Posted by skybursa > 2020-06-05 17:31 | Report Abuse

Myeg future actually is the expansion in Indonesia and Philippines. The market is both country are huge

Posted by LiimInvest > 2020-06-05 18:16 | Report Abuse

Pls Be patient

Posted by lee9fold > 2020-06-05 18:18 | Report Abuse

Posted by limec86 > Jun 5, 2020 5:30 PM | Report Abuse

When everyone disappoint with it, then it soars... =)

it happens everytime, when ppl feel hopeless already, throw like no tmr already, then the price start moving up LOL

Posted by Ikigai > 2020-06-05 18:55 | Report Abuse

Lets hope for the best. Gov already announce to focus on digitalization so most likely will benefit myeg

Posted by cheng3333 > 2020-06-05 19:25 | Report Abuse

According to MyEG, approximately 19% of total revenue is from eGovernment services. The rest is from MyEG’s commercial-based services.

Posted by cheng3333 > 2020-06-05 19:31 | Report Abuse

10 things I learned from the 2019 MYEG AGM

https://fifthperson.com/2019-myeg-agm/

Posted by Riaz1954 > 2020-06-05 19:32 | Report Abuse

The bad thing is there is no defence or explanation from the management! Must be sleeping or busy investing in rubber shares. We have had suspension for no reason,various announcements but no update on contract. In contrast see Aiar Asia made announcement straightaway about possible funding or share placement. As investors communications is important. Let see

Posted by stressedesserts > 2020-06-05 19:58 | Report Abuse

https://m.facebook.com/itradeislamicmy/videos/199930797735296/?vh=e&d=n Watch the presentation here for business overview, covid impact and discussion on concession renewal

Posted by halimboss > 2020-06-05 20:11 | Report Abuse

The butchering of Myeg.
Sunset.

Posted by cheng3333 > 2020-06-05 20:15 | Report Abuse

She said this is attributed to the company’s proven track record in delivering the services since 2001 coupled with large scalability for over-the-counter locations.

“Despite the risk of new entrants, we believe it will be a huge challenge for a new player to provide e-government services as MyEG had set a high benchmark for others to emulate,” Afifah said in a research note yesterday.

Afifah also did not discount the risk of MyEG’s e-government licence to be terminated, hence resulting in lower earnings.

“Should this scenario occur, for example; MyEG to forgo the e-government services and accounting for 20% of its revenue, our forecast implies earnings growth trajectory at three-year compound annual growth rate of only 1.3% over financial year 2019 to 2022 forecast from non-concession businesses,” Afifah said.

https://themalaysianreserve.com/2020/02/13/myeg-remains-a-contender-in-e-govt-licence-contracts/

Posted by cheng3333 > 2020-06-05 20:18 | Report Abuse

the worst case scenario is flat earning growth for the next three years

Posted by Vanbasten > 2020-06-05 21:00 | Report Abuse

Salute you halimboss u are the genuine blogger through this all.....

Posted by LiimInvest > 2020-06-05 22:11 | Report Abuse

*My E.G. Flash Updates (MYEG MK/BUY/TP:RM1.50)*

Today’s share price softness probably reflects concerns of a change in government. Nevertheless, the company remains positive that it’ll soon get e-gov concession renewal letter. It’s also confident in clinching the NIIS contract.

- *we understand that the Ministry of Human Resource’s officially launching MYEG’s one stop Covid-19 e-portal service* this weekend. This portal enables employees on Socso claims process and to arrange for Covid-19 testing.

- Currently, they are focusing on screening the foreign workers first, but MYEG also anticipates the opportunity to eventually extend its screening for inbound and outboard business travellers too (eg essential business travelers between SG-China are not subject to quarantine but need to be tested).

- *Driving license renewal and motorbike renewal service* to start on coming Tuesday.

- *Concession renewal for e-government services* and *Immigration Related Services* - expects official letter by early next week.

- *National Integrated Immigration System (NIIS)* which has an indicative contract value of RM1.2b-1.6b *will be awarded before 15th July’s parliament meeting*. MYEG has formed a consortium with S5 and HeiTech Padu to bid for this contract.

Posted by LiimInvest > 2020-06-05 22:14 | Report Abuse

Next week fly like rocket

Posted by EngineeringProfit > 2020-06-05 22:15 | Report Abuse

Wait for me to buy in first lah, bro

Posted by Fabie > 2020-06-05 22:17 | Report Abuse

@ LiimInvest Could you pls share your source?

