MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.81

Today's Change

+0.005 (0.62%)

Day's Change

0.805 - 0.82

Trading Volume

60,394,800

Discussions
64 people like this. Showing 50 of 65,283 comments

sailang_now

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?...

2 days ago

lordmaster

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

2 days ago

BursaKakis

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

2 days ago

OrlandoOilWeb3AI

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

2 days ago

paktua73

morning..
this time paktua set exit at rm0.85
sikit2 lama2 jadi kapal juga
hehe..


tut tut
stand fight with own method..

2 days ago

paktua73

opps paktua ubah target base on own indicator (RP pattern)..
done sold back all at rm0.82..


tut tut
will be back later

2 days ago

simon2020

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?

2 days ago

Rider

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.

2 days ago

Pang

EPF is back.

2 days ago

keepup

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

2 days ago

smartly

too heavy. can not fly.

2 days ago

lordmaster

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 😊😍😎

2 days ago

icecool

good QR limit up !

2 days ago

UncleFollower

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

2 days ago

UncleFollower

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

2 days ago

sailang_now

Today is last day of February.
Tomorrow will be a different story...

Out of the eight institutional analysts covering the stock, seven assigned a “buy” rating, with one analyst recommending “hold”. According to Bloomberg, MyEG's 12-month median target price (TP) stood at RM1.06.

MIDF Amanah Investment Bank Bhd noted that MyEG's revenue has been steadily increasing at a "healthy rate" following the introduction of the Zetrix blockchain platform and tokens.

“The progressive effort to introduce new service using the blockchain technology would further translate into better yield for the group. Meanwhile, the existing e-government services serve a good earnings base for the group,” said the research house in a note on Thursday.

MIDF raised its earnings estimates for MyEG to RM512.8 million for the financial year ending Dec 31, 2024 (FY2024) and RM580 million for FY2025. As such, the research house lifted its TP for the stock to RM1.07, from 97 sen previously.

2 days ago

icecool

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

2 days ago

Pang

PEG: 0.004

2 days ago

UncleFollower

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

2 days ago

UncleFollower

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

2 days ago

hng33

Decided to use all proceed from free up capital today from other stock, added more myeg at 80.5sen

2 days ago

EngineeringProfit

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

Even shark like Paktua73 has to give up pushing

2 days ago

hng33

Concentrate all capital on promising and steady future blockchain technology stock, myeg instead of volatile cyclical stocks, to fend off market volatility. Stay long term on myeg for eventual windfall reward in share price and cash dividend.

2 days ago

smartly

like baby elephant, too heavy to push up.

2 days ago

laulau

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!

2 days ago

U1818

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

2 days ago

moneySIFU

对最新的成绩很满意👍

2 days ago

maxlau1223

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

2 days ago

moneySIFU

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.

1 day ago

moneySIFU

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.

1 day ago

moneySIFU

see if can top up more tomorrow, as Bursa always acts weirdly almost all the time

1 day ago

lordmaster

跟随舜兄 强者在此! 💪 💪 💪
https://www.klsescreener.com/v2/news/view/1285973

1 day ago

sailang_now

Already touched 0.82 today. The good news is daily RSS report by Bursa indicated a decreasing trend in the RSS transactions from 15M to only about 13M yesterday. What it means is the Operator has successfully flushed out most day traders & weak holders leaving only strong holders with Diamond hands! 💎💎💎💎💎💎💎💎. After EPF announce the Dividend for 2024 on 3 March, we may see a Breakout where Market will retest Resistant 0.83? Savvy investors will not wait for EPF's buy signal to enjoy maximum returns. Already got 1.68 sens proposed dividend in the hand from current good results from Myeg...

Blue Sky Target Price 3.73!
Target Price 1.21~1.23
Resistant 1.01
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Support 0.81
Price 0.815
Verdict: Uptrend is still intact!

