Lehman filed for bankruptcy on September 15, 2008, with $639 billion in assets and $619 billion in debt with 25000 employees due to US housing bubble burst.

https://www.theedgemarkets.com/article/evergrande-woes-hit-japans-toilet-airconditioner-and-paint-manufacturers#:~:text=TOKYO%20(Sept%2021,1.70%20trillion)%20assets.

Housing bubble in China is collapsing…mark my word..like 2008 when one huge indebted corporation collapse…this is serious. Look at this week market sell off in Asian markets!!

The very serious potential fallout of such a heavily-indebted company collapsing has led some analysts to suggest that Beijing may step in to rescue it.

The EIU's Mattie Bekink thinks so: "Rather than risk disrupting supply chains and enraging homeowners, we think the government will probably find a way to ensure Evergrande's core business survives."

Others though are not sure.

In a post on China's chat app and social media platform WeChat, the influential editor-in-chief of state-backed Global Times newspaper Hu Xijin said Evergrande should not rely on a government bailout and instead needs to save itself.

This also chimes with Beijing's aim to rein in corporate debt, which means that such a high profile bailout could be seen as setting a bad example.

What does Evergrande do?
Businessman Hui Ka Yan founded Evergrande, formerly known as the Hengda Group, in 1996 in Guangzhou, southern China.

Evergrande Real Estate currently owns more than 1,300 projects in more than 280 cities across China.

The broader Evergrande Group now encompasses far more than just real estate development.

Its businesses range from wealth management, making electric cars and food and drink manufacturing. It even owns one of country's biggest football teams - Guangzhou FC.

Mr Hui has a personal fortune of around $10.6bn, according to Forbes.

Evergrande grew to be one of China's biggest companies by borrowing more than $300bn (£217bn).

Last year, Beijing brought in new rules to control the amount owed by big real estate developers.

The new measures led Evergrande to offer its properties at major discounts to ensure money was coming in to keep the business afloat.

Now, it is struggling to meet the interest payments on its debts.

This uncertainty has seen Evergrande's share price tumble by around 85% this year. Its bonds have also been downgraded by global credit ratings agencies.

i wish i have a spare 5k to pick up sum more...sale price due to concern with china property company

TNB too big too collapse

This week Bursa expect to go lower due to china Evergrande issues

@kong73 - i used to have klcc reit..but decided to shift to Tenaga as the dividend yield is more attractive if i were to consolidate most of portfolio within Tenaga.

@jeffchan1901 - yes thanks for the advice

@cucubud …to be honest i do not know…but i am sure the price will exceed RM11.31 sooner or later. I have discipline my mind to ignore the paper loss as it will only be realised upon selling. As long as the dividend income keeps on coming it will reduce the paper loss. This year i already got appr RM7.6k from the recent dividend from Tenaga of RM0.58 sens and expect to get RM0.22sens = RM2992. Total DI for 2021 is RM10.6k. Can look at my portfolio on i3. I often update them whenever i have transaction buying/selling via Itrade Cimb account

There are two ways to make money from owning shares of stock: dividends and capital appreciation. Dividends are cash distributions of company profits. ... Capital appreciation is the increase in the share price itself. If you sell a share to someone for $10, and the stock is later worth $11, the shareholder has made $1.

@mokluhanj21 yes i reinvested the dividends too and top up mthly as much as i could spare

@50cent - since May 2019

my average cost is 11.31 with 13600 units. I have stop buying because sadly don't have much capital to collect more too

Still cheap. 25 sens ok ooo

mr market is still offering Tenaga a discount

Remarks 1:

Bursa Malaysia Securities Bhd would like to clarify that on the basis of settlement taking place after 14 Sep 2021 with bonus issue of MYEG shares, any shareholder who is entitled to receive MYEG bonus issue shares, may sell any or all of his MYEG shares arising from the bonus issue beginning the Ex-Date (13 Sep 2021).



For example, if Mr X purchases 100 MYEG shares on cum basis on 10 Sep 2021, Mr X should receive 100 shares on 14 Sep 2021. As a result of the bonus issue, an additional of 100 MYEG shares will be credited into Mr X's CDS account on the night of 14 Sep 2021 being the Book Closing Date. Therefore, Mr X can sell a total of 200 shares on or after the Ex-Date i.e. from 13 Sep 2021 onwards.




Remarks 2 :
The Bonus Shares will be listed and quoted on the Main Market of Bursa Malaysia Securities Berhad ("Bursa Securities") on 15 September 2021, being the next market day after the Entitlement Date.



The Share Registrar of MYEG will issue and despatch the notices of allotment of the Bonus Shares to all entitled shareholders of MYEG not later than 4 market days after the date of the listing and quotation of the Bonus Shares on the Main Market of Bursa Securities.

did AZRB manage to get RM23.8 million and RM5million that they are claiming. Anyone has any info?

