Posted by Wongmyeg > 2020-05-25 11:39 | Report Abuse

Take your arguments outside people !
TP for June 2020, Target for 2020 anyone ?

Posted by poseidon80 > 2020-05-25 11:43 | Report Abuse

Haish.. why extension not renewal of contract? During Covid 19 gov wants all transaction being made online 95%, statement made by tsmy and mof. All other gov service not included in previous contract will be added.. they need time to revise the new contract. Myeg requested that the new contract should be shorter duration, 3 years.. epf, and directors acquiring shares like crazy this month and u said this stock is going down? Pity u.. this will be supermx 2.0.

Posted by poseidon80 > 2020-05-25 11:43 | Report Abuse

My target remain strong at rm3.00

Posted by Wongmyeg > 2020-05-25 11:59 | Report Abuse

wah brave words poseidon, thank you

Posted by Wongmyeg > 2020-05-25 11:59 | Report Abuse

but supermax directors got acquire their own shares before the run up adakah ?

Posted by Wongmyeg > 2020-05-25 12:04 | Report Abuse

Poseidon Taiko said online business will quadruple Myeg earnings just like Supermax......
Financial Year: 31-Dec-2019
27-Feb-2020 31-Dec-2019 119,692 69,494 68,623 69,283 57.33% 10.01% 2.00 2.00 0.1981 14.66% 18.12%
28-Nov-2019 30-Sep-2019 119,142 60,442 60,115 60,426 50.46% 9.39% 1.70 0.00 0.1847 3.83% 161.99%
Financial Year: 30-Sep-2019
29-Aug-2019 30-Jun-2019 119,133 56,999 58,267 58,199 48.91% 9.87% 1.70 0.00 0.1680 0.29% 3.72%
30-May-2019 31-Mar-2019 121,738 62,026 58,201 58,028 47.81% 9.71% 1.70 0.50 0.1702 -1.07% -0.89%
26-Feb-2019 31-Dec-2018 116,233 59,136 58,123 58,656 50.01% 10.21% 1.70 0.00 0.1626 160.18% -0.66%
Financial Year: 30-Sep-2018
29-Nov-2018 30-Sep-2018 138,334 -96,650 -97,757 -97,474 -70.67% -17.16% -2.70 0.00 0.1599 -273.71% -284.67%
30-Aug-2018 30-Jun-2018 107,442 55,985 55,509 56,113 51.66% 8.46% 1.60 1.40 0.1848 -4.16% -5.66%

Posted by dalpinia > 2020-05-25 12:11 | Report Abuse

Target June: RM3
Target end 2020: RM5 (when announced bonus 1:1)

Posted by Wongmyeg > 2020-05-25 12:15 | Report Abuse

Hidup Poseidon and Dalpina. !!!!!!

Posted by dalpinia > 2020-05-25 12:21 | Report Abuse

TP: RM10, when Philippines & Indonesia use their system in respective countries which may happened

Posted by Wongmyeg > 2020-05-25 12:21 | Report Abuse

Hidup Dalpinia Hidup Poseidon

Posted by dalpinia > 2020-05-25 12:22 | Report Abuse

So many positive news for this counter, it is best time to buy now

Posted by Wongmyeg > 2020-05-25 12:25 | Report Abuse

in that case net earnings will double . Currently EPS 8 sen. Will be 16 sen next year. X 25 PE= RM 3.5 for MYEG. Conservative estimates.

Posted by Wongmyeg > 2020-05-25 12:27 | Report Abuse

And seriously look at Amazon, Microsoft, Netflix, FAANG Stocks counter in US. All in hundreds of Dollars (Amazon top thousand). Even TESLA...

Posted by Wongmyeg > 2020-05-25 12:29 | Report Abuse

SUPERMAX FINANCIAL RESULTS. Remember MYEG is SUPERMAX 2.0..........
Financial Year: 30-Jun-2020
20-May-2020 31-Mar-2020 447,247 95,277 72,349 71,056 16.18% 5.90% 5.42 0.00 0.9200 135.56% 105.26%
25-Feb-2020 31-Dec-2019 385,497 41,829 30,022 30,165 7.79% 2.69% 2.31 0.00 0.8600 21.89% -20.90%
28-Nov-2019 30-Sep-2019 369,941 32,443 24,960 24,747 6.75% 2.14% 1.89 0.00 0.8500 64.33% -31.15%

Posted by Wongmyeg > 2020-05-25 12:31 | Report Abuse

Analysts gonna upgrade TP for MYEG.
RM 1.70 is now a catwalk....... Higher, higher.....

