MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.805

Today's Change

+0.015 (1.90%)

Day's Change

0.80 - 0.83

Trading Volume

127,228,300

Details of Changes
Securities After Change
Transactions
Ann. Date Name Details of Changes Securities After Changes
Date Type No. of Shares Price Direct (%) Indirect (%) Total (%)
Discussions
64 people like this. Showing 50 of 65,270 comments

hng33

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

2 days ago

miji

tomorrow fly...

2 days 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!💪💪💪

1 day ago

charlie chia

Q result shd be out by today

1 day 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

1 day ago

U1818

And e-Driving Test is on the way ;D

1 day ago

sheep

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

1 day ago

hng33

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

1 day 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

1 day ago

smartly

sui sui. tomorrow will fly liao

1 day ago

smartly

got 1.68sen dividend some more

1 day 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

1 day 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.

1 day 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.

1 day 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.

1 day 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?...

22 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

15 hours ago

BursaKakis

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

15 hours ago

OrlandoOilWeb3AI

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

14 hours ago

paktua73

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


tut tut
stand fight with own method..

13 hours 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

13 hours 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?

12 hours 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.

12 hours ago

Pang

EPF is back.

11 hours 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

11 hours ago

sailang_now

Already touched 0.83 today, the timing is just right for EPF/KWAP to buy cheap with the exit of weak holders for the run-up to the next wave? In the meantime serious investors can enjoy at least 1.68 sens final dividend per share...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 0.805
Price 0.81/0.815
Verdict: Uptrend is still intact!

11 hours ago

smartly

too heavy. can not fly.

11 hours 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 😊😍😎

10 hours ago

icecool

good QR limit up !

10 hours 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

10 hours 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

10 hours 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.

9 hours ago

icecool

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

9 hours ago

Pang

PEG: 0.004

9 hours 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

7 hours ago

UncleFollower

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

7 hours ago

hng33

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

6 hours 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

6 hours 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.

6 hours ago

smartly

like baby elephant, too heavy to push up.

5 hours 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!

5 hours ago

U1818

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

5 hours ago

sailang_now

Very true...let's wait for EPF's buy signal...after paying dividends on 3 March, EPF will concentrate on potential stocks like Myeg to generate returns for shareholders like you & me...

@U1818

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

5 hours ago

moneySIFU

对最新的成绩很满意👍

3 hours ago

maxlau1223

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

3 hours 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 hour 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 hour ago

moneySIFU

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

1 hour ago

lordmaster

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

54 minutes ago

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