UEM Edgenta Bhd's subsidiary Edgenta Propel Bhd (EPB) is being sued for allegedly failing to complete an RM87.0m sub-contract under the Klang Valley Mass Rapid Transit's Putrajaya Line (MRT2) project. The suit was filed in the High Court by Ahmad Zaki Resources Bhd's unit, Ahmad Zaki Sdn Bhd (AZSB), which had awarded the sub-contract to EPB in 2016. AZSB is seeking RM23.8m in liquidated and ascertained damages and about RM5.0m in consequential damages. (The Edge)

Source: Mplus Research - 16 Apr 2021

good input

Congratulations on getting the dividend. you all deserve it

Malaysia moving to endemic phase in Oct which means more testing. Myeg sole distributor of breathe analyser covid test suitable to be deployed in govt and large events including holiday spots

NAV only 24 sen/unit. Current price 12.5sen/unit..murah bai

shareholders interest matters too

stay invested folks with Myeg. After bonus issue price will be more action

CTOS suucckss

End of the year - Malaysia will be Endemic status fron Pandemic

Pavillion also high rental also. Klcc got cash to wheather the storm

Recently, MY E.G. Services (MYEG) announced its 2Q21 net profit rose by 28% year-on-year (YoY) to RM80.68mil while its revenue surged 30% YoY to RM161.73mil, driven by its new concession and commercial services, along with an overall rise in online transaction volumes, among others. (The Star, 24 Aug).

Following this, Macquarie Equities Research (MQ Research) reiterated its Outperform recommendation on MYEG as the results were largely in-line with its expectations, while expecting stronger results in 3Q21. MQ Research also discussed what’s interesting and its views on MYEG’s current business situation. MQ Research’s target price on MYEG is RM2.43, which is 24% higher than yesterday’s closing price of RM1.96 (+6.0%).

Within expectations, expect better 3QFY21E results

MQ Research reiterates an Outperform recommendation on MYEG following 2Q21 results. MYEG’s 1H21 profit of RM157mn came in at 47% of MQ Research and 49% of consensus estimates, largely in line with MQ Research’s expectations as MQ Research expects stronger 3Q results. 1H21 revenue/profit continues to grow strongly at 35%/ 29% YoY since 1Q21 due to an increase in Covid-19 health screening tests and online motorcycle road tax renewals. MQ Research sees 16% 20-24E profit compound annual growth rate (CAGR) providing upside to MYEG’s 19x 22E enterprise value to earnings before interest, taxes, depreciation, and amortisation (EV/EBITDA).
What MQ Research liked, what MQ Research didn’t like and what’s interesting

What MQ Research liked. In line with MQ Research expectations, Covid-19 tests volume has contributed positively to earnings due to spike in cases in Malaysia from the delta variant and various government initiatives mandating Covid-19 tests as part of reopening. Besides that, sequential revenue was also contributed from higher online services for road tax renewal for cars and motorcycles. Moving forward, MQ Research expects to see stronger 3QFY21E given the recent announcement by Road Transport Department (RTD) that all road users’ licenses (cars and motorcycles) must be renewed by 30 Sept 2021 (link here), further boosting its road transport segment.
What MQ Research didn’t like. Margins continue to decline from business diversification towards healthcare, but this is within MQ Research’s expectation.
What’s interesting. MYEG recently announced decentralised finance (DeFi) products to users of Malaysia’s digital asset exchanges (link here). From MQ Research’s understanding, no additional licenses are needed from the Securities Commission and MYEG already has a moneylending license under the Moneylenders Act 1951 to carry out its services. MYEG plans to monetise its DeFi schemes through lending the funds collected from depositors out to crypto borrowers, who will be charged interest. The borrowing/lending spread will be an income source for MYEG. Though nascent, MQ Research views this interesting development as supporting the crypto-related plans that MYEG has.
Action and Recommendation
Outperform maintained.
12-month Target Price Methodology
MYEG MK: RM2.43 based on a Total Shareholder Return methodology
Source: Macquarie Research - 25 Aug 2021

Dun accept offer any lower than 2 as a minimum

Seller should just letgo at 2.00

Bonus issue coming. A lot of people hoping that sellers accept lower offer

Confirm akan naik quarter earnings..

23-Aug-2021 14-Oct-2021 DIVIDEND First Interim Dividend RM 0.0025
23-Aug-2021 13-Sep-2021 BONUS_ISSUE Bonus Issue 1.0000 : 1.0000

Where got

10.00 already

You are right

Pm from umno…bursa will go up

Wooohuuu ada naik 3 sen

Foreign funds are coming back than they know what we already know about Tenaga. A cash cow!

Taliban are Afghans Pashtun too and it is their country to administer and to have sovereignty

I predict that the caretaker interim PM will be from current Perikatan Govt.

breath test kit for covid myeg exclusive distributor. MOH pending approval the kit

bought additional 20000 units a 0.23 this morning

Ahbeng - myeg ipo price is 0.55/unit. Cornerstone investors will be around this price for their cost

tenaga shares for me is the only stock that i will buy and pass to my children

tak bayar bill..elektrik potong...residential or industry

yes to sell electricity from solar plant