Posted by lalazai9 > 2022-07-26 10:30 | Report Abuse

Election coming, alot cash out BN need money for election

Posted by nelsonlimpy > 2022-07-26 10:38 | Report Abuse

push down for coming DRP

Posted by HaroldHuong > 2022-07-26 17:21 | Report Abuse

Guess election long way to go (after Hari Raya 2023)

Posted by HaroldHuong > 2022-07-26 17:21 | Report Abuse

Drop very fast, Up very slow

Posted by StingRay > 2022-07-26 17:37 | Report Abuse

as I said, shorties in play. once sold enough, they will quickly throw it down and then slowly buy back. those contra players that are not prepared and thought they park low, the shorties will give that to them. then drsgbtheir foot while waiting for T3. again, a reminder... no gambling for this counter. let the shorties play by themselves. but those that can carry the weight, may possibly nibble some on the way down.

Posted by BarrettTeo > 2022-07-26 21:11 | Report Abuse

Luckily pick some at 74 cents. This counter is good for trading practice~

Posted by faralenz77 > 2022-07-27 12:25 | Report Abuse

Continue sell down.

Posted by amet2017 > 2022-07-27 14:38 | Report Abuse

Manipulated to the max this counter. Wonder who is the operator

Posted by Jerichomy > 2022-07-27 17:32 | Report Abuse

Here i come

Posted by BarrettTeo > 2022-07-27 22:49 | Report Abuse

I guess the big operator is Mr Wong TS... Hehe

Posted by Jerichomy > 2022-07-27 23:15 | Report Abuse

Yes it is him…he is a playboy so can be playsharecounter

BarrettTeo
I guess the big operator is Mr Wong TS... Hehe
24 minutes ago

Posted by amet2017 > 2022-07-28 11:42 | Report Abuse

His proxy la. Damn cunning. Top 5 volume for so many days but price still about the same. Other counter already fly from yesterday us market news.

Posted by CurryBento > 2022-07-28 12:22 | Report Abuse

S5H is a 20%-owned investment of MyEG Capital Sdn Bhd (“MCSD”), a wholly owned subsidiary of MYEG.

On the other hand, S5H wholly owns its operating unit, S5 Systems Sdn Bhd (“S5”).

MYEG has invested in total RM176.5m, with the last valuation at RM865m in Dec 2021 (the first valuation of 10% was at RM900m valuation in June 2020).

Both acquisitions were not subject to Bursa Securities and shareholders’ approvals as they did not trigger the pre-determined percentage ratio of the Main Market Listing Requirements of Bursa Securities.

It was stated MYEG intends to leverage the relationship with S5H to achieve greater synergies and mutual benefits and expand the company’s footprint in Malaysia as well as strengthen its position as an e-government services provider.

It was disclosed via an article by The Edge dated 23 March 2021, the shareholders of S5H at that point of time were Syed Mohammad Hafiz (76.38%), MCSD (10%), Merrington Assets Ltd (10%) and Avocat Sdn Bhd (3.62%).

It was not made known the actual reason for the acquisition as MYEG typically into organic growth by expanding into new products, services, customers and verticals i.e. health-tech services, blockchain initiatives, global presence and partnership etc.

Interestingly, it has entered a niche e-commerce space via an online platform “Nak Beli” specifically to sell groceries, fresh and frozen food.

Hence, the acquisition of S5H by MYEG was a peculiar one as it does not add value to its current businesses nor strengthen its footprint in Malaysia and giving the Group greater synergies with S5H.

Its strength does not lie in its M&A prowess but its internal expertise and capability to build, operate and own platform and to offer various services from government agencies (i.e. PDRM, JPJ, JIM, JPN etc.) to Malaysian citizens and businesses. Hence, this acquisition indeed raised a red flag.

Posted by CurryBento > 2022-07-28 12:22 | Report Abuse

All in all, many shareholders and investors of MYEG want to know the rationale of sizeable acquisition as the acquisition of S5H stake piqued a lot of interest. Over the years, the Group has proved itself that it has been able to overcome perception not only having its existing contracts renewed but getting new contracts in Southeast Asia and Southern Asia. Overall, the Group growth story remained compelling, robust and unique driven by its entrepreneurial founder. One thing that haven’t been proved, is its prowess in M&A activities.

The more concerning area is its investment in S5H. Why opt for a backdoor listing instead of direct listing? Unless S5 does not meet the earnings track record for direct listing. What were the reason for deteriorating financials and cashflow of S5 or because of the expiry of contracts or contracts reaching tail end with JIM. If this is the case, is the RM865-900m valuation paid by MYEG reasonable? Notably, S5 has its fair share of other issues including the expiry of contracts or at the tail end, declining financials, legal tussles, resignation of its CEO, timely lodgment of audited accounts etc.

If the valuation for 20% stake in S5H is not justifiable due its issues, is there a plan for MYEG to resell its stake via trade sale or exercise its put option to the vendors of S5H. This is something that MYEG needs to consider avoiding any future write-off or impairment exercise, if any. In a nutshell, price and value aren't always the same same. Don't pay too much especially in a deal that not everyone can understand. This is something that the Company needs to explain to the shareholders.

