Of course have to hold for next Q4 result as Zetrix price have significantly surge about 30% since Q3 from average USD 16.5 to current USD 21.2.

Currently, Zetrix and its platform service contribute 35% myeg revenue and 50% myeg profit. The discrepancy of zetrix contribution in turn of revenue and profit% is because myeg reap about 85% profit margin on zetrix, much higher than Malaysia concession business margin at around 60%.

Hence, with Zetix price now continue uptrend, next coming Q4 will stand to increase even higher profit margin of more than 90%

https://www.thestar.com.my/business/business-news/2024/04/24/myeg-zetrix-and-maicapital-to-explore-launch-of-virtual-asset-funds

MYEG and Zetrix said they had inked a memorandum of understanding (MoU) to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

"The collaboration aims to provide investors with additional avenues for diversification across multiple cryptocurrencies, thereby helping to mitigate the risks and nd volatility associated with owning a single cryptocurrency," said MYEG managing director TS Wong.

Remark: with zetric price uptrending, it is right time to list zetrix ETF soon

Zetrix price continue on uptrend
https://coinmarketcap.com/currencies/zetrix/

Nvidia result clearly indicate upcoming slower revenue growth, higher operating expense and lower profit margin. Current valuation 40x cannot hold any longer as it has lost high revenue growth momentum

https://www.marc.com.my/rating-announcements/marc-ratings-affirms-myegs-aa-is-rating/
MARC Ratings has affirmed its rating of AA-IS with a stable outlook on MY E.G. Services Berhad’s (MYEG) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.0 billion in nominal value.

MARC Ratings notes positively the group’s ability to diversify its revenue base by expanding its non-concession businesses. Apart from fees generated from insurance renewals and foreign worker recruitment, the group also receives rental income from providing accommodation for foreign workers. Construction of additional foreign worker hostels is expected to commence in 1Q2024 — two in Johor (Tanjung Langsat and Muar), two in Selangor (Sungai Buloh and Rawang) and one in Penang (Batu Kawan). These hostels would accommodate about 30,000 workers and add to the existing two foreign worker hostels in Selangor and Melaka, each housing around 400 workers

Every quarter, myeg is adding almost RM 150m - RM 200m as development cost to built zetrix platform by adding more new services. Aside zetrix platform, myeg also develop foreign worker accommodation in Penang, Johor, and Selangor to increase multifold from current capacity 800 beds to 24k-30k beds equipped with full facilities and comply gov standard.

Myeg in fact is in expanding mode, leverage up sukuk and cash flow from operation to sophisticated zetrix platform, expand zetrix to Asean and RCEP countries as well as in the midst building multifold foreign worker accommodation to reap recurring profit once completed. Myeg is turnning cash into cash generating assets.

Myeg is also adding capax every quarter to commence new JPJ E-testing. Next, partnership myeg to heitech on all it's gov service, like RM 830m NIISE will generate higher revenue forward.

Zetrix selling is lower in Q3 (average around USD 16.5) if compared to Q2 which average around USD 17.5.

The exchange rate is also much weakness in USD in Q3 if compared to Q2

In coming Q4 will record much stronger profit as zetrix
price surge more than 25% to record USD 20.5

Expect next Q will deliver even higher profit as zetrix selling price surge another record high in Q4

Even after stripping fair value gain from heitech, myeg continues deliver increase higher quarterly net profit, mark consecutively Q to Q growth

Super profit Q3 = 2.6sen

Nasdaq Inc’s plan to list options on the US$43bil iShares Bitcoin Trust as early as this week and Goldman Sachs Group Inc’s push to spin off its digital-asset platform, signs of how crypto and its underlying blockchain technology are burrowing deeper into the financial system.

Bitcoin jumped as high as US$92,606 on Monday in the United States before changing hands at US$90,565 as of 8:06am yesterday in Singapore, about US$3,000 below a record set last week.


The largest digital asset is up 35% since Trump’s Nov 5 election win on a platform that included making the United States the world’s crypto capital.

“The crypto scene is on the move once again,” Chris Weston, head of research at Pepperstone Group, wrote in a note, adding that Trump Media’s play for Bakkt is “another piece of positive news that is lifting sentiment”.

Trump has vowed to create a supportive US regulatory framework for digital assets and set up a strategic bitcoin stockpile.

https://www.thestar.com.my/business/business-news/2024/11/20/bitcoin-gets-a-boost-from-growing-us-embrace

Wait for 'special dividend'

higher Zetric market price translate DIRECTLY to higher profit margin for every zetrix sold by myeg which still own 957 million zetrix available for sale (total zetrix supply1.16 billion - total zetrix already sold 202.7 million)

https://coinmarketcap.com/currencies/zetrix/ 😁

Generally, utility stock like water or power are debt laden, but have positive cash flow generated from utilities business ike YTLP, tenaga, malakroff, RANHILL. Therefore, it is rather unusual for PBA to sit on massive cash hoard and trade below NTA.

