Posted by wehcant > 2020-12-10 09:35 | Report Abuse

Managed to collect another batch. Thanks to those who sold at 1.81.

Posted by Sweetchocalates > 2020-12-10 09:41 | Report Abuse

Waiting for good news after pp annoucement

Posted by Systemworks > 2020-12-10 09:43 | Report Abuse

Man, whoever sold at 1.81.
The price went straight up to test the 2.00 resistance.

Posted by Sweetchocalates > 2020-12-10 09:51 | Report Abuse

Let day traders take profit.

Posted by sweetmelody > 2020-12-10 09:52 | Report Abuse

red again chance to buy back

Posted by tebu24 > 2020-12-10 10:25 | Report Abuse

Will vote of no confidence affect myeg?

Posted by Lele > 2020-12-10 10:35 | Report Abuse

（布城9日讯）卫生总监丹斯里诺希山指，中国的冠病疫苗有经过三期临床试验，现阶段临床试验也获世界卫生组织的认证，因此冠病疫苗有效性得以认证。

诺希山指出，中国在生产疫苗方面拥有经验，所生产数种疫苗符合世界卫生组织（WHO）的预审资格，例如小儿麻痹症、乙型肝炎及流感疫苗等等，唯此次生产是新的疫苗，故需要反复进行多项实验。

他今日在卫生部疫情汇报会时，针对有媒体指中国的冠病疫苗有效性存疑做出答复。据他所知，目前有12种疫苗在等第三阶段临床研究的数据分析。

他说，我国政府与中国政府有疫苗接种协议，目前还在等待进一步通知。

我国科学、工艺及革新部长凯里与中国科技部部长王志刚在11月与签署协议，以合作开发安全有效的疫苗，根据最初为期5年的协议，我国将成为优先获得中国研发的冠病疫苗的国家之一。

据报道，印尼总统佐科威指出，多达120万剂疫苗已于周日晚间抵达，预计会在1月初再另外获得180万剂疫苗，佐科威在声明中称，科兴生物还将发运4500万剂疫苗的原料，由印尼国有制药公司PT Bio Farma在当地加工。

Posted by yongcheekin > 2020-12-10 10:36 | Report Abuse

time to buy in

Posted by zanbini > 2020-12-10 10:50 | Report Abuse

Today’s news, the US vaccine has side effects!

It seems that only China's vaccine is reliable because China has controlled the epidemic.

YONGTAI will distribute China vaccines.

Hurry up and buy YONGTAI shares!

Posted by sweetmelody > 2020-12-10 11:02 | Report Abuse

Will i become taitai if i buy Yongtai tho?
That is the question

Posted by mikekim > 2020-12-10 12:11 | Report Abuse

As indicated earlier, MYEG has lost focus on its core business, trying to do everything that is hit chasing trends. They have 5-10 side businesses now, many of which do not contribute revenue, but just costs money.

If this PP is for, say, expansion of gov e services across asean governments into Philippines, Thailand, Indo etc. It will be a lot more well received.

MYEG’s announcement itself says that there’s a gestation period for this new PP to potential produce any earnings. So basically next 1-2 quarters or so, you will only see EPS dilution.

The 1.85 price in the PP is only indicative, final price is based on actual last 5 day VWAP on the price setting day after relevant approvals obtained.

Posted by mikekim > 2020-12-10 12:14 | Report Abuse

A 7% price decrease to around 1.80 will more appropriately reflect this dilution.

Posted by mikekim > 2020-12-10 12:32 | Report Abuse

We also do not know about the pricing of the 3 year extension of the government e services contract. Given that the government is so tight for money now, it’s logical to assume that a discount would’ve been baked in to the contract, this we might see some margin compression going forward. But this is just speculation on my end.

