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2023-09-07 16:35 | Report Abuse
ZETRIX - Xinghuo Blockchain Infrastructure & Facility International Backbone and Supernodes
https://youtu.be/SVBbaSH-8Vo?si=SwkmHTYgPBBUT_uy
2023-09-07 15:37 | Report Abuse
Simplify cross -border inspection Zetrix to look at the cost of reducing trade costs
https://www.klsescreener.com/v2/news/view/1198529
2023-09-07 11:54 | Report Abuse
Systech receives unconditional takeover offer at 22 sen per share
https://theedgemalaysia.com/node/681551
2023-09-06 08:38 | Report Abuse
GHL gains from greater e-wallet transactions
https://www.thestar.com.my/business/business-news/2023/09/06/ghl-gains-from-greater-e-wallet-transactions
2023-09-05 12:44 | Report Abuse
TP 1.00 by UOB 30/8/2023
Higher earnings in 2H23. We expect higher earsnings in 2H23 with higher contribution from cross-border transactions with the expectation of higher tourist arrivals, especially from China. GHL had also announced its partnership with Standard Chartered Malaysia to provide merchants with comprehensive payment solutions. We expect this to continue benefiting both its TPA and shared services segments.
Micro lending services in Thailand and the Philippines. GHL is expanding into micro lending services, disbursing RM10m in 2022 and RM20m in 1Q23 in Malaysia. The lending business’ targeted customers would be GHL’s merchants as GHL has access to their transactions and business data for better risk management. GHL targets to have RM8-12m disbursement per month in 2023 with GHL starting to launch the micro lending services in Thailand and the Philippines. The management mentioned this would contribute about 6% of its total revenue in 2-3 years’ time.
2023-08-30 14:58 | Report Abuse
Variation of Results against Preceding Quarter
The Group recorded a profit before tax of RM9.04 million for the current quarter ended 30
June 2023 as compared to RM4.37 million in the preceding quarter ended 31 March 2023,
showing an increase of RM4.67 million or approximately 107%. This was mainly due to gain
on foreign currency exchange and increase in sales in both local and oversea markets.
Prospects
While the global economy is on the road to recovery, it continues to face challenges and
uncertainties. Rising inflationary pressures from factors such as surrounding trade dispute
policies and barrier, currency depreciation, higher raw material prices and natural disaster
have impacted the market volatility.
However, the Group remains vigilant about the challenges and continues to make progressive
developments in the business by expanding its product range.
In the transformer products, we are experiencing robust demand from data centres, industrial
machinery and the medical industry. The recent need for efficient cloud storage management
has further driven growth of transformer demand in the data centre industry.
Globally, the emphasis on and recognition of environmental, social and governance (“ESG”)
factors have grown significantly in recent years, leading to increased demand for
governments, companies, and other stakeholders worldwide to practices and emphasizing on
the ESG sustainability agenda. The energy transition and master ESG with green technology
will get ahead to drive an increased demand in energy saving products like LED Lighting,
Intelligent Lighting, Control System and Sensors.
To be aligned with the growing demand of ESG data to address economic, social and
ecological challenges of the city, the applications of our in house brand ILCS for the
intelligent lighting control system ("iLCS") which include smart lighting, traffic adaptive
illumination (tai), parking management, environment analysis, smart metering and internet of
things (IoT) connections. can generate valuable information and data to operators,
municipalities, and other stakeholders for better ESG practices and disclosures give us a good
prospect and better market position.
In our die-casting products, beside to continue our business expansion as the OEM Partner for
aluminium die-casting parts in the global market, we have expanded our range of motorcycle
component parts for the after-sales motorcycle spare parts industry and strengthen our
position as a trusted supplier in this thriving market.
In conclusion, the management will keep re-assess the goals and strategies of the Group to
ensure business resilience and are committed to observing and adhering to ongoing policies
and requirements related to sustainability.
Based on our projections, we anticipate that the financial performance for financial year
ending 30 June 2024 will remain satisfactory and together we work towards a more
sustainable future.
Q4 Jun 23 Report dd 30082023
2023-08-28 16:18 | Report Abuse
Zetrix token sales set to improve further in 2H23 MYEG’s 2Q23 results were strong, on better-than-expected contribution from its blockchain solutions business. With its flagship Zetrix token set to be listed next month on Coinstore, a SG-based crypto exchange, token sales are expected to pick-up further in 2H23. We have raised FY23-24E earnings by 2-6% and we nudge our TP higher to MYR1.16 (+2%). Our TP is pegged to 20x FY24E PER, at MYEG’s LT Mean; BUY rating maintained.
