MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

1.05

Today's Change

+0.05 (5.00%)

Day's Change

1.00 - 1.05

Trading Volume

63,120,400


67 people like this.

66,596 comment(s). Last comment by U1818 9 hours ago

Posted by CarolineTeoh > 2024-02-16 16:01 | Report Abuse

MYEG's Q4 result is out next week?

Posted by EngineeringProfit > 2024-02-19 10:41 | Report Abuse

EPF doesn't allow sharks to goreng this counter yet. Play other counters first lah...........

icecool

4,888 posts

Posted by icecool > 2024-02-19 21:39 | Report Abuse

@EngineeringProfit yeah need to invite everyone to goreng this myeg

BursaKakis

428 posts

Posted by BursaKakis > 2024-02-20 10:02 | Report Abuse

Zetrix and Web3Labs launch Zetrix Global Accelerator Programme
https://www.thestar.com.my/business/business-news/2024/02/20/zetrix-and-web3labs-launch-zetrix-global-accelerator-programme

Posted by OrlandoOilWeb3AI > 2024-02-20 19:18 | Report Abuse

Japan slow into the game... but into it


Crypto progress

Japan inched closer to allowing venture capital firms and other investment funds to hold digital assets directly, after Prime Minister Fumio Kishida’s administration approved the text of a bill on Feb. 16 that seeks to partially amend the country’s industrial competitiveness enhancement act. Kishida’s agenda for reinvigorating the economy includes support for the growth of so-called web3 firms, a term that refers to a future, decentralized version of the internet underpinned by blockchain technology. Compared to other regions Japan is viewed as having strict regulations for the digital-asset sector, but has moved toward easing some crypto rules in areas such as token listings and taxation.

ken2004

1,487 posts

Posted by ken2004 > 2024-02-21 17:01 | Report Abuse

So break the support level already now?

Posted by Myinvestment88 > 2024-02-21 17:04 | Report Abuse

Collected 0.77 & 0.78
Tomorrow going up💪🏻

Shines

2,763 posts

Posted by Shines > 2024-02-21 18:18 | Report Abuse

Say everything good on MYEG side, why throwing today? QR Results not as expected?

Posted by EngineeringProfit > 2024-02-22 08:38 | Report Abuse

I follow u set lah. Just to get little profits

Mikecyc

45,125 posts

Posted by Mikecyc > 2024-02-23 14:17 |

Post removed.Why?

Mikecyc

45,125 posts

Posted by Mikecyc > 2024-02-23 15:32 |

Post removed.Why?

keepup

108 posts

Posted by keepup > 2024-02-27 11:50 | Report Abuse

lets see zetrix will bring in how many profit for coming QR. or maybe bad QR???

miji

29 posts

Posted by miji > 2024-02-27 17:06 | Report Abuse

tomorrow fly...

Posted by lordmaster > 2024-02-28 10:04 | Report Abuse

顺哥加油!强者来了!💪💪💪

charlie chia

2,149 posts

Posted by charlie chia > 2024-02-28 10:52 | Report Abuse

Q result shd be out by today

swimvshark

158 posts

Posted by swimvshark > 2024-02-28 12:22 | Report Abuse

my predict this can easy break 0.84 in no time... just see zetrix from usd 4 to usd 14 then u know

U1818

672 posts

Posted by U1818 > 2024-02-28 13:33 | Report Abuse

And e-Driving Test is on the way ;D

sheep

3,844 posts

Posted by sheep > 2024-02-28 14:54 | Report Abuse

Cakap cakap nanti macam armada..menjunam air terjun. Wakaka.. wakaka

Posted by sailang_now > 2024-02-28 16:20 | Report Abuse

Just follow EPF...tut tut

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD | https://www.klsescreener.com/v2/announcements/view/6593607

smartly

6,428 posts

Posted by smartly > 2024-02-28 18:48 | Report Abuse

sui sui. tomorrow will fly liao

smartly

6,428 posts

Posted by smartly > 2024-02-28 18:49 | Report Abuse

got 1.68sen dividend some more

smartly

6,428 posts

Posted by smartly > 2024-02-28 19:31 | Report Abuse

alright, make sure this round you don't sell 1, 2c la....since you are so optimistic, make sure this round 10 or 20c profit only sell yah.... lol

smartly

6,428 posts

Posted by smartly > 2024-02-28 22:25 | Report Abuse

MyEG said the higher quarterly earnings were mainly contributed by its Zetrix blockchain platform, sale of Zetrix tokens, and the initial exchange offering of Zetrix tokens on three major global digital asset exchanges.

