Posted by Salemtangina > 2 months ago | Report Abuse

soon 1.1 support will break T_T

Posted by pang72 > 2 months ago | Report Abuse

分析：MIDF投行研究

目标价：1.38令吉

最新进展：

MyEG（MYEG，0138，主板科技股）2024财年首季净赚1亿5583万令吉，同比上扬47.10%。

截至3月底的首季，营收报2亿3295万8000令吉，同比增长34.48%。

MyEG首季净利和营收双涨，主要归功于Zetrix区块链平台服务与Zetrix代币销售驱动。



MyEG 海德
行家建议：

MyEG首季营业额大增，加上营运开销同比降低10.7%，使该公司赚幅维持在60%以上，也是其盈利强劲且创新高的主因。

这也让公司首季业绩表现超出我们预期，占了我们全年盈利预测的30.4%。

我们认为，MyEG通过区块链科技推出的服务，将让其获得更佳的收益，因为相关服务是在现有电子政府服务的基础上实现，将提供更良好的盈利基础。

按目前的进展，Zetrix代币的营收很有可能超过电子政府服务的总收入。

我们把Zetrix代币的营收和赚幅前景纳入考量后，把2024和2025财年盈利预测各别调高，至5.869亿令吉和6.613亿令吉。

整体而言，Zetrix代币将持续推动MyEG的盈利增长，因此，我们维持“买入”评级，但目标价则由1.07令吉大幅调高至1.38令吉。

这是基于2025财年的每股盈利预测为8.9仙与15.5倍本益比不变下得出的合理目标价，该价位也等同于集团过去两年的平均本益比水平。

Posted by pang72 > 2 months ago | Report Abuse

$1.38 mah

Posted by pang72 > 2 months ago | Report Abuse

Wait for more IB research report for myeg with higher than $1.38 target price

Posted by U1818 > 2 months ago | Report Abuse

IB not sure how to value Ztrade so they all just play save and use PE around 15X only ~ ~

Posted by Salemtangina > 2 months ago | Report Abuse

unlimited supply at RM1.11

Posted by U1818 > 2 months ago | Report Abuse

PE should be above 40X like MYEG's glory time. In fact the potential now is much more bigger than glory time as the market is not limited to Malaysia but all RCEP countries and eventually global.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

https://www.businesstoday.com.my/2024/05/30/myeg-could-see-earnings-from-zetrix-overtake-e-gov-services/

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

The group continues to record commendable earnings growth premised on the Zetrix platform. The progressive effort to introduce new services using blockchain technology would further translate into better yield for the group. Note that this is on top of the existing e-government services which serve a good earnings base for the group. At the current rate, the house is of view that there is a high chance that earnings from Zetrix would take over the overall income from e-government services.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

The group continues to record commendable earnings growth premised on the Zetrix platform. The progressive effort to introduce new services using blockchain technology would further translate into better yield for the group. Note that this is on top of the existing e-government services which serve a good earnings base for the group. At the current rate, the house is of view that there is a high chance that earnings from Zetrix would take over the overall income from e-government services.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Jan 22, 2024 MyEG Services Bhd’s (MyEG) Zetrix, Web2Labs Hong Kong and Summer Capital are teaming up to to advance Hong Kong’s Web3 initiatives. Blockchain strategy and technology company Web3Labs leverages its network of over 500 partners throughout the Web3 ecosystem including government bodies, institutions, investors, exchanges and media outlets to foster additional growth and innovation facilitated by the city state. The key objectives of this collaboration among others is to enhance Zetrix as the preferred Layer-1 platform for blockchain applications aligned with the HK’s government’s Web3 vision and catalysed by further collaborations with industry and business communities.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Jan 22, 2024 MyEG Services Bhd’s (MyEG) Zetrix, Web2Labs Hong Kong and Summer Capital are teaming up to to advance Hong Kong’s Web3 initiatives. Blockchain strategy and technology company Web3Labs leverages its network of over 500 partners throughout the Web3 ecosystem including government bodies, institutions, investors, exchanges and media outlets to foster additional growth and innovation facilitated by the city state. The key objectives of this collaboration among others is to enhance Zetrix as the preferred Layer-1 platform for blockchain applications aligned with the HK’s government’s Web3 vision and catalysed by further collaborations with industry and business communities.

Posted by AllIsVanity > 2 months ago | Report Abuse

Deputy PM = MYEG?

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Zetrix co-founder Wong Thean Soon said it is thrilled to partner with Web3Labs, a trusted leader in the Web3 space.

“This collaboration will add immense value to Zetrix and provide invaluable support to the burgeoning Web3 ecosystem with key stakeholders in HK.

