MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.885

Today's Change

-0.005 (0.56%)

Day's Change

0.87 - 0.90

Trading Volume

33,030,000


67 people like this.

66,652 comment(s). Last comment by hng33 9 hours ago

Kevin Tam

528 posts

Posted by Kevin Tam > 2023-02-20 14:25 | Report Abuse

How to calculate buy rate, guys??

Good123

25,231 posts

Posted by Good123 > 2023-02-20 14:25 | Report Abuse

Shortsellers rm1juta+ macam takda rasa, harga dan kadar belian kian tinggi

Good123

25,231 posts

Posted by Good123 > 2023-02-20 14:31 | Report Abuse

Tren rebound nya macam cypark dulu, dari 20sen ++ back to rm1++

Good123

25,231 posts

Posted by Good123 > 2023-02-20 14:41 | Report Abuse

mantap Last Price

0.685

Today's Change

+0.025 (3.79%)

Good123

25,231 posts

Posted by Good123 > 2023-02-20 15:06 | Report Abuse

61mil shares + traded.. shortsellers 1.6mil shares + shorted lawak :)

Good123

25,231 posts

Posted by Good123 > 2023-02-20 15:08 | Report Abuse

Shortsellers better pergi kaunter lain untuk short

Good123

25,231 posts

Posted by Good123 > 2023-02-20 15:24 | Report Abuse

Malaysia will begin building its own national public blockchain, according to a press release by MYEG's Zetrix Blockchain.

Malaysia's Zetrix Blockchain, Cheaper Alternative to Ethereum

Good123

25,231 posts

Posted by Good123 > 2023-02-20 15:54 | Report Abuse

rising stock... myeg...buy more and simpan... blockchain is the future


although overall tmarket is in the red hahaha

Good123

25,231 posts

Posted by Good123 > 2023-02-20 15:56 | Report Abuse

hebat myeg... hijau tua... masih in the money

Posted by Go lucky Happy > 2023-02-20 15:56 | Report Abuse

If wanna go above 0.70, must wait a few days later.

Michael R.

4,787 posts

Posted by Michael R. > 2023-02-20 15:58 | Report Abuse

Expect Great QR in a WEEK!!!!

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:00 | Report Abuse

blockchain stok makin lama makin bernilai... grab sebelum terlambat

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:00 | Report Abuse

bank2 utama dah target RM1++ on the way dah

Michael R.

4,787 posts

Posted by Michael R. > 2023-02-20 16:01 | Report Abuse

LU anytime... financial result data is real data indicating MYEG existing strength..

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:02 | Report Abuse

hari ni jika tak cecah 70sen+++, esok pun boleh berlaku... setiap hari berpuluh2 juta syer myeg disapu kini

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:02 | Report Abuse

jumlah syer myeg tak cukup untuk memenuhi permintaan semua pelabur... pasti terus naik

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:03 | Report Abuse

shortsellers dah kecut tak nak short , permintaan kian naik, harga turut naik... apa boleh buat

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:04 | Report Abuse

nothing can stop advancement of myeg

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:05 | Report Abuse

bila ewallet zetrix dah jadi lumrah, harga myeg patut rm2-3 kelak hahaha

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:06 | Report Abuse

Overall market distress... Myeg terus berwarna hijau .. terbukti diminati

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:07 | Report Abuse

Terus accumulate pasti dapat hasil kelak

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:15 | Report Abuse

Ramai Billionaire Mahukan Crypto, Masa depan Crypto Cerah ...
Ramai Billionaire Mahukan Crypto, Masa depan Crypto Cerah terutama NFT - TA Ringkas Di Pagi 1. Billionaire seperti

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:18 | Report Abuse

83juta syer dah... Mana cukup syer untuk semua :)

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:19 | Report Abuse

Ramai dah pandai HODL myeg punya syer dah :)

Posted by Go lucky Happy > 2023-02-20 16:20 | Report Abuse

Today lots of selldown done by fdi.

