Posted by Michael R. > 2023-02-10 16:56 | Report Abuse

Still short...

Pity..

The void in the bussiness im not sure gov can be efficient to handle it..

See long term.. might need another system which cost us billions...

Posted by nicholas99 > 2023-02-10 16:57 | Report Abuse

GELI

Posted by 1pingpong > 2023-02-10 16:59 | Report Abuse

scoooop scoooop

Posted by Bruce_Wayne > 2023-02-10 16:59 | Report Abuse

Repost PSAi3Alert's comments

---

Stock: [MYEG]: MY E.G. SERVICES BHD

2022-08-29 22:05

What the FUCuK are the explanatory notes trying to say?!

--> Aren't E-service by definition available online and available worldwide?
--> what's foreign worker job matching service? Match Mabel with Banglas? Where's the portal?
--> what and how is the Zetrix token contributing to sales?

--> If PAT is consistently above RM80M per quarter, why increase private placements and borrowings?!

----

[For the Quarter under review, the Group recorded a Revenue of RM161.79 million, a marginal decrease of RM0.02 million (0.01%) as compared to Q1 FY2022 Revenue of RM161.77 million.

The lower Revenue in Q2 FY2022 was mainly was due to lower demand for the quarantine services which was offset by the following Revenue contribution resulting in the increase in PAT of of 3.72% amounting to RM3.17 million:
(i) an increase in Revenue from the existing concession services as a result of the resumption of full operations of our E-Service Centers located nationwide;
(ii) contribution from the foreign worker job matching service; and
(iii) contribution from the sale of Zetrix token.]

.

Posted by Bruce_Wayne > 2023-02-10 17:00 | Report Abuse

Repost PSAi3Alert's comments

---

Stock: [MYEG]: MY E.G. SERVICES BHD

2022-08-29 23:15

i3lurker,

It's funny (actually not) that they stated foreign worker job matching service and Zetrix token as areas of growth; but RM216M of private placement are used in unrelated areas.

The RM89.0M for healthcare (aka covid screening) services can be written off by now.

The RM67M used to purchase fixed assets for e-government services is 'confuse-speak' for buying the Brooklyn bridge the 10th time.


"As at 30 June 2022, the status of utilization of proceeds raised from the first tranche of the
Private Placement I amounting to RM216.0 million are as follow: "

Development of foreign workers hostels
Proposed Utilisation (RM Millions): 94.5
Actual Proceeds Raised (RM Millions): 50
Actual Utilisation (RM Millions): 21.9
Balance (RM Millions): 28.1

Development of healthcare related services
Proposed Utilisation (RM Millions): 168.0
Actual Proceeds Raised (RM Millions): 89.0
Actual Utilisation (RM Millions): 89.0

Purchase of fixed assets for egovt services
Proposed Utilisation (RM Millions): 126
Actual Proceeds Raised (RM Millions): 67
Actual Utilisation (RM Millions): 67

Working capital
Proposed Utilisation (RM Millions): 9.1
Actual Proceeds Raised (RM Millions): 5.5
Actual Utilisation (RM Millions): 5.5

Expenses for placement
Proposed Utilisation (RM Millions): 9.4
Actual Proceeds Raised (RM Millions): 4.5
Actual Utilisation (RM Millions): 4.5

.

Posted by nicholas99 > 2023-02-10 17:02 | Report Abuse

Geli. USED RM67mil to purchase assets for government services. gone to sea.

Purchase of fixed assets for egovt services
Actual Proceeds Raised (RM Millions): 67

Posted by $$ BUYSELL $$ > 2023-02-10 17:06 | Report Abuse

pray will not open low...

Posted by Good123 > 2023-02-10 17:06 | Report Abuse

Analyst Consensus
Consensus Target PriceRM1.02
DifferenceRM0.41
Potential Gain/Loss (%)67.76%
Consensus Date10 Feb 2023
Outperform

www.bursamarketplace.com/mkt/themarket/stock/MYEG

Posted by Income > 2023-02-10 17:07 | Report Abuse

Repost PSAi3Alert's comments

---

Stock: [MYEG]: MY E.G. SERVICES BHD

2022-08-29 22:05

What the FUCuK are the explanatory notes trying to say?!

--> Aren't E-service by definition available online and available worldwide?
--> what's foreign worker job matching service? Match Mabel with Banglas? Where's the portal?
--> what and how is the Zetrix token contributing to sales?

--> If PAT is consistently above RM80M per quarter, why increase private placements and borrowings?!

----

[For the Quarter under review, the Group recorded a Revenue of RM161.79 million, a marginal decrease of RM0.02 million (0.01%) as compared to Q1 FY2022 Revenue of RM161.77 million.

