Highlights
KLSE: MYEG (0138)       MY E.G.SERVICES BHD MAIN : Technology
Last Price Today's Change   Day's Range   Trading Volume
1.40   -0.01 (0.71%)  1.39 - 1.41  3,681,700
Analyze this stock with MQ Trader system

Overview

Market Cap: 5,049 Million
NOSH: 3,606 Million
Avg Volume (4 weeks):20,464,565
4 Weeks Range:1.24 - 1.46
4 Weeks Price Volatility (%):
72.73%
52 Weeks Range:0.765 - 1.61
52 Weeks Price Volatility (%):
75.15%
Average Price Target: 1.64
Price Target Upside/Downside: +0.24

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2020 [#2]  |  27-Aug-2020
Next QR | Est. Ann. Date: 30-Sep-2020  |  28-Nov-2020
T4Q P/E | EY: 20.07  |  4.98%
T4Q DY | Payout %: 1.73%  |  34.65%
T4Q NAPS | P/NAPS: 0.2189  |  6.40
T4Q NP Margin | ROE: 51.62%  |  31.88%

Headlines

Date Subject
09-Oct-2020 My E.G Services - Online Payment Of Covid-19 Test For Inbound Travellers.
09-Oct-2020 PublicInvest Research Headlines - 9 Oct 2020
09-Oct-2020 Mplus Market Pulse - 9 Oct 2020
05-Oct-2020 【行家论股/视频】MyEG 增新服务激励财测
05-Oct-2020 Stocks On Radar - MyEG Services (0138)
03-Oct-2020 MYEG挑战RM1.48/敏源
02-Oct-2020 Mplus Market Pulse - 2 Oct 2020
26-Sep-2020 [转贴] [Video:浅谈MY E.G.SERVICES BHD, MYEG, 0138] - James的股票投资James Share Investing
11-Sep-2020 [转贴] MYEG 服务 – 2020年线上股东大会 - RH Research
08-Sep-2020 10 things I learned from the 2020 MYEG Services AGM and EGM - Shak Chee Hoi
28-Aug-2020 MYEG Services - Outlook Remains Positive
28-Aug-2020 MyEG - Future Prospect Remains Intact
28-Aug-2020 Mplus Market Pulse - 28 Aug 2020
25-Aug-2020 Daily Technical Highlights - (MYEG, SCICOM)
18-Aug-2020 Strategy - Retail Investor Demographics And Trends
04-Aug-2020 MYEG Services - Positive Development on MYEG Philippines
03-Aug-2020 MYEG 科技决胜千里‧赚钱就是王道
27-Jul-2020 Immigration system to be awarded in Aug – here are 6 frontrunners
21-Jul-2020 MYEG – 前景如何?有没有希望?
20-Jul-2020 【行家论股/视频】MyEG S5上市释放价值

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.
Trade this stock and win a FREE I3investor T-shirt after 5 trades. Find out more.

  55 people like this.
 
jayman https://www.thestar.com.my/business/business-news/2020/10/09/trading-ideas-top-glove-airasia-censof-myeg


MyEG will provide the Ministry of Health an online payment system for inbound travellers to pay for Covid-19 screening and quarantine charges.
10/10/2020 9:24 AM
LiimInvest Post removed. Why?
11/10/2020 8:14 PM
Shadows This is going to be big boost for myeg in short and long term as all countries badly wanted to open up the sky. I like this company for continuous improvement in services and upper hand to win gov project.
12/10/2020 10:33 AM
wallstreetrookie Steady growth
12/10/2020 11:27 AM
BetterNation Myeg have the chance to implement the same online payment system for Philippine for Covid-19 screening and quarantine charges since currently there is ready payment gateway in Myeg Philippine and they also work with Philippine government on tracing Covid.

https://myeg.ph/
12/10/2020 12:40 PM
Witty Tomorrow, does u think Anwar will make a different? or remain the same?
12/10/2020 3:56 PM
Witty Maintain price after cmco announcement.
12/10/2020 5:04 PM
anthonytkh Yes. Always trust tech esp online payment companies
12/10/2020 5:13 PM
johnhuathuat ah wong non stop buy. very rich la ah wong
12/10/2020 6:48 PM
LiimInvest Don’t worry .. MYEG biz not impact by cmco
12/10/2020 11:47 PM
Atan311 CLSA maintains BUY rating , with a
higher target price of RM2.00 (previously RM1.75).

