Nice hammer on Friday... Next week continue the good show.

Just woke up saw my 0.265 stocks all filled. Hoooohoooo...

Ah Wong got nothing to goreng now, he's coming back to MyEg to push up soon.... I am buying more!

I m collecting more tomorrow!

All good Lee.... All good...

Ah Wong lai lai lai...

Enter only once cross above 0.040...

Q3 end of this month...

What is your intention Orange88 to put up so much negative comment here since last week? I mean if you are not interested in Cuscapi, WHY you come here everyday to "warn" others?

Cuscapi has not much fundamental value, that we all already know... We are waiting for the Q3 result to show us some "turn around" sign if there's any since the price move up aggressively last week. I see no reason for you to compare Cuscapi with Palette as TS Wong is not even here yet in Cuscapi.

Finally can average up some mother!!!

I see the same as Grayson Lee... BUY BUY BUY

TS Wong said he sold off his Palette & no intention to buy into MUIIND... Why Cuscapi drop also?

I m coming back for a 3rd round. Scomnet 還有故事....

KUALA LUMPUR: Tan Sri Khoo Kay Peng, who controls Malayan United Industries Bhd (MUI), is believed to have received a fresh offer for his stake in the asset rich company.

His flagship, MUI controls no less than four other listed companies in and outside the country and has a slew of properties that are undervalued in its books.

A large amount of the properties are in Kuala Lumpur and London and they are believed to hold huge development potential.

The 78-year Khoo has a 47.58% stake in MUI, which in turn has substantial stakes in three other listed companies that are involved in activities from hotel to food manufacturing and financial services.

MUI has a presence in the home deco, fashion and retail segments through Metrojaya and its 35.17% associate, Laura Ashley Ltd that is listed in the UK.

“A strong local personality is keen on the takeover and has hired financial advisory firms to approach Khoo who has been out of the public limelight for several years now,” said a source.

The counter gained 4.08%, or one sen to 25.5 sen, its highest since April. More than 34.39 million shares had changed hands so far, making it the third most traded counter.

The net asset per share is almost 26 sen. However the market value does not reflect the large amount of properties and listed companies under MUI.

Also, sources said that considering Khoo’s block is a substantial controlling stake, it has a premium over the market price.

Several notable names have appeared on its shareholders list, probably on seeing the value in MUI.

Among them is Wong Thean Soon, better known as TS Wong. MUI’s annual report showed that Wong has a smallish stake of less than 1% in the company.

Wong is well known for his position as the managing director and single largest shareholder of MyEG Services Bhd.

Another notable shareholder is Datuk Jayakumar Paneer Selvam, who is also an investor said to be linked to Wong.

Reversal candle. Wait for confirmation b4 entering again.

This one is another gem on accumulation stage now. Chew Ben Ben kept on buying back too.

Huat liao tmrw... Gap up lai.

Fuyoooo....

Her Chor Siong actually mentioned that Cuscapi is looking to acquire some kind of retail business by end of this year if you read the news on Cuscapi after they announced the Q2 few months back. Now, which retail chain would they acquire? Why? How does this benefit Cuscapi as an e-solution company?

Once crossed 0.520, next TP 0.570... Let's ride with the uptrend! I am averaging up more son tomorrow....

More disposal from Her Chor Siong & Ms Lim today... Why are they doing so?

Wahahaha... Tmrw after 5pm sure announce one la...

So tmrw got announcement lo?

Fuyoooo.....

Fuyoooo....

Grayson Lee.. I m going into MyEg beside cuscapi. No more bullet to go Eforce at this moment.

Good luck traders... May the force be with us!

This kind of movement sure got something brewing behind la, a stock won't go up like this if there's no GOOD news coming. Either Cuscapi awarded some contract, UQS conformed the PP or the Q3 result finally turn GREEN. Let's see the next 2 days. I am going to top up the son tomorrow.

Sell once the news is out....

EIS revenue coming soon... The next project will be the EIS for all F&B outlets follow by retails.... Use your imagination for the next BIF wave!!!

ini macam tak baik wei, nanti gua bagi u UMA....

I hope so...

ding dong ding dong until when wanna climb wei? U break 0.040, I will buy in.

BUY BUY BUY... This one sure win counter....

Hope tomorrow the price will re-trace a bit for me to buy after so many GREEN day!!!

I bought son at 0.210 too... couldn't get mother yet!

He & Larry Gan did the same before Q2 result out back to August too, then the result turned out RED after announcement!

Looks like Q3 might not be something we are expecting.... But if not Q3... Q4 will sure win with revenue for Ajisen coming in as per what YiStock said.

I am queuing at 0.400 to buy more but nothing yet! Looking to hoot the son now!

Because the price kept going up!! Wahahahaha

Limit up? Cuscapi can mou?? 0.725 wor??

Read the article thoroughly b4 concluding anything. Bare in mind what happened to Permaju, Supermax & Adventa lately...

I'm all in next week to Cuscapi!!!

