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MyEG Behind The MySST Project?

This will probably confuse a lot of people. It shocked me at first too seeing how little it will cost the Government to develop a brand new SST software system. Instinctively, the first thought is, 'Have MyEG (0138) been overcharging the Government for the GST system all these years?  Before you jump to conclusions, just take note of what was s...

PMetal Making A Point

PMetal (8869) 2Q results is due anytime now. It appears to have a mid August deadline for reporting based on prior years filings.  Ahead of what the 2Q brings, I thought the commentary below is apt and is worth flagging considering that it is something that PMetal's CEO had previously spoken of at the height of the sell down of the stock. https:...

GCB That QR Trade That I Was Talking About

Okay the numbers were not as impressive as JB Food's but still a decent quarter by GCB (5102).   The more than 30% fall in cocoa prices from the peak in May was the main factor for the improved bottom line in the quarter just ended. Moving forward one wonders how long will cocoa prices remain depressed since there is a very high correlation be...

NWP News Too Good To Be True

Finally, vindication of what I said back in September 2016. A no go. A non starter.  http://blog.huskyintel.com/nwp-a-fancy-but-not-solidified-tca Now we have it... final nail in the coffin. Stock fell after that post two years ago - not a surprise given these sort of financials. Stock did a last gasp hurrah a couple of months ago before coll...

Hartalega First Glimpse OF What Awaits Its AMG

I spoke too soon on Hartalega (5168) on Wednesday moaning about the lack of information on its killer antimicrobial glove (AMG) following the release of its quarterly results. This update on its AMG came out in the StarBiz this morning. Some quick comments.  I have highlighted the comments made by its Group MD as these are important cues, for me...

JAKS A Tale Of Two Fears

KYY did a filing last night reporting further sales of JAKS (4723) shares. Maybe he timed it maybe not - but he did report the most recent sale which was on Wednesday 8th I did a quick calculation adding up all the reported filings and came up with a total of 31,842,000 shares sold between 20th July and 8th August by him and his wife. In my last...

AirAsia Onboards Palantir (Metropolis) To Boost Its Data Mining

 Remember this post on AirAsia (5009) back in April?  http://blog.huskyintel.com/why-airasias-big-data-moves-could-run-into-trouble-1 Well, yesterday TF decided to go ahead and sign Palantir as its strategic data science partner. Timing could't be more coincidental given the recent hoo-haa about IRI - International Republican Institute - meddl...

GCB A QR Trade

Trading call on GCB (5102) on the idea of a copy-cat style result. See what JB Foods Ltd delivered yesterday by way of earnings.  https://www.theedgesingapore.com/jb-foods-2q-earnings-surge-fourfold-86-mil-stronger-demand Very decent numbers from GCB in the last 12 months. Can it do a 5 in-a-row sterling QR?   Caveat is the front running and t...

Lay Hong A Margin Call ?

A couple of updates on Lay Hong (9385) this morning. Before that, take a look at this presentation slide that was prepared in January this year. It is a 1H18 earnings performance update.  lay.hong-corporate.presentation-rev19.31.jan.2018.2.pdf In the earlier post on Lay Hong, it was speculated that Norges Bank exited its position in the open ma...

TSLA Musk Claims Some Idiot Offered Him $420/share for Tesla! $420 per share?!

Courtesy of PhilStockWorld That's $72Bn for a car company that had to run production lines in tents to push out 5,000 cars in the last week of July and, aside from the high level of defects reported in the cars that have been delivered, word is that it's taking weeks to get even basic repairs done and MONTHS for replacement body parts to arrive....