Already reached 0.80! Better grab your tickets! Brother Wong's focussing on Myeg & Zetrix roll out in Hong Kong today? as EPF & KWAP keeps on buying? Something's big must be brewing? With subsidy rationalisation maybe Myeg will get a new Government Contract for distribution of subsidy via E-methods with blockchain?...tut tut

Grab your tickets...Market is just waiting to retest resistant 0.83-0.85 soon?...tut tut

Blue Sky Target Price 3.73!
Target Price 1.21~1.23
Resistant 1.01
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Support 0.795
Price 0.80
Verdict: Uptrend is still intact!

Myeg E-Government services for Government Subsidy Rationalisation?
https://theedgemalaysia.com/node/701238

Myeg is also venturing into Ai Technology. Check out Myeg's Beta Ai Chatbot here...

https://ai-chat.myeg.com.my/

https://alexablockchain.com/malaysia-china-develop-ai-technology-for-cross-border-trade/

Digital Government Finance is the future...Myeg is the key to Government's Subsidy Rationalisation? That's why EPF & KWAP is buying Big!...tut tut

https://www.nst.com.my/business/corporate/2024/04/1041941/rising-digital-finance-adoption-comes-heightened-government

Morning guys!...tut tut

Let's wait & see?...tut tut

Sslee

At last KYY learnt his hard lesson on margin forced selling. He now based on TA to cut lose.

Posted by yewyin33 > Mar 30, 2024 9:04 AM | Report Abuse

My reason for selling Eversendai Koon Yew Yin, 30th March 2024
I started buying Eversendai shares on 15th March 2024 when it dropped 1sen to close at 32 sen.
Eversendai price chart below shows it went up 2.5 sen in 4 trading days and it dropped 9.5 sen in 7 traing days.

Yesterday afternoon, I decided to sell all my Eversendai shares because it closed at 29.5sen and I lost money

Apart from Niise, most probably TS Wong is eyeing HTPadu's Data Center projects to support Government Digital & Blockchain Initiatives?...
https://klse.i3investor.com/web/blog/detail/thealphatrader/2022-01-17-story-h1597411394-HEITECH_PADU_BHD_5028_ENTERING_THE_DATA_CENTRE_BUSINESS_IN_A_BIG_WAY

TS Wong is a shrewed investor you think he has not done his homework? NIISE already in the pocket including...
"HTPadu Latest Qtr made a profit of RM16.41M with contributions from?...
25. SIGNIFICANT EVENT On 6 December 2023, the Company has accepted and signed the Letter of Award from Ministry of Health,a.Malaysia (“MOH”) for Tender untuk Membekal, Menghantar, Memasang, Membangun, Mengkonfigurasi,Mengintegrasi, Migrasi, Menguji dan Mentauliah Guna Perkakasan, Perisian dan Sistem HIS@KKM diHospital Sultan Ismail, Johor Bahru commencing from 18th December 2023 to 17th December 2026. TheContract Value is RM37,017,920.00.26. SUBSEQUENT EVENTOn 2 January 2024, the Company has accepted and signed the Letter of Award from Lembaga Hasil Dalama.Negeri Malaysia (“LHDNM”) for Perkhidmatan Next Generation Network di Lembaga Hasil Dalam Negeri Malaysia commencing from 1 January 2024 to 30 June 2027. The Contract Value is RM58,888,888.00."
Quarterly rpt on consolidated results for the financial period ended 31/12/2023 | https://www.klsescreener.com/v2/announcements/view/6600321

Just buy the dip! If HTPadu can fly so can Myeg. HTPadu + Myeg is a formidable strategic combination to secure NIISE project...

TS Wong=Asia Internet=Myeg=HTPadu=NIISE?...ps HTPadu has been shortlisted for NIISE project i.e. Myeg could be project
partner with HTPadu as project leader for NIISE as controlled by substantial shareholder Asia Internet/ TS Wong?...

