Posted by Income > 2023-02-07 17:02 | Report Abuse

Very obvious that is the operator lah.
He already mentioned operator Tp

Posted by MichelleNg > 5 minutes ago | Report Abuse

Operators support 70cents today....tomorrow may test 80 cents???

Posted by Michael R. > 2023-02-07 17:04 | Report Abuse

No meetings yet.. No news yet from PM or Minister.. this scale of catastrophe need someone big to issue a statement...

today LD just on alleged or plans.. Who asked the director and publish the news btw??

Posted by faridfet > 2023-02-07 17:42 | Report Abuse

kita semua sudah kena sama PH

Posted by cherry88 > 2023-02-07 17:46 | Report Abuse

the next issue to shot will be.......JPJ !

Posted by WinBigOrLoseAll > 2023-02-07 17:49 | Report Abuse

aiyo, the contract is granted by Ministry of Home. Now the boss decided to upgrade to the new system why need to go thru MyEG? Is there got term in contract must get MyEG approval if don't wanna continue the MyEG system? No right, so MOH can happily change as they want

Posted by anthonytkh > 2023-02-07 17:56 | Report Abuse

More than 7B shares issued. You must know why the 2.44pm announcement was made

Local funds “instructed” to “invest” from way waaay back. The way EPF trade their investments using several accounts for the same counter is no joke; retailers are at mercy

Look at the history of substantial shareholders’ trades. Look at the dividends’ history

I have never ever touched this. It just never made any sense to me

Posted by Income > 2023-02-07 17:58 | Report Abuse

How?

Posted by Income > 2023-02-07 18:00 | Report Abuse

This One dah berapa kali kena letupan bom? Ahyoyo

Posted by wartank > 2023-02-07 18:01 | Report Abuse

I'd expect further downwards tomorrow unless it forms a support line

Posted by WinBigOrLoseAll > 2023-02-07 18:03 | Report Abuse

unless got u-turn again, else no hope. lose big biz, fundamental already kong, better run

Posted by Income > 2023-02-07 18:19 | Report Abuse

Biz gov takes back. Gov wants to save money for giving handouts lah to the poor. I think they planning this. No choice. Mu gov and Is gov spent Rm like water. Now World Bank ask Msia to find new income lah

Posted by Income > 2023-02-07 18:19 | Report Abuse

This is the first casualty. What next?

Posted by Opulent > 2023-02-07 18:21 | Report Abuse

Lesson learnt don't buy GLC counters

Posted by Income > 2023-02-07 18:26 | Report Abuse

Serba also not GLC , but the worst fate than Myeg. Can you imagine or not?

Posted by m3379 > 2023-02-07 18:31 | Report Abuse

This one is not GLC exactly, more like political linked company.

Posted by StartOfTheBull > 2023-02-07 18:35 | Report Abuse

This maybe just a tip of the iceberg. Watch out for any other exorbitant contracts awarded by the previous government.

Posted by thequalityguy > 2023-02-07 18:38 | Report Abuse

Use a little common sense lah. Even if true, Immigration business is only going to be affected in 2025. What is the share of immigration business to MYEG's revenue? Today is just panic selling on news, with some sharks taking massive advantage of people's foolishness & emotion. Smart investors remain calm because they know things will change.

Posted by Income > 2023-02-07 18:44 | Report Abuse

You should have known. Bursa is 6 to 1 years ahead of myeg income performance. This is the truth

Posted by Income > 2023-02-07 18:45 | Report Abuse

This One is like time bom. Never fall in love with this?

Posted by Income > 2023-02-07 18:46 | Report Abuse

Typo…
You should have known. Bursa is 6 months to 1 years ahead of myeg income performance. This is the truth

Posted by Income > 2023-02-07 18:47 | Report Abuse

You don’t run is also your decision. You run In also your own decision

Posted by alextan5680 > 2023-02-07 18:54 | Report Abuse

（吉隆坡7日讯）随着移民局表示所有与移民相关服务料在2025年回归该局后，将痛失重大移民局外包合约的MYEG服务（MYEG,0138,主板科技组）首当其冲，股价遭受重创，今早开盘即狂泻至跌停板价位，在沉重卖压下登热门股榜之冠。

15年最大跌幅
MYEG服务今日开盘即插水，狂泻30仙或31.41%，至65.5仙迎市，为2008年3月以来的15年来最大跌幅及跌至2020年9月杪以来最低价位。

