MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.915

Today's Change

+0.03 (3.39%)

Day's Change

0.905 - 0.94

Trading Volume

78,787,700


67 people like this.

66,662 comment(s). Last comment by hng33 7 hours ago

Posted by wallstreetrookie > 2020-08-28 15:15 | Report Abuse

i also in and out out of this counter 4 times. Now average price 1.06 really happy today can go have a nice dinner this merdeka holiday :)

Posted by wallstreetrookie > 2020-08-28 15:15 | Report Abuse

haha see myeg has strong resistance.

stainlyho37

2,268 posts

Posted by stainlyho37 > 2020-08-28 15:17 | Report Abuse

mati2 blocked at 1.50...hehe...

Besafe

1,239 posts

Posted by Besafe > 2020-08-28 15:18 | Report Abuse

Banyak suey punya price ini rm 1.50. Haha

Grace Loh

64 posts

Posted by Grace Loh > 2020-08-28 15:21 | Report Abuse

aiyoo...can not pass 1.50 meh?

Posted by vcpmaster123 > 2020-08-28 15:23 | Report Abuse

This 1.50 resistance once pass next resistance at 1.70

Posted by wallstreetrookie > 2020-08-28 15:31 | Report Abuse

Hmm it’s better now. At least trading at resistance level not below.

Posted by wallstreetrookie > 2020-08-28 15:31 | Report Abuse

This stock just buy and sleep well at night. Unlike GLOVES/goreng stock, this stock you will never panic sell. It has good financials so why worry.

Posted by johnhuathuat > 2020-08-28 15:32 | Report Abuse

lets see what is the closing price today

Diego2020

454 posts

Posted by Diego2020 > 2020-08-28 15:33 | Report Abuse

someone forgot what happen during post-GE14

Posted by EmperorFund > 2020-08-28 15:34 | Report Abuse

Gravity = Fatness + Dumbness

Noobie123

1,661 posts

Posted by Noobie123 > 2020-08-28 15:36 | Report Abuse

jinx 1.50

Stockwiser

263 posts

Posted by Stockwiser > 2020-08-28 15:41 | Report Abuse

I got the feeling like watching an elephant trying hard to move it leg up. Lol

Value9

256 posts

Posted by Value9 > 2020-08-28 15:45 | Report Abuse

wow...huge volume buyer .. niis coming soon ? myeg get contract?

Value9

256 posts

Posted by Value9 > 2020-08-28 15:46 | Report Abuse

good result + NIIS . very good ....good good

Grace Loh

64 posts

Posted by Grace Loh > 2020-08-28 15:49 | Report Abuse

hopefully later got show

Posted by wallstreetrookie > 2020-08-28 15:50 | Report Abuse

lock in profit first sold 30% and hold the rest for NIIS announcement

Witty

460 posts

Posted by Witty > 2020-08-28 16:09 | Report Abuse

Go genting, you will get faster ROI. lol

Stockwiser

263 posts

Posted by Stockwiser > 2020-08-28 16:09 | Report Abuse

Good 1.51. Do a good show for us. Don't drop back.

Posted by opportunity > 2020-08-28 16:09 | Report Abuse

wait after 5pm. GOOD NEWS FOR SURE

Bunny69

54 posts

Posted by Bunny69 > 2020-08-28 16:10 | Report Abuse

I dont think get niis ppl will hold for long term
Once announcement out lagi banyak orang jual.
Very hard to fly rm1. 8

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2020-08-28 16:28 | Report Abuse

Tonight high possible announcement, but not sure which announcement

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2020-08-28 16:28 | Report Abuse

Something is cooking

Noobie123

1,661 posts

Posted by Noobie123 > 2020-08-28 16:30 | Report Abuse

I know tonite PM going to announce RMCO

Besafe

1,239 posts

Posted by Besafe > 2020-08-28 16:39 | Report Abuse

Wong magic show again. Rm 1.50 sure cannot sustain.

Besafe

1,239 posts

Posted by Besafe > 2020-08-28 16:50 | Report Abuse

Wallstreetrookie bro smart. Rm 1.50 sell some first. This wong and team purposely push up and sell higher.

icecool

4,895 posts

Posted by icecool > 2020-08-28 16:53 | Report Abuse

+ 3 sen happy long weekend everyone ignore those who bad mouth ts wong they have a heart of a poisoned chalice

Posted by wallstreetrookie > 2020-08-28 16:59 | Report Abuse

haizz predicted again. I am a long time player at this counter. Don't enter myeg at all. Wait below 1.4 then collect

TtreeInvestor

2,770 posts

Posted by TtreeInvestor > 2020-08-28 17:09 | Report Abuse

The afternoon surge of volume normally that night will accompany with announcement

Posted by Wawai Samah > 2020-08-28 18:11 | Report Abuse

good closing...im riding the trend..the trend just started..

MonkeyFoo

265 posts

Posted by MonkeyFoo > 2020-08-28 18:12 | Report Abuse

jgn buang masa

x3sphere

508 posts

Posted by x3sphere > 2020-08-28 18:24 | Report Abuse

Go draw trendline from around nov 2019 til today. You will see there’s strong resistance there. Unless got news to push the price up, i doubt it will go beyond 1.50.