The 1st phrase is that the Q result must shown some "turn around" sign, or else very hard to convince others to hold this company in longer term. On top of these, UQS still haven't comes to the conclusion if they will go ahead with the PP. Until this moment, we are just speculating all the possibility.... But the chart is showing a strong reversal for cuscapi in mid term.

Good luck traders!! Im all in next week...

Cuscapi has a potential being the next Krono.

Friday T4 absorbed well. Next week testing 2.13 support to form higher low, if stand above, next TP is 2.40 & so on!!!

Stay strong MyEG... I know you can fly!

Monday gap up with this rumors..... Let's hoot both mother & warrant.

What’s up: Is Wong also involved in Cuscapi?

SO what is billionaire entrepreneur Wong Thean Soon (pic) better known as TS Wong, up to these days?

Wong is well known for his position as the managing director and single largest shareholder of MyEG Services Bhd which has a market capitalisation of RM7.8bil.

Wong’s recent entry in companies such as Excel Force MSC Sdn Bhd and Palette Multimedia Bhd in recent months has stirred much interest.

But is he also involved in Cuscapi Bhd ?

Of interest is the fact that Datuk Jayakumar Panneer Selvam is taking up a placement of shares in Cuscapi.

His emergence in Cuscapi has piqued the interest of the market. This is because Jayakumar is also an investor in Excel Force, where Wong is a substantial shareholder. It has also been reported that Jayakumar has been a project director in MyEG, Wong’s mainstay.

Jayakumar has bought into Excel Force with a 2.2% stake and is holding more than 50% the company’s warrants, the company’s annual report shows.

Meanwhile, Wong owns almost 20% stake in Excel Force.

Cuscapi’s placement

Last month Cuscapi announced a plan to raise RM79.8mil by selling new shares and warrants to fund its expansion plans.

Ultimate Quality Success Sdn Bhd (UQS), an investment firm controlled Jayakumar, is said to be taking up two-thirds of the new shares on offer. There were three other individuals who were lined up to take up part of the placement shares as well, namely Ong Chin Hui, Tan Sri Koh Kin Lip and Datuk Dr Tan Kim Heung.

However, less than a month after making that announcement, Cuscapi tweaked the proposal and cut down the down the size of its new share sale due to concerns expressed by UQS.

In a filing with Bursa Malaysia on Thursday, Cuscapi said Jayakumar was concerned about the issuance of shares to the other three investors.

“Subsequently, UQS, being the largest investor, expressed concerns over the issuance of additional shares to the other three investors.

“After the engagement with UQS, Cuscapi held discussions with the other three investors who agreed to mutually terminate their respective subscription agreements with Cuscapi,” the company said.

As a result, the total gross proceeds would be reduced from RM79.8mil to RM53.2mil and the utilisation of proceeds has been revised.

Based on Cuscapi’s current issued capital of 482.92 million shares, UQS would end up with 29.3% of the company’s enlarged share capital and 40 million warrants.

Some market observers reckon that the new shareholder is planning to utilise Cuscapi’s expertise in software development for projects related to the goods and services tax (GST).

Shares in Cuscapi has been on the uptrend, rising more than 250% on a year to date basis.

The loss-making company was last traded at 42.5 sen a share, giving it a market capitalisation of RM207mil.

Clearly, the significant run in Cuscapi’s share price this year is not about the company’s business alone but the potential changes that could take place.

Investors buying into Cuscapi must be banking on the past successes of MyEG, which has done well in terms of its earnings and share price growth over the last decade.

The value of MyEG since its listing has risen by more than 100 times since its Ace Market listing in 2007 from RM69mil then to RM7.8bil currently.

MyEG started as a provider of e-government services with the provision of solutions that are related to the vehicle road tax and drivers’ license renewal among others and has been diversifying its businesses commercial solutions some three years ago.

In the case of Excel Force, Wong first emerged in the company after it acquired an 18.7% stake on April 26 via his vehicle Asia Internet Holdings Sdn Bhd.

A month after Wong’s entry into Excel Force, the stock hit a 52 week high of RM1.96.

On a year to date basis, shares in Excel Force has jumped more than 150%.

The company may be the beneficiary of the Alternative Trading System (ATS) that the Government announced during the tabling of Budget 2018 last week.

ATS is a market venue to bring together purchasers and sellers of securities. It originated in the United States as an alternative to traditional exchanges like the New York Stock Exchange and Nasdaq in trading of securities.

Since 2001, more than 50 countries have launched the ATS, providing investors with choices in execution venue.

Excel Force is the market leader in Malaysia for the provision of financial services business solutions where it currently has 90% of the stockbroking Public Gallery Display System and 70% of electronic client ordering system market share in Malaysia.

Wong was also reported to have 3.92% stake in broadband, networking and mobile health company Palette Multimedia Bhd, making him the fifth-largest shareholder in the company, according to Palette’s 2017 annual report.

Since September this year, shares in Palette has spiked up almost three-fold.

As if that weren’t enough, Wong’s name also surfaced this week in the share

www.cuscapi.com/about-cuscapi/ourteam/

Her Chor Siong disposing warrant these 2 days....

wahahahahahaha!!! KIM always trap people

Can buy the son now LeeGook?