该股较后稍微收窄跌幅，闭市报70仙，劲挫25.5仙或26.70%，为第六大下跌股，以10亿1536万零400股交投量热爆全场。

由于股价暴跌超过15%，MYEG服务的即日卖空（IDSS）及专属交易员单日卖空（PDT）被暂停，直至明天才恢复。

移民局总监拿督斯里凯鲁再米是在接受《新海峡时报》专访时指出，所有与移民局相关的事务，包括现在外包给MYEG服务的业务，预计会在2025年回归该局，包括更新与护照申请及签证申请，外籍员工签证申请与更新、女佣准证申请等都会由该局新的NIISe系统取代。

MYEG澄清：没和内部或移民局会议
MYEG服务今日针对《新海峡时报》该报道发文告澄清，公司并没有和内政部或移民局进行任何会议，以针对NIISe系统进行讨论。

“如果有任何重大信息，董事部将及时向大马交易所发布必要的公告。”

艾芬黄氏研究分析员指出，该消息大大影响了投资者情绪，并冲击MYEG服务长期收益前景，预计与移民相关服务的收入占公司总收入40至50%，包括外籍工人工作许可证的续签（占总收入10至15%）及其他辅助和商业服务，例如外籍工人保险的续签和外籍工人工作匹配（30至35%）。

政府在2020年5月宣布延长MYEG服务的合约3年至2023年5月，以管理外劳临时工作准证的在线更新。倘若依照移民局的计划，公司将失去该服务，使得公司长期收入减少20%。

在与多名同行交谈及看了主要承包商艾力斯（IRIS,0010,创业板科技组）的财报后，分析员认为，移民局要在2025年完成NIISe系统的部署是非常艰难的任务，该发展与部署可能会有所改变，这可能会为该公司和同行带来一些商机。

考虑到移民相关业务对营业额带来实质贡献，预计将影响投资者对MYEG服务的购兴，该行维持收益预测，但将评级从“买进”下调至“持有”，目标价也从1令吉23仙下调至93仙。不过，仍然有不少分析员对该股保持乐观看法和维持“买进”评级。

大华继显认为，MYEG服务在移民相关服务仍扮演着重要角色，加上外国劳工部份逐步归来、推出的Zetrix区块链可促进与中国的区域贸易、可能获得新政府合同、汽车驾驶执照测试模拟等催化剂。

逢低买入良机
该行认为，这是逢低买入该股的良机，维持“买入”评级，目标价为1令吉30仙。

另外，MYEG服务已采用资本管理政策，让股东可直接从其对大马和中国科技初创公司的长期和高价值投资中受益。首先，该公司分两次投资AGMO控股（AGMO,0258,创业板科技组）25.8%的股份，并且投资各种国内和中国的初创企业，这些投资价值或超过10亿令吉，到2025年可能会创造可观的市值收益。

MYEG服务也在去年11月21日开始自动驾驶测试和培训系统（e-Testing）的概念验证（POC），这将为公司带来每年5000万至6000万令吉的利润。但鉴于发布延迟，该行保守预测仅做出适度的贡献。

MIDF研究维持MYEG服务盈利预测与“买入”评级，将目标价从1令吉23仙下调至1令吉，新目标价是基于每股盈利5.4仙，本益比从20.9倍降低至19倍。

该行认为，政策风险可能会阻止投资者买进该股，尤其是考虑到移民相关服务对其收入的重大贡献。然而，该公司2022至2023财政年的稳定盈利预测、道路运输业务的稳定销售及NIISe和陆路交通局（JPJ）电子测试系统和区块链项目等举措的潜在新商机，可能会支撑股价。

Posted by Income > 2023-02-07 19:18 | Report Abuse

This is the fate.

Posted by StartOfTheBull > 2023-02-07 19:22 | Report Abuse

Not only for Myeg, for other companies as well.
********
This maybe just a tip of the iceberg. Watch out for any other exorbitant contracts awarded by the previous government.

Posted by newbie8080 > 2023-02-07 19:26 | Report Abuse

It estimated that immigration-related services contribute to 40%-50% of MyEG's revenue.

"These immigration-related services include the renewal of foreign workers’ work permits (10%-15% of total revenue) and other ancillary and commercial services, such as renewal of foreign workers’ insurance and foreign worker job matching (30%-35%)
https://www.theedgemarkets.com/node/654172

Posted by EVO118 > 2023-02-07 19:36 | Report Abuse

So who has got the latest Richard Mill watch and from who? Another one of those unseen action going on.

