Posted by jackson88 > 2020-04-09 15:15 | Report Abuse

Heard that there is going to be hostile takeover of E&O by another listed company boss.

Posted by jackson88 > 2020-04-09 16:14 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/03/28/short-position---tee-increases-stake-in-eo

Posted by davidkkw79 > 2020-04-10 00:03 | Report Abuse

If mahsing merge with E&O sure is big property giant making...

Posted by jackson88 > 2020-04-10 08:47 | Report Abuse

E&O will be taken over by Kerja Prospek Bhd boss. They are buying out the shares in E&O. That’s why price moving up. See company announcement.

Posted by Foker > 2020-04-10 09:32 | Report Abuse

Technical analysis will fail in this market. Now is ruled by fundamentals

Posted by jackson88 > 2020-04-10 09:40 | Report Abuse

Yes, long term investor will win. The day trading is going to get burn in a matter of time.

Posted by alexsee > 2020-04-10 09:43 | Report Abuse

today friday drop i think because small investor worry PM will announce extend another 14 days MCO

Posted by jackson88 > 2020-04-10 09:47 | Report Abuse

Yes, announcement will be after lunch ....taking this opportunity to buy. I’m accumulating E&O

Posted by davidkkw79 > 2020-04-11 23:20 | Report Abuse

Mahsing is cash rich.... got 1 billion cash.

Posted by davidkkw79 > 2020-04-11 23:22 | Report Abuse

Maybe that's why E&O want to merge with mahsing because of its cash rich ? E&O provide land, mahsing provide cash, set up a jv to develop master project ?

Posted by apolloang > 2020-04-11 23:34 | Report Abuse

yup property counters should merge just like banks in 1997-1998 to overcome this crisis

Posted by jackson88 > 2020-04-12 15:28 | Report Abuse

David, Kerjaya Prospek boss likely taking over E&O. Already accumulate more than 20%. Still buying. That’s why price go up.

Posted by foo > 2020-04-13 15:25 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by trader808 > 2020-04-13 22:13 | Report Abuse

Technically speaking, an inverted hammer that has happened on 8th Apr represents the potential reversal in an uptrend has materialized. Mahsing has retreated for the third day. With EPF aggressively selling 3m shares a day the fall will persist. It is a good opportunity to buy cheap for long term value investing. .

Posted by davidkkw79 > 2020-04-14 09:04 | Report Abuse

something is brewing at this counter

Posted by jackson88 > 2020-04-14 09:09 | Report Abuse

Heard that company is going to announce 3.35sen dividend

Posted by jackson88 > 2020-04-14 09:10 | Report Abuse

I’m trying to buy now but problem is shares already done up 3% this morning

Posted by Lucky81 > 2020-04-14 09:19 | Report Abuse

ikan bilis get caught in this counter and properties market will collapse soon.

Posted by jackson88 > 2020-04-14 09:49 | Report Abuse

Have to hold for long term. Easily will go back above 80sen or even RM1. The Ikan Bills or day trader will sure die if buy & sell without capital. Look at long term

Posted by jackson88 > 2020-04-14 10:00 | Report Abuse

Not only Mah Sing, there are many other property counter available. Just need to make sure they are net cash position, and have at least 7% dividend yield (as profit will go down this year. So got cushion). Property sector will be bad this year which is why the counter is super cheap now. But look at 2 years from now, will the property sector still be bad like now? It will be too late to buy when economy recover

Posted by learnbyheart > 2020-04-20 13:16 | Report Abuse

big shark wallop almost RM 1 million at 0.475 before closing in one single transaction..crazy

Posted by hornbill > 2020-04-20 13:17 | Report Abuse

who will buy property this year?

Posted by tai yee > 2020-04-20 13:38 | Report Abuse

cashrich property company will go hunt cheap land, cheap old building, built or renovate when market good, sell

Posted by learnbyheart > 2020-04-20 13:38 | Report Abuse

I guess it is for long term investment as the price is undervalue + cash rich company..most probably it is investor rather than trader which will dare to put 1m in single transaction

Posted by tai yee > 2020-04-20 13:39 | Report Abuse

sell high or rent in high yield return. give mahsing 2 yrs. they will be tai-kor in property and reits market

Posted by jackson88 > 2020-04-20 17:00 | Report Abuse

Something big is going to happen in this Company. Many buyers today in huge volume. Mostly all at 47sen

Posted by cityoflight > 2020-04-22 23:00 | Report Abuse

Strong support at 43c.. Once broken..will be heading to 50c next

Posted by jackson88 > 2020-04-23 15:13 | Report Abuse

heard company will be announcing 3.35sen dividend in May (payable Sept). That is around 8% dividend yield

Posted by lsmpro888 > 2020-04-24 09:38 | Report Abuse

this one hurdles ahead.. this morning quite active though..but no power.

