YTLP coming result will consolidate account Ranhill result which will increase YTL billion debt but only record increase few million profit

股价或在短期内继续盘整及回落到3.51至3.66令吉的支撑位置.
https://klse.i3investor.com/web/blog/detail/nanyang_stock_expert/2024-08-21-story-h-154068911

Very slim profit margin of just 5%. Next Q will even significantly impact by further weakness in USD - negative earning growth forward

BIMB forecasts MyEG to post core net profit of RM625.4 million in FY2024 versus consensus estimate of RM591 million, and RM667.4 million in FY2025 and RM718.8 million in FY2026. This translates into earnings per share of 8.4 sen in FY2024, 9 sen in FY2025 and 9.7 sen in FY2026 and based on a five-year average forward price-earnings ratio of 16 times.

2024 EPS 8.4sen = RM 1.35 + 30% dividend payout
2025 EPS 9.0sen = RM 1.44 +30% dividend payout
2026 EPS 9.7sen = RM 1.55 + 30% dividend payout

MY E.G. SERVICES BERHAD- 23RD ANNUAL GENERAL MEETING webcast
https://www.youtube.com/watch?v=KxL65Y28X3A

YTLPOWR YTL POWER 今早大跌,可以去接刀吗？全面个股分析与分享如何去操作 跌破这条线要逃命!
https://www.youtube.com/watch?v=B2W_UkV230w

Q1. The company has capitalized the
Development Cost as Non-Current Asset
and it is astonishingly high at RM1.34B.
Will this Development Cost be amortised
as expenses following the launching of
blockchain services?

A1: A total of 1 billion Zetrix tokens have been
minted. The amortisation of the development
costs shall be recognised upon every sale of
Zetrix tokens and the amount recognised
shall be in proportion to the percentage of
tokens sold out of the total minted. As the
development costs represent the costs
incurred to develop the blockchain, which in
turn enabled the tokens to be minted, revenue
from the sale of tokens shall therefore be
offset by the corresponding cost of
development of the Zetrix blockchain
platform. As at 31 December 2023, we have
amortised approximately 1% of the
development cost, in proportion to the
number of Zetrix token sold out of the total
amount minted

Q1: Under Page 169 in the balance sheet,
total development cost is 1.2bil, how
much is development cost on Zetrix?

A1: The development cost for Zetrix constitute
approximately 70% of total development
cost.

Q1: May we know the assets/tokens in MYEG's digital asset holdings?

A1: As per the Slide Presentation shared during
the AGM, the digital assets are proceeds
arising from the sale of Zetrix tokens as well
as the purchases of other digital assets to roll
out applications in the Zetrix blockchain
platform. The composition of the digital
assets held by the Group include USD
stablecoin.

Myeg profit margin is keep increasing yearly from about 40% in 2020, to last year 60% and now further increase to current 68%

As far as I know among bursa listed companies, only myeg business model can command such extraordinary profit margin and yet can enjoy super lowest tax,give rise to BEST scenarios "Pretax profit" almost equal to "net profit"

Very high profit margin above 65%, super low tax due to incentive for its business model adopt advance blockchain technology and cloud computing

Very strong cash flow to support myeg many new development cost to expand ztrade from Msia to ultimate entire 10 Asean counties and eventual to entire 15 RCEP countries in future

Such promising business model and high profit margin with tax incentive will propelled myeg to continue steady earning growth

Next quarter will have another new contribution, Ztrade, cross border fee kick start just last month july

i) contribution from services from our Zetrix blockchain platform such as ZCert and Digital ID
registration and transaction; and
ii) contribution from the sale of Zetrix tokens

Q2 deliver another awesome earning growth EPS 2.2sen and another interim dividend declared 0.25sen

Expect PBA to deliver more than 10sen EPS in coming Q2 result

PBA to record maiden domestic traffic hike of more than 100% in upcoming Q result. Due to bi monthly water bill, these maiden water traffic hike monly will be reflected in Q2. Domestic water bill account for more than 60% total PBA water revenue

In additional 7sen/m3 also will start bill as electricity cost pass through for both domestic and non domestic, allowing PBA to fully pass through electricity cost to customer

Q1: Is data centre benefited MYEG’s blockchain business in coming years?

