MIDF is maintaining its 'buy' recommendation with an unchanged target price of RM1.38.

Meanwhile, BIMB Securities Research (BIMB) said that MyEG is well positioned to maintain its growth trajectory by leveraging emerging technologies.

"In the light of the stronger than expected performance and the rise of Zetrix token price, which has more than tripled from US$5 to US$17, we have revised our earnings estimates for FY2024-FY2026," BIMB Securities wrote in the latest quarterly result.

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, nine sen in FY2025 and 9.7 sen in FY2026.

BIMB has raised its target price to RM1.34 from RM1.21 previously, in line with the upward revision of its earnings forecasts. "Our target price is based on a five-year average forward price-earnings ratio of 16 times applied to FY2024 EPS of 8.4 sen," said BIMB.

For the cumulative six months ended June 30 (6MFY2024), MyEG’s net profit soared 47.76% to RM321.37 million from RM217.49 million. Revenue for 6MFY2024 also increased by 32.71% to RM475.24 million compared with RM358.1 million.

Beware Scammers 99% use moblle with prefix 011 . Hard to trace them

CC please read the UOB Kayhan report on MYEG link attach above by a user . on the ICO and the reason for UOB KayHian blue sky target price RM3.73

i am trading cypto coins .esp buying ICO as its risk free.

The exciting bit here is Zetrix’s initial coin offering (ICO).
if you have been following recent ICO this year the profit is 10 to 20X and more for those who bought any ICO this year.
demand is so great and oversubscribe easily 800X .

MYEG will get 1B usd selling at 5usd per coin. 1st listing
on listing say 40 usd and by end of year say 80usd. this figures is my estimate see the ICO Coins trend this year 2023.
So next year they sell another 200m coins at 80 usd each = 16B USD !

just buy MYEG , i am sure will fly to sky after sept 23 !

the technicals are saying sell . Right ?

dont expect any GOV to do anything for you .

Past GOV s also none did any !

yes... sure must rebound soon when the selling is done.
Best time to collect now !

either you are just trolling or you haven t a clue !

this will pump UP on Monday . good thing i buy cos the price already rock bottom from TA .

the contract will end July 2023 .

MYEG secures RM208mil immigration services contract extension

gambling is Haram !

first to go is the 4D shops.
casino slow kill with possible heavy tax...
they have 5 years !

ys run first. dont think .

something is fishy .
they want all ?

around 80 sen is collect time!
company always in profit.
No matter who win GE , gst will come next year.

advance chip and products cannot masuk China. Analyst say gonna be the worse . Sell !

big boys need money fast for GE15 !

dump kuat cos no news .

weak RM .
and economy may turn south .
so big boys all dump fast !

international waters... why cannot sail ?
the problem is china dont recognize int laws.

fyi . the Philippine government confirm they are the heirs. why you say they are fake ?
why do you think Msia GOV have been paying for the sabah lease until they stop it in 2013.
you shiok sendiri ka ?
this case is complicated so let the lawyers handle .

oil price drop cos its pricing in a recession .
and need to see this week what happens when Biden meets Saudi .

i thought china ban crypto ?

big boys take profits .
Foreign funds selling kuat . was the top sell last week and last month.

Kenanga Research estimates June output to be around 1.519 million metric tonne, with supply due to improve seasonally, prices should ease.

Malaysia should also see slower exports in June and higher month-end inventories following Indonesia's decision to lift its export ban on May 23.

june cpo exports drop about 10 %, in news this week .
indonesia is ramping up .
Good reason to SELL .

All them BUTA gaji same with many . the msian culture ?

Malaysia end-June palm oil stocks hit 7-month high as exports drop
Mei Mei Chu
/
Reuters

July 05, 2022 13:34 pm +08

sure lah , cpo price will drop !
why did exports drop ?

KUALA LUMPUR (July 4): PublicInvest Research has maintained its “neutral” rating on the plantation sector and said Malaysian palm oil exporters may be facing stiffer competition in the coming months as Indonesia has proposed to raise palm oil export quotas last Friday due to excessive palm oil inventories in the world’s largest producing country.

In a sector update on Monday (July 4), the research house said following this announcement, crude palm oil (CPO) futures tumbled 4.2% or RM207 to RM4,703/mt.

“This does not bode well for Malaysian upstream plantation players as margins are shrinking sharply amid the high production costs.

“Maintain Neutral on the plantation outlook with a full-year CPO price forecast of RM5,000/mt,” it said.

inventory is up.
factories cutting production .
Samsung say they have 50 million unsold celfone..
doin the maths .. we are heading down !.

many Asian countries will up interest rate ...so can thrive ? i see more companies going bust .

the only way to bring down the high inflation is to increase interest rates and force a hopefully mild recession. lets see what happens this year and now can only speculate..

Local Inst are selling crazy. they know better right !
21 June 2022, Tuesday,
Trade Statistics | Participation:
Volume traded 2.79bil
Value traded RM1.87bil
Local Retail: -RM8.38m | 26.01%
Local Insti: -RM125.32m | 50.61%
Foreign: +RM133.70m | 23.38%

check the trade done . my guess local inst.

below was yesterday.
14 June 2022, Tuesday,
Trade Statistics | Participation:
Volume traded 2.72bil
Value traded RM2.11bil
Local Retail: +RM11.8m | 25.9%
Local Insti: -RM21.1m | 46.6%
Foreign: +RM9.3m | 27.5%

heavy selling going on. check the buy/ sell value/total on your platform .

many analyst s predict a recession this year , and charts/ signs are there. so best to wait/ cut loss and see. For long term investors only.

Ontime , Wait as some markets are in bear .. if for trade then check the technicals . plus u need luck !

pump yesterday , today dump !

in bear market, any rebound is a SELL>

some 1 drank too much toddy this morning !

most hospital/suppliers have overstock gloves heavily .
so now manufacturers cannot sell , less orders.
not to mention many new co .. jump in with new factories .
for now .. now profit will be down hill
SELL .

should be china need to stop messing with india , indonesia , philipine, Msia , japan borders/seas .
this created opportunity for US/allies to take opportunity .

Big time selling going on .

klci already broke ema 200 today , so more downside .

I guess so.
today KLCI broke ema200 , means more downside .

plus the loss of semicon supply will force india , japan , korea ,others... will join the war. if china kena attack from all fronts ...sure KO . so i think china will not risk this start this war.

China survive on trade . if kena sanction by US and EU will lose about $900bn . gg lah china .

wait U turn . like the coal ban only lasted 11 days .. GG

All this talk no use ..only speculate at best .
We need to see updated Sales figures.. forecast sales and profits.

heavy selling today... possible cause by the TP reports yesterday .

dont get caught with your pant down man !.