Maybank IB.
2023-08-28 10:26 | Report Abuse
Jordan facility to bolster YTL Power’s prospects
https://www.thestar.com.my/business/business-news/2023/08/28/jordan-facility-to-bolster-ytl-powers-prospects
2023-08-25 08:10 | Report Abuse
Blockchain upside could be sizeable
We are seeing decent traction in MyEG’s blockchain development as it enters the
rollout stage for government-related services. In Apr 2023, the group formed a
partnership with GACC to provide a cross-border customs trade solution using
MyEG’s blockchain technology that could enhance the transparency and
efficiency of the customs process. The group is undergoing the pilot run on the
platform, and is on track to go for full commercialisation by 4Q23, according to
management.
The monetisation of the blockchain-based customs platform will come mainly
through the issuance of Certificate of Origin (CO), which is a compulsory
authentication process for all inbound custom trades from Malaysia into China.
MyEG expects to collect a fixed fee for each CO issued, therefore the revenue
upside hinges upon the total volume of inbound trade from Malaysia into China.
Based on the ZTrade website, which is the official portal for the Malaysia-China
cross-border blockchain platform powered by MyEG’s Zetrix, the group is charging
up to Rmb200 per CO submission.
Management expects the Malaysia-China customs process to officially shift to the
new platform this year. Therefore, the group could see an uptick in its revenue
and margins by 4Q23F, the latter due to higher sales mix from the high-margin
blockchain business. Beyond Malaysia, MyEG is also aiming to implement a
similar solution for other SEA countries as part of strengthening the economic
partnership across the Regional Comprehensive Economic Partnership (RCEP)
members. It has already signed agreements with the Philippines Bureau of Customs (BOC) and Cargo Data Exchange Center Inc (CDEC) for a collaboration
to roll out blockchain-based customs clearance and processing services for trade
flows between the Philippines and China. Figure 6 shows the China imports from
several ASEAN countries, which reflects the relative upside revenue opportunity
across ASEAN countries on the blockchain solution. As per management’s
guidance, Malaysia-China currently offers the highest revenue upside as Malaysia
has the highest import value vis-à-vis other countries.
CgsCimb 25/8/2023
2023-08-22 10:21 | Report Abuse
Zetrix advancing into deep monetisation stages. Zetrix’s potential is gaining more clarity
as the blockchain platform is on track to be integrated into China’s and the Philippines’
customs, with the China blockchain services targeted to be commercially launched in Oct
23. The key scope of services includes the issuance and authentication of the certificate of
origin (COO), smart contract information verification and blockchain-based digital signing.
We anticipate more Zetrix token sales in the upcoming quarters as the customs project are
commercially launched and start generating transaction fees and gas fees which are settled
with Zetrix tokens.
Zetrix’s planned soft ICO should gain good traction. We understand that Zetrix’s initial
coin offering (ICO) would feature in a high-tier over the counter (OTC) exchange in Sep 23,
and we anticipate good subscription rates for Zetrix. We retain our assumption of 2023 token
sales at 5.5m Zetrix coins @ USD5/coins (estimated 1H23 sales: c.2m coins).
UOB KayHian 22/08/2023
2023-08-21 20:01 | Report Abuse
MyEG 2Q net profit up 25%; declares 0.25 sen dividend
https://theedgemalaysia.com/node/679491
2023-08-10 14:08 | Report Abuse
Malaysia has drawn RM76bil in data centre investments in just over two years, says Tengku Zafrul
https://www.thestar.com.my/news/nation/2023/08/10/malaysia-has-drawn-rm76bil-in-data-centre-investments-in-just-over-two-years-says-tengku-zafrul
2023-08-01 12:15 | Report Abuse
LHDN: E-invoicing will be implemented in 1H 2024
https://www.thesundaily.my/business/lhdn-e-invoicing-will-be-implemented-in-1h-2024-ED11309805
2023-07-28 12:40 | Report Abuse
All bodies that involve in Import/Export documentations & financing for Asean & RCEP countries with China, i.e Importers, Exporters, Shipping Co, Logistic Co, Insurance Co, Banks, Customs. International Commerce Dept, Health Dept...etc, need to subscribe to blockchain Ztrade service.
