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

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:24 | Report Abuse

Lantun balik...

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:25 | Report Abuse

Takda lagi shortselling... Fly lah


KUALA LUMPUR: Investors dumped My EG Services Bhd's (MyEG) shares at the start of Tuesday trading as the company was expected to be negatively impacted by the reversion of immigration services and processes to the Immigration Department in 2025.

The stock gapped down 30 sen or 31.41% to the bottom limit of 65.5 sen a share at the opening bell, as investors reacted with a flurry of selling activity.

As at 10.18am, the share had pared losses to trade 18.5 sen or 19.4% lower at 77 sen a share on the back of 599.83 million units exchanging hands.

A New Straits Times article yesterday cited Immigration director-general Datuk Khairul Dzaimee Daud as saying the department was moving to directly handle all immigration transactions, including those currently being handled by outside parties, via the national integrated immigration system (NIISe).

Besides passport renewals and visa applications, the transactions would also include applications and renewals of foreign workers' permits and maid permits.

This is expected to negatively impact the revenue of independent contractors currently involved in providing services, including MyEG.

However, UOB Research reiterated its "buy" call on the electronic government solutions provider and considers the drop in share price a "great buying opportunity".

"We are unsure how much weight this present director general carries, but should MYEG lose it’s concession with the immigration, it would theoretically still be able to provide ancillary businesses within the eco system such as foreign worker matching, accommodation services, door-to-door and insurance services that’s the bulk of its immigration-related earnings," it said in a note.

The research firm also said there are plenty of catalysts in 2023 and beyond for the company.

These include a forecast of 16% earnings growth, the launch of the Zetrix blockchain relating to China customs, IPO and subsequent distribution in specie of start-up investments in China and Malaysia.

"At today’s limit down price, the company’s trading at below two standard deviations to mean valuation, at about 2023 10x price-earnings.

"We maintain our RM1.30 target price as we take the position that MYEG’s concession would not compromised in 2025," said UOB.

Meanwhile, Bursa Malaysia has suspended the short selling of MyEG shares for the rest of the day under proprietary day trading (PDT) and intraday short selling (IDSS).

This was owing to the stock's share price dropping more than 15 sen or 15% from the reference price.

"The short selling under PDT and IDSS will only be activated the following trading day, on Wednesday, at 08:30 am,” said the market operator in a stock filing.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:25 | Report Abuse

No wonder kwap dan kswp sapu nonstop kini

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:26 | Report Abuse

Shortseller beli mahal tutup posisi haha

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:27 | Report Abuse

Dielah shortseller, kwsp dan kwap banyak tunai... How to fight them.. now shortselling tak bagi pulak haha

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:27 | Report Abuse

Macam cypark punya kes... Kini Maybank pulak target rm1.01

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:28 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MY E.G. SERVICES BERHAD

Particulars of substantial Securities Holder
Name KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
Address Level 36, Integra Tower
The Intermark
348 Jalan Tun Razak
Kuala Lumpur
50400 Wilayah Persekutuan
Malaysia.
Company No. KWAPACT6622007
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 07 Feb 2023
17,371,200
Acquired Indirect Interest
Name of registered holder Kumpulan Wang Persaraan (Diperbadankan)
Address of registered holder Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia
Description of "Others" Type of Transaction
2 07 Feb 2023
8,070,600
Disposed Indirect Interest
Name of registered holder Kumpulan Wang Persaraan (Diperbadankan)
Address of registered holder Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred 1. Acquisition of shares in open market by KWAP's Fund Manager
2. 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 securities after change 542,429,221
Date of notice 08 Feb 2023
Date notice received by Listed Issuer 08 Feb 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.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 08 Feb 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-27012023-00061

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:28 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MY E.G. SERVICES BERHAD

Particulars of substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address 5th Floor, EPF Tower
No. 1, Persiaran Kwasa Utama
Shah Alam
40150 Selangor
Malaysia.
Company No. EPF Act 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 02 Feb 2023
1,544,800
Acquired Direct Interest
Name of registered holder Citigroup Nominees (Tempatan) Sdn. Bhd. - Employees Provident FD BD(TEMPLETON
Address of registered holder Level 42, Menara Citibank 165 Jalan Ampang 50450 Kuala Lumpur Wilayah Persekutuan Malaysia
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred 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
Total no of securities after change 512,966,176
Date of notice 03 Feb 2023
Date notice received by Listed Issuer 08 Feb 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.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 08 Feb 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-18012023-00091