Posted by LiimInvest > 2020-06-05 22:35 | Report Abuse

Fabie@ I get it from UOB Kay Hian.

Posted by EDINVESTOR > 2020-06-05 22:35 | Report Abuse

AIRASIA is in financial crisis. If they remain quiet where to get desperate funding? MYEG fundamentals still sounds. Futures earnings are mostly coming from Indonesia & Philippine. Malaysia market was not as big as those countries. Always talk about local government contracts expiring but you forgotten that MYEG planning for future venture? Digital banking industry was one of them. Expanding overseas business is the priority as population growth in Indonesia & Philippines are high. Both country are experiencing high growth especially Philippine.

Posted by investpeople > 2020-06-05 22:47 | Report Abuse

buy & buy some more next week while the price on the dip, before it goes up again

Posted by stocksyndicate > 2020-06-05 22:50 | Report Abuse

Too many ikan bilis buy but panic when the price drop. Can't afford risks don't invest. No duit jangan beli

Posted by LiimInvest > 2020-06-05 22:50 | Report Abuse

Still not too late. Can accumulate on next Tuesday. I don’t know why all so panic to sell today. Please be patient & don’t listen to rumour news. They are not hold MYEG’s share.

Posted by cheng3333 > 2020-06-05 23:09 | Report Abuse

buy before it reaches TP rm6

Posted by kobethebeagle > 2020-06-05 23:20 | Report Abuse

It won't reach RM6, realistic TP is 1.5, then 1.7 next.

Posted by viva20 > 2020-06-06 01:07 | Report Abuse

Target price 1.70 at end of May.

Posted by Isabelle > 2020-06-06 01:21 | Report Abuse

May?

Posted by bryn97 > 2020-06-06 01:25 | Report Abuse

what??

Posted by viva20 > 2020-06-06 02:28 | Report Abuse

https://www.theedgemarkets.com/article/myeg-gets-temporary-extensions-egovt-service-concessions-pending-final-decision-putrajaya

Posted by ASB79 > 2020-06-06 06:20 | Report Abuse

https://www.theedgemarkets.com/article/sinotop-board-mypay-take-myeg

Posted by skybursa > 2020-06-06 06:48 | Report Abuse

SINOTOP is owned by China company. Malaysia government will not risks given the china access to the country national information. Cybersecurity is a big risks believed me

Posted by Sashay88 > 2020-06-06 07:01 | Report Abuse

https://themalaysianreserve.com/2020/05/14/datasonic-to-reign-on-contract-extension-and-new-project-awards/
Is this still ongoing ?

Posted by Isabelle > 2020-06-06 07:41 | Report Abuse

@Sashay88

We are talking about myeg and not dsonic

Posted by Tedinvestor > 2020-06-06 08:07 | Report Abuse

Don't worry about changing government. Tun already no more power

Posted by kobethebeagle > 2020-06-06 08:16 | Report Abuse

Even if change government, e-govermnent service is still needed. The contract will be open tender, with MYEG capabilities, they still have a very high chance to win.

Posted by stocksyndicate > 2020-06-06 08:42 | Report Abuse

Will top 2.00 by year end. Overseas contributions

Posted by LiimInvest > 2020-06-06 08:54 | Report Abuse

Wow wow

Posted by LiimInvest > 2020-06-06 09:02 | Report Abuse

*My E.G. Flash Updates (MYEG MK/BUY/TP:RM1.50)* - "Source: UOB Kay Hian"

Today’s share price softness probably reflects concerns of a change in government. Nevertheless, the company remains positive that it’ll soon get e-gov concession renewal letter. It’s also confident in clinching the NIIS contract.

- *we understand that the Ministry of Human Resource’s officially launching MYEG’s one stop Covid-19 e-portal service* this weekend. This portal enables employees on Socso claims process and to arrange for Covid-19 testing.

- Currently, they are focusing on screening the foreign workers first, but MYEG also anticipates the opportunity to eventually extend its screening for inbound and outboard business travellers too (eg essential business travelers between SG-China are not subject to quarantine but need to be tested).

- *Driving license renewal and motorbike renewal service* to start on coming Tuesday.

- *Concession renewal for e-government services* and *Immigration Related Services* - expects official letter by early next week.

