Aside mis interpretation between zetrix (independent listed cyrtocompany) and myeg (major shareholder for zetrix), many have also misconception on call warrant. Many IB issue call warrant, but many in fact didn't issue at all to public or issue only small fraction of intended call warrant. Call warrant issuance is NOT IPO, no underwriting...... Therefore, even call warrant near expire or in money, the degree of real impact on IB is actually base on real total number of its call warrant issue to general public during its entire lifespan period.

EPF, KWP ae active in trading myeg buy/sell in block deter myeg momentum movement. But, The real impact on zetrix contribution to myeg profitability will surface once next Q result release soon.

Based on Myeg last Q4 result, it hold about 13 million zetrix coin worth RM 300m (USD 5 / coin based on IEO issue price). Soley based on these 13 million zetrix coin alone, myeg stand on huge paper gain RM 1.11 billion or cash per share 15sen/share. Up to 250m zetrix coin will allocate to myeg in accord to vesting period on every 6 month till 3.5 year. But, Myeg will continue hold substantial stake in zetrix as future is highly promising if ztrade keep expand from Malaysia, to Asean and all RCEP countries.

Many seem confuse about zetrix and myeg.......... Zetrix is standalone cytocompany and it is just listed recently. Myeg on the other hand is founder, developer and major shareholder of zetrix.

Myeg entitle allocation up to 250m zetrix coin or 25% of zetrix intial coin to be issue. These 250m zetrix coin will be despatched to myeg within 3.5 year vesting period. Myeg will only staggering sell some of these zetrix coin. Myeg will still retain majority stake of its zetrix coin.

Zetrix aside allocation coin to founder and developer myeg, it will also sell coin to public purchaser in open market, allocate coin in accord to its blockchain platform network activity and validator nodes. Based on increasing demand of its blockchain platform for various network activity, such as Ztrade, z wallet, verifiable credential platform, staking platform etc, zetrix can increase coin issurannce up to maximum 2.1 billion coin in future.

Currently, the amount zetrix coin circulate 144m (alike stock issue capital), and these coin circulate is increasing everyday in accord to network activities, validator node, tranche allocation to developer, tranche allocation to management team, selling coin to public purchase etc (it is alike stock issue additional share through tranche of private placement, loan stock conversion, esos, share grant etc to enlarge stock share base as long as before hot maximum share lot issuance )

heading to breakout RM 1.00 resistance level soon

It is matter of battle between oversea fund vs. local EPF/KWP

Compared between PBA and RANHILL, PBA strategy is more focus on capex increase water treatment plant capacity to increase treated water supply to meet ever increasing Penang water consumption. Many penang land are consider heritage area, therefore, limit opex on pipe replacement effort.

On the other hand, RANHILL strategy is more focus on opex to aggressively pipe replacement, incur very high cost to meet targeted non revenue water%.

Dragon328
I expect much higher revenue increase than RM 100m as Penang water consumption just surge new high recently, and higher water consumption is at higher traffic band category at RM 2.07 per m3 which is increase RM1.37 per m3 hike compared to lower band category 50sen per m3 hike.

Increase revenue through traffic hike is direct increase profit earning. The surge in profit allow higher capital to fund capex such as increase water treatment capacity, built new water treatment plant to meet increase water demand which is expect to leap up by another 30% by 2030. The surge in water demand in turn increase higher revenue to PBA. It's win win cycle to generate additional positive cash flow. Of course new and additional water treatment assets subject to annual depreciation review

Note that Ztrade is one of the services to be launched on Zetrix and management guided that it could earn a fixed submission fee of RMB200 for each Certificate of Origin (CO) issued to facilitate the shipments to China through Ztrade. Hence, this could potentially generate additional revenue of around RM250mn per annum, considering close to 2mn of annual shipments from Malaysia to China alone, as per management guidance.

One Malaysia alone could potential reap revenue RM 250m, If Ztrade widely adpot to all Asean counties and further cover all RCEP countries, tremendous revenue recognition will boost myeg earning base significantly

Ztrade is now undergoing final administration formalities prior to the official launch in 2QFY24 likely in conjunction with welcoming Chinese Premier Li Qiang to Malaysia as countries mark 50 years of bilateral ties. Stay tune

Indonesia is available by these year 2024. Others on track to be ready by 2025 before Ztrade become mandatory for all export goods to china

Malaysia prepares to welcome Chinese Premier Li Qiang as countries mark 50 years of bilateral ties. MYEG’s Ztrade, which streamlines the export of goods to China and is slated for official launch in 2QFY24.It could mark commencement MYEG ZTrade cross border trade between China and Malaysia. This follows the agreement of the e-government service provider with China Customs’
wholly owned agency East Logistic-Link to jointly provide a full suite of cross-border trade facilitation services that include certificates of origin on the Zetrix blockchain platform

https://www.chinapress.com.my/20240502/%e5%80%aa%e5%8f%af%e6%95%8f%ef%bc%9a%e6%9c%9f%e5%be%85%e6%9d%8e%e5%bc%ba%e8%ae%bf%e9%a9%ac-%e5%ae%a3%e5%b8%83%e4%ba%88%e5%a4%a7%e9%a9%ac30%e5%a4%a9%e5%85%8d%e7%ad%be/