2023-07-28 06:59 | Report Abuse
MyEG ‘exports’ its Ztrade solution to the Philippines
https://www.thesundaily.my/business/myeg-exports-its-ztrade-solution-to-the-philippines-ML11292824
2023-07-27 21:41 | Report Abuse
MyEG deploys Ztrade app for Philippines-China trade flows
https://theedgemalaysia.com/node/676298
2023-07-27 14:32 | Report Abuse
Govt to provide up to RM5b in loan schemes to facilitate first-home purchases
https://theedgemalaysia.com/node/676244
2023-07-27 06:45 | Report Abuse
Datasonic appoints Agong’s son-in-law Tengku Abu Bakar as executive chairman
https://theedgemalaysia.com/node/676211
2023-07-21 15:18 | Report Abuse
BIG Pharmacy to acquire Caring Pharmacy from 7-Eleven Malaysia for RM900 mil — sources
https://theedgemalaysia.com/node/675550
2023-07-21 15:01 | Report Abuse
BFood acquires 1.07% interest while BLand increases stake in 7-Eleven
https://www.edgeprop.my/content/1905549/bfood-acquires-107-interest-while-bland-increases-stake-7-eleven
2023-07-20 11:49 | Report Abuse
Blockchain: Constructing Southeast Asia’s Digital Silk Road
https://theedgemalaysia.com/node/673986
2023-07-20 09:57 | Report Abuse
All-time best reactions to holes-in-one on the PGA TOUR
https://www.youtube.com/watch?v=UelN22v1EwM
2023-07-20 09:20 | Report Abuse
Datasonic likely to benefit from surge in applications for passports
https://www.thestar.com.my/business/business-news/2023/07/20/datasonic-likely-to-benefit-from-surge-in-applications-for-passports
2023-07-20 07:03 | Report Abuse
Global Data Centre Growth Unperturbed By Energy Constraints
https://www.businesstoday.com.my/2023/07/19/global-data-centre-growth-unperturbed-by-energy-constraints/
2023-07-18 09:34 | Report Abuse
Main Market-bound MST Golf says its valuation is justified by its established branding, regional expansion plan
https://theedgemalaysia.com/node/675130
2023-07-18 07:21 | Report Abuse
TA Securities values Main Market-bound MST Golf at RM1.20 a share
https://theedgemalaysia.com/node/673624
2023-07-18 06:56 | Report Abuse
Vestland clinches RM93m contract to build apartments in Shah Alam
https://theedgemalaysia.com/node/675121
2023-07-17 14:27 | Report Abuse
MST Golf optimistic over expansion plans
https://www.thestar.com.my/business/business-news/2023/07/17/mst-golf-optimistic-over-expansion-plans
2023-07-14 07:01 | Report Abuse
Oppstar signs MOU to look into developing integrated circuit products in China
https://theedgemalaysia.com/node/674766
2023-07-12 14:31 | Report Abuse
T7 Global's TSeven Elise facility commences production at Bayan field
https://www.thestar.com.my/business/business-news/2023/07/12/t7-global039s-tseven-elise-facility-commences-production-at-bayan-field
2023-07-12 06:42 | Report Abuse
Main Market-bound MST Golf’s IPO attracts RM924 mil interest from institutional investors
https://theedgemalaysia.com/node/674403
2023-07-10 10:19 | Report Abuse
My EG Services (MYEG MK)
Dust Settling; Immigration Concession Not Losing Relevance
Last Friday, MYEG’s immigration concession was extended by the Ministry of Home
Affairs, officially putting an end to earlier misgivings that the group is losing relevance
within the Malaysian e-government domain. We expect investors’ confidence to be
gradually restored, while risk-reward is highly appealing at this juncture with heavily
discounted valuations, an impressive earnings track record and unchartered potential
of the Zetrix blockchain. Maintain BUY and target price of RM1.18.
