MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.77

Today's Change

-0.015 (1.91%)

Day's Change

0.765 - 0.78

Trading Volume

38,228,700

Corporate Figure or Shareholder
Discussions
58 people like this. Showing 50 of 57,793 comments

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

Jerichomy

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

PenditaAlam

Post removed.Why?

1 week ago

HaroldHuong

Can maintain above 0.760??

1 week ago

BarrettTeo

@ HaroldHuong Only GOD know. But this counter is really good for trading practice in my opinion

1 week ago

hornbill

Kakak & Abang can coming.

1 week ago

damiel92

renew road tax myeg

1 week ago

damiel92

renew insurance myeg

1 week ago

damiel92

renew labor permit myeg

1 week ago

damiel92

everything you can do in myeg

1 week ago

BarrettTeo

Nice. Go go go and see u at 80 cents again

1 week ago

LcKevinLee

以新加坡为基地的加密货币交易所Zipmex,向新加坡法庭申请破产保护。

加密货币,MYGG加油,勇气可嘉

1 week ago

BreakingNews

Buy

1 week ago

wlun6631

Whales are collecting silently, the more you sell the more they collect. And they resell you at RM1+ again :D

1 week ago

lalazai9

Election coming BN win myeg fly

1 week ago

BarrettTeo

Very good. 80 cents up up and above

1 week ago

amet2017

Scam counter. Haha.. Damn this syndicate.

1 week ago

BarrettTeo

It's OK as long as your margin of safety is high. This counter provide good training for trading. Hehe

1 week ago

Dragon88

Time to buy, now or never

6 days ago

BarrettTeo

SP is 80 cents. Go go go

6 days ago

wlun6631

I love all time low, let me collect more :D ~ I'm waiting downstairs

6 days ago

amet2017

Looks like syndicate is buying and selling from right to left. Luring bilis to come in.

6 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

5 days ago

troy88

sharks finished collecting?

5 days ago

BarrettTeo

Nice la. Up up up

5 days ago

HaroldHuong

Up to 80cts, can maintain is priority

5 days ago

stockraider

Steady collection loh!

5 days ago

KooSan

Big sharks playing in the battlefield. Ikan bilis can only share some fun.

5 days ago

mf

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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3 days ago

Throwdown

Myeg needs heavy artilerry to break 0.805. 805 is bad ass number

2 days ago

wlun6631

Come down come down, let me collect more (after election boom)

2 days ago

StartOfTheBull

This stock can buy now or not?

2 days ago

StartOfTheBull

Still very strong support at 78.5c.

2 days ago

Throwdown

Myeg needs photoshop right now. She is an ugly biyotch

2 days ago

stockraider

Go for it loh!

Can buy mah!

2 days ago

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

2 days ago

Jerichomy

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

Gem Man

myeg benefit from agmo listing?

2 days ago

wlun6631

Jerichomy

What's make you so tension, I'm still queue-ing to collect more LOL
Not letting go until RM1+

2 days ago

Jerichomy

Wow shark…like otb and pak tua

2 days ago

wlun6631

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

Jerichomy

I am so well known…takut saya

2 days ago

Jerichomy

Of course it is better than dsonic anytime looo

2 days ago

BarrettTeo

Very good very good. Trading activities continue

2 days ago

Gogoklse

Good for market trade

1 day ago

BarrettTeo

See if can catch the rebound signal again

1 day ago

Jerichomy

Wlun6631 dah ganjiong???

6 hours ago

To the Moon

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)

5 hours ago

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