A1: Data centers serve as the critical physical infrastructure that underpins the operations of digital businesses. This necessity extends to MYEG's blockchain business, where reliable data storage and processing are essential for smooth functioning.

A surplus of data centers in Malaysia could translate into lower operational costs for MYEG's blockchain business. Increased competition among data center providers could drive down service fees, creating a cost-effective environment for MYEG

Caution on mushrooming data center in Msia. Increased competition among data center providers could drive down service fees, creating a cost-effective environment for offtaker. These is evident by many rush to build Data center, but eventual offtake is lacking to commit long term lease as market is flush with many new Data center coming.

YTLP already completed 48ME hyperscale data center customize for SEA, but, SEA is very slow to commit lease payment with only staggering on yearly 8MW. Another multibillion Ai data center 100MW with Navida also is lacking of offtaker, with first 20MW still under prolong time to secure offtaker.

In additional YTLP 2year locked in super low gas price during pandemic time in Singapore also at tail end. earning return back to Normalize level.

The real big offtaker like Amazon, Microsoft, Titkok are building own data center instead of lease Msia data center provider

added more myeg at 91sen

sold back lagenda at 1.31-1.32

today in banking day

No cross no crown, Every dog have its day. Be patient while enjoying dividend income first before myeg real earning growth kick in

A lot of Myeg new pilot project need gestation time before can translate into revenue and earning。 Take for example, myeg Ztrade, cross border platform first introduce 2 year ago, only till these year July officially and commercially launched. Another Myeg pilot project, JPJ E-testing, introduce before covid time, drag 3 year, now only officially and commercially launched these year April 2024.

Remember, the 2 roadmap, national Ai and blockcahin is till 2025 before it start to officially implement across nation which mean next year will be D-day for Myeg for both Ai and blockchain, revenue will be much bigger than current immigration and JPJ

With 2 National roadmap, Ai and Blockchain, myeg purpose fuel earnings momentum forward

MYEG, MIMOS Berhad, Worldcoin Foundation and Tools for Humanity ("TFH")
1. National Artificial Intelligence Roadmap 2021-2025
2, National Blockchain Technology Roadmap 2021-2025

https://www.nst.com.my/news/nation/2024/04/1040185/govt-mulls-drafting-policy-amend-legislation-be-investor-friendly-and

"Malaysia needs to quickly adapt the current economic landscape to continue to grow so that it is always competitive in the region by attracting investment from companies in the technology, AI and blockchain sectors," he said in a post on his official Facebook page today.

He noted that Malaysia has the National Artificial Intelligence Roadmap 2021-2025 and the National Blockchain Technology Roadmap 2021-2025 as a direction that has the potential to accelerate the adaptation of AI in the public and private sectors

"The Madani government is committed to driving the development of the country's economy, especially in high impact and innovation sectors and providing a conducive business environment," he said.

The prime minister made these remarks following a discussion held virtually this morning via video conference with Tools for Humanity (TFH) company co-founders Sam Altman and Alex Blania, as well as Ole Ruch from Nordstar.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Digital Minister Gobind Singh Deo also participated in the meeting.

The discussion of around 30 minutes touched on several matters related to the rapid development of technology.

"TFH also informed the development of the Worldcoin project, the latest initiative related to identity and the global and inclusive financial network by prioritising the characteristics of confidentiality and providing protection to private information," Anwar said. --BERNAMA

https://www.thestar.com.my/business/business-news/2024/08/19/banking-sector-receives-strong-govt-support-to-scale-ai

SINGAPORE: Malaysia’s banking sector is receiving strong government support and encouragement to scale artificial intelligence (AI) adoption within the industry.

Bank Simpanan Nasional chief information officer Lee Li Foon said although the sector’s adoption of AI is in its early stage, there has been significant collaboration between industry players and the government to learn from one another.

"Our government is spearheading the National Artificial Intelligence Roadmap (AI Roadmap) which I believe provides us with a significant opportunity to strengthen our AI guidelines.

In summary, the synergy between MYEG, MIMOS, Worldcoin Foundation, and TFH,
represents a bold step forward in Malaysia's digital journey, driving innovation, fostering
technological advancement, and creating a more inclusive and prosperous digital economy
for all Malaysians.

