joining in the party....maybe too late? have to see next week it seems.

Warrant also got bonus....good la...

https://www.theedgemarkets.com/article/pharmaniaga-myeg-under-scrutiny-monopolistic-ways

Cheers

http://www.theedgemarkets.com/article/putrajaya-cancels-4-ipp-projects-says-yeo

http://www.theedgemarkets.com/article/no-more-middlemen-hiring-foreign-workers-next-year

PE 14, not cheap enough yet.

http://www.theedgemarkets.com/article/cashless-wave-lift-revenues-growth

But why is EPF still acquiring?

what on earth happened?

Wahliao...very overpriced even at this level. PE >60????

apolloang also in this counter ah? bagus

no need to fight, those who bought at high will cry, those who bought low will be happy. simple

sellers more than buyers....

unless bought at too high a price la...lol

how high can it go?

something is really wrong with this?

PE still single digit, can go up more

Maybank Investment Bank gave the following:
Share Price:

MYR1.63

Target Price:

MYR1.95

Recommendation:

Buy

finally the directors are disposing....

so quiet dy?

i already took profit today, switched to another one

hi guys, I'm in

oklah then i chao also and find other counters la....at least got some pocket money in hand dy.

apolloang, don't angry, got $ we make together....r u into this counter too?

how high will it go today? 0.8 already hit.

follow the zhuge liang principle: 天時(external factors) 地利(fundamentals)人和(volume)

most likely hit 0.8 today

TP 0.84 ma..

0.41

good movement and good buying support. I'm in.

congrats to everyone :)

humaira, "that will be 2 months and 2 days by today. This is the longest he hold right now." who are you referring to?

this counter looks interesting...

this business lots of competition la....difficult

booster came. took profit. will look again if it drops.

green again after being in the red for the morning session. healthy correction.

not all IPOs make money. Just have to do your own homework

appolloang, you got your MI at low, I dare not chase....so I stick to REVENUE after taking profit from MYEG.

taking profit and moving on....great ride

MyEG: To market CIMB Bank Philippines' products soon. My E.G. Services (MyEG) will market CIMB Bank Philippines Inc's (CIMBPH) financial products on its associate I-Pay MYEG Philippines Inc's (IPMPI) digital services and platforms to eligible individuals in the Philippines soon. IPMPI has entered into a memorandum of agreement (MoA) with CIMBPH for the purpose. The MoA will be effective for 3 years from the date CIMBPH commences its banking operations, which is expected to be in the near future. The MoA has no fixed value and is dependent on the customer take-up of CIMBPH's financial products through IPMPI's channels. (The Edge)

KUALA LUMPUR (June 21): My E.G. Services Bhd (MyEG) is the top active counter on the stock exchange today following the announcement of a memorandum of understanding (MoU) inked between its associate company in Philippines, I-Pay MyEG Philippines Inc (IPMPI), and Cagayan Economic Zone Authority (CEZA) yesterday.

MyEG's share price jumped by 2% or 2 sen to RM1.02 with about 31.8 million shares traded.

The MoU is to allow IPMPI to be registered as a financial technology solutions business enterprise license applicant to act as a payment processor and payment gateway business enterprise for offshore transactions in the Philippines, specifically within the Cagayan Special Economic Zone and Freeport.

CIMB Equity Research highlighted the announcement as positive news and development for MyEG, as CEZA is the second regulator in Asia to legalise and regulate cryptocurrency exchanges with the first being in Japan.

"We learnt from MyEG that IPMPI is expected to operate a payment gateway for the cryptocurrency exchanges operating in the Philippines, where people can deposit money into their crypto accounts using their credit cards. MyEG expects IPMPI to get 0.2% of the credit card fund inflows," CIMB analyst Nigel Foo said in his note released yesterday evening.

CIMB is excited by the huge potential for IPMPI, depending on how fast and how big the cryptocurrency exchanges take off in the Philippines.

It added that a potential tie-up for MyEG's 40%-owned Philippine joint venture, I-Pay Commerce Ventures (IPCV), with a regional bank to offer micro loans to Philippine citizens over the next few months is also another exciting new development for the company.

"We understand the average micro loan in the Philippines is around US$1,000 (RM4,000). MyEG believes the demand for micro loans will be strong and targets a 20-30% take-up rate from customers of IPCV, with IPCV potentially getting US$25 commission per micro loan (which is 2.5% commission on a US$1,000 loan)," it noted.

The research house has maintained its "add" recommendation for MyEG with a target price of RM1.22.

not unless they bought very very low during the post-GE14 meltdown.

YuckyChicken, why not? See AirAsia back up again

substantial shareholders disposing

KUALA LUMPUR (June 11): My EG Services Bhd (MyEG), which has been actively traded since last month, started the week on Bursa Malaysia's top actives list, after it announced launching its Volvo Car Leasing last Friday.

At 10.27am, MyEG was up 4 sen or 4.68% to 89.5 sen, with 62.44 million shares traded.