Posted by leslieroycarter > 2020-04-24 09:55 | Report Abuse

EPF was the nett seller with other insiders . The price may drop below 40c

Posted by jackson88 > 2020-04-24 11:58 | Report Abuse

There is a big buying support at 43.5sen. I think someone (maybe private fund managers) collecting at this price.

Posted by Plantermen > 2020-04-24 11:59 | Report Abuse

After tabung haji selling substantially thier stake holdings now epf turn selling . they
must know something we don't know

Posted by jackson88 > 2020-04-24 12:05 | Report Abuse

EPF is selling a lot of counters ....they need money to support KLCI Index counters.

Posted by jackson88 > 2020-04-24 12:17 | Report Abuse

UEM Sunrise today gain around 10% to 46.5sen. It’s a property counter. I think rotational play now.

Posted by kasinathan > 2020-04-24 15:43 | Report Abuse

Hopefully, they have got another 30 million to dispose. Then, the price will be back to 35 cents

Posted by kasinathan > 2020-04-24 15:43 | Report Abuse

Next quarter, very likely result in red for the first in decade

Posted by ocpd > 2020-04-26 04:28 | Report Abuse

Can't believe with such big disposal by EPF the price still rising. I wonder who is buying from EPF?

Posted by fregend > 2020-04-27 10:21 | Report Abuse

Why price still up?

Posted by lsmpro888 > 2020-04-27 10:57 | Report Abuse

still hanging.. but unable to move further..

Posted by ocpd > 2020-04-27 11:37 | Report Abuse

Who wanna guess how many shares EPF sells today?

Posted by Miracles > 2020-04-27 12:59 | Report Abuse

Mahsing so undervalued.

Posted by giwoge9114 > 2020-04-27 13:28 | Report Abuse

EMPLOYEES PROVIDENT FUND BOARD ("EPF") 21-Apr-2020 Disposed 2,246,900
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 20-Apr-2020 Disposed 6,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 17-Apr-2020 Disposed 3,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 16-Apr-2020 Disposed 1,846,600
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 15-Apr-2020 Disposed 1,314,400
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 14-Apr-2020 Disposed 2,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 13-Apr-2020 Disposed 740,200
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 10-Apr-2020 Disposed 1,587,600
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 09-Apr-2020 Disposed 2,067,900
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 08-Apr-2020 Disposed 3,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 07-Apr-2020 Disposed 3,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 06-Apr-2020 Disposed 1,000,000
EMPLOYEES PROVIDENT FUND BOARD ("EPF") 03-Apr-2020 Disposed 45,400

lol, why EPF wanna dispose this stock so urgent? property price not yet drop wat.

Posted by Miracles > 2020-04-27 13:29 | Report Abuse

Dunno. But price still holding well even though epf keep disposing

Posted by Miracles > 2020-04-27 13:31 | Report Abuse

Epf need prepare money for monthly withdraw rm500

Posted by Miracles > 2020-04-27 13:31 | Report Abuse

Should i jump in now?._. This epf makes me feel bad.

Posted by Miracles > 2020-04-27 13:34 | Report Abuse

Have been eyeing this counter since 0.69

Posted by Jonathan Keung > 2020-04-27 13:36 | Report Abuse

Epf is a substantial shareholder. Why are they selling at a loss?

Posted by Miracles > 2020-04-27 13:43 | Report Abuse

Can this counter fly once epf selling pressure is over?

Posted by giwoge9114 > 2020-04-27 13:47 | Report Abuse

Of course they will maintain the share price. If the price lower day by day, how EPF maintain their selling price?!

Posted by giwoge9114 > 2020-04-27 13:59 | Report Abuse

没错的话，庄家在一边稳定股价，一边出货。