The strategic alliance forged between MYEG, MIMOS Berhad, Worldcoin Foundation, and
TFH, promises to revolutionise the digital landscape in Malaysia. By combining their expertise
and resources, these entities will create a synergy that will significantly enhance the security,
efficiency, and scalability of digital ecosystems and blockchain applications within the
country

MYEG, the leading provider of digital government services in Malaysia, will contribute its
extensive infrastructure and expertise in delivering seamless online experiences. It will work
to incorporate the solutions developed by MIMOS Berhad, Worldcoin Foundation, and TFH into existing government service delivery systems, ensuring that citizens can access these
services conveniently and securely.

The Board of Directors of the Company wishes to announce that MYEG, MIMOS Berhad, Worldcoin Foundation and Tools for Humanity ("TFH") have entered into a collaboration which combines the unique capabilities of each organisation to explore the integration of Worldcoin’s advanced credential verification technology into Malaysia’s Blockchain Infrastructure. Additionally, the partnership will assess the feasibility of potential local manufacturing of Orbs, TFH's hardware and software tools for human verification.

Final dividend declare today with option either opt for cash or reinvestment plan.
Next week will get another interim dividend coming

US regulator files complaint against Genting Bhd, Resorts World Las Vegas for allegedly allowing suspected or proven criminals to gamble

By Malay Mail
Friday, 16 Aug 2024 12:16 PM MYT
KUALA LUMPUR, Aug 16 — The Nevada Gaming Control Board (NGCB) in the US has accused Resorts World Las Vegas (RWLV) of catering to individuals with ties to organised crime in a complaint filed yesterday.

The NGCB’s 31-page complaint alleged that Resorts World Las Vegas LLC, and its parent company, Genting Bhd, “welcomed certain individuals with suspected or actual ties to illegal bookmaking, histories of federal felony convictions related to illegal gambling businesses, and ties to organised crime”, according to a report by Bloomberg.

-Advertisement-


The complaint said the resort allowed individuals with convictions for running illegal gambling operations, money laundering and tax-law violations to place millions of dollars in wagers.

“The culture within Resorts World created the perception, or the reality in certain instances, that Resorts World is an avenue to launder funds derived from illegal activity,” the NGCB said in its statement, as quoted by the Inside Asian Gaming (IAG) magazine.
“The NGCB investigation revealed acceptance among RWLV executives of a culture where information of suspicious or illegal activity is, at a minimum, negligently disregarded, or at worst, wilfully ignored for financial gain.”......

Riot in US - anti- Israel
vs.
Riot in UK - anti-Muslim

Two set of dividend, final dividend for FY2023 and interim dividend for FY2024 to be declared within these month.

https://www.livemint.com/news/world/chinas-steel-industry-in-trouble-as-property-market-woes-hit-demand-11723651937082.html

Demand slowdown hits steel prices:
The slowdown in demand has led to a fall in prices. Steel Rebar used in construction is at cheaper levels like back in 2017. Hot-rolled coil is at its lowest in four years, it is used in car and home appliances. The producers who endure higher costs are making a loss on every ton produced of steel, as per the report

Genting Singapore has posted earnings of $357 million for the 1HFY2024 ended June
Genting Singapore has posted earnings of $247.4 million for the 1QFY2024 ended March

So, what is genting Singapore earning for 2QFY2024? How Genting berhad profit will recorded from genting singapore in coming Q2?

Time is due for dividend and awesome Q result

accumulation done

Civil servant salary increase expected between 15 and 42.7% — Fahmi
https://themalaysianreserve.com/2024/08/07/civil-servant-salary-increase-expected-between-15-and-42-7-fahmi/

Civil servant is Lagenda main housing buyer group[p

EPS QoQ growth + dividend

under accumulation phase

Yup, WTS already consecutively day buying more myeg share in open market

bought back lagenda at 1.26-1.28

Zetrix ETF will soon listed in HK exchange, unlocking more value creation for myeg

Zetrix聯合創始人黃天順：香港有望成為全球第二大虛擬資產中心
https://www.youtube.com/watch?v=00IW976Fqhw

Very soon will recover above RM 1 ahead of Q result and dividend

Major shareholders WTS buying more myeg ahead of explosive Q result