Posted by SifuTangmonk > 2020-08-28 21:35 | Report Abuse

根据向大马交易所的报备,由于将财政年末从12月31日止改为6月30日止,因此没有上财年同期的对比数据。

MYGG就是厉害搞小动作改来改去,让你无法对比数据

Kok Heng

166 posts

Posted by Kok Heng > 2020-08-28 22:12 | Report Abuse

什么叫无法对比,你不会自己去网站看咩?搞笑

daddy999

46 posts

Posted by daddy999 > 2020-08-28 22:54 | Report Abuse

对比个lin咩,在这个疫情之下没有亏损还有赚钱的公司就是好公司了

Posted by maxlau1223 > 2020-08-28 23:18 | Report Abuse

要對也可以,自己算。可是疫情之下還維持賺幅,算成長了

goodgain

180 posts

Posted by goodgain > 2020-08-28 23:43 | Report Abuse

wtf. english!!!

Posted by wallstreetrookie > 2020-08-29 11:30 | Report Abuse

This counter keeps pushing out fake news and speculations to jack up the price and press down. The contract has already been in the talks for a long time and the winner has been decided. But they keep delaying it so they can play this counter from 1.4 to 1.5. Cronies

Posted by wallstreetrookie > 2020-08-29 11:31 | Report Abuse

look at the chart like wtf. what kind of counter cant break 1.5 at least 5 times in ONE month?

Posted by wallstreetrookie > 2020-08-29 11:31 | Report Abuse

Something is not right with this counter. I will lodge a complaint to Securities Commision. Wish me luck.

Posted by wallstreetrookie > 2020-08-29 11:31 | Report Abuse

Insider trading confirmed

Zuliana

5,395 posts

Posted by Zuliana > 2020-08-29 11:38 | Report Abuse

Never fall in love in any stock.
(By anonymous)

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-08-29 12:41 | Report Abuse

MyEG - Future Prospect Remains Intact
Date: 28/08/2020

Source : MIDF

KEY INVESTMENT HIGHLIGHTS

2QFY20 normalised earnings came in +8.3%yoy higher at RM63.0m, supported by all its business segments

Cumulative 1HFY20 financial performance came in within ours and consensus expectations

Timely introduction of new services to cater for the Covid-19 pandemic

Stable profit margin of approximately 50%

Remains one of the front runners for the NIIS project

Maintain BUY with a revised TP of RM1.58

In-line with expectation. MY E.G Services Bhd’s (MYEG) 2QFY20 normalised earnings came in at RM63.0m, an increase of +8.3%yoy. This was mainly attributable to: i) concession related services such as Immigration and JPJ related ancillary services; ii) commercial services such as motor vehicle trading related services, financing services, sale of tax monitoring system, foreign worker recruitment and placement related services iii) introduction of new services such as Covid-19 health screening as well as online sale of groceries thorough its “Nak Beli” online store; and iv) contribution from Cardbiz Group. Cumulatively, the group’s 1HFY20 financial performance of RM121.9m came in within ours and consensus expectations, accounting for 47.3% and 44.4% of full year FY20 earnings estimates respectively.

Impact to earnings. We are maintaining our earnings estimates at this juncture.

Target price. We are maintaining our target price of RM1.58. This is premised on FY21 EPS of 7.5sen, pegged to unchanged forward PER of 21x. Our target PER is the group’s three year historical average.

Maintain BUY. We expect the local business to remain resilient, in view of the good track record of providing the online services. Moving forward, we expect the group’s earnings growth will stem from the group’s effort to replicate its offerings in the region. The effort has started to bear fruit as seen in its latest progress in Indonesia and the Philippines. We believe the move would also help to reduce the group’s reliance on the local market. On another note, MYEG business model remains attractive which garner healthy profit margin of about 50%. In the immediate term, there would further upside should the group able to secure the National Integrated Immigration System (NIIS) project. All factors considered, we are maintaining our BUY recommendation on the stock

Source: MIDF Research - 28 Aug 2020

Kok Heng

166 posts

Posted by Kok Heng > 2020-08-29 12:53 | Report Abuse

SifuTangmonk 就是个笑话,什么叫搞小动作?

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-08-29 23:05 | Report Abuse

SifuTangmonk@ 自己看Profits 達到51%!

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2020-08-30 08:21 | Report Abuse

Approaching tax incentive expiry date. Profit margin will be squeezed soon. ST trading play as price may be pushed higher closer to tax exemption.

Posted by GordonWoo932 > 2020-08-30 10:57 | Report Abuse

next to watch closely for a break above 1.53>>1.61 to confirm w3 extension towards 1.80 or higher,

Lychien20

271 posts

Posted by Lychien20 > 2020-08-30 11:48 | Report Abuse

once gt vaccine ,current COVID-19 Health Screening service can easily expand to support vaccinated Malaysia tracking

Lychien20

271 posts

Posted by Lychien20 > 2020-08-30 11:48 | Report Abuse

another huge potential project

Riaz1954

1,296 posts

Posted by Riaz1954 > 2020-08-30 17:09 | Report Abuse

In all aspects myeg is doing well...the fundamentals are sound and some point it will be rerated. The rubbers have somewhat clouded retailer investors expectations ...the CV has hit many hard and few are not impacted. I am expecting sudden hike with or without contract. Holding on is a sound tactics unless you prefer risks and opt for rubbers or sham restructuring of companies.

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