1 day ago

hng33

One link will let know well how DEEP value myeg have embedded

Myeg, Zetrix coin performance, current unit in circulation, and total outstanding unit available for sale in future and HUGE market current market capitalization and FULLY value market capitalization, all in MULTI BILLION USD PROFIT on track to monetize by myeg on staggering basis
https://coinmarketcap.com/currencies/zetrix/

1 day ago

UncleFollower

MYEG's management is quite superb really. We can all see that they are consciously diversifying away from MY Government risk and doing so with quite a fair bit of success already. Now go other 3rd world countries provide similar services. Pride of Malaysia!

1 day ago

sailang_now

Correct! Can't understand why some choose KFC when you can dine with abalone & lobster🦞 in the company of wine, women or song? Even foreign analysts gives a glowing write-up on Myeg's current performance. Very sure many foreign funds like BlackRock will buy-up the cheap shares soon...
https://www.cointrust.com/market-news/myeg-services-bhd-records-impressive-financial-growth-driven-by-zetrix-platform

1 day ago

stncws

Uob tp 1.28...buy..
Shd be in 3 month

1 day ago

Daim88

Too slow, God knows what happen in 3 months' time. Based on the price movement, seem very dangerous to play, could come crashing down any time.

Gen Z asks, "Should I invest in myeg (MYEG)?
https://www.youtube.com/watch?v=2cSn3-eIP_k

Reviews says very dangerous to invest, biggest red flag is "net debt" company.

1 day ago

Daim88

Current price seem very cheap already but still doesn't trigger continuous buy interest from EPF and Kumpulan wang persaraan, something fishy about this stock.

I rather buy Dialog over this, at least EPF and Kumpulan* keep topping up almost on a daily basis.

1 day ago

Daim88

Good video but here are some of my thoughts about the claim of 84m coins in circulation, the site has a disclaimer "The CMC team has not verified the project's circulating supply. However, according to the project, its self-reported CS is 84,087,506.41 ZETRIX with a self-reported market cap of $1,359,081,626." It's self-reported, MyEG could say anything, literally zero accountability.

In addition, do you know the process of ICO? How many of 84m coins are in the hands of shadow big holders. Those 80% of the coins are probably under table give aways as the condition to get the coin listed for trading, and those big holders are not allowed to sell for a certain period of time, when they do, the Zetrix price could come crashing down real quick.

At this point, how much income from the coin that have yet to be priced in is "Unknown". Whether people should buy MyEG based on the speculation that Zetrix has brought in USD 1 billion profit for MyEG, it is a coin slip. Think about it, if this is true, don't you think EPF should already know by now? Why EPF not buying in big time yet.

Very risky play in my opinion at this point in time.

1 day ago

Daim88

if you ask me, introducing Zetrix as the main source of income for MyEG this quarter, probably just a publicity stunt.

MyEG is famous but Zetrix is not. The management probably tries to use this opportunity to promote the use of Zetrix by riding on the brand name of MyEG.

1 day ago

icecool

@EngineeringProfit yeah, need banker to push, anchovies cant push the price up.

22 hours ago

U1818

https://www.youtube.com/watch?v=2tKA5xzUWZU

Why i Double Up on MYEG stock

10 hours ago

sailang_now

It's interesting to note that there's so much interest & discussion among retailers on Myeg even on a weekend? Buy before foreign funds come and grab all. The ones with diamond 💎💎💎💎💎💎💎💎 hands will win in the end...

https://www.thestar.com.my/business/business-news/2024/03/02/wall-street-hunts-for-more-ai-gold-post-nvidia-rally

10 hours ago

EngineeringProfit

No need to be too early to arrive in party. Be patient. Tens to hundreds thousands can be made in bullish counters

9 hours ago

Raja138

Sold all at 0.825, waiting to collect back at below 0.80 again real soon!! Monitoring the high debt and high development cost amount of RM1.2B.

6 hours ago

Shines

Looks likely someone pressing down the shares price

1 hour ago

speakup

Pressed down for u buy mah

36 minutes ago

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