Highlights
KLSE: MYEG (0138)       MY E.G.SERVICES BHD MAIN : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.765   -0.03 (3.77%)  0.74 - 0.825  106,390,100
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Overview

Market Cap: 2,759 Million
NOSH: 3,606 Million
Avg Volume (4 weeks):89,166,337
4 Weeks Range:0.73 - 2.67
4 Weeks Price Volatility (%):
1.80%
52 Weeks Range:0.73 - 3.03
52 Weeks Price Volatility (%):
1.52%
Average Price Target: 1.80
Price Target Upside/Downside: +1.035

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2017 [#2]  |  27-Feb-2018
Next QR | Est. Ann. Date: 31-Mar-2018  |  30-May-2018
T4Q P/E | EY: 12.25  |  8.16%
T4Q DY | Payout %: 2.22%  |  27.22%
T4Q NAPS | P/NAPS: 0.1845  |  4.15
T4Q NP Margin | ROE: 54.17%  |  33.85%

Headlines

Date Subject
18-May-2018 [转贴] 為GST耗逾億 MYEG要向政府索賠
18-May-2018 MyEG boss states case for new govt to continue using company’s services
18-May-2018 UOB Kay Hian Research upgrades MyEG to Buy on weakness
18-May-2018 Selling may be over for MyEG, George Kent
17-May-2018 MYEG - Will Still Do Well With Pakatan Harapan Government
17-May-2018 MyEG downgraded to underperform at Credit Suisse
17-May-2018 MYEG Q&A with CEO Removed - See Why
17-May-2018 MYEG 會跌到多少?
16-May-2018 Bursa freezes lower limit for George Kent, My EG
15-May-2018 下跌股:MyEGRM1.80支撑
14-May-2018 Mplus Market Pulse - 14 May 2018
12-May-2018 MYEG @ 12th May 2018 - oldfriendsinvesting
16-Apr-2018 大选概念股‧选战之前抢先机
13-Apr-2018 MYEG – Spreading Its Wings
10-Apr-2018 下跌股:MyEGRM2.47支撑
05-Apr-2018 Technical Sell: MYEG (0138)
04-Apr-2018 PublicInvest Research Headlines - 4 Apr 2018
04-Apr-2018 Mplus Market Pulse - 04 Apr 2018
29-Mar-2018 Daily Technical Highlights – (HAIO, MYEG)
24-Mar-2018 GE14 Special Report Week 7 - MYEG Services Berhad

Business Background

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is primarily engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers’ licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. The company also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services.
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  18 people like this.
 
Darkoda The is the objective and approach of the new government now... clean up direct contracts and crony companies. Not to say MYEG's contract confirm cancelled but there's a risk this will happen to MYEG by the Transport, Home and Human Resources Ministry.

CLAUSES IN DBKL PARKING CONTRACT BEING SCRUTINISED

Saturday, 26 May 2018

https://www.thestar.com.my/metro/metro-news/2018/05/26/clauses-in-dbkl-parking-contract-being-scrutinised/

"THE contents of the parking contract between Kuala Lumpur City Hall (DBKL) and Yayasan Wilayah Persekutuan (YWP) is being scrutinised by Kepong MP Lim Lip Eng and his team to ensure it is in the best interest of the people.

Particular attention will be focussed on the clauses in the agreement which they claim have discrepancies.

Oon and Teoh also questioned why YWP should receive 5% of the parking revenue when daily operations were carried out by VS and not the foundation.

Oon pointed out that DBKL should approach VS directly instead of going through YWP as a middleman, since it was revealed that DBKL had identified the required specifications for an efficient parking management system."
26/05/2018 21:40
steve_usa My gut feeling that Myeg will trading around 0.605 - 0.785 for the next 2 weeks if EPF and KWP keep disposing it's shares in the open market.
26/05/2018 23:44
steve_usa Since PH taken over the New government on 9/5, the smartest shareholder's KWP has disposed 109,492,700 myeg shares as compared to not so quick to react on the situation is EPF who disposed only 26,139,195 myeg shares! Will EPF react promptly from 28/5 onwards? That is going to be very exciting to watch who run faster, is it EPF or KWP run much faster again?
27/05/2018 00:33
Darkoda There’s been a lot of “good” and “positive” news on MYEG by retailers and analyst alike. Well, I shall be the devil’s advocate then. Here are my views on MYEG. Do take it with a pinch of salt. Please research and do your own due diligence before buying or selling your stock. It’s important to take both pros and cons of a company in order to arrive at a right investment decision.
27/05/2018 04:23
Darkoda (1) UOB Kay Hian:

I have read a few of their previous reports on MYEG and I find it very disturbing. It's highly likely that they have shares in MYEG? They kept singing praises over and over again but little on the risks and disadvantages of this company, especially recent ones. This is confirmation bias. They only select positive news because they want to believe this company is good. They are also quick to defend MYEG when it's in trouble with rumours. This is not their job. They are analysts who owe a duty to retail or institutional investors to provide fair and proper facts only. Not as a spokesperson and cheerleader for MYEG and ask people to buy.
27/05/2018 04:23
Darkoda (2) New JPJ contract:

This was informed to us by UOB Kay Hian in an article. Are they trying to push up MYEG's stock price? How do they know this in the first place? Why tell us now when the price has plummeted? Isn't this insider information already? If MYEG has a new contract, shouldn't the Directors announce it through the proper channel in Bursa Malaysia so that everyone has equal opportunity and access on the same source and information?

Do take note that Tun M, Anthony Loke and Lim Lip Eng are slowly abolishing crony companies and practices. SPAD dissolved, NGOs can no longer sell number plates, 17,000 staff laid off and DBKL parking contract is currently being reviewed. We know where this is going. Their new JPJ contract was offered by the previous BN government. So we are unsure if this will continue under the new PH government's policy.
27/05/2018 04:29
Darkoda (3) Heavy selling by EPF + KWAP and none buying by Directors:

Let's face the truth here. EPF + KWAP have been selling tens of millions of MYEG shares. EPF has ceased to be a substantial shareholder already. Institutional investors like them surely have information and done research before making any buying and selling decisions. They even understand more about the company than us.

Everyone knows TS Wong is a billionaire. He bought more than 20 million shares on his own name. This amount is nothing to him. It's just a show of support. If he truly believes MYEG is undervalued and can continue to work with the new government, he will immediately buy even more with his own money, not using the company's.

If it's me, I will have thrown in a bulk of my wealth because I know investing in my own company will definitely double or triple my net worth in no time once everything is clear. Moreover, only TS Wong and the Chairman bought small amount of shares. The other Directors don't even dare to touch. This shows there's no consensus and support in their own company. Insider dealing is only significant when two or more Directors bought substantial shares on a consistent basis.
27/05/2018 04:30
Depeche Clearly... the stock split is a last resort to stir investors interest...cos isn't 0.80 and below affordable enough for retail investors?? Best to avoid for now till the view ahead is clearer.
27/05/2018 04:56
Jeffreyteck Profit margin above 50%, where on earth has this luxury business? That shows how much government had paid unnecessary using the Rakyat $. TP 40.
27/05/2018 06:00
invest_101 Cheap is a misnomer and always remember that equity investing is forward looking and past earnings is no indication of the future, especially for this coy due to changed circumstances.
27/05/2018 06:32
Pavillion Some analysts bias and some get kickback.
27/05/2018 07:00
Pavillion Access, not analysis. A Wall Street Journal report earlier this year revealed that the true value many of these analysts provide for their firms is not their ability to predict where a stock is headed in the future. Instead, their true value comes from providing investors access to the high-level executives working for the companies analysts covers.
27/05/2018 07:00
HOLLAN5222 not income from CAR PLATE profit will reduce .Next will be foreign worker.
27/05/2018 09:21
Striker90 Hahaha
27/05/2018 10:36
bennyloke Myeg has msc status until 2021, doesn't need to pay any income tax until then and with low operational cost, it explains the high net margin of ~50%. In fact, if you don't want to use myeg services, you can go queue, deal with all the paper works or find a third party, despite all these, growth continues to be healthy. I agree that the margin will be compressed but continual volume growth will offset it so the overall impact may be minimal and short termed.