Next year dividend tax is good opportunity for PBA to rectify their financial position to better reflect utilities business model and allow Penang government to enjoy better dividend payout ahead of next year dividend tax and commencment of repayment loan RM 88.6m to PBA

Agreed. PBA cash flow is too attractive, accumulate nearly 86sen/share.

In additional, next year onward, PBA will start recover penang government repayments RM 88.6m on staggering basis begin 2025 will further boost up PBA cash hoard.

Hence maiden special dividend is imminent, following trend like kossan and MSC to declare special dividend ahead of next year dividend tax, which will benefit Penang gov the most as majority stake holder

Current lower quarter result mainly due to
1. Deferred tax - RM 18.5m
2. Free 10m3 water for 6 month as special subsidy to domestic customer, erode PBA profit by -RM 11m
3. Domestic consumer reduce water usage due to water traffic hike. These temporary setback in domestic will be setoff with nondometic consumption through increasingly semiconductor manufacturing activities

💪

The board have yet to. Deliberate dividend to be declared

Wait for higher incoming dividends in view of surging cash hoard to RM 289m now

Q to Q, net cash increase by another RM 30m to RM 289m

Profit mainly affected by deferred tax -RM 18.5m.

YES, myeg zetrix have breakout all time high above USD 20, sky is limit
https://coinmarketcap.com/currencies/zetrix/

Silicon Valley of the East’, Penang contributes to over 5% of global semiconductor sales and houses three of the global top 10 semiconductor leaders. The state also houses six of the global top 30 medical device companies and has the highest concentration of medical technology companies in Malaysia and Southeast Asia namely Abbott from the US, B Braun from Germany, Boston Scientific from the US, Smith & Nephew from the UK, as well as Canon and Hoya from Japan.

Penang just added another new medical device giant Dexcom Inc.

Dexcom opens new RM2.8bil manufacturing facility in Penang
BATU KAWAN: US-based medical device firm Dexcom Inc has officially opened its new manufacturing facility in Batu Kawan, Penang, marking its first offshore manufacturing site outside the United States.

Penang Chief Minister Chow Kon Yeow said the RM2.83bil strategic investment will bring more than 3,000 jobs to the state, contributing to a workforce set to positively impact the lives of over three million people worldwide

https://www.thestar.com.my/business/business-news/2024/11/13/dexcom-opens-new-rm28bil-manufacturing-facility-in-penang

PBA monopoly water business deserve fair valuation PE 10x

PBA just awaken ahead of another windfall Q result

"The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above."

Right time for Myeg, zetrix coin to soon breakout historical all time high to stay above USD 20 for its own next level clean sky.

Currently, Myeg derive about 30% profit from zetrix, such margin will increase to above 50% soon and will ultimately replace local concession become major source of profit for myeg

https://www.thestar.com.my/business/business-news/2024/11/12/record-breaking-bitcoin-rally-nears-us90000-on-trump-boost

PENANG, Thursday, 7.11.2024: The Federal Government is working with the Penang State Government and PBAPP on 4 major water supply projects for Penang.

4 ADDITIONAL FEDERAL GOVERNMENT WATER PROJECTS FOR PENANG
1. 440 MLD Lahar Yooi Pump House to enable faster refilling of the Expanded Mengkuang Dam (EMD)
2. 440 MLD Dual Purpose Pipeline (EMD to Sungai Dua Canal)
3. Sungai Kerian Off-River Storage Scheme (ORSS)
4, Sungai Muda ORSS

These 4 Federal projects are additional water supply projects that should be implemented in tandem with Penang’s RM1.184 billion Water Contingency Plan 2030 (WCP 2030) and the RM4.5 billion “Perak-Penang Water Project”.

PBAPP will continue to implement the remaining 6 of the 8 WCP 2030 projects as scheduled while supporting the Federal Government’s implementation of the “Perak Penang Water Project” by 2030.

When implemented, these 4 additional Federal projects will help to ensure continuous good water supply in Penang on a 24/7/365 basis and relieve Penang’s water-stress status during this age of climate change.

https://coinmarketcap.com/currencies/zetrix/

Myeg, zetrix coin on track to break all time high.

Bitcoin surged past US$80,000 for the first time on Sunday, driven by the incoming president’s support for digital assets and the election of pro-crypto lawmakers

Trump claimed that “crypto has got a great future. I think it really does. Maybe we will pay off the $35 trillion national debt in crypto.

Trump’s comments at the 2024 Bitcoin Conference in Nashville, where he said, “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” stating firmly that “it will end. It will be done.”

Trump and republican will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control

Myeg cryptocurrency, zetrix, is worth multibillion in USD market capitalization

Trump is cryptocurrency supporter.

Trump will win

Zetrix platform set to spur MyEG’s earnings
PETALING JAYA: MyEG Services Bhd’s (MyEG) earnings prospects remain bright going forward, thanks to its Zetrix blockchain platform.

UOB Kay Hian (UOBKH) Research said MyEG’s prospects remain rejuvenated with plenty of emerging catalysts such as earnings growth from Zetrix-related services and involvement in multiple Malaysian e-government projects.