These additional RM 146.8 m pa due to domestic water traffic is to

1. Decrease water subsidy significantly
2. Opex - To cope higher operation cost such as pipe replacement
3. Capex - To fund expansion capacity on exiting water treatment capacity and to built new water treatment plant

Remark: The amount spend on Capex will NOT affect PBA profit margin, therefore, all water traffic hike will direct positive to bottom-line, increase profit margin directly. The profit earn then channel to fund capacity assets and built additional water treatment plant which will record as additional new assets to PBA.

Only amount spend on opex such as pipe replacement will affect PBA profit margin, the higher rate of old pipe replacement to new pipe translate directly to increase operation cost, therefore decrease profit margin from above water traffic hike

Based on PBA latest annual report, PBA bear subsidy RM 115.2m for Penang domestic water user. Management expect to decrease these subsidy significantly following 1 Feb water traffic hike.

There are total 593,255 domestic account and 461,350 consume < 35m3, while balance 131,905 consume > 35m3
Based on new water traffic,
1. domestic account water consumption < 35m3 charge 86sen, is 50sen hike per m3
Water bill increase 50sen x 35m3 = hike RM 17.5/account
Total domestic account 461,350 x RM 17.5 = RM 8.07 million/month

2. domestic account water consumption > 35m3 charge RM 2.07, is RM 1.39 hike per m3
Water bill increase 50sen x first 35m3 = hike RM 17.5/account
Water bill increase RM 1.39 x (35m3 - 45m3)= hike RM 13.9/account
Total domestic account 131,905 x (RM 17.6 + RM 13.9) = RM 4.15 million/month

In total water traffic hike impact RM 8.07 + RM 4.15 = RM 12.22 million per month or Quarterly hike RM 36.7 million or Hike RM 146.8m pa

Remark: To arrive above calculation，
1. assumption is make for maximum consumption up to 35m3 for those consume categori <35m3, by assume all consume 35m3
2. assumption is made for minimum consumption above 35m3 for those consume categori > 35m3 by assume all consume additional 10m3
3. assumption is made to exclude domestic bulk meter whom stay in high rise apartment in which bulk meter water traffic hike flat rate at 35sen m3 have increase significantly to charge flat rate RM 1.73 m3 (its massive hike RM 1.38 per m3)

Myeg new service, e testing, JPJ computerised test (KPP) Part 1
https://www.myeg.com.my/jpj-test-site

Myeg should make bursa announcement on full commercial launch of e testing to commence from April 2024 instead of announce it through latest annual report release today (annual report part 3, page 49)

the Group commenced the pilot phase of the MYEG Drive Testing System (“ MYDTS”) and following its successful implementation, JPJ subsequently gave the green light for the full commercial launch of automated driving tests, or e-Testing, to commence from April 2024. - - - - myeg latest annual report

remark: You all can see now under 星火国际 website https://bitfactory.cn/ Malaysia now is in pioneer status, myeg through zetrix is sole oversea platform link to China for incoming mandatory cross border trading using web3 b;ockchain technology which will likely commence by 31 May 2024 in conjunction to 50th China-Malaysia anniversary.

China 星火国际 https://bitfactory.cn/

推动“星火·链网”国际建设 服务跨境贸易高质量发展
海峡导报社
2024-04-22 22:28
海峡导报·4月22日讯（记者 黄奕琳 通讯员 苗亚辉）4月18日—19日，由中国信息通信研究院（以下简称“中国信通院”）主办的2024星火生态大会在厦门举办。作为大会的重要论坛， 4月18日下午，“星火国际ASTRON生态发展研讨会”在大会期间召开。研讨会为推动“星火·链网"国际ASTRON建设，打造星火跨境数据服务网络，围绕跨境贸易、双碳、跨境数据流动、DID与Web3等议题开展分享与研讨。

会上，作为“星火·链网”首个国际超级节点建设商，布比科技分享了企业在跨境贸易领域的探索与实践。据了解，“星火·链网”国际超级节点（马来西亚）是“星火·链网”的首个国际超级节点，由布比科技与MYEG集团共同合作建设和运营的，该节点借助布比科技先进的隐私保护和跨链技术，实现了国际超级节点（马来西亚）和星火·链网的打通，为中马之间商品追溯、身份验证、供应链金融等跨境贸易应用场景赋能。

“此前，两边海关的数据不相通，各国有各国的海关系统，现在利用区块链可以把两国的系统变成一本账，包括原产地证书，检验检疫等，极大地提高了两国贸易的通关效率”，布比科技产融业务负责人郭文静在采访中表示，布比科技利用区块链技术解决了跨境贸易场景中的实际问题。

