Bursa Malaysia Market Update: This Stock Up 159% In 2 Months

Stock Doubles Investors Wealth in 2 Months

This Stock was in Rocket mode from last two month after hitting a low of .655 in July MYEG BERHAD MALAYSIA Dealing In Information Technology Sector. After hitting a Low of .655 in July, MYEG stock on Friday 7th September 2018 was at 1.70 High up 159% In Just 2 months.

If Someone invested RM 10K 2months would have generated a gain of 16K in 2 Months

Here are The Few Fundamental Reasons Which Drove MYEG Up:

MYEG has Presented a proposal for another module related to remote workers and shows this could be a noteworthy income generator for the organization if it’s offered is effective, the note included.

Additionally called attention to that the organization’s past GST Monitoring (GSTM) framework could even now be utilized to track the accumulation of offers and administration impose (SST) progressively.

The research analyst at MULTI MANAGEMENT AND FUTURE SOLUTIONS anticipates that the new government will settle on regardless of whether to utilize the framework given by MYEG in next couple of months.

Joint Ventures business in the Philippines, as per the sources they told operation achieved the break-even point this Financial year and expectations another revenue source over the years for MYEG

(From left) Kris Uttraphan, Chief Executive Officer and Founder of Stampede, and Managing Director of MYEG, Wong Thean Soon

MYEG set up its 40%-owned Philippine JV, I-Pay Commerce Ventures (IPCV), in March 2017 to provide e-government services. This JV provides e-government services for the police, Labour Department and some cities in the Philippines.

In under two years, the Philippines JV is taking care of around 20,000 exchanges day by day. The research house also expects the joint-venture in the Philippines to expand its territory by launching e-government services in Bangladesh by year-end.

CIMB IB raised MYEG earnings per share (EPS) for the financial year 2018 (FY18) forward, to reflect the 15-month financial year since MYEG had changed its financial year from June to September.

As per the financial Data of MYEG, 12 Months profit of MYEG was in line with expectations of analyst. Multi Management Future Solutions Forecast It at 1.92 in the Short-term.

Get 10 Stocks Picks Which can get 30-40% ROI in Short Duration

 

Top 5 High Dividend Yield Stock Malaysia To Invest in September

High Dividend Stocks Malaysia For Investment

Dividend-paying stocks represent companies that are considered financially stable and mature, the stock prices of these companies may steadily increase over time while shareholders enjoy periodic dividend payments a winning growth for investors. A stock dividend is directly proportional to the profit earned by the company.

The FTSE Bursa Malaysia KLSE incorporate the largest 30 companies listed on the Malaysian Main Market. Investors should eyed to high dividend yielding counters with strong earnings growth expect to ride out the current volatility in the stock market.

Multi Management Future Solutions has formulate the list of Bursa Malaysia (KLSE) stocks which is expected to generate the higher dividend yield with good capital gain in September 2018. The stock list has been analyzed by the Multi Management Future Solutions trade analyst team for the optimum interest of the investors who are looking for best return in 2018 by investing in the KLSE stocks.

Here is the list of Malaysia high dividend Stocks, which provide good dividend yield and gain.

1. ARREIT (Amanahraya Real Estate Investment Trust)

ARREIT is a real estate investment trust, which owns a diverse portfolio of real estate properties and real estate related assets, including education, office properties, hotels and factories. Its primary objective is to derive rental income. The company invests in retail, industrial, hotels, education and office sectors.

Market Capital 490.10 m
Trading Volume 15,600
Dividend (Amount) 0.0193
Opening price 0.0855
Current Price 0.0855
Announcement Date 30 Aug 2018
EX Date- 14-Sep 14 Sep 2018

 

2. JOHOTIN (Johore Tin Berhad)

Johore Tin Berhad (JTB) was incorporated in Malaysia on 22nd November 2000 as a public limited company under the Companies Act, 1965. Johore Tin Bhd is principally engaged in the business of investment holding and the provision of management services. JTB is listed on the Main Market of Bursa Malaysia with an issued and fully paid up capital of more than RM250 million.

JTB is principally an investment holding company, whose subsidiaries are primarily involved in the manufacturing of various tins, cans, other containers and printing of tin plates, as well as manufacturing and selling of milk and related dairy products. Currently, JTB Group comprises of five wholly-owned subsidiaries and one subsidiary with 96% owned shareholdings.

Market Capital 296.50m
Trading Volume 1,372,100
Dividend (Amount) RM 0.005
Opening price 0.95
Current Price 0.955
Announcement Date 30 Aug 2018
EX Date- 14-Sep 14 Sep 2018

 

3. HUPSENG (Hup Seng Industries Berhad)

Hup Seng Industries Bhd is a Malaysia -based investment holding company engaged in the business of manufacturing sells, distributes of  biscuits, confectioneries, and other foodstuffs through its different  subsidiaries.

It’s trading division segment markets and distributes biscuits, confectionery, and other foodstuffs. The company offers special cream crackers, cookies, peanut butter sandwich, cream sandwich biscuits, and many more.

Market Capital 848m
Trading Volume 641,300
Dividend (Amount) RM 0.02
Opening price 1.07
Current Price 1.06
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

 

4. RHBBANK (RHB Bank Bhd)

RHB Bank Bhd is a finance service providing group in Malaysia. The group has five main subsidiaries: RHB Bank Berhad, RHB Investment Bank Berhad, RHB Islamic Bank Berhad, RHB Insurance Berhad, and RHB Asset Management Sdn Bhd.

The Company offers commercial and consumer banking, corporate and investment banking, and international banking services. RHB also provides savings accounts, foreign currency accounts, home and travel insurance, and investment planning. The company also provides non-banking products such as general insurance, unit trust management, asset management, and custodian services.

Market Capital 21,654m
Trading Volume 6,870,500
Dividend (Amount) RM 0.075
Opening price 5.3
Current Price 5.4
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

 

5. SIMEPLT (Sime Darby Plantation Bhd)

Sime Darby Plantation Bhd. is an integrated plantation company operated from Malaysia and other neighbour segment. It engage in the development of entire span of palm oil value chain, from upstream to downstream activities, research and development, renewables and agribusiness. It also engages in rubber and sugar cane plantations as well as beef cattle industry.

The company operates through the following segments: Upstream Malaysia, Upstream Indonesia, Upstream Papua New Guinea, Upstream Liberia, Downstream and other operations.

   
Market Capital 36,453m
Trading Volume 6,618,200
Dividend (Amount) RM 0.03
Opening price 5.36
Current Price 5.36
Announcement Date 30 Aug 2018
EX Date- 14-Sep 18 Sep 2018

Source: i3investor

 

Malaysia: Shares Open Moderately Higher on Tuesday

The faintly higher move is going to be seen in Malaysia share prices on this Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 3.02 points, or 0.17 percent to 1784.34.  Volume was 285 million lots worth RM116.9 million. Gainers outnumbered losers 240 to 126.

Top Gainer
Stock Last Change %
FAREAST 13.2 0.7
BAT 34.2 0.44
PETGAS 18.98 0.36
BLDPLNT 7.4 0.34
PMETAL- WC 4.43 0.23

Top Loser
Stock Last Change
AIRPOT 9.45 -0.35
PADINI 5.97 -0.23
HSI-H4F 1.26 -0.13
KHIND 1.73 -0.12
SPB 4.12 -0.1