Posted by jolow > 2020-12-10 14:05 | Report Abuse

build condomium with swimming pool and sauna for bangla stay..... hahaha

Posted by jolow > 2020-12-10 14:07 | Report Abuse

myeg always do rojak business. MyRojak

Posted by jolow > 2020-12-10 14:07 | Report Abuse

from high tech business to low class business

Posted by swagger855 > 2020-12-10 15:01 | Report Abuse

If they dare to do a private placement at 1.8-1.9 , i think NIIS is very near.

Posted by K0W3SE4 > 2020-12-10 15:03 | Report Abuse

I dont care myrojak, as long as profitable I go in

Posted by mikekim > 2020-12-10 15:11 | Report Abuse

The core business is still very profitable. But I think it’s a very relationship, government dependent business. They tried to expand regionally but I think it’s difficult because most governments wouldn’t want citizen private data to be in the hands of a foreign company. That’s why they failed to expand meaningfully across ASEAN.

The management are entrepreneurial and try to capitalise on latest trends, that we can all acknowledge. MYEG has become something like a venture capitalist these days - they are raising $ to go into new ventures which they themselves have no core competency on.

So the returns on these new funds raised are questionable. It could be good, it could be bad.

MYEG is now a gambling stock more than ever.

Best of luck.

Posted by opportunity > 2020-12-10 15:21 | Report Abuse

GST is coming back! just SHUT UP mikekim

Posted by swagger855 > 2020-12-10 15:23 | Report Abuse

Gst is next year. It's not the diversification that caused the drop. Just myeg holders are scared of another serba. Because the chart looks the same lol

Posted by swagger855 > 2020-12-10 15:23 | Report Abuse

2022 gst i mean

Posted by swagger855 > 2020-12-10 15:25 | Report Abuse

Like we sell on news when it comes out. Serba and myeg dropped after the pp annoucement. Herd mentality i would say. myeg is not as bad as serba.

Posted by emsvsi > 2020-12-10 15:38 | Report Abuse

All sophisticated investors should sincerely think of diversifying your portfolio

The top pick is Genting Berhad

Catalysts:

Vaccine FDA EUA (emergency use authorisation) and Full Approval
Vaccine roll outs (UK; imminent US etc)
Year end / CNY rally and Super Cycle
Vaccine Malaysia approval/supply agreement/delivery/administering
Resorts World Las Vegas & Resorts World Genting Theme Park
US & Bahamas and UK & Egypt revival
WHO / COVAX approves and distributes vaccines
WHO declares pandemic over
Border opening / international visitors
Genting Plantations (CPO record high)
Genting Power, Property, Oil & Gas (cyclical sector in an upcycle)

Sincerely,
EMSVSI

Posted by Lele > 2020-12-10 15:59 | Report Abuse

The government is studying the feasibility of the re-implementation of the Goods and Services Tax (GST) or other consumption tax models.

Posted by GorengHealthcare > 2020-12-10 16:27 | Report Abuse

good time to pick up otherwise by end of December no more RM1-ish already

Posted by Systemworks > 2020-12-10 16:37 | Report Abuse

Anyone know NIIS budget is under which Ministry?
Monitoring for Budget 2021 approval.

Posted by swagger855 > 2020-12-10 16:53 | Report Abuse

Home affairs

Posted by Riaz1954 > 2020-12-10 17:43 | Report Abuse

It all depends what PP is used for ....if it used for expanding the company and getting new contracts than it is ok. If it is for major shareholders and connected parties to make a turn on shares, than it is bad. Serba have been guilty of poor governance and behaviour consequently any rise in price would be met by share sales by people who are trapped. Hardly a case for investing for long term growth.

Posted by Riaz1954 > 2020-12-10 17:47 | Report Abuse

If you follow UK world you would see some companies shave had rights issues and all of them have risen dramatically there is rationale for raising capital. Interesting companies who have shareholders / Founders who,own more than 20% of stock can misuse their position. This when the regulators should exercise control and investigate and carry out due diligence. Sadly this does not happen too often.