Posted by poseidon80 > 2020-05-25 12:37 | Report Abuse

@dalpina they already used it this year.. that’s what i emphasise.. this will be the next Supermx.. nvr ending demand.. new normal, e-service , social distance.. !!!
Wong: yeah, agreed Myeg financial with be booming!!!

Posted by poseidon80 > 2020-05-25 12:39 | Report Abuse

Wong: they did.. they did a lot of share buy back before breakout!!!

Posted by Wongmyeg > 2020-05-25 12:40 | Report Abuse

thanks for info poseidon80. bless you

Posted by Wongmyeg > 2020-05-25 12:45 | Report Abuse

yes here it is supermax company buyback...
Details of ChangesView

30-Apr-2020 30-Apr-2020 Buyback 2,888,000 2.420 2.480 View Detail
30-Apr-2020 30-Apr-2020 Buyback 2,888,000 2.420 2.480 View Detail
27-Apr-2020 27-Apr-2020 Buyback 1,672,100 2.340 2.450 View Detail
23-Apr-2020 23-Apr-2020 Buyback 1,791,323 2.240 2.300 View Detail
22-Apr-2020 22-Apr-2020 Buyback 2,660,600 2.080 2.140 View Detail
21-Apr-2020 21-Apr-2020 Buyback 5,000,000 1.950 2.000 View Detail
16-Apr-2020 16-Apr-2020 Buyback 5,888,000 1.870 1.910 View Detail
15-Apr-2020 27-Apr-2020 Buyback 25,900,023 1.760 2.450 View Detail
15-Apr-2020 15-Apr-2020 Buyback 8,888,000

Posted by wwwin > 2020-05-25 12:47 | Report Abuse

im sold myeg @ rm1.48. is it i do the wrongly decision? :(

Posted by Wongmyeg > 2020-05-25 12:49 | Report Abuse

Wahhhh Wong TS through Asia Internet has 10% stake, EPF and Kump Wang Persaraan 5%

Posted by Riaz1954 > 2020-05-25 13:32 | Report Abuse

Nigerry load of bull S.

Posted by Wongmyeg > 2020-05-25 13:34 | Report Abuse

PETALING JAYA: Online services provider MyEG Services Bhd has seen a demand for its core businesses during the current movement control order (MCO), given that it benefits from the absence of over-the-counter government services.

UOB Kay Hian Malaysia Research said other positive factors include the likely renewal of an e-government master concession which expires on May 20 and new profit streams, which will come from new online services introduced.

“Nevertheless, we reduce earnings after incorporating a higher effective tax rate for financial year 2021 (FY21)-FY22, ” it said in a report to clients yesterday.

The research house also said MyEG was expected to receive an official concession renewal after the MCO.


“The group does not expect any major changes in concession terms (such as pricing), except that the new concession tenure could be shortened to three years instead of five, which MyEG is seeking.”

UOB Kay Hian Research remained confident that MyEG will be able to extend its concession this round, riding on its “undisputed efficiency” and the “lack of other alternatives” so far.

“We understand that there have been no visible attempts by other companies to offer similar e-government services.”

It also pointed out that MyEG has introduced additional online services to bring conventional services to the digital platform.

It has, nevertheless, cut MyEG’s FY20-FY22 earnings forecasts by 4%, 12% and 16% respectively. This is taking into account a higher effective tax rate of 24% (from 2%) in 2021 and 2022.

That said, the research house thinks that potential earnings upside from a visa project and its foreign worker matching service following the resolution with its Bangladesh counterpart “should be more than enough” to offset the increase in taxes.

At the close of yesterday’s trade, MyEG saw its shares ending one sen higher to RM1.17.

Meanwhile in a filing with Bursa yesterday, MyEG said that its unit MyEG Philippines Inc has launched a contact tracing and digital health profiling smartphone app known as MyEGuard, which enables authorities to carry out contact tracing to contain the Covid-19 pandemic.

MyEG Philippines started implementing the MyEGuard for cities such as Paranaque City, NCR, Kidapawan City, North Cotabato and Ilagan City, Isabela (Central Luzon) in the Philippines.

Posted by Vanbasten > 2020-05-25 14:17 | Report Abuse

Haha MVB greatest no 9 ever

Posted by halimboss > 2020-05-25 14:23 | Report Abuse

The butchering of Myeg. New government structure soon.
Not in favor of this monopoly. Go go mypay

Posted by poseidon80 > 2020-05-25 15:11 | Report Abuse

@halimboss haishhh no word for u

Posted by ivanlau > 2020-05-25 15:13 | Report Abuse

Insider news, wed will hv several funds to push up the price, their target price will be 1.80 .........

