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Business Background 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.
64 people like this. ignissimia When all stars are aligned, EPF and KWP will turn buyers. Then the stock price may ascend almost relentlessly to new level after new level. 15/03/2024 3:01 PM ignissimia The proposed final dividend of 1.68% is a subliminal message from TS Wong to us. Bonanza all the way the road ahead! 15/03/2024 5:35 PM Michael Kwok Myeg 80.5 Maybe 90 cents range in march.trying above rm 1 in April. 15/3/24 6.15pm 15/03/2024 6:16 PM Fabien _the efficient capital allocator MYEG now owned 16.08% stake in HeiTech Padu 16/03/2024 11:31 AM sailang_now Apart from Niise, most probably TS Wong is eyeing HTPadu's Data Center projects to support Government Digital & Blockchain Initiatives?... https://klse.i3investor.com/web/blog/detail/thealphatrader/2022-01-17-story-h1597411394-HEITECH_PADU_BHD_5028_ENTERING_THE_DATA_CENTRE_BUSINESS_IN_A_BIG_WAY 16/03/2024 12:43 PM Income Biggest lesson i learnt in 2023 in the stock market is that nobody knows what is going to happen next, so I practice some humility and follow a strategy with a long term edge. 16/03/2024 7:36 PM U1818 https://coinmarketcap.com/currencies/zetrix/ I am referring to the above website. Self-reported circulating supply (The amount of coins that are circulating in the market and are in public hands. It is analogous to the flowing shares in the stock market) As at 17-3-2024 (7:57pm) = 87,038,588 ZETRIX. As at 4-3-2024 (9:51pm) = 84,714,089 ZETRIX. 2,324,499 ZETRIXs were added to the market in 13 days. 2,324,499 x 15 USDT= 34,867,485 USDT. 34,867,485 USDT x 4.5 = RM156,903,682. Is this RM156,903,682.part of MYEG's 1Q2024 Revenue? FYI, MYEG's Q42023 Revenue was RM222,056,000 only. (vs RM156,903,682.in 13 days !!!) Is that how it’s calculated? Please enlighten me. TQ, 17/03/2024 9:00 PM hng33 The above calculation is theoretically correct as myeg intend to sell zetrix coin on staggering basis average about 200k per trading day to gradually monetize its first layer blockchain infrastructure platform. 18/03/2024 9:19 AM hng33 Upcoming Q result will give clear Zetrix coin value > USD 16/coin as zetrix coin is trading more than 2x higher than its initial IEO price at USD 5/coin 18/03/2024 9:27 AM hng33 The above is another value added to myeg service provider to road user and earning commission fees from insurance companies 18/03/2024 9:40 AM hng33 The major catalyst for myeg still on zetrix, a cross border platform through blockchain technology. Myeg EPS growth will increase multifold forward. 18/03/2024 9:44 AM EngineeringProfit NO use. Big bro has not given a green light to push up the price. Be patient but watchful.....Patience is virtue in stock market 18/03/2024 9:44 AM hng33 Theoretically, multifold growth in myeg EPS will translate into mulitfold in share price forward and increase dividend payout 18/03/2024 9:46 AM EngineeringProfit No point getting into party into early. There's something called value trap. Beware- overall bad glocal and local economy sentiment currently 18/03/2024 9:49 AM hng33 Bear in mind, last Q, myeg merely reap 1.2 million zetrix coin at IEO price USD 5/coin in Q4 2023. What will myeg profit in next Q result when myeg reap 20 million zetrix coin at >USD 15/coin in Q1 2024 ?? 18/03/2024 9:55 AM sailang_now Already touched 0.82 today. Uptrend is still intact!... Latest UOB Kayhian stock analysis. STOCK IMPACT - Multiple event catalysts are crystalising and shall re-rate valuations. These include: a) Commercial roll-out of e-testing for the road transport segment in 2Q24 (April), b) re-tender of the Foreign Worker National Integrated Immigration System (NIISe) contract which was previously valued at RM1.0b-1.5b, (with HTPadu & it's Data Centers with RO) c) Zetrix blockchain’s commercial deployment of its China customs services in 1H24, and d) launch of MYEG’s ETF application in Hong Kong which includes Zetrix coins. Others related services. Zetrix unveiling its deep monetisation potential, ... Zetrix’s potential