当天研讨会上，中国信通院还与蒙古Mobicom集团、布比科技正式签订“星火·链网”国际（ASTRON）战略合作协议，将共同推进星火·链网国际超级节点在蒙古国的建设和本地化发展。

据悉，布比科技成立于2015年，是一家专注于区块链技术及产业场景应用的创新驱动型科技公司，也是国家级区块链新型基础设施“星火·链网”核心的骨干节点建设商和生态合作伙伴，过去两年上线及通过评审节点近20个，包含内蒙古包头、长沙经开区、重庆九龙坡等，覆盖众多应用场景。

sold at 75-75.5sen

cut at 45sen

sold at 1.42-1.43

added more mye at 91sen

added more at 1.88-1.98

sold at 2.40-2.42

sold at 68.5sen

sold at 1.07

Hahaha, if true, hong Kong fund indeed may emerge as myeg substantial shareholder later as through myeg, Hong Kong fund can capitalise on myeg huge 250m zetrix ownership value :D)

Take note, up till today, not a single research had ever highlight what is True value for myeg 250m ownership in zetrix coin value.......

The upcoming myeg profit is dependent on how many zetrix coin and at how much zetrix pricr myeg monetize from its exiting ownership.

It is not too late to highlight now again

Zetrix is not old news, it is 1 million coin at USD 5 on Oct 2023 vs. Latest 142 million coin at USD 18.5 on April 2024. Zetrix is ongoing happening each day at least before all initial 1 billion coin completed issurnance or maximum 2.1 billion issuance later. Therefore, each day, zetrix market capital is fluctuating and affecting myeg profit earning from its ownership 250m coin allocation and degree of myeg staggering monetization on zetrix stake at what price and at what unit zetrix coin each day.

MYEG last Q result only manage to record 1 million zetrix coin from IEO at USD 5, therefore,upcoming Q result will be interesting to see how many myeg monetize zetrix coin and at how much market price which impact greatly on myeg profit. These impact is long long lasting as myeg own 250m zetrix coin in total and also get reward additional zetrix coin through validator nodes

Take note, myeg will not sell all it's 250m coin allocations to reap one off profit even after 3.5 year vesting period. Myeg likely will retain significant stake in zetrix ownership. These is because aside selling outright it's stake, myeg do rewarded on daily basis as validator nodes for zetrix maintenance and network activity.

Zetrix coin price will be influenced by maiden upcoming cross border trade to begin next month in conjunction to China - Malaysia anniversary celebrations. Zetrix coin real world functionality is greatly enhance if more and more countries adpot zetrix blockchain platform for cross border trading activities

However, if PBA do aggressively pipe replacement, higher cost will incur to offset partly upcoming windfall profit.

Aside myeg as founder and developer get allocation 250m coin entitlement, on daily basis, myeg also get reward zetrix coin from daily validator nodes maintenance and reward zetrix coin base on network activities across zetrix blockchain platform such as upcoming cross border trading activities etc

However, not all 250m if sell at USD 18.5 translate into net profit. Myeg do incur cost to develop zetrix blockchain infrastructure

Yes, based on zetrix white paper, myeg allocation is 250m coin with 3.5 year vesting period.

According to feedback, the water charges of many families have increased as much as 100% and some even claim to be more than 150 %

Based on last Q result, PBA water revenue is RM 94.8m, therefore, estimate PBA future water revenue will surge at least 1 fold higher and most of revenue hike translate direct to bottomline after deduct tax

Under the new rates, the first 20 cubic meters is at 62 sen (up 182 per cent from 22 sen), from 20 cubic metres to 35 cubic metres the rate is at RM1.17 (up 154 per cent from 46 sen) and for the third band of more than 35 cubic metres, the rate is RM2.07 (up 204 per cent from 68 sen).

Penang water bill show PBA will reap minimum additional RM 10 hike for those minimum water usage and much more higher for those use more water.

Penang consumer’s water bill, which he said used to be RM7.70 at every bill cycle has now gone up to RM17.36 under the new rates with the same water usage

For a household that used to pay around RM47 every bi-monthly, the bill went up to RM126 under the new rates for around the same water usage

Based on myeg last Q result, myeg have initial record RM300m worth of zetrix coin (under digital assets)

Based on zetrix ownership structure

10% zetrix coin is available for public to purchase
25% zetrix is allocate to myeg
20% zetrix is allocate to zetrix team
15% zetrix is allocate as zetrix community incentive
30% zetrix is allocate to zetrix ecosystem fund to support blockchain

Also take note, myeg initial allocation 250m zetrix coin have 3.5year vesting period

Myeg as zetrix founder entitle 250m coin allocation. But, myeg allocation will increase if zetrix coin enlarge coin issuance from 1 bil to maximim 2.1 billion coin later. The initial allocation 250m coin is to allow myeg for fundraising purpose ad setup of validator nodes