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:29 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MY E.G. SERVICES BERHAD

Particulars of substantial Securities Holder
Name MR WONG THEAN SOON
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 07 Feb 2023
5,000,000
Acquired Direct Interest
Name of registered holder Wong Thean Soon
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Direct (units) 922,106,285
Direct (%) 12.401
Indirect/deemed interest (units) 1,283,966,115
Indirect/deemed interest (%) 17.267
Total no of securities after change 2,206,072,400
Date of notice 07 Feb 2023
Date notice received by Listed Issuer 07 Feb 2023


Remarks :
1. The percentage of direct and indirect interests as at the Date of Notice exclude 41,595,400 ordinary shares bought back by the Company and retained as treasury shares.

2. The total indirect shares as at the Date of Notice of 1,283,966,115 ordinary shares are registered in the name of Asia Internet Holdings Sdn. Bhd.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 07 Feb 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-07022023-00052

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:31 | Report Abuse

My EG Services Bhd plans to distribute its entire 25.8% equity interest in Agmo Holdings Bhd by way of dividend-in-specie to its shareholders.

In a filing with the local bourse, MyEG said the stake, comprising 84 million shares, is currently held via its wholly-owned MY EG Capital Sdn Bhd. On completion of the distribution, based on an entitlement date that is yet to be fixed, MYEG Capital will cease to be a major shareholder of Agmo.

The proposed dividend-in-specie is to reward shareholders by allowing them to hold shares directly in Agmo, instead of through the group, said MyEG.

“Shareholders will also be able to benefit directly from the future financial performance and distributions to be declared (if any) by Agmo,” said MyEG.

MyEG’s carrying amount of the investment in Agmo shares is RM72.7 million. Based on the group's financial statement for the nine months ended Sept 30 2022, it recognised an investment gain of RM61.9 million following the listing of Agmo on the ACE Market of Bursa Securities in August.

The proposed dividend-in-specie will be done in two tranches. The first tranche, involving 69.7 million shares, will be distributed once the voluntary moratorium on the sale, transfer or assignment of the shares — which MyEG undertook prior to Agmo's listing, in compliance with listing requirements — is uplifted on Feb 17, 2023.

The remaining 14.2 million Agmo shares, which are subject to the moratorium for another six months till Aug 17, 2023, will be distributed once the moratorium ends.

The first tranche will be distributed on the basis of 0.0093 Agmo share for every one MyEG share held.

The second tranche will be distributed on the basis of 0.0019 Agmo share for every one MyEG share held.

MyEG shares closed unchanged at 87 sen on Friday, giving the company a market capitalisation of RM6.51 billion.

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:32 | Report Abuse

IRIS

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:33 | Report Abuse

Doubt on MYEG. A a lot of politics interference.

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:34 | Report Abuse

If you think logically, their revenue will cut off 20%.

Canlah

642 posts

Posted by Canlah > 2023-02-09 15:34 | Report Abuse

All glc and politics counter. Later happen like serba

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:36 | Report Abuse

KUALA LUMPUR: MY E.G Services Bhd expects its concession to handle foreign workers and maids applications and renewals will be maintained at least until 2025, according to its chief executive officer Wong Thean Soon.

Analysts briefed by Wong following reports suggesting that MyEG would no longer be involved in the immigration concession by 2025, also said the market had overreacted to the news.

MyEG saw its share slump 27 per cent on Tuesday after the New Straits Times disclosed that all immigration-related affairs, including those now being managed by outside parties, would be managed by the Immigration Department directly once the new National Integrated Immigration System (NIISe) went live by 2025.

Besides passport renewals and visa applications, these would also include applications and renewals of foreign workers' permits and maid permits.

