MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.815

Today's Change

+0.01 (1.24%)

Day's Change

0.805 - 0.82

Trading Volume

39,945,800


64 people like this.

65,270 comment(s). Last comment by stncws 19 minutes ago

miji

2 posts

Posted by miji > 2 days ago | Report Abuse

tomorrow fly...

hng33

19,763 posts

Posted by hng33 > 2 days ago | Report Abuse

swap more capital free from uems ro myeg, added more myeg at 79.5sen

Posted by lordmaster > 2 days ago | Report Abuse

顺哥加油!强者来了!💪💪💪

charlie chia

2,116 posts

Posted by charlie chia > 2 days ago | Report Abuse

Q result shd be out by today

swimvshark

131 posts

Posted by swimvshark > 2 days ago | Report Abuse

my predict this can easy break 0.84 in no time... just see zetrix from usd 4 to usd 14 then u know

U1818

561 posts

Posted by U1818 > 2 days ago | Report Abuse

And e-Driving Test is on the way ;D

sheep

3,829 posts

Posted by sheep > 1 day ago | Report Abuse

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

hng33

19,763 posts

Posted by hng33 > 1 day ago | Report Abuse

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

Posted by sailang_now > 1 day ago | Report Abuse

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

smartly

6,342 posts

Posted by smartly > 1 day ago | Report Abuse

sui sui. tomorrow will fly liao

smartly

6,342 posts

Posted by smartly > 1 day ago | Report Abuse

got 1.68sen dividend some more

smartly

6,342 posts

Posted by smartly > 1 day ago | Report Abuse

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

smartly

6,342 posts

Posted by smartly > 1 day ago | Report Abuse

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.

Posted by sailang_now > 1 day ago | Report Abuse

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?...

Posted by lordmaster > 1 day ago | Report Abuse

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

BursaKakis

367 posts

Posted by BursaKakis > 1 day ago | Report Abuse

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

Posted by OrlandoOilWeb3AI > 1 day ago | Report Abuse

Anyone has UOB analysis report can post here?

UOB ought to be bullish going by this QR

paktua73

17,892 posts

Posted by paktua73 > 1 day ago | Report Abuse

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


tut tut
stand fight with own method..

paktua73

17,892 posts

Posted by paktua73 > 1 day ago | Report Abuse

opps paktua ubah target base on own indicator (RP pattern)..
done sold back all at rm0.82..


tut tut
will be back later

simon2020

441 posts

Posted by simon2020 > 1 day ago | Report Abuse

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?

Rider

116 posts

Posted by Rider > 1 day ago | Report Abuse

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.

Pang

269 posts

Posted by Pang > 1 day ago | Report Abuse

EPF is back.

keepup

70 posts

Posted by keepup > 1 day ago | Report Abuse

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

smartly

6,342 posts

Posted by smartly > 1 day ago | Report Abuse

too heavy. can not fly.

Posted by lordmaster > 1 day ago | Report Abuse

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 😊😍😎

icecool

4,685 posts

Posted by icecool > 1 day ago | Report Abuse

good QR limit up !

UncleFollower

1,053 posts

Posted by UncleFollower > 1 day ago | Report Abuse

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

UncleFollower

1,053 posts

Posted by UncleFollower > 1 day ago | Report Abuse

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

Posted by sailang_now > 1 day ago | Report Abuse

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.

icecool

4,685 posts

Posted by icecool > 1 day ago | Report Abuse

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

Pang

269 posts

Posted by Pang > 1 day ago | Report Abuse

PEG: 0.004

UncleFollower

1,053 posts

Posted by UncleFollower > 23 hours ago | Report Abuse

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

UncleFollower

1,053 posts

Posted by UncleFollower > 23 hours ago | Report Abuse

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

hng33

19,763 posts

Posted by hng33 > 22 hours ago | Report Abuse

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

Posted by EngineeringProfit > 22 hours ago | Report Abuse

No use. Can't go up bcos every bilis hold over 1 mil stock here.

Even shark like Paktua73 has to give up pushing

hng33

19,763 posts

Posted by hng33 > 22 hours ago | Report Abuse

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.

smartly

6,342 posts

Posted by smartly > 22 hours ago | Report Abuse

like baby elephant, too heavy to push up.

laulau

293 posts

Posted by laulau > 21 hours ago | Report Abuse

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!

U1818

561 posts

Posted by U1818 > 21 hours ago | Report Abuse

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

moneySIFU

5,844 posts

Posted by moneySIFU > 19 hours ago | Report Abuse

对最新的成绩很满意👍

Posted by maxlau1223 > 19 hours ago | Report Abuse

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

moneySIFU

5,844 posts

Posted by moneySIFU > 17 hours ago | Report Abuse

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.

moneySIFU

5,844 posts

Posted by moneySIFU > 17 hours ago | Report Abuse

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.

moneySIFU

5,844 posts

Posted by moneySIFU > 17 hours ago | Report Abuse

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

Posted by lordmaster > 16 hours ago | Report Abuse

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

Posted by sailang_now > 3 hours ago | Report Abuse

Already touched 0.82 today. The good news is daily RSS report by Bursa indicated a decreasing trend in the RSS transactions from 15M to only about 13M yesterday. What it means is the Operator has successfully flushed out most day traders & weak holders leaving only strong holders with Diamond hands! 💎💎💎💎💎💎💎💎. After EPF announce the Dividend for 2024 on 3 March, we may see a Breakout where Market will retest Resistant 0.83? Savvy investors will not wait for EPF's buy signal to enjoy maximum returns. Already got 1.68 sens proposed dividend in the hand from current good results from Myeg...

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 0.81
Price 0.815
Verdict: Uptrend is still intact!

hng33

19,763 posts

Posted by hng33 > 2 hours ago | Report Abuse

One link will let know well how DEEP value myeg have embedded

Myeg, Zetrix coin performance, current unit in circulation, and total outstanding unit available for sale in future and HUGE market current market capitalization and FULLY value market capitalization, all in MULTI BILLION USD PROFIT on track to monetize by myeg on staggering basis
https://coinmarketcap.com/currencies/zetrix/

UncleFollower

1,053 posts

Posted by UncleFollower > 2 hours ago | Report Abuse

MYEG's management is quite superb really. We can all see that they are consciously diversifying away from MY Government risk and doing so with quite a fair bit of success already. Now go other 3rd world countries provide similar services. Pride of Malaysia!

Posted by sailang_now > 26 minutes ago | Report Abuse

Correct! Can't understand why some choose KFC when you can dine with abalone & lobster🦞 in the company of wine, women or song? Even foreign analysts gives a glowing write-up on Myeg's current performance. Very sure many foreign funds like BlackRock will buy-up the cheap shares soon...
https://www.cointrust.com/market-news/myeg-services-bhd-records-impressive-financial-growth-driven-by-zetrix-platform

stncws

10,215 posts

Posted by stncws > 19 minutes ago | Report Abuse

Uob tp 1.28...buy..
Shd be in 3 month

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