MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

1.00

Today's Change

-0.05 (4.76%)

Day's Change

0.995 - 1.05

Trading Volume

116,784,900


67 people like this.

66,597 comment(s). Last comment by laulau 4 hours ago

icst1975

166 posts

Posted by icst1975 > 4 weeks ago | Report Abuse

Zetrix facilitates trades between different countries worldwide.
Zetrix is a leading public blockchain platform. Zetriz facilitates cross-border trade between countries. Recently, MYEG launched a pilot project in conjunction with the Bank of China to offer supply chain financing products for international importers and exporters. This initiative aims to provide more efficient and convenient cross-border financial services. Additionally, Zetrix’s decentralized application, ZTrade, enables faster and seamless cross-border trading experiences for exporters to China by digitizing their Certificates of Origin. So Zetrix is not restricted to trade between specific countries; it is designed to support global trade by leveraging blockchain technology and critical building blocks for Web3 services.

U1818

673 posts

Posted by U1818 > 4 weeks ago | Report Abuse

Today's announcement, EPF come back as major shareholfer again ;D

U1818

673 posts

Posted by U1818 > 4 weeks ago | Report Abuse

Should you worry about paying taxes if you make a lot of money, or avoid making a lot in order to pay less taxes?

OrlandoWeb3AI

4,878 posts

Posted by OrlandoWeb3AI > 4 weeks ago | Report Abuse

MYEG is NOT trading in cryptocurrency

MYEG is an issuer of cryptocurrency

When a listed company issues shares it is not subject to income tax

When a shares trader trades the company shares he is subject to tax.. but in Malaysia at the moment

Any better to ask MYEG during AGM

OrlandoWeb3AI

4,878 posts

Posted by OrlandoWeb3AI > 4 weeks ago | Report Abuse

*not

OrlandoWeb3AI

4,878 posts

Posted by OrlandoWeb3AI > 4 weeks ago | Report Abuse

*anyway

OrlandoWeb3AI

4,878 posts

Posted by OrlandoWeb3AI > 4 weeks ago | Report Abuse

You know Zetrix is something when it is brought up in a ceremony during a Premier visit

pang72

49,432 posts

Posted by pang72 > 4 weeks ago | Report Abuse

在今日签约后,大马农业和食物安全部也将宣布,使用ZTrade为官方管道,向中国发放农业认证,这可能包括出口准证和其他的准证。

Look like Ztrade agreement signed today!

pang72

49,432 posts

Posted by pang72 > 4 weeks ago | Report Abuse

Ministry of Agriculture kick start the 1st export deal? DURIAN, I GUESS

pang72

49,432 posts

Posted by pang72 > 4 weeks ago | Report Abuse

Tmr, hoseh jo

pang72

49,432 posts

Posted by pang72 > 4 weeks ago | Report Abuse

Analysts has yet to factor in Ztrade into target price already TP1. 60
If Ztrade included will be how high?

U1818

673 posts

Posted by U1818 > 4 weeks ago | Report Abuse

@pang72, at least 3 to 4 story high in near term, ~~ RM3.50 (Malaysia), after all RCEP countries adopted RM35 ;D

hhhiii123

788 posts

Posted by hhhiii123 > 4 weeks ago | Report Abuse

hehe, tomorrow show time

beinvested

2,445 posts

Posted by beinvested > 4 weeks ago | Report Abuse

Recently, EPF ceased to be the substantial shareholder. Today, it filed the Notice for substantial shareholder. Means, it bought back the shares on 13 June.

At another time, there appeared like it sold at the higher price and bought back at the lower price before the closing.

