Ya bro Agjl, sometimes really greed kills us. GP is really nothing to say, supposedly 11am sign contract atleast price maintain for a while la mana tau so cocky down to red. Ancom I haven’t get in, but I’m collecting ifca la.
It seems the big volume of 20plus million the other day well absorbed. Onlyvfew explanations..1) operators push up spread news and retailers all buy into it and pick up the shares and wait for more news or 2) insiders knew of something and bot into it or its just a one day show from 56 to 70 and all the way down yo 585.
Whatever it is, lets hope its for the better but personally i do not feel comfortable when there is a wild swing in price...that is a signal that it is highly volatile that anything can happen and any price is possible...i will trade with cautious....hooe everyone does...cheers and have a great weekend!
2QFY20 normalised earnings came in +8.3%yoy higher at RM63.0m, supported by all its business segments
Cumulative 1HFY20 financial performance came in within ours and consensus expectations
Timely introduction of new services to cater for the Covid-19 pandemic
Stable profit margin of approximately 50%
Remains one of the front runners for the NIIS project
Maintain BUY with a revised TP of RM1.58
In-line with expectation. MY E.G Services Bhd’s (MYEG) 2QFY20 normalised earnings came in at RM63.0m, an increase of +8.3%yoy. This was mainly attributable to: i) concession related services such as Immigration and JPJ related ancillary services; ii) commercial services such as motor vehicle trading related services, financing services, sale of tax monitoring system, foreign worker recruitment and placement related services iii) introduction of new services such as Covid-19 health screening as well as online sale of groceries thorough its “Nak Beli” online store; and iv) contribution from Cardbiz Group. Cumulatively, the group’s 1HFY20 financial performance of RM121.9m came in within ours and consensus expectations, accounting for 47.3% and 44.4% of full year FY20 earnings estimates respectively.
Impact to earnings. We are maintaining our earnings estimates at this juncture.
Target price. We are maintaining our target price of RM1.58. This is premised on FY21 EPS of 7.5sen, pegged to unchanged forward PER of 21x. Our target PER is the group’s three year historical average.
Maintain BUY. We expect the local business to remain resilient, in view of the good track record of providing the online services. Moving forward, we expect the group’s earnings growth will stem from the group’s effort to replicate its offerings in the region. The effort has started to bear fruit as seen in its latest progress in Indonesia and the Philippines. We believe the move would also help to reduce the group’s reliance on the local market. On another note, MYEG business model remains attractive which garner healthy profit margin of about 50%. In the immediate term, there would further upside should the group able to secure the National Integrated Immigration System (NIIS) project. All factors considered, we are maintaining our BUY recommendation on the stock
Must understood game of RTO to play with operator. If don’t have holding power, don’t against them operator. Go and study Revenue and Ecoworld and Vizion you will understand more.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Agjl
5,701 posts
Posted by Agjl > 2020-08-27 21:16 | Report Abuse
Just hope the RTO will come thru