There are thousand over counter in KLSE, every ctr has their own fans, ( even like MAS) there are also got their fans, so respect others choice , dun be sour grapes . wish others (sincerely) if they make $, . dun curse if u dun buy. mentality like this will kill urself only. and also irritate others. doesn't make any good for you.
that's mean the project is not yet kicked start...but it is a matter of time. Now let us focus on the TRS contract to see the price shoot up. Then, later this project with China kick in the price will further shoot up even higher, and then financial report is getting better and better, price is getting higher and higher....
what if he lost the bid on finalist?? what will be the consequences?? ( risk) anyone any thought on this?? ( just take precaution move ) hope someone kind to share this.. thanks thanks
Ministry of Tourism Malaysia Special Award just awarded to Dato Dahlan of ETRS the Bumiputera partner in Mpay. From the way YB Dato Seri Nazri hugged him and this being the only one Special Award given just to him from the Tourism Ministry, the rapport and working relation with the Tourism Ministry seems to be very credible and solid. A crucial uncertainty removed and bridge established. These Bumiputera guys in ETRS got the support of the YB and the tourism authorities which is crucial to win the Tourist Refund Scheme contract.
Thanks for the info, madiba. Hope this news help to boost the price tomorrow, and more importantly bring indication to the chance of winning the TRS contract for MPay.
Mpay is not a contra stock so lets not get carried away by assuming it will go up every other day. However its value has increased by 100% since December 2013 (3 months) and will continue to give shareholders increasing value over time if you are patient.
I am expecting a good set of FY results to be reported soon to confirm its clean balance sheet ie cash over RM 20 mil, good solid net profit growth and excellent prospects of securing the explosive earnings from the TRS project.
For short term traders I think 20-22 sen is very safe and I expect the 25 sen resistance to be broken sometime in March. Buy on rumor sell on fact for all stocks and I believe that by the time the TRS news is confirmed it will be nearer to the 30 sen price level than the 20 sen level before undergoing a longer consolidation.
All I can say is thank God I am in Mpay and not Iris at these levels. Iris close down a volatile 7% or 4.5 sen down today while Mpay close strong at 24 sen, flat after dropping to 23 sen at 10 am. Looks like excellent support at the 22-23 sen levels. Am confident the FY results due out this week will show a solid balance sheet and good prospects going forward. The insider boys are not selling, holding and adding on to their position that is for sure.
I just pray that leslieroycarter is not caught in the Iris volatility since his strategy has been long Iris short Mpay last heard. Wrong strategy. My sincere sympathy to him.
I have no idea what signals you are looking at leslie, my apologies. I am a value investor looking at various information sources and research that does not include dragonfly I am afraid. Thank you.
This counter is as solid as a diamond…however, must also not spike up and then down hard (like other Ace counters) as this will create volatility. Negative publicity will only impact the awarding of the GTF.
Well, in malaysia…we have The Sugar King and Rice King. In MPay, we have the Chocolate King!! Let's not forget that chocolate is a luxury. And to enjoy luxury, we will need $$$...;)
doji dragonfly turned to gravestone doji at the top signifies trend changes to bearish...very bearish ...advice to take profits first least u regret for life! or just look at iris , everything good suddenly vaporises? apa dah jadi? in share no such thing as solid...!
EXTRACT: Managepay GTF is not the only bidder for the TRS contract. The other parties are Iris Corp Bhd (which is partnering Swiss-based Global Blue), Salihin Consulting Group Sdn Bhd (jointly with Spain-based Innova Tax Free group), and Islah Wawasan Sdn Bhd (with Ireland-based Premier Tax Free).
leslieroycrater, you are late boomer i guess...we all know this info long time ago. thanks for your concern with lots of negative news you can paint on this fourm wall.
Guys, I am suspecting that our posts here is being read by 'them'... They seem to be adopting the wait and prowl attitude on those without holding intentions.
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....
kelvinfixx
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Posted by kelvinfixx > 2014-02-24 14:31 | Report Abuse
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1544353