"We think the market overreacted to the NIISe news (share price down 27 per cent)," CGS-CIMB Research analyst Mohd Shanaz Noor Azam wrote after hosting a conference call with Wong on Feb 7.

CGS-CIMB believes MyEG stands to receive another extension to its immigration-related services concession due in May 2023, given that NIISe which, is developed by Iris Corp Bhd, would not be ready anytime soon.

"We believe this is the optimal outcome in the near-term given that we do not expect the government to immediately replace the incumbent service providers and risk a public backlash if the new system fails to deliver," CGS-CIMB said today.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:37 | Report Abuse

My E.G Services - Another Record-Breaking Quarter
Date:
2022-11-30
Firm:
BIMB
Stock:
MYEG
Price Target:
1.22
Price Call:
BUY
Last Price:
0.72
Upside/Downside:
+0.50 (69.44%)

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:38 | Report Abuse

2025, kurang pendapatan ~20%> banyak masa untuk grow, dll...

Chichi5

41 posts

Posted by Chichi5 > 2023-02-09 15:39 | Report Abuse

2025 niise masih jalan also dunno. too many scandals in KDN .first skin then now NIISE.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:40 | Report Abuse

20% pendapatan kurang but untung, so what jika untung , masih ada 80%. ... Merrka boleh grow the biz dalam 3 tahun ni untuk even beat the 20% no big deal mangkok

Good123

25,111 posts

Posted by Good123 > 2023-02-09 15:42 | Report Abuse

Kwap. Mulanya keliru, kemudian tambah banyak

<%-- for fixing scrollbar--%>
Save Print Back

0138 MYEG MY E.G. SERVICES BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Particulars of Shareholder
Name : KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
NRIC/Passport No./Company No. : KWAPACT6622007
Nationality/Country of Incorporation : Malaysia
Address:
Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala
Lumpur Wilayah Persekutuan Malaysia
Descriptions (Class and Nominal Value):
Ordinary shares
Name and 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 of Changes
Date of Notice : 08/02/2023
Transactions:
No. Date Transaction Type No of Shares Price (RM)
1. 07/02/2023 Disposed 8,070,600 -
2. 07/02/2023 Acquired 17,371,200 -
Circumstances by reason of which change has occurred:
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
Consideration:

No of Shares Held After Changes:
Direct : 454,129,864 shares (6.1070%)
Indirect/Deemed Interest : 88,299,357 shares (1.1870%)
Total : 542,429,221 shares
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
Submitted By:

08/02/2023 07:00 AM


Ref Code: 202302083600168

DickyMe

14,499 posts

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

10 sen coming soon!
10 sen pasti tiba!

Posted by nightmare007 > 2023-02-09 16:04 | Report Abuse

@good123 hamboiii kuatnya promote myeg...pasukgb pun masih gagal :))))))

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:13 | Report Abuse

The tech-heavy index has a good chance of surging in 2023, rebounding from last year's lows

carimakan

2,492 posts

Posted by carimakan > 2023-02-09 16:14 | Report Abuse

takkan nk jadi cam serba jugak..serba hancur camni

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:15 | Report Abuse

Cash rich gila :)
MY E.G. SERVICES BERHAD
(Company No. 505639-K)
Condensed Consolidated Statements of Cash Flows for the Third Quarter ended September 30, 2022
(The figures have not been audited) (Cont’d)
Current Period
Ended
Corresponding
Period Ended
30.09.2022 30.09.2021
RM’000 RM’000
CASH FLOWS FROM FINANCING ACTIVITIES
Dividends paid (30,678) (76,071)
Dividends received -
Decrease / (Increase) in amount owing by associates (8) 17
Decrease in amount due to a joint venture (1,996) -
Purchase of treasury shares (65,566) (19,890)
Proceeds from Dividend Reinvestment Plan - 49,302
Expenses related to issuance of ordinary shares (429) (94)
Drawdown of term loan - 103,483
Repayment of term loans (19,700) (47,695)
Drawdown of revolving credit 80,000 -
Repayment of lease liabilities (3,345) (5,680)
Interest expenses on lease liabilities paid (171) (565)
NET CASH FROM / (FOR) FINANCING ACTIVITIES 82,807 (121,893)
NET INCREASE IN CASH AND BANK BALANCES 129,418 141,092
EFFECT OF EXCHANGE RATE FLUCTUATIONS ON CASH HELD 5 (2)
CASH AND BANK BALANCES AT BEGINNING OF THE FINANCIAL
PERIOD 234,613 89,279
CASH AND BANK BALANCES AT END OF THE FINANCIAL PERIOD 218,702 375,703
Notes:
i) The Condensed Consolidated Statements of Cash Flows should be read in conjunction with the Audited Financial
Statements for the financial year ended 31 December 2021 and the accompanying notes to the Unaudited Financial
Statements.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:15 | Report Abuse

