MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.985

Today's Change

-0.025 (2.48%)

Day's Change

0.98 - 1.02

Trading Volume

55,084,900

Market Buzz
Discussions
67 people like this. Showing 50 of 66,537 comments

icst1975

The profit contribution from MYEG’s Zetrix blockchain platform, including Ztrack, has been significant. In the first quarter of FY24, MYEG’s normalized earnings jumped by 47.2% year-over-year to RM156.0 million, with Zetrix contributing approximately 30% of the earnings forecast.
Zetrix platform launched in China in 2023 has direct cross-border and cross-chain integration to China’s blockchain platform. This enables Zetrix to serve as a blockchain gateway that facilitates global trade, deploying critical building blocks for Web3 services with a total of 374,255 registered accounts since its launch.
MYEG Services has seen high growth in the Philippines. The first four months of 2024 witnessed a 101% increase in transactions compared to the same period in 2023, indicating sustained momentum and expansion of digital solutions acceptance among stakeholders. This growth is part of MYEG’s broader success, which includes a substantial increase in profits and revenue attributed to its blockchain business, including Zetrix.

5 days ago

Gokurek

Zetrix > BTC

5 days ago

U1818

https://www.myeg.com.my/investor-relations/general-meetings

有什么问题要问 MYEG 管理层吗?下个星期二是 AGM,在 MYEG 的网页,General Meeting 那里有一个提问问题的 link。

5 days ago

icst1975

ZTrade is a cross-border trade facilitation service that uses Web3 and Artificial Intelligence (AI) to connect China with its trading partners. It runs on the Zetrix layer-1 blockchain platform and offers a faster and more seamless trading experience, especially for exporters to China. One of its key features is digitizing the Certificate of Origin, which is essential for verifying the country of origin of goods being exported

5 days ago

pang72

Tmr is the day of Ztrade!

5 days ago

pang72

Selling is overdo, time to rebound strongly

5 days ago

keluarpattern

冲冲冲

5 days ago

pang72

https://www.sinchew.com.my/news/20240619/nation/5694124

Welcome China Premier Li Qiang visiting Malaysia

4 days ago

keepup

look like market not positive on it??

4 days ago

OrlandoWeb3AI

With Li Qiang commencing his visit to Malaysia on Tuesday, Maybank IB posits that MYEG’s blockchain-based ZTrade platform could gain substantial traction following the signing of official documentation between Malaysia’s Ministry of Finance and the General Administration of Customs China on Wednesday.

ZTrade enables the digitalisation of trade clearance and tariff computation to cut processing time by up to 50%.

"We have yet to impute for potential ZTrade earnings accretion into our forecasts for MYEG, as cross-border trade volume is harder to ascertain (versus publicly available trade value statistics). Similar to MYEG’s Zetrix token sales business, we expect ZTrade’s net operating margins to be in the 90-95% range," Maybank IB said in a note on Wednesday.

4 days ago

OrlandoWeb3AI

... following the signing of official documentation between Malaysia’s Ministry of Finance and the General Administration of Customs China on Wednesday.

4 days ago

U1818

https://www.klsescreener.com/v2/news/view/1344397/myeg-ep-manufacturing-eco-world-dialog-aax-seen-reaping-benefits-of-china-premier-s-visit-to-malaysia

MyEG, EP Manufacturing, Eco World, Dialog, AAX seen reaping benefits of China premier’s visit to Malaysia

With Li Qiang commencing his visit to Malaysia on Tuesday, Maybank IB posits that MYEG’s blockchain-based ZTrade platform could gain substantial traction following the signing of official documentation between Malaysia’s Ministry of Finance and the General Administration of Customs China on Wednesday.

ZTrade enables the digitalisation of trade clearance and tariff computation to cut processing time by up to 50%.

4 days ago

sailang_now

The taxman is coming? Better take profit first?... tut tut

LHDN says has identified individuals, companies involved in crypto trading.
https://theedgemalaysia.com/node/715951

4 days ago

Tenka226

How the LHDN tracks those who profit from cryptocurrencies ?

