MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

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 3 hours ago

Posted by SifuTangmonk > 2020-10-27 14:24 | Report Abuse

吃伟哥都硬不起,还在HIGH什么

icecool

4,895 posts

Posted by icecool > 2020-10-27 14:27 | Report Abuse

@SifuTangmonk cmco no Viagra delivery ? hahaha

jibbie

762 posts

Posted by jibbie > 2020-10-27 15:27 | Report Abuse

Boss accumulating good news coming?

K0W3SE4

78 posts

Posted by K0W3SE4 > 2020-10-27 16:02 | Report Abuse

Closing green please

Besafe

1,239 posts

Posted by Besafe > 2020-10-28 16:15 | Report Abuse

See how many times myeg and wong can buy to support the price at this moment.

icecool

4,895 posts

Posted by icecool > 2020-10-28 16:22 | Report Abuse

need retailers and fund managers ts wong and asia internet support alone no use

MonkeyFoo

265 posts

Posted by MonkeyFoo > 2020-10-28 19:29 | Report Abuse

Left hand right hand, Ah Wong style

Shadows

462 posts

Posted by Shadows > 2020-10-28 20:00 | Report Abuse

Steady and enjoy your holiday tomorrow.

mf

28,412 posts

Posted by mf > 2020-10-28 20:03 | Report Abuse

US 3026,881.0DERIVED08:02:59 | Futures-484.0 -1.77%
US 5003,332.12DERIVED08:02:59 | Futures-50.98 -1.51%
US Tech 10011,445.00DERIVED08:02:59 | Futures-143.00 -1.23%
DAX11,653.3DERIVED08:03:01 | Futures-321.7

icecool

4,895 posts

Posted by icecool > 2020-10-28 21:31 | Report Abuse

lucky tomorrow holiday

mach10

371 posts

Posted by mach10 > 2020-10-29 03:24 | Report Abuse

buy cheap in DECEMBER.

soscoco

91 posts

Posted by soscoco > 2020-10-30 12:22 | Report Abuse

klsi mayday mayday

Value9

256 posts

Posted by Value9 > 2020-10-30 15:19 | Report Abuse

strong support 1.35

Atan311

8 posts

Posted by Atan311 > 2020-10-30 15:59 | Report Abuse

Focus Malaysia:

AFTER having been in the doldrums since the aftermath of the 14th General Election in May 2018, My EG.Services Bhd seems to be showing viable signs of being back on track.

UOB Kay Hian Research today expressed optimism that things are beginning to look up for the Malaysian government e-service provider following its provision of COVID-19 testing and quarantine-related services for inbound travellers.

For the record, MyEG recently collaborated with the Health Ministry to launch an online payment system for the compulsory COVID-19 swab tests at all immigration points. The project has a tenure of two years from Nov 20 this year.

“We project MyEG’s profits from this project – primarily from swab tests – to reach RM130 mil in 2021,” wrote the research house’s head Vincent Khoo in a company update.

UOB Kay Hian Research foresees this e-payment concession for inbound travellers as a direct proxy to what is described as “borders reopening play”.

“We understand from the management that this online payment system is a component in its proposed e-visa (Visa Luar Negara or VLN) project that was launched in early-2020,” explained Khoo.

“This system can be used to deploy VLN services when borders reopen. MYEG is now the proxy to a passenger traffic recovery, and will continue to benefit from the re-opening of borders, travel bubbles and a recovery in the tourism industry.”

Moreover, the VLN project will make up for lower proceeds from immigration-related services given border closure has clearly impacted MyEG’s foreign worker-related business which commands about 50% of its FY2019 total revenue

“We understand that the volume of online foreign worker renewal through MYEG has softened by 8% year-to-date based on immigration portal’s data, while the job matching services for foreign workers (revenue contribution of about RM5 mil/month in FY2019) has been significantly affected,” noted Khoo.

In UOB Kay Hian Research’s observation, below are some potential catalysts for MyEG:

The recovery in inbound passenger traffic which will lift MyEG’s traveller pass system’s earnings;
The loosening of border controls to allow foreign worker intake which will benefit MyEG’s foreign worker matching services;
The awarding of the RM1 bil-RM1.5 bil National Integrated Immigration System (NIIS) contract which would at the very least benefit MyEG’s investee, S5 Holdings Inc;
Other longer-term opportunities relating to the revival of foreign worker accommodation projects, potentially some form of amnesty programmes to address the huge illegal foreign worker community; and
The potential revival of the goods and services tax (GST) system.
All-in, the research house maintained its “buy” rating on MyEG with a higher target price of RM2.12 (from RM1.50 previously).

“There will be further upside to our target price should MyEG clinch the NIIS contract,” it added.

Jack Mak

665 posts

Posted by Jack Mak > 2020-11-02 20:32 | Report Abuse

EPF no more acquired MYEG... or maybe EPF will dispose if government approved 1st account withdraw for KWSP holder

Liquidity

418 posts

Posted by Liquidity > 2020-11-03 09:09 | Report Abuse

Owner keep buying at least 1m shares per day.

Value9

256 posts

Posted by Value9 > 2020-11-03 09:58 | Report Abuse

wow... engine start liao.

