MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.79

Today's Change

+0.005 (0.64%)

Day's Change

0.785 - 0.80

Trading Volume

15,695,200

Overview

Market Cap

5,971 Million

NOSH

7,508 Million

Avg Volume (4 weeks)

25,183,105

4 Weeks Range

0.765 - 0.815

4 Weeks Price Volatility (%)

50.00%

52 Weeks Range

0.685 - 0.915

52 Weeks Price Volatility (%)

45.65%

Previous Close

0.785

Open

0.785

Bid

0.79 x 8,441,500

Ask

0.795 x 1,055,000

Day's Range

0.785 - 0.80

Trading Volume

15,695,200

Financial Highlight

Latest Quarter | Ann. Date

31-Dec-2023 [#4] | 28-Feb-2024

Next QR | Est. Ann. Date

31-Mar-2024 | 30-May-2024

T4Q P/E | EY

12.16 | 8.22%

T4Q DY | Payout %

2.44% | 29.70%

T4Q NAPS | P/NAPS

0.30 | 2.66

T4Q NP Margin | ROE

62.88% | 21.88%

Company Profile

Sector: TECHNOLOGY

Sector: TECHNOLOGY

Subsector: DIGITAL SERVICES

Subsector: DIGITAL SERVICES

Description:

MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is primarily engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. The company also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services.

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

6 days ago

EngineeringProfit

I follow u set lah. Just to get little profits

6 days 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

1 day 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

17 hours ago

lordmaster

顺哥加油!强者来了!💪💪💪

17 hours ago

charlie chia

Q result shd be out by today

16 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

15 hours ago

hng33

Aside concession, Myeg ability to diversify its revenue base by expanding its non-concession businesses. Apart from fees generated from insurance renewals and foreign worker recruitment, the group also receives rental income from providing accommodation for foreign workers. Construction of additional foreign worker hostels is expected to commence in 1Q2024 — two in Johor (Tanjung Langsat and Muar), two in Selangor (Sungai Buloh and Rawang) and one in Penang (Batu Kawan). These hostels would accommodate about 30,000 workers and add to the existing two foreign worker hostels in Selangor and Melaka, each housing around 400 workers.

MYEG’s blockchain platform, Zetrix, would be the key revenue contributor when the platform becomes operational at end-2023, and will account for RM70 million to RM306 million of revenue between 2023 and 2025. The platform is expected to improve efficiency by shortening the administrative timeline for import- and export-related services between China and Malaysia. In this regard, MYEG signed a partnership agreement with the General Administration of Customs of China in March 2023 to jointly provide cross-border trade facilitation services that include issuing certificates of origin through Zetrix. As at end-June 2023, the group recorded RM33 million in revenue from its blockchain operation from private investors. In October 2023, it launched an initial exchange offering which would potentially generate about RM160 million annually. Currently, MYEG is the sole provider of this service to China and has first-mover advantage to mitigate any arising competition.

15 hours ago

U1818

And e-Driving Test is on the way ;D

14 hours ago

hng33

Currently, zetrix in circulation is around 83m, higher than pre IPO circulation 66m, worth USD 1.2 billion. Myeg have issue more than 6m new zetrix at market price around USD 10 on top of initial 1 m IPO price at USD 5 share since Oct 2023 till end of 2023. These have raise cash USD 60m or RM 270m cash to myeg coffer.

Myeg have further issue additional 10m new Zetrix coin at market price USD 10-14, raise further cash USD 100-140m or at least RM 500 cash in 2024 to arrive new circulation volume around 83m Zetrix coin in circulation now

12 hours ago

sheep

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

12 hours ago

hng33

Myeg control 55% stake in Zetrix, with balance stake from its China partner. Therefore, the above cash proceed will have x 0.55 attribute to myeg shareholder

12 hours ago

hng33

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

11 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

11 hours ago

smartly

sui sui. tomorrow will fly liao

8 hours ago

smartly

got 1.68sen dividend some more

8 hours ago

hng33

EPS double, but, more to come as MYEG was selling even more zetrix coin in Q1 2024 at much higher price.

In addition, next Q will resume concession profit from immigration which just renew in Jan 2024.

8 hours ago

hng33

Bear in mind, selling zetrix coin is just at infancy stage, total issuance only reach 83m or 4% of its entire coin.

MYEG will staggering selling zetrix coin to open market as long as price is above USD 5. Currently, zetrix fetch USD 14.3 in open market.

MYEG is gradully turning into huge cash rich company and have diversifying more on non conconssion business such as develop 30,000 foreign worker hostel across Penang, Selangor and johor from current 600 hotel in Melaka.

8 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

8 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.

7 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.

7 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!

5 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.

5 hours ago

hng33

Why current result only mainly contributed by zetrix instead of gov concession?

1. The Board of Directors of the Company (“the Board”) wishes to inform that MYEG has temporarily stopped accepting applications for the Immigration related services with effect from 15 September 2023 until further notice. This is to allow the finalisation of the terms of the concession with the Government of Malaysia (“the Extension”).

2. The Board of Directors of the Company (“the Board”) wishes to announce the completion of a system enhancement carried out as part of the requirements for the extension of the service granted earlier by the Ministry of Home Affairs. As such, MYEG is expected to resume accepting the online application for the Immigration related services with effect from 15 January 2024 (“Resumption of Services

Therefore, all immigration concession was stop on 15 Sept 2023 and resume only on 15 Jan 2024. Thus, next Q result will only add in more profit from resumption concession profit begin 15 Jan 2024 onward

4 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?...

4 hours ago

hng33

Bitcoin surpass 61k, zetrix coin up to USD 15.5 now. MYEG is now siting on gold mine as still have 96% zetrix coin waiting to monetise staggering for gradul higher zetrix coin selling price foeward

3 hours ago

Post a Comment