLCI had tracked Asian share losses. Reuters reported that Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session.
2015-04-28 13:32 | Report Abuse
KUALA LUMPUR (Apr 28): The FBM KLCI fell 5.69 points or 0.31% on profit taking ahead of the two-day US Federal Reserve's policy meeting beginning today.
At 12.30pm, the KLCI settled at 1,853.89 on gains in stocks like Petronas Dagangan Bhd.
The KLCI had tracked Asian share losses. Reuters reported that Asian stocks pulled back from a seven-year peak scaled on Tuesday as sentiment gave way to caution ahead of the Federal Reserve's policy two-day meeting scheduled to start later in the session.
2015-04-28 12:28 | Report Abuse
if any members here knows anything please put the links here, thanks
2015-04-28 12:27 | Report Abuse
why so much down in this 2 days???????
2015-04-25 21:55 | Report Abuse
Ringgit becoming strong, time to sell export related counters
2015-04-25 21:53 | Report Abuse
TIME TO SELL EXPORT RELATED COUNTERS,, RINGGIT BECOMING STRONG
2015-04-25 21:48 | Report Abuse
Ringgit becoming strong,,time to sell export related counters
2015-04-25 15:55 | Report Abuse
Or else it is just come touch n go. The ceo is powerfull guy but so far no any announcement he is still quiet
2015-04-25 15:50 | Report Abuse
Value will starts emerging in this stock when research houses starts putting this stock on their radars, or else the rest is just speculative play only
2015-04-25 15:47 | Report Abuse
Must have a strong catalyst plus must be on radar of research houses
2015-04-24 16:44 | Report Abuse
now actually it is sitting on discount level to it s target price,, target price is 1.90, but now it is sitting at 1.60 level, a discount ma
2015-04-24 14:06 | Report Abuse
http://www.bursamarketplace.com/index.php?ch=ch_themarket&pg=pg_tm_stocksss&ac=13
momentum---5,,, valuation---5,,, growth---5
2015-04-24 13:40 | Report Abuse
song for Na..b, you are not alone, michael jackson
2015-04-24 09:27 | Report Abuse
just sharing hope it is helpfull
2015-04-24 08:22 | Report Abuse
TARGET PRICE REDUCE TO 3.54 FROM 3.90 BY CIMB
2015-04-24 08:20 | Report Abuse
Highlights from the meetings
MyEG’s Managing Director TS Wong presented to around 40 fund managers
yesterday. The focus was mainly on developments for the FWPR and CSTM
projects. We were disappointed to hear about the FWPR fee reduction and the
delays in CSTM's launch.
FWPR fee reduced to RM35 per transaction .
After listening to feedback from the public, MyEG believes that the government
will absorb the RM38 fee charge for using MyEG’s foreign workers permit
renewal services (FWPR). As the government had asked for some discount,
MyEG has reduced the FWPR fee from RM38 to RM35 per transaction, which
is slightly negative. The new development for FWPR was in line with the
comments made by the Minister in the Prime Minister’s Department, Datuk Dr
Wee Ka Siong, who said yesterday that the government will bear the RM38
FWPR fee from 2 May onwards.
Immigration counter to remain open? .
Dr Wee also said that over-the-counter renewals at Immigration departments
will be maintained, after listening to feedback from the public. We believe that
this is unlikely as the government has appointed MyEG to track illegal and legal
foreign workers in Jan 2015. As such, this tracking job is only possible if all
parties use FWPR. Our industry channel checks are also consistent with our
views. Anyway, all these questions should be answered when the government
makes a proper announcement over the next few days. We maintain our 90%
take-up rate but pencil in a lower RM35 FWPR fee in our forecasts, which is
equivalent to an annual revenue decline of only RM7.5m.
There are currently 2.5m foreign workers in the country. In the next six months
or so, we expect the government to attempt to register these illegal foreign
workers. From 2011-2013, the government launched the 6P amnesty
programme for the illegal workers to be registered. If everybody uses FWPR,
“inside jobs” would be curbed and a proper 6P amnesty programme can take
place as a result. Industry players estimate that there are between 3m-5m
illegal foreign workers in the country.
CSTM delayed till Sep 2015
We were disappointed that the mandatory use of MyEG’s custom service tax
monitoring (CSTM) has been postponed from end-Mar 2015 to end-Sep 2015,
Due to the delay, we are cutting down our 2HFY15 and 1HFY16 CSTM profits.
