I am just warning small investor only. Big investor wont be around here to read the comment from forum to make decision. Alot of my peer looking at the price is so low, they think they might be technical rebound. I am giving the same advice. But to be honest it is difficult to predict the future price.

@RVI123 @flytothemoon, PE ratio 10x is based on the last 12 months historical profits. Now, without GST and foreign worker contracts, the PE will shoot up to 30x or 40x.


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With corruption involved UMNO, the contract with MOT maybe in risk. I think PE is 80x if you believe the contract is awarded using corrupted way.

I am very certain all contract awarded to MYEG by MOT is direct negotiation and by using UMNO proxies.

The way I look at it, it might hit 30% limit down in the afternoon, but TS WOng did defend it well in the morning.

EPF should be disposing it asap, before they made a huge lost n this counter, EPF stockholder is rakyat.

Pity the small investor trap by the fake outlook created by TS Wong. To be honest this is a UMNO closely related stock, so I think it is better not thinking this is going to be revive, because most believe these contract is directly negotiated.

TS Wong is defending the share to crash, but I think when it fall below 20 cents, he might be looking to privatize the company, because I think the MOT contract will not be renew.

Short selling coming but I think tswong will defend it.

Epf already sell alot. I dont think they will come back to MyEG, they have so many choices.

Today news confirm all the company name.

abrahamseed Yup but most market participants already in the know during trading today. Including MYEG and institutional investors.

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Sure Wong and team knows the insider news, so small fish here all sangkut.

No wo, the star also just came out hour ago:

https://www.thestar.com.my/business/business-news/2018/06/01/immigration-dept-ends-rehiring-programme-impacts-myeg-and-two-others/

coincidentally with this news, Big mama Rosmah has been called by SPRM for investigation.

abrahamseed Yesterday announced already but today no sell down. Strange.

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No just announce hours ago.

HuatRex Thanks to ph voter


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Dont blame PH or voter, all this projects are awarded without any tender so MyEG cannot defend them self. If this is done using open tender, he can still take legal action against government.

TS Wong has trick many here. I am worried MyEG has all contract done by direct nego and with corruption involve. This is what I have said all this while, but many disagree.

I already told not to buy, I am just concern with our small investor friends here will get trap, but what we are label by those who bought yesterday is "sour grape" and "red eye". TS Wong is getting the contract with BN proxies, by giving cronies free gifts and shares. Just take good care.

Do you know their government outsource business margin is so lucrative? AIG contract is not much for them.

Cross trade? Manipulating the price?

Wow millions of millions share unloaded.

People who bought, just get ready.

Those who bought, pls take good care.

Today buy back less. I bought little at bottom today.

haha

apolloang cannot limit up lah,wanna up a few cts also like wanna die

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Yes you are right, don't know Malakof fund manager is amateur or lazy. Share buy back, he share price only kept dropping.

Malakof never limit up before, really want it to limit up just for once. :)

ColdStone98 what is the true intrinsic value? As a shareholder for so long, I don't get any benefits from this share, but now is at 0.70.

Yes idss really kill the market. Lots of short selling.

I3lucker no worries I bought.

Lucas, Yes.

Syed mokhtar is back! haha!

is a trap...24 year old as director...wow

Syed mokhtar mah

shit didnt buy at 0.845.... shit!

i3lucker double post g=here and ytl power. lol. No related to Najib.

The management need to screw by shareholder, buy back share at lower price, buy cheap to go prvate?

wong should defend when the price is about 50 - 60 cent, so you buy cheap and stabilize the price with the 60 millions. Now let see how long he can defend the 1.00?

prevent illegal no need myeg, immigration no corruption and do the job, the number will be under control.

KWSP and KWAP knows what is happening, they are willing to depose in low price, before it is too late. I hope KWSP still can give 6% interest.

Take care.

You all better run now.

haha hng33 still day dreaming.

To all, If you think EPF and KWAP has made a deal with PH to prevent this UMNO company to stop crashing, I think you must be dreaming. EPF is fund managers, they either sell/buy/hold, they are not politician. Anyway Tun M don't give a damn abut TS Wong, anyway he is big UMNO supporter, who cares for PH.

The selling is big, wong topup wont able to last. He use total 40 -50 millions to defend in 2 days. today he will use another at least 10 millions to defend today? Maybe next week he will use minions after Tun M is to busy not to attend unwanted event.

Run before it is too late.

Careful newbie.

Bags of cash, luxury jewelry and bags are taken out from najib residences. What is it related to myeg you ask. Because myeg is related to previous pm and ministers, you just can't imagine how corrupted they are. You think myeg project are awarded for nothing? Some interesting money and free shares transfer to umno personal must have be given to get contracts. Good luck guys, epf is going to cut lost.

naaviinesh StarBiz reported MyEG group managing director Wong Thean Soon said the company has spent close to RM150mil on its Goods and Services Tax (GST) programme, where it has acquired close to 20,000 dongles, and there are grounds to seek compensation should the programme be cancelled.


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Dare to ask compensation, no more future renewal.

Risk Trader Don't worry FA very good....today only panic selling by foreign fund manager. Tomorrow sure rebound to above rm1


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I look at it wong team is very much in panic also.

Look at the MYEG announcement, the whole thing buying selling and resignation is a mess. Gkent same fate, but is still very well organize.

home minister is not tun m. I think he wrong target.