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:20 | Report Abuse

Tutup 68sen esok another 2sen dah 70sej

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:27 | Report Abuse

luar biasa... volum tinggi... tetap hijau walaupun overall market in a sea of blood... hurray myeg

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:29 | Report Abuse

kemenangan sudah pasti... tak payah tengok... tutup mata... tunggu ia naik balik rm1+__

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:31 | Report Abuse

Stok indeks china naik gila hari ni

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:32 | Report Abuse

Usd 4.4+++ , krypto coin juga usd... Baguslah

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:33 | Report Abuse

Tak payah beli banyak stok, fokus kpd myeg dah lumayan

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:37 | Report Abuse

In a volatile market like this, a safer bet, invest in myeg

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:38 | Report Abuse

Myeg is a rising with buy call taget price rm1+++ by Maybank, uob , bank Islam, etc. Dah cukup jumlah haha

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:39 | Report Abuse

Tak nak take excessive risk beli stok lain

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:40 | Report Abuse

Bank2 pun sokong. Margin financing takda masalah... permintaan kian bertumbuh

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:42 | Report Abuse

Zetrix coin anytime dah

****MYEG's Zetrix blockchain to launch mainnet

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:43 | Report Abuse

Aku tunggu coin percuma kpd myeg shareholders

MyEG Blockchain Zetrix Ready To Launch Its Own Mainnet, Giving Free NFTs Away

Good123

25,231 posts

Posted by Good123 > 2023-02-20 16:55 | Report Abuse

Up 2%++ today not bad... Pasaran saham in the red today syabas pemegang syer myeg... Shortsellers rugi :)

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:09 | Report Abuse

Currently, MyEG is present in three countries — Indonesia, the Philippines and Bangladesh — which contribute 5% to 10% of its annual revenue.

While many see MyEG as being dependent on government concessions, currently, only 20% of its revenue is derived from the government and some 80% is from non-government-related products and services.

Wong assures that the diversification efforts that MyEG has put in place over the years will help to buffer the impact of any changes in government-related contracts.

“Since commencing operations in 2000, MYEG has grown and evolved significantly into the country’s premier home-grown digital services company with a diversified portfolio of product and service offerings across a variety of business segments.

“In this regard, revenue derived from commercial services today is four to five times larger than that derived from concession services. As such, any shifts in any government agency’s requirements are not expected to have any substantial adverse impact on the group,” he says.

Posted by nightmare007 > 2023-02-20 17:13 | Report Abuse


Amboii tunggu coin free pula..yelah tunggu coin untuk menebus rugi di stock2 mcm pasukgb kot? kekekekkekekekee

@Good123

Aku tunggu coin percuma kpd myeg shareholders

MyEG Blockchain Zetrix Ready To Launch Its Own Mainnet, Giving Free NFTs Away

oskchoon

3,186 posts

Posted by oskchoon > 2023-02-20 17:46 | Report Abuse

Today Shorties dare not pushing down Myeg prices due to aggresive share buy back policy from Myeg boss.. .

oskchoon

3,186 posts

Posted by oskchoon > 2023-02-20 17:48 | Report Abuse

Last few round of share buy back were around at least 2 millions share each time.. .

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:50 | Report Abuse

My EG Services (MYEG MK)
Overly Bearish Misgivings On Its Relevance In E-Government Services
We expect coming events to dissipate the excessively bearish sentiment on the
prospects of MYEG's e-government's concessions, in reaction to last week’s unrelated
media statements by the Immigration DG and the transport minister. Over time,
investors will also re-focus on various re-rating catalysts for MYEG which now trades
around its historical trough valuation. $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Maintain BUY.