Sama macam Cypark, selepas shortselling, melambung gila.. sabar bro!

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:16 | Report Abuse

Share buyback juga powerlah


Save Print Back

0138 MYEG MY E.G. SERVICES BHD
Immediate Announcement on Shares Buy Back
Date of Buy Back : 07/02/2023
Description of Shares Purchased : Ordinary shares
No. of Shares Purchased : 2,000,000 shares
Minimum Price Paid For Each Share Purchased : RM 0.715
Maximum Price Paid For Each Share Purchased : RM 0.715
Total Consideration Paid : RM 1,435,719.00
No. of Shares Purchased Retained in Treasury : 2,000,000 shares
No. of Shares Which Are Proposed To Be Cancelled : 0 shares
Cumulative Net Outstanding Treasury Shares As At To-Date : 41,595,400 shares
Adjusted Issued Capital After Cancellation : 7,477,571,078
Date Lodged With Registrar of Company :
Lodged By :
Remarks:
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
Submitted By:

07/02/2023 07:00 AM


Ref Code: 202302074700295

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:19 | Report Abuse

Myeg berkembang di luar negara

MYEG PH
https://www.myeg.ph
MYEG Philippines - Online Bills Payment
1-minute online payment for DOH-Metro Manila fees. Fast and convenient. Powered by MYEG. Call DOH-Metro Manila to get your OP Number before proceeding with your

Posted by nightmare007 > 2023-02-09 16:25 | Report Abuse

finger cross, @good123 akan gagal lagi :))))

Good123

25,111 posts

Posted by Good123 > 2023-02-09 16:42 | Report Abuse

Cypark pun adik haha

Canlah

642 posts

Posted by Canlah > 2023-02-09 16:52 | Report Abuse

See. No power liao. bye2

Canlah

642 posts

Posted by Canlah > 2023-02-09 16:53 | Report Abuse

not convincing this counter after all scandal and news

Canlah

642 posts

Posted by Canlah > 2023-02-09 16:53 | Report Abuse

Frankly speaking, it will crash 1 more time

Income

10,598 posts

Posted by Income > 2023-02-09 17:03 | Report Abuse

Wow, good111 promotion giler here???.

Ok, I buy 100shares to support good111.

fortunefire

1,404 posts

Posted by fortunefire > 2023-02-09 17:05 | Report Abuse

gone already. too many sellers lining up

Posted by nightmare007 > 2023-02-09 17:07 | Report Abuse

Promote lebih...hasil tidak ada..kekekkekekeke

@Income

Wow, good111 promotion giler here???.

Ok, I buy 100shares to support good111.

Income

10,598 posts

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

Nightmare already come here.

Nightmare STARTED ALREADY

Income

10,598 posts

Posted by Income > 2023-02-09 17:16 | Report Abuse

Air kosong satu.

Cannot Roti Telur or Roti Kosong

nicholas99

9,844 posts

Posted by nicholas99 > 2023-02-09 17:21 | Report Abuse

government tarak duit already. don't want to spend so much at imigresen.. loke also criticizes the quality of the road tax. The last crony gives fat business bagi myeg.. see profit margin so high 50-60%. it's crazy.

BarrettTeo

407 posts

Posted by BarrettTeo > 2023-02-09 17:22 | Report Abuse

Risky to trade alrdy... wait for certain 'news' to come out...