In a filing to Bursa Malaysia last Friday, it said the leasing service will enable customers to enjoy a stress-free Volvo ownership, minus the usual financial strain of a hire-purchase agreement.

Volvo Car Leasing is the first for Volvo Cars in Southeast Asia, and it offers customers an opportunity to drive a Volvo worry-free with the insurance, road tax, maintenance cost and warranty covered, said MyEG in the filing.

Apart from the Volvo Car Leasing, MIDF Research analyst Martin Foo told theedgemarkets.com that the stock is seeing some recovery after it was oversold. "Earlier the stock has been overdone, so now, we're seeing some recovery," said Foo.

what's with eduspec in the myeg thread? trying to catch water fish?

Some sharks queuing to buy >5mil shares at closing hours.

KUALA LUMPUR (June 4): My E.G. Services Bhd (MyEG) said news articles which appeared to insinuate that the company's contract for the management of illegal foreign workers for rehiring in Malaysia was terminated on an ad hoc basis were inaccurate and misleading. This is because the project is adhering to its existing prescribed deadlines, MyEG said.

In a filing with Bursa Malaysia today, electronic government services specialist MyEG said it had on Jan 23, 2017 announced that the company had on that day received a notification letter from the Home Affairs Ministry in relation to the extension of the project until Dec 31, 2017 instead of Aug 15, 2016.

"Furthermore, the board wishes to clarify that new registration under the project had ceased since Dec 31, 2017 in accordance to the MOHA's (the ministry) letter dated Jan 23, 2017," MyEG said. The company said the June 30, 2018 closing date as stated in the news articles "is the grace period to allow all remaining registrants to complete all pending procedures under the project".

"Therefore, the issue of any ad hoc termination of the project, as alluded to in the news articles, does not arise as the project, which is intended to run for a fixed duration, is adhering to its existing prescribed deadlines. The board would like to assure all parties that there are no changes to its business activities and all concession and commercial services are operating as usual," MyEG said.

MyEG shares fell today, as much as 20.5 sen or 24% to 65.5 sen before paring losses. At 10:21am, the stock was traded at 69 sen with some 123 million shares transacted.

MyEG was Bursa Malaysia's most-active stock.

KUALA LUMPUR: MyEG Services share price fell to a low of 65.5 sen early Monday on concerns about the termination of the management of illegal foreign workers for the rehiring programme.

Bursa Malaysia Securities had at 9.09am suspended the proprietary day trading and intra-day short selling after the share price fell more than the 15 sen limit.

Before market opened for trading, MyEG issued a statement that the programme was already scheduled to end on June 30.

It had on Jan 23, 2017 announced it had received a notification letter from the Ministry of Home Affairs that the programme was until Dec 31, 2017 instead of Aug 15, 2016.

image: https://content.thestar.com.my/smg/settag/name=lotame/tags=Int_Jobseeker_BuilidingConstructionManufacturing,Int_Travel_International,Int_Property_Financing,Int_Travel,Int_Fashion_Beauty,Int_Travel_Local,Int_Property_Designer_Home,Int_Lifestyle_Health_Fitness,Int_Property_Investment,Int_Property_Affluent,Demo_Gender_Male_enr,Int_Business_Finance,Int_Jobseeker_Healthcare,Int_Food,Int_Lifestyle,Int_Business_Finance_Investors,Int_Food_EatingOut,Demo_Age_45to54_enr,all,Int_Entertainment,Int_Travel_Budget,Int_Sports_Football,Int_Tech_Telco_Cellular_WirelessDevices,Int_Travel_BahasaAudience,Int_Automotive_BahasaAudience,Int_Entertainment_LocalCelebrities,Int_Sports_Badminton,Int_Automotive_Affluent,Demo_Gender_Female_enr,Int_Business_Finance_PersonalFinancing,Demo_AffluentAudience,Int_Automotive,Int_Property_BahasaAudience,Int_Business_Finance_SME,Int_Jobseekers,Int_Entertainment_BahasaAudience,Int_Sports_SportsEvents,Int_Lifestyle_Environment,Int_Jobseeker_F_and_B,Int_Jobseeker_Finance,Int_Fashion_Beauty_BahasaAudience,Int_Travel_Business,Int_Property,Int_Sports,Int_Education,Int_Tech_Telco,Int_Food_BahasaAudience,Int_Entertainment_MovieLovers,Demo_BahasaAudience

“Furthermore, the board wishes to clarify that new registration under the project had ceased since Dec 31, 2017 in accordance to the Ministry of Home Affairs’s letter dated Jan 23, 2017,” it said

MyEG, an e-government services provider, said the June 30, 2018 closing date as stated in the news articles “is the grace period to allow all remaining registrants to complete all pending procedures under the project”.

It said there was no ad hoc termination of the project as it was intended to run for a fixed duration.

“The board would like to assure all parties that there are no changes to its business activities and all concession and commercial services are operating as usual,” it said.
Read more at https://www.thestar.com.my/business/business-news/2018/06/04/myeg-services-says-rehiring-project-was-set-to-end-on-june-30/#ifte3MfbyJw8vcKO.99