https://malaysiastock.biz/Company-Announcement.aspx?id=1240760
MYEG cancelled 12.5 million treasury shares on 3 July 2020. So total issued shares reduced by 12.5m which improves the EPS by a little bit. Only very cash rich company do this.

An example of genuine news reported by STAR . You can only read the title but not the text unless you are a subscriber.

https://www.thestar.com.my/business/business-news/2020/07/01/myeg-secures-rm208mil-immigration-services-contract-extension

Many GP news circulated in this forum appeared as news advertisements in STAR but there were no official announcement to Bursa Malaysia. .

Reference to IvakaWong: " Previous contract for PLKS around RM 250 mil per year, new contract is only RM 208 mil for three years? That is around rm 70 mil revenue only for one year. The revenue will reduce by Rm 180 mil a year? If 40% margin , PAT will reduce by RM 72 mil a year?
May be there is typo error in the announcement? Should be RM 208 mil a year?"

My estimations as follows.
Only about 20% of MYEG annual revenue comes from government concession-related businesses service fees paid by government or more specifically, the online renewal of road tax, foreign workers’ work permit renewal and their rehiring programme.

Over the past 2 years, MYEG total revenue were about RM240 m per year. So government concession-related businesses service fees paid by government would amount to about RM48m per year.

So RM208m for 3 yrs is about RM69m per year for immigration related fees. This represents a substantial increase from RM48m per year from Immigration department and Road transport department. This is good news.

https://malaysiastock.biz/Company-Announcement.aspx?id=1240101

3-yr extension for Immigration related services is good. It is quite possible that MYEG's e-government services and other ancillary business in the Philippines and Indonesia, with combine population of 250m ( 8 times of Malaysia's), could have grown to be greater than that the revenue and profit from Malaysia

Some of MYEG services, taken from https://www.myeg.com.my/news

PRIHATIN SCREENING PROGRAMME
Posted date 2 June 2020
Employers who wish to streamline the screening process are invited to register on our website here. We will arrange for COVID-19 screening to be conducted by trained medical practitioners at the employers’ premises...

MYDATA-SSM SEARCH THROUGH MYEG
Posted date 9 January 2020

NEW SECTOR FOR PL(KS) RENEWAL
Posted date 7 October 2019
Now you can renew your foreign worker PL(KS) permit under Mining and Quarrying sector online through MYEG.

DBKL LICENSE RENEWAL
Now you can renew your DBKL Premise License, Composite License and Premise Signboard License with MYEG. Click here.

ZAKAT ON INCOME SALARY DEDUCTION SYSTEM THROUGH MYEG PORTAL

PERMANENT OWNERSHIP TRANSFER
Facilitates comprehensive and speedy online transfer of vehicle (Car) ownership from selling party directly to eventual buyer. Click here.

MyAssist Promotion
Buy insurance via MYEG and get MyAssist towing service free. View Promo

Zakat Promotion
Get latest promotion from zakat by paying zakat through MYEG e-Services View Promo

Auto Insurance Cash Back
Get rewarded with cash back on your auto insurance premium! View Promo

How is Sinotop going to make money ? Gov't is not paying any contract fee. Since last election which booted out a corrupted dynasty, I believe there would be no more big money handing out projects. It would be politically untenable.

Take an example. Similar commercial flight services flying the same routes, AirAsia can earn a lot of profit from low fare tickets, but MAS made huge losses on normal fares year after year, requiring injection of multi billion ringgit tax-payer 's money to keep afloat.

Profit comes from good business models, innovativeness, good management, competitive work culture....... Handout will never work in the long run.
01/07/2020 1:08 PM

MyEG generates 20% of its revenue from government concession-related businesses or, more specifically, the online renewal of road tax, foreign workers’ work permit renewal and their rehiring programme. MyEG does not charge the government a service fee, it is the users who pay the service fees.

The remaining 80% comes from ancillary and commercial services, such as online auto insurance renewal, foreign worker insurance renewal and job placement services.
01/07/2020 12:18 PM

EDINVESTOR Sinotop up why? Because they are grab government contracts from myeg.....
01/07/2020 9:40 AM

After peaking at 0.765 on 9 June 20, SINOTOP has been on the down trend , breaking 20-day average on 26 June.

https://malaysiastock.biz/Company-Announcement.aspx?id=1239623
30/06/2020 8:01 PM

“董事会目前致力于从政府寻求延续《 JPJ协议》。”

