Posted by pzul > 2014-04-09 13:27 | Report Abuse

I already borrow from along to staby..hehehe.. just joking..

Posted by Tripaka > 2014-04-09 13:46 | Report Abuse

No along will lend to you because their money is already in Money pay..LOL

Posted by pzul > 2014-04-09 14:03 | Report Abuse

Eemmm..betul la..that why they dont pick up the phone.. tripaka lend me some money..hahaha..just be along for me only.. i wont tell polis.. dont wory..trust me..

Posted by hagi > 2014-04-09 14:42 | Report Abuse

Picking up pace. Stay focused.

Posted by hagi > 2014-04-09 14:45 | Report Abuse

I am pushing more. Get ready guys.

Posted by afifi > 2014-04-09 14:46 | Report Abuse

ada wang ka....?

Posted by hagi > 2014-04-09 15:17 | Report Abuse

Money is not an issue. Here we go.

Posted by pzul > 2014-04-09 15:17 | Report Abuse

Going up? emmm... should be huge profit taking today..

Posted by kelv1980 > 2014-04-09 15:51 | Report Abuse

still not moving or big shark started to sell

Posted by Tripaka > 2014-04-09 16:05 | Report Abuse

pzul, my money all in Money Pays already.. Sorry brother.

Posted by pzul > 2014-04-09 16:21 | Report Abuse

Why so many counter moving heavily recenly? This make me scary.. hope no worldcup fever again.. ok tripaka..hehehe..

Posted by ran777 > 2014-04-09 19:57 | Report Abuse

Good evening madiba, any insight of the above news today? Thks

Posted by zmgoh > 2014-04-09 20:27 | Report Abuse

Hi madiba, any comments on today performance ?

Posted by wcs0201 > 2014-04-09 20:48 | Report Abuse

remain strong :) continue to stay upper range , good!

Posted by Mohamed Amirul > 2014-04-09 21:19 | Report Abuse

Sell on news..maybe tomorrow.......

Posted by hgling > 2014-04-09 21:30 | Report Abuse

This is only on tied up but not on getting the GST refund system award from the government.

Posted by madiba > 2014-04-09 22:07 | Report Abuse

Sorry ran777 and zmgoh I am in Hong Kong therefore did not track today's performance but just to recap what I said dated on 1 April when Mpay was still trading @ 27 sen trying to break its strong resistance then at 27.5 sen.

HISTORICAL RECAP
Last month consolidation over and April is a good month for Mpay to rally into mid May to new highs above 35 sen based on greater thematic investor interest in GST related counters as the GST Bill gets passed through Parliament, corporate development on the TRS front and increase buying from Dato Dahlan directly or indirectly.

The current resistance at 27-27.5 sen will be broken and turn into a support line I trust.
01/04/2014 09:00

CURRENT WHAT WE KNOW
7 April - The GST Bill was passed in Parliament and on the same day Dato Dahlan announced he was increasing his equity in Mpay and disposing placement shares directly to his nominees (not in the market).

8 April - Mpay announced a definitive Agreement entered into between the Korean TRS operator and Dato Dahlan's company ETRS. Further details in Bursa announcement out late this evening:

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1589897

The stock has moved up 18% so far in April from end March 27 sens to current 32 sens today.

MY ANALYSIS

It is not a coincidence that Mpay is gathering steam moving up in tandem with the GST Bill approval and timing of the announcements. These new Bumiputera shareholders (direct and layered) obviously knows what is happening behind the scene and is managing the price uptrend as the thematic play on GST counters gathers more interests based on the average daily volume of 18 million a day in April versus daily average of 8 million only in March (increase of over >100%)

I am still long on my third round at 30.5 sens and I believe any short term pull back to this level presents fantastic buying opportunities. I believe although the warrants represents a fantastic leverage instrument to make a fast trading profit, the 34% premium over the mother share is far too high a risk for me personally to bear in case my analysis is wrong therefore I still prefer the mother share although I admit my total overall averages are near the 20 sens level.

I would be on the lookout for further buying by either Dato Dahlan or Mr Chew as a sweetener confirmation of further upside and some new bumiputera appointments onto the Board of Mpay as a confirmation of a revitalised Mpay horse moving to the 35-38 sens level target in anticipation of of the Customs contract. Once confirmed that Mpay has secured the TRS contract the stock is worth 50 sens fundamentally 12 months forward (not immediate). The beginning of April series of corporate announcements and explosive stock movement in light of greater GST theme play seems to point to that exactly. Expect more sweeteners I say.

Food for thought...If Mpay's movement next 30 days replicates its February movement of 68% upside (from 16 to 27 sens then) we are looking at 45 sens by mid May. I dare to pray and hope its true but nevertheless I believe 35-38 sens is achievable on this run. Support at 30.5-31 sens and target 38 sens. Thank you and goodnight from Hong Kong.

Posted by zmgoh > 2014-04-09 22:18 | Report Abuse

Thanks madiba.. enjoy ur hong kong trip..

Posted by pzul > 2014-04-09 22:41 | Report Abuse

thanks madiba.. really help..

Posted by ran777 > 2014-04-09 22:43 | Report Abuse

Thanks madiba and have a good nite rest.

