Posted by Hot.T > 2013-10-28 03:04 | Report Abuse

Hi guys.sorry to keep u ppl waiting!!today whole day in singapore..cousin's wedding.went back to JB in d evening and shot back to KL at abt 8.30 laa..reached home abt midnite..rained all d way!!

Whats happening..or pening?!?!

CT, LOL = Lauughing Out Loud. ROTFL = Rolling On The Floor Laughing..hehe..

Posted by Fortunebull > 2013-10-28 08:59 | Report Abuse

As expected! GST theme play in force!

Posted by Doremi > 2013-10-28 09:10 | Report Abuse

0.565

Posted by wintertime > 2013-10-28 09:11 | Report Abuse

no buying volume also..........lol

Posted by Tripaka > 2013-10-28 09:11 | Report Abuse

reverse direction...

Posted by midtermtrader > 2013-10-28 09:12 | Report Abuse

MYEG up,censof drop. Something cooking?

Posted by FreeThink > 2013-10-28 09:13 | Report Abuse

looked at the morning Q, how they tried to trap buyers at 0.59...last second the huge volumes at 0.585-0.59 missing...

Posted by wintertime > 2013-10-28 09:13 | Report Abuse

myeg also no buying volume............. maybe others ??

Posted by Doremi > 2013-10-28 09:16 | Report Abuse

becareful guys.

Posted by Kelvin Leong > 2013-10-28 09:20 | Report Abuse

what happen?

Posted by Forwardinvestor > 2013-10-28 09:21 | Report Abuse

Buy on rumour sell on fact.Flush out the weak holders and let the institutional big guys hold more.

Posted by Qiii > 2013-10-28 09:41 | Report Abuse

Because those who received PM's Budget speech bought in at 4pm Friday in huge volume. They are offloading to the 2nd wave now. Just normal trading. Good luck.

Posted by Kelvin Leong > 2013-10-28 10:03 | Report Abuse

thanks for the info

Posted by wintertime > 2013-10-28 10:07 | Report Abuse

tq qiii

Posted by Bobby31 > 2013-10-28 10:12 | Report Abuse

Halo people not to worry both are gainers If MYEG get the Kastam Censof get the LHDN / Socso / MOF / KWAP and other existing user of their software apart from that needs to upgrade their software to include the GST feature

Posted by CityTrader > 2013-10-28 10:14 | Report Abuse

M trading based on the recent break out upwards of 0.565. I believe the 0.60 can be broken..

Posted by Bobby31 > 2013-10-28 10:16 | Report Abuse

Apart from that don't forget they have spread their wings to Middle East / Indonesia / Myanmar ....what has MYEG spread ???? alos they have payment gateway with Banks ...I am sure will need some upgrade aswell with rapid changes ...so take it easy people

Posted by Hot.T > 2013-10-28 10:16 | Report Abuse

conservative trading..didnt whack whn saw d pre-open price movement..tq CT for reminder

Posted by GoldenRay > 2013-10-28 10:18 | Report Abuse

Regardless of how the FBM KLCI will perform today, Etiqa Insurance and Takaful Bhd head of research Chris Eng Poh Yoon told SunBiz, investors might see weakness in the benchmark index later on.

He added that the local stock market, which was supported by the local institutional funds, has outperformed other regional markets before the budget announcement. But in view of global tight on stimulus, the corporate earnings going forward are expected to disappoint.

For now, FBM KLCI is biased towards the short-term support level of 1,800 points, while the resistance level remained at the all-time high of 1,826 points, said Eng.

A market strategy of "sell into strength" is recommended, with a year-end target of 1,800 points, Eng suggested the investors may "buy" in November if the benchmark index drops to 1,750 points.

Eng identified stocks such as MY E.G. Services Bhd and Censof Holdings Bhd, which are involved in the roll-out of the new tax system, as likely to see some buy-in from investors.

http://www.thesundaily.my/news/866843

GST confirmed kick in, TP revised to RM0.80 mid term, above RM1.00 long term (End of Y2014)

Posted by TESSA > 2013-10-28 10:21 | Report Abuse

Phew.its like I am singing Landing in London all over again

Posted by Qiii > 2013-10-28 10:30 | Report Abuse

Hope you guys don't mind if I add on. Looking at the charts, this counter is very bullish. It seems to have bounced off 0.53 support last Thursday and is hugging the Bollinger band closely. The momentum as indicated by RSI is bullish and has plenty of room to shoot up. Volume-wise, there is on-going accumulation. The volume for the 1st hour this morning alone is 45% of traded volume on Friday. We should see more action before closing today. Immediate target is 0.58 (Opening Price today), 0.62 followed by 0.645.

Fundamentally prior to GST announcement, profit was growing over the last couple of years. Their recent acquisition of TEB should better enable them to provide an all-in-one solution from training, accounting software, payment gateway / services and system integration. Existing clientele of government agencies offers plenty of opportunities.

Eitherway, due to the time constraint (17 months will come by in a jiff), they will take a big slice of the GST pie as announced in the budget whether directly or indirectly via other contractors. Actually I am not worried whether their revenue will grow, I am more concerned on whether their capacity can handle this in 2014.

Posted by Hot.T > 2013-10-28 10:32 | Report Abuse

TQVM for d outlook Qiii

Posted by CityTrader > 2013-10-28 10:34 | Report Abuse

TQ Qiii for sharing your analysis & same wavelength on TA.

