wow limit up, long time no see limit up already

wah so strong

@TheContrarian government dont print money lah they issue bond to the central bank AKA borrow money, the central bank is the 1 who print money.

rr88 the clown talking all kind of bullshit then delete all his post, what a good clown, anyone who believe him is a total idi0t.

Speculations is what that is driving the stock market, without speculations the stock market dies.

wow alex is back after 2 years

wow finally

very strong gogogo

if you listen to that clown rr88 prediction of 16 sen and panic sell then you will cry now

long green candle gogogo!!!

gogogo !!!

open gap up

i told you from the beginning dont take the death jab (vaccine) you don't believe.

so strong rm 3.5 coming

you just realize malaysia has a 2 tier justice system ? lol

where is that clown rr88 ?

government needs to bailout everyone lol

keep going up like this can reach rm 5

where is the idi0t rr88 who said the price has peaked ?

wow limit up gogogo!!!

wow!

wow!

this is a good ipo

it is funny how people still believe this rr88 fellow

gogogo ?

malaysia is a joke country mah

equity market depends on the market makers, if they want it to go up they will push it up

society poisoned the minds of children, what can we do ?

Malaysian wont boycott their politician because they worshipped them.

hidden hands is one part of the problem, the other part of the problem is the people so eager to fight in the name of religion.

seriously, how long would it takes for the people to understand that politician and politics are destroying the country, economy and the people's lives systematically.

if they wish to find fault, they will find one, nothing you can do about it, apologise or not.

wow ytlp power going higher and higher where is that idi0t rr88 ?

MY E.G. Services
Remains underappreciated
■ We raise our EPS estimates following our conversation with management as
revenues from blockchain should grow with wider adoption of its applications.
■ Related development expenditure should fall as MyEG looks for greater
monetisation, which should bring down gearing levels and improve FCF.
■ Reiterate Add with a higher TP of RM1.15. Valuation at 11.8x FY24F P/E fully
reflects policy risks, in our opinion, but ignores EPS upside from other areas.
Blockchain revenue mix to continue to rise
We raise our FY24-25F EPS by 5-7% and introduce FY26F estimates, following our
conversation with the management. We raise FY24-25F revenue contribution from
blockchain but lower transportation revenues given the rapid market share decline for its
renewal services. We estimate that MyEG generated c.RM90m in total revenues (12%
revenue mix) from its blockchain segment in FY23, with majority anchored by Zetrix token
sales. Going into FY24F, we expect this to rise to RM143m, forming 18% of total revenue.
We understand that management aims to issue c.1m Zetrix tokens per quarter through the
two exchanges that the token is listed on. Management also guided that Malaysia-China
ZTrade (a blockchain-based cross-border customs trade solution) could go live in May
2024, coinciding with the 50th anniversary of Malaysia-China diplomatic relations. This
development is a key milestone that comes ahead of other governments’ efforts, i.e. the
Philippines and Indonesia are also looking to onboard the platform. Additionally, we expect
the group’s development cost to fall to c.RM150m in FY24F from c.RM460m in each of
FY22-23 as the current platform reaches operational readiness, likely leading to FCF
improvement and lower gearing level from 22% in FY23 to 10% in FY24F.
Immigration segment should still fare well in FY24F
We believe the immigration segment could continue to benefit from vibrant foreign worker
hiring activities in FY24F. The Malaysian government has set 31 May 2024 as the deadline
for employers to bring in foreign workers in the formal sector, with the aim to reach c.2.5m
total registered workers by mid-2024F, from 2.13m as of Feb 2024. This should expedite
further sourcing of foreign workers by employers with hiring quota, which we believe will
benefit MyEG’s permit renewal and job matching businesses and cushion the ongoing
decline in transportation segment revenue due to digitalisation of Road Transport
Department services, which has dented MyEG’s legacy renewal services.
Maintain Add; raise TP to RM1.15
We maintain our Add call on MyEG with a higher GGM-derived TP of RM1.15 (we lift our
sustainable ROE from 18.2% to 18.8%) due to its attractive valuation (11.8x FY24F P/E,
at close to 1 s.d. below its post-General Election 14 average of 16.2x) and potential EPS
upside from its blockchain business. Key downside risks are non-extension of its current
concession services, loss of market share in ancillary businesses, and new blockchain
solutions failing to materialise. Potential re-rating catalysts are sustained strong blockchain
sales and award of new concession services from both local and foreign governments.

heng ong huat ah !!!

yeah we must stop all these nonsense or else later will have religious wars.

if everyone bad mouth bursa how is bursa going to go up ?

politician class is the parasite class mah

everything is a joke in malaysia

all talk only

dlady is now d-rocket

rm 4 where is that idi0t rr88 ?

long green candle buy buy buy!

buy buy buy!

wow nice pump

d lady going back to rm 60 ?

@sslee yes correct, its time for "QE for the people".

we dont know what hidden hands are doing, we can only pray nothing bad comes from it.

politicians famous for promising A talking B and doing C.

i have said it many times best to put out the fire asap or else it will burn everything eventually.