However, the delay might actually not be a bad thing for MyEG as management
is currently focused on the delivery of FWPR services. In addition, companies
that plan to use CSTM will do so on a voluntary basis. MyEG has also just
started to offer GST software, targeting the smaller companies. The annual
subscription for this GST software is RM1,000 and the company has clinched
1,000 subscribers thus far.
RSDS faces some challenges
MyEG’s road safety diagnostic system kit (RSDS) is facing some challenges.
There are some problems with the device as it tends to burn out after just three
months, indicating that the device is not robust enough. We have not assumed
any potential earnings from RSDS. Anyway, management will be kept busy with
FWPR and CSTM over the next few months and it will not have time to launch
RSDS, even if the project's pilot test was successful.
2015-04-24 07:35 | Report Abuse
target price by cimb still at 2.53
2015-04-24 07:33 | Report Abuse
target price by cimb still at 1.45 at the moment
2015-04-24 07:31 | Report Abuse
target price still 3.14 by cimb
2015-04-24 07:31 | Report Abuse
More highlights from the presentation
Of SapuraKencana’s RM25.7bn order book, RM7.3bn is expected to be
executed in FY1/16, RM5.5bn in FY1/17 and RM12.9bn in FY1/18 and
beyond. Management is confident of clinching at least another RM2bn
worth of new jobs this year to add to the existing RM7.3bn revenue that it
has locked in for FY1/16. A venture in a new market in the Americas could
be part of the targeted RM2bn.
Management is encouraged by the progress of its operations in Brazil. The
company’s third pipelay support vessel (PLSV), Onix, is on track to be
deployed in about a month’s time, earlier than the original contract date
(Figure 1). The existing two PLSVs, Diamante and Topazio, had early starts
too. Commencing operations in Jun and Sep 2014, respectively, Diamante
and Topazio have been enjoying an average utilisation rate of 99%, around
10-15% above the market average. The monthly payments from Petrobras
have been on time.
Management confirmed that the company’s FY1/15 audited accounts have
been submitted to the SC. The early submission is management’s initiative
to get SapuraKencana back on the SC’s list of shariah-approved securities ; it
was removed from the list in Nov 2014. The SC’s latest shariah-compliant
securities list will be released on 29 May. Management is optimistic that
SapuraKencana will be reclassified as shariah-compliant.
2015-04-24 07:29 | Report Abuse
target price still 3.11 by cimb at the moment
2015-04-24 07:25 | Report Abuse
target price no change still at 3.36,, by CIMB
2015-04-24 07:24 | Report Abuse
Highlights from the meetings
Prestariang’s presentation to around 50 fund managers was carried out by CEO
Dr Abu Hassan and COO Mohd Arif Ibrahim. The company indicated that 2015
promises to be much better than 2014. It kicked off 2015 on a strong note by
securing the Microsoft MLA2.0 contract, enabling it to supply all Microsoft
software to all government agencies over the next three years.
Work on ICC and 3P started again in 2Q15
Work on the 3P and ICC projects started again in 2Q15. We understand that
there were some delays in 1Q15 due to some budget allocation issues but they
were resolved this quarter. We have already assumed in our earnings forecasts
that work on the 3P, ICC and MUSE projects will start again in 2015.
MARA's purchase of UniMY stake to be finalised soon
Prestariang expects the sale of the 30% stake in UniMY to MARA to be finalised
over the next few weeks. We understand that the delay of the UniMY sale to
MARA was due to the need to obtain the necessary approvals from the Ministry
of Education (MOE). MARA is expected to bring in 500 students annually to
UniMY and the first batch of students will be enrolling in April and June.
PAP and strategic acquisition likely in 2H15
Prestariang is still in negotiations with the government on the potential PAP
project and only expects to finalise the deal in 2H15. The company also
indicated that it is looking to undertake a major strategic acquisition in 2H15.
Management did not indicate what acquisition the company is looking at but
we believe that it should provide a major boost to its recurring income. Note
that the company indicated its plans to boost its recurring income in early 2014.
2015-04-23 16:05 | Report Abuse
N is answering now he is not ALONE,,,Michael jackson song for him
2015-04-23 08:46 | Report Abuse
Dato' Dr Norraesah Binti Haji Mohamad 21/04 Acquired 50,000 MY E.G.
Stock: [MYEG]: MY E.G. SERVICES BHD
2015-04-28 13:36 | Report Abuse
careful on EXPORT RELATED COUNTERS now,, ringgit is becoming strong now, bad for exporters who are selling their products in US dollars