Posted by sailang_now > 2024-02-28 23:38 | Report Abuse

Recap!...
According to DG Immigration, the entry of over two million foreign workers last year contributed to the RM3.31 billion earned from foreign worker levies. Anyone can do the maths on what is Myeg's earnings from Immigration services including insurance for next coming Qtr?...

Posted by lordmaster > 2024-02-29 06:43 | Report Abuse

跟随舜兄 强者在此 💪 💪 😁

MyEG Services Bhd’s net profit for the fourth quarter ended Dec 31, 2023 (4QFY2023) doubled to RM150.16 million from RM74.69 million a year earlier, on the back of 42.4% growth in revenue of RM222.06 million against RM155.99 million a year ago. MyEG said the higher quarterly earnings were mainly contributed by its Zetrix blockchain platform, sale of Zetrix tokens, and the initial exchange offering of Zetrix tokens on three major global digital asset exchanges. The digital service provider proposed a final dividend of 1.68 sen per share, raising its dividend payout for FY2023 to 1.93 sen, which is 0.51 sen higher than 1.42 sen it paid for FY2022. For the full financial year ended Dec 31, 2023 (FY2023), MyEG’s net profit expanded 22.32% to RM487.65 million from RM398.66 million in FY2022, as revenue increased by 20.57% to RM774.28 million against RM642.16 million a year earlier. — Blockchain platform lifts MyEG 4Q net profit by double, proposes 1.68 sen final dividend

BursaKakis

428 posts

Posted by BursaKakis > 2024-02-29 07:13 | Report Abuse

Blockchain platform lifts MyEG 4Q net profit by double, proposes 1.68 sen final dividend
https://theedgemalaysia.com/node/702771

Posted by OrlandoOilWeb3AI > 2024-02-29 08:23 | Report Abuse

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

simon2020

441 posts

Posted by simon2020 > 2024-02-29 09:46 | Report Abuse

Zetrix is now trading at 15.32 compared to USD11.82 one month ago. Buy on any dips as proposed Final Dividend is 1.78 cents per share,with a strong Balance Sheet & steady income from E-Services to Government, Myeg is well positioned to tap China's Growing market in 2024 & Malaysia Government's push for Digital Economy in which Myeg is one of the main beneficiary for E-Services in Malaysia & Ztrade Exports to China. Don't let EPF & Mr. Wong sapu all. That's why I want to repeat everyone has a chance to make profit as Patience has its virtues. Investing in Myeg has earned benefits such as:
* Annual dividend income & dividend reinvestment plan for many long term investors
* Capital appreciation for medium term holders and
* A steady monthly income for short term & day traders
Where else can you enjoy such benefits which is better than FD?

Rider

117 posts

Posted by Rider > 2024-02-29 09:47 | Report Abuse

CGS Research: MY E.G. Services - Strong performance driven by token sales
4Q23 results exceeded expectations on stronger-than-expected revenues from the blockchain segment, largely due to Zetrix token sales. More blockchain-related services that may kick off in FY24F could drive MyEG’s EPS growth ahead, in our view. Reiterate Add with a GGM-derived TP of RM1.10.The stock is trading at 12.7x FY24F P/E, which is close to 1.s.d below its 5-year average of 17x.

Pang

269 posts

Posted by Pang > 2024-02-29 10:55 | Report Abuse

EPF is back.

keepup

108 posts

Posted by keepup > 2024-02-29 10:59 | Report Abuse

today closing 0.805 ~ 0.810? tomorrow back to below 80 cent. good news no up, good QR also no up. look like the boss just focus on ZTX coin, more easy to push

smartly

6,428 posts

Posted by smartly > 2024-02-29 11:34 | Report Abuse

too heavy. can not fly.

Posted by lordmaster > 2024-02-29 11:47 | Report Abuse

运营商非常聪明,他们希望阻止保证金用户赚取这个差额......肯定会上下波动..但总体趋势是向上的。舜哥加油 😊😍😎

icecool

4,888 posts

Posted by icecool > 2024-02-29 12:05 | Report Abuse

good QR limit up !

UncleFollower

1,300 posts

Posted by UncleFollower > 2024-02-29 12:08 | Report Abuse

Actually surprised that it didnt follow through the break 83. Results pretty good, new projects pretty good, management pretty good so whats up, market is saying 81 cents share price is pretty good already lol

UncleFollower

1,300 posts

Posted by UncleFollower > 2024-02-29 12:11 | Report Abuse

1-for-1 bonus issue was in Sep'21. Adjusted for the bonus this means the current dividends declared is more than double the highest dividend ever paid. Is that right? Lazy to check through records just ripped off the data online hehe

icecool

4,888 posts

Posted by icecool > 2024-02-29 12:49 | Report Abuse

strong, beautiful, amazing QR must limit up !!!

