Posted by excelyou > 2013-11-07 10:53 | Report Abuse

This week buyers likely to push up to RM0.72

Posted by potenza10 > 2013-11-07 10:53 | Report Abuse

okey...sold all at .645...

Posted by excelyou > 2013-11-07 11:00 | Report Abuse

KUALA LUMPUR: The shares in Censof Holdings Bhd, MyEG Services Bhd and GHL Systems Bhd — three counters considered the biggest beneficiaries of the goods and services tax (GST) when implemented in 2015 — have risen since the announcement last Friday.

Censof jumped 5.22% to close at 60.5 sen yesterday with 39.4 million shares changing hands. MyEG recorded a new all-time high of RM2.56 yesterday, surging 7.11% from Monday’s close of RM2.39.

Kenanga Research analyst Chan Ken Yew said in a recent report that Censof, one of the major accounting solutions providers for government agencies, is seen as a clear-cut winner. He anticipates Censof to see more contract flows with the implementation of the GST.

“Besides, it may also benefit from the government’s intention to promote outcome-based budgeting (OBB) in the Ministry of International Trade and Industry and Health Ministry.”

Chan said Censof is handling a similar project for the Ministry of Finance worth RM25.47 million, its second biggest contract after the Social Security Organisation (Socso).

JF Apex Research noted that the implementation of the GST would be a major catalyst for e-services or IT solution providers, which could benefit front runners such as MyEG and Censof, undertaking back-end systems work and training for government departments.

Posted by qwer1234 > 2013-11-07 11:04 | Report Abuse

This time Censof need to break the barrier of 0.65....before continue journey to new high of 0.72

Posted by rchi > 2013-11-07 11:49 | Report Abuse

tq excelyou for in depth sharing.

Posted by excelyou > 2013-11-07 21:00 | Report Abuse

AFTER the government proposed the Goods and Services Tax (GST) in Budget 2014, counters considered the biggest beneficiaries of the implementation of the tax, such as MyEg Services Bhd, GHL Systems Bhd and Censof Bhd, started to rise.

However, analysts say the nascent payment system sector is not limited to these stocks. In fact, companies like Cuscapi Bhd, Managepay Systems Bhd, Microlink Solutions Bhd, Datasonic Group Bhd, Rexit Bhd, N2N Connect Bhd, CBSA Bhd, Rexit Bhd and Excel Force MSC Bhd, which derive a substantial portion of their earnings from facilitating electronic payments, could be beneficiaries of the implementation of GST.

“We believe this growth has not been fully reflected in forecasts or valuations of selected stocks. Looking forward, as the growth cycle accelerates, M&A are likely to drive sentiment and price as domestic players search for increased economies of scale and international firms with low borrowing costs bid to enjoy emerging market growth,” says a report on the payment system sector by Hong Leong Investment Bank (HLIB).

Market observers note that the implementation of GST will require a massive reworking of the backend of the payment system, both at the business and government levels.

Moreover, according to EY’s Indirect Tax 2013 report, electronic data allows tax administrators to use IT-based audit tools that can help combat fraud and tax evasion more effectively.

The report says 57% of GST around the world has mandatory electronic filing and a total of 92% is either mandatory or optional electronic filing as governments discover that it is far more efficient to administer GST with electronic data transmission and filing.

Censof, which is a key player in the business-to-government segment, could secure future contracts from the government as it had previously secured an OBB job from the MoF earlier this year for RM25.47 million.

“As the government is targeting to expand the OBB system to another two ministries, we are positive about Censof based on its previous track record in securing government projects,” Kenanga Research says in a report.

Meanwhile, Censof’s GST-ready accounting software and training services could be used by more than 80 different government agencies in the country, giving the company new income streams.

“Based on our understanding, the GST software upgrade service is charged an average of RM200,000 to RM2 million and this largely depends on the client’s size, system and level of integration,” Kenanga Research adds.

Furthermore, Censof’s recent acquisition of a 45% stake in Time Engineering Bhd will result in it controlling Dagang Net Technologies Sdn Bhd, which facilitates the import and export of goods and related payments in Malaysia, according to HLIB.

Posted by tsurukame > 2013-11-07 21:22 | Report Abuse

TQ excelyou for sharing the great research materia....it looks like censof n the rest are at the cusp of a sustained uptrend....

