MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.81

Today's Change

+0.02 (2.53%)

Day's Change

0.81 - 0.83

Trading Volume

37,070,300

Financial
Market Cap

Market Cap

6,082 Million

NOSH

7,508 Million

Latest Quarter

Latest Quarter

31-Dec-2023 [#4]

Announcement Date

28-Feb-2024

Next Quarter

31-Mar-2024

Est. Ann. Date

30-May-2024

Est. Ann. Due Date

30-May-2024

QoQ | YoY

25.14% | 100.94%

T4Q Result

Revenue | NP to SH

774,276.000 | 487,652.000

RPS | P/RPS

10.31 Cent | 7.85

EPS | P/E | EY

6.49 Cent | 12.47 | 8.02%

DPS | DY | Payout %

1.93 Cent | 2.38% | 29.70%

NAPS | P/NAPS

0.30 | 2.73

QoQ | YoY

18.3% | 22.31%

NP Margin | ROE

62.88% | 21.88%

F.Y. | Ann. Date

31-Dec-2023 | 28-Feb-2024

Latest Audited Result

Latest Audited Result

31-Dec-2022

Announcement Date

28-Apr-2023

Next Audited Result

31-Dec-2023

Est. Ann. Date

28-Apr-2024

Est. Ann. Due Date

28-Jun-2024

Annual (Unaudited)

Revenue | NP to SH

774,276.000 | 487,652.000

RPS | P/RPS

10.31 Cent | 7.85

EPS | P/E | EY

6.49 Cent | 12.47 | 8.02%

DPS | DY | Payout %

1.90 Cent | 2.35% | 29.24%

NAPS | P/NAPS

0.29 | 2.77

YoY

22.31%

NP Margin | ROE

62.88% | 22.24%

F.Y. | Ann. Date

31-Dec-2023 | 28-Feb-2024

Annualized Result

Revenue | NP to SH

774,276.000 | 487,652.000

RPS | P/RPS

10.31 Cent | 7.85

EPS | P/E | EY

6.49 Cent | 12.47 | 8.02%

DPS | DY | Payout %

-

NAPS | P/NAPS

-

QoQ | YoY

8.37% | 22.31%

NP Margin | ROE

62.88% | 22.24%

F.Y. | Ann. Date

31-Dec-2023 | 28-Feb-2024

Business Process

Trailing 4 Quarters Trailing 8 Quarters
Available Quarters 4 Quarters 8 Quarters
Continuous Quarters Of Revenue Growth 4 / 4 100.00% 7 / 8 87.50%
Total Positive Profit Years 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Positive Profit 4 / 4 100.00% 8 / 8 100.00%
Continuous Quarters Of Profit Growth 4 / 4 100.00% 4 / 8 50.00%
Continuous Quarters Of Adjusted EPS Growth 4 / 4 100.00% 4 / 8 50.00%
Total Dividend Years 2 / 4 50.00% 4 / 8 50.00%
Continuous Quarters Of Dividend 1 / 4 25.00% 1 / 8 12.50%
Continuous Quarters Of Dividend Growth 0 / 4 0.00% 0 / 8 0.00%
Continuous Quarters Of Adjusted Dps Growth 1 / 4 25.00% 1 / 8 12.50%
Average ROE 5.86% 5.64%
Average Net Profit Margin 62.62% 62.08%

Last 5 Financial Years Last 10 Financial Years
Available Years 5 Years 10 Years
Continuous Quarters Of Revenue Growth 1 / 5 20.00% 1 / 10 10.00%
Total Positive Profit Years 5 / 5 100.00% 8 / 10 80.00%
Continuous Quarters Of Positive Profit 5 / 5 100.00% 5 / 10 50.00%
Continuous Quarters Of Profit Growth 3 / 5 60.00% 3 / 10 30.00%
Continuous Quarters Of Adjusted EPS Growth 3 / 5 60.00% 3 / 10 30.00%
Total Dividend Years 5 / 5 100.00% 8 / 10 80.00%
Continuous Quarters Of Dividend 5 / 5 100.00% 5 / 10 50.00%
Continuous Quarters Of Dividend Growth 3 / 5 60.00% 3 / 10 30.00%
Continuous Quarters Of Adjusted Dps Growth 3 / 5 60.00% 3 / 10 30.00%
Average ROE 26.28% 24.45%
Average Net Profit Margin 53.82% 39.59%
Key Result