Posted by chelseazola > 2014-04-09 22:53 | Report Abuse

Madiba, appreciate your good analysis. I will increase my buy on mypay tml. Enjoy ur lifr

Posted by wee888 > 2014-04-09 23:10 | Report Abuse

Thanks Madiba. Really appreciate your frank view on Mpay. Have a nice trip!!!

Posted by tsk123 > 2014-04-09 23:18 | Report Abuse

Thanks madiba..

Posted by Wen Hua > 2014-04-09 23:18 | Report Abuse

thanks Madiba. Enjoy ur holiday!

Posted by Sam Eng > 2014-04-09 23:23 | Report Abuse

Thanks madiba...writing so long even you're in HK

Posted by Mohammad Firdaus Juhari > 2014-04-10 01:00 | Report Abuse

thanks Madiba

Posted by Al_investor > 2014-04-10 06:40 | Report Abuse

Good analysis Madiba, thanks.

Posted by iriscool > 2014-04-10 08:14 | Report Abuse

mpay will rise today

Posted by npused > 2014-04-10 09:20 | Report Abuse

Thanks Madiba. Been following your comments since day 1. Appreciated that. Cheers~!

Posted by tomok81 > 2014-04-10 09:28 | Report Abuse

cool madiba.....
great analysis......
hope to hear more other counters from you....

Posted by farfaez > 2014-04-10 10:18 | Report Abuse

thanks madiba for info sharing

Posted by A O > 2014-04-10 10:22 | Report Abuse

good analysis Madiba, thanks. today will rise

Posted by limayseng > 2014-04-10 10:34 | Report Abuse

I foresee a very strong support at 32 cts , if breaches this level, it may move to 30/30.5 cts , I think not likely as the volume is decreasing when its price weakens! chart-wise %K and % D more or less even , it means to say that selling down the price somewhat got the resistance as the support at 32 cts is still very strong that is 3-4 times the sellers . The best tactic is buying slowly at each level of weakness as we are not sure how low it may go as it may spring up in the late afternoon if nothing serious happen! Disclaimer clause attached.

Posted by pzul > 2014-04-10 11:01 | Report Abuse

thanks limayseng..

Posted by Tripaka > 2014-04-10 11:46 | Report Abuse

waiting for tomorrow Friday to bargain hunt....whack on weakness give to strength..

Posted by TheOptimus > 2014-04-10 13:51 |

Post removed.Why?

Posted by Mohamed Amirul > 2014-04-10 14:27 | Report Abuse

Optimus....optimus everywhere....

Posted by hagi > 2014-04-10 15:03 | Report Abuse

Have you no ethics Optimus calling people like that. Just be yourself and please do not envy a successful trader like Madiba. It is normal for your standard to get wrong in predictions/judgement whatever. Please learn from the expert and avoid repeating the same mistake. Pity you Optimus. Thumbs up for Madiba.

Posted by zmgoh > 2014-04-10 15:10 | Report Abuse

Salute you, hagi..

Posted by Tripaka > 2014-04-10 15:11 | Report Abuse

If it holds at this level, then tomorrow will go for slight correction.

Posted by hagi > 2014-04-10 15:18 | Report Abuse

Thanks Zmgoh. That just need to be said.

Posted by hagi > 2014-04-10 15:23 | Report Abuse

Any take on Destini? A very much promising counter for me too. Am currently holding the warrant. FYI, the company has a strong connection with the Government. Keep it in your watchlist at least =)

Posted by limayseng > 2014-04-10 16:22 | Report Abuse

even the no of buyers are more than sellers around 2 x but there are sellers selling lower instead of following market trends , as if there are attempts to pushing down the price further....? 2 cts

Posted by TheOptimus > 2014-04-10 17:05 |

Post removed.Why?

Posted by wee888 > 2014-04-10 17:22 | Report Abuse

Today, small volume. Have a feeling operator/syndicate is trying to flush out contra players; good for the market. Counter may take a breather 2moro and starts 2move next week. Just sharing my observation.

Posted by nicholasnwh90 > 2014-04-10 17:28 | Report Abuse

Felt the same as the other forumers here. Following the trend and the momentum, MPAY should be rising steadily at least. From the past trading patterns, I would rather believe that MPAY is not a counter for swing traders and punters.

Posted by gerry188 > 2014-04-10 17:37 | Report Abuse

As I stated earlier, the operators are still accumulating with support now at 22sen WA and 31.5sen mother. If that is the case, then TP 1 of 38.5sen could be breached rather quickly and the next TP of 41sen as speculated in madiba's posting (ie if the play is like the show in February)should be achievable.

Posted by gerry188 > 2014-04-10 17:40 | Report Abuse

Errata: madiba indicated 45sen mother.

Those with positions at 32sen and below should hold for the midterm and trade the counter on dips.

Posted by pzul > 2014-04-10 18:53 | Report Abuse

here got many good ppl willing to share their expertise. happy to hear good comment.. on my view profit taking not dont yet.. but i have faith tomorrow will be better.. since im looking to find weak price, i think tomorrow will be the answer.. please update if got any new news..

Posted by wcs0201 > 2014-04-10 18:54 | Report Abuse

resistance at 0.325 has already been breached, and the uptrend is so strong, it is time for it to have a nice rest, then start the engine again, I think the uptrend is likely to continue after correction :)