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MYEG 0138, Can Invest some in this counter ah?
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simplesmile
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 Apr 11 2010, 03:48 AM
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I read that this company is developing some sort of program to track the sales/service tax for pubs and restaurants, am I right? With the latest announcement of GST replacing sales/service tax, will MYEG's development go to waste? Does anybody know?
The reason for govt wanting MYEG to develop the program is to catch those who under declare their sales/service tax. But with GST, these pubs/restaurants should be eagerly declaring their taxes so they can claim back the GST, yes?
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simplesmile
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Apr 11 2010, 01:46 PM
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QUOTE(Aggroboy @ Apr 11 2010, 10:59 AM) It is almost guaranteed that Govt will back their GST products. The big problem is that their bottom line isn't growing as fast as you would expect from a company that's very cozy with the government. But the thing is, GST is different from sales/service tax. In Sales/Service tax, the pubs might underdeclare their revenue and the sales/service tax. That's why there's a need to put in a systems to monitor how much it the revenue or sales. But in GST, it is a self monitoring mechanism. The pubs would will want to declare the full revenue and sales so that they can claim the GST credit. So, maybe then there isn't a need to have a systems to monitor the pubs. |
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simplesmile
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Apr 16 2010, 09:21 PM
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I've been holding this stock for almost a month now. Not much volatility. At such P/E valuation, I'm beginning to wonder if the "rapid growth" in earnings have already been priced into the current stock price.
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simplesmile
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May 3 2010, 08:55 PM
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QUOTE(de.crystal @ May 3 2010, 06:08 PM) what do u think, the sifu? i dont know the price went up to RM0.50 already. is the dividen good? The stock is already ex-dividend. Does anyone know why this counter surge so much today? I almost wanted to queue sell at 0.485. This post has been edited by simplesmile: May 3 2010, 08:56 PM |
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simplesmile
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May 3 2010, 09:52 PM
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QUOTE(Aggroboy @ May 3 2010, 09:31 PM) Probably a random goreng.  There hasn't been any new indication that it is showing the fruits of its close ties with the government, not until the next two QTR reports anyways. What kind of syndiket will goreng this counter? This is not is goreng counter. He's going to get burned. |
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simplesmile
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May 3 2010, 10:08 PM
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I don't know what to buy if I sell MYEG. So I guess I'll be holding on to this stock for some time.
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simplesmile
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May 3 2010, 10:53 PM
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QUOTE(newbie99 @ May 3 2010, 10:44 PM) The last time the price went up so high, above 50 sen, was due to strong recommendation by an online finance blogspot. I see, so the blogger's the shark behind the goreng session la.  |
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simplesmile
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May 4 2010, 08:36 PM
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looks like the party is over ~
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simplesmile
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May 13 2010, 09:23 PM
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QUOTE(newbie99 @ May 13 2010, 03:04 PM) I think 'fried' by some broker... i'm happy that the broker goreng. makes my portfolio look nice. |
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simplesmile
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May 18 2010, 12:34 PM
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QUOTE(myintbiz @ May 14 2010, 12:02 AM) yup.. here's a research report frm PM Sec that fair value is 0.585..  Dear value investors, what are you going to do? Based on the report above, fair value is RM0.585. If you believe the report, then the stock is currently above its fair value. Are you considering selling? I won't. Holding on to this stock until the next financial crisis  Regret didn't buy more. |
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simplesmile
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May 20 2010, 07:25 PM
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QUOTE(hengwoon @ May 20 2010, 02:08 PM) Some news from the edge: KUALA LUMPUR: Goldman Sachs International has emerged as a substantial shareholder in MY E.G. SERVICES BHD [] with a 5.04% stake. A filing with Bursa Malaysia showed that it held 30.3 million shares on May 12. The shares were acquired from the open market, according to the filing on Wednesday, May 19. Cool. Now just wait for Goldman to goreng this counter. |
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simplesmile
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Jun 11 2010, 08:44 PM
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QUOTE(Darkmage12 @ Jun 11 2010, 01:35 PM) with GST kicks in it will be fundamentally strong only if the government don't flip-flop on it's decision. |
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simplesmile
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Jun 21 2010, 06:08 PM
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regret sold during the last correction.
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