And that's the implication it seems

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3066602

have anyone read this? is there going to any implications?

https://www.sc.com.my/regulation/enforcement/actions/civil-actions-and-regulatory-settlements/civil-action-in-2020

No disclosure announcements on Disposals....? For a 7% holding...it's substantial No?!....

This is like a death row dude who does not know when he's going to be executed......

@newbie....here's the timeline...21/5 Extend for 1 month....22/5 (Today) Until further notice.....

How one can flip flop an overnight decision being made......god help us!

Until further notice?!

OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") Extension of the Concession Agreements with the Government of Malaysia
MY E.G. SERVICES BERHAD

Type Announcement
Subject OTHERS
Description MY E.G. Services Berhad ("MYEG" or "the Company")
Extension of the Concession Agreements with the Government of Malaysia
Reference is made to the announcements dated 23 July 2014 on the extension of MYEG’s concession agreement for the provision of the electronic delivery of vehicle registration, driver and vehicle licensing and payment of summon services (“E-Government Services") and 5 January 2017 on the acceptance of a Letter of Acceptance from the Ministry of Home Affairs in relation to the provision of online renewal of temporary employment pass for foreign worker or “Pas Lawatan Kerja Sementara (PLKS)" for the Immigration Department of Malaysia (“Immigration Related Services”) (collectively referred to as “Agreements”).



The Board of Directors of MYEG (“The Board”) wishes to inform that on 21 May 2020, MYEG has received an official notification from the Government to continue with the provision of the E-Government Services until 30 June 2020.



The Board wishes to further inform that on 22 May 2020, MYEG has received an official notification from the Government to continue with the provision of the Immigration Related Services until further notice.



This is to allow the Government sufficient time to finalise the status of the extension of these Agreements subsequent to their expiry on 22 May 2020.



The Board is currently committed to pursue the extension of the Agreements from the Government. Should there be any further developments on this matter, the Company will release the necessary announcements in a timely manner to Bursa Malaysia Securities Berhad.



This announcement is dated 22 May 2020.

Well i think i had a good education at one of the oxbridge institution.....;)

My 2 cents...to commission a whole new system would take years...It's not just not evernight you can have the systems up and running...e.g. SKINS.....however, on another note...i guess this is the last of the extension MyEG would get until the new system up and running in 3 years...

@Baskaran in this beloved country of ours...unless it's facts over matter...anything can happen....even signing on dotted line....can just be overturned....until its made public dude!

Unless there's last minute funny horse shoe trading going on.....it's 1813 yet it's not officially announced....

@younglearner...let me translate it for you...it states that The Home Ministry has agreed MyEG to extend the PLKS online starting 23rd May......the keyword is agreed and extend.....

it stated there "Meneruskan".....

Makluman Pengoperasian Semula Perkhidmatan Lanjutan PLKS Oleh MyEG
Dimaklumkan bahawa bagi memastikan penyampaian perkhidmatan lanjutan PLKS tidak terjejas, Kementerian Dalam Negeri telah membenarkan pihak MyEG meneruskan perkhidmatan lanjutan PLKS secara online mulai 23 Mei 2020.

Sebarang Pertanyaan Lanjut Boleh Hubungi Helpdesk ePLKS@JIM Di Talian 03-88801452 Atau Emelkan Kepada eplkshelpdesk@imi.gov.my.

Sekian, terima kasih.

Tarikh Kemaskini : 22 Mei 2020

funds ran first today.....hence selling pressure after 230pm....

QOQ down....

Results out...Just Okay

profit taking by institutions...not so good QR??!!

DESTINI BERHAD ("DESTINI" OR "COMPANY") LETTER OF AWARD PROVISION OF TUBULAR HANDLING EQUIPMENT AND SERVICES FOR NIPPONS DRILLING CAMPAIGN

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3049388

(ii) Anasuria
• Current quarter results
The Anasuria segment recorded an EBITDA of RM114.1 million (68.4%
margin over revenue) in the Current Quarter.
Total revenue recorded was RM166.8 million. There were two crude oil
offtakes in the Current Quarter, in which 523,899 bbls of crude were sold at
an average realised oil price of USD73.88 per bbl.
Both average uptime and average OPEX per bbl of oil equivalent (“boe”)
remained at healthy levels in the Current Quarter. Average uptime achieved
in the Current Quarter was 88% while average OPEX per boe was
USD15.93.

(i) North Sabah
• Current quarter results
The Company’s indirect wholly-owned subsidiary, SEA Hibiscus Sdn Bhd
(“SEA Hibiscus”), completed the acquisition of 50% participating interests
in the 2011 North Sabah EOR PSC on 31 March 2018.
In the Current Quarter, from this segment of our business, we sold 595,286
barrels of crude oil in two cargoes, at an average realised price of USD78.55
per barrel (“bbl”). The segment contributed RM192.0 million to revenue and
RM132.1 million to gross profit from the sale of crude oil. Average operating
costs (“OPEX”) in this segment amounted to USD11.54 per bbl.

ype of Meeting Annual General Meeting
Indicator Notice of Meeting
Description 8th Annual General Meeting
Date of Meeting 04 Dec 2018
Time 09:30 AM
Venue Hilton Petaling Jaya
Kristal Ballroom, Level 1
West Wing, No. 2, Jalan Barat
46200 Petaling Jaya
Selangor Darul Ehsan
Date of General Meeting Record of Depositors 26 Nov 2018

Commenting on the oil market, Hibiscus Petroleum’s Managing Director, Dr Kenneth Pereira, said,
“While we have achieved high prices for crude oil sold in this quarter, world oil markets are
experiencing increased volatility. The Group has seen oil prices at various levels; on some occasions
lower and other times, higher, and we have managed to remain profitable throughout. This is primarily
because our average unit production cost for both the Anasuria and the North Sabah assets have
always been significantly below the average realised oil price. The careful management of costs to
maintain low operational expenditure and the delivery of production enhancement projects are key
towards achieving low unit production costs. This remains an area of focus for the Group.”

As part of the Company’s efforts to keep stakeholders engaged with the activities of the Company and
informed of its quarterly performance, Hibiscus Petroleum will be releasing a webcast to present the
highlights of the First Quarter Results ended 30 September 2018. The webcast will be released on the
Company’s website at: http://www.hibiscuspetroleum.com/ by 8.00pm on 27 November 2018.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5987093

Annualised PER of 9X. Therefore, if Fair Valued PER at 15X, TP should be RM1.40. More than 40% of current price .

They should have given cash dividend rather than giving DPRS scheme. With nearly 400 million new shares , this is the reason for the downtrend. Investor liquidating their dividend shares.

consider it like your putting your money in an FD...placing it and after 12 month gets you 4-5%. returns on the dividend..the upside/downside is that it can make appreciation or vice versa....besies with 239 million new shares due to the DRP, it will need time....