paktua73

KUALA LUMPUR (April 16): E-government services providers MyEG Services Bhd and Heitech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and Heitech Padu have inked a teaming agreement for the collaboration.

“The purpose of the agreement is to set forth the understanding of the parties with respect to their respective roles and responsibilities wherein the parties wish to collaborate in the marketing activities, sharing of related know-how and system integration of IT solution for identified projects to potential customers of the parties,” the filings read.


MyEG is a substantial shareholder in Heitech Padu with a 15.9% stake via MyEG Capital Sdn Bhd.
Via this same stake, MyEG co-founder and managing director Wong Thean Soon (better known as TS Wong), who owns a 28.9% equity interest in MyEG comprising both his direct interest and via his investment vehicle Asia Internet Holdings Sdn Bhd, is deemed a substantial shareholder in Heitech Padu.

Meanwhile, MyEG non-independent non-executive director Datuk Mohd Jimmy Wong Abdullah, who owns a 0.09% stake in the company, is also a non-independent non-executive director of Heitech Padu.

MyEG noted that Mohd Jimmy and TS Wong will continue to abstain from all deliberation and voting at relevant company board meetings, while Heitech Padu noted the same for Mohd Jimmy in its relevant board meetings.

Notably, Heitech Padu is reportedly one of the three companies shortlisted to take on the RM1 billion National Integrated Immigration System (NIISe) project after Iris Corp Bhd was dropped from the job.
Previously, The Edge reported that MyEG’s interest in Heitech Padu goes beyond just the NIISe project.

“Although both companies are involved in the provision of services to the government, there is no overlap, as each company is focused on completely different aspects of e-services.

“Both companies will work together to explore opportunities to participate in projects that are in line with our competencies and objectives, and this will not be limited to the NIISe project,” a MyEG spokesperson told The Edge.
At the time of writing, shares in MyEG were down half a sen or 0.64% to 77.5 sen, valuing the company at RM5.82 billion.

Meanwhile, Heitech Padu shares were trading one sen or 0.41% lower at RM2.42, giving the company a market capitalisation of RM244.96 million.



tut tut
good new?

1 week ago

James_Bond

Collected another batch at 0.77! Thanks!

1 week ago

paktua73

afternoon @Sailang_now..
paktua always make comeback when price so attractive
haha



tut tut
let ride again

1 week ago

James_Bond

Need blockchain to track back your money in the midst of war!

1 week ago

1pingpong

war just started....be watchful..

1 week ago

James_Bond

Oh no! Sell your shares and run away!

6 days ago

James_Bond

Looks like Israel will fight back Iran!

6 days ago

paktua73

congrat too all who still stand fight on red sea..
tak kira sama ada anda baru loading today or holding since 2023..
you're the winner soon..


tut tut
we fight on what we believe that we will win at the end

6 days ago

1pingpong

1000++ counter in red.. It's a sign.

6 days ago

1pingpong

not momentum to push up. will further down likely.

6 days ago

metaverse

银河国际证券：目标价：1.15令吉。进入2024财年，我们预计公司的Zetrix代币业务将增至1亿4300万令吉，占总营收的18%。至于马中贸易平台ZTrade，无疑是个重要里程碑，因为超越其他国家率先推出平台。

博主评语：银河国际证券的目标价1.15令吉看起来不是很靠谱。加密货币（除了比特币），都是昙花一现。新加坡淡马锡控股，耗资2.75亿美元，投资FTX加密货币。结果被 Sam Bankman Fried 搞到血本无归。马云的阿里巴巴淘宝是马中贸易最好的平台。可是我们的政府又搞一大堆的网购税，ZTrade应该也是没有康头。MYEG是前朝政府推行的《官商模型》。新官上任三把火，现在是火箭当家，这些官商模型，今非昔比，已经被时代淘汰。

https://klse.i3investor.com/web/cube/blog/blposts/mindfullness/metaverse

6 days ago

lordmaster

春哥！让我们证明反对者是错的。赶快！强者来了💪💪💪

6 days ago

1pingpong

smartmoney is zeroooo still

6 days ago

James_Bond

Collected back myeg at 0.78! Cheers!

6 days ago

lordmaster

淳哥！加油！强者来了！ 💪💪💪

6 days ago

James_Bond

Comrades, let’s paint the myeg town green!

6 days ago

lordmaster

来了！Choon哥加油！ 💪💪💪

5 days ago

James_Bond

Collected 0.775! Thank you very much!

5 days ago

JJPTR

To MyEg die hards, i have one question to ask. If you look at MyEg qtrly result. Very beuatiful. But before that , Short term loan is 142m rgt . Long term loan is $704m rgt. Assuming effective loan interest is 7%, that means interest charges per year is about $59.2m. Now if you take a look at MyEg last 4 qtrs profits, PBT and PAT are pratically the same. Dont MYEG have to pay tax? Do I miss something?

5 days ago

EngineeringProfit

Nothing. You're 100% correct. I've warned them not to waste time here

5 days ago

1pingpong

This respond from ISrael is still pending - Any firing of rockets in reply will cause another tank in Bursa. By then - its the real Black Friday.