Posted by alexlee06037 > 2020-11-03 19:15 | Report Abuse

The Board of Directors of the Company wishes to announce that the Company had on 3 November 2020 officially launched MySafeTravel, a digital health pass system for travellers aimed at making entry into Malaysia amidst the ongoing COVID-19 pandemic faster, simpler and safer.

wehcant

1,259 posts

Posted by wehcant > 2020-11-03 19:55 | Report Abuse

MyEG launches online digital health check system for inbound travellers. https://www.theedgemarkets.com/article/myeg-launches-online-digital-health-check-system-inbound-travellers

Hooray. Another good news. But price still stagnant at 1.3 -1.5. Bummer!

jayman

28 posts

Posted by jayman > 2020-11-03 23:09 | Report Abuse

good times ahead.

Jeffreyteck

4,246 posts

Posted by Jeffreyteck > 2020-11-04 08:25 | Report Abuse

May push up higher before tax benefits expired.

Posted by EmperorFund > 2020-11-04 09:07 | Report Abuse

Up a bit...dan $h!+ back !

Liquidity

418 posts

Posted by Liquidity > 2020-11-04 10:20 | Report Abuse

Tomorrow dividend will be paid out. Yummy :)

klna75

51 posts

Posted by klna75 > 2020-11-04 16:46 | Report Abuse

dividend? what dividend?

scholez18

87 posts

Posted by scholez18 > 2020-11-04 17:05 | Report Abuse

November already until now haven't announced contract win...

KML889

1,092 posts

Posted by KML889 > 2020-11-04 22:00 | Report Abuse

Another IB raised TP to 2.12. Let's see how things pan out tomorrow.

Value9

256 posts

Posted by Value9 > 2020-11-05 10:39 | Report Abuse

Myeg power up . mr wong keep buying . good news coming soon.

Shadows

462 posts

Posted by Shadows > 2020-11-05 10:40 | Report Abuse

Servicing company is going to trive as digitization allows a greater height for the industries.

K0W3SE4

78 posts

Posted by K0W3SE4 > 2020-11-05 11:03 | Report Abuse

Riding the bull

Aero1

1,440 posts

Posted by Aero1 > 2020-11-05 11:33 | Report Abuse

Good news?

https://www.bernama.com/en/general/news.php?id=1897237

KUALA LUMPUR, Nov 4 -- The Malaysian Maritime Enforcement Agency (MMEA) and the police require additional assets to address the issue of illegal migrants more effectively, says Home Affairs Minister Datuk Seri Hamzah Zainuddin.

He said this was because smugglers were using various methods and means to bring migrants into the country via ‘rat lanes’ or backdoor routes, and the matter should be addressed in the upcoming Budget.

“The government is urged to rethink the assets under the Ministry of Home Affairs. We need additional boats and ships in our arsenal, as well as on land, because we know these smugglers already have vehicles that are sometimes more sophisticated than ours.

"Not only new vehicles, but we also wish to have the latest technological devices such as drones as well as specific radars to discover the rat lanes used by them," he said during the ‘Bicara Naratif’ on Radio Televisyen Malaysia’s TV1 channel tonight.

He said apart from that, the ministry will address the issue of forged identity cards and travel documents among foreigners by improving the systems under the Malaysian Immigration Department and the National Registration Department.

"Right now, applications for things such as visas are all done online, and we need a more sophisticated system in order to determine whether the person entering the country is a person with a valid passport or not.

"If we could do it using fingerprint technology before, of course, it can be done through 'Digital ID', so that we can ensure that there is no more forgery," he said.

-- BERNAMA

Value9

256 posts

Posted by Value9 > 2020-11-05 12:18 | Report Abuse

1.48--1.5,--1.6--2.0

KML889

1,092 posts

Posted by KML889 > 2020-11-05 12:51 | Report Abuse

This project milestone approved :)

Liquidity

418 posts

Posted by Liquidity > 2020-11-05 14:35 | Report Abuse

Looks like they are lining up to announce NIIS already after Budget 21.

Besafe

1,239 posts

Posted by Besafe > 2020-11-05 14:42 | Report Abuse

Can go above rm 1.50 for real this time???

Liquidity

418 posts

Posted by Liquidity > 2020-11-05 15:48 | Report Abuse

slowly but surely

Value9

256 posts

Posted by Value9 > 2020-11-05 16:17 | Report Abuse

uptrend sign . go go go

klna75

51 posts

Posted by klna75 > 2020-11-05 18:16 | Report Abuse

dividend not pay?

Liquidity

418 posts

Posted by Liquidity > 2020-11-05 18:21 | Report Abuse

Dividend in bank account d lor.

Redplanet

352 posts

Posted by Redplanet > 2020-11-05 19:02 | Report Abuse

Double good tmr 1.88 no issue hehe

RPH02

46 posts

Posted by RPH02 > 2020-11-05 19:26 | Report Abuse

quarantine station why government make?

Liquidity

418 posts

Posted by Liquidity > 2020-11-05 20:03 | Report Abuse

MYEG is just locking down the contracts! wow.

Posted by alvisgoh99 > 2020-11-05 21:13 | Report Abuse

What contract?NIIS?

wehcant

1,259 posts

Posted by wehcant > 2020-11-05 21:20 | Report Abuse

Don't know why this Wong Fei Hong keep acquiring stakes? Why can't he just focus on managing the company?

jibbie

762 posts

Posted by jibbie > 2020-11-05 21:36 | Report Abuse

Gst coming back will benefit myeg?

Redplanet

352 posts

Posted by Redplanet > 2020-11-05 22:13 | Report Abuse

GST not so soon

KML889

1,092 posts

Posted by KML889 > 2020-11-05 22:25 | Report Abuse

Not sure why huge share exchanged at 1.45 if prospect is good as reported. Who are those sellers and buyers.

Post a Comment
Market Buzz