UOB KayHian July 10, 2023
2023-07-06 14:20 | Report Abuse
MN Holdings unit secures underground utilities contract worth RM11.2 mil
https://theedgemalaysia.com/node/673800
2023-07-04 09:05 | Report Abuse
ITMAX secures RM40 mil hospital services job
https://theedgemalaysia.com/node/673389
2023-06-30 14:46 | Report Abuse
MN Holdings bags RM13.1mil ECRL contract
https://www.thestar.com.my/business/business-news/2023/06/30/mn-holdings-bags-rm131mil-ecrl-contract
2023-06-26 11:04 | Report Abuse
GHL poised to register stronger growth in second half of the year
https://www.thestar.com.my/business/business-news/2023/06/26/ghl-poised-to-register-stronger-growth-in-second-half-of-the-year
2023-06-24 07:10 | Report Abuse
Cloudpoint Appointed Reseller For Identity Software By Ant Group Digital
https://www.businesstoday.com.my/2023/06/23/cloudpoint-appointed-reseller-for-identity-software-by-ant-group-digital/
2023-06-20 17:18 | Report Abuse
GHL Systems provides Alipay+ payment to over 2,600 local biz in Thailand
https://theedgemalaysia.com/node/671868
2023-06-15 16:28 | Report Abuse
Perodua offers new Axia variant at "Rahmah" price
https://www.nst.com.my/business/2023/06/920370/perodua-offers-new-axia-variant-rahmah-price
2023-06-15 14:58 | Report Abuse
Betamek partners with China-based company to venture into Asean auto industry
https://theedgemalaysia.com/node/671285
2023-06-14 19:37 | Report Abuse
MyEG, UM to include AI technology in collaborative research with China
https://www.thestar.com.my/business/business-news/2023/06/14/myeg-um-to-include-ai-technology-in-collaborative-research-with-china
2023-06-14 10:51 | Report Abuse
Shaping a Brighter Future Through Blockchain
https://www.businesstoday.com.my/2023/06/14/shaping-a-brighter-future-through-blockchain/
2023-05-31 14:48 | Report Abuse
Blockchain: A Game Changer For Financial Inclusion, Poverty Alleviation
https://www.businesstoday.com.my/2023/05/30/blockchain-a-game-changer-for-financial-inclusion-poverty-alleviation/
2023-05-31 11:54 | Report Abuse
TP upgraded from 2.28 to 2.53 by UOB
Oppstar closed the year with a record-high profit of RM21.4m (+29% yoy) which
transcended our/consensus expectations by 5%/6% respectively. We see enormous
growth opportunities that can supercharge a three-year revenue/core net profit CAGR of
36%/37% from FY23, premised on aggressive expansions, cutting-edge R&D and
technology knowhow alongside huge untapped potential augmented by Malaysia’s
geopolitical neutrality. Maintain BUY with a higher target price of RM2.53.
• Aggressive expansions to capture sea of opportunities. Note that out of the gross
proceeds of RM104.3m, Oppstar has earmarked RM50m for the expansion of its workforce
to: a) support its existing and potential customers, and b) continue developing its human
resource capabilities, thereby ensuring its long-term sustainability. Eventually, Oppstar aims
to achieve this by increasing its total workforce by 280, comprising design engineers (locals
or expatriates from India and Indonesia) for IC design and engineers/technicians for postsilicon
validation services, to be based in Penang and Kuala Lumpur. The increase is
expected to happen over 36 months.
• Strong orderbook backlog. It is noteworthy that the group has received enquiries from
existing and potential customers from different regions for both specific design services and
turnkey design services, with the enquires possibly requiring up to 200 design engineers. As
at end-Jan 23, Oppstar’s orderbook stood at RM34.3m, mainly consisting of turnkey design
services to be delivered in the next 12 months.
• Forecasting a three-year revenue/core net profit CAGR of 33%/35%, on the back of
assuming: a) higher revenue per engineer on an hourly basis, b) progressively higher
utilisation rate on increasing available vs billable time, and c) progressively higher headcount
of design engineers towards FY25. Note that the group’s headcount stands at 169 as of
FY22 with utilisation rate of 89.8% in terms of available vs billable time basis. The group has
earmarked RM50m for the expansion of its workforce to: a) support the needs of its existing
and potential customers, and b) continue developing its human resources capabilities,
ensuring its long-term sustainability.
UOB KayHian 30052023
2023-05-31 10:00 | Report Abuse
TP 1.18 by UOB
• Zetrix still on track to unveil its tremendous earnings potential... We conservatively
incorporate Zetrix’s profit before tax (PBT) contributions to MYEG at only RM54m for 2023,
which is mainly derived from the token sales (assumptions: 5m Zetrix coins issued in 2023 at
US$5/coin), with modest contributions from gas fees for the various applications on the
Zetrix platform, such as the Blockchain-based Identifiers (BID)/Verifiable Credentials (VC)
and Blockchain-based e-signing services, Zetrix TradeFi and China’s custom express
clearance programme (targeting commencement in Mar 23).