我的解释是电子服务合同的延期已经得到保证。

原因：

1）政府尚未提前宣布任何更换。如果有的话，它必须至少提前两年启动。电子平台和电子服务门户需要花费大量时间和投资来设计，构建，安装和测试以便成为更好的替代系统。
2）MyEG不向政府收取任何服务费。使用电子服务门户网站的公众需要支付少量费用使用。
实际上，用户可以节省时间和费用。
3）出于上述明显原因，没有其他公司宣布已经或正在这样做。

我认为政府可以要求扩展 MYEG e-government 中新的功能。

MYEG之所以能够成功地扩展与政府相关的各种电子服务，包括在菲律宾和印度尼西亚的税收，主要是因为
1）他们已经拥有一套系统和一种已经证明成功的商业模式，在马来西亚证明运作良好。所需要的只是进行修改以适应本地要求并与本地公司合作。
2）它是政府和人民提供的免费电子服务。用户只是在为便利付费，并节省了在其各个政府机构亲自进行操作的成本和时间。

关于菲律宾，印度尼西亚和随后孟加拉国的商业运营盈利能力，只有越来越多的人了解并学会使用其电子政务服务才能带来更多的利润。

毫无疑问，数字化无疑是未来的生活方式。
01/07/2020 7:23 AM

Jun 30, 2020 1:28 PM | Report Abuse

amateurJR @ckt1818 You dun understand much about tech.You need to learn more about tech. I worked in e-payment banking service field for yrs. GHL has came out with school project installation since 2018 and not much revenue generated from school project......

Agree. Projects in partnership with schools and universities are usually "good will projects"
at little profit or even for free.

In the long run, it may yield indirect benefit through students who come to know about the products/ services and your company.
30/06/2020 1:28 PM

https://malaysiastock.biz/Company-Announcement.aspx?id=1239623
30/06/2020 8:01 PM

"The Board is currently committed to pursue the extension of the JPJ Agreement from the Government."

My interpretation is the extension of the e-service contract is already assured.

Reasons:

1) The government had not announced in advance any replacement. If there were, it would have to be initiated at least 2 years in advance. The e-platform and e-service portals need considerable time and investment to design, build, install, and then tested to be a better replacement system over a period of time.
2) MyEG does not charge the government any service fee. It is the public who make use of the e-service portal that pay a small fee for the convenience of using them.
3) No other company had announced that they were or are in the process of doing it for obvious reasons mentioned above.

I think the government could ask for improvement of functionality in the extension.

The key reasons why MYEG is able to successfully expand various government related e-services including tax payment in the Philippines and Indonesia are
1) They already have a system and a business model that is proven to be working very well in Malaysia. All that is needed are modifications to suit the local requirements and partnering with local Companies.
2) It is a free e-services for the government and the people. Users are only paying for the conveniences and saving the cost and time of going in person to do the same at their various government offices.

In respect of profitability in the Philippines and Indonesian and later Bangladesh, MYEG and their local partnering companies will only be making increasing more profit when increasing number of people get to know and learn to use their e-government services portal.

Without doubt, going digital is definitely the lifestyle of the future.

Hii singgang :
According to MYEG company report, Digital and commercial services accounted for around 80% of the Group’s revenue. e-government services only accounted for around 20% of the Group’s revenue. Substantial % of revenue from ancillary products they sell to customers (e.g. Insurance) using their e-portals.

I think MYEG businesses in the Philippines and Indonesia are at growing stage and it will take some more time to reap harvest.However, base on population these markets are potentially many times bigger than Malaysia (Indonesia & Phillipines have about 250m peopl, Malaysia only 32m ) .

I think MyEG e-businesses is not that different from other successful e-businesses. Get the public to use their e-portals / platform, provide them some free services or conveniences to them initially and when they are used to the platform, they would start buying your other products . In MYEG case, the attraction to use their e-portal/platform is essential government matters that people must attend to. Either they have to go in person to the government departments which cost time and money, or they can learn to log on to MYEG portals. Once people get use to it, a small fee may be charge for the conveniences, and they may start buying other products. For example , if I want to renew my road tax, I will also have to buy insurance for my car.

MYEG BUSINESS OUTLOOK ( summarised from 2019 Annual report; 29 June 2020)

A strong foundation has been laid for promising business growth in four countries, Malaysia, Indonesia, the Philippines and Bangladesh. MYEG has the first mover advantage to serve e-government and manylinked ancillary services (that yield the bulk of revenue) in a combined market of 600 million-plus people.

Key milestones achieved in 2019- April 2020 include:

Jan 2019 - MYEG secured regulatory approval for ‘PayEasy’ electronic money application. Courier service licence renewed. This is important in providing an end-to-end service to customers. Strengthen leading position in the Philippines with MYEG Insurance, an online insurance portal that allows consumers to buy insurance coverage packages online.

