MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

1.02

Today's Change

-0.02 (1.92%)

Day's Change

1.01 - 1.04

Trading Volume

65,950,700


67 people like this.

66,549 comment(s). Last comment by Tenka226 3 hours ago

Posted by Investgaogao > 2023-02-08 22:49 | Report Abuse

Hahaha... Why sudden course teaching guys here :) can get rid of it??? The comments here getting interesting

Posted by LucidStocks > 2023-02-08 22:52 | Report Abuse

lol.. guru ?

Noni

675 posts

Posted by Noni > 2023-02-08 23:10 | Report Abuse

EPF bought on the 2-Feb and sitting on paper loss on 7-Feb....damn sial.

risenfall

318 posts

Posted by risenfall > 2023-02-08 23:37 | Report Abuse

iris sure down tomorrow but not so sure for myeg.
Bad news: myeg is also involved in corruption linked to s5h and niise project.
Good news: niise now classified as sick project thus will be cancelled, and myeg's myimms concession likely to be renewed since any other competitive system is yet to be introduced.

Income

10,598 posts

Posted by Income > 2023-02-09 04:36 | Report Abuse

Bombshells: Bad news: myeg is also involved in corruption linked to s5h and niise project???
I don’t touch myeg and iris. Wait until MACC gives verdict lah.

EVO118

2,012 posts

Posted by EVO118 > 2023-02-09 05:48 | Report Abuse

EPF ups its stake in MyEG.
https://www.theedgemarkets.com/node/654482

EVO118

2,012 posts

Posted by EVO118 > 2023-02-09 05:55 | Report Abuse

It's the WHO, WHO in Iris that has taken NIISE off MYEG and any other smaller players, not whether they have the ability, cash flow or know how to manage it. The initial set up of the operation nation wide would have cost them way over RM$900M. The NIISE project is worth over RM$3B on the low side. With $$$ like that flying around, MACC should seriously have a closer look at it. There is always going to be somebody trying to offer something and somebody taking something. Temptation is too great.

Income

10,598 posts

Posted by Income > 2023-02-09 06:13 | Report Abuse

EPF ups its stake in MyEG.
https://www.theedgemarkets.com/node/654482

Epf is following cheapskates strategy? Epf just hit and run lah. You follow Epf, you will be broke very soon

Rio2814

1,943 posts

Posted by Rio2814 > 2023-02-09 06:50 | Report Abuse

Why MYEG drop? Due to immigration dept will handle the transaction by themselves by using NIISE System. Now the project classified as sick project. The question now is whether immigration department can handle the project by 2025? If can what will happen to MYEG?
Next question is if MYEG are involved in bribes and how that will impact?
Tak perlu fight, wait till 9am and we will know the answer. Naik or turun

EVO118

2,012 posts

Posted by EVO118 > 2023-02-09 07:25 | Report Abuse

EPF did not get in for fun. You can be sure they are here to make decent profits with proper analysis.

Posted by investortrader88 > 2023-02-09 07:44 | Report Abuse


Change in the Interest of Substantial Shareholder (202302083600168)
Company Name MY E.G. SERVICES BHD
Stock Code / Short Name 0138 / MYEG
Date & Time Announce 08/02/2023 07:00:01 AM
Subject Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Content
Substantial Shareholder's Particulars
Name : KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address : Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia
NRIC/Passport No/Company No. : KWAPACT6622007
Nationality/Country of Incorporation : Malaysia
Descriptions(Class & nominal value) : Ordinary shares

Name & address of registered holder
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com

Details
Date of Change No of shares Price Transacted(RM) Transaction type
07/02/2023 8,070,600 0.000 Disposed
07/02/2023 17,371,200 0.000 Acquired

Description of other type of transaction :
Circumstances by reason of which change has occured
1. Acquisition of shares in open market by KWAP's Fund Manager2. Disposal of shares in open market by KWAP's Fund Manager

Nature of interest : Indirect Interest
Direct (units) : 454,129,864
Direct (%) : 6.107%

Indirect/deemed interest(units) : 88,299,357
Indirect/deemed interest(%) : 1.187%

Total no of shares after change : 542,429,221
Date of notice : 08/02/2023

Remarks
The percentage of direct and indirect interests as at Date of Notice
exclude 41,595,400 ordinary shares bought back by the Company and retained as
treasury shares.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

free website hit counter

Posted by investortrader88 > 2023-02-09 07:45 | Report Abuse


Change in the Interest of Substantial Shareholder (202302083600158)
Company Name MY E.G. SERVICES BHD
Stock Code / Short Name 0138 / MYEG
Date & Time Announce 08/02/2023 07:00:01 AM
Subject Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Content
Substantial Shareholder's Particulars
Name : EMPLOYEES PROVIDENT FUND BOARD
Address : 5th Floor, EPF Tower No. 1, Persiaran Kwasa Utama 40150 Shah Alam Selangor Malaysia
NRIC/Passport No/Company No. : EPF Act 1991
Nationality/Country of Incorporation : Malaysia
Descriptions(Class & nominal value) : Ordinary shares

