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 1 hour ago

christy20

11 posts

Posted by christy20 > 2020-11-24 11:55 | Report Abuse

Besafe Mr wong, you mau myeg turun below rm 1.50?
24/11/2020 9:22 AM

macam akan berlaku kali ini

Doomdays

103 posts

Posted by Doomdays > 2020-11-24 18:59 | Report Abuse

Net profit 191.645m. But why boss Wong disposed his share? Hmm something fishy here

Hotstuff

3,224 posts

Posted by Hotstuff > 2020-11-24 19:02 | Report Abuse

net profit 70m. if budget 2021 can't pass this Thursday myeg will see another gap down. you may buy in that time

Besafe

1,239 posts

Posted by Besafe > 2020-11-24 20:02 | Report Abuse

Mr wong, lu pandai la. Go disposed at this time. While you make, other investors makan goreng pisang.

Posted by Systemworks > 2020-11-24 20:25 | Report Abuse

He disposed before the record profit announcement. If he was after profits, he should've disposed after. Maybe it is a corporate governance move if he had planned to dispose.

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-24 20:31 | Report Abuse

Alo he was Buy back & had cancelled....pls check Read the QR

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-24 20:31 | Report Abuse

Alo he was Buy back & had cancelled....pls check Read the QR carefully

wehcant

1,259 posts

Posted by wehcant > 2020-11-24 20:33 | Report Abuse

I have never seen a director who is so active in acquiring and disposing his shares in his company except T.S. Wong.

wehcant

1,259 posts

Posted by wehcant > 2020-11-24 20:36 | Report Abuse

Tengku Razaleigh Hamzah, muka macam YODA buat hal lagi.

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-24 20:38 | Report Abuse

We happy to see MYEG break QR highest record profit

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-24 21:18 | Report Abuse

acquiring and disposing vs. acquiring and cancelled are different

sell

2,453 posts

Posted by sell > 2020-11-24 22:08 | Report Abuse

Buy low sell high how TS Wong make $?

sell

2,453 posts

Posted by sell > 2020-11-24 22:13 | Report Abuse

TS Wong also stock market trader?

Riaz1954

1,296 posts

Posted by Riaz1954 > 2020-11-25 00:43 | Report Abuse

TS dealing with inside information....in closed period...this can’t be right! Too many crooks in the market....most, makes mockery of regulations

Posted by SelfMadeMillionaire > 2020-11-25 01:21 | Report Abuse

Will budget 2021 pass? Tengku Razaleigh and a few BN MPs refuses to support the budget, if Budget fails, market will crash? Buy now or sell? How? If budget fails, parliament dissolve? market crash?

Riaz1954

1,296 posts

Posted by Riaz1954 > 2020-11-25 06:40 | Report Abuse

Budget 2021 approval will be postponed until later?

cherry88

980 posts

Posted by cherry88 > 2020-11-25 08:27 | Report Abuse

Boss selling....beware

cherry88

980 posts

Posted by cherry88 > 2020-11-25 08:27 | Report Abuse

Buy on rumours SELL on facts

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-25 08:47 | Report Abuse

Accumulating more

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-25 08:48 | Report Abuse

KUALA LUMPUR (Nov 24): My EG Services Bhd (MyEG) has reported a net profit of RM70.74 million for the third quarter ended Sept 30, 2020, on revenue of RM136.09 million.

There was no comparison year-on-year numbers due to a change in the group’s financial year-end from Sept 30 to Dec 31, MyEG said in a bourse filing.

On a quarter-to-quarter basis, net profit was 12.19% higher than the RM63.06 million reported for the preceding quarter, while revenue rose 9.46% from RM124.34 million.

The group said the improved revenue and profit was due to an increase in volume from Covid-19 health screening and sale of groceries through its “Nak Beli” online store, as well as the introduction of new services including the online renewal of motorcycle insurance, road tax and competent driving licence.

For the cumulative nine-month period, MyEG posted a net profit of RM192.64 million, on revenue of RM382.17 million.

On prospects, the group said it would continue to introduce innovative services leveraging on new technology in the country and regionally in Asia, to drive its organic growth.

“Whilst this pandemic is ongoing, we are sanguine that our business is resilient and will present to us new opportunities,” it said.

MyEG’s shares price closed down two sen or 1.3% at RM1.52 today, valuing the group at RM5.32 billion. Some 13.89 million shares were traded. The stock has rebounded 90% from a low of 80 sen in March.

