MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.81

Today's Change

+0.035 (4.52%)

Day's Change

0.78 - 0.825

Trading Volume

100,875,900

Financial

Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.

Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.

NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ & YoY figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.

Discussions
58 people like this. Showing 50 of 57,774 comments

DANZLEE88

can play?

1 week ago

tallman

margin call?

1 week ago

onlyinvestment

Don't catch the falling knife unless buy signal show

1 week ago

StingRay

shorties in play. no gambling for this counter at current moment. let them sell and buy themselves. once their shorting become less, then it is time to collect and keep for GE.

1 week ago

BarrettTeo

Yup. Wait for the buy signal then FIFO

1 week ago

HaroldHuong

Drop n Drop n Drop from 1.000 until now

1 week ago

lalazai9

Election coming, alot cash out BN need money for election

1 week ago

nelsonlimpy

push down for coming DRP

1 week ago

HaroldHuong

Guess election long way to go (after Hari Raya 2023)

1 week ago

HaroldHuong

Drop very fast, Up very slow

1 week ago

StingRay

as I said, shorties in play. once sold enough, they will quickly throw it down and then slowly buy back. those contra players that are not prepared and thought they park low, the shorties will give that to them. then drsgbtheir foot while waiting for T3. again, a reminder... no gambling for this counter. let the shorties play by themselves. but those that can carry the weight, may possibly nibble some on the way down.

1 week ago

BarrettTeo

Luckily pick some at 74 cents. This counter is good for trading practice~

1 week ago

faralenz77

Continue sell down.

1 week ago

amet2017

Manipulated to the max this counter. Wonder who is the operator

1 week ago

Jerichomy

Here i come

1 week ago

BarrettTeo

I guess the big operator is Mr Wong TS... Hehe

1 week ago

Jerichomy

Yes it is him…he is a playboy so can be playsharecounter

BarrettTeo
I guess the big operator is Mr Wong TS... Hehe
24 minutes ago

1 week ago

amet2017

His proxy la. Damn cunning. Top 5 volume for so many days but price still about the same. Other counter already fly from yesterday us market news.

1 week ago

CurryBento

S5H is a 20%-owned investment of MyEG Capital Sdn Bhd (“MCSD”), a wholly owned subsidiary of MYEG.

On the other hand, S5H wholly owns its operating unit, S5 Systems Sdn Bhd (“S5”).

MYEG has invested in total RM176.5m, with the last valuation at RM865m in Dec 2021 (the first valuation of 10% was at RM900m valuation in June 2020).

Both acquisitions were not subject to Bursa Securities and shareholders’ approvals as they did not trigger the pre-determined percentage ratio of the Main Market Listing Requirements of Bursa Securities.

It was stated MYEG intends to leverage the relationship with S5H to achieve greater synergies and mutual benefits and expand the company’s footprint in Malaysia as well as strengthen its position as an e-government services provider.

It was disclosed via an article by The Edge dated 23 March 2021, the shareholders of S5H at that point of time were Syed Mohammad Hafiz (76.38%), MCSD (10%), Merrington Assets Ltd (10%) and Avocat Sdn Bhd (3.62%).

It was not made known the actual reason for the acquisition as MYEG typically into organic growth by expanding into new products, services, customers and verticals i.e. health-tech services, blockchain initiatives, global presence and partnership etc.

Interestingly, it has entered a niche e-commerce space via an online platform “Nak Beli” specifically to sell groceries, fresh and frozen food.

Hence, the acquisition of S5H by MYEG was a peculiar one as it does not add value to its current businesses nor strengthen its footprint in Malaysia and giving the Group greater synergies with S5H.

Its strength does not lie in its M&A prowess but its internal expertise and capability to build, operate and own platform and to offer various services from government agencies (i.e. PDRM, JPJ, JIM, JPN etc.) to Malaysian citizens and businesses. Hence, this acquisition indeed raised a red flag.

1 week ago

CurryBento

All in all, many shareholders and investors of MYEG want to know the rationale of sizeable acquisition as the acquisition of S5H stake piqued a lot of interest. Over the years, the Group has proved itself that it has been able to overcome perception not only having its existing contracts renewed but getting new contracts in Southeast Asia and Southern Asia. Overall, the Group growth story remained compelling, robust and unique driven by its entrepreneurial founder. One thing that haven’t been proved, is its prowess in M&A activities.