Posted by Zuliana > 2020-12-10 18:58 | Report Abuse

Wah.
Good.
Talk very informative here.
Thanks.

Posted by Zuliana > 2020-12-10 18:58 | Report Abuse

Sifu here, what is the TP here.

Posted by Systemworks > 2020-12-10 19:06 | Report Abuse

@swagger855

Thanks

Posted by emc2garylow > 2020-12-10 23:32 | Report Abuse

Hi jolow, go read more book to increase ur intelligent level la... Building hostel become low class business haha, eh manufacturing also is low class business only, u think very high tech ke? But how much gloves is earning now? And go check QL resources 7084 counter, what they produce, they sell eggs, but from 100 millions, now they worth 15 billions... QL and top gloves very high class business ah? As long can earn significant profit, what business u care? Do prostitute also won't care la... Dun talk or comment when ur brain is so low class level

Posted by Stephen Baster > 2020-12-10 23:48 | Report Abuse

The first tranche of 120 million shares at discounted RM 1.80 means Myeg will have RM 216 mil for investment from this batch. If they were projected to achieve 417 million, the balance PP will need to be at discounted price of RM 1.91. In order to achieve discounted 5% at 1.91, Myeg price will need to be at RM2. So do your own calculation :) High chances EPF and KWAP who disposed last Friday will be the one taking up this offer? What do you think?

Posted by Cedric Chan CA > 2020-12-10 23:50 | Report Abuse

JAG，电子废料回收，提炼铜，锡，金，银后卖给中国，日本，菲律宾。
https://www.klsescreener.com/v2/news/view/731247
____________________________
［看重点］
In the first six months of the year, JAG posted a net profit of RM3.71 million compared with a net loss of RM9.96 million a year ago, while revenue rose 14% year on year to RM66.81 million.
［最近6个月业绩增长］
Tan attributes the improved financial performance to secured procurement contracts which have all remained intact, combined with an increase in demand for commodities. “There has also been an upward trend in commodity prices compared with 2019, which has contributed significantly to our bottom line.” ［对比去年商品需求提高，价格起价］
She sees the group’s revenue and profit for FY2020 continuing to be driven by its manufacturing and trading division, which comes under its flagship subsidiary Jaring Metal Industries Sdn Bhd (JMI). Last year, JMI contributed 97% to JAG’s revenue and profit. ［97％营收来自于金属提炼业务］
“The manufacturing division invested a capital expenditure of RM3.6 million this year and the equipment has been commissioned. It has doubled the capacity of the division and enhanced the efficiency of our processes,” Tan adds.［新产能已经投产，对比去年产能增加一倍］
投资机会：
1。金属价格提高
2。产能增加一倍
风险：
1. 业务90％出口，马币走高的幅度对比金属价格相差太多。
2. 金银对比铜锡价格大跌过多。

Posted by NPRA1985 > 2020-12-10 23:53 | Report Abuse

Hong Kong’s Ming Pao daily said in its editorial that there were grounds to believe that the UAE must have been stringent with the review and registration of the Chinese vaccine, given the country’s record of being transparent in its anti-virus policymaking and mass testing.

“The UAE also maintains sound ties with the West so sourcing vaccines from the United States or elsewhere should not be a grave challenge. If the Chinese vaccine is not safe or effective, there is no reason for the UAE to endorse Beijing’s vaccine propaganda and risk its own image and the health of its own people.

“Thus the UAE’s approval and its top leader’s injection of the SinoPharm vaccine have come as a much-needed vote of confidence that will help convince more countries. Diversified supply of vaccines, with viable alternatives from China, is key to ensuring fair and equitable access by poor countries,” said the op-ed.

SinoPharm revealed that senior officials in Egypt and Bahrain also took part in trials held there.

https://asiatimes.com/2020/12/uae-gives-chinese-vaccines-a-shot-in-the-arm/

Posted by jibbie > 2020-12-11 06:17 | Report Abuse

Looks like gst might be coming back next year.

