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 7 hours ago

Rio2814

1,942 posts

Posted by Rio2814 > 2023-02-22 14:59 | Report Abuse

Khazanah beli???

U1818

675 posts

Posted by U1818 > 2023-02-22 15:03 | Report Abuse

AGMO sudah start enjin... 0.720 (+3.6%) ;D

BobAxelrod33

2,261 posts

Posted by BobAxelrod33 > 2023-02-22 15:03 | Report Abuse

Dun understand why people need to lie and post fake News of which Institutions buying......may God have mercy on their future and more importantly their tongues not dropping off.

manka

742 posts

Posted by manka > 2023-02-22 15:11 | Report Abuse

60sen...60sen...60...sen

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:17 | Report Abuse

~70mil shares traded. Surging volume

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:18 | Report Abuse

Tsunami harga kian dekat

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:18 | Report Abuse

65sen surging higher

Good123

25,231 posts

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

65sen going to be cleared.

Good123

25,231 posts

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

On the way up probably

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:26 | Report Abuse

Syer disapu berterusan

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:27 | Report Abuse

Terus terbang

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:27 | Report Abuse

Volume hit more than 70 mil shares dah... Surging higher

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:28 | Report Abuse

Institutional investors sapuing like tiada hari esok

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:29 | Report Abuse

Syer 65sen habis anytime

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:29 | Report Abuse

Sungguh ganas belian berterusan

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:30 | Report Abuse

Dah mau balik 70sen & ke atas

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:32 | Report Abuse

Womg md dah dapat pertolongan dah.... More to come... Buying rate is rising

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:33 | Report Abuse

Mau release q4 results surging 10 to 20sen macam aax

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:33 | Report Abuse

Semua tambah peluru waiting time for q4 results pasti luar biasa

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:34 | Report Abuse

Ramai atas pagar pun dah ride on the wave dah... Jom sertainya

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:35 | Report Abuse

Insiders sapu syer nonstop memang benar sesuatu akan berlaku grab cepat2

Rio2814

1,942 posts

Posted by Rio2814 > 2023-02-22 15:35 | Report Abuse

What is the price?

limitup4u

387 posts

Posted by limitup4u > 2023-02-22 15:39 | Report Abuse

70 cents? cant even break 65 cents

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:44 | Report Abuse

Maybank uob midf bimb dll semua ada bikin unit trust funds... Pasti beli myeg

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:45 | Report Abuse

~80 mil shares dah

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:45 | Report Abuse

Volume bertumbuh berterusan

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:50 | Report Abuse

Banks and clients are happy when mywg flying hiher n higher

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:50 | Report Abuse

Banks and clients are happy when myeg flying higher n higher

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:51 | Report Abuse

Earlier retailers cut loss , time for institutional investors and unit trust houses to come in

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:52 | Report Abuse

Unit trusts sapu myeg and put under high growth tech sector

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:53 | Report Abuse

Reload for q4 results release... Terbang non-stop

Good123

25,231 posts

Posted by Good123 > 2023-02-22 15:53 | Report Abuse

Time is money reload sampai puas

Rio2814

1,942 posts

Posted by Rio2814 > 2023-02-22 15:54 | Report Abuse

Terbang harga? Or volume?

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:01 | Report Abuse

Clearing 65sen kejap lagi ~82mil shares dah disapu

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:02 | Report Abuse

Agmo rose to 72sen dah

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:04 | Report Abuse

2nd batch agmo syer percuma dalam tempohmasa 6bulan... Monotorium period selepas ipo

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:04 | Report Abuse

6 month later agmo shares dah rm1+ juga kot

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:06 | Report Abuse

Panggilan terakhir sebelum berlepas ke sorga :)

