KUALA LUMPUR (Nov 24): My EG Services Bhd (MyEG) has reported a net profit of RM70.74 million for the third quarter ended Sept 30, 2020, on revenue of RM136.09 million.
There was no comparison year-on-year numbers due to a change in the group’s financial year-end from Sept 30 to Dec 31, MyEG said in a bourse filing.
On a quarter-to-quarter basis, net profit was 12.19% higher than the RM63.06 million reported for the preceding quarter, while revenue rose 9.46% from RM124.34 million.
The group said the improved revenue and profit was due to an increase in volume from Covid-19 health screening and sale of groceries through its “Nak Beli” online store, as well as the introduction of new services including the online renewal of motorcycle insurance, road tax and competent driving licence.
For the cumulative nine-month period, MyEG posted a net profit of RM192.64 million, on revenue of RM382.17 million.
On prospects, the group said it would continue to introduce innovative services leveraging on new technology in the country and regionally in Asia, to drive its organic growth.
“Whilst this pandemic is ongoing, we are sanguine that our business is resilient and will present to us new opportunities,” it said.
MyEG’s shares price closed down two sen or 1.3% at RM1.52 today, valuing the group at RM5.32 billion. Some 13.89 million shares were traded. The stock has rebounded 90% from a low of 80 sen in March.
HTPADU - REQUEST FOR SUSPENSION HEITECH PADU BERHAD
Kindly be advised that at the request of HTPADU, trading in the Company's shares will be suspended with effect from 2.30 p.m, Thursday, 26 November 2020 pending a material announcement.
HeiTech Padu was the developer of the incumbent Malaysian Immigration System (myIMMS), first used by the government in 1993 and which the National Integrated Immigration System (NIIS) will replace.
HeiTech Padu announced that it had entered into a memorandum of understanding (MoU) with Regal Orion Sdn Bhd (RO) to explore all possible business collaborations to unlock potential business synergies via their respective competitive advantages and enhance data centre-related business activities in Malaysia.
This includes sharing information in data centre-related business technical competencies and exploring future business potential in the large customer market segment of Malaysia,” said HeiTech Padu.RO’s principal activities involve engineering, construction and project management, specifically in the data centre development sector and ancillary activities.
HeiTech Padu noted that the MoU is not expected to have any material effect on the company’s net assets per share, earnings per share, gearing, share capital and substantial shareholders’ shareholdings for the financial year ending Dec 31, 2020 (FY20). None of the directors, major shareholders of the company and persons connected to them have any interest, directly and/or indirectly, in the MoU, it said.Earlier in September, HeiTech Padu confirmed that it is one of the bidders for the government's NIIS project.
This counter will have much higher T/O tmrw morning to “encourage” buying. And then it will drop fr high T/O from 9.02AM to 9.30AM. And then it will consolidate
This is called sell on announcement. Happens all the time. Operators at work
I don’t think it will fall below 1.65 bcoz there will be support fr them and their operators later
yesterday just breakout 1.62 and if not suspended today maybe will try to break previous high 1.80. maybe if sell on news will not drop below 1.62, i studied this counter for one month and TA is very effective on this one. i in and out for few times already and never loss with this counter. htpadu is my darling haha
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
stainlyho37
2,277 posts
Posted by stainlyho37 > 2020-11-05 17:07 | Report Abuse
just watch out for 1.60 to 2.0......