Morning guys...tut tut

MY E.G. SERVICES BERHAD ("MYEG" OR THE "COMPANY")ACQUISITION OF SHARES BY MY E.G. CAPITAL SDN BHD IN HEITECH PADU BERHAD1. INTRODUCTIONThe Board of Directors of MYEG (the “Board”) wishes to announce that its wholly-owned subsidiary, MY E.G. Capital Sdn Bhd (“MYEG Capital”), had on 7 March 2024 acquired an aggregate of14,572,300 Ordinary Shares representing approximately 14.40% equity interest in HeiTech Padu Berhad (“HeiTech”) via Open Market and Direct Business Transaction, for a total cash consideration of RM31,247,960.20 (“Purchase Consideration”) (“Acquisition”), details of which are as follows:-a) Acquisition of 5,155,300 Ordinary Shares on 7 March 2024 via Open Market for a total cash consideration of RM11,001,410.20 or at an average acquisition price of RM2.134 per HeiTech share; andb) Acquisition of 9,417,000 Ordinary Shares on 7 March 2024 via Direct Business Transaction for a total cash consideration of RM20,246,550.00 or at an average acquisition price of RM2.15 per HeiTech share.2. INFORMATION OF HEITECH HeiTech is a company incorporated in Malaysia and having its business office at Level 15, HeiTech Village, Persiaran Kewajipan USJ 1, UEP Subang Jaya, 47600 Subang Jaya, Selangor. It is listed in the Main Market of Bursa Securities Malaysia Berhad and is an Information and Communications Technology company that offers a range of services including system integration, application development, managed infrastructure services and innovative solutions across the sectorsas well as the development of Malaysian Electronic Government initiative.3. RATIONALE FOR THE ACQUISITIONThe Acquisition is a strategic investment which will allow the Company to explore potential collaborations with HeiTech to create synergies by leveraging on the respective expertise and experience of both parties as established e-Government service provider

A sudden breakout at Myeg could happen anytime judging by the sudden interest & appearance of many day traders/macais at Myeg Forum just like at HTPadu Forum. Most weak holders have been weeded out and the good news is retailers holdings in Myeg has dropped from 40% to 35% while institutional holdings has increased proportionally. Noticed that BlackRock & Norgesbank institutional funds has increased their shareholdings in Myeg to more than 2% each in February while EPF has increased their holdings to 5% with KWAP holding 7% shares in Myeg...

Thxs for the tip-off guys...have been looking at Asia Internet/TS Wong's moves on shares with common substantial shareholdings in Myeg & HTPadu & comments by macais/day traders in both Klse Forums before HTPadu's sudden breakout. A similar breakout could happen at Myeg anytime before Raya? Just be patience...

https://klse.i3investor.com/web/stock/overview/5028

Correct. Btw U need to buy tickets before can take the front seat to watch the show? For those worried about EPF, notice that their last disposals was on 1/3 & 29/2 to raise cash to pay latest dividend on 3/3 for you & me....

It takes 2 to Tango, in case many are still wondering why Myeg share price continues to trade sideways instead of going up despite it's good Qtr earnings, proposed Final Dividend of 1.68 sen per share & premature announcement that MOT has approved for implementation on Myeg's E-Driving Test System for L drivers/Driving Schools in Malaysia. Probably Market Operator & small sharks has not completed accumulation from margin traders & weak holders? Those with Diamond 💎 💎 💎 💎 💎 💎 💎 💎 hands are comfortable holding at current level, waiting for opportunity to buy the dip. For fence sitters, 79.5 to 80 sen is just about right to start accumulating based on Myeg's EPS of 2 sen per share for current Qtr. & acquisition of 12.5M Myeg shares by major shareholder Asia Internet @80 sen per share on 5 March. Also daily RSS trading announcement by Bursa is steady as follows:
29/2 13,983,595 0.19%,
1/3 14,267,995 0.19%,
4/3 14,817,595 0.20%,
5/3 14,817,595 0.20%

As for TP, based on its chart, Myeg has been trading in a channel from September till now. Bullishness will be when Myeg breaks 83 to 85 sen. First TP 92 to 96 sen and 2nd TP RM1 & above in time for Raya Celebrations...

Last chance to buy the dip!...

Blue Sky Target Price 3.73!
Target Price 1.21~1.23
Resistant 1.01
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Support 0.795
Price 0.795/0.80
Verdict: Uptrend is still intact!

Recap!...
According to DG Immigration, the entry of over two million foreign workers last year contributed to the RM3.31 billion earned from foreign worker levies. Anyone can do the maths on what is Myeg's earnings from Immigration services including insurance for next coming Qtr?...

Just follow EPF...tut tut

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD | https://www.klsescreener.com/v2/announcements/view/6593607

Redtone or Redflag?...
https://theedgemalaysia.com/node/702024

Morning guys!...tut tut

https://www.nst.com.my/business/insight/2024/02/1016253/capitalising-mr-markets-irrationality

Try this link...
https://www.coingecko.com/en/coins/zetrix

According to DG Immigration, the entry of over two million foreign workers last year contributed to the RM3.31 billion earned from foreign worker levies. Anyone can do the maths on what is Myeg's earnings from Immigration services including insurance?...

Remember when Zetrix was selling at USD5 in October last year & not many dared to buy. Today already gone up by more than 100% to USD11.80. Myeg now selling at 0.785~0.79 & many also don't dare to buy? Don't make the same mistake as not counting Niise contract outcome, Myeg immigration contract extension will assure good income for the next 3 years & price might double to RM1.40 just like Ctos Digital?...tut tut

https://www.freemalaysiatoday.com/category/nation/2024/02/05/immigration-dept-rakes-in-over-rm5-5bil-revenue-in-2023/

How much of the foreign workers fees goes to Myeg?...