April 2019- the Group invested RMB10 million for a 3.03% stake in China-based education technology company Jingle Magic (Beijing ) Technology Co. This provided MYEG with access to a wide range of proprietary VR, AR and AI technologies which could revolutionaries user experience and service delivery in future.

June 2019- significant step made in penetrating Malaysian fintech industry when MYEG Islamic Finance was incorporated to undertake Islamic financial lease activities and other Islamic credit provision offerings

July 2019- Malaysian government’s reactivation of automatic foreign worker replacement programme was a positive catalyst for the Group’s burgeoning recruitment / matching services under MYEG Jobs. Entered an agreement to subscribe 40% equity stake in Indonesian e-government solutions company PT Cartenz Inti Utama (“Cartenz”). MY EG and Cartenz are working together to secure and implement government mandates for the real-time monitoring of business transactions for tax computation purposes across Indonesia. Pilot programme in Jakarta are well received. The Group has since been contracted by seven other provincial governments to deploy , on a chargeable basis, the tax monitoring system in up to 30 cities. Pilot installations have commenced across these seven provinces. Our roll-out in Indonesia is likely to be much faster, and entail lower expenditure, than initially anticipated. This widens the Group’s presence in Indonesia’s retail sector and brings closer to realising our ambitions of having a market-leading footprint of installations within the next few years.

November 2019- launched first phase of e-government services via IPAY MYEG in partnership with Land Bank of the Philippines, firmly established ourselves as the premier one-stop e-government portal in the country of over 100 million people. This development comes after the many prior successes in establishing strategic collaborations with a wide range of partners, both government and private entities in the Philippines. They include the National Bureau of Investigation’s online payment and clearance system, payment gateway solutions for Quezon City and other local government units and government agencies, and the marketing of digital financial services for CIMB Bank Philippines, Inc.

MYEG presence in Bangladesh was cemented through a 40% equity interest in MY EG (BD) Ltd, held via the Company’s wholly owned subsidiary MYEG (Bangladesh) Sdn Bhd.

Jan 2020 – Launched MYDATA-SSM digital services that allows public to access information on companies and businesses incorporated and registered in Malaysia via the MYEG portal. Services available via MYDATA-SSM include online company search features as well as retrieval of business profiles and provision of certified true copies of Companies Commission of Malaysia (“CCM”) certificates and forms.

April 2020 - commenced a pilot implementation of MyEGuard, a contact tracing smartphone
app with dynamic QR colour code-based health profiling functionalities, for various cities in the Philippines, enabling authorities to carry out contact tracing at a critical juncture in the efforts to contain the pandemic.Also launched a one-stop portal in Malaysia for employers to manage the COVID-19 screening requirements of their workforce. The portal provides an option for companies to register for the Social Security Organisation’s screening programme and arrange for on-site testing to be done at their premises, with digital QR code-based certificates then issued by MYEG as proof of testing.

A summary base on MYEG Q1 2020 Report:
Very good Q1 2020 results despite COVIC-19 lock down. Very strong operating cash flow, operating profit of 68.7m, which is 17% higher than the net profit of 58.8m. The Company is very cash rich. The current assets 507.8m exceeds the total liabilities by RM145.9m. On top of this, the Company has bought back a total of 148.2m MYEG shares which were retained as treasury shares. As at 1 June 2020, this had increased to 152.1m shares. At current market price of RM1.4, treasury shares are worth another RM212.8m

Digital and commercial services accounted for around 80% of the Group’s
revenue as compared to e-government services which accounted for around 20% of the Group’s revenue.

OPERATING PROFIT RM68,712,000

CASH FLOWS FROM OPERATIONS RM109,736,000
NET CASH FROM OPERATING ACTIVITIES RM106,737,000
CASH AND CASH EQUIVALENTS AT END OF 31Mar 2020 RM 164,935,000

CURRENT ASSETS RM507,816,000
CURRENT LIABILITIES RM228,589,000
TOTAL LIABILITIES RM361,901,000

PROSPECT OF THE GROUP
For the financial year ending (“FYE”) 31 December 2020, MYEG will continue to introduce
innovative services leveraging on new technology in the country as well as within our regional
presence in Asia, to drive our organic growth for FYE2020.
The unprecedented COVID-19 pandemic has certainly created severe impact to humanity with
lives being lost to the pandemic, borders closed in most countries around the world and economy
of those countries grinding to a temporary halt due to the lockdown imposed by the Governments
around the world. Malaysia is no exception to these impacts. While there are economic
uncertainties arising from the impact of this pandemic, we continue to believe that our business is
resilient as during the lockdown, online services will be in greater demand. The pandemic also
presents new opportunities for MYEG to introduce innovative online services. This is evident by
the introduction of the COVID-19 health screening as a result of the pandemic.
Despite these challenges and barring any unforeseen circumstances, the Board are cautiously
optimistic that the long-term outlook for MYEG continues to remain positive as we continuously
introduce innovative services in the country and as well as within our regional presence.

