MyEG 2Q profit up 26% to RM14m on higher transaction revenue

KUALA LUMPUR (Feb 27): Malaysia's e-Government services provider, MyEG Services Bhd, has posted a 25.7% increase in its second quarter net profit to RM14.09 million or 2.4 sen a share, for the three months ended Dec 31, 2014.

Revenue meanwhile has grown 26.9% to RM29.77 million, on the back of higher transaction volumes from its e-solution services with the Road Transport Department (JPJ) and Immigration Department.

MyEG plans to pay a dividend of five sen a share for 2QFY14.

For the six months to Dec 31, 2014, MyEG recorded a 32.3% higher net profit at RM26.13 million; while revenue inched up to RM57.49 million, from RM43.87 million previously.

On prospects, MyEG said the continued growth in the transaction volume of its existing services, primarily the online renewal of foreign workers’ permit and online transfer of vehicle ownership, is expected to drive its performance in the financial year ending June 30, 2015 (FY15).

"With our concession period extended for a further five years from May 23, 2015 to May 22, 2020, we will continue to focus on rolling out services from new and existing government agencies, which are relevant to Malaysians.

"At the same time, we will also expand our commercial and ancillary services, which will leverage on the co-branded card with RHB Bank Bhd," it added.

MyEG (fundamental: 2.6; valuation: 1.5) closed unchanged at RM2.50, with a market capitalisation of RM2.99 billion.

http://www.theedgemarkets.com/my/article/myeg-2q-profit-26-rm14m-higher-transaction-revenue?type=Markets

MyEG 2Q profit up 26% to RM14m on higher transaction revenue

KUALA LUMPUR (Feb 27): Malaysia's e-Government services provider, MyEG Services Bhd, has posted a 25.7% increase in its second quarter net profit to RM14.09 million or 2.4 sen a share, for the three months ended Dec 31, 2014.

Revenue meanwhile has grown 26.9% to RM29.77 million, on the back of higher transaction volumes from its e-solution services with the Road Transport Department (JPJ) and Immigration Department.

MyEG plans to pay a dividend of five sen a share for 2QFY14.

For the six months to Dec 31, 2014, MyEG recorded a 32.3% higher net profit at RM26.13 million; while revenue inched up to RM57.49 million, from RM43.87 million previously.

On prospects, MyEG said the continued growth in the transaction volume of its existing services, primarily the online renewal of foreign workers’ permit and online transfer of vehicle ownership, is expected to drive its performance in the financial year ending June 30, 2015 (FY15).

"With our concession period extended for a further five years from May 23, 2015 to May 22, 2020, we will continue to focus on rolling out services from new and existing government agencies, which are relevant to Malaysians.

"At the same time, we will also expand our commercial and ancillary services, which will leverage on the co-branded card with RHB Bank Bhd," it added.

MyEG (fundamental: 2.6; valuation: 1.5) closed unchanged at RM2.50, with a market capitalisation of RM2.99 billion.

http://www.theedgemarkets.com/my/article/myeg-2q-profit-26-rm14m-higher-transaction-revenue?type=Markets

Myeg QR report good....

Next week fly..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1889601

waiting to fly by next week.... wrooommmmm...

Semua dah kaya gila..

Homerize,BDB,Tenaga-C10 will cont riding by next week

Censof and Myeg on the way ?

Wahaha...

Anywhere Happy Weekend :)

ok ..tutup kedai ..
Homeriz and BDB up lagi.good..
Cont next week..

:)

Happy Weekend.

nice closing.. :)

mali mali...

CI turn green already.. :)

those still holding homerizt stay tune..rocket coming and with next target 1.35

Stay tuned. Keep and hold till 2nd tp:1.35

Homerizt Mali..

Just buy and hold and cut lose at Rm2.40 .. Lose 10 cent just around 4% but if rebound then may earn more than 60-80 cent with return around 24%-32% .

