Looks like its on judging by the volume and compared to Iris this Mpay has recovered super fast from the sell-down...definitely something on maybe new shareholders coming in or the tourist refund contract...

Refund contract award effect on Iris is little because revenue only RM 50m compared to Iris current revenue of RM 500m but RM 50m to Mpay is huge cos their current revenue is only RM 5m. So for max effect and gain hedge 70:30 towards Mpay my guess cos at worse if Mpay does not get it it will fall back to 12 sen its NTA but if it gets it it will fly to 25 sen! Lose 2 sen to bet make 11 sen ok lah! Just don't play contra.

CONTRA players T3 and T4 being flushed out now. If Iris does not recover this afternoon or close at the low today that means the stockists have exited and any rebound will be short-lived.

Just an observation that Iris has dropped 17% from the high of 47 sen whilst Mpay has only dropped 9% from a high of 16.5 sen to 15 sen currently. Looks like somebody is accumulating Mpay and the story of Tourist Refund Scheme project as in The Edge article may be true. Mpay seems the likely bet now in price movement observation.

Not good so many punters got caught. Will take a while to recover and nobody will buy before CNY so I guess it will only have a meaningful bounce after CNY. Just an observation that Iris has dropped 17% from the high of 47 sen whilst Mpay has only dropped 9% from a high of 16.5 sen to 15 sen currently. Looks like somebody is accumulating Mpay and the story of Tourist Refund Scheme project as in The Edge article may be true. Mpay seems the likely bet now in price movement observation.

This is the old and current Bumiputra director. New powerful ones coming I heard otherwise cannot get contract...once confirm new Bumiputra director announcement, start engine above 20 sen!

Look up The Edge last week. The analysis is there. IRIS boss over the weekend did not mentioned the GST refund contract so I guess he is not confident. Iris boss just talk about his Sentuhan Kasih projects with Felda and the foreigner ID card project. Whilst Mpay has made announcements about the tourist project and the new FC also just started buying. So indications are there who is more confident of getting...furthermore there is an announcement of a Bumiputra participation in the project. Indications are there that Mpay is aware and will undertake a new bumiputra shareholder partner to win the contract. Heard its the Albukhary group.

Mpay technical breakout last monday with high volume and gap up. Next stop 20 sen.

Conture Kepong thats why we need to look for clues to increase the probability of success ie insider buying like the principal officer buying, build up of large cash hoard of RM 22 million that can be used for new business activity, latest company announcements, changes in shareholding etc. At worse it just drops back to NTA of 12 sen ie 4 sen loss but if the rumors are true then its got another 10 sen upside from 16 sen! Risk 4 sen for 10 sen gain ok lar! Technical trading signals also just turn up Buy!

NTA 12 sen. No PN17 issues. Cash rich with RM 22 million in the bank. Making money and not losing money. Now without bumiputera partner but soon getting one hot one with new project involving GST refund revenue RM 50 million first year compared to now revenue only RM 5 million only. If that shareholding and operational changes is not enough to boost the stock then you shouldn't be punting in the market haha. Want to buy when it is really really hot then buy at the high lor! Started moving only in December from 12.5 sen now only 16 sen target 25 sen woopie!

Mpay just got off the blocks and starting to move the same way like Iris and MyEG at the beginning stage. Still a long way to go with announcement of exciting new corp business in December, confirm principal officer buying in January and impending new bumiputera shareholding. All spices to a stock that will go crazy soon.

Looks good to go to RM 0.24 sens ie previous high but now with some exciting corporate development may just go above that...

wah the financial controller just declared bought last friday at 14.5 sen so must be good ya. Some more result show its cash rich over RM 22 mil cash...ripe for new bumi shareholder to come in with the tourist GST contract mentioned in The Edge. Definitely something big coming up...

