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MyEG An Ironic Break

This update on MyEG (0138) yesterday by CIMB is worth a lot more than just a what-if impact on bottom lines. It will 'once and for all' lay to rest the debate of whether MyEG is really a crony stock as far as the new Government is concerned and is to be treated like one.  If MyEG's proposal to provide an online registration of foreign workers is...

DRBHcom Stay Cool

Motor stocks reacted swiftly albeit with mixed results to the unexpected speed bump laid down by the PM when he spoke of a national car for Malaysia during his current visit to Japan.  The swoon in DRBHicom (1619) yesterday opens up a trading opportunity - if it dips below RM1.70 that would be a really good price range to take a position. Even ...

Phase 2 of First 100-Days

As I said yesterday about the turnover to the second phase ... the feel goods ..... splashed in the papers this morning. Last week and before was about reacting in shock to discovery of all things bad to put it mildly. Negative surprises are never good for stocks and prices. Tendency to overshoot with extrapolating worse worse case scenarios and...

Hartalega Starts Selling Its Antimicrobial Gloves

Here it is. Finally, the European launch event of Hartalega's world's first antimicrobial gloves in London a few days ago.  So what was the response like? Good or better than expected? I have no doubt that the gloves will sell. The competitive selling price of the glove guarantees that a lot of users/buyers will switch.  Using price as a early ...

AirAsia Is It Oversold?

Talk of turbulence. AirAsia (5099) have found itself flying into a couple of nasty ones in just the past month with the latest buffet happening right in India.   After the foolish election stunt painting AirAsia blue and now with investigations in India, I see this nice reminder of the upside potential in AirAsia. Big data. A subject that Tony...

Market A Plan B Please

With the emergence of economic and financial headwinds in equity markets, some expected some not, this catchy headline news in the WSJ adds another knot to the pressure on the local stock market sentiment. This has been a pretty bad week with the local barometer falling 4.4 percent as at yesterday. The foreign boys are on a mass exodus spooked ...

MyEG Selling Pressure Continues To Ease

Here are a couple of points to take note of if you are watching MyEG (0138) because of the more than 65% collapse in its price.  First, EPF entered the market to buy MyEG on 16th last Wednesday when it was in limit down mode. I guess it was the psychology of a 'cheap' second limit that tipped the FM's decision to buy. Conviction that it was a go...

MyEG Yes Give Me A Rebound

I guess today is when MyEG (0138) bulls get to whip the bears. Basis? The IR troopers are in town with this media cupcake. I reckon there will be another one or two this weekend and going into next week. Remember even sellers with some more stocks to unload will welcome this relief as it does offer higher exit prices. No necessity to get even an...

MyEG A Classic Falling Knife Trade

MyEG (0138) - enough said - the opinions, the downgrades and lowered target prices, the CEO's frank interview, the uncertainties etc etc - this is the time for action. As a trader, that is.With 478m shares churned, bought or sold, contra, intraday today, clearly a lot of investors think so too. It is dee action stock. My view - keeping it simple...

AirAsia Let's Be Honest

These days, post-GE14, you can throw the proverbial stone and know for sure it will easily hit the heads of what I call newly minted Saints. I mean the hundreds if not millions of people who have overnight become brazen champions of rights and wrongs. So make sure you say the right thing if you do not want to get a ear-grilling from your mates. ...