Posted by nokia8250 > 2020-06-29 11:42 | Report Abuse

@rich_healthy : He didn't have money to see doctor. I posted that his bet on genting which he claim he bet everything on it to go down and that he will be dead if it didnt, the share didn't go down but UP so, he probably is dead broke by now trying to manipulate everyone to see if he can and then make some money from futures and options. Which is why he posted almost the same comment in several counters. Thinking these few post will bring the entire KLSE down with his power of words. And now that KLSE is down because of external factors, Covid fears, but he thinks it is his doing and its working. Let him think so. He can't debate with facts and evidence. He will ignore.

Posted by EmperorFund > 2020-06-29 11:44 | Report Abuse

All is done and reported this few months...moving to step 3...the last announcement before u say goodbye to all ur hard-earned savings..

Posted by EmperorFund > 2020-06-29 12:05 | Report Abuse

Lol...Dont exit...Sit still and face ur executioner...the more u move...the more painful it gets

Posted by Mk Jr > 2020-06-29 12:30 | Report Abuse

emperorfund. connect is sinking. omg. talk only. lol

Posted by EDINVESTOR > 2020-06-29 13:10 | Report Abuse

Your paper gain dropping. Selllllll before it gone

Posted by Superb99 > 2020-06-29 13:21 | Report Abuse

Sienz, keep dropping...no support at all

Posted by nokia8250 > 2020-06-29 14:00 | Report Abuse

@MK_Jr : Pundekemporer is probably hired by Dsonic or something to throw others down.

Posted by EmperorFund > 2020-06-29 14:44 | Report Abuse

I said once more...MYEG is worth RM 1.2 - 1.29 !

Believe or begone..

The choice is urs..

Posted by Rich_healthy > 2020-06-29 14:49 | Report Abuse

EmperorFund, is it told by your non reliable sources?

Posted by Rich_healthy > 2020-06-29 14:49 | Report Abuse

Or it is just solely based on your non reliable judgment?

Posted by EmperorFund > 2020-06-29 15:07 | Report Abuse

Based on my driving license...i am not colour blind..


I can tell RED from Green..


Let me guess...u failed ur driving test?

Posted by Kumaraes > 2020-06-29 15:23 | Report Abuse

Coming rite now!

Posted by ASB79 > 2020-06-29 15:26 | Report Abuse

@Kumaraes - yes bro, looks like its inching up. Hope the QR is out today - so there is a week of running the price up!

Posted by Kumaraes > 2020-06-29 15:31 | Report Abuse

I bet one of the fund accumulated already... now from here gonna be uptrend... Good luck guys

Posted by Riaz1954 > 2020-06-29 15:46 | Report Abuse

This forum should be informative, but taken over by street sellers. Up or down there is always rationale argument, no need to sue this forum to irritate folks!

Posted by Loop37 > 2020-06-29 15:53 | Report Abuse

Agreed. Hecklers treating this forum like some sort of kedai kopi talk. So childish and immature

Posted by Rich_healthy > 2020-06-29 16:03 | Report Abuse

Riaz1954, you are right.

Posted by Riaz1954 > 2020-06-29 16:12 | Report Abuse

Results more like tomorrow along with contract extension news? Or is it today? Anybody’s guess. Sufficient buyers stabilising the price.

Posted by Riaz1954 > 2020-06-29 16:22 | Report Abuse

Buying volume suggests 58% yet price does not move. It is being suppressed unless the volume no’s are not correct!.

Posted by Rich_healthy > 2020-06-29 16:23 | Report Abuse

Nobody would know unless someone has the insider news. But you wouldn't sure how reliable is the information (so-called insider news) given by anybody here unless showing a solid proof..

Posted by ikenduit > 2020-06-29 17:25 | Report Abuse

They are indeed immature child with some money privilege to gamble.

Posted by skybursa > 2020-06-29 18:35 | Report Abuse

Everyone purely guessing & so are funds such as EPF. News leak is considered crimes for insider trading. You can choose to take risks or avoid it. May luck be with you

Posted by JustForFund > 2020-06-29 18:57 | Report Abuse

https://www.malaysiastock.biz/GetReport.aspx?file=2020/6/29/0138%20-%201852376748002.pdf&name=MYEG%20Qtrly%20Report%20QTR1%20FY2020.pdf

Posted by yukang89 > 2020-06-29 19:06 | Report Abuse

QR is out..still making money! YOY improved ! tomorrow share price up !

Posted by Riaz1954 > 2020-06-29 19:08 | Report Abuse

Not bad all things considered. Amongst few companies that are profitable!

Posted by ikenduit > 2020-06-29 19:08 | Report Abuse

@yukang89. Thanks for sharing

Posted by Riaz1954 > 2020-06-29 19:08 | Report Abuse

No update on renewal contract? It was extend up to 30 June, so should have had an update!

Posted by mf > 2020-06-29 19:16 | Report Abuse

Write a comment..gap down

Posted by ikenduit > 2020-06-29 19:21 | Report Abuse

A bit strange to have contract renewal update be it good or bad on the last day itself. There's no news on new concessionaire either.