Posted by Income > 2023-02-07 19:47 | Report Abuse

Tiada chan mari chan lagi


newbie8080
It estimated that immigration-related services contribute to 40%-50% of MyEG's revenue.

"These immigration-related services include the renewal of foreign workers’ work permits (10%-15% of total revenue) and other ancillary and commercial services, such as renewal of foreign workers’ insurance and foreign worker job matching (30%-35%)
https://www.theedgemarkets.com/node/654172
18 minutes ago

Posted by speakup > 2023-02-07 21:26 | Report Abuse

40-50% of revenue loss means it can potentially drop to 45sen! half of share price as per last week closing

Posted by cheeseburger > 2023-02-07 21:28 | Report Abuse

what is the rational to discuss? the NIISe is in the plan and having another 3rd party will not be cost efficient and unnecessary. Come to this kind of uncertainties the best is stay out of this counter.

Posted by speakup > 2023-02-07 21:30 | Report Abuse

this is pro-najib counter
najib in prison, no support anymore. Free Fall!

Posted by benykp > 2023-02-07 23:27 | Report Abuse

https://www.theedgemarkets.com/node/654299

Posted by jack2 > 2023-02-08 07:12 | Report Abuse

government will get rid of all the leeches with better online system, next the jpj

Posted by Michael R. > 2023-02-08 07:48 | Report Abuse

Why not this price drop happen the moment IRIS won the NISSE . Why now..

Posted by Michael R. > 2023-02-08 07:49 | Report Abuse

Then why not 2025 later?

Posted by James_Bond > 2023-02-08 07:50 | Report Abuse

Finally someone agrees with myeg TP 0.4+! Haha…

Posted by speakup > 2023-02-08 07:50 | Report Abuse

coz ppl tot got few more years to dispose (till 2025)
but the smart money cabut first. why wait till 2025

Posted by speakup > 2023-02-08 07:52 | Report Abuse

swap to pro-Anwar counters lah

Posted by speakup > 2023-02-08 07:52 | Report Abuse

why want to stick to pro-Najib counter when he is already in prison?

Posted by James_Bond > 2023-02-08 07:56 | Report Abuse

Please remember myeg losing the main revenue generator ie immigration service! Seeing myeg will following the path of ATAIMS, limit down few times! Be careful.

Posted by jack2 > 2023-02-08 07:57 | Report Abuse

the price will gradually move down to 10 cts in the future

Posted by James_Bond > 2023-02-08 08:01 | Report Abuse

Personally don’t see any wrong with government not awarding the immigration service to myeg because this service could increase government revenue and income, thus, improving the gov budget deficit for more than 10 years! Well done and thumb up for the brave move for the better Malaysia in the future!

Posted by nokia8250 > 2023-02-08 08:10 | Report Abuse

@james_bond, good job? It's a 1 billion ringgit output from the govt and you forget the maintenance fee Iris will be charging year by year for as long as the system move. The system is not developed by govt. Govt is merely using more of its people to work in between.

Posted by EVO118 > 2023-02-08 08:35 | Report Abuse

RM900m is not enough for 2 years. Obviously someone has built in price variations after a year. I would anticipate the exercise will cost at least 3 folds of what they allow for.

Posted by fakemyname > 2023-02-08 08:37 | Report Abuse

this counter will bleed, and bleed. chance to TP 1.00 hit dead end. see the trend and throw as fast as you can.

Posted by diamjela > 2023-02-08 08:41 | Report Abuse

just look at the buy vs sell volume ytd.. so much dump down but price still maintain? who is trying to manipulate to lure the retailers?

Posted by Michael R. > 2023-02-08 08:42 | Report Abuse

Huge nosh... possible like SAP..

Posted by EVO118 > 2023-02-08 08:48 | Report Abuse

You pay bananas you are going to end up getting slow working monkeys who can't handle the pressure.

Posted by Blue Tulip > 2023-02-08 08:56 | Report Abuse

Why so many doomsayers?

Posted by Opulent > 2023-02-08 09:29 | Report Abuse

Datuk Wong has his plans. He has acquired more than 1m shares

Posted by DestinyL > 2023-02-08 09:31 | Report Abuse

Lot more than 1m