Good123

25,111 posts

Posted by Good123 > 2023-02-09 18:59 | Report Abuse

Immediate Announcement on Shares Buy Back
MY E.G. SERVICES BERHAD

Date of buy back 09 Feb 2023
Description of shares purchased Ordinary shares
Currency Malaysian Ringgit (MYR)
Total number of shares purchased (units) 2,000,000
Minimum price paid for each share purchased ($$) 0.720
Maximum price paid for each share purchased ($$) 0.720
Total consideration paid ($$) 1,445,752.00
Number of shares purchased retained in treasury (units) 2,000,000
Number of shares purchased which are proposed to be cancelled (units) 0
Cumulative net outstanding treasury shares as at to-date (units) 43,595,400
Adjusted issued capital after cancellation
(no. of shares) (units) 7,477,571,078
Total number of shares purchased and/or held as treasury shares against total number of issued shares of the listed issuer (%) 0.58302



Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 09 Feb 2023
Category Immediate Announcement on Shares Buy Back
Reference Number SB1-07022023-00009

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:00 | Report Abuse

OTHERS MY E.G. Services Berhad ("MYEG" or "the Company") - Press Release: MYEG Philippines Delivers Solid Growth in 2022 to cement its position as the leading e-Govt service provider
MY E.G. SERVICES BERHAD

Type Announcement
Subject OTHERS
Description MY E.G. Services Berhad ("MYEG" or "the Company")
- Press Release: MYEG Philippines Delivers Solid Growth in 2022 to cement its position as the leading e-Govt service provider
The Board of Directors of the Company wishes to announce that the Company has through its joint venture company, MYEG Philippines Inc., continues to strengthen its position as the leading e-government services provider in the region and has recently secured the agreement to deliver services for the National Bureau of Investigation for another three years.



Please refer to the attachment in relation to the press release for further details.



This announcement is dated 9 February 2023.




Please refer attachment below.

Attachments
MY E.G. Services Berhad - Press Release on MYEG PH.pdf
165.9 kB

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 09 Feb 2023
Category General Announcement for PLC
Reference Number GA1-09022023-00055

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:02 | Report Abuse

MYEG Philippines Delivers Solid Growth in 2022 to cement its position as the leading
e-Govt service provider
Petaling Jaya, 9 February 2023 - MY E.G. Services Berhad ("MYEG" or "the
Group") continues to strengthen its position as the leading e-government services
provider in the region, delivering another year of robust growth in the Philippines as
the value of annual transactions handled surged over three-fold to a new high of
some PHP5 billion (USD91 million) in 2022.
Leveraging on its established track record as Malaysia's flagship e-government
services and solutions provider, MYEG kicked off its overseas expansion in 2017,
starting with the formation of its Philippine joint venture, MYEG Philippines Inc.
Within a span of five years, the Group has gone on to firmly establish itself as the
market leader in the Philippines, bringing to the Filipino public the ease and
convenience of being able to transact online with a growing list of key government
agencies and entities.
Underpinned by strong user reception towards its offerings, MYEG Philippines has
seen a solid increase in annual transaction counts, registering volumes in 2022 that
were up 40% from 2021 and more than double 2020 levels. That brought the total
value of transactions processed in 2022 to about PHP5 billion, more than three times
higher than the previous year's total. As a testament to its track record, MYEG
Philippines has recently secured the agreement to deliver services for the National
Bureau of Investigation for another three years. Through MYEG Philippines, users in the Philippines are presently able to transact
hassle-free and securely with government agencies that include:
• National Bureau of Investigation
• Bureau of Internal Revenue
• Landbank of the Philippines (for payments to more than 800 government
agencies)
• Development Bank of the Philippines
• Philippines Health Insurance Corporation Philippines Economic Zone
Authority
• Tourism Infrastructure and Enterprise Zone Authority Subic Bay Metropolitan
• Authorities Department of Health-Metro Manila Centre for Health
Development
As government digitalisation gathers pace at a global level, MYEG is looking ahead
with optimism, ready to continue playing its role as a key enabler of innovation, not
only in the Philippines and its home market of Malaysia, but also the rest of the
region.
"We are particularly excited about the potential for Web3 to transform the technology
landscape in the region and look forward to pioneering its adoption through the
variety of decentralised applications which we will be progressively rolling out to the
market soon," said TS Wong, MYEG Group Managing Director.
MYEG's layer-1 blockchain Zetrix is a public blockchain that facilitates smart
contracts and delivers privacy, security and scalability. The Group has signed an
agreement with China's national blockchain Xinghuo Blockchain Infrastructure and
Facility ("Xinghuo BIF") to own and operate the Xinghuo International Supernode,
which will connect to Zetrix. This enables Zetrix's on-chain assets and transactions to
cross seamlessly into Xinghuo, connecting governments, businesses and the people
and facilitating global trade and finance.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:02 | Report Abuse