T4Q Annualized Annual (Unaudited) Last 10 FY Average Last 5 FY Average
Revenue 774,276 774,276 774,276 449,576 655,573
NP to SH 487,652 487,652 487,652 224,851 355,022
Dividend 144,831 142,601 142,601 68,352 102,366
Adjusted EPS 6.49 6.49 6.49 2.99 4.73
Adjusted DPS 1.93 1.90 1.90 0.91 1.36

NP to SH = Net Profit Attributable to Shareholder, EPS = Earning Per Share, DPS = Dividend Per Share

All figures in '000 unless specified.

EPS & DPS's figures in Cent.

Growth

LQ QoQ LQ YoY CQ YoY LQ vs Average of T4Q LQ vs Average of T8Q
Revenue 14.39% 34.57% 18.90% 14.72% 24.62%
NP to Owner 25.14% 100.94% 22.31% 23.17% 35.53%
Dividend 0.00% 39.24% 29.70% 248.37% 296.05%
Adjusted EPS 25.14% 100.94% 22.31% 23.17% 35.53%
Adjusted DPS 0.00% 39.24% 29.70% 248.37% 296.05%

LQ = Latest Quarter, CQ = Cumulative Quarter, T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, QoQ = Quarter on Quarter, YoY = Year on Year

T4Q vs LFY T4Q vs AL5FY T4Q vs AL10FY AQR vs LFY AQR vs AL5FY AQR vs AL10FY LFY YoY LFY vs AL5FY LFY vs AL10FY
Revenue 0.00% 18.11% 72.22% 0.00% 18.11% 72.22% 18.90% 18.11% 72.22%
NP to Owner 0.00% 37.36% 116.88% 0.00% 37.36% 116.88% 22.31% 37.36% 116.88%
Dividend 1.56% 41.48% 111.89% 0.00% 39.30% 108.63% 29.70% 39.30% 108.63%
Adjusted EPS -0.08% 37.25% 116.71% 0.00% 37.36% 116.88% 22.31% 37.36% 116.88%
Adjusted DPS 1.62% 41.56% 112.00% 0.00% 39.30% 108.63% 29.70% 39.30% 108.63%

T4Q = Trailing 4 Quarters, T8Q = Trailing 8 Quarters, AL5FY = Average of Last 5 Financial Years, AL10FY = Average of Last 10 Financial Years, LFY = Latest Financial Year AQR = Annualized Quarter Result, YoY = Year on Year

Discussions
64 people like this. Showing 50 of 65,245 comments

charlie chia

Thks Sailang for your sharing

1 week ago

CarolineTeoh

MYEG's Q4 result is out next week?

1 week ago

EngineeringProfit

EPF doesn't allow sharks to goreng this counter yet. Play other counters first lah...........

1 week ago

icecool

@EngineeringProfit yeah need to invite everyone to goreng this myeg

1 week ago

OrlandoOilWeb3AI

Japan slow into the game... but into it


Crypto progress

Japan inched closer to allowing venture capital firms and other investment funds to hold digital assets directly, after Prime Minister Fumio Kishida’s administration approved the text of a bill on Feb. 16 that seeks to partially amend the country’s industrial competitiveness enhancement act. Kishida’s agenda for reinvigorating the economy includes support for the growth of so-called web3 firms, a term that refers to a future, decentralized version of the internet underpinned by blockchain technology. Compared to other regions Japan is viewed as having strict regulations for the digital-asset sector, but has moved toward easing some crypto rules in areas such as token listings and taxation.

1 week ago

paktua73

morning...
paktua now wait back to load at rm0.78 n below..


tut tut
waiting...

1 week ago

paktua73

yes rm0.78 arrived..
let swallow it for 43 stage..


tut tut
now wait final relaod at rm0.76

1 week ago

ken2004

So break the support level already now?

1 week ago

Myinvestment88

Collected 0.77 & 0.78
Tomorrow going up💪🏻

1 week ago

Shines

Say everything good on MYEG side, why throwing today? QR Results not as expected?