The recent commercial launch of Zetrix cross-border services also provides assurance on stable recurring revenue and healthy cash flows moving forward, the research house added. After investing over RM1bil to develop its Zetrix blockchain, MyEG launched multiple applications on the platform.

This includes the Ztrade blockchain platform in the China customs, certificate of origin authentication services, smart contract verifiable credentials and blockchain-based digital signing and others.

UOBKH Research said some of these government-to-government blockchain applications under the Zetrix platform solidifies the company’s presence within the domestic e-government space, with more adoption across various ministries.

Earlier in October, MyEG commenced its partnership with Heitech Padu Bhd for Malaysian e-government projects.

To note, HeiTech Padu recently secured a National Integrated Immigration System project worth RM892mil. It also secured another two contracts worth around RM324mil from the Road Transport Department this year.

Leveraging on HeiTech Padu’s back-end system expertise, MyEG is able to develop a holistic platform incorporating its front-end solutions for various e-government projects in the future, the research house said.UOBKH Research is maintaining a “buy” call on MyEG with a target price of RM1.42.

For its second quarter ended June 30, 2024, MyEG’s net profit rose to RM165.42mil from RM111.56mil in the previous corresponding period, while revenue grew to RM242.28mil from RM184.88mil a year earlier.

In a filing on its quarterly performance, the company said it expects to continue introducing innovative services by leveraging on new technologies

https://www.thestar.com.my/business/business-news/2024/11/06/zetrix-platform-set-to-spur-myegs-earnings
https://coinmarketcap.com/currencies/zetrix/

Amphenol opens new facility in Penang
KUALA LUMPUR — Amphenol DC Electronics Malaysia Sdn Bhd, a global provider of engineering, design, and manufacturing services, has opened its new 70,000 square feet (sq ft) facility in Penang, with the potential for an additional 60,000 sq ft in the second phase.

In a statement today, the Malaysian Investment Development Authority (MIDA) said this expansion significantly increases Amphenol’s footprint in the region to over 130,000 sq ft, demonstrating its commitment to growth and innovation in Malaysia while greatly enhancing its capacity and capabilities.

MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the company’s decision to establish a presence in the country underscores Malaysia’s strong reputation in the global electrical and electronics industry...

pity to xi-fool, carry tremendous sin, curse by so many followers for his ignorance on 1bestarinet bomb risk, might need call his bangla gang for protection....too bad

too bad to subscriber, many follow 'xi-fool' to ignore 1bestarinet time bomb risk, ignore TA first, FA second policy...

Myeg is much cheaper alternative exposure to Niise and JPJ contract secure by Heitech due to teaming agreement formation between heitech and myeg

Aside MACC investigation on 1bestarinet under MOE (Muhyiddin), MACC also probe MBI (Azmin). But, IbestariNet take longer time as it involves 8000 school nationwide and involve huge sum of money RM 4.1 billion. Understanding more time need to uncover any false claim among these 8000 schools. Better be patient to wait for outcome to avoid any possible time bomb
https://www.thestar.com.my/news/nation/2024/10/24/mbi-scandal-macc-discovers-new-lead

Redtone unable to share NiiSE contract benefit as Heitech already form team agreement with myeg to jointly develop all current and future e-government contract. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=151966&name=EA_GA_ATTACHMENTS

The 1Bestarinet case is still under investigation, so I will postpone any announcements for now.... risk of time bomb !!!

On Sept 4, the graft busters launched an investigation into a payment claim related to the Education Ministry's 1BestariNet service tender.

Sources disclosed that MACC conducted raids at a government office and the YTL Communications Sdn Bhd office in Kuala Lumpur.

https://www.nst.com.my/news/nation/2024/10/1125159/updated-im-personally-looking-1bestarinet-probe-says-macc-chief

Don worry, later he🤓 will come again with more gigantic mathematic model formula to give you even higher 'paper profit🤑' to lure more subscriber ya😱

NIIse now become catalyst instead of threat to myeg as it now become earning accretive to myeg for next 5 year through co-development Niise system + equity account of its 15% stake in heitech. and even after completion NISSE after 5 year, myeg immigration service will still able to integrate into NIIse system such as foreign worker insurance, foreign worker job matching, foreign worker accommodation.

Thus, its right time to buyback myeg after it have successfully eliminating Niise uncertainty from negative become positive while continue develop Zetrix which have now issue 226.9M coin at market price USD 3.74 billion, a massive increase if compared to just a month ago in Sept which issue coin only at 174.7M coin at market price USD 2.8 billion
https://coinmarketcap.com/currencies/zetrix/

Accumulation done, myeg become portfolio largest holding

Use balance to add myeg at 89sen

employer to bear foreign worker EPF, the higher foreign worker earn the higher employer need to paid their EPF which is based on 12% + increase export tax impact could be significantly erode profit margin as tax is based on gross revenue CPO price instead of profit....