The lower Revenue in Q2 FY2022 was mainly was due to lower demand for the quarantine services which was offset by the following Revenue contribution resulting in the increase in PAT of of 3.72% amounting to RM3.17 million:
(i) an increase in Revenue from the existing concession services as a result of the resumption of full operations of our E-Service Centers located nationwide;
(ii) contribution from the foreign worker job matching service; and
(iii) contribution from the sale of Zetrix token.]

Posted by Good123 > 2023-02-10 17:08 | Report Abuse

TOP 10 Investors (As of Latest Filing)
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE FILING SOURCE
Asia Internet Holdings Sdn. Bhd. 17.17 1,283.97 0.00 213.65 07-Feb-2023 Other Substantial/Declarable
Wong (Thean Soon) 12.33 922.11 5.00 153.43 07-Feb-2023 Malaysia Insider
Kumpulan Wang Persaraan (Diperbadankan) 7.13 533.13 8.76 115.62 26-Jan-2023 Other Substantial/Declarable
Employees Provident Fund Board 6.85 511.90 6.33 107.59 13-Jan-2023 Other Substantial/Declarable
IVT 3.51 262.10 175.27 63.61 31-Mar-2022 Other Substantial/Declarable
CIMB Bank Berhad 2.93 219.44 90.01 53.25 31-Mar-2022 Other Substantial/Declarable
Principal Asset Management Berhad 1.73 129.41 -25.79 31.41 31-Mar-2022 Other Substantial/Declarable
The Vanguard Group, Inc. 1.65 123.40 3.45 29.95 31-Mar-2022 Other Substantial/Declarable
BlackRock Institutional Trust Company, N.A. 1.30 96.98 3.16 20.70 31-Jan-2023 Aggregate MFs
Eastspring Investments Berhad 1.26 94.04 6.36 22.82 31-Mar-2022 Other Substantial/Declarable

Posted by Good123 > 2023-02-10 17:09 | Report Abuse

Ownership Type (As of Latest Filing)
TYPE INVESTORS % O/S POSITION (M Shares) VALUE(M USD)
Corporation 3 23.61 1.00 330.51
Individual Investor 3 13.11 980.89 164.04
Mutual Fund 288 12.25 919.41 192.68
Pension Fund 7 7.98 596.67 128.35
Investment Advisor 66 7.59 566.57 127.00
Holding Company 1 6.85 511.90 107.59
Investment Advisor/Hedge Fund 28 4.6 344.23 75.18
Sovereign Wealth Fund 2 2.06 154.00 33.86
Pension Fund Portfolio 2 0.62 46.73 9.17
Hedge Fund 1 0.1 7.27 1.33
Hedge Fund Portfolio 2 0.1 7.27 1.33
OWNERSHIP TYPE %
Corporation
Individual Investor
Mutual Fund
Pension Fund
Investment Advisor
Holding Company
Investment Advisor/Hedge Fund
Sovereign Wealth Fund
Pension Fund Portfolio
Hedge Fund Portfolio
Hedge Fund
Highcharts.com
LATEST INSIDER / INDIVIDUAL HOLDERS
INVESTOR NAME % O/S POSITION (M Shares) POSITION CHG (M) VALUE(M USD) FILING DATE
Wong (Thean Soon) 12.33 922.11 5.00 153.43 19-Dec-2022
Norraesah binti Haji Mohamad 0.69 51.87 -1.71 9.36 31-Mar-2022
Jimmy Wong Bin Abdullah 0.09 6.92 0.10 1.25 31-Mar-2022

Posted by BarrettTeo > 2023-02-10 17:09 | Report Abuse

Further gone down today...Doesn't look good

Posted by Income > 2023-02-10 17:09 | Report Abuse

Posted by President > 23 seconds ago | Report Abuse

here got some ppl can friendly talk, can joke.. but also found someone like to control other ppl style and behaviour .for those fellow we ust ignore and skip them LOL.so we only talk to the friendly ppl... nicholas99 a nice guy or pretty lady>>LOL

I friendly talk. But why you don’t answering my question Why you keep deleting???

Posted by nightmare007 > 2023-02-10 17:11 | Report Abuse

@Good123 record analysis

MLAB - Gagal
Pasukgb - Gagal
Myeg - The more he prome the lower the price?

Terindah~~~~~

Posted by nicholas99 > 2023-02-10 17:12 | Report Abuse

so close to margin call already. sure continue short.. kasi dia margin call..

Posted by DickyMe > 2023-02-10 17:14 | Report Abuse

Why surprise about the decline?
DickyMe already warned a couple of years ago.

Business model which is analogous to "kampung samseng" collecting toll money from passerby or extorting like gangsters from businesses will never last. It is a parasitic business model.