LiimInvest

2,267 posts

Posted by LiimInvest > 2020-11-25 08:51 | Report Abuse

(吉隆坡24日讯)MyEG(MYEG,0138,主板科技股)在2020财年第三季,净赚7074万3000令吉,或每股赚2仙。

MyEG今天向交易所报备,当季营业额写1亿3609万6000令吉。

由于将财年截至日从6月30日,更换至9月30日,因此无从比较次季业绩表现。

若按季来看,净利上扬11%或696万令吉,营业额走高9.5%或1176万令吉,主要是2019冠状病毒病健康检查、杂货的线上销售,及在线保险与路税更新服务的贡献增加。

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 08:57 | Report Abuse

Ah Wong, can you stop acquiring and disposing your stakes?

Posted by Hahahamoneycome > 2020-11-25 11:47 | Report Abuse

ah wong.. sedang test kesabaran kita...

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 12:23 | Report Abuse

"He said besides the reintroduction of the Goods and Services Tax (GST), the government was also examining new taxes that are appropriate." ~ Zafrul

Good news for MyEG?

https://www.malaymail.com/news/malaysia/2020/11/24/tengku-zafrul-new-taxes-will-only-be-introduced-when-economy-recovers/1925798

Atan311

8 posts

Posted by Atan311 > 2020-11-25 12:42 | Report Abuse

CGS-CIMB: Reiterate Add with a higher RM2.50 TP

MyEG's revenue in 3Q20 grew by 9.5% qoq due to an increase in volume for Covid-19
health screening tests, higher online sales of groceries through its “Nak Beli” online store
and introduction of new services for the Road Transport Department, such as online
renewal of motorcycle insurance, road tax and driver’s licence. Overall, net profit grew
12.2% qoq from RM63.1m in 2Q20 to RM70.7m in 3Q20. For the nine-month period,
MyEG’s net profit also jumped 9.1% yoy to RM192.6m.

Targeting 500k Covid-19 test screenings in 2020F

MyEG has carried out approx. 200k Covid-19 test screenings since the service was
launched at end-Jun 2020 until Oct 2020. The group targets to conduct 500k Covid-19
tests in 2020F. We expect to see more testing carried out in 4Q20 following the
government’s announcement recently to require foreign workers in four states and two
federal territories - Selangor, Negeri Sembilan, Penang, Sabah, Kuala Lumpur and
Labuan - to undergo mandatory swab tests, irrespective of sectors, in view of the recent
spike in cases among foreign workers. This will likely involve c.1.6m foreign workers.

Attractive prospects with new re-hiring programme implementation

The government announced on 12 Nov a new labour recalibration programme to legalise
foreign workers in Malaysia for employment by eligible employers in four key sectors –
manufacturing, construction, agriculture and plantations. The programme will run from 16
Nov 2020 until 30 Jun 2021. We believe the new re-hiring programme bodes well for
MyEG’s job matching service given that the group processed 700-800k foreign workers
during the previous rehiring programme in 2018. MyEG could also upsell its Covid-19
screening service and foreign worker insurance to prospective employers.

Reiterate Add with a higher RM2.50 TP
We raise our FY20-22F EPS by 2-5%. Reiterate our Add rating on the stock with a higher
RM2.50 TP. We peg our valuation to 23x CY22F P/E, still based on MyEG’s 5-year
historical mean. We also roll over our valuation to end-2021F. MyEG is in the midst of
applying for an extension for its tax incentives, which is due to expire in Apr 2021. We
see potential extension of MyEG’s tax incentives as a key re-rating catalyst for the stock.

Besafe

1,239 posts

Posted by Besafe > 2020-11-25 15:36 | Report Abuse

Mr wong belum habis jual? Mau buat myeg jatuh lagi ka?

Mosiong Wong

1,826 posts

Posted by Mosiong Wong > 2020-11-25 15:38 | Report Abuse

Wtf today. Keep got selling

Bunny69

54 posts

Posted by Bunny69 > 2020-11-25 15:45 | Report Abuse

Wong r u selling again? Or u just want to prove that the tp rm2. 5 is just a joke?

Besafe

1,239 posts

Posted by Besafe > 2020-11-25 15:45 | Report Abuse

Good QR also cannot go up. Yet so many articles giving TP rm 2 to 2.50 yet this mr wong jual at rm 1.55. Aiyoyo, Mr wong apa lu mau buat ni?