laulau

453 posts

Posted by laulau > 4 weeks ago | Report Abuse

Yes! Follow EPF/KWAP to Sell Myeg on News! Buy on Rumours!. For those who already took profit? Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty. Iris could also comeback into Niise Project through a JV with the successful bidder as Immigration is still using Iris Border Security Management Equipment & Systems. Arbitration with Government on quantum of compensation for Iris on Niise termination is also ongoing? Otherwise why the long delay to announce the successful bidder?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

hng33

19,949 posts

Posted by hng33 > 4 weeks ago | Report Abuse

bought back myeg at 1.04

Posted by CarolineTeoh > 3 weeks ago | Report Abuse

I wait below Rm1 ...safer

hhhiii123

788 posts

Posted by hhhiii123 > 3 weeks ago | Report Abuse

still hold, wait for breakout to topup, hehe

laulau

453 posts

Posted by laulau > 3 weeks ago | Report Abuse

Good idea!
CarolineTeoh

I wait below Rm1 ...safer

As long as EPF & KWAP keeps on selling supported by IBs who keeps on issuing Call Warrants on a monthly basis, Myeg would not move much. Also we need to see how Myeg deals with it's tax obligations for Zetrix token profit? Income tax may review Myeg's Income declaration for penalties or raise additional tax which will affect its bottom line?
If free, take a look at Iris, Kobay for Tech & DC play or Engtek for Water & DC play as associated with Ranhill & YTL power play. We can always come back later to Myeg after the dividend & share reinvestment plan?

keepup

108 posts

Posted by keepup > 3 weeks ago | Report Abuse

foreign fund gone?

hng33

19,949 posts

Posted by hng33 > 3 weeks ago | Report Abuse

cut at 1.03, better wait for NIIS award impact first

laulau

453 posts

Posted by laulau > 3 weeks ago | Report Abuse

Wise move. Buy Iris, Kobay or Engtex got positive momentum. We will revisit Myeg later?

Tenka226

111 posts

Posted by Tenka226 > 3 weeks ago | Report Abuse

Ya, revisit Myeg when the price is less than Rm1

hng33

19,949 posts

Posted by hng33 > 3 weeks ago | Report Abuse

Kwp continue selling, kwp fund manager also selling, myeg CEO also selling direct share to company.... EPF selling and trading, now ease less 5%, everyone is waitinvg for NIIS outcome which risk myeg losing 2/3 immigration business after 2 year extensions lapse

kkl123

1,484 posts

Posted by kkl123 > 3 weeks ago | Report Abuse

This counter down because of PM LEE arriving
Will up up up because HE already leaving.
Monday buy back

U1818

673 posts

Posted by U1818 > 3 weeks ago | Report Abuse

https://www.myeg.com.my/investor-relations/general-meetings

MYEG AGM, 25-6-2024, 10am ~ ~ Tomorrow is the last day to submit questions to MYEG ;D

icst1975

166 posts

Posted by icst1975 > 3 weeks ago | Report Abuse

In the first quarter of 2024, MY E.G. Services Bhd (MYEG) experienced a significant boost in net profit, rising by 47.09% to RM155.83 million compared to the same period last year. This growth was primarily driven by contributions from its Zetrix blockchain platform services and the sale of Zetrix tokens. The company’s revenue also increased by 34.49%, reaching RM232.96 million during Q1 202412. MYEG expects to continue introducing innovative services leveraging blockchain technology (specifically its Layer 1 blockchain platform, Zetrix) to drive organic growth in 2024. Additionally, Zetrix has been integrated with China’s national blockchain platform, “Xing Huo,” allowing cross-border trade and expanding MYEG’s global reach. The long-term outlook for MYEG remains positive as they continue to introduce innovative services both in Malaysia and globally.

sg999

1,767 posts

Posted by sg999 > 3 weeks ago | Report Abuse

MYEG become mygg?

Posted by Sanabeng > 3 weeks ago | Report Abuse

No worry, sure MyEG will become penny stock again.

Posted by CarolineTeoh > 3 weeks ago | Report Abuse

So better q at 88 cents ?

U1818

673 posts

Posted by U1818 > 3 weeks ago | Report Abuse

https://www.msn.com/en-my/money/topstories/interview-bringing-web3-to-forefront-now-rather-than-later/ar-BB1oKX9u

Interview: Bringing Web3 to forefront, now rather than later

Today, Zetrix is focused on two primary applications, which are for cross-border trade and for cross-border government document verification.

MyEG works closely with Mimos Bhd on their Malaysian Blockchain Infrastructure project to provide the modules required by the government and enterprises.

Going global
More than two decades ago, when MyEG introduced online services, Wong shares that he regrets it having been “overly focused” on the Malaysian market and not extending its e-government services and solutions outside of the country.