MPAY needs to increase their bumiputera shareholding to win the contract so I think we know whats coming up next in terms of shareholding changes...they already have a powerful bumiputera group in their partner eTRS GTF mentioned...heard its the Albukhary group.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487537

Turnover of RM 50 million is nothing to Iris but huge for Mpay if won.
Impact on stock price definitely greater for Mpay than on Iris.

MPAY needs to increase their bumiputera shareholding to win the contract so I think we know whats coming up next in terms of shareholding changes...they already have a powerful bumiputera group in their partner eTRS GTF mentioned...heard its the Albukhary group.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487537

Read The Edge this weekend. HOT news on Iris and Mpay...

Like I said bottom out already at 0.365! Monday fly on weekend news like MPAY

Bottom out already 0.365. Time to buy for news over the weekend. Same goes for MPAY too.

Good news coming out this weekend on The Edge I was told about MPAY involvement in huge recurrent project in GST payment refund. Should boost the stock Monday.

There is suppose to be an article coming out in the Edge this weekend about IRIS involvement in the foreign workers ID card contract numbering up to 2.5 mil cards at RM 110 a piece meaning additional RM 275 mil in revenue. Also something about its bid for the GST refund contract for tourists. I think it will bounce up Monday from here 36.5 sen. Retrace enough already today from high of 40 sen.

14.5 NOW!. Next TP 18 sen.

It has started. Load up!. Apparently some hot info coming out through some publication this weekend.

Lets put it into perspective guys.

Business operation financial result was good and in light of TNB target of 5% RE from 2% now and Cypark being the biggest RE player in the country it augers well for the company prospects moving forward.

Technically if you have bought at RM 2.40 this morning and now its is trading at RM 2.47 you are already in the money. However if you have bought last week above RM 2.50 then you might as well hold until the consolidation is over next two weeks. It should trade higher closer to RM 3.00 mid year once further results prove its strong operating business model. That is over 20% price increase in 6 months from Jan-June 2014 expected so lets put it all into perspective. Short term consolidation medium term up...

Mpay is going after the GST refund business for tourist not customs. Its a cash cow business as Malaysia intends to use tourist spending as one of the key GNI income contributors. The capital outlay is smaller with recurrent income as the tourist base spending gets larger over the years. Furthermore as Mpay is in secure payment systems it ties in very well with their current payment terminal business expansion. Customs GST is implemented by MyEG.

In consolidation pattern down 8 sen this morning to RM 2.47 after results out. Probably trade around the range of RM 2.55-2.40 next two weeks.

T4 would have been force sold in the morning already whilst T3 buyers would have hold on till Monday morning. No need to sell down like that especially when it was holding strong at Rm 2.60 the whole afternoon. Closing at RM 2.52 ie up only 2 sen after being up the whole day only spells trouble for those who bought today...looks like a short term bear trap and consolidation next week.

Drop so fast from a high of RM2.61 to RM 2.54 in 10 min. Wow somebody trying to exit!

I suspect looking at how the stock has moved up from 10 sen in late October to 13.5 sen now it has something to do with their latest announcement of the tourist refund project with the Koreans ie a GST refund operation. If it was the MPOS and Teksi1M revenue stream it would have just been around the 11-12 sen region because it was already known to investors earlier. Something big is building up.

Volume seems to have picked up last two days..momentum building up for CNY rally. Could be the ACE stock for 2014 with new revenue streams...

4 sen for the Mpay-Wa. Conversion to mother by paying another 20 sen cash, expiring August 2015. If nothing happens it will expire worthless since conversion price is way above the mother share and its out of the money now. I prefer to buy the mother share at only 13 sen since NTA is only 12 sen with prospects of the new GST related businesses and partnership.

No seller and no buyer...like waiting for something??

Volume seems to be building up for something??

Why 0.25??

got it. just out
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487537

Global Tax Free is Korea's biggest GST tourist refund company.
WOW nice partnership!

Good ?? But who is Global Tax Free??

TRS?? GST project? Who is Global Tax Free?? Any idea?
See announcement:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1487445