Posted by Income > 2023-02-10 17:21 | Report Abuse

Posted by President > 5 minutes ago | Report Abuse

why need answer someone is not value to talk??? LOL see the way u treat khatuslistiwa123.. then ppl now u habit... this someone can see mostly ppl NO interest to reply u yea LOL

I sweet talk khatuslistiwa123. He is my soul brother. I miss him very much.

Posted by cheeseburger > 2023-02-10 17:30 | Report Abuse

wow, what a nice dive!

Posted by Good123 > 2023-02-10 17:45 | Report Abuse

bagus.. sediakan payung sebelum hujan :)

Going forward, however, MYEG’s new venture, the Zetrix blockchain platform, has been forecast to be its key earnings driver. The platform, aimed at facilitating transparency and increasing delivery efficiency for supply chain management, among other uses, will also be integral to the Malaysia Blockchain Infrastructure, a government-initiated project to expedite further digitalisation. Notwithstanding the advantages inherent in the blockchain technology, there are concerns on the nascent technology in regard to its efficacy and widespread adaptability. MYEG will expand the platform’s reach in the region through the development of nodes and supernodes, for which it has earmarked a substantial capex requirement of up to RM200 million over the next two years.

MYEG’s additional capex requirement of up to RM300 million for its near-term projects will include construction of hostels for foreign workers across several states in the country. It will build, own and operate the government-certified hostels. Currently MYEG has projects ongoing in Selangor and Johor which will have a capacity of up to 7,000 persons per location. Significantly larger than the two hostels it currently operates, one in Selangor and another in Melaka with 400-person capacity each, the expansion into foreign worker accommodation could pose operational and market risks. The initial drawdown of up to RM500 million under the IMTN programme is projected to be utilised for the blockchain and foreign worker accommodation projects.

Posted by bjgdila123 > 2023-02-10 17:45 | Report Abuse

0.50 by monday

Posted by Good123 > 2023-02-10 17:48 | Report Abuse

Mantap! :)

MARC Ratings issues update on MYEG
10 February 2023
Contacts
Farhan Darham farhan@marc.com.my

Yazmin Abdul Aziz, yazmin@marc.com.my

MARC Ratings is providing this update on MY E.G. Services Berhad (MYEG) following a news report that immigration-related services and processes will be directly undertaken in-house by Jabatan Imigresen Malaysia from 2025 onwards. Furthermore, changes to road tax and driving license requirements under the digitalisation process of Jabatan Pengangkutan Jalan have now been announced. As MYEG is a longstanding concessionaire for e-government services related to immigration and transport, among other businesses, the rating agency has assessed the potential impact on the group from these changes. MYEG currently has a RM1.0 billion Islamic Medium-Term Notes programme which carries a AA-IS/Stable rating from MARC Ratings.

As had been highlighted in MARC Ratings’ credit analysis report on MYEG dated November 16, 2022, the rating agency wishes to emphasise that MYEG’s concession revenue remains modest, standing at about 8% of total group revenue as at end-2021. This is expected to decline going forward and therefore will not materially affect the group if these concession agreements were to cease. The rating agency also highlights that MYEG’s ancillary businesses, particularly those related to immigration services, accounted for about 45% of total group revenue. The ancillary services are not likely to be impacted given MYEG’s long operating track record as a service provider with over 900 kiosks, supported by an established digital infrastructure.

The rating agency understands that MYEG’s three-year concession agreement with Immigration Department which is expiring in May 2023 will be renewed for another three-year period. Nonetheless, MYEG remains exposed to renewal and termination risks as well as regulatory changes. MARC Ratings also notes the group’s diversification strategy including venturing into blockchain technology would further dilute contribution to earnings from concession-related businesses.

Posted by DickyMe > 2023-02-10 17:54 | Report Abuse

Ya, betul! Tiada yang mustahil!
Lingkup pun tidak mustahil.

Posted by Good123 > 2023-02-10 17:56 | Report Abuse

Partnership to Operate Malaysia's National Blockchain Infrastructure Sealed
Malaysia’s national blockchain infrastructure will be for all levels of government and commercial sectors.
By Amitoj Singh
AccessTimeIconOct 7, 2022 at 5:01 p.m.
Updated Oct 7, 2022 at 10:21 p.m.
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.
Secure Your Seat
Malaysia's blockchain Infrastructure will be jointly created and operated by Zetrix, a Malaysia-based layer 1 blockchain structure and MIMOS Technology Solutions Sdn. Bhd. (MTSSB), a tech consultancy, after the two entities signed a memorandum of understanding (MOU), according to a press release on Friday.
Malaysia’s national blockchain infrastructure will be for all levels of government and commercial sectors, the announcement said.
Zetrix launched its Mainnet on April 15 after it was founded and developed by MYEG, an e-government services provider and digital services company.
Malaysian Prime Minister Datuk Seri Ismail Sabri Yaakob attended the event where MYEG and MTSSB signed an MOU alongside the nation's Minister of Science, Technology and Innovation as well as the Minister of Economic Planning.
Malaysia's Ministry for Science, Technology and Innovation didn't immediately respond to requests for comment.
Earlier this year, Zetrix was revealed as the international supernode to Xinghuo BIF, the national blockchain infrastructure of China, to facilitate trade between China and international parties using blockchain technology.
Malaysia has shown promise as a future crypto hub for Asia by remaining free of capital gains tax, having a British common law system and a bilingual workforce.