As at 31 March 2020, a total of 148,165,100 MYEG shares were retained as
treasury shares in the Company. None of the treasury shares held were resold or cancelled during
the financial period ended 31 March 2020.
29/06/2020 9:55 PM

CoolJay . You would not be entilted to dividend if you buy today which is the x-date

"Joseph2020 https://www.thestar.com.my/business/business-news/2019/09/11/green-pac.... 大家下午好。 这个私募已经完成了吗？"

大家下午好. 自2019年9月以来，尚未有关 GP 成功完成私募计划的任何公告.

Post2U "Morning all, today or 2morrow QR report out, +tve result and ext of contract epkls for 3yrs ceiling contract value...will be announce. Stay tune...
29/06/2020 8:13 AM"

I don't think there is a contract value for the extension. The reason is that the government does not pay any fee to MYEG. People who choose to use MYEG e-services to pay for example road tax renewal, etc, would be paying a small fee for using the portal. The fee charged is small but saving the cost and the time of going in person to concern government offices to do the same thing. .

MYEG earn a lot more from the auxiliary services that they provide on their e-portal, for example, car insurance on road tax renewal. Their business model is in some way similar to Air Asia budget airline. Tickets are cheap for the basic services but if a traveller wants to have more like having a meal, check-in luggage,etc, then they will have to pay extra.

So it comes an important point. If MYEG e-government services contract were not renewed and were given to another company, how is that lucky company going to make money ?
29/06/2020 10:35 AM

Joseph 2020先生，你好.

"Green Packet与腾讯云合作提供e-KYC产品”STAR 2020年5月14日

这是正式的公司公告吗？该“新闻”好像是付费出版的广告。任何人都可以阅读 因为它没有被锁。尚未订阅STAR的公众无法无法阅读Star记者撰写的新闻。他们只能看到新闻标题和前几行。

是真的还是炒新闻? 我查看了大马交易所官方网站，我还检查了GP公司网。我找不到与GP与Ten Cent合作的任何公告。

INVESTORS BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum again.

Is the following one yet another share goreng news release made earlier today in this forum ?
“ C.C. Puan, the CEO at Packet One Networks (P1), a major wireless broadband provider focused on becoming an established mobile telecom by making access to the Internet a great experience for Malaysian residents, is planning to acquire a digital banking license ; ..., Getting the digital bank license will enable us to provide life-improving digital innovations and unlock more financial services for the masses especially the underserved.”

Seriously speaking, could GP qualify? I THINK THE ANSWER IS A “NO”.

1. Until today, there was NOT A SINGLE OFFICIAL ANNOUNCEMENT made by GP to Bursa Malaysia or at even at GP’s own Company website on the above. Could it be because concerned party want to make “goring news” release but also want to avoid legal liabilities ?

2. GP's finance performance over the last 10 years was a shamble. Total losses from FY 2009 to FY 2019 amount to a staggering RM1, 018,352,000 (RM 1.02 Billion). Reference: see I3INVESTOR > RESEARCH > FINANCIAL > Last 10 FY

3. It is important to point out that Bank Negara’s objective of issuing digital licence to a qualified company is for such a company to be able to serve the underserved poorer community in Malaysia, people who have no access to the normal banking system because they do not qualify due to lack of credentials or collaterals.

Can you believe that GP, under its current management and financial position could do that? I would think that only a well-managed efficient, low cost company with good past records can do that. I also could not find any official GP announcements at Bursa Malaysia or at GP Company website.

As a side example for comparison. I think a potential digital banking licence bidder could be MYEG.
MYEG had officially made many e-financial business announcements over the past few years at Buesa Malaysia and also at company website.

Some MYEG announcements are extracted below.
1. MY EG Islamic Finance Sdn. Bhd- The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

2. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

3. MY E.G. Services Berhad ("MYEG" or "the Company") - Memorandum of Agreement entered between National Bureau of Investigation, I-Pay MYEG Philippines Inc. and I-Pay Commerce Ventures, Inc. The Board of Directors of the Company wishes to announce that its joint venture company, I-Pay MYEG Philippines Inc. together with I-Pay Commerce Ventures, Inc. had on 17 December 2018 entered into a Memorandum of Agreement with National Bureau of Investigation ("NBI") to implement the NBI’s Electronic Payment and Collection System (“EPCS”), including the installation and operation of the EPCS as well as other related services such as online registration, online appointment, online payment, and help desk/support capabilities. Please refer to the attachment for further details. This announcement is dated 21 December 2018.

icst1975 INVESTORS PLEASE BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum.