The more concerning area is its investment in S5H. Why opt for a backdoor listing instead of direct listing? Unless S5 does not meet the earnings track record for direct listing. What were the reason for deteriorating financials and cashflow of S5 or because of the expiry of contracts or contracts reaching tail end with JIM. If this is the case, is the RM865-900m valuation paid by MYEG reasonable? Notably, S5 has its fair share of other issues including the expiry of contracts or at the tail end, declining financials, legal tussles, resignation of its CEO, timely lodgment of audited accounts etc.

If the valuation for 20% stake in S5H is not justifiable due its issues, is there a plan for MYEG to resell its stake via trade sale or exercise its put option to the vendors of S5H. This is something that MYEG needs to consider avoiding any future write-off or impairment exercise, if any. In a nutshell, price and value aren't always the same same. Don't pay too much especially in a deal that not everyone can understand. This is something that the Company needs to explain to the shareholders.

Happy investing and stay safe :)

1 week ago

Jerichomy

This is the one causing share price to go down


CurryBento
All in all, many shareholders and investors of MYEG want to know the rationale of sizeable acquisition as the acquisition of S5H stake piqued a lot of interest. Over the years, the Group has proved itself that it has been able to overcome perception not only having its existing contracts renewed but getting new contracts in Southeast Asia and Southern Asia. Overall, the Group growth story remained compelling, robust and unique driven by its entrepreneurial founder. One thing that haven’t been proved, is its prowess in M&A activities.

The more concerning area is its investment in S5H. Why opt for a backdoor listing instead of direct listing? Unless S5 does not meet the earnings track record for direct listing. What were the reason for deteriorating financials and cashflow of S5 or because of the expiry of contracts or contracts reaching tail end with JIM. If this is the case, is the RM865-900m valuation paid by MYEG reasonable? Notably, S5 has its fair share of other issues including the expiry of contracts or at the tail end, declining financials, legal tussles, resignation of its CEO, timely lodgment of audited accounts etc.

If the valuation for 20% stake in S5H is not justifiable due its issues, is there a plan for MYEG to resell its stake via trade sale or exercise its put option to the vendors of S5H. This is something that MYEG needs to consider avoiding any future write-off or impairment exercise, if any. In a nutshell, price and value aren't always the same same. Don't pay too much especially in a deal that not everyone can understand. This is something that the Company needs to explain to the shareholders.

Happy investing and stay safe :)
1 hour ago

1 week ago

PenditaAlam

Post removed.Why?

1 week ago

HaroldHuong

Can maintain above 0.760??

1 week ago

BarrettTeo

@ HaroldHuong Only GOD know. But this counter is really good for trading practice in my opinion

1 week ago

hornbill

Kakak & Abang can coming.

1 week ago

damiel92

renew road tax myeg

1 week ago

damiel92

renew insurance myeg

1 week ago

damiel92

renew labor permit myeg

1 week ago

damiel92

everything you can do in myeg

1 week ago

BarrettTeo

Nice. Go go go and see u at 80 cents again

1 week ago

LcKevinLee

以新加坡为基地的加密货币交易所Zipmex,向新加坡法庭申请破产保护。

加密货币,MYGG加油,勇气可嘉

1 week ago

BreakingNews

Buy

6 days ago

wlun6631

Whales are collecting silently, the more you sell the more they collect. And they resell you at RM1+ again :D

6 days ago

lalazai9

Election coming BN win myeg fly

6 days ago

BarrettTeo

Very good. 80 cents up up and above

6 days ago

amet2017

Scam counter. Haha.. Damn this syndicate.

4 days ago

BarrettTeo

It's OK as long as your margin of safety is high. This counter provide good training for trading. Hehe

4 days ago

Dragon88

Time to buy, now or never

3 days ago

BarrettTeo

SP is 80 cents. Go go go

3 days ago

wlun6631

I love all time low, let me collect more :D ~ I'm waiting downstairs

3 days ago

amet2017

Looks like syndicate is buying and selling from right to left. Luring bilis to come in.

3 days ago

wlun6631

Where's the haters, please sell me all your tickets I need more. I'm perfectly fine even the price goes down to RM0.70~RM0.74

2 days ago

troy88

sharks finished collecting?

2 days ago

BarrettTeo

Nice la. Up up up

2 days ago

HaroldHuong

Up to 80cts, can maintain is priority

2 days ago

stockraider

Steady collection loh!

2 days ago

KooSan

Big sharks playing in the battlefield. Ikan bilis can only share some fun.

2 days ago

mf

Fed rate hikes expected to become more aggressive after strong jobs report
PUBLISHED FRI, AUG 5 202211:22 AM EDTUPDATED FRI, AUG 5 20221:06 PM EDT
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Patti Domm
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19 hours ago

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