Felda Chairman has already mentioned that to maintain current low price, it is not the govt that is subsidising.

It is actually poor Felda settlers is subsidising the nation. Doesn’t sound right and something has to be done.

Hence the govt started to incentivise refiners with RM 1 per kg in Nov and Dec for a max of 24,000,000 kg per month (24,000 tonne per month). At least the govt have kicked the ball rolling and some NEW mechanism (i.e subsidy or price float or both) is bound to be announced very soon.

Govt have to either:

1) continue giving subsidy to sugar refiners so that they can maintain current retail price
2) float the sugar price from current unsustainable low price

Failing to do so will:
1) slowly kill local sugar refiner, which in turn put national food security at risk
2) unfairly allow the population to enjoy low sugar price at the expense of poor Felda settlers by virtue of them being the major shareholder of MSM via FGV and Koperasi Felda (combine shareholding of more than 65%)

Early Jan 2023 price 30 sen
Early Mar 2023 price 38 sen
Early May 2023 price 55 sen
Early July 2023 price 70 sen

NIISe terminated. Should be good for MYEG?

Gap closed. Train loaded. Ready to depart

Gap closed

KUALA LUMPUR: MyEG Services Bhd has received the finance ministry’s approval to serve as the collection agent for government revenue.

Additionally, the company’s role as the provider of online services for the immigration department has also been extended.

==========================

Wah….. government collection agent got…immigration department extension also got.

Immigration contract extended!! Looks like at least until NIISe complete end Aug 2026 (if no delay)

Finally announced!!

Myeg Immigration portal back online. So got contract extension or not?

Washout… before push up

Better take this counter private la

EPF should consider becoming major shareholder back in MYEG ….. dividend paying counter, good management, exciting growth

Panic throw the in Feb because of what?

Noted @GoldenBull66. Means earnings visibility from this segment remain intact until 2026.

Coupled with growth in Philippines and new frontier in Blockchain!!

NIISe not ready yet, not until Aug 2026.

Means MYEG Foreign worker permit renewal should continue until that date maybe

PLKS contract with immigration expiring next week.

NIISe progress is slow.

Naturally, only one option available to avoid interruption.

https://www.freemalaysiatoday.com/category/nation/2023/05/12/myeg-gets-contract-extension-for-immigration-services/

Wahh

Ada apa cerita Destini ni?

Masih uptrend counter. SMA 200 intact

Hari ni buat satu hammer. Esok naik lagi

Cash rich company with strategic business and assets. Difficult to replicate.

Time will tell

CMSB will be holding analyst briefing next Monday. Better clarity on company latest status thereafter.

The present downturn give opportunity to collect.

cup and handle pattern completion on weekly chart ?!?!

https://dayakdaily.com/post-covid-19-development-strategy-2030-sarawak-commits-rm63-bln-to-double-size-of-economy/

Good?

Maybe the MD want to collect cheap all the shares he was forced to sell during market crash in March 2020?

After finish collection, then can open the gate.

It is ripe. Lets see

Looking ripe to surge higher

Piling heavily.....

Piling at 1.21-1.23 level. Before push up? Lets see

Short consolidation before turning up. Lets see

October 2020 : RM 1.06
February 2021: RM 2.20

More than 100% in 3 months. CMSB is capable of that.

The selling is overdone. Time for CMSB to reclaim lost ground.

@monetary

The fact that CMSB stopped cirit birit the past few days when the market is red and bearish is an encouraging sign :p

Epf buy and sell based on their mandate and targets. Whilst it may be a good indicator on any stock‘s future movements, sometimes the opposite happens.

Look at the glove counters especially TopGlove and see how sometimes EPF buy even at higher prices, and later you can see disposal at lower price later. They may have entered at various stage during uptrend or downtrend of any stock and the reason for selling/buying is only known to them (i.e end Q2 adjustment, I-sinar etc etc, you name it).

In the case of CMSB, it is not entirely surprising to see EPF come back and wallop CMSB shares at a later date even at higher prices. Why? Reason only known to them. As long as the company is stable and have good growth prospect, that is more important to me.

CMSB is definitely well sought after recovery theme play stock. Just need to be patient.

Good perspective on CMSB now vs market perception

https://www.cmsb.my/debunking-the-myth-about-cms/

Piling heavily at 1.10-1.13 level for the past few days

Green in the sea of red.... interesting !!

Time to reload....

Fast down.... fast up!!! Come on CMSB

End October last year, the share price of CMSB crashing to 1.06 from 1.75 level a few months before.

A few months later in Feb 2021, the share price touched 2.45-2.50 level.

Agreed, CMSB has a lot of good quality assets. I believe the price is at rock bottom.

Glass half full anyone?

OMH (5298) limit up today to 3.67. Up 84 sen.

Do you know that OMH is a JV partner with CMSB for their plant in Samalaju, Sarawak.

Now steel is high in demand. CMSB should benefit too via this JV with OMH. Interesting...

Big candle up with huge volume... followed by 3 small red candle with diminishing volume. Today forced selling of huge volume on Monday is absorbed. Not too bad technically I guess

Ini counter katil terbang atau tikar gulung punya??

Hmmm

“Genting Ventures, Warner Music Asia, Naza Group director Datuk Wira SM Faisal, through his private investment arm Puncak Geliga Capital Sdn Bhd, and CRAES, a Singapore-based investment company of professional investors”

https://www.theedgemarkets.com/article/grassroot-esports-platform-espl-raises-fresh-funding-rightbridge-ventures-genting-ventures

These are new investors in e-Sports ESPL.

Sedania is one of the founder of ESPL with 42.55% stake!!

Wahhh!!!

Genting sudah masok....

Warner Music sudah masok....

Naza boss sudah masok....

Something is cooking lah with this Sedania!!! Good luck all the best to all!!

20% private placement is significant.
Who is the new Co entering Sedania?
What potential this new Co see in Sedania?
Or what this new Co want to bring into Sedania?


PP at 0.286 but price chased until limit up at 0.605 with no sign of exhaustion.

Hmmm.... interesting

What is cooking in Sedania? Has been active lately after long hibernation

Latest P/E:

Harta = 11.7
TopGlove = 6.3
Kossan = 5.3
Supermax = 4.7

Looks like Supermax is the cheapest in terms of P/E. Downside is limited..... maybe.

Even if apply Kossan’s P/E of 5.3, Supermax should be worth 6.28!!

KLCI component Index for 1 year only?

With more than 3B cash (and counting)..... hmmm doesnt sound right

Funds switching from Tech to Glove?

2-3 days for margin call players to adjust their portfolio. Next week possible brighter days.....

Hehehe