Name & address of registered holder
You are advised to read the entire contents of the announcement or
attachment. To read the entire contents of the announcement or attachment,
please access the Bursa website at http://www.bursamalaysia.com

Details
Date of Change No of shares Price Transacted(RM) Transaction type
02/02/2023 1,544,800 0.000 Acquired

Description of other type of transaction :
Circumstances by reason of which change has occured
Acquisition of shares

Nature of interest : Direct Interest
Direct (units) : 512,966,176
Direct (%) : 6.897%

Indirect/deemed interest(units) : 0
Indirect/deemed interest(%) : 0.000%

Total no of shares after change : 512,966,176
Date of notice : 03/02/2023

Remarks
The percentage of direct interest as at Date of Notice excludes 39,595,400
ordinary shares bought back by the Company and retained as treasury shares.
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

free website hit counter

zackboy

242 posts

Posted by zackboy > 2023-02-09 08:05 | Report Abuse

https://www.nst.com.my/news/nation/2023/02/877760/macc-probing-former-pm-and-son-law
MACC probing former PM and son-in-law
KUALA LUMPUR: The Malaysian Anti-Corruption Commission (MACC) is investigating a former prime minister and his son-in-law in relation to a lucrative government contract.

A source close to MACC said the investigations are focused on possible abuse of power in the award of the National Integrated Immigration System (NIISe).

"MACC is looking at how the contract was given and the company's links to those who were in power at the time," the source said.

There have been suggestions that NIISe, which is being developed to replace the Immigration Department's existing foreign workers registration mechanism by 2025 is a sick project.

Opulent

140 posts

Posted by Opulent > 2023-02-09 08:55 | Report Abuse

Big fish playing up the market. Small fish spectators.

Fklim888

1,613 posts

Posted by Fklim888 > 2023-02-09 09:08 | Report Abuse

big fish game time lol

Opulent

140 posts

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

Hit and run

Posted by Go lucky Happy > 2023-02-09 09:11 | Report Abuse

Profit taking.

smallrail

147 posts

Posted by smallrail > 2023-02-09 09:13 | Report Abuse

today afternoon is showtime

Rio2814

1,943 posts

Posted by Rio2814 > 2023-02-09 09:15 | Report Abuse

Why afternoon?

Posted by unknown1234 > 2023-02-09 09:16 | Report Abuse

Anyone knows how to see if EPF entered? How do we actually check their current holding

Opulent

140 posts

Posted by Opulent > 2023-02-09 09:17 | Report Abuse

WTS acquired 5m shares at .738 yesterday... again

nicholas99

9,844 posts

Posted by nicholas99 > 2023-02-09 09:19 | Report Abuse

morning cannot. then sure say afternoon ma.. ini saja cakap lol..

Keko789

77 posts

Posted by Keko789 > 2023-02-09 09:27 | Report Abuse

50cent is real value... Keep trow please..

Rio2814

1,943 posts

Posted by Rio2814 > 2023-02-09 09:29 | Report Abuse

Hahaha

Posted by PepGuardiola > 2023-02-09 09:39 | Report Abuse

As long as no official statement from MYEG to end the contract. We cannot simply panic.

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-02-09 09:40 | Report Abuse

You no eye see the Govt Press announcement meh??

smallrail

147 posts

Posted by smallrail > 2023-02-09 09:44 | Report Abuse

coz morning got meeting, afternoon baru ada time place order.

Chichi5

41 posts

Posted by Chichi5 > 2023-02-09 09:46 | Report Abuse

You no eye see the Govt Press announcement meh??

thats not an announcement its just a statement from the DG not from the ministry dept, anything can happen . from SKin to Niise . lollllllllllllllllllllllllllllllllll

Posted by helldawson > 2023-02-09 09:49 | Report Abuse

Politic related counters really full of surprises everyday
Tuesday ditch MYEG
Wednesday rumours IRIS bribe, sick project
Thursday EPF confident pump
Friday how? Government announce continue with myIMMs because no better solution?

Did you see there is many hands playing behind?

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-02-09 09:49 | Report Abuse

Nice!...so DG is not part of the Govt and above the Ministries??? LOL!!

smallrail

147 posts

Posted by smallrail > 2023-02-09 09:53 | Report Abuse

If wan drop till 50 sen yesterday already drop liao, why wait today?

