MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.89

Today's Change

+0.005 (0.56%)

Day's Change

0.89 - 0.90

Trading Volume

12,457,300


58 people like this.

57,689 comment(s). Last comment by winetime 13 hours ago

Posted by BursaVulture > 2 weeks ago | Report Abuse

myeg into crypto and bitcoin? die... run, glove 2.0

apple168

6,234 posts

Posted by apple168 > 2 weeks ago |

Post removed.Why?

Posted by 11wenhao11 > 2 weeks ago | Report Abuse

有输自然就有赢,第一天接触股票吗?

Posted by CarolineTeoh > 2 weeks ago | Report Abuse

Seems like the downturn of crypto market affects its NFT Pangolin business...

faridfet

154 posts

Posted by faridfet > 2 weeks ago | Report Abuse

@bursavulture is correct

James_Bond

136 posts

Posted by James_Bond > 2 weeks ago | Report Abuse

Average down MYEG at 0.83, 0.835, 0.84, all matched. Cheers!

James_Bond

136 posts

Posted by James_Bond > 2 weeks ago | Report Abuse

Invest in MYEG Now or Never... Rocketing up, sky the limit...

Posted by CarolineTeoh > 2 weeks ago | Report Abuse

Yes. Up up up.

Posted by gainmorenmore > 2 weeks ago | Report Abuse

KLCI up up up, MYEG up up up~

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

HLIB Retail Research – 22 June 2022

MYEG: An excellent e-government and reopening proxy

E-service provider. Listed in 2005, MYEG is Malaysia’s leading digital services company, providing a wide range of government (concession) and commercial services. These services include facilitating online payments for government services such as the renewal of vehicle road tax, foreign worker permits, and digital health travel pass system. Over the years, MYEG has been entrusted by the Malaysian government to provide vital services for JPJ, JIM, KKM, and more. Beyond Malaysia, MYEG has expanded its footprint into the Philippines, Indonesia, and Bangladesh markets. Still growing strong.

Although the contribution from MYEG's healthcare segment is expected to taper off following the gradual removal of Covid-19 SOPs (no quarantine or testing needed for fully vaccinated tourists), we believe this will be cushioned by MYEG's immigration segment as well as the road transport segments, which are deemed to be a prime beneficiary of border reopening. In particular, MYEG Immigration segment's matching and permit renewal services will likely to get a strong boost following the return of foreign workers amid acute labour shortages across most sectors. This is reflected by the group's strong 50k backlog orders for its foreign workers' matching services (vs. 24k headcount per year during pre-pandemic).

Also, with the commencement of the proof of concept (POC) for the automated driving test and training system, the official rollout of JPJ's e-testing system is expected to deliver ~RM50-60m earnings p.a. to MYEG. On the other hand, Zetrix's Blockchain-chain cross-border trade service platform that is slated to launch by July will allow MYEG to monetize Zetrix by charging gas fees on transactions, tracking fees on the supply chain traceability, as well as transaction fees on cross-border trades.

Grossly oversold. After plunging -20% YTD, MYEG is currently trading at an undemanding 16.7x FY23 P/E (33.2% lower than its pre-pandemic 5-year average of 25x). Technically, the hammer pattern formation on 17th June coupled with the oversold RSI indicate a potential rebound going forward. A successful breakout above RM0.90 will spur the prices toward RM0.92-0.96-1.00.

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

MYEG at 0.86, matched. Cheers!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Buy MYEG now, to claim back your loss in other counters! TP 0.90-0.92-0.96-1.00.

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Rocketing up in no time!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

MYEG is MY HARIMAU, ROARS, ROARS, ROARS!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Heard MYEG declaring good dividends coming month to reward beloved shareholders! Cheers!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Dear shorties, the more you short, the higher your losses, follow the uptrend signal, buy to claim back your losses.

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Buy MYEG and Kill the shorties!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Bought some MYEG at 0.865 to kick off the engine to rocket up to the MOON!

U1818

290 posts

Posted by U1818 > 1 week ago | Report Abuse

Anyone attended today's AGM? Any good news?

LossAversion

1,590 posts

Posted by LossAversion > 1 week ago | Report Abuse

Good news to be announced next one or 2 days, according to Wong

Posted by Investgaogao > 1 week ago | Report Abuse

Gogogo

Posted by CarolineTeoh > 1 week ago | Report Abuse

Yup. Look forward to this counter to fly

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Final Dividend 1.03 sen to award MYEG shareholders! Cheers!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Last portion of fund to top up MYEG at 0.86! Don't let me down, MYEG! Fly high above 0.90!

James_Bond

136 posts

Posted by James_Bond > 1 week ago | Report Abuse

Holding 3 million over MYEG shares... MYEG roars, roars, roars!

winetime

353 posts

Posted by winetime > 1 week ago | Report Abuse

80 soon ? lol

Posted by CarolineTeoh > 1 week ago | Report Abuse

Nice dividend announcement. Think will use them to average if it drops below 80 cents

winetime

353 posts

Posted by winetime > 1 week ago | Report Abuse

Hopefully having more good news ba... Myeg drop quite bad

KiasiPu

331 posts

Posted by KiasiPu > 1 week ago | Report Abuse

gogogo

Posted by georgeina88 > 1 week ago | Report Abuse

upupup

KooSan

126 posts

Posted by KooSan > 1 week ago | Report Abuse

cantik

Posted by gainmorenmore > 1 week ago | Report Abuse

Where is apple168? haha

Posted by CarolineTeoh > 1 week ago | Report Abuse

Fuyoo. Start breaking out. Go go go

stampid54

191 posts

Posted by stampid54 > 1 week ago | Report Abuse

Finally start going up....

Posted by gainmorenmore > 1 week ago | Report Abuse

Amazing this morning movement ~ ~"

Posted by CarolineTeoh > 1 week ago | Report Abuse

Yes. Keep going up

hornbill

799 posts

Posted by hornbill > 1 week ago | Report Abuse

Stay strong 90sen next level 95sen before break rm1

PunTatBerSiul

1,021 posts

Posted by PunTatBerSiul > 6 days ago |

Post removed.Why?

Posted by CarolineTeoh > 6 days ago | Report Abuse

Profit taking today... Wait for tomorrow de PCE index then see how

winetime

353 posts

Posted by winetime > 5 days ago | Report Abuse

Still on downtrend. Sad... Hopefully the share price can boots up soon

winetime

353 posts

Posted by winetime > 5 days ago | Report Abuse

Collect for coming GE ?

Posted by CarolineTeoh > 5 days ago | Report Abuse

Yup. If got free cash flow, collect some for the reinstatement of GST

TCH1186

119 posts

Posted by TCH1186 > 4 days ago | Report Abuse

yum yum

Posted by CarolineTeoh > 4 days ago | Report Abuse

Yesla. Steadily up

Income

1,211 posts

Posted by Income > 4 days ago | Report Abuse

It’s all in the graph. Study it. Good luck

Posted by CarolineTeoh > 1 day ago | Report Abuse

Yup. Seems like it will break out sooner or later

winetime

353 posts

Posted by winetime > 13 hours ago | Report Abuse

GST will definitely bring MYEG up...

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