Banyak negara sedang membangun memerlukan servis myeg :)

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:03 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 30 Sep 2022
MY E.G. SERVICES BERHAD

Financial Year End 31 Dec 2022
Quarter 3 Qtr
Quarterly report for the financial period ended 30 Sep 2022
The figures have not been audited
Attachments
MYEG Qtrly Report QTR3 FY2022.pdf
163.9 kB
Default CurrencyOther Currency
Currency: Malaysian Ringgit (MYR)

SUMMARY OF KEY FINANCIAL INFORMATION
30 Sep 2022

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
30 Sep 2022
30 Sep 2021
30 Sep 2022
30 Sep 2021
$$'000
$$'000
$$'000
$$'000
1 Revenue
162,616
156,796
486,176
489,989
2 Profit/(loss) before tax
154,512
78,770
329,175
236,490
3 Profit/(loss) for the period
152,025
78,148
325,576
234,728
4 Profit/(loss) attributable to ordinary equity holders of the parent
150,708
78,463
323,971
235,432
5 Basic earnings/(loss) per share (Subunit)
1.90
1.10
4.20
3.20
6 Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.25
0.25


AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.2474
0.2092

Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:

Country Base Unit Subunit
Malaysia Ringgit Sen
United States Dollar Cent
United Kingdom Pound Pence

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 29 Nov 2022
Category Financial Results
Reference Number FRA-27112022-00003

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:04 | Report Abuse

Debt and Equity Securities
There were no issuance and repayment of debt and equity securities, share buy-back, share
cancellation, shares held as treasury shares and resale of treasury shares for the current quarter
under review, saved for the share buy-backs disclosed below which the total considerations were
financed from internally generated funds and the treasury shares were treated in accordance with
the requirement of Section 127 of the Companies Act 2016:
Date of buy back No of shares purchase
(units)
Total
(RM)
24.08.2022 1,000,000 758,491
25.08.2022 1,000,000 768,524
26.08.2022 1,000,000 768,524
29.08.2022 1,000,000 723,376
02.09.2022 1,000,000 798,623
15.09.2022 1,000,000 853,805
19.09.2022 1,000,000 833,739
20.09.2022 1,000,000 838,756
26.09.2022 500,000 409,457
27.09.2022 1,000,000 838,756
28.09.2022 1,000,000 828,723
29.09.2022 1,000,000 853,805
The total shares purchased during the financial quarter ended 30 September 2022 amounted to
11,500,000 (30 September 2021: 17,216,700) MYEG shares.
As at 30 September 2022, a total of 34,595,400 (30 September 2021: 182,003,000) MYEG shares
were retained as treasury shares in the Company. None of the treasury shares held were resold or
cancelled during the financial period ended 30 September 2022.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:05 | Report Abuse

Dividends Paid

The Directors proposed a final dividend of 1.03 sen per ordinary share (2020 – 1.7 sen) for the
financial year ended 31 December 2021 of which the shareholders had
approved at the 21th Annual General Meeting (“AGM”) held on 23 June 2022.
The final dividend, which amounted to RM76,070,854 based on the current share capital of
7,408,616,642 ordinary shares (excluding 34,595,400 treasury shares), was paid on 21
September 2022. Under the Dividend Reinvestment Scheme, a total of 68,954,436 new ordinary
shares were issued at the price of RM0.715 per MYEG share which amounted to RM49,302,415.
On 29 August 2022, the Directors have declared a first interim single tier dividend of 0.25 sen per
ordinary share (2021 – 0.25 sen) for the current financial year ending 31 December 2022, which
was paid on 25 November 2022 to shareholders registered at the closed business on 27 October
2022.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:08 | Report Abuse

