Wuhuu

Damn

TECHNOLOGY, LATEST NEWS, CORPORATE
MyEG's 1Q net profit up 42% on higher transaction volumes
By Sangeetha Amarthalingam / theedgemarkets.com | November 29, 2016 : 8:58 PM MYT
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KUALA LUMPUR (Nov 29): My EG Services Bhd (MyEG)'s net profit for the first financial quarter ended Sept 30, 2016 (1QFY17), rose 42.2% to RM40.5 million or 1.7 sen per share from RM28.5 million or 1.2 sen per share a year earlier.
Revenue increased 29.4% to RM78.6 million from RM60.7 million, it said in a bourse filing today.
The group attributed the increase in earnings and revenue to higher transaction volumes from online renewal of foreign workers' permits and insurance (FWP), and foreign worker re-hiring programme services.
Net profit also rose because of increase in revenue contribution from Road Transport Department (JPJ)-related services and contribution from its newly-acquired subsidiary Cardbiz Holding Sdn Bhd and group of companies.
However, MyEG added that the increase was offset by higher personnel related expenses to support the growth in FWP and foreign worker re-hiring programme services.
"(It was also offset by) higher interest cost from the term loan to finance MyEG's newly-acquired building," it added.
Going forward, MyEG expects continued growth in volume of its existing services, especially the online renewal of foreign workers' insurance and foreign worker services, to contribute to its revenue and profit after tax for the financial year ending June 30, 2017 (FY17).
"While concession services continue to be our core business, non-concession related services, such as the road safety diagnostic services, sale of prepaid top ups for Celcom mobile lines and provision of hostel accommodation to foreign workers, are expected to contribute to our growth for FY17," it said.
Barring unforeseen circumstances, MyEG is cautiously optimistic that its FY17 results would continue to be satisfactory as more Malaysians adopt online government transaction services.
"MyEG will continue to roll out new services that will enhance the lives of Malaysians while meeting the objectives of the government to increase online payments as an efficient method to transact," it added.
MyEG's share price closed four sen or 1.78% lower at RM2.21 today, valuing the company at RM5.3 billion.

Usually when directors buy...they are confident...wouldn't you?

Perisai is earning in USD and pay their operation in Ringgit right..with ringgit depreciating..then they are making some bonus profit.

Share price should be worth at least equivalent to NAV value by now

RM50million contract in the bag...and yet the price has not move

Type Announcement
Subject OTHERS
Description MATERIAL CONTRACT

CONTRACT NO: PRPC/TC2/004/2016 ("CONTRACT")
CONTRACT TITLE : PROVISION TO SUPPLY FIRE FIGHTING VEHICLES AND MAINTENANCE SERVICES FOR PETRONAS REFINERY AND PETROCHEMICAL CORPORATION SDN BHD.
The Board of Directors of CME Group Berhad (“CME”) wishes to announce that its wholly-owned subsidiary CME Edaran Sdn Bhd has been awarded the Letter Of Award dated 29 September 2016 from PETRONAS Refinery & Petrochemical Corporation Sdn Bhd to supply fire fighting vehicles and maintenance services for PETRONAS Refinery & Petrochemical Corporation Sdn Bhd at a value of Ringgit Malaysia Forty Eight Million Eight Hundred and Twenty Thousand only (RM 48,820,000.00).



The duration of the contract will be as follows:



a) Purchase of Fire Fighting Vehicles – The purchase of the fire fighting vehicles shall be valid for a period of three (3) years from the EFFECTIVE DATE (29 September 2016). The planned delivery dates are based on a phasing basis as per the agreed schedule.



b) Maintenance Services – The maintenance services shall be for a period of 5 years (upon the expiry of the two (2) years warranty period of the fire fighting vehicles).



The contract is expected to contribute positively to the Group’s earnings and net assets for current financial year ending 31 December 2016 and following years.



CME do not foresee any exceptional risk other than operational risk associated with the contract.



None of the directors and/or major shareholders of CME Group Berhad and/or persons connected to them has any interest, direct or indirect, in the above contract.



This announcement is dated 7 October 2016.

I hope you are right

B4b4...who the hell want to buy Perisai and help with their high debt.

Next week up

Genius laaa OtakQ

Woohhoo

We need a race track..what is wrong with that

Calvin you are right about the canal

Perisai..easy money...buy and buy

Kedahmalay..what u know man..so positive...good news ada?

Siti1288 said myeg is going to announce good news at agm on the 9/12...apa lagi..beli aaar

Wht is in the pipeline laaa?

Hidup BN!

Yeaah..wht is in the pipeline

Kedah malay...really buy now?...got good news coming?

Leechuaun...wht good news bro..

Haha...kote lembik cme ni

keep buying...ending positive by end of this year with bags of profit

Something is cooking...1.4million traded so far today

Buy buy buy

Buy buy buy

Buy buy buy

Buy buy buy

Buy buy buy

NAV is 0.16..current price is 0.06...trading buy gentleman

Cme..cme..cme

Perisai management is dicking around and not focus...need to clean their house

Perisai management is dicking around

Good call

Very good performance

Better strap in tight folks

I m still holding so far

It is moving now..tmrw lagi naik

Get it before you miss the boat

Go go

I can taste the lobsters soon

Boleh bankrap ooo

Perisai hutang banyak

Good candidate to be taken over

Q4 2016 according to some expert on BFM radio

Rig

Crude price is $33/per barrel now. How low will it go? Perisai will need to throw their rog rates in order to hire them out.

BN is still the better party