Good123

25,231 posts

Posted by Good123 > 2023-02-22 16:10 | Report Abuse

Cerdiknya bank islam punya investment analyst. Syabas

My E.G. Services Berhad - Hit by Speculation; Fundamentals Remain Intact
Date:
2023-02-08
Firm:
BIMB
Stock:
MYEG
Price Target:
1.20
Price Call:
BUY
Last Price:
0.65
Upside/Downside:
+0.55 (84.62%)
My E.G Services Berhad (MYEG) management clarified that there has never been a discussion or meeting being held with either the Ministry of Home Affairs (MoHA) or Immigration Department of Malaysia regarding the intention to converge all immigration transactions under the National Integrated Immigration System (NIISe) as reported in the media yesterday.
In the event of MYEG’s immigration services being replaced by NIISe by 2025, we foresee only its foreign worker renewal permit services that would be affected where this is equivalent to only 5-7% of MYEG’s total revenue.
Reiterate our BUY call on MYEG at a TP of RM1.20, pegged at 22x to 2023F EPS of 5.5 sen. The sharp decline in MYEG’s share price offers an opportunity for investors to accumulate the stock given its attractive total return of >70%
No Discussion to Converge all Immigration Services under the NIISe

MYEG’s share price has taken a significant beating yesterday following news article that appeared on Free Malaysia Today (FMT) and New Straits Times (NST) which stated that all MYEG immigration processing services would be replaced by the National Integrated Immigration System (NIISe) by 2025. MYEG management however clarified that has never been a discussion or meeting being held with either the Ministry of Home Affairs (MoHA) or Immigration Department of Malaysia regarding the intention to converge all immigration transactions under the NIISe.

Minimal Impact on MYEG’s Earnings If It is the Case

Notwithstanding that, in the event of MYEG’s immigration services being replaced by NIISe by 2025, we foresee only its foreign worker renewal permit services that would be affected, where this is equivalent to only 5-7% of MYEG’s total revenue. While its concession services might be affected, we believe its ancillary services offered under Immigrationrelated services i.e., foreign worker insurance (RM100/worker), accommodation (RM100/bed/month), job matching and placement (approximately RM2,000/successful job matching) would remain solid given MYEG’s ‘first mover advantage’. Note that, MYEG is no longer heavily dependent on the government’s concession services for its ancillary services and commercial business. In any case, MYEG’s concession segment contributes only 13-15% of MYEG’s total revenue

Reiterate BUY at a TP of RM1.20

Reiterate a BUY call on MYEG at unchanged TP of RM1.20, pegged at 22x to 2023F EPS of 5.5 sen. The sharp decline in MYEG’s share price offers an opportunity for investors to reaccumulate on the stock. MYEG is a BUY with total return >70%.

Source: BIMB Securities Research - 8 Feb 2023


matg

997 posts

Posted by matg > 2023-02-22 16:29 | Report Abuse

ok sauk kaw2

i3lurker

13,737 posts

Posted by i3lurker > 2023-02-22 16:31 | Report Abuse

this Good123 very bad, keep on selling myeg

limitup4u

387 posts

Posted by limitup4u > 2023-02-22 16:36 | Report Abuse

Bringing in bilis, back to back red already. Definitely cannot go green or breakeven for today

Posted by shortinvestor77 > 2023-02-22 16:51 | Report Abuse

LauSai.

Witty

460 posts

Posted by Witty > 2023-02-22 17:04 | Report Abuse

Stock overrun by shortie and forum flood by Mr good.

Henryjohny

864 posts

Posted by Henryjohny > 2023-02-22 21:27 | Report Abuse

selling presire still scary .. if support broken,it will go very low ..

Henryjohny

864 posts

Posted by Henryjohny > 2023-02-22 21:28 | Report Abuse

cannot hope for china ..china also in economic crisis ..many companies in trouble ..

Good123

25,231 posts

Posted by Good123 > 2023-02-23 00:12 | Report Abuse

You all should trust maybank , UOB, bank Islam, etc, they have the best investment analysts in town. They suggested BUY, just buy and wait.

Just ignore those naive devil advocates here.

Selamat malam!

i3lurker

13,737 posts

Posted by i3lurker > 2023-02-23 00:56 | Report Abuse

so u bot Top Glove based on IB anal_iz?
pari passu share buy back also

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