Posted by CityTrader > 2013-10-28 10:36 | Report Abuse

Bro Hot, our friend; Tessa is singing her favo song again.. Ask her to sing "Censof lits up our life"

Posted by Hot.T > 2013-10-28 10:42 | Report Abuse

hehehe..and post it on You Tube..how abt that TESSA..next justin b

Posted by Qiii > 2013-10-28 10:43 | Report Abuse

Ei no prob. I have been reading all your outlooks as well.

Posted by GoldenRay > 2013-10-28 10:44 | Report Abuse

http://klse.i3investor.com/blogs/kenangaresearch/39337.jsp

Posted by CityTrader > 2013-10-28 10:48 | Report Abuse

TQ goldenRay... another booster of confident...

Posted by Hot.T > 2013-10-28 10:50 | Report Abuse

oic..me just the nasi tambah joker..CT/T932 and others providing the real inputs..but i'll take your compliment all d same..huhu

Posted by excelyou > 2013-10-28 10:52 | Report Abuse

Comments We believe the items highlighted above in the Budget 2014 bode well for CENSOF as the government emphasises on the importance of OBB to improve budget management in the ministries. Note that CENSOF had previously secured OBB project from the Ministry of Finance worth RM25.47m (including the extension contract) to install and implement the online budget system for the outcome based budgeting in Jun-11 and Apr-12. The project is also its second largest contract in terms of value after PERKESO. As the government is targeting to expand the OBB system to another two ministries (Ministry of Health and Ministry of International Trade and Industry), we are positive for CENSOF based on its previous track record in securing government projects.

Meanwhile, as the government announced that GST will be implemented in Apr-15 (which is approximately 17 months from now), CENSOF’s GST-ready accounting software and training services are already ready which CENSOF can offer to their existing 80 plus government agencies in the country while creating new income streams. Based on our understanding, the GST-software upgrade service is charged at an average of RM200k-RM2m for GST-compliance accounting system upgrade and training services, depending on the client's corporate size, terminal stations, system integration and etc. Notably, the GST-upgrade service excludes annual service maintenance fee, which normally accounted for about 2%-5% of the software purchasing price.

Outlook We are positive on CENSOF’s long-term outlook underpinned by: (i) the potential influx of GST-compliance accounting system upgrade and training services demand from its existing 80 plus government agencies before the official implementation of GST in Apr-15, (ii) continued projects/contracts flow from various government agencies for its FMSS project, and (iii) potential massive synergistic benefits that could be created for CENSOF and Time Engineering Bhd (TEB) post acquisition.

Posted by Qiii > 2013-10-28 11:07 | Report Abuse

Wow according to this Kenanga Research report, they expect the 2014E Net Profit to grow by 65.5% over 2012A or 20% over 2013E although I think their TP is very conservative. Oops, KLCI green.

Posted by wintertime > 2013-10-28 11:10 | Report Abuse

keep........don sales

Posted by TESSA > 2013-10-28 11:37 | Report Abuse

CT..Hot.T lol better give you both another song
http://www.youtube.com/watch?v=Dr3In858tQk

Posted by ijanto > 2013-10-28 12:05 | Report Abuse

it will go up...now just wait.. will buy more if it break 60c .. sold all my property stock already :-(

Posted by choolooi > 2013-10-28 12:18 | Report Abuse

Hot T and City Trader, nice to see you both in Censof forum.

I am holding mother and son . Making some money as of this point in time.
Any advice or info for me as a guide to trading .?

Posted by Hot.T > 2013-10-28 12:21 | Report Abuse

hi choolooi..long time no c.. :)
mayb a bit late..but how's the ppl in burma? good i hope.
am observing censof trades today b4 deciding..

Posted by TESSA > 2013-10-28 12:29 | Report Abuse

Hot.T you want to post what on YouTube LOL

Posted by CityTrader > 2013-10-28 12:33 | Report Abuse

Hi choolooi!!!

Posted by Christine Goh > 2013-10-28 13:12 | Report Abuse

I m coming.....thanks sharing song here...hehe...

Posted by wintertime > 2013-10-28 13:14 | Report Abuse

nice song

Posted by TESSA > 2013-10-28 13:15 | Report Abuse

:)

Posted by CityTrader > 2013-10-28 13:17 | Report Abuse

Hi Tessa, nice song. U r a sentiment romantic lady, i think.

Posted by TESSA > 2013-10-28 13:21 | Report Abuse

hey u r more romantic than I am with whitney houston i always love you..oops just kidding u light up my life lol

Posted by FreeThink > 2013-10-28 13:23 | Report Abuse

This song make me sleepy after my lunch...let's have a bit rock...

http://www.youtube.com/watch?v=vx2u5uUu3DE

Posted by TESSA > 2013-10-28 13:25 | Report Abuse

LOLL its my life

Posted by wintertime > 2013-10-28 13:31 | Report Abuse

wow..........my life also rock with all this penny stock....

Posted by FreeThink > 2013-10-28 13:35 | Report Abuse

penny stock is for rock heart and rock mind...hehe

Posted by CityTrader > 2013-10-28 13:40 | Report Abuse

Tessa, u r right, i like the song "i always love u" she had a powerful voice.

Posted by FreeThink > 2013-10-28 13:42 | Report Abuse

cttrader another nick name is ctlover...hehe

Posted by CityTrader > 2013-10-28 13:44 | Report Abuse

Free think. Tq for a nice song but i prefer to listen this type after few glasses of whisky warming up my body.