Immigration dept rakes in over RM5.5bil revenue in 2023
Foreign worker fees was the largest contributor with over RM3 billion, thanks to the entry of two million workers last year.

FMT Reporters - 05 Feb 2024, 11:50am

Don't let EPF/KWAP & Mr. Wong grab all the cheap & RSS/IDSS shares which has gradually decreased. Most of the weak retail holders has been weeded out as public shareholding has dropped from 40% to 36%, while institutional shareholding has increased proportionally.
Refer link for statistics.
https://ibb.co/YXqPQ4V

CTOS & MYEG has similar Nta but Myeg only 0.78~0.785 while Ctos already more than RM1.4? Who got higher Qtr. Profit? Refer link below for comparison. Elon Musk a Billionaire has 2 eyes, so do we...
Myeg
https://pasteboard.co/gyVzjx5tdeBf.jpg
Ctos https://pasteboard.co/JjGpAODPyh0D.jpg

We all know how VT works. Anyway thxs for the early Ang Pau. Now in new year mood already...tut tut

@kahhoeng

fainted, another pump and dump???

Key words is PM Lee said in a Facebook post that he looks forward to both countries “charting new areas of cooperation, including in trade and investment, tourism, innovation, and the digital and green economies” in which Myeg currently excels? Mr. Wong already strikes the iron while it is still hot?...

According to MOT 350,000 people commute daily from Johor to Singapore for work? Return trips will be another 350,000 commutes. Add on other travellers could reach 1 million trips vise-versa. Myeg could monetise it's expertise on identity security using AI facial recognition & Zetrix Blockchain for passport free travels for Immigration?...
https://www.businesstimes.com.sg/international/singapore-and-malaysia-strengthen-ties-mou-special-economic-zone-johor-rts-link-65

Wonders why Myeg's very silent on its Identity Security expertise & AI facial recognition technology using Zetrix Blockchain, useful for identity security to facilitate Malaysia/Singapore passport free proposal for daily hassle free travels on RTS Link between Johor/Singapore? Should be something's in the works & announcement soon with its current connections with Immigration?...

https://www.linkedin.com/posts/myeg_ai-blockchain-identitysecurity-activity-7148130860590903296-H4Vg

https://www.straitstimes.com/asia/se-asia/johor-chief-moots-qr-code-immigration-clearance-at-land-checkpoints-for-travellers-from-singapore

Morning guys...Net Short Position yesterday (18/1) is only 11,200,227 an increase of 0.01% to 0.15% of total short position from 17/1 on Bursa? Just wondering who got his Shorts liquidated by Banker in the last hour of trading?...tut tut

Net Short position has been dropping from
12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 around 0.14% of total short position indicating sharks has diverted their IDSS to other penny stocks?

@UncleFollower Thxs for your balanced analysis on actual valuation of Myeg. Any idea what is OTB's take on Myeg? For those who haven't committed, now is a good time to accumulate Myeg based on temporary Market weakness. According to Bursa, Net Short Position from IDSS has been dropping from
12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 with around 0.14% of Total Short Position, indicating Sharks has diverted their IDSS play to other penny stocks?...tut tut

Not necessary as 32% shares are tightly held by Institutions, while 30% are held by Mr. Wong & Company. With 38% Myeg shareholding, Retailers are actually the Boss. Once KWAP completes selling of its indirect shares & carries out year end window dressing, the scenario will change soon? Let's stand United to make the BlueSky TP happens soon. Another GameStop in the making?...tut tut

https://finance.yahoo.com/news/e-g-services-berhads-klse-223157482.html

Afternoon!...tut tut

There's currently only 2 Institutional Funds active on Myeg. KWAP sold 0.02% on 22 Nov. & BlackRock acquired 1.65% on 30 November which is a sign of Foreign Institutional Fund's confidence & interest on Myeg profit potential?...
1. Kumpulan Wang Persaraan 7.42%
Shares 553,811,879
Value RM451.4m
Change % 0.02%
Portfolio % 0.82%
Last Reported 22 Nov 23
2. BlackRock, Inc. 2.18%
Shares 162,871,044
Value RM132.7m
Change % 1.65%
Last Reported 30 Nov 23

Morning guys...last chance to buy the dip...we think KWAP is raising cash quick for the coming Government Pension Adjustment in early 2024 so maybe one of the main seller while foreign institutional fund like BlackRock is collecting? For those who believes in Myeg should take opportunity to increase their votes...tut tut
https://www.malaysianow.com/news/2023/09/05/pensions-for-retirees-to-continue-assures-ahmad-maslan

Morning...another beautiful day...if you are not day trader & have holding power, nothing to worry. Let's see who blinks first as Operator only controls 30% while Institutions 32% with Public holding balance of 38% Myeg. Since Zetrix Token already USD10.11 up 102.2% since listing, it makes sense to hold for a better offer & more goodies from Operator? Operator & Institutions will have to pump for annual December window dressing. Just wait for their signal. That's why need to monitor the changes on the Institutional shareholding?...Updated as of 22 November 2023.