Posted by caven101 > 2013-11-08 11:07 | Report Abuse

low volume to day....where the investor going?

Posted by stockcrazy > 2013-11-08 16:34 | Report Abuse

Censof graph are beautiful... y it can not close at 0.65????

Posted by Forwardinvestor > 2013-11-08 20:21 | Report Abuse

Short term trader pls be aware of the RSI divergence. Look for further consolidation with weaker volume.Sept Q result will be out soon n I hope it will not disappoint. Technical MGO will be over by 20th Nov and Censof will get a huge jump in its gearing of 0.23x to 1.73x. It will probably take weeks to consolidat

Posted by Siva68 > 2013-11-09 11:59 | Report Abuse

Forwardinvestor, is it in consolidation mode at the moment or will move up?

Posted by Forwardinvestor > 2013-11-09 15:35 | Report Abuse

It is a strong distribution pattern at around 0.640-0.650. Come next week there will be more talks abt Dectaper because of the strong Oct job data from USA . Any talk about QE tapering, EM ( especially ASEAN)stock mkt will suffer cos of pulling out of hot funds. The whole mkt will consolidate and those which have good run up will see more downside. The GST play has already factored in the euphoria and Censof will not be exempted. There will be cheaper price. For those who follow Dali's Murasaki Weekly Market Review, pls dont be too bullish. Economists in USA are talking abt Dectaper and not March 2014. DJIA may have a good show on Friday night, it is going to be a trap if we are too overtly bullish.Watch for what Yellen may say abt the job data.

Posted by TESSA > 2013-11-09 15:40 | Report Abuse

Now That's Scary :)

Posted by CityTrader > 2013-11-09 15:43 | Report Abuse

hug hug :) i feel scare too!!! :(

Posted by TESSA > 2013-11-09 15:47 | Report Abuse

:(

Posted by CityTrader > 2013-11-09 16:18 | Report Abuse

One side is good news supplied by excelyou & another dark side is well said by Forwardinvestor.. This contradicts & dilemmas to ppl who are in doubts whether to sell positions or hold tight to hit next tP=0.75, TP=0.95.. Support=0.60 & 0.56

For mid & long term, censof no doubt is a good ctr to invest due to its few big projects in hand esp the gst theme..

For short term, Forwardinvestor may have reasons to cautios friends...

Wil the US's taper really affect badly on us??? I dont know!!! But i know the near term TP=0.70 can be hit after a mild consolidation..

Posted by TESSA > 2013-11-09 16:23 | Report Abuse

thanks sweetie, I having a good laugh at PM Corp, so funny this ayam tua.

Posted by tsurukame > 2013-11-09 16:55 | Report Abuse

My take is based on chart pattern Censof is still in early accumulation stage .IT n Oil & Gas stocks will be the theme plays post budget..going forward. Censof is an IT company n major shareholders had successfully built up a good business model with acquisition of Time Engineering n Censof is a takeoff stock capable if delivering super profits going into 2014. Investors should buy into Censof on any price weakness . Furthermore Censof is under researched n therefore this is another reason for strong buying opportunity before good news r factored into the stock price going forward with more IT GST contract awards cum IT service awards...

Posted by tsurukame > 2013-11-09 17:04 | Report Abuse

The major central bankers will act to keep interest rate as low as possible going forward although there maybe talks on possible tapering..the effect of tapering is higher interest rate but the central bankers goal is to keep interest rate at a low level...

Posted by Stockman > 2013-11-09 20:32 | Report Abuse

Hope Censof will be like Datasonic that up up up

Posted by TESSA > 2013-11-09 20:34 | Report Abuse

ya i hope so no barricade no roadblocks, it just moves up non-stop LOL

Posted by caven101 > 2013-11-09 22:48 | Report Abuse

Stockman possible or not? if possible become next Datasonic i will keep on buy in..wakakakaka. but really could break RM2 i already happy...(^_^)

Posted by Stockman > 2013-11-10 00:33 | Report Abuse

caven101 - I am confident it is possible too

Posted by Forwardinvestor > 2013-11-10 18:32 | Report Abuse

http://www.efxnews.com/story/21556/trading-us-nfp-what-buy-what-sell-5-scenarios-citi

Posted by tsurukame > 2013-11-10 22:10 | Report Abuse

Censof will most likely be not on foreign funds portfolio, is underesearched n not on radar screen of foreign investment funds..., it is more of local funds interest...