Pang

269 posts

Posted by Pang > 2024-02-29 12:52 | Report Abuse

PEG: 0.004

UncleFollower

1,300 posts

Posted by UncleFollower > 2024-02-29 15:08 | Report Abuse

Here you go https://research.uobkayhian.com/content_download.jsp?id=77558&h=82588a43d416a5f52e4304f2ff26063c





OrlandoOilWeb3AI

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

6 hours ago

UncleFollower

1,300 posts

Posted by UncleFollower > 2024-02-29 15:10 | Report Abuse

Analyst are forecasting circa 500M net profit for FY24. I think that's a gross underestimation.......

Posted by EngineeringProfit > 2024-02-29 16:01 | Report Abuse

No use. Can't go up bcos every bilis hold over 1 mil stock here.

Even shark like Paktua73 has to give up pushing

smartly

6,428 posts

Posted by smartly > 2024-02-29 16:37 | Report Abuse

like baby elephant, too heavy to push up.

laulau

458 posts

Posted by laulau > 2024-02-29 16:44 | Report Abuse

Buy the dip! The higher the risks, the higher the returns. Don't just let EPF & Mr. Wong grab all as they are still accumulating. Myeg is now like a compressed spring. Opportunity only comes once in a Bluemoon. Why chase at High price later, when you can still Buy low while stocks lasts. Remember this is a politically linked counter, you help me, I help you in Malaysia Boleh!

THE CASE FOR MYEG's UPSIDE LOOKS GOOD!
Here are my comments with regards to UOB Kayhian's write-up & TP for Myeg:
1. Zetrix sold 1.2M Zetrix coins at USD5 each during ICO on 28 October raising RM28.68M for Myeg. Please note that current circulating supply of Zetrix coins is 65.33M. With current market price of Zetrix coin at USD15.31 , it already raised more than RM4.5B for Myeg! ,Some of these income alteady reflected in Myeg account in current Qtr. & the coming Quarters. A big Final Dividend of 1.68ct per share has been proposed by Myeg as a big reward for shareholders' confidence & support!
2. Contract extension for Myeg E-Services for Immigration & JPJ already obtained & confirmed!
3. ICO & Listing of Zetrix token on 28 October already done at Coinstore, BitForex & MEXC.
4. Launching of Zetrade verification for exports to China & Cabinet endorsement for Digital Driving license etc
5. Building of Foreign Worker's Village in Penang & more development projects to come?
6. Currently running JPJ L- License pilot tests & will be awarded contract soon?
7. With Mandani Government support for Myeg's E-Services, Myeg should be able to achieve TP of RM1.18 & Bluesky TP of RM3.73 in the longer term since market is so bullish on Zetriz coin which is currently trading at USD11.31 or a 226% gain. Taking Myeg's cuurent price of RM0.795, a 226% gain will push Myeg's price above RM1.80!

RECOMMENDATION:
Collect Myeg as much as possible on current weakness and we wait for the Big Pump from the Market & Foreign Funds!

U1818

672 posts

Posted by U1818 > 2024-02-29 16:45 | Report Abuse

Dinosaur like YTL also can fly, Dumbo sure can fly, but just a bit lazy today ;D

moneySIFU

5,852 posts

Posted by moneySIFU > 2024-02-29 18:42 | Report Abuse

对最新的成绩很满意👍

Posted by maxlau1223 > 2024-02-29 19:07 | Report Abuse

I hope the company can announce more cooperation related to the blockchain, we have seen the potential in one season alone

moneySIFU

5,852 posts

Posted by moneySIFU > 2024-02-29 21:18 | Report Abuse

Trying to understand digital assets of RM301mil in the Balance Sheet

By referring to the Cash Flow Statement, the digital assets were acquired via cash

Understandably that the digital assets are Zetrix Tokens by referring to Note B1:
the Initial Exchange Offering (“IEO”) of Zetrix tokens on 3 major global digital asset
exchanges.

moneySIFU

5,852 posts

Posted by moneySIFU > 2024-02-29 21:21 | Report Abuse

The effects of Zetrix are reflected firmly and consistently in the book in recent 3 quarters:

The increase in Revenue of RM66.07 million (or 42.36%) and the increase in PAT of RM75.22 million (or more than 100%) was a result of:
i) contribution from newly launch services from our Zetrix blockchain platform;
ii) contribution from the sale of Zetrix tokens; and
iii) the Initial Exchange Offering (“IEO”) of Zetrix tokens on 3 major global digital asset
exchanges.

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