Posted by LiimInvest > 2020-06-29 19:27 | Report Abuse

Good . Make 58.8 mil within 3 months. Although no grow. But proof business sustainable

Posted by pang72 > 2020-06-29 19:29 | Report Abuse

No special catalyst. It is diif.

Posted by pang72 > 2020-06-29 19:30 | Report Abuse

Wait for market crash then shopping

Posted by skybursa > 2020-06-29 19:30 | Report Abuse

Profitable position are important in this depression environment. Most companies listed in Bursa are experiencing losses.

Posted by Lychien20 > 2020-06-29 19:51 | Report Abuse

too many call warrants therefore price control by IB very tight .

Posted by Ncm88 > 2020-06-29 20:14 | Report Abuse

anyone explain the increase in cash 100m?

Posted by Riaz1954 > 2020-06-29 20:26 | Report Abuse

You don’t need catalyst for share to move forward. The question surely is that it’s underpriced or overpriced? Given its performance surely it should be priced around 1.75 or higher, assuming current revenue stream is maintained

Posted by mf > 2020-06-29 20:27 | Report Abuse

down

Posted by High5 > 2020-06-29 20:38 | Report Abuse

If 2molo can hv icing on the cake wt news of contract extension by govnt..then my eg wil take center stage fr glove counter...

Posted by clon12 > 2020-06-29 20:43 | Report Abuse

I don't think the price will be affected much from the QR, mainly because it is expected that the results will be somewhat similar since nothing much has changed during the quarter (MCO started mid March). The main focus here is the concession renewal. If renewed, it will shoot up but if not then expect gap down. However, even if gap down there will still be investors who is confident of the company's earnings as they are not relying only on the concession contract.

TBH there is no other competitor that is able to replicate what MYEG is doing now, to award to another company would cause some transition problem as MYEG's infrastructure is already established. In the time where stability is desired, the way forward is to renew contract for another 3 years with extension in mind if required.

Posted by TtreeInvestor > 2020-06-29 20:55 | Report Abuse

If the concession is not renewable, then this quarter result will also reflect the impairment loss on the system related to this.

Apparently, nothing found in this quarter result.

Posted by Riaz1954 > 2020-06-29 21:01 | Report Abuse

Clon12 spot on. MYEG is good at what it does. Let’s hope sanity prevails in contract extension. There is no justification for any other action, assuming contract renewal is based on performance.

Posted by Riaz1954 > 2020-06-29 21:17 | Report Abuse

So far the feed back in the press on 1 Qtr performance is positive. Surprised there was no mention in the qtr results on the contract in the forward looking statement? Perhaps it’s given!

Posted by GrahamNewman > 2020-06-29 21:18 | Report Abuse

Too much nonsense here with people judging the business base on share price and not financial statements. But well it makes the job easier for me to exploit them.. who’s here holding sub 80 cents and just looking at these clowns waiting for certain price? They thought they would have the conviction to catch the falling knives but when the knives does fall, their convictions all but evaporated. Funny behaviour indeed these Traders showed.

Posted by ych00ng > 2020-06-29 21:44 | Report Abuse

clon12 totally agree with you.

Posted by MichelleNg > 2020-06-29 22:03 | Report Abuse

No news on government services contract renewal or extend. Tomorrow is due date. No news is good news?

Posted by tien171 > 2020-06-29 22:09 | Report Abuse

no news is bad. it will be under pressure to go DOWN . just like last month !

Posted by icst1975 > 2020-06-29 22:14 | Report Abuse

A summary base on MYEG Q1 2020 Report:
Very good Q1 2020 results despite COVIC-19 lock down. Very strong operating cash flow, operating profit of 68.7m, which is 17% higher than the net profit of 58.8m. The Company is very cash rich. The current assets 507.8m exceeds the total liabilities by RM145.9m. On top of this, the Company has bought back a total of 148.2m MYEG shares which were retained as treasury shares. As at 1 June 2020, this had increased to 152.1m shares. At current market price of RM1.4, treasury shares are worth another RM212.8m

Digital and commercial services accounted for around 80% of the Group’s
revenue as compared to e-government services which accounted for around 20% of the Group’s revenue.