On whether this is a crony company, I have no comment, so far it's been based on speculation and most are not proven, what I see is that myeg has a strong track records of 17 years and a steady awards of government contracts. Who can justify the cost PH government has to bear if it takes back all e-services, furthermore providing it free to the people?

I am not forecasting how low the stock price will go in next 1-2 months but the lower it is, the more appealing the investment opportunity.
27/05/2018 10:38
traderman bennyloke problem with myeg now are most fund refuse to wait.. even kwsp or kwap already disposed all. you only can buy myeg if you have deep wallet to keep average down as no one can predict bottom
27/05/2018 10:43
KML889 It will be slammed straight to ground next week if QR doesn't meet market's expectations. Sigh...nothing else can be done only but watch.
27/05/2018 11:13
Bull cut lost and change to wct

https://klse.i3investor.com/blogs/hleresearch/158130.jsp
27/05/2018 11:57
Alex™ Tmr prepare buy... Wait volume down first...
27/05/2018 12:44
Verndetta Based on the fiscal deficit we are facing, sorry to say that most of the "extra" expenditure shall be cut directly and handled by new government themselves. Either MYEG gets cut our or forced to reduce margin drastically. No matter what it is, this is definitely a lose situation for MYEG. As matter of fact, with EPF disposed so much publicly, this is end of MYEG at least for this year.
27/05/2018 13:06
lsv1977final This counter really out already.
27/05/2018 13:06
relaks PLC in Msia very dependent on gomen, ya... macam gomen la only source of income in this world. Hidup mati bergantung kontrak kerajaan. How can macam tu? No wonder banyak sangat Korupsi!

“According to Transparency International Malaysia (TIM), corruption had cost the country about 4% of its gross domestic product (GDP) value each year since 2013.
Added together, this amounts to a very high figure of some RM212.3bil since 2013.”
Read more at https://www.thestar.com.my/business/business-news/2018/05/26/tim-corruption-has-cost-the-country-4-of-gdp-value-annually/#SCPCwLWGvCRC2v5U.99
27/05/2018 13:25
relaks I think its better gomen punya benda semua bagi balik gomen. Tak usah outsource luar portal kerajaan. Bukan rocket science e payment counter macam ni. Even PERKESO finally dapat buat FPX utk EIS. Sambung dgn bank je...
27/05/2018 13:30
SpicyMcDeluxe Practice the habit of clearing portfolio before every election please, if you all would have won’t be speculationg so much on any gov linked counters from the previous regime
27/05/2018 13:42
relaks Gomen punya portal, checking semua free. Swasta punya, semua kena bayar. Lagi pun why our private data dikumpul oleh 3rd party bukan gomen. Ingat tak kita ada Data Privacy Act di Msia?
27/05/2018 13:45
bennyloke Looks like people really hate myeg so much, or the previous government. Herd mentality sometimes wins, it may go down another 80% from current price, better sell all your holdings on Monday.
27/05/2018 14:02
emil MYEG legs are shaking....about to collapse soon!!
27/05/2018 14:06
relaks Not hate MyEg. 17 yrs ago mungkin portal ni very useful sbb gov tak pandai IT lagi. But now, it has outlived its usefulness. Gomen just need to sambung dgn bank.

Tentang Tax exempt for MSC status it’s 5yrs +5 yrs. So max 10 yrs tax free. So klau dah 17 thn ini co, dan dah guna semua 10 thn tu, kena bayar tax kut... As for MSC status, it’s for life of the corp.entity. Separate issue with tax exempt or not. Tak percaya, feel free to check with MDec or LHDN.