This is why, with Zetrix, Wong is steadfast on aggressively targeting the international market.

“For Web3, the application we are rolling out, which is cross-border trade, by its very nature involves many more markets, many more countries and many more governments,” he says.
“We are still very early in the blockchain technology cycle. Many silos will be built on blockchain over the next 20 years, many of which we cannot even imagine today,” says Wong.

Zrenxy

597 posts

Posted by Zrenxy > 3 weeks ago | Report Abuse

All in Hextar Global Bhd, gonna up soon

keepup

108 posts

Posted by keepup > 3 weeks ago | Report Abuse

every day drop only. lol

laulau

453 posts

Posted by laulau > 3 weeks ago | Report Abuse

As long as EPF/KWAP keeps on selling, IBs will support with monthly issue of Call Warrants to keep Myeg price low Also the Share dividend & Share reinvestment plan will dilute shareholder's value. Don't forget about the additional Corporation Tax that Myeg may have to pay for Zetrix token profit? Better buy Iris as got positive momentum and comes back after price correction to a more comfortable value?

keepup

every day drop only. lol

Zrenxy

597 posts

Posted by Zrenxy > 3 weeks ago | Report Abuse

All in Hextar Global, Next Ytlpower in making.

hhhiii123

788 posts

Posted by hhhiii123 > 3 weeks ago | Report Abuse

unexpected dividend lol

OrlandoWeb3AI

4,878 posts

Posted by OrlandoWeb3AI > 3 weeks ago | Report Abuse

TS Wong has confirmed a couple of stuff in the agm

Wide scope

Bright future

Tenka226

111 posts

Posted by Tenka226 > 3 weeks ago | Report Abuse

It has stopped dropping after the AGM. Good

Posted by Sanabeng > 3 weeks ago | Report Abuse

TP 0.91 for downtrend MyEG.

beinvested

2,445 posts

Posted by beinvested > 3 weeks ago | Report Abuse

The Pension Funds are selling actively.
Surely, those institutional support for your business/company is good but when they decided to leave...

sheldon

1,404 posts

Posted by sheldon > 3 weeks ago | Report Abuse

Whatever happened to the Zetrix hype?

Posted by KaiserKazer > 3 weeks ago | Report Abuse

zetrix chain is just china business man playing within themself la

stainlyho37

2,266 posts

Posted by stainlyho37 > 3 weeks ago | Report Abuse

THETHA & HT running handsomely...watch out MYEG....!!!

sg999

1,767 posts

Posted by sg999 > 3 weeks ago | Report Abuse

MYEG become MYGG?

choysun

4,309 posts

Posted by choysun > 3 weeks ago | Report Abuse

Wah, today really wash out lots of weak holders. Exciting day tomorrow :p

NorazmiAR

102 posts

Posted by NorazmiAR > 2 weeks ago | Report Abuse

Following the signing of the 'Joint Statement of the Ministry of Finance of Malaysia and GACC on Single Window Cooperation in Cross-Border Trade' on 19 June 2024, the Company received notification letters dated 27 June 2024 from EL, on the connectivity deployment with ZTrade services for the following cross-border trade facilitation services:

Recognition of Certificate of Origin issued by the Ministry of Investment, Trade and Industry of Malaysia and GACC; and
Recognition of Phytosanitary Certificate and other product certificates issued by the Ministry of Agriculture and Food Security of Malaysia and GACC.
Accordingly, with the completion of this deployment, live connectivity of the ZTrade services to GACC’s Single Window platform is now enabled. Please refer to https://ztrade.ztradefi.com/ for more details.

Above connectivity deployment announcement is major catalyst for MYEG after years of development and R&D to commercialize the usage of Zetrix. Finally companies can start register and using the Ztrade starting with Malaysia companies and will be opening to Indonesia and other countries within this and next year. to This will be major contribution to MYEG in coming quarters result.

Anyone missing the boat to top up below 80cents back in Mar 2023, here is the chance for you to join the rally that will push MYEG to at least 1.50 - 2.00!!

sg999

1,767 posts

Posted by sg999 > 2 weeks ago | Report Abuse

Tomorrow cheaper? 0.9.

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