MY E.G. SERVICES BHD
KLSE (MYR): MYEG (0138)
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Last Price
0.785
Today's Change
+0.015 (1.95%)
Day's Change
0.78 - 0.79
Trading Volume
3,981,300
Meeting
| Ann. Date | Date | Time | Type | Venue | View |
|---|
Discussions
58 people like this. Showing 50 of 57,793 comments
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
https://www.theedgemarkets.com/article/s5-systems-clears-air-political...
Politics at play...
1 week ago
@ HaroldHuong Only GOD know. But this counter is really good for trading practice in my opinion
1 week ago
Indonesia lifts workers’ entry ban
https://www.thestar.com.my/news/nation/2022/07/29/indonesia-lifts-work...
1 week ago
Whales are collecting silently, the more you sell the more they collect. And they resell you at RM1+ again :D
1 week ago
It's OK as long as your margin of safety is high. This counter provide good training for trading. Hehe
1 week ago
Looks like syndicate is buying and selling from right to left. Luring bilis to come in.
6 days ago
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
5 days ago
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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4 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
3 days ago
2 days ago
Wwlun6631 is a stopid and holanddd shark hahaah
Jerichomy
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
3 days ago
37 seconds ago
2 days ago
Jerichomy
What's make you so tension, I'm still queue-ing to collect more LOL
Not letting go until RM1+
2 days ago
Don't be over emotional when come to stocks, little up and down wanna penalize someone else. Yikes..
Just be responsible for own decision & own money, don't be too salty <3
Just sharing opinions here, for me current price is still reasonable and collectable.
Sifu Jericho, you jealous?
2 days ago
Ganjiong what -,- u really so tension, im still queue-ing at RM0.74
The more it fall, the more happy i am. Because i get to collect more ticket with cheaper price.
As a long term holder, why ganjiong against short term fluctuation.
You treated this as a short of profit ; i treated this as an opportunity (collect from low)
16 hours ago
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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