Posted by caven101 > 2013-11-11 07:00 | Report Abuse

Stockman hahaha...then ok we just wait for our victory on Censof...

Posted by trustme932 > 2013-11-11 09:48 | Report Abuse

Slowly but surely aiming at 0.69.

Posted by stockcrazy > 2013-11-11 11:07 | Report Abuse

may target price is 0.756 and 1.00...

Posted by stockcrazy > 2013-11-11 11:14 | Report Abuse

today sure top five....

Posted by stockcrazy > 2013-11-11 11:15 | Report Abuse

above 0.65... sure go 0.70

Posted by stockcrazy > 2013-11-11 11:29 | Report Abuse

slowly coming up......

Posted by GoldenRay > 2013-11-11 11:40 | Report Abuse

Censof 80 cents is coming!!!!!!!!!!!!!

Posted by stockcrazy > 2013-11-11 11:46 | Report Abuse

0.756 is a resistance line....

Posted by tomwah > 2013-11-11 11:52 | Report Abuse

good

Posted by tsurukame > 2013-11-11 12:01 | Report Abuse

Broke through 64.5 cents resistance with solid volume...now @ 67 cents...Very Good Indicator of further Price surge ahead if Censof close above 64.5 cents today...

Posted by tsurukame > 2013-11-11 13:25 | Report Abuse

Censof IPO price was 93 cents in 2011 and TA Securities earlier forecast TP was RM 1.30...This forecast was made without the "Top line plus Bottom line contributions" from Time Engineering then.....

Posted by Siva68 > 2013-11-11 13:27 | Report Abuse

Hi, having a few lots of the warrant. Find that its not moving as high as mother. Would it better to sell and buy mother?

Posted by trustme932 > 2013-11-11 14:34 | Report Abuse

Next to look for is,0.685-0.69...hold on at least 50 pct if it closes abv 0.685 for 3 consecutive days as the next target wud be 0.79..good luck.

Posted by choop818 > 2013-11-11 15:02 | Report Abuse

Trustme932... Can help to read Tgoffs for me? Thanks in advance!

Posted by trustme932 > 2013-11-11 15:30 | Report Abuse

choop818,i did juz last week,expecting to c 0.75 but i advised to sell at 0.72 instead.I had a few bad experiences with this stock as it never hit my tp but not this time,hehe.

Posted by trustme932 > 2013-11-11 15:36 | Report Abuse

Choop818...punch into 932/kakis,if u need help from me or all 932 kakis,tq

Posted by qwer1234 > 2013-11-11 17:34 | Report Abuse

Celebrate the new high 67cents. Must speed up to meet GHLSYS at 1.00 by end of this month..................promise by CENSOF....HAHAHA

Posted by chang0509 > 2013-11-11 20:28 | Report Abuse

Censof may break 70 cents tmr

Posted by TESSA > 2013-11-12 07:11 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/11/11/Time-Engineering-shareholders-told-to-reject-Censof-offer.aspx

Posted by drnumberuntung > 2013-11-12 08:14 | Report Abuse

Bad news?

Posted by Stockman > 2013-11-12 08:24 | Report Abuse

Forget about Time Engineering & look for other company

Posted by ahbeng77 > 2013-11-12 08:31 | Report Abuse

oh no.... not a good news.

Posted by Forwardinvestor > 2013-11-12 09:47 | Report Abuse

It is only a technical MGO.It is not a bad news. Which rational investor would want to sell at 0.20 while quoted price is 0.27? So come 20th Nov, Censof will own 45+% in TEM and incorporate into Censof fin account. Watch out for Feb 2014 for 31.12.2013 ending quarter for TEM contribution to Censof.

Posted by wanttowin > 2013-11-12 10:50 | Report Abuse

just wonder how come Censof can get 0.20 from Khazanah as the price had been above 0.20 for more than 2 yrs.

Posted by caven101 > 2013-11-12 10:53 | Report Abuse

if Censof not take over Time Engineering what impact to the GST project? none rite? Censof still will be benefit on GST project.