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:51 | Report Abuse

Major Shareholders %
Asian Internet Holdings 17.55
Wong Thean Soon 12.13
Kumpulan Wang Persaraan Diperbadankan 7.29

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:52 | Report Abuse

KEY FINANCIALS
Year to 31 Dec (RMm) 2020 2021 2022F 2023F 2024F
Net turnover 532 724 654 737 821
EBITDA 312 374 438 474 537
Operating profit 280 326 356 373 417
Net profit (rep./act.) 272 315 417 436 480
Net profit (adj.) 272 315 347 366 410
EPS (sen) 7.5 4.2 4.7 4.9 5.5
PE (x) 8.1 14.4 13.0 12.3 11.0
P/B (x) 1.9 2.9 2.4 2.1 1.8
EV/EBITDA (x) 13.3 11.1 9.5 8.8 7.8
Dividend yield (%) 3.7 2.1 2.3 2.4 2.7
Net margin (%) 51.1 43.4 53.1 49.7 49.9
Net debt/(cash) to equity (%) (5.1) 4.6 (18.2) (16.8) (18.2)
Interest cover (x) 38.7 55.6 69.3 164.0 253.5
ROE (%) 29.2 23.3 20.4 18.1 17.3
Consensus net profit (RM m) - - 368 386 417
UOBKH/Consensus (x) - - 0.94 0.95 0.98
Source: My EG Services, Bloomberg, UOB Kay Hian

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:52 | Report Abuse

Deja-vu trough valuation. MYEG shares now trades at 12.3x 2023F PE (GE14 trough: 11-
12x) after plunging 38% on investors’ concern of MYEG eventually losing out its entire
government-related concessions. While the present day’s concern is reinforced by JPJ’s
digitisation efforts (whereas it was business as usual for MYEG after GE14), we expect
events in the coming weeks to significantly dissipate concerns of its e-government
concession’s relevance and earnings base.

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:56 | Report Abuse

PBT BY SEGMENT
FY22F FY23F FY24F
Core PBT Breakdown 350.00 369.83 415.07
Foreign Worker 148.06 178.49 159.15
Accommodation 2.07 2.77 2.83
Road Transport 144.07 118.86 142.63
Others 14.63 14.78 14.93
COVID-19 related services 3.48 0.98 0.00
Zetrix 37.69 53.95 95.53
Source: UOB Kay Hian
*Does not include potential monetisation from various start-ups

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:58 | Report Abuse

USER FEEDBACK ON MYJPJ APP
Huge Security Risk/ Data
Leakage
- Only criteria that needs to register an account is
IC number
- An unsecured API could leak data stored on its
server
Application unable to
access
- Too much traffic volume making the apps show
connection error when accessed.
Many users prefer
physical road tax citing
concerns with police road
blocks
- App could be down during roadblocks, creating
unnecessary validation delays
- Validity of e-road tax when driving into
Singapore or Thailand
- Home prinouts may not be accepted or require
lengthy verification time by relevant authorities.
Source: Reddit, SoyaCi:ncau, NST Online
ZETRIX’S PRODUCT ROADMAP
2Q22 - Launch of ZTX mainnet
- Build and test the proof of concept iteratively with NFT
marketplace and Covinsure dapps.
- Developer SDK published
- Develop operating models and governance
3Q22 - Achieve interoperability with other chains, i.e. Xinghuo, Ethereum,
Polygon.
- Launch of crosschain BID/VC with Xinghuo
- Launch of ZTX token sale
- Marketing of BID registration in all markets ex China
4Q22 - Launch of crosschain NFT transfers with Xinghuo
- Launch of Web 3 Domain Name Registry
- Launch of Self Sovereign Identity usecase for both product and
individual
1Q23 - Pilot of Cross border deep tier supply chain financing and
traceability
Source: MYEG, media reports, UOB Kay Hian

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:59 | Report Abuse

Near-term event catalysts include launching of
Zetrix’s cross-border project with China’s custom, potentially deepening its role in
immigration services, and listings of mature start-up investments. MYEG currently trades at
about 12x 2023F PE, around historical and fundamental trough valuation of 11-12x forward
PE post-GE14.

Good123

25,231 posts

Posted by Good123 > 2023-02-20 17:59 | Report Abuse

ENVIRONMENTAL, SOCIAL, GOVERNANCE (ESG)
• Environmental
- MYEG’s carbon footprint is limited to energy consumed in an office environment and
does not impact biodiversity or climate change in any significant way.
• Social
- Spent over RM273.7m in community investment activities as of 2021.
• Governance
- Applied Malaysian Code on Corporate Governance (MCCG).

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