Very regrettably, I found out that most GPacket " news " which were released in this forum and also appeared in the form of paid advertisement news release in media like STAR were not backed up by GP official company announcements made to BURSA MALAYSIA, which should also be found at GPACKET Company Website.

For example, I found out that GPacket had not made any announcements at BURSA Malaysia regarding its collaboration with Tencent. There was also no such news announcement made at GPacket company website.

I therefore would strongly recommend to potential investors to check official announcements made by GPacket at

(1) Bursa Malaysia
A very good and friendly website to get Company announcement is

https://www.malaysiastock.biz/Latest-Announcement.aspx

Type GPacket to access all Announcements by the company.


(2) GP Company Website.

https://www.greenpacket.com/investors-relations

Best wishes to all genuine investors .

INVESTORS BEWARE! Unscrupulous cyber trooper goreng gang is actively operating in this forum again after "milking" a few tens to a few hundred millions from innocent public investors in May 2020.

“Green Packet partners Tencent Cloud for e-KYC offering” ; Star News 14th May 2020.

This "news" was actually an advertisement written and paid for publication in STAR Business by concerned party. Anyone can read this news advertisement as it is not locked. Star news written by Star reporters, and which were not paid advertisements cannot be accessed by public who have not subscribed to STAR. They can only see news title and the first few lines.
Was it Goreng news or was it a serious important business undertaking?
I checked the official Bursa Malaysia website where listed Companies make their announcement. I also checked GP Company Website. I could not see any announcement relating to GP collaboration with Ten Cent.

Like GPACKET, G3 is another company with extremely poor business performance, making big losses totalling -108m ringgit in 8 years out of last 9 financial years .

31/12/2019 31/12/2018 31/12/2017 31/12/2016 31/7/2016
-15,776 -17,147 -12,798 0 -14,327

31/7/2015 31/7/2014 31/7/2013 31/7/2012 31/7/2011
-4,646 -10,384 888 -13,418 -20,515


Another Goreng stock to cream money from innocent investors ?

DIGITAL BANKING. I think a potential digital banking licence bidder could be MYEG.
Why I say this is because MYEG had officially made many e-financial business related announcements over the past few years.

Some MYEG announcements are extracted below.

1. MY EG Islamic Finance Sdn. Bhd- The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

2. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

3. MY E.G. Services Berhad ("MYEG" or "the Company") - Memorandum of Agreement entered between National Bureau of Investigation, I-Pay MYEG Philippines Inc. and I-Pay Commerce Ventures, Inc. The Board of Directors of the Company wishes to announce that its joint venture company, I-Pay MYEG Philippines Inc. together with I-Pay Commerce Ventures, Inc. had on 17 December 2018 entered into a Memorandum of Agreement with National Bureau of Investigation ("NBI") to implement the NBI’s Electronic Payment and Collection System (“EPCS”), including the installation and operation of the EPCS as well as other related services such as online registration, online appointment, online payment, and help desk/support capabilities. Please refer to the attachment for further details. This announcement is dated 21 December 2018.

EPF & KWSP are net buyers.

Have a good weekend.

Relax and have some patience.

As a long term investor in MYEG, I am very positive about MYEG business model, management quality, fast responses to changes in business environment and ability to turn adversities into business opportunities as shown in how the company responded in the on-going COVIC-19 pandemic through new innovative products which can be implemented quickly not only in Malaysia but also in Philippines. This may not bring immediate profit but is a free advertisement for the Company to build their brand name.

Only about 20% of MYEG annual revenue is from fees charged related to government services, the rest are from all other e-services they provided to users of their e-portal. MYEG business model has been that they do not charge the government any fees but users of their service pay a small fee for the conveniences through using their e-portals.

MYEG business footprints have successfully expanded far beyond Malaysia e-government services (which what many investors have in their mind) and also beyond the Malaysia boundaries.
In the coming years, positive and growing contribution is expected to come from Philippines and Indonesian. Like in Malaysia, the main revenue is expected to come from various auxiliary services they can sell to users of their e-portals / platform in these countries. Like in Malaysia, this will take time to grow as the population get more and more acquainted to use the e-portals/ platform provided versus going in person to the government departments which cost a lot more time and travel cost. These counties have population which are much bigger than Malaysia. Jakarta alone has a population of about 15 million.
1. Have expanded E-government services to Philippines and Indonesia through strategic partnership with local companies that have strong relationships with the respective governments. GST system was initially tested in Jakarta has been accepted by several other cities.
2. MYEG has been building up its e-financial services. It is very likely to be able to obtain a digital banking licence base on the strength of its already in place footprint in the financial sector, its strong cash balance position, and its innovativeness in IT services and other IOT space.
A few of MYEG’s financial business related announcements found at Bursa Malaysia website include
i. MY EG Islamic Finance Sdn. Bhd: The Board of Directors wishes to announce that MY E.G. Capital Sdn. Bhd., a wholly-owned subsidiary of the Company had on 26 June 2019, incorporated a wholly-owned subsidiary known as MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) under the Companies Act 2016. The intended principal activity of MYEGIF is provision of Islamic financial lease activities and other Islamic credit granting activities.... etc...This announcement is dated 26 June 2019.