4 days ago

U1818

https://www.klsescreener.com/v2/news/view/1344467

李强访马深化投资 5公司料成大赢家

1. MyEG
潜在利好:ZTrade跨境贸易促进平台正式推出

MyEG以区块链技术为基础的ZTrade平台,可能会在马中双方于今日正式签署相关文件后,显著加快发展。

ZTrade平台让贸易通关和关税计算数字化,可以将处理时间缩减最多50%。

在今日签约后,大马农业和食物安全部也将宣布,使用ZTrade为官方管道,向中国发放农业认证,这可能包括出口准证和其他的准证。

分析员仍未将ZTrade的潜在盈利贡献,纳入MyEG的未来盈利预测中,毕竟跨境贸易量难以预测。

中国已经连续15年成为大马的出口伙伴,而去年马中双边贸易一共占本国总体跨境贸易的17%。

4 days ago

icst1975

Companies with MSC status recognition enjoy significant tax incentives. Key benefits:

100% Tax Exemption: MSC-status companies receive a 100% tax exemption on their taxable statutory income. This exemption is renewable for up to 10 years from the date the company starts generating income.
Investment Tax Allowance (ITA): MSC-status companies can also benefit from the ITA, which provides a 100% deduction on qualifying capital expenditure.
Additionally, there’s a new outcome-based tax incentive called the Malaysia Digital (MD) Tax Incentive. It encourages investments in high-growth tech areas. The MD Tax Incentive aligns with international standards and offers reduced tax rates or investment tax allowances for eligible companies undertaking qualifying activities.

4 days ago

icst1975

Zetrix 促进了全球不同国家之间的贸易.
Zetrix是一家领先的公共区块链平台。Zetrix促进了各国之间的跨境贸易。最近,MYEG与中国银行合作推出了一个试点项目,为国际进口商和出口商提供供应链融资产品。该举措旨在提供更高效、更便利的跨境金融服务。此外,Zetrix的去中心化应用程序ZTrade通过数字化原产地证书,使出口商向中国更快、更无缝地进行跨境交易。因此,Zetrix不受特定国家之间贸易的限制;它旨在通过利用区块链技术和Web3服务的关键构建块来支持全球贸易。

4 days ago

icst1975

Zetrix facilitates trades between different countries worldwide.
Zetrix is a leading public blockchain platform. Zetriz facilitates cross-border trade between countries. Recently, MYEG launched a pilot project in conjunction with the Bank of China to offer supply chain financing products for international importers and exporters. This initiative aims to provide more efficient and convenient cross-border financial services. Additionally, Zetrix’s decentralized application, ZTrade, enables faster and seamless cross-border trading experiences for exporters to China by digitizing their Certificates of Origin. So Zetrix is not restricted to trade between specific countries; it is designed to support global trade by leveraging blockchain technology and critical building blocks for Web3 services.

4 days ago

U1818

Today's announcement, EPF come back as major shareholfer again ;D

4 days ago

U1818

Should you worry about paying taxes if you make a lot of money, or avoid making a lot in order to pay less taxes?

4 days ago

OrlandoWeb3AI

MYEG is NOT trading in cryptocurrency

MYEG is an issuer of cryptocurrency

When a listed company issues shares it is not subject to income tax

When a shares trader trades the company shares he is subject to tax.. but in Malaysia at the moment

Any better to ask MYEG during AGM

4 days ago

OrlandoWeb3AI

*not

4 days ago

OrlandoWeb3AI

*anyway

4 days ago

OrlandoWeb3AI

You know Zetrix is something when it is brought up in a ceremony during a Premier visit

4 days ago

pang72

在今日签约后,大马农业和食物安全部也将宣布,使用ZTrade为官方管道,向中国发放农业认证,这可能包括出口准证和其他的准证。

Look like Ztrade agreement signed today!

4 days ago

pang72

Ministry of Agriculture kick start the 1st export deal? DURIAN, I GUESS

4 days ago

pang72

Tmr, hoseh jo

4 days ago

pang72

Analysts has yet to factor in Ztrade into target price already TP1. 60
If Ztrade included will be how high?

4 days ago

U1818

@pang72, at least 3 to 4 story high in near term, ~~ RM3.50 (Malaysia), after all RCEP countries adopted RM35 ;D

4 days ago

hhhiii123

hehe, tomorrow show time

4 days ago

beinvested

Recently, EPF ceased to be the substantial shareholder. Today, it filed the Notice for substantial shareholder. Means, it bought back the shares on 13 June.