Happy investing and stay safe :)

Posted by Jerichomy > 2022-07-28 14:10 |

Post removed.Why?

Posted by PenditaAlam > 2022-07-28 14:11 |

Post removed.Why?

Posted by sharrao83 > 2022-07-28 16:12 | Report Abuse

https://www.theedgemarkets.com/article/s5-systems-clears-air-political-links

Politics at play...

Posted by HaroldHuong > 2022-07-28 17:44 | Report Abuse

Can maintain above 0.760??

Posted by BarrettTeo > 2022-07-28 19:45 | Report Abuse

@ HaroldHuong Only GOD know. But this counter is really good for trading practice in my opinion

Posted by hornbill > 2022-07-29 09:37 | Report Abuse

Kakak & Abang can coming.

Posted by damiel92 > 2022-07-29 10:43 | Report Abuse

renew road tax myeg

Posted by damiel92 > 2022-07-29 10:44 | Report Abuse

renew insurance myeg

Posted by damiel92 > 2022-07-29 10:44 | Report Abuse

renew labor permit myeg

Posted by damiel92 > 2022-07-29 10:44 | Report Abuse

everything you can do in myeg

Posted by witan > 2022-07-29 11:27 | Report Abuse

Indonesia lifts workers’ entry ban

https://www.thestar.com.my/news/nation/2022/07/29/indonesia-lifts-workers-entry-ban

Posted by BarrettTeo > 2022-07-29 20:02 | Report Abuse

Nice. Go go go and see u at 80 cents again

Posted by LcKevinLee > 2022-07-30 18:30 | Report Abuse

以新加坡为基地的加密货币交易所Zipmex，向新加坡法庭申请破产保护。

加密货币，MYGG加油，勇气可嘉

Posted by BreakingNews > 2022-08-01 09:31 | Report Abuse

Buy

Posted by wlun6631 > 2022-08-01 09:41 | Report Abuse

Whales are collecting silently, the more you sell the more they collect. And they resell you at RM1+ again :D

Posted by lalazai9 > 2022-08-01 10:36 | Report Abuse

Election coming BN win myeg fly

Posted by BarrettTeo > 2022-08-01 20:01 | Report Abuse

Very good. 80 cents up up and above

Posted by amet2017 > 2022-08-03 13:58 | Report Abuse

Scam counter. Haha.. Damn this syndicate.

Posted by BarrettTeo > 2022-08-03 22:06 | Report Abuse

It's OK as long as your margin of safety is high. This counter provide good training for trading. Hehe

Posted by Dragon88 > 2022-08-04 12:27 | Report Abuse

Time to buy, now or never

Posted by BarrettTeo > 2022-08-04 15:59 | Report Abuse

SP is 80 cents. Go go go

Posted by wlun6631 > 2022-08-04 16:20 | Report Abuse

I love all time low, let me collect more :D ~ I'm waiting downstairs

Posted by amet2017 > 2022-08-04 16:42 | Report Abuse

Looks like syndicate is buying and selling from right to left. Luring bilis to come in.

Posted by wlun6631 > 2022-08-05 10:16 | Report Abuse

Where's the haters, please sell me all your tickets I need more. I'm perfectly fine even the price goes down to RM0.70~RM0.74

Posted by troy88 > 2022-08-05 10:16 | Report Abuse

sharks finished collecting?

Posted by BarrettTeo > 2022-08-05 11:25 | Report Abuse

Nice la. Up up up

Posted by HaroldHuong > 2022-08-05 11:58 | Report Abuse

Up to 80cts, can maintain is priority

Posted by stockraider > 2022-08-05 14:01 | Report Abuse

Steady collection loh!

Posted by KooSan > 2022-08-05 16:16 | Report Abuse

Big sharks playing in the battlefield. Ikan bilis can only share some fun.

Posted by mf > 2022-08-07 04:59 | Report Abuse

Fed rate hikes expected to become more aggressive after strong jobs report
PUBLISHED FRI, AUG 5 202211:22 AM EDTUPDATED FRI, AUG 5 20221:06 PM EDT
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Posted by Throwdown > 2022-08-08 09:37 | Report Abuse

Myeg needs heavy artilerry to break 0.805. 805 is bad ass number

Posted by wlun6631 > 2022-08-08 10:15 | Report Abuse

Come down come down, let me collect more (after election boom)

Posted by StartOfTheBull > 2022-08-08 14:43 | Report Abuse

This stock can buy now or not?

Posted by StartOfTheBull > 2022-08-08 14:55 | Report Abuse

Still very strong support at 78.5c.

Posted by Throwdown > 2022-08-08 15:29 | Report Abuse

Myeg needs photoshop right now. She is an ugly biyotch

Posted by stockraider > 2022-08-08 16:11 | Report Abuse

Go for it loh!

Can buy mah!