We think local & foreign funds like KWAP & Blackrock has been quietly accumulating while most day traders & weak holders has been weeded out? Anyway let's monitor this carefully for any more changes on institutional holdings later?...
Ownership Breakdown
Individual Insiders 13.4%
996,135,756 shares
Private Companies 16.2%
1,210,714,139 shares
Institutions 32.3%
2,406,957,313 shares
General Public 38.1%
2,845,736,258 shares
Btw foreign funds that increased their holdings include BNY Mellon & Ashmore Asset etc.
*Source_Simply_Wall_Street

Let's monitor the Top 25 Shareholders of Myeg who owns
60.51% as of 4 December 2023 for any changes later...

1. Asia Internet Holding Sdn. Bhd 16.23%
2. Thean Wong 12.64%
3. Kumpulan Wang Persaraan 7.42%
4. CIMB Group Holdings Berhad, Asset Management Arm 3.17%
5. Maybank Asset Management Group Bhd. 2.79%
6. BlackRock, Inc. 2.16%
7. The Vanguard Group, Inc. 1.79%
8. Employees Provident Fund of Malaysia 1.76%
9. KGI Securities Investment Trust Co., Ltd. 1.34%
10. AIA Investment Management Private Limited
1.29%
11. Eastspring Investments (Singapore) Limited 1.26%
12. Macquarie Group, Ltd., Banking & Securities Investments 1.26%
13. State Street Global Advisors, Inc. 1.25%
14. GIC Private Limited 1.23%
15. Principal Global Investors, LLC 1.04%
16. Norges Bank Investment Management 1.04%
17. Dimensional Fund Advisors LP 0.64%
18. Kenanga Investors Bhd. 0.54%
19. Norraesah Binti Haji Mohamad 0.54%
20. Affin Hwang Asset Management Bhd. 0.4%
21. BNY Mellon Asset Management 0.15%
22. Danske Capital Denmark 0.14%
23. Ashmore Investment Advisors Limited 0.14%
24. AIIMAN Asset Management Sdn Bhd 0.14%
25. AIA Pension and Asset Management Sdn. Bhd. 0.13%

Will it breaks 0.80 today? Market has voted for Zetrix with a 19.2% gain @USDT5.96!...Ini kalilah! let's vote for Myeg!...tut tut

Since Myeg's E-Services for Government is guaranteed for another 2 to 3 years. With new income streams from Zetrix coin listing & Ztrade launching. There will be another profitable quarter & dividend coming? Price will go back to January range of 0.89 to 0.95 sooner or later once the pumping starts. Better buy before Mr. Wong does...tut tut

Blue Sky Target Price 3.73!
Target Price 1.18
Resistant 1.01
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.82
Support 0.795
Price 0.795~0.80
Verdict: Uptrend is still intact!

VT owns 46% of 7even Eleven, most probably will ask BJCorp to buy over his shares at inflated price since BJCorp now cash rich from sale of BJEnviro?....
https://www.marketscreener.com/quote/stock/7-ELEVEN-MALAYSIA-HOLDING-20707989/news/Vincent-Tan-Mulls-Selling-7-Eleven-To-Berjaya-Corp-34475202/

Already on downtrend, if VT pumps once more time better take profit while the going is still good...tut tut
"VT goreng Bjcorp until hangus.
Then VT goreng Bjfood until hangus. Now VT goreng Redtone, when hangus is just a matter of time..."

Already exited...oh yes remember not to catch a falling knife...tut tut

Bye for today... let's ride the next wave at Iris?... Tut tut

Morning...tut tut

Good show today...tks Salute...next round Iris?... tut tut

Morning...tut tut

After Salute, do visit Iris...tut tut

Morning...tut tut

Morning...tut tut

VT needs to be decisive on privatisation moves for BJLand the crown jewel of Berjaya to fuel interest in Berjaya stocks similar to LTAT move to privatise Boustead?...

https://www.nst.com.my/business/2023/03/885431/privatisation-headlines-fuelled-rally-boustead-stocks

You are right! BJCorp needs to take drastic actions to restructure it's biz by taking BJLand & BJAsset private like LTAT taking Boustead private for effective restructure, otherwise VT's so called corporate moves are merely cosmetic with recycling main actors and bound to fail...