5 days ago

1pingpong

And some more we all see KWAP and EPF big buy in...if we follow these 2 track record...you will want to do the contrary from them.

5 days ago

1pingpong

And not be deceived by false breakout of small push as to lure buy in and then sudden tank...which is too common..

5 days ago

EngineeringProfit

No, they support the price to escape high price- maximising profits. Yes, don't be gullible

5 days ago

benykp

Jjptr:

Pbt. Before that is PBIT. (11m last quarter)
Tax was 551k last quarter.

5 days ago

1pingpong

When the push is real, the stat will appear net selling. When the dump is real, the net will show buying. The art of Flushing.

5 days ago

1pingpong

One tend to learn more when loosing than winning. especially in the hundred of thousands.

5 days ago

1pingpong

4.45pm - 5.00pm is the window for magical intervention and revelation of clear direction

5 days ago

1pingpong

ok, i am actually bored. be off to starbuck for a drink.

5 days ago

swimvshark

pingpong really match your words... talk = no talk= talk cock. roti canai is your nick name.

i can tell you it will go up before it go down. Y? bcos kwsp and epf bought too much to support it. if i were in thier shoe, sure frie up and sell slowly. nobody sell at floor price... mark my words

4 days ago

ignissimia

@JJPTR and @benykp@

MYEG is very shrewd in its tax management and is able to enjoy a lot of tax incentives offered by the government, so much that the effective cummulative tax rate paid for the financial year 2023 is only 0.29% compared to the standard 24%.

Read Note B5 in the latest Qtr Report on Taxation.

4 days ago

swimvshark

as for JJPTR, some time earn money is not follow on facts. u see JJPTR scam so big also earn alot of money. no logic inside. just pure tactic only.

4 days ago

1pingpong

Hey long time no see Tan Sri swimvshark. Hows your 1000 pax strong company? Hope you doing well as usual. Ya, my apology, Tan Sri, I dint know u are buying this counter also.

4 days ago

metaverse

赖清德5月20日就职典礼。北京在台湾选前曾警告，赖清德的当选将引发两岸冲突的“极端危险性”，将使台湾“离战争、衰退越来越近”。

https://www.tradingview.com/chart/XAUUSD/9tbwrAZg-Time-Cycle-Analysis-Gold-Spot-USD/

4 days ago

ignissimia

It may be note worthy to know that both EPF and KWP made their last disposals of MYEG shares 2 days apart on 18 and 20 March 2024 respectively.

On 18 March 2024 EPF actually ceased to be a Substantial Shareholder of the counter after unloading 4,535,000 shares but regained the SS status on 27 March after acquiring 3,500,000 new shares.

So far, EPF has made new share acquisitions on 1 day in March and 3 days in April totalling 14,257,000 units.

KWP has acquired new shares on 2 days in March and 4 days in April totalling 9,274,800 units.

4 days ago

Tenka226

This time is MOA?

https://www.thestar.com.my/business/business-news/2024/04/17/myeg-signs-teaming-agreement-with-heitech

4 days ago

paktua73

morning..sailaing_now..
paktua wish on coming week myeg can break new High..



tut tut
more focus on new ipo stock

4 days ago

Blue Tulip

Goreng, jangan tak goreng when the time comes!

4 days ago

EngineeringProfit

Don't waste time here. Go make profits in hibiscus, etc etc

4 days ago

James_Bond

Israel attacking Iran! Run for your life!

4 days ago

ignissimia

I missed the latest share acquisition of 2,821,100 units by KWP on 17 April in my summary yesterday. So total new shares bought since their last disposal is 12,095,900.

4 days ago

paktua73

wow ada harapan get rm0.75 to rm0.76?



tut tut
wait on afternoon

4 days ago

1pingpong

0.72 maybe can get this time...maybe

4 days ago

EngineeringProfit

Don't waste time here. Come and make profits together in BMgreen

3 days ago

1pingpong

its not the bottom yet.. Wait next week

3 days ago

Tenka226

If it fell through 75 cents, then it might reach 72 cents ..

2 days ago

1pingpong

dumping still ongoing. Yet to reach bottom.

1 day ago

sailang_now

The worse is over since it can't go down? Already touched 0.785 today, don't let EPF & KWAP grab all the cheap Myeg shares from IBs/Operator. With Myeg launching new Ztrade China import/export services in May & Bro Wong announcing more goodies like 1.68 sen dividend in AGM etc. Market is just waiting to retest resistant 0.83-0.85 soon?...tut tut

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 0.78
Price 0.78/0.785
Verdict: Uptrend is still intact!

Myeg Milestones
https://www.digitalnewsasia.com/tags/myeg

4 hours ago

Tenka226

Now I don't think it will drop to 72 cents anymore as EPF was supporting the price

3 hours ago

sailang_now

Big Tech leads the way? That why EPF & KWAP buys Big! So can you...tut tut

https://www.thestar.com.my/business/business-news/2024/04/23/asian-shares-extend-gains-ahead-of-tech-earnings-yen-fragile

8 minutes ago