“Zetrix and its international supernode on China’s national public blockchain, Xinghuo BIF is the natural choice for Web3 decentralised applications (DApps) that serve the objectives of HK Special Administrative Region (SAR) to be a global crypto hub,” he said.

Echoing Wong’s sentiment, Web3Labs chief executive officer Caspar Wong said it is excited to welcome Zetrix as a strategic partner.

“Their commitment to aligning with the HK vision and fostering innovation makes them the perfect platform for building impactful Web3 solutions.

Posted by EngineeringProfit > 2 months ago | Report Abuse

Closing price?

Posted by pang72 > 2 months ago | Report Abuse

$1.12 52 weeks high..
MYEG the next gem in marking by digital coin (zetrix coin!)

Posted by pang72 > 2 months ago | Report Abuse

AllIsVanity

Deputy PM = MYEG?

30 minutes ago

Now U know!

Posted by EngineeringProfit > 2 months ago | Report Abuse

Nice

Posted by Tenka226 > 2 months ago | Report Abuse

Nooo, thought can collect at RM1 and below. The ship has sailed 😫

Posted by pang72 > 2 months ago | Report Abuse

3iii can't tahan too after seeing such a good QR..
Incremental profit every quarter...
Steady

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Debt increasing.
FCF anaemic.

Posted by AllIsVanity > 2 months ago | Report Abuse

The ship is very much still at dock, just the engine already started.

Posted by pang72 > 2 months ago | Report Abuse

OK! 3ii want perfect stock without borrowing to run project then earning money.

Posted by pang72 > 2 months ago | Report Abuse

I prefer company to borrow adequate money to run project to earn more money back like myeg...

Posted by CarolineTeoh > 2 months ago | Report Abuse

With the Layer 1 blockchain platform, namely Zetrix, coming online, MYEG continues to commercialise innovative services as Web 3.0 becomes widely adopted.
Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely "Xing Huo” which will allow ease of cross-border trade to take place, and it will be the group’s foray into the global market

Posted by U1818 > 2 months ago | Report Abuse

MYEG's project needs to use its own funds to complete the system and facilities first, and then charge users after commercialization. Just like a toll road, once it is built and commercialized, it will be a goose that lays golden eggs for decades. So borrowing money is necessary.

Posted by pang72 > 2 months ago | Report Abuse

Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥

Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy).

DO YOU NOTICE THIS STATEMENTS! OPERATING EXPENSES GOING DOWN YOY.
THIS EXPLAINS THE BORROWING BEAR FRUIT FOR DEVELOPING WED3 LAST YEAR.
DEVELOPMENT COST WAS EXPENSE AND MINIMUM NOW..
HENCE, MORE PROFIT MOVJNG FORWARD..

MORE MORE AND MORE

Posted by pang72 > 2 months ago | Report Abuse

Waiting for more announcements of ztrade roll out..
And many more news applications make used of web3

Posted by AllIsVanity > 2 months ago | Report Abuse

For the time being everything is just hearsay, nothing is concrete; it doesn’t mean anything deputy PM shaking hands with the Chinese.

Posted by U1818 > 2 months ago | Report Abuse

MYEG has a new revenue that just started last month, but the market seems to have forgotten about it, that is the e-Driving Test. It is currently optional and will be fully implemented by the MOT in 2030.

Posted by sheldon > 2 months ago | Report Abuse

I hope for our sake it's not a case of building castles in the air.

Posted by bearcomebullgone > 2 months ago | Report Abuse

QR bagus lagiiii tp susah sikit la kat ngara jauh sgt ni

knp ada tercium haruman die skt mcm serbuk dinamite

Posted by BenBlurBlur > 2 months ago | Report Abuse

The latest QR provides more proofs that the almost unbelievable Zetrix token is real is it?

Thank you

Posted by pang72 > 2 months ago | Report Abuse

Market cap $8B as of $1.10
Market cap $16B if $2.20

Myeg will be index stock..

Possible the black horse after Ztrade?

Posted by pang72 > 2 months ago | Report Abuse

MYEG trades way below it's historical high..
The only stock that not back to glory day..
Tenaga, maybank, Gamuda,...

Myeg still 50% discount with earning 100% improve
$150mils per QR
$600mils per years..

Posted by pang72 > 2 months ago | Report Abuse

Target price $1.40..by Cgs.. Good

Posted by U1818 > 2 months ago | Report Abuse

Prior to the 23rd AGM, shareholders may submit questions to the Board of Directors at
www.myeg.com.my/investor-relations/general-meetings latest by Sunday, 23 June 2024 and the response will be broadcasted during the virtual meeting. During the 23rd AGM, shareholders may submit questions by clicking on “Ask Question” on the RPV facilities while participating in the virtual meeting.