ii. MY E.G. Services Berhad ("MYEG" or "the Company") - Receipt of Letter of No Objection from Bank Negara Malaysia by MY E.G. Alternative Payment Services Sdn. Bhd., a sub-subsidiary of the Company, in relation to the launching of iPayEasy e-wallet

iii. The Board of Directors of MYEG (“the Board”) wishes to inform that My E.G. Alternative Payment Services Sdn. Bhd. (“MYEG Alternative”), a sub-subsidiary of the Company had on 21 December 2018 received a Letter of No Objection dated 21 December 2018 from BNM in relation to the launch of MYEG Alternative’s iPayEasy e-wallet......the Board is pleased to confirm that iPayEasy e-wallet will be launched in Quarter 2 of the financial year ending 30 September 2019. The Board expects that iPayEasy e-wallet will contribute positively to the performance of the Group from financial year ending 30 September 2019 onwards.

Best wishes to all MYEG investors.

INVESTORS, PLEASE BEWARE:
GP has not make any announcement at official Bursa Malaysia Website,.
The "good news" can also not be found at GPacket official website.

Refers to Cryptotrader "Take private at 0.40"

Must be a joke !
1. GP would NOT be taken private. Companies which are taken private are those that make a lot of profits year after year but the market valuation is comparatively very low. Owners don;t think they need to raise money from the public and would rather take it private.

2. GP lost over a billion ringgit 2009 to 2019. Off loading WB to the public,engineering up the share price so that WB holders are lured to subscribe the shares at 40 cents.
25/06/2020 10:14 PM


Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June:
Technical Summary
15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell

Chart wise it is on an uptrend. But it is useful to set your cut loss if price drops . Top 30 share holders hold about 90%, balance float only 10% . So the stock is quite cornered in the market !

GREATEC currently is at PE of about 39X. However it is forecasted to grow at >15% and the 2021 PE at current share price could decrease to 28X The . It has quite high ROE 28% and profit margin around 25%.

Chart wise: GREATEC has been trading above its upward sloping 20-Day Moving Average which is a good sign. The next resistance level is quite far at 4.05. Exit if dop below 3.40.

icst1975 Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June.

Technical Summary

15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell
25/06/2020 10:01 PM

Refers to Cryptotrader "Take private at 0.40"

Must be a joke !
1. GP would NOT be taken private. Companies which are taken private are those that make a lot of profits year after year but the market valuation is comparatively very low. Owners don;t think they need to raise money from the public and would rather take it private.

2. GP lost over a billion ringgit 2009 to 2019. Off loading WB to the public,engineering up the share price so that WB holders are lured to subscribe the shares at 40 cents.

Technical reading of GP share price chart 25 June 5 pm as follows:

Technically, it is not looking good for GPACKET as its 20-Day Moving Average is sloping downward and its daily share price action have gone below the 20-day and 50-day Moving average line since 3rd June.

Technical Summary

15 mins Hourly Daily
Strong Sell Strong Sell Strong Sell

Please make GP company news announcement in Bursa Malaysia and put them at GP Website.
If they are not, I am pre sure, the so call "announcements cannot be believed seriously. They are more for trapping the unsuspecting public, for exciting the share price and misleading investors for the benefit of share goreng gang.

" SpartanFury This is only a possible speculation and I haze zero proof behind it... nut is it possible that qr for GP is so good and that's why CCP is constantly picking up shares... as he is confident it will jump once it's out.."

Agree with many points you said above BUT one thing I am very sure about is that GP will never qualify to get a digital banking licence. GP just does not qualify in the next few years if ever it can turn around.

1. The company's finance over the last 10 years were just a shamble. The total losses from FY 2009 to FY 2019 amount to a staggering RM1,018,352,000 ( RM 1.1 Billion). One way or another these were losses to share holders.
2. There were many signs that indicate that VIP puan puan & gang troopers appeared to be manipulating share prices and making tens if not hundred of millions out of the public investors.
3. Objective of issuing a digital licence to a qualified company is for such a company to serve the underserved poorer community in Malaysia, people who currently have no access to the normal banking because they don;t qualify due to lack of credentials or collaterals. You think GP under its current management and financial position can do that ??