- *National Integrated Immigration System (NIIS)* which has an indicative contract value of RM1.2b-1.6b *will be awarded before 15th July’s parliament meeting*. MYEG has formed a consortium with S5 and HeiTech Padu to bid for this contract.

Posted by kobethebeagle > 2020-06-06 09:43 | Report Abuse

Very very high chance to get NIIS, and with the recent syariah compliant, it seems like a preparation for big investors to come in!

Posted by stocksyndicate > 2020-06-06 09:53 | Report Abuse

Why I predict a TP 2 ? Coz next year 2021 world economy will recover from covid-19. I strongly believed 2021 will be a major bull market. By than MYEG should be way above 2.50. Economy will drive up the stock market

Posted by Peace99 > 2020-06-06 10:12 | Report Abuse

Stressedesserts: thanks for the video link, impressed by the myeg presentation, and it's smart business plans, especially the expansion to Philippines and Indonesia!!

Posted by TopEarn1 > 2020-06-06 10:15 | Report Abuse

MYEG is always syariah compliant la. It is just moved into the syariah index only ok. I dont understand why people say islamic fund can buy in MYEG after the index move, whereby all the while they can buy in as MYEG is always syariah compliant. I can conclude that too many inexperience people in KLSE now and all in these high volume stock.

I noticed Kobethebeagle mention if closed above 1.29 is a good TA. Then change the goal post to above 1.25 (so now they closed 1.24, does it mean bearish now?). I honestly never trust TA because goal post shift can be done like how Donald Trump change his numbers on COVID-19 death. I can conclude that too many new "sifu" borned out at this timing and speculator is too enormous in KLSE now.

I reserve no comment on MYEG while I rather wait for solid concrete proof of the contract topic to invest.

Posted by Riaz1954 > 2020-06-06 10:35 | Report Abuse

Stressedeserts thanks for loading presentation by MyEg, hosted by itrade CIMB. Very informative and well presented by Ben. Take aways are that MYEG are confident the Concession contract and sub contracts would be renewed and there is no re-tendering taking place. Therefore very likely the contract would be renewed for at least 3 years. Waiting for govt to revert back. This should be put in MYEG financial page. Also useful on current business situation and offshore initiatives.

Posted by kobethebeagle > 2020-06-06 10:49 | Report Abuse

Close above 1.29 is good, close above 1.25 is safe, so now it closes at 1.24, which is not a bullish sign yet. Tuesday closing will be important. You can look at the candlestick chart, each time it drop, strong buyer support will push it back up, forming a long wick at bottom, means this stock won't free fall, and on Tuesday we will see a small candle body, which is a sign of price reversal.
I talk with market analysis and chart reading, not like some trolls here who just post one word run, drop, sell without any proper explanation.

Posted by kobethebeagle > 2020-06-06 10:50 | Report Abuse

Stock market is investment, we look at short term and long term target, not one day gain. Want one day gain please wait for genting to reopen.

Posted by kobethebeagle > 2020-06-06 11:15 | Report Abuse

For the FTSE Bursa Malaysia Hijrah Shariah Index, new additions are DiGi.Com Bhd, MyEG Services Bhd and Supermax Corp Bhd.

AirAsia Group Bhd, SP Setia Bhd and UMW Holdings will be deleted from the FTSE Bursa Malaysia Hijrah Shariah Index.

Posted by Tedinvestor > 2020-06-06 11:17 | Report Abuse

The future is all about technology stocks. Oil and gas, plantation, leisure, gambling, and manufacturing are no longer in focus in US trading. Like I used to said follow the changes. Technology is the future key investment

Posted by Tedinvestor > 2020-06-06 11:26 | Report Abuse

MAYBANK & cimb overseas banking in Indonesia and Thailand are growing with strong profits. Overseas market are bigger when the population growth is around 3%. Philippine and Indonesia are growing faster than local markets.

Posted by premnor1 > 2020-06-06 11:26 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/06/06/new-player-looking-to-challenge-myeg

Posted by yanngng > 2020-06-06 11:58 | Report Abuse

Can sinotop replace myeg?

Posted by LiimInvest > 2020-06-06 12:29 |

Post removed.Why?

Posted by kobethebeagle > 2020-06-06 12:49 | Report Abuse

Sinotop can be an alternative, but it can not replace MYEG because it is impossible. For example AEON Supermarket and Kedai Runcit Kobe, both selling runcit stuff, but can Kedai Runcit Kobe replace AEON in one night?