Syer agmo akan diberikan kpd semua pemegang syer myeg.. syabas

For the Quarter under review, the Group recorded a Revenue of RM162.62 million, a marginal
increase of RM0.83 million (0.51%) as compared to Q2 FY2022 Revenue of RM161.79 million.
However, the Group’s PAT of RM152.03 million achieved in Q3 FY2022 which represent an
increase of RM63.67 million (72.06%) as compared to Q2 FY2022 PAT of RM88.36 million was
primarily due to a one-off recognition of fair value gain in investment resulting from the listing of
our investment in Agmo Holdings Berhad on 18 August 2022.

Good123

25,111 posts

Posted by Good123 > 2023-02-09 19:41 | Report Abuse

Esok, terbang semula. Semua rush in semula ... Fingers crossed:)


KUALA LUMPUR (Feb 9): E-government services provider MyEG Services Bhd’s Philippine unit recorded a three-fold increase in the value of annual transactions handled to a new high of some PHP5 billion (RM392.76 million) in 2022, strengthening its position as the region’s leader in the sector, the company said in a statement on Thursday (Feb 9).

Underpinned by strong user reception towards its offerings, the group said that MyEG Philippines has seen a solid increase in annual transaction counts, registering a 40% increase in volumes in 2022 from 2021, and more than double 2020 levels. That brought the total value of transactions processed in 2022 to about PHP5 billion, more than three times higher than the previous year’s total.

It added that MyEG Philippines has recently secured the agreement to deliver services for the National Bureau of Investigation for another three years.

Leveraging on its track record as Malaysia’s flagship e-government services and solutions provider, MyEG had embarked on its overseas expansion in 2017, starting with the formation of its Philippine joint venture, MyEG Philippines Inc.

Within a span of five years, it said it established itself as the market leader in the Philippines, allowing the public to transact with government agencies that include the National Bureau of Investigation, Bureau of Internal Revenue, Landbank of the Philippines (for payments to more than 800 government agencies), Development Bank of the Philippines, Philippines Health Insurance Corporation, Philippines Economic Zone Authority, Tourism Infrastructure and Enterprise Zone Authority Subic Bay Metropolitan, and Authorities Department of Health-Metro Manila Centre for Health Development.

As government digitalisation gathers pace at a global level, MyEG said it is optimistic and ready to continue playing its role as a key enabler of innovation, not only in the Philippines and its home market of Malaysia, but also the rest of the region.

“We are particularly excited about the potential for Web3 to transform the technology landscape in the region and look forward to pioneering its adoption through the variety of decentralised applications which we will be progressively rolling out to the market soon," said MyEG group managing director TS Wong.

Shares in MyEG continued to trade actively with 166.55 million shares exchanging hands, making it the second-most actively traded counter on the local bourse on Thursday.

The stock closed unchanged at 71.5 sen, giving it a market capitalisation of RM5.35 billion.

To recap, MyEG shares succumbed to heavy selldown on Tuesday (Feb 7), as it plunged 26.7% or 25.5 sen at 70 sen — the lowest since November 2020 — following news reports that all immigration services and processes will revert to the Immigration Department by 2025, including those being managed by third parties such as MyEG.

MyEG clarified on the same day that it has not held any meeting with Putrajaya on converging all immigration transactions under the government’s National Integrated Immigration System (NIISe).

“The board of directors of the company wishes to clarify that the company has not held any meeting with either the Ministry of Home Affairs or the Immigration Department of Malaysia on the intention to converge all immigration transactions under the NIISe,” the group said in a Bursa Malaysia filing on Tuesday.

Read also:
MyEG closes at 26-month low on news all immigration services to revert to govt by 2025
MyEG: No meeting held with Putrajaya on reverting immigration services to govt
MyEG buys back two million shares as prices fall to over two-year low
CGS-CIMB sees 17% upside for MyEG even without immigration services revenue

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