1 week ago

paktua73

morning..
paktua set rm0.76 as final reload..

tut tut
already have partially evp at rm0.78

1 week ago

EngineeringProfit

I follow u set lah. Just to get little profits

1 week ago

paktua73

afternoon all myeg believes

paktua still waiting hit rm0.76..



tut tut
now already hold ae evp rm0.78

5 days ago

Mikecyc

Haha The most despicable one is Kacukan Tipuu TutTut ( Paktua 73 ) / Sting 🦂 ray / 🐍sawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu :

5 days ago

paktua73

hehehe...
paktua cannot agree more then what mikeCc aka tut tut clone bring up..
all is true nothing is not true..


Haha..
paktua betulkan sikit yer .
haha The most despicable one is Kacukan Tipuu TutTut ( Paktua 73 n Mikecyc)mikeCC ,after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu


tut tut
real Kacukan Tipuu TutTut ( Paktua 73 n Mikecyc)mikeCc
hehe

5 days ago

Mikecyc

Haha The most despicable one is Kacukan Tipuu TutTut ( Paktua 73 ) / Sting 🦂 ray / 🐍sawa after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu :



Posted by willsmith > 10 minutes ago | Report Abuse



Paktua73, you also conman what. ASk people join your forum, say free then charge rm100 , then dissappear,


——

Stingray posts : Ularsawa Sifu

Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2022-08-18 09:18 | Report Abuse



Selamat pagi Paktua. Round ketiga untuk dapat KFC dari Energen. semalam masuk 0.73 dan keluar pagi tadi 0.78. kikiki.



Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2022-08-17 22:37 | Report Abuse



Ular... you old member. no fees. Wakaka. no lah... Paktua don't charge any fees. a channel to share info and not quarrel.



Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD
2022-08-17 22:33 | Report Abuse



Ular... jom join Paktua telegram group.


——


Stock: [HENGYUAN]: HENGYUAN REFINING COMPANY BERHAD
2022-08-24 15:23 | Report Abuse



Paktua73, you also conman what. ASk people join your forum, say free then charge rm100 , then dissappear,

—-


Posted by paktua73 > 2022-08-24 15:27 | Report Abuse

hahaha willsmith paktua welcomed you zakar.. 
when to meet come meet face to face.. 
paktua always in rsgc.. 


tut tut 
paktua not bla bla one

5 days ago

paktua73

yes true n agree with tut tut aka mikeCC..
all mikeCC say all true..


Haha..
paktua betulkan sikit yer .
haha The most despicable one is Kacukan Tipuu TutTut ( Paktua 73 n Mikecyc)mikeCC ,after got Attention in TSH …play Wayang on Recruitment , Telegram RM 100 membership fees pun mau main Tipuu Tipuu


tut tut
real Kacukan Tipuu TutTut ( Paktua 73 n Mikecyc)mikeCc
hehe

5 days ago

paktua73

paktua love mike aka paktua73 twin..
tq..tq..mikeCc aka tut tut clone..
thanks MikeCc..
reveal thats we both do take fee on 2022..

iyaa MikeCc don't be shy laa..
admit laa you is paktua73 twin maa..
most conman in i3 kan?..

comeonlaa mikeCc you ask for fee rm100 laa
lupakaa yaaa kan?
kiki

tut tut
real Kacukan Tipuu TutTut ( Paktua 73 n Mikecyc)mikeCc
hehe

5 days ago

paktua73

morjing myeg believer...
myeg still good for swing


tut tut
on right level laa

2 days ago

sailang_now

Morning...Myeg's on the right track...Sarawak, Hong Kong, Philippines, China, Malaysia E-Government Services...The sky's the limit! Those with Diamond 💎💎💎💎💎💎💎💎 hands will win...tut tut
https://www.thestar.com.my/business/business-news/2024/02/23/bursa-could-rise-on-wall-st-rally-fresh-optimism-from-corporate-earnings

1 day ago

keepup

lets see zetrix will bring in how many profit for coming QR. or maybe bad QR???

1 day ago

hng33

Use all balance margin line, added all to myeg at 78.5sen

1 day ago

miji

tomorrow fly...