Posted by Good123 > 2023-02-10 18:03 | Report Abuse

Zetrix by MYEG :)

https://zetrix.com/

Posted by Good123 > 2023-02-10 18:03 | Report Abuse

Zetrix by MYEG :)

www.zetrix.com

Posted by Michael R. > 2023-02-10 18:16 | Report Abuse

Hmmmm.. involve MIMOS.. Is it going to be a reliable partner anyway???

Posted by Income > 2023-02-10 18:19 | Report Abuse

https://youtu.be/-XOVh1Gpb7k

Jangan kena ini.

Posted by Income > 2023-02-10 18:20 | Report Abuse

https://youtu.be/-XOVh1Gpb7k

Deceived by serpent???

Posted by Michael R. > 2023-02-10 18:23 | Report Abuse

Proxy money sure plan to escape.. otherwise they will try hard to sustain the businesss..

Posted by ken2004 > 2023-02-10 18:30 | Report Abuse

Sure drop this monday after I see spamming started lol, the same sign or curse?

Posted by spyking > 2023-02-10 18:30 | Report Abuse

Epf will continue dispose all shares. Get ready at 40 cents

Posted by Opulent > 2023-02-10 18:38 | Report Abuse

Implementing is one easy step but coping is another issue.

Posted by jack2 > 2023-02-10 18:40 | Report Abuse

gradually will slump to 10 cts

Posted by Income > 2023-02-10 18:45 | Report Abuse

https://youtube.com/shorts/dkAof9rQKZg?feature=share

Myeg this week and after that???

Posted by Income > 2023-02-10 18:52 | Report Abuse

https://youtube.com/shorts/6GS-pxY8kps?feature=share

This is how Shorties do shorting. Want to learn shorting? Look

Posted by adikkici > 2023-02-10 19:04 | Report Abuse

Wong acquired and disposed 20.5 million shares
Asia internet acquired also 20.5 million
What the meaning is this? Going up or going down on monday?

Posted by spyking > 2023-02-10 19:08 | Report Abuse

Wong got margin call

Posted by AhKeat2018 > 2023-02-10 19:10 | Report Abuse

Waiting at 0.415 today… and will wait at 0.31 on Monday… want to join me?

Posted by Hotstuff > 2023-02-10 19:14 | Report Abuse

join you brain damage??

Posted by Joker68 > 2023-02-10 19:23 | Report Abuse

Thanks to epf for losing our money. No wonder no long term foreign investor in klse

Posted by bulldog > 2023-02-10 19:26 | Report Abuse

Serbadk in the making


Huat chaiii

Posted by StartOfTheBull > 2023-02-10 19:26 | Report Abuse

Poor retailers, EPF ran before others did.

Posted by i3lurker > 2023-02-10 19:27 | Report Abuse

need L@@NGKangKat here to force retailers to buy myeg

Posted by nicholas99 > 2023-02-10 19:32 | Report Abuse

Ya. I ask epf run 1. If not my dividend get 4%. I cry le.

Posted by Joker68 > 2023-02-10 19:36 | Report Abuse

Epf dividend 2023 = 1.5%. Sebab kerugian teruk atas kebodohan pelaburan dalam saham msia

Posted by Bullbursa > 2023-02-10 19:57 | Report Abuse

Philippine business doing very well, 3x growth…and has population of 110m. Myeg not only doing business in Malaysia. They also provide e-gov service to Bangladesh Indonesia

Posted by Bullbursa > 2023-02-10 20:00 | Report Abuse

Look at wider perspective, myeg system is well recognized by other countries. Whoever have used myeg system before, you should know their system hardly has any issues

Posted by i3lurker > 2023-02-10 20:04 | Report Abuse

all modern databases have no issues if loaded on servers with enough bandwidth.
stable systems are not a competitive advantage but the base minimum just like having a dick.

Posted by Joker68 > 2023-02-10 20:17 | Report Abuse

Then i guess all those glitchy govt system must be missing a dick. Lol.

Posted by Bullbursa > 2023-02-10 20:23 | Report Abuse

Stable doesn’t mean robust. Myjpj app still down ‘connection error!’