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MyEG Nothing Beats Being The Most Infrastructure Ready For SST 2.0

Last month, I said the worse is behind MyEG (0128) in this post  which I ended by saying   Yesterday, when MyEG broked RM1.00 in convincing fashion, I speculated a breakthrough in the impasse over whether it would be broken up as a 'monopoly' or be Business-as-Usual. Most of us like myself only found out this morning why the buying was so firm...

Tek Seng Solar Dust Bowl

A solar dust bowl given time. That was what I kinda predicted for TekSeng (7200) way back in 2016.  One of my better calls - and irony was you didn't have to be a genius to hunch that - signs were-a-plenty back then of the gloomy outlook.   Here is a blast from the past (2015 Annual report) on how genuinely optimistic the Group was. When its ...

MIECO Looks Cheap But ....

MIECO (5001) in my view is sexy as an idea bound to enticing a lot of investors. Its share price performance has been absolutely horrendous YTD. It has fallen more than 52 percent since the beginning of the year. Nearly 68 percent from last October's highs. And almost retraced back to the entry cost of Dato Sri Ng Ah Chai's of 90 sen pre the sub...

AirAsia and CIMB on the Open-House Visits

The wheels of capitalism is once again creaking proving the old adage that you can't really separate business from politics or vice versa. I take the view, a less harsh one at that, all those heated words and damning of the 'economic dogs of cronyism' following PH's victory at GE14 would eventually be forgotten if not forgiven.   I once worked ...

TopGlove Turns Nasty Shreds Love Letter

Top Glove's (7113) suit against Aspion Capital et al is a puzzling one. Citing the irregularities in inventories is one thing but demanding that Aspion repay (literally) RM715m based solely on the interim report by independent auditors it appointed is bizarre.  Based on market chatter, however, here are some interesting details about the deal th...

Tenaga ICPT Intact

Gobind Singh's first reformative policy as the new Minister of Communication and Multimedia was in his words 'double broadband speed at half the price'. The impact on TM et al was immediate and painful albeit we are seeing a recovery of sorts this week for TM. So, will Ms Yeo follow her colleague and give Tenaga a huge electric shock? Will the n...

CIMB In The Crosshair

CIMB Bank (1023) share price is taking a hit and a a bit harder this morning relative to peers. A couple of near term headwinds in its way. You should be aware of the following downwind factors that are driving sentiment south. This first part of this piece below isn't new as it is in public domain since like 3 years ago if I am not mistaken. Ho...

KLCI 1,700 To Be Tested

I have been saying 1,700 is a strong support for the KLCI since April/May. Well, this morning we almost tripped below that.  As I write, it has edged back up to 1,706.16. Is it safe to enter the waters? I feel one should see what happens next week as China will have the chance to move first in this full blown trade war with the US. The upside r...

MyEG Clarity From The HR Minister?

Here is an interesting riddle. Within the context of a bloated civil service, how should one interpret the HR Minister's statement on the redundancy of a parallel government service provider within a government in as far as the services provided by middlemen is concerned? Is he saying that it (middlemen) serves no economic purpose? Or is he sayi...

Market Direction

3 words to describe short term outlook for the market. Raya, World Cup and Summer (Sell in May and Go Away). Since 2014, market fell every year except for 2017 when index went up slightly and moved sideways throughout he summer months. This year we have the diversion of punting monies on football matches. High inverse correlation between stocks ...