1 day ago

hng33

swap more capital free from uems ro myeg, added more myeg at 79.5sen

1 day ago

lordmaster

顺哥加油!强者来了!💪💪💪

23 hours ago

charlie chia

Q result shd be out by today

22 hours ago

swimvshark

my predict this can easy break 0.84 in no time... just see zetrix from usd 4 to usd 14 then u know

21 hours ago

U1818

And e-Driving Test is on the way ;D

20 hours ago

sheep

Cakap cakap nanti macam armada..menjunam air terjun. Wakaka.. wakaka

18 hours ago

hng33

I have all free up capital today from uems, hlc, and mflour to add more myeg, all at 79.5sen today.

17 hours ago

sailang_now

Just follow EPF...tut tut

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD | https://www.klsescreener.com/v2/announcements/view/6593607

17 hours ago

smartly

sui sui. tomorrow will fly liao

15 hours ago

smartly

got 1.68sen dividend some more

15 hours ago

smartly

alright, make sure this round you don't sell 1, 2c la....since you are so optimistic, make sure this round 10 or 20c profit only sell yah.... lol

14 hours ago

sailang_now

Congratulations Team Myeg & Mr. Wong! Keep up the good work!...

The Group posted Revenue and Profit after Taxation (“PAT”) of RM222.06 million and RM150.05 million respectively for the fourth quarter financial period ended 31 December 2023 (“Q4 FY2023”) as compared to RM155.99 million and RM74.83 million respectively in the corresponding quarter last year (“Q4 FY2022”). 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 assetexchanges. For the financial year ended 31 December 2023 (“12M FY2023”), the Group recorded Revenue of RM774.28 million as compared to RM642.16 million in the corresponding period (“12M FY2022”). This represents an increase of RM86.44 million (20.57%) in Revenue. PAT for 12M FY2023 increased by RM50.07 million (21.59%) to RM486.84 million as compared to RM400.40 million achieved in 12M FY2022. The increase in Revenue and PAT is primarily attributable to: (i) contribution from newly launch services from our Zetrix blockchain platform; (ii) contribution from the sale of Zetrix tokens; (iii) the Initial Exchange Offering (“IEO”) of Zetrix tokens on 3 major global digital assetexchanges; (iv) the full 12 months of contribution from the existing concession and commercial services; and (v) increase in foreign worker job matching service due to uplifting of freeze on foreign worker recruitment.

13 hours ago

sailang_now

For the Quarter under review, the Group recorded a Revenue of RM222.06 million as compared to the preceding quarter Q3 FY2023 Revenue of RM194.12 million. The Group’s PAT amounted to RM150.05 million in Q4 FY2023 as compared to Q3 FY2023 PAT of RM120.10 million. The increase in Revenue of RM27.94 million (14.39%) and PAT of RM29.95 million (24.94%) was primarily due to: i) contribution 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 assetexchanges. 11 B3. Prospect of the Group For the financial year ending 31 December 2024 (“FYE2024”), MYEG expects to continue introducing innovative services by leveraging on new technologies, specifically blockchain or Web 3.0 in Malaysia as well as globally, to drive our organic growth for FYE2024. With its Layer 1 blockchain platform namely Zetrix coming online, there is a huge potential for MYEG to commercialise innovative services as Web 3.0 becomes widely adopted. Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely “Xing Huo” which will allow ease of cross border trade to take place and it will be the Group’s foray into the global market. Barring any unforeseen circumstances, the Board is cautiously optimistic that the long-term outlook for MYEG remains positive as we continue to introduce innovative services in Malaysia as well as globally.

13 hours ago

sailang_now

Don't sell cheap! Grab anything below 0.83. Tomorrow should retest Resistant 0.83. Believe it or not?...
https://theedgemalaysia.com/node/702771
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 0.79
Price 0.79
Verdict: Uptrend is still intact!

11 hours ago

smartly

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.

11 hours ago

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?...

10 hours 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

3 hours ago

BursaKakis

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

2 hours ago

OrlandoOilWeb3AI

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

1 hour ago

paktua73

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


tut tut
stand fight with own method..

1 hour 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

27 minutes 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?

3 minutes 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 minutes ago

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