is gaining more clarity as the blockchain platform is on track to be commercially integrated into the China and Philippines customs in 1H24. The key scope of services includes the issuance and authentication of the certificate of origin (COO), smart contract information verification and (2024-25F) blockchain-based digital signing. We expect more Zetrix token sales throughout 2024 as the customs project is commercially launched and starts generating transaction fees and gas fees which are settled with Zetrix tokens. supporting robust coin sales. We understand that Zetrix’s IEO on Coinbase’s platform in 3Q23 has been a success, with the over 1m Zetrix coins issued fully subscribed by investors. In 4Q23, over 2m units of Zetrix coins were issued, translating into lucrative Blue-sky proceeds for MYEG from the coins’ issuance and sales of nodes. We estimate that 2023 token sales achieved about 6.5m Zetrix coins. Secured a RM108m foreign worker accommodation project in Penang. On 6 Dec 23, 1000000 150 35 52.5 MYEG signed a lease agreement with the Penang Development Corporation (PDC) to build * Assuming 800k driving test conducted in 2042F (2019:1m tests), MYEG’s revenue per test of RM150, PBT margin of 35% a RM108m foreign workers’ housing in Batu Kawan. The workers’ village project is expected Source: MYEG, UOB Kay Hian to house at least 8,000 foreign workers upon completion. We estimate that this foreign worker accommodation project will contribute about RM28m revenue upon completion by ZETRIX’S STRUCTURE 2026 (assumptions: 8,000 foreign workers, RM300/month rental). Road transport segment’s E-testing system ready to launch commercially. In December last year, MYEG also received approval from the Road Transport Department (JPJ) to proceed with the pilot phase of the MyEG Drive Testing System (MYDTS) involving actual test candidates. The pilot phase will be running from 18 Dec 23 until 16 Feb 24 before commercial launch. Our earlier assessments revealed that e-testing may lift MYEG’s profit by RM40m-50m upon commercial rollout. Discounted valuations appeal as overly-depressed sentiment reverses. MYEG’s shares now trade at just 11.5x 2024F PE, which is close to GE14’s historical trough of around 12x. Such valuations are highly attractive and shall regain investors’ focus, especially after factoring in the dissipating concerns of its e-government concessions’ relevance and impressive earnings track record (six consecutive quarters of record-high Source: MYEG core earnings, alongside tremendous earnings potential from the Zetrix blockchain if ZETRIX’S PRODUCT ROADMAP executions are on point). 2Q22 - Launch of ZTX mainnet EARNINGS REVISION/RISK - Build and test the proof of concept iteratively with NFT marketplace and Covinsure dapps We introduce our 2026 earnings forecasts. - Developer SDK published - Develop operating models and governance VALUATION/RECOMMENDATION 3Q22 - Achieve interoperability with other chains, ie Maintain BUY and target price of RM1.21, which implies 18x 2024F PE (-0.5SD below Xinghuo, Ethereum, Polygon - Launch of crosschain BID/VC with Xinghuo five-year mean). - Launch of ZTX token sale - Marketing of BID registration in all markets ex-China ENVIRONMENTAL, SOCIAL, GOVERNMENT etc. 18/03/2024 10:15 AM paktua73 morning.. if base on paktua swing pattern sasaran jualan sudahpun tercapai rm0.77+80=rmrm0.81.. paktua just swing player always stick with own method.. done sold back at rm0.815.. tut tut paktua wish all myeg holders can reach own target 18/03/2024 10:31 AM paktua73 myeg paktua wish this time wave can break rm0.85 indicator to next level if not will back below rm0.78 last hit rm0.85 is 20hb sept 23 over 100 trading day.. tut tut harap mampu laa break rm0.85 this time 18/03/2024 10:39 AM failorangdalam Kuasai 15.9% saham terbesar HeiTech Padu, mampukah Farhash dapatkan projek NIISe KDN lebih RM1bilion? https://corporatesuntolds.wordpress.com/2024/03/17/kuasai-15-9-saham-terbesar-heitech-padu-mampukah-farhash-dapatkan-projek-niise-kdn-lebih-rm1bilion/ 18/03/2024 10:44 AM sailang_now Correct! Already touched 0.