Posted by BursaKakis > 2023-08-25 08:10 | Report Abuse

Blockchain upside could be sizeable

We are seeing decent traction in MyEG’s blockchain development as it enters the
rollout stage for government-related services. In Apr 2023, the group formed a
partnership with GACC to provide a cross-border customs trade solution using
MyEG’s blockchain technology that could enhance the transparency and
efficiency of the customs process. The group is undergoing the pilot run on the
platform, and is on track to go for full commercialisation by 4Q23, according to
management.

The monetisation of the blockchain-based customs platform will come mainly
through the issuance of Certificate of Origin (CO), which is a compulsory
authentication process for all inbound custom trades from Malaysia into China.
MyEG expects to collect a fixed fee for each CO issued, therefore the revenue
upside hinges upon the total volume of inbound trade from Malaysia into China.
Based on the ZTrade website, which is the official portal for the Malaysia-China
cross-border blockchain platform powered by MyEG’s Zetrix, the group is charging
up to Rmb200 per CO submission.

Management expects the Malaysia-China customs process to officially shift to the
new platform this year. Therefore, the group could see an uptick in its revenue
and margins by 4Q23F, the latter due to higher sales mix from the high-margin
blockchain business. Beyond Malaysia, MyEG is also aiming to implement a
similar solution for other SEA countries as part of strengthening the economic
partnership across the Regional Comprehensive Economic Partnership (RCEP)
members. It has already signed agreements with the Philippines Bureau of Customs (BOC) and Cargo Data Exchange Center Inc (CDEC) for a collaboration
to roll out blockchain-based customs clearance and processing services for trade
flows between the Philippines and China. Figure 6 shows the China imports from
several ASEAN countries, which reflects the relative upside revenue opportunity
across ASEAN countries on the blockchain solution. As per management’s
guidance, Malaysia-China currently offers the highest revenue upside as Malaysia
has the highest import value vis-à-vis other countries.

CgsCimb 25/8/2023

Posted by OnTime > 2023-08-25 08:50 | Report Abuse

something to keep an eye on. very promising development indeed for myeg.

Posted by SWT1988 > 2023-08-25 09:03 | Report Abuse

kasi pecah 0.80

Posted by CyrusQ > 2023-08-25 09:18 | Report Abuse

Well probably anytime by now will pump 1.50 , who knows @ Grab some 5142 while last stock

Posted by hng33 > 2023-08-25 10:00 | Report Abuse

bought myeg at 81sen

Posted by hng33 > 2023-08-25 11:04 | Report Abuse

added more at 80sen

Posted by 1pingpong > 2023-08-25 11:23 | Report Abuse

patience - waiting for sell down to stop - then FULL POWER attack.

Posted by Cryptolover > 2023-08-25 11:26 | Report Abuse

yup, sell more for us to collect more.. good company not afraid of holding more shares

Posted by SWT1988 > 2023-08-25 14:48 | Report Abuse

let c how low it will go down this time

Posted by OnTime > 2023-08-25 14:49 | Report Abuse

yes, the lower the better

Posted by nasrulfahmi > 2023-08-25 14:53 | Report Abuse

reds!!!

Posted by Income > 2023-08-25 15:47 | Report Abuse

Invisible hands, how to kill the invisible hands?

Posted by SWT1988 > 2023-08-25 16:51 | Report Abuse

Good company. Good profit. Good news but price no surged. Killed by poor UMNO performance / politic unstable?

Posted by OnTime > 2023-08-25 19:28 | Report Abuse

something is cooking and boss wong knows it

Posted by charlie chia > 2023-08-25 19:28 | Report Abuse

Boss Wong still buying in today

Posted by icecool > 2023-08-25 21:16 | Report Abuse

monday goreng sampai hangit !!!

Posted by hng33 > 2023-08-28 09:39 | Report Abuse

Boss known well MYEG will monetize Zetrix via an ICO (Initial Coin Offering) next month, big windfall is expected for myeg

Posted by icecool > 2023-08-28 10:49 | Report Abuse

come on myeg fly me to the moon !!!

Posted by 1pingpong > 2023-08-28 10:51 | Report Abuse

Congrats to all who sold on the day the report announcement. Now wait for next train arrival.

Posted by OnTime > 2023-08-28 12:17 | Report Abuse

MyEG said the quarterly earnings were also contributed by its newly launched Zetrix blockchain platform and from the sale of Zetrix tokens.