Company like MYEG has express interest in digital banking licence, I think a Co. like MYEG will more likely qualify. Useful to look at how MYEG performed.in the past versus GP.

Reference to:
"Victor Yong Becoming a subsidiary of tencent is the best option. Associate company, G3, is considering venture with China Giant companies too. :) "

Investing public, please BEWARE.
1. There was no official announcement n Bursa announcement on the above.
2. It was also not announced in GP official website under Investor Relation news release.

I personally DO NOT BELIEVE there is going to be anything substantial out of the above It may just be semi- FAKE in substance and it may not being much if any +ve profit contribution. Let's just be patient and wait for GP's results in the next few quarters. I tend to suspect that there would be many more quarter of losses again !!

" Victor Yong Tak tau, mungkin puan mau sai Lang semua syernya kepada tencent atau tm nanti
Dia Dah Beli 20mil shares++ Bulan ini "

" Tarrance Schu today him average price 0.565
25/06/2020 5:57 PM "

"xuxu Puan is keep accumulating. not rumors hehe
25/06/2020 5:58 PM"

BEWARE! BEWARE!
1. Cyber troopers ( could they be VIP puan puan's troopers ??) are coming again promoting their good rosy stories again.
2. If CEO Puan is sincere in owning more Gp shares , why was he not converting the many tens of millions of free warrants-B to ordinary shares ??
Why were hundred of millions of Gp-WB off loaded to the innocent public investors ??
25/06/2020 6:25 PM

Reference to the comments
"Victor Yong Puan pandai, sekarang baru Beli syer GP banyak banyak :)
25/06/2020 6:25 PM
Victor Yong Ramai spekulator buy high dulu, kini Jual Murah balik kepada puan. Cerdik :)"

Questions to the above:
1. So are you saying that VIP puan puan & his gang goreng goreng GP shares and WB, in the process the public investors in GP become victim of their financial greed?
In effect they are misleading GP investors taking away tens of millions their hard earned money
2. Is VIP puan puan and gang working hard to return GP back to profit making or are they spending their time on Goreng stock ??
3. What can investors expect from such a company ?

" Victor Yong Tak tau, mungkin puan mau sai Lang semua syernya kepada tencent atau tm nanti
Dia Dah Beli 20mil shares++ Bulan ini "

" Tarrance Schu today him average price 0.565
25/06/2020 5:57 PM "

"xuxu Puan is keep accumulating. not rumors hehe
25/06/2020 5:58 PM"

BEWARE! BEWARE!
1. Cyber troopers ( could they be VIP puan puan's troopers ??) are coming again promoting their good rosy stories again.
2. If CEO Puan is sincere in owning more Gp shares , why was he not converting the many tens of millions of free warrants-B to ordinary shares ??
Why were hundred of millions of Gp-WB off loaded to the innocent public investors ??

The Cyber troopers are back to promote a great story. GP management had been very poor in managing GP business, losing RM165m in 8 years out of the last 10 years.
Can they make profitable business in the coming years ? Let us wait and see in the next few quarterly results.According to the Cyber troopers, Gp should be a major business beneficiary of Covic -19. Let's see the results first before commiting your hard earn money to the syndicate gang.

Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."

My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company !
Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.

MYEG announcement dated 22 May 2020: 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.
Since above announcement and based on latest notification, the major shareholders had increased or maintained their MYEG share holdings.
1. MYEG CEO Mr Wong TS had bought another 4m shares at RM1.28 to 1.48 increasing his shareholding from to 1077m shares on 27 May 2020.
2. Substantial shareholder EPF had increased shareholding from 208m (20th May 2020) to 232m shares on 18 June 2020.
3. KWSP (Government Pension Fund) has maintained MYEG shareholding at 198m shares.
4. Company bought another 7m company shares (at RM1.29 – 1.34) increasing the total treasury shares to 152m.
As the Insiders have increased confidence on MYEG future, I believe they are expecting good news to come out soon.

Reference to keni371 comment : " i believe we shud see huge conversion of warrants much later when the interest of gp mother shall have subsided. At present situation, owner want to sell mother shares as much as they can and use the sale proceeds to exercise warrants (probably some has been done to prop up balance sheet). if not mistaken from memory, owner controls 80-90% of shareholdings."