• …as the Xinghuo International Supernode goes live. Yesterday, MYEG’s announced the
successful live deployment of the Xinghuo Supernode with the launching of Xinghuo Beta
Name System and Xinghuo Digital Identity Service (MYEG owns and operates the Xinghuo
International Supernode via its Zetrix platform). The rollout of the identity service runs
parallel with Chat GPT founder Sam Altman’s Worldcoin’s project that incorporates such an
identifier World ID protocol to authenticate humans online.
• Tremendous potential with the planned ICO of Zetrix tokens in Hong Kong. MYEG
continues to target to launch an initial coin offering (ICO) of Zetrix in a Hong Kong endorsed
crypto-exchange sometime in Jun-Jul 23. Recall that MYEG plans to issue up to 200m Zetrix
tokens annually for five years, provided that Zetrix trades at a minimum of US$5/unit. If
successful, the ICO plans could create a whopping annual ICO proceed of US$1b for the
next five years. Such a potential is hardly reflected in MYEG’s stock valuation.
EARNINGS REVISION/RISK
• None, although we acknowledge that MYEG could trounce our forecast given the potential
of its blockchain businesses.
VALUATION/RECOMMENDATION
• Maintain BUY with an SOTP-based target price of RM1.18, which implies 22x 2023F PE
(-0.5SD below five-year mean). Near-term event catalysts include launching of Zetrix’s
cross-border project with China’s custom, Zetrix’s ICO, potentially deepening its role in
immigration services, and listings of mature start-up investments.
UOB KayHian 31052023
2023-05-30 20:21 | Report Abuse
Vestland's unit bags RM170mil design, build contract
https://www.thestar.com.my/business/business-news/2023/05/30/vestland039s-unit-bags-rm170mil-design-build-contract
2023-05-30 20:15 | Report Abuse
MyEG posts 1Q net profit of RM105.94mil
https://www.thestar.com.my/business/business-news/2023/05/30/myeg-posts-1q-net-profit-of-rm10594mil
2023-05-30 07:05 | Report Abuse
MyEG, Zetrix plan Q3 rollout of blockchain trade facilitation link with China
https://www.thesundaily.my/business/myeg-zetrix-plan-q3-rollout-of-blockchain-trade-facilitation-link-with-china-CD11039496
2023-05-26 10:22 | Report Abuse
HLIB Research is optimistic about YTL Power's prospects
https://www.nst.com.my/business/2023/05/913506/hlib-research-optimistic-about-ytl-powers-prospects
Stock: [INFOTEC]: INFOLINE TEC GROUP BERHAD
2023-09-07 17:12 | Report Abuse
Comparison with immediate preceding quarter’s results
The Group recorded a higher revenue of RM16.18 million during the quarter under review as
compared to RM12.53 million recorded in the immediate preceding quarter ended 31 March 2023.
This was mainly due to increase in new orders from managed IT services and trading of ancillary
hardware and software segments in the current quarter under review.
In tandem with the higher revenue recognised during the current quarter under review, the Group
also recorded higher administrative expenses compared to the immediate preceding quarter ended
31 March 2023 following the Group’s continuous business expansion.
Consequently, the Group reported a higher profit before tax of RM3.97 million during the current
quarter ended 30 June 2023 as compared to RM3.08 million in the preceding quarter ended 31
March 2023.
Prospects
The outlook for the IT infrastructure and cybersecurity sector remains robust due to demand for IT
solutions to support the digital transformations initiative of organisations.
The Group’s customer base in the People’s Republic of China (“PRC”) has expanded beyond
Shenzhen (where the Group is based in in the PRC) to other parts of PRC such as Beijing, Shanghai
and Fujian. In addition, the Group has also secured new projects from new customers in Asia Pacific
countries including India, Singapore and Japan.
Looking ahead, the Board remains optimistic about the prospects of the industry and the Group. The
Board is confident in the management’s ability to take advantage of the promising market possibilities
by leveraging on our established track record and the strong technical capabilities of our team to
continue thriving and creating greater performance and added value for all our stakeholders.
Barring any unforeseen circumstances, the Group expects to continue to register growth in its sales,
market share and profitability.
Q2 Jun 23 Report dated 15/8/2023