MYEG will be providing an online payment system for inbound travellers. This
provides upselling opportunities for its Covid-19 testing business, while
introducing new revenue streams in the form of hotel commissions (for quarantine)
and meet and greet services. Thus, we raise our 20CL and 21CL earnings by 11%
and 14%. While these requirements may be short-term in nature, the same
platform can be utilised to deploy VLN (e-visa) services when borders reopen,
which could raise our 21CL earnings by 8%.

Online payment system for inbound travellers
. The group received a letter of acceptance from the Ministry of Health to provide an
online payment system for inbound travellers to register and make payments for Covid-19 screening tests and quarantine charges. The tenure of the project will be two years, effective from 1 November 2020.
Upselling opportunities for Covid-19 testing and hotel commissions

We estimate this new business to contribute RM12m in monthly net profit. This
assumes 3k daily inbound travellers, an RM150 testing fee with two applications (once
upon entry and once before leaving) and a 20% net margin. On top of this, we assume
hotel commission fees (for quarantine) of 3%, a take-up rate of 50% (the alternative is
government centres) and room-rates of RM250 per night (for 14 days). There is also an optional meet and greet service for RM800, with a target take-up rate of 5%.

Raise earnings 11%-14%, but assumptions subject to change in requirements.

Positively, while these requirements may be deemed short term, the same platform can be utilised to deploy VLN (e-visa) services when borders reopen, which could raise our 21CL earnings 8%.

We retain our BUY on the stock with a higher target price of RM2.00 (from RM1.75).
This is based on an unchanged target PE multiple of 24.5x and 21CL EPS.
13/10/2020 3:53 PM
Joyce8439 Is anyone know, what does the dividend from Myeg means, with dividend re-investment plan?
14/10/2020 8:06 AM
forever8888 You may choose either cash or shares for the dividend.
14/10/2020 8:47 AM
Liquidity How to choose?
14/10/2020 10:48 AM
forever8888 Inform your remisier
14/10/2020 11:55 AM
anthonytkh Cash = take profit. Shares = trust the company
14/10/2020 12:09 PM
Liquidity i guess default is shares. i'll keep the shares then.
14/10/2020 2:02 PM
Liquidity don't mind holding this counter for a few years also.
14/10/2020 2:03 PM
bowman better keep shares - when is exit date
14/10/2020 3:17 PM
bowman Did you realise that PRDM no longer allows you to use MyEg to pay summons? There is one big chunk of business gone. How many will follow? I think this sorts of average out whatever it will be doing
14/10/2020 3:19 PM
doglover this mygg share so hard to move..
14/10/2020 3:26 PM
Grace Loh aiyoo myeg bila u mao naik
14/10/2020 4:18 PM
makelittlemoney https://www.myeg.com.my/services/pdrm
14/10/2020 5:10 PM
johnhuathuat really bowman? i tried just now still can leh
14/10/2020 6:36 PM
icecool everyday sell down how to go up ?
14/10/2020 9:02 PM
Atan311 CGS-CIMB reiterates Add with higher TP of RM2.10

We see the new MOH e-payment concession as a potential game changer
for MyEG’s future earnings. We raise FY21-22F EPS by 7-10%. Reiterate Add, with a higher RM2.10 TP.

Management highlighted that the recently awarded e-payment concession for Covid-19 test screening and quarantine management by the Ministry of Health (MOH) concession essentially forms an extension of its proposed Visa Luar Negara (VLN) project. Given the ongoing pandemic, the government is focusing on improving Covid-19 testing and quarantine management processes to contain imported Covid-19 cases and gradually move towards the re-opening of borders and post-pandemic travel to revive the tourism industry.

This is a potential game changer for MyEG. Market research group Trading Economics is projecting tourist arrivals in Malaysia to fall by 55% yoy in 2020 to 12m, before recovering to 18.6m in 2021F and 24m in 2022F. In spite of attractive growth potential for MyEG, we think the service take-up will be dependent upon the border reopening timeline decision by the government.

MyEG now has the opportunity to expand into the online travel agency (OTA) business, given its role as quarantine management aggregator for private facilities. The group expects to
collect service fees of 3-5% as an OTA. We see this is an attractive new venture for MyEG, which could potentially replicate its model to upsell value-added services such as travel insurance for tourists. In addition, management sees potential in replicating its e-payment platform and quarantine management in other countries e.g. Philippines.

Our sensitivity analysis indicates a potential RM93m-120m contribution to MyEG’s FY21-
22F revenue based on 1% of [Trading Economics’ projected] international tourist arrivals. While we see room for MyEG to capture a bigger share of tourist arrivals, we prefer to take a conservative estimate of tourist arrivals amid the uncertainty caused by the pandemic.