Posted by bennyloke > May 27, 2018 10:38 AM Myeg has msc status until 2021, doesn't need to pay any income tax until then| Report Abuse
27/05/2018 14:32
bennyloke Thanks relaks for clarifying, I may have understood wrongly but the information is from quarter reports section B5. A direct linkage of government system to the banks will be of best interest to all Malaysians but it takes time, collaboration and know-how. I am happy to see PH government invest heavily in this aspect, a system good enough to replace MYEG's.
27/05/2018 14:56
FaizalAziz bought @0.75
this week QR is out..slated to be good or maintain. then i will sell and stay sideway for trading in n out
27/05/2018 15:02
一針見血 NTA=0.185,if without any contract,no value for this company
27/05/2018 15:11
bennyloke Please take note that NTA alone shouldn't be used to evaluate a company, any business, without any contract, is of no value.
27/05/2018 15:17
UnicornP Now I know why MYEG so dead. Because most of its directors are linked with UMNO.
27/05/2018 15:22
steve_usa UnicornP, you are right as it's 100% closely link with UMNO. Watch out for tomorrow open, see KWP or EPF throw faster? Don't look at current attractive low price as it can be much lower than you expected! Be patient....no hurry!
27/05/2018 15:48
FaizalAziz not so easy to kill of people business just like that...and it's branding already established. need few years for other competitor to compete with myeg brands and customer base.
why would one spend hours queing in post officeto renew roadtax where he can just do it online and get it delivered to your doorsteps. myeg branding is strong. well, i dont fall in love with this company. just that...from 2.60 to 0.76, down 3 fold already..and for me..it's time to collect and being realistic..my TP is 1.20 .
27/05/2018 15:52
steve_usa FaizalAziz, it is no longer relevancy to use the coming qrtly report as the share price movement due to sudden change of GE14 resulting new government. Its more relevant to use the qrtly report out in end Nov 18 based on FY July-Sept 2018 instead of next week end May for FYJan-Mar 18 or end Aug for FY April-June 18 results! Don't be mislead by next week quarterly report! Take good care....
27/05/2018 16:33
jennychin MYEG monopoly is as good as game over! Wake up! Give it 1 more year u can see MYEG to fall under PN17.
27/05/2018 16:41
Pavillion What branding? Rakyat force to use the services...if there are more channel/companies...it certainly will benefit rakyat. With so much negativity on Myeg over social media etc...I don't think Harapan politician will support Myeg like how BN pampered them. Better avoid co with bad PR.
27/05/2018 16:43
bennyloke PH government will appreciate the good services and value the business is providing and not blindly abolish or cancel it due to unproven links to the old government. Even some of the big construction projects are not called off immediately but renegotiate. Open tender is good as it will prove/disprove myeg competitiveness in the industry. I believe directors will work out with the new government and get a win-win closing, the recent electronic bidding system from JPJ (new government) is a good start.
27/05/2018 16:45
bennyloke Pavillion, may I know what are the services that can only go through myeg? Thanks.
27/05/2018 16:52
newkid123 Can anyone here please share with us what they think is the " true " market cap of this company now that the rent seeking days are over? Its current valuation is RM3b.
27/05/2018 16:54
freddiehero mayb back to 0.07
27/05/2018 16:57
bear_hunt If PH serious to cut debts by RM 200 billion make 0 payment to MyEg next 5 years as target.
27/05/2018 16:58
relaks eBidding will only be implemented in 2019. JPJ will host ebidding site. PH bukan bodoh.

Also, harap PH will mansuhkan Puspakom ( co cronies BN) . Too many obsolete co, set up just to squeeze money out of rakyat.
27/05/2018 17:26
RainT Confused ....so MYEG is a keep or sell
27/05/2018 17:34
jennychin Confused answered. Sell now or sell at 35sen? U decide.
27/05/2018 17:41
UnicornP But it is really impossible for Malaysia not to hire foreign workers. In fact Malaysia needs MORE foreign workers to go forward..
27/05/2018 17:56
Maurice1688 Remember the reason why you bought myeg at first place, do not simply trust people in forum
27/05/2018 18:04
bennyloke Just posting a fact here, there is no absolute need to go through myeg services, just do it elsewhere and offline. Even if u do it online, government still have all the revenue, you can opt out the additional offers by myeg. How myeg squeeze people money?
27/05/2018 19:12
10154805005656799 https://m.facebook.com/story.php?story_fbid=253626782044874&id=253383738735845
27/05/2018 19:25


 

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