At another time, there appeared like it sold at the higher price and bought back at the lower price before the closing.

4 days ago

laulau

Yes! Follow EPF/KWAP to Sell Myeg on News! Buy on Rumours!. For those who already took profit? Remember Pestech Aerotrain contract termination? Government is good at backtracking as Pestech is currently back on Aerotrain Project in JV with IJM. Iris substantial shareholder Dato' Robin's father is TSVT who enjoys good relationship & lobby with present Govt & Royalty. Iris could also comeback into Niise Project through a JV with the successful bidder as Immigration is still using Iris Border Security Management Equipment & Systems. Arbitration with Government on quantum of compensation for Iris on Niise termination is also ongoing? Otherwise why the long delay to announce the successful bidder?
https://www.freemalaysiatoday.com/category/nation/2024/01/19/no-govt-interference-says-loke-as-pestech-back-in-aerotrain-project/

4 days ago

hng33

bought back myeg at 1.04

3 days ago

CarolineTeoh

I wait below Rm1 ...safer

3 days ago

hhhiii123

still hold, wait for breakout to topup, hehe

3 days ago

laulau

Good idea!
CarolineTeoh

I wait below Rm1 ...safer

As long as EPF & KWAP keeps on selling supported by IBs who keeps on issuing Call Warrants on a monthly basis, Myeg would not move much. Also we need to see how Myeg deals with it's tax obligations for Zetrix token profit? Income tax may review Myeg's Income declaration for penalties or raise additional tax which will affect its bottom line?
If free, take a look at Iris, Kobay for Tech & DC play or Engtek for Water & DC play as associated with Ranhill & YTL power play. We can always come back later to Myeg after the dividend & share reinvestment plan?

3 days ago

keepup

foreign fund gone?

2 days ago

sailang_now

Looks like it. Godzilla already left with most of the Swing Traders including Paktua after the Climax at 1.15, otherwise EPF/KWAP won't be disposing regularly. Hope support at 1.01 holds otherwise will go below 1.00...tut tut

Highest 1.15
Support 1.01
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Resistant 785
Price 1.03
Verdict: Downtrend?

2 days ago

hng33

cut at 1.03, better wait for NIIS award impact first

2 days ago

laulau

Wise move. Buy Iris, Kobay or Engtex got positive momentum. We will revisit Myeg later?

2 days ago

Tenka226

Ya, revisit Myeg when the price is less than Rm1

2 days ago

hng33

Kwp continue selling, kwp fund manager also selling, myeg CEO also selling direct share to company.... EPF selling and trading, now ease less 5%, everyone is waitinvg for NIIS outcome which risk myeg losing 2/3 immigration business after 2 year extensions lapse

2 days ago

kkl123

This counter down because of PM LEE arriving
Will up up up because HE already leaving.
Monday buy back

2 days ago

U1818

https://www.myeg.com.my/investor-relations/general-meetings

MYEG AGM, 25-6-2024, 10am ~ ~ Tomorrow is the last day to submit questions to MYEG ;D

2 days ago

icst1975

In the first quarter of 2024, MY E.G. Services Bhd (MYEG) experienced a significant boost in net profit, rising by 47.09% to RM155.83 million compared to the same period last year. This growth was primarily driven by contributions from its Zetrix blockchain platform services and the sale of Zetrix tokens. The company’s revenue also increased by 34.49%, reaching RM232.96 million during Q1 202412. MYEG expects to continue introducing innovative services leveraging blockchain technology (specifically its Layer 1 blockchain platform, Zetrix) to drive organic growth in 2024. Additionally, Zetrix has been integrated with China’s national blockchain platform, “Xing Huo,” allowing cross-border trade and expanding MYEG’s global reach. The long-term outlook for MYEG remains positive as they continue to introduce innovative services both in Malaysia and globally.

2 days ago

sg999

MYEG become mygg?

1 day ago

Sanabeng

No worry, sure MyEG will become penny stock again.

1 hour ago

sailang_now

Already reached 0.985 & Myeg becomes a penny stock again! With no support by Bulls in sight since Godzilla already left?, will the Bears & IBs have the upper hand?...tut tut

Highest 1.15
Support?
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Resistant 0.785
Price 0.99~O.985
Verdict: Downtrend?

44 minutes ago

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