Posted by U1818 > 2 months ago | Report Abuse

Pls submit questions to IR Department by 23-6-2024 ; )

Posted by U1818 > 2 months ago | Report Abuse

https://myeg.ph/news/20240530-myeg-peza-2023-business-review?fbclid=IwZXh0bgNhZW0CMTEAAR3vlhvT2P1CMCkuJoGwKdZw7-omgEzOwaUoZeYhO-gpzwVTHQtBg0nCi7g_aem_AWrSspbx_eC8msiZy9xSyFilZ0JrJitEhzORBAKSbXlAOww3c_x4bqukHB9Jx3bHqBz-jXxsAfha4g6qObJ5Acbm


MYEG PH, led by CEO Ann Saldaña, presented a business review to PEZA showcasing a fourfold increase in transactions from 2022-2023, successful online payment mandates, and robust marketing efforts, underscoring their pivotal role in Philippine Economic Zone Authority (PEZA)'s digital transformation.

Posted by U1818 > 2 months ago | Report Abuse

The report showcased remarkable transactional growth, with a notable fourfold increase in the number of transactions from 2022 to 2023. This exponential rise underscores the successful implementation of MYEG’s digital solutions and the growing acceptance of online services among PEZA stakeholders. Additionally, the first four months of 2024 witnessed a 101% increase in transactions compared to the same period in 2023, indicating sustained momentum and expanding user adoption. August 2023 was particularly significant, marked by a 52% spike in transactions following the enforcement of a 100% online payment mandate. This initiative, aimed at enhancing efficiency and transparency, has been a pivotal driver in boosting transactional volume. Furthermore, the daily average transactions have surged from 877 to 1,800, reflecting increased user engagement and operational efficiency.

Posted by U1818 > 2 months ago | Report Abuse

Doing very well in Philippines ;D

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

(RM m)
FISCAL YEAR ENDING 2023 2022 2021 2020 2019
NET INCOME 487.65 398.66 315.94 268.66 242.47
FREE CASH FLOW 491.76 228.93 79.66 242.61 83.84

CAPITAL EMPLOYED 2,919.50 2,617.00 2,504.00 2,467.00
ROCE 16.70% 15.23% 12.62% 10.89%

TOTAL EQUITY (Book Value) 2,209.00 2,090.00 2,016.00 1,904.00 1,872.00


CASH AND EQUIVALENT 84.00 399.00 252.00 215.00 76.00
ST DEBT & CURRENT PORTION OF LT DEBT 145.00 141.00 161.00 162.00 158.00
LT DEBT 737.00 722.00 412.00 423.00 325.00
TOTAL DEBT 882.00 863.00 573.00 585.00 483.00
NET CASH (DEBT) -798.00 -464.00 -321.00 -370.00 -407.00

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

Essentially, MYEG's capex is high. Mostly for developing new businesses. It has taken on more debts. OTOH, its Return on capital employed remained in the high teens and even increased, which is reassuring that its investments have not been in vain.

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2 months ago | Report Abuse

It is not necessarily a problem for a company to spend heavily on capex, as long as the capex is earnings a decent ROCE.

However, capex that is consistently much higher than depreciation with no improvement in ROCE is rarely the hallmark of a great company.

Posted by U1818 > 2 months ago | Report Abuse

https://www.bursamarketplace.com/t/bdr_download?s=trade_performance_an...

TRADE PERFORMANCE AND FUND FLOW
WEEK ENDED 24 May 2024
Prepared by Bursa Digital Research. Kindly refer to the disclaimer on the last page.

Foreign investors continued to buy into Malaysian Equities for the fifth consecutive week
(+RM474.46 mil).
▪ This brought the YTD foreign fund flow to +RM480.78 mil.
▪ Foreign investors increased their buying interest in the Transportation & Logistics sector, with
AIRPORT (+RM201.70 mil) being their preferred counter for eighth consecutive week.
▪ The Technology sector also continued to receive inflow of funds from foreign investors. They
accumulated INARI and MYEG for the eighth consecutive week.
▪ Foreign investors also bought into the Construction sector with a net inflow of +RM76.99 mil
last week, with IJM taking the lead.

Posted by U1818 > 2 months ago | Report Abuse

Foreign investors are buying MYEG for the eighth consecutive week.. No need to guess, Confirmed !!

Posted by pang72 > 2 months ago | Report Abuse

Wow! No wonder myeg up from 80c to 1.10 in 8 consecutive weeks!
I found the answer. Thank you U1818...

I believe FF will buy 52 conservative weeks till 2024 Dec... In myeg...

Errrr...... $2.... With QR continuing up 4 consecutive QR...