My view: Out of the 450m WB (3 free warrants for 1 right subscription, issued in late 2018), some 100m WB had been converted when the mother share price were pumped up giving innocent public investors the impression that it would be very profitable for them to buy the WB and then to convert them into mother shares which they could sell at a huge profit. This recent conversion 100m WB conversion already make GP about 100m 0.40 = RM40m richer in cash. Unfortunate for the innocent public investors as they would not have enjoyed much benefits if any . This is because as conversion took about 2 weeks during MCO and the GP share price declined very fast after 18th May 2020. The insiders would have unloaded most if not all their free warrant B at very attractive 40 cents - 55 cents. They would not likely want to subscribe themselves because 40 Cent + jacked up WB market value is not something they would do. They want the public to pay money into the company to finance the loss making business. At the rate GP make losses in 2018- 2019, RM40m is enough to last two years of operation ! Did puan puan and tuan tuan substantial holders convert ? The answer is no as it would be announced. They probably own very few WB at this point in time. The public bears the burden of buying over their free warrants and then pay another 40 cents into the company !
Cruel perhaps, but that was the game. I think episode one of the game is over and the innocent public investors are now left to bleed especially if they had borrowed money to invest.

Perhaps most of those exciting paid news release are meant to be forgotten after their games were over.

If company wants to release business information, they should first announce in through Bursa website and also Company News Release under Investor relation.. Don't see them in these proper official channels !!

"maybe puan also kena game....."
Could the likes of puan puan and tuan tuan ne innocent ?
If yes, there would not be so many paid advertisement news releases and cyber trooper gang member working in this forum repeating a lot of insider information about the company "deals" and that so greatly excited the share prices such that with little effort, the share prices were pumped up for the benefits of the syndicate. The like of puan would have put a stop to it as they would have constituted unauthorise release of company information.

24 June 2020 5 pm technical chart reading: Not looking good as 20-day moving average is sloping downward and price action is below Moving Average line. This is compounded by the recent bearish breakout of the support level of 0.645. This bearish breakout was compounded by a higher than average volume which shows the bearishness of the traders to push the price lower the support level to a lower price level.

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.
25/06/2020 5:45 AM

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.
25/06/2020 5:45 AM

24 June 2020 5 pm technical chart reading: Not looking good as 20-day moving average is sloping downward and price action is below Moving Average line. This is compounded by the recent bearish breakout of the support level of 0.645. This bearish breakout was compounded by a higher than average volume which shows the bearishness of the traders to push the price lower the support level to a lower price level.

Syndicate insider gang had already dumped some 300 to 400m free Gpacket WB to innocent public investors in the second to third week of May 2020 at prices of around RM 0.45 +/- 10 cents. This amounts to at least RM100m - RM200m lost by investing public to the syndicate gang.

The mother share price was pumped up from about RM0.55 to RM1.60 (27 April - 18 May)
Innocent public were lured and tricked by the large apparent price discount between the mother share price ( RM0.90 to RM 1.60) and the exercise price of WB (RM0.40) which could give a very attractive profit margin upon conversion to mother shares.

Having unloaded their free warrant-B, there was no longer any need to support the mother share price. This happens on 19th May when price dropped from RM1.65 to close at RM1.02. From then the price continue to drop to close at RM0.62 on 24 June. Would it drop further ? Most likely, I think . There is no fundamental support for the share price as it had been loss making 8 out of the last 10 years. The future outlook is highly speculative. The apparent great business deals had not been officially announced in Bursa Malaysia Website nor in the company website under Investor Relation media announcement. Instead they appeared as paid advertisements (which looks like news release) like STAR business which were then re reported in other media. Many gang troopers were also busy writing the good stories in this forum to lure the public investor.

How far can the share price drop ?
There is actually no bottom to the share price ( except close to some pennies for the listing status and the net asset). In this case, exercise of WB gives the company the needed life line. Therefore, it is very likely that there could be interest by concerned party to support the share price above about RM0.50 which is 10 cents higher than the WB exercise price. This means that Gpacket WB could drop below 10 cents to only a couple of cents before expiry in Nov 2024.
In fact, concerned party may not need to or able to. They may not be able to do it as market force will prevail eventually. It is possible to manipulate share price in the short term, as appeared to have happened in late April to third week of May 2020, but it is not possible in the long run.

The company can always issue new warrant in future to replace Warrant B if mother share dropped to below say RM0.45 and no one wants to exercise conversion.

GPACKET Technical Summary Date: 24 June 2020 Time: 4.45 pm

TYPE 5 mins 15 mins Hourly Daily Monthly

Moving Averages Strong Sell Strong Sell Strong Sell Strong Sell SellTech.

Indicators Strong Sell Strong Sell Strong Sell Strong Sell Buy

SUMMARY STRONG SELL STRONG SELL STRONG SELL STRONG SELL NEUTRAL