Risk and Reward : 1:8

Worth to buy or not then decide by yourself.

why i saw u all type with so many symbols ..is my side problem ? did u all see my typing with symbols also ?

semua dah kaya belum? haha

sapu homeriz ...1.3-1.4 coming ..

sapu from falling.. :)

r u using mobile ?

what happen to u 2 typing problem?

profit taking lol...today friday.. yesterday oil falling and to9 GDP with less expectation..

Pai tee Kong... Huat ahhhhhhhhh

tutup kedai...

Those got earn some to9 can buy roaster pig ''Pai Tee Kong''

Pai Tee Kong.....:)

future lost 4 points and hK lost half cent but now what also cover back with interest somemore..:)

Lets huat together until next week lah..keke

aiyo positive news flow in..what can do. dont againts the trend mah.. wahaha

fbmkl CK call warrant

My CK ..yum yum..up up more..

my word of course no effect.if effect i wont at here .but will broadcasting at marketwatch,bloomberg,and reuter.. :)

Tenaga CK up till 0.35 .congratulation those still holding Tenaga CK .

congratulation region..

Anyone still holding HOmerizt ?

Up from 1.04 to 1.15 ..

What next ?

Censof or Myeg?

Haha

semua sudah kaya belum?? haha

haha...i guess many ppl already sold liao..haha

just long nia...DJ and oil now rising...next week rocket lah..

Anyone still holding BDB ? now raised to 0.83 ..:)

Axia I heard many complaints..

Sabar lah.. See next week become what price first
.:)

I drive viva only that's why need wait for so long . :(

Now at car service minum coffee. Need to wait 2 hours.. Boring...

Finally ci green already..

region try myeg..risk and reward 1:8 .

mean u lose 10 cent buy earn 80 cent.

Nice to try..TA build with nice..

Stock Pick (Myeg)

Myeg may move another upside wave with RM3.30 .
Current Price :RM2.50
Cut lose :RM2.40
Risk and Reward: 1:8

Chart:
https://www.facebook.com/536182926525672/photos/a.536202076523757.1073741828.536182926525672/613762545434376/?type=1&theater


Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk.Any decision is your own responsible .Please set your own stop and take profit level .

Stock Pick (Myeg)

Myeg may move another upside wave with RM3.30 .
Current Price :RM2.50
Cut lose :RM2.40
Risk and Reward: 1:8

Chart:
https://www.facebook.com/536182926525672/photos/a.536202076523757.1073741828.536182926525672/613762545434376/?type=1&theater


Disclaimed :This is not a buy or sell call but just for ''Reference Only ''.Gila Saham is not responsible for any lost or misinformation and trade at your own risk.Any decision is your own responsible .Please set your own stop and take profit level .

grab some myeg

even i banana but still chinese mah..still celebrating chinese all events..haha..how is your loh san yesterday duit? huat already? haha

region u sapu hk izzit? i told jocky99 today CI may up how come i sapu HK ?

BTW censof still no news..sell on news ? :)

Based from my prediction last week that this week short and next week long but last 2 days due to yellen testimonial and the market reaction go up . CI yesterday push back last min from -10 to-2 . Show the upside momemtum still there . oil rebounded from 48 to 51. Conclusion upside bias still intact at this moment unless any negative news flow in tthen may change again .

today CI may go up ..region minum coffee dulu..jom..haha

yaya...dont sad...let tomorrow censof give u big ang pao.. :)

janganlah macam nie..i also pity leh..sometime predicted wrong also kena laugh ..haha...

here for sharing and discussion..the final is our hand..kenot blame and shoot anyone those provide the info .

jangan gaduh gaduh..treat everybody here as a family. nobody can be always right and wrong..sometime you may right sometime may wrong. dont pointer and laugh ppl when u r right and they r wrong.

Today is chu 7 is human birthday should cheerss and happy.

Lets huat together.. HUat ah... :)