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 15:47 | Report Abuse

Ah Wong selling his stakes again. Haiz.

Bunny69

54 posts

Posted by Bunny69 > 2020-11-25 15:49 | Report Abuse

Wong just want to teach us a lesson that money is not so easy to earn.

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 15:51 | Report Abuse

Wong Thean Soon, can you stop selling???

Besafe

1,239 posts

Posted by Besafe > 2020-11-25 15:55 | Report Abuse

QR how good also no use. Gets dunno what company also can be so much higher than myeg. Something is wrong somewhere.

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 15:57 | Report Abuse

Wong Thean Soon is the most active trader cum director in Bursa Malaysia. Champion for year 2020.

j450n

447 posts

Posted by j450n > 2020-11-25 15:59 | Report Abuse

i am guessing Wong Thean Soon share buy back alot to support the this counter. so now he is offloading and doesnt allow it to manipulate too much.

Besafe

1,239 posts

Posted by Besafe > 2020-11-25 16:00 | Report Abuse

Confirmed he also make a lot from the selling price rm 1.55.

Bunny69

54 posts

Posted by Bunny69 > 2020-11-25 16:06 | Report Abuse

We came out with a wonderful report yesterday and u thought we will push it up? Guess what

wehcant

1,259 posts

Posted by wehcant > 2020-11-25 16:42 | Report Abuse

One of you is TS Wong. Come, reveal yourself.

ACD888

274 posts

Posted by ACD888 > 2020-11-25 22:23 | Report Abuse

Got gear in place after budget .....?

Posted by Investar2862 > 2020-11-26 08:27 | Report Abuse

No Date of change No of securities Type of transaction Nature of Interest
1 24/11/2020 7,280,000 Disposed Direct Interest
Name of registered holder Wong Thean Soon
Description of "Others" Type of Transaction

2 24/11/2020 5,420,000 Disposed Indirect Interest
Name of registered holder Asia Internet Holdings Sdn. Bhd.
Description of "Others" Type of Transaction


Circumstances by reason of which change has occurred
1. Crossing of shares pursuant to a financing arrangement
2. Crossing of shares pursuant to a financing arrangement
Nature of interest Direct and Indirect Interest


So, read and understand "the reason of which change has occurred"

mf

28,412 posts

Posted by mf > 2020-11-26 08:27 | Report Abuse

Undian Belanjawan 2021 dijadual hari ini
Bernama

Diterbitkan Hari ini 8:22 am
Dikemaskini Hari ini 8:25 am
Pengundian untuk meluluskan Belanjawan 2021 pada peringkat dasar yang dijadual selepas penggulungan oleh Kementerian Kewangan menjadi tumpuan utama persidangan Dewan Rakyat hari ini.

smurfbee

1,439 posts

Posted by smurfbee > 2020-11-26 09:23 | Report Abuse

MYEG to rise significantly due to the 1.7M foreigners that must be tested with Covid19 test by employers and funded by Socso... TP $2.35 in 3 months.

Besafe

1,239 posts

Posted by Besafe > 2020-11-26 10:09 | Report Abuse

Only hope myeg can go up macam gets. Rm 3 plus.

Posted by Systemworks > 2020-11-26 10:13 | Report Abuse

Wong's TP is RM 1.55.
Other TP does not matter.

SonOfaGun

290 posts

Posted by SonOfaGun > 2020-11-26 10:23 | Report Abuse

Heard my eg getting hold of the NIIS project?

Besafe

1,239 posts

Posted by Besafe > 2020-11-26 11:10 | Report Abuse

Mr wong, got any superb news to announce? Jv on vaccines with any reputable companies. Niis how? Adui jatuh lagi myeg. Pasrah ni.

doglover

477 posts

Posted by doglover > 2020-11-26 12:15 | Report Abuse

goodbye mygg.. whoever earn more than 20% this counter, you deserve it....

Ivan89

1,479 posts

Posted by Ivan89 > 2020-11-26 13:29 | Report Abuse

myeg rocket anytime

Besafe

1,239 posts

Posted by Besafe > 2020-11-26 15:18 | Report Abuse

This Mr wong and gang. Fake buy and sell.

Samuelgold

184 posts

Posted by Samuelgold > 2020-11-26 15:59 | Report Abuse

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