Posted by hng33 > 2023-08-28 14:49 | Report Abuse

Zetrix coin is not ordinary cytocurrency which lack of actual usage. Zetrix coin is COMPLUSORY use at China custom if wan to import goods from oversea for highly safety and efficiency Custome clearance

Posted by BursaKakis > 2023-08-28 16:18 | Report Abuse

Zetrix token sales set to improve further in 2H23 MYEG’s 2Q23 results were strong, on better-than-expected contribution from its blockchain solutions business. With its flagship Zetrix token set to be listed next month on Coinstore, a SG-based crypto exchange, token sales are expected to pick-up further in 2H23. We have raised FY23-24E earnings by 2-6% and we nudge our TP higher to MYR1.16 (+2%). Our TP is pegged to 20x FY24E PER, at MYEG’s LT Mean; BUY rating maintained.

Maybank IB.

Posted by nasrulfahmi > 2023-08-28 16:32 | Report Abuse

reds!!!!!

Posted by 1pingpong > 2023-08-28 16:32 | Report Abuse

Zetrixxxxxxxxxx..............in specie. sell down to persist.

Posted by 1pingpong > 2023-08-28 16:37 | Report Abuse

trademark of myeg is the speed of dumping - fascinating - as if humanly timed with rythm in reaction to real time trading behavior.

Posted by 1pingpong > 2023-08-28 16:38 | Report Abuse

We call it Dumping with attitude. Now all to run fast fast?

Posted by Jaycee89 > 2023-08-28 16:53 | Report Abuse

Hahahhahahahahahaha drop drop drop MYEG

Posted by TeamRocket > 2023-08-28 19:15 | Report Abuse

Myeg boss karma, sendiri buy sendiri sell, syok sendiri where no big player is going in, so Kesian

Posted by charlie chia > 2023-08-28 19:28 | Report Abuse

Wong buy in 15.346 million, company buy back 2m

Posted by TeamRocket > 2023-08-28 20:06 | Report Abuse

You can see the boss buy in and sell out always, make the share appear at the active stock to attract buyer, and also by experience, he notice it help to move the share up little little

Posted by OnTime > 2023-08-29 08:33 | Report Abuse

pesky teamrocket!

Posted by 1pingpong > 2023-08-29 10:06 | Report Abuse

patience - wait for U-turn indication...always be patience

Posted by hng33 > 2023-08-29 16:23 | Report Abuse

Boss is accumulating

Posted by hng33 > 2023-08-29 16:25 | Report Abuse

Boss stake in myeg is increasing.

Posted by EngineeringProfit > 2023-08-29 16:45 | Report Abuse

Buy now lah. No sapu all last minute, no big huat later

Posted by OnTime > 2023-08-29 17:49 | Report Abuse

ikut boss la!

Posted by nasrulfahmi > 2023-08-30 07:47 | Report Abuse

hari ni kasi fly

Posted by EngineeringProfit > 2023-08-30 07:52 | Report Abuse

Not only johor properties & airasia can fly kah?

Posted by icecool > 2023-08-30 17:02 | Report Abuse

friday fly day!!!

Posted by corpsehunter69 > 2023-08-30 17:12 | Report Abuse

no harm to buy more MYEG

Posted by EngineeringProfit > 2023-09-01 11:58 | Report Abuse

True. Good day to sapu all. No buy now, how to huat later

Posted by LearnFromMistake > 2023-09-01 14:12 | Report Abuse

i think after reinvestment dilution, the price will definitely drop a lot, wait it further drop only buy. got money no need to rush, many counter to choose...

Posted by SWT1988 > 2023-09-01 16:15 | Report Abuse

0.78 strong support also koyak.? kes berat

Posted by SWT1988 > 2023-09-01 16:16 | Report Abuse

will back below 0.73 again in this round?

Posted by 1pingpong > 2023-09-01 16:22 | Report Abuse

As i said, patience.

Posted by Jaycee89 > 2023-09-01 16:51 | Report Abuse

As I said , willl drop back 0.77 hahahahhahahahahshhs, still don’t believe

Posted by blazer999 > 2023-09-01 17:32 | Report Abuse

strong support sudah broke....

Posted by EngineeringProfit > 2023-09-01 17:34 | Report Abuse

Got cheaper sale, simply sapu more lah

Posted by 1pingpong > 2023-09-01 17:49 | Report Abuse

can la, sapu more. Sapu 100k first lo. Drop further another 100k lo.

Posted by EngineeringProfit > 2023-09-01 18:56 | Report Abuse

Let's see