Posted by Ahmadahmad88 > 2020-05-25 16:06 | Report Abuse

kalo semua percaya pada rumour ni, memang akan naik sampai 1.8

Posted by bananadesk > 2020-05-25 21:33 | Report Abuse

I think it's safe that my fund parking at here.

Posted by bananadesk > 2020-05-25 21:34 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/04/29/myeg-benefits-from-mco

Posted by lee9fold > 2020-05-25 23:05 | Report Abuse

halimboss is another joker spotted. he dono what he talking about

Posted by mf > 2020-05-26 10:05 | Report Abuse

Panic

Posted by MoneyChanger > 2020-05-26 10:33 | Report Abuse

what is the earliest time that we can queue to purchase the counter?

Posted by willc48 > 2020-05-26 10:39 | Report Abuse

MyEG will get renewal. powerful umno warlord having interest in the company. PM will get chop if he didnt agree

Posted by makelittlemoney > 2020-05-26 11:14 |

Post removed.Why?

Posted by thesteward > 2020-05-26 11:35 | Report Abuse

Myeg will get the E-gov contract .
No reason why it won’t get . Platform is working v well . Well runned.

Posted by witan > 2020-05-26 11:43 | Report Abuse

A lot of people forget, during umno time myeg share price is around rm2+. Now got chance to collect at cheap price, u dont want? Plus government is back to umno again so i dont see any reason the price wont go back to its previous level imo

Posted by EngineeringProfit > 2020-05-26 11:44 | Report Abuse

UMNO back ady kah?

Posted by RainT > 2020-05-26 12:21 | Report Abuse

already back, u dont know kah?

Posted by RainT > 2020-05-26 12:22 | Report Abuse

and please ya

MYEG is really have capability , is not rely on UMNO or BN for jobs ok...

Posted by RainT > 2020-05-26 12:24 | Report Abuse

the story is funny lo

before election, this MYEG is linked with UMONO n BN

Then BN lose in election, then heavy sell down the next day, EPF sell off , the director also resign frm MYEG ( The malay lady)

then steep water fall of MYEG share price

then do GST impairment

Posted by RainT > 2020-05-26 12:25 | Report Abuse

then that period when Mahathir in power, die die die also MYEG try to show it have ability and not depend UMNO n BN

Then is proven, still maintain high profit margin

Posted by RainT > 2020-05-26 12:27 | Report Abuse

then now, start again the cycle

many punters of MYEG start to link MYEG with BN & UMNO due to their success to form back door government

then the next round of story ??

BN in power , MYEG shoot up
change government again, MYEG steep fall

Posted by poseidon80 > 2020-05-26 14:00 | Report Abuse

Haish don’t care one laaa.. once the contract signed our future guaranteed.. Myeg no longer depends on umno look at the balance sheets, their profit even after PH took over.. still the same.. now this year their profit increasing gradually becoz their Business EXPANDING TO OTHER COUNTRIES!!!!
Why need to trouble urself finding reasons To justify this stock not good and paranoid...
Their numbers doesn’t lie!!! This company making millions... each quarter intact their net profit even more than DSonic and Supermx .. if u even bother to look and compare urself..

Posted by High5 > 2020-05-26 14:46 | Report Abuse

https://www.theedgemarkets.com/article/myeg-gets-temporary-extensions-egovt-service-concessions-pending-final-decision-putrajaya

Posted by Investar2862 > 2020-05-26 14:54 | Report Abuse

There is only one direction for MYEG stock price, come tomorrow!

UP UP UP

Anyway, Dow Jones (Futures now already UP >500 points) and Asian market also moving UP now... getting ready the launching pad for KLSE tomorrow morning.

Posted by bringyouflyyy > 2020-05-26 17:10 | Report Abuse

Its gonna be a up up week for myeg. lets wait for the announcement hahaha

Posted by High5 > 2020-05-26 19:59 | Report Abuse

KUALA LUMPUR (May 22): My E.G Services Bhd has been told by the government to continue to provide e-government services pertaining to vehicle registration, licensing and summons payment, for another month until June 30.

It has also received notification to continue, until further notice, the provision of online renewal of temporary employment pass for foreign workers (PLKS) for the Immigration Department.

Posted by Vanbasten > 2020-05-26 21:07 | Report Abuse

PLKS value RM 553 ml

Posted by Vanbasten > 2020-05-26 21:07 | Report Abuse

Profit margin RM 250 ml