Posted by EngineeringProfit > 2020-12-11 06:57 | Report Abuse

Keeping an extra turbo engine kah? Bila start vroom?

Posted by Zuliana > 2020-12-11 07:01 | Report Abuse

Good morning,
Sifu here, what is the TP here.
Thanks

Posted by EngineeringProfit > 2020-12-11 07:03 | Report Abuse

see u at 6.00

Posted by Zuliana > 2020-12-11 07:18 | Report Abuse

Ok TP 6.00

Posted by Zuliana > 2020-12-11 07:19 | Report Abuse

Ooohh oil price spike up like mad !
As at 11.57pm,
Brent at=> $50.87 ‪(+2.01) (+4.11 %)‬
Nymex at=> $47.56 ‪(+2.04) (+4.48 %)

Posted by Systemworks > 2020-12-11 08:09 | Report Abuse

@Zuliana

Current TP is around 2.50, averaged from 5 analysts.

Posted by dusti > 2020-12-11 08:29 | Report Abuse

JUST CHECK “RESEARCH” FOR SOME TPs. Good luck!

Posted by scholez18 > 2020-12-11 08:44 | Report Abuse

@mikekim "As indicated earlier, MYEG has lost focus on its core business, trying to do everything that is hit chasing trends. They have 5-10 side businesses now, many of which do not contribute revenue, but just costs money."

MYEG has characteristics of a prolific "spawner" business model, same as all the tech companies like Google, Alibaba, Facebook, Baidu, Amazon, Tencent, etc. All ventured into side businesses also that does not even make money yet. Alibaba has been bleeding money on its cloud for years. Same with Google and Baidu, both bleeding money on autonomous vehicle outfits Waymo and Apollo. Amazon too has incubated many startups and all of which are eating money.

But the common characteristics of all is, they all have solid balance sheet, highly profitable core business which allows significant cashflow for safety and also buffer/coffer for them to be entrepreneurial and find the next big growth catalyst for their business. In fact, it is also what Airasia is trying to emulate - however, it's trying to do it with a significantly damaged and weak core travel business.

I wouldn't call it diversification for the sake of diversification - but rather, finding the next growth engine. And that's the responsibility of every responsible business to their shareholders (us), which is to create and grow value.

Posted by Flyinghorse > 2020-12-11 09:23 | Report Abuse

Hope can rebound next week

Posted by wehcant > 2020-12-11 09:32 | Report Abuse

Great time to accumulate MyEgg. Incubation on going.

Posted by Lee_CK > 2020-12-11 10:18 | Report Abuse

MYEG to be the sole distributor of Anhui ZhifeiLongcom Biopharmaceutical (安徽智飞龙科生物制药有限公司) for 3 years. You may refer to the proof from news papers with the following link.

https://www.sinchew.com.my/content/content_2389835.html

The webpage of the Anhui ZhifeiLongcom Biopharmaceutical is as follow:

http://www.zflongkema.com/

Good news, to everyone, the vaccine produced is named as “ZFLongkema”. The Zhifei company take the name from their webpage address. It is now in the mass production as the news from the following link:

https://www.china-briefing.com/news/chinas-covid-19-vaccine-development-and-availability/

HAHAH….SO….my question is will the share price double up once MYEG management managed to register the “ZFLongkema vaccine” as first Halal vaccine in Malaysia and the world?
HOPE THE NEWS WILL MAKE WE ALL CONFIDENCE. PLEASE SHARE IT TO PEOPLE.

Posted by smurfbee > 2020-12-11 10:19 | Report Abuse

agree its a good time to collect but the timing of the PP sucks.... should have announced NIIS along with the PP which would then give the company a new boost... until it gets a re-rating, its flat to mild profit taking which does not help stakeholders. Wong needs to do a better job in execution. I rate the recent announcements grade C.