OPERATING PROFIT RM68,712,000

CASH FLOWS FROM OPERATIONS RM109,736,000
NET CASH FROM OPERATING ACTIVITIES RM106,737,000
CASH AND CASH EQUIVALENTS AT END OF 31Mar 2020 RM 164,935,000

CURRENT ASSETS RM507,816,000
CURRENT LIABILITIES RM228,589,000
TOTAL LIABILITIES RM361,901,000

PROSPECT OF THE GROUP
For the financial year ending (“FYE”) 31 December 2020, MYEG will continue to introduce
innovative services leveraging on new technology in the country as well as within our regional
presence in Asia, to drive our organic growth for FYE2020.
The unprecedented COVID-19 pandemic has certainly created severe impact to humanity with
lives being lost to the pandemic, borders closed in most countries around the world and economy
of those countries grinding to a temporary halt due to the lockdown imposed by the Governments
around the world. Malaysia is no exception to these impacts. While there are economic
uncertainties arising from the impact of this pandemic, we continue to believe that our business is
resilient as during the lockdown, online services will be in greater demand. The pandemic also
presents new opportunities for MYEG to introduce innovative online services. This is evident by
the introduction of the COVID-19 health screening as a result of the pandemic.
Despite these challenges and barring any unforeseen circumstances, the Board are cautiously
optimistic that the long-term outlook for MYEG continues to remain positive as we continuously
introduce innovative services in the country and as well as within our regional presence.

As at 31 March 2020, a total of 148,165,100 MYEG shares were retained as
treasury shares in the Company. None of the treasury shares held were resold or cancelled during
the financial period ended 31 March 2020.
29/06/2020 9:55 PM

Posted by Redplanet > 2020-06-29 22:28 | Report Abuse

positive catalyst for the foreign worker ecosystem in general and for the Group’s burgeoning recruitment / matching

Posted by icst1975 > 2020-06-30 00:27 | Report Abuse

MYEG BUSINESS OUTLOOK ( summarised from 2019 Annual report; 29 June 2020)

A strong foundation has been laid for promising business growth in four countries, Malaysia, Indonesia, the Philippines and Bangladesh. MYEG has the first mover advantage to serve e-government and manylinked ancillary services (that yield the bulk of revenue) in a combined market of 600 million-plus people.

Key milestones achieved in 2019- April 2020 include:

Jan 2019 - MYEG secured regulatory approval for ‘PayEasy’ electronic money application. Courier service licence renewed. This is important in providing an end-to-end service to customers. Strengthen leading position in the Philippines with MYEG Insurance, an online insurance portal that allows consumers to buy insurance coverage packages online.

April 2019- the Group invested RMB10 million for a 3.03% stake in China-based education technology company Jingle Magic (Beijing ) Technology Co. This provided MYEG with access to a wide range of proprietary VR, AR and AI technologies which could revolutionaries user experience and service delivery in future.

June 2019- significant step made in penetrating Malaysian fintech industry when MYEG Islamic Finance was incorporated to undertake Islamic financial lease activities and other Islamic credit provision offerings

July 2019- Malaysian government’s reactivation of automatic foreign worker replacement programme was a positive catalyst for the Group’s burgeoning recruitment / matching services under MYEG Jobs. Entered an agreement to subscribe 40% equity stake in Indonesian e-government solutions company PT Cartenz Inti Utama (“Cartenz”). MY EG and Cartenz are working together to secure and implement government mandates for the real-time monitoring of business transactions for tax computation purposes across Indonesia. Pilot programme in Jakarta are well received. The Group has since been contracted by seven other provincial governments to deploy , on a chargeable basis, the tax monitoring system in up to 30 cities. Pilot installations have commenced across these seven provinces. Our roll-out in Indonesia is likely to be much faster, and entail lower expenditure, than initially anticipated. This widens the Group’s presence in Indonesia’s retail sector and brings closer to realising our ambitions of having a market-leading footprint of installations within the next few years.

November 2019- launched first phase of e-government services via IPAY MYEG in partnership with Land Bank of the Philippines, firmly established ourselves as the premier one-stop e-government portal in the country of over 100 million people. This development comes after the many prior successes in establishing strategic collaborations with a wide range of partners, both government and private entities in the Philippines. They include the National Bureau of Investigation’s online payment and clearance system, payment gateway solutions for Quezon City and other local government units and government agencies, and the marketing of digital financial services for CIMB Bank Philippines, Inc.

MYEG presence in Bangladesh was cemented through a 40% equity interest in MY EG (BD) Ltd, held via the Company’s wholly owned subsidiary MYEG (Bangladesh) Sdn Bhd.

Jan 2020 – Launched MYDATA-SSM digital services that allows public to access information on companies and businesses incorporated and registered in Malaysia via the MYEG portal. Services available via MYDATA-SSM include online company search features as well as retrieval of business profiles and provision of certified true copies of Companies Commission of Malaysia (“CCM”) certificates and forms.

April 2020 - commenced a pilot implementation of MyEGuard, a contact tracing smartphone
app with dynamic QR colour code-based health profiling functionalities, for various cities in the Philippines, enabling authorities to carry out contact tracing at a critical juncture in the efforts to contain the pandemic.Also launched a one-stop portal in Malaysia for employers to manage the COVID-19 screening requirements of their workforce. The portal provides an option for companies to register for the Social Security Organisation’s screening programme and arrange for on-site testing to be done at their premises, with digital QR code-based certificates then issued by MYEG as proof of testing.

Posted by Rich_healthy > 2020-06-30 08:12 | Report Abuse

Hi EmperorFund, may i know your firm name please so that i can do a research to see if your firm is reliable or not?