Overall, we raise our FY21-22F EPS by 7-10%. Reiterate Add, with a higher RM2.10 TP, still based on 24x CY21F P/E, in line with its 5-year historical mean.
15/10/2020 9:21 AM
cmchan11 Hardly move......
15/10/2020 9:29 AM
KLLee_0110 Is time to hit the target price because COVID-19 will be coming as good news for myeg.
15/10/2020 9:59 AM
KLLee_0110 Long time myeg did not achieve top volumes & gainers
15/10/2020 11:05 AM
KLLee_0110 Myeg prices was low. All related to vaccine counter all went up
15/10/2020 3:29 PM
anthonytkh https://www.klsescreener.com/v2/news/view/740599
15/10/2020 3:30 PM
KLLee_0110 Many months already Myeg havent goes up to their limit
15/10/2020 4:12 PM
cmchan11 How to go up ? Control by Taiko.....
15/10/2020 4:29 PM
icecool myeg need to be like VS stable bull run to go up
15/10/2020 4:45 PM
wehcant When TS Wong keeps acquiring, we shal not stop accumulating.
15/10/2020 4:48 PM
wallstreetrookie MyEG top gainer/volume? Wait forever haha. Up 5% is a lot lor. If it breaks resistance RM1.5, it is going to limit up
15/10/2020 8:53 PM
KLLee_0110 Today many people think myeg did not goes up due to recent movement always maintain the same.
16/10/2020 9:08 AM
KLLee_0110 If for US company link to govt the shares already limit up.
16/10/2020 9:17 AM
KLLee_0110 Myeg not moving mostly goes to other stock like mahding
16/10/2020 9:35 AM
K0W3SE4 I think i doesnt goes up because give us chance to buy now before shoot up
16/10/2020 12:38 PM
wehcant TS Wong is collecting again. When will he stop accumulating???
16/10/2020 3:04 PM
icecool @KLLee_0110 this is not US unfortunately
16/10/2020 9:50 PM
wallstreetrookie A good strategy would be to buy low at support below RM1.30 and allocate 40% to trading buy. Sell 40% at resistance. And keep the rest of 60% for long term. This isn’t rocket science and it is very easy to follow.
17/10/2020 2:16 PM
wallstreetrookie And don’t fall in love with a company ever. Remember
17/10/2020 2:17 PM
wallstreetrookie Mahsing confirm goreng. No fundamentals to back up. Don’t go and buy
17/10/2020 2:17 PM
Bunny69 This stock very stable, lets bet next month still can MAINTAIN this price or not
19/10/2020 6:14 PM
johnhuathuat Maintain can. up dunno hahaha. forever same price
19/10/2020 6:29 PM
chashao https://www.youtube.com/watch?v=oAGhfPwVJDM

GOGO Myeg
19/10/2020 10:02 PM
MonkeyFoo What the hell is going on
20/10/2020 7:04 AM
MonkeyFoo Left hand right hand HaHa
20/10/2020 7:05 AM


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program
 
 

277  391  571  1192 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 LUSTER 0.255+0.03 
 MAHSING 1.37+0.13 
 LAMBO 0.0350.00 
 KTB 0.17+0.055 
 XOX 0.1250.00 
 LUSTER-WA 0.16+0.03 
 MLAB 0.03-0.005 
 AT 0.095-0.005 
 PHB 0.025+0.005 
 SALCON-WB 0.145+0.015 

FEATURED POSTS

1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!

TOP ARTICLES

1. DON'T FORGET TO WATCH THIS EXPLOSYF COUNTER CLOSELY !!! Bursa Master
2. IT'S A TIME FOR THIS GLOVES GOING TO SKYROCKET!!! Follow Kim's Stockwatch!
3. A ZOOM Meeting With My Uncle (Retired Fund Manager) Learn from my Uncle (Retired Fund Manager)
4. PublicInvest Research Daily - 19 October 2020 PublicInvest Research
5. LET'S GET ROLLING THIS GLOVES TO NEXT LEVEL!!! Follow Kim's Stockwatch!
6. SUPERMAX - BEYOND GLOVES !!! freetospeak
7. Covid 19 cases in Malaysia - Koon Yew Yin Koon Yew Yin's Blog
8. LUSTER - IS IT ANOTHER GLOVE TITAN? HIDDEN WINNER(S) OF PHARMACEUTICAL DEMAND PENT UP
PARTNERS & BROKERS