Opulent

140 posts

Posted by Opulent > 2023-02-09 09:55 | Report Abuse

No more excitement as for now

Chichi5

41 posts

Posted by Chichi5 > 2023-02-09 09:59 | Report Abuse

Nice!...so DG is not part of the Govt and above the Ministries??? LOL!!

any contracts or agreement are done within the ministry /parliment bukan DG yang tentukan siapa boleh buat apapap
tau ke tak ni???????????/

James_Bond

3,156 posts

Posted by James_Bond > 2023-02-09 11:56 | Report Abuse

Averaging up myeg 100,000 shares at 0.72! Cheers!

James_Bond

3,156 posts

Posted by James_Bond > 2023-02-09 11:58 | Report Abuse

MYEG is sort of BN linked company… now BN still in the unity government with PH… no worries at all… cheers!

Canlah

642 posts

Posted by Canlah > 2023-02-09 12:09 | Report Abuse

everyday also like cb this counter. no hope

Canlah

642 posts

Posted by Canlah > 2023-02-09 12:10 | Report Abuse

fall from 0.95sen. Very dangerous. later become 0.50sen

James_Bond

3,156 posts

Posted by James_Bond > 2023-02-09 12:10 | Report Abuse

Bought another 100,000 shares at 0.715! Cheers!

speakup

25,627 posts

Posted by speakup > 2023-02-09 12:57 | Report Abuse

TS Wong is Najib crony

purple70

248 posts

Posted by purple70 > 2023-02-09 13:04 | Report Abuse

Shor selling on Tuesday, so they need to settle by today evening......only way is for price to move up to clear position.

Watch for today , unless many had cleared their position by yesterday

purple70

248 posts

Posted by purple70 > 2023-02-09 13:11 | Report Abuse

Also a possibility that the period is extended beyond 2025.....Anything boleh in this land

James_Bond

3,156 posts

Posted by James_Bond > 2023-02-09 14:30 | Report Abuse

Still have 2+ million ringgit to scoop myeg… must push up above 0.75!

Keko789

77 posts

Posted by Keko789 > 2023-02-09 14:52 | Report Abuse

below 7 today than its gone case...

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:03 | Report Abuse

bye2 this counter. Useless, focus more on iris.

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:03 | Report Abuse

moving up

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:03 | Report Abuse

IRIS

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:17 | Report Abuse

Ok ok tambah


KUALA LUMPUR: Dua institusi pelaburan berkaitan kerajaan (GLIC), Kumpulan Wang Simpanan Pekerja (KWSP) dan Kumpulan Wang Persaraan (Diperbadankan) (KWAP) meningkatkan pegangan dalam MyEG Services Bhd dalam urus niaga masing-masing pada 2 dan 7 Februari lalu.

Susulan itu, KWSP ketika ini memiliki pegangan langsung sebanyak 512.966 juta saham atau 6.897 peratus dalam MyEG.

Sementara itu, KWAP pula memiliki pegangan langsung sebanyak 454.129 juta saham atau 6.17 peratus dan pegangan tidak langsung 88.299 juta saham atau 1.187 peratus dalam MyEG. Pegangan keseluruhannya adalah 542.429 juta saham.

KWSP menambah pegangan saham dalam MyEG sejak Disember tahun lalu. Setakat ini, ia telah membeli 12.8 juta saham secara keseluruhan.

Dalam pemfailan berasingan kepada Bursa Malaysia, My EG memaklumkan Kumpulan Wang Persaraan (Diperbadankan) telah membeli 17.37 juta saham syarikat itu dan turut menjual 8.07 juta saham. Kedua-dua urus niaga itu berlaku di pasaran terbuka pada 7 Februari.

MyEG kekal menjadi kaunter antara paling aktif didagangkan, selepas harga sahamnya jatuh ke paras terendah 26 bulan pada 7 Februari lalu.

Gelombang jualan itu tercetus berikutan laporan semua perkhidmatan dan proses imigresen akan kembali semula kepada Jabatan Imigresen menjelang 2025, termasuk yang diuruskan oleh pihak ketiga seperti MyEG.

Ketua Pengarah Imigresen, Khairul Dzaimee Daud ketika dipetik New Straits Time (NST), berkata langkah itu susulan pelaksanaan Sistem Imigresen Bersepadu Kebangsaan (NIISe), di mana RM900 juta diperuntukkan kepada Kementerian Dalam Negeri.

Menurut NST, Khairul berkata, NIISe menjadi pemangkin perubahan menambah baik kecekapan jabatan itu termasuk memudahkan pengguna.

"Saya kadang-kadang menerima laporan gangguan teknikal dalam Sistem Imigresen Malaysia (myIMMs), di mana kita sudah menggunakannya hampir 13 tahun. NIISe akan menggantikan sistem itu dalam tempoh dua tahun.

"NIISe juga akan menggantikan semua transaksi imigresen, termasuk visa, permit kerja dan permohonan serta pembaharuan pasport, selain pemeriksaan di lapangan terbang dan pelabuhan," katanya.

Berdasarkan laporan media sebelum ini juga, pada Julai 2020, Putrajaya memberi lanjutan tiga tahun kepada MyEG menguruskan pembaharuan dalam talian pas lawatan kerja sementara bagi pekerja asing. Kontrak itu dianggarkan bernilai RM208 juta.

Khairul berkata, sistem baharu dijangka menamatkan barisan panjang dan tempoh menunggu lama di kaunter imigresen di lapangan terbang kerana urusan dilakukan automatik.

"Contohnya, kita mampu mengurangkan jumlah kaunter manual dari 38 (kini) kepada 15. Lebih ramai pelawat luar juga dibenar menggunakan e-gates.

"Bagaimanapun, sudah pasti kita tidak boleh membenarkan semuanya melalui e-gates kerana faktor keselamatan," katanya.

NIISe membabitkan pangkalan data bersepadu lebih 20 agensi di negara ini, termasuk polis dan Jabatan Pendaftaran Negara (JPN).

Khairul berkata, permohonan pasport lebih mudah dengan pangkalan data bersepadu itu memandangkan pihak jabatan secara mudah menentusahkan sebarang maklumat dengan JPN.

Dalam pada itu, syarikat berkenaan dalam pengumuman kepada Bursa Malaysia petang semalam berkata, syarikat itu tidak mengadakan sebarang pertemuan dengan kerajaan berhubung langkah untuk meletakkan semua transaksi berkaitan imigresen di bawah Sistem Imigresen Bersepadu Kebangsaan (NIISe).

MyEG berkata, tiada sebarang perbincangan antara Lembaga Pengarahnya dengan Kementerian Dalam Negeri (KDN) atau Jabatan Imigresen Malaysia (JIM) mengenai cadangan kerajaan menyatukan semua transaksi imigresen di bawah NIISe.

"Lembaga Pengarah akan membuat pengumuman berkaitan kepada Bursa Malaysia sekiranya terdapat sebarang maklumat penting termasuk di bawah Keperluan Penyenaraian Pasaran Utama," katanya.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:21 | Report Abuse

Mau terbang balik. Sumber: Maybank Trade

Uncertainty casted over its immigration biz; TP cut
We had a conversation with the management following the news implying MyEG will no longer be involved in the nation’s immigration system by 2025. The related concession business comprises c.10% of MyEG’s FY23E revenue, and its ancillary business could also be impacted. We make no change to our earnings forecasts, though our TP is cut to MYR1.01 (-26%) as we change our valuation methodology to SOTP (PER previously). Maintain BUY; its new businesses could grow to fill the void by then.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:22 | Report Abuse

Oh, semalam ada puak shortsell hahaha


KUALA LUMPUR: Bursa Malaysia has suspended the short selling of MY E.G. Services Bhd's (MyEG) shares for the rest of the day under proprietary day trading (PDT) and intraday short selling (IDSS).

The suspension was made after the e-government services provider's stock dropped more than 15 per cent, or 15 sent, from the reference price.

As at 10.15am, MyEG Services Bhd slumped 19.5 sen or 20.42 per cent to 76 sen, amid news that all immigration services and processes would be fully managed by the Immigration Department by 2025.

"The short selling under PDT and IDSS will only be activated the following trading day, on Wednesday, at 08:30 am," Bursa said today.

The New Straits Times reported on Monday that by 2025, all immigration-related affairs, including those now managed by outside parties, such as MyEG, would revert to the Immigration.

Besides passport renewals and visa applications, applications and renewals of foreign worker and maid permits would be handled by the department when it rolls out its National Integrated Immigration System (NIISe), the Immigration director-general Datuk Khairul Dzaimee Daud told the NST.

Under the current Malaysian Immigration System (MyMIMMs), some services - termed "patch-on" services - are outsourced to independent contractors.

Meanwhile, Affin Hwang Capital downgraded MyEG to "Hold" from "Buy" with a lower target price of 93 sen from RM1.23 on heightened policy risks.

"Broadly, we expect the news and policy risks to weaken investors' interest in MyEG, considering the material revenue contribution from its immigration-related businesses.

"On the other hand, MyEG's steady 2022-2024 earnings outlook, stable revenue from the road-transport businesses, exciting new business opportunities, and potential business opportunities from NIISe related works should help support its share price," it said in a note today.

Affin Hwang, however, maintained MyEG 2022-2024 earnings forecasts.

"We now peg our price target at 19x 2023 price earnings ratio (PER) (from 25x), in line with MyEG's five-year average PER."

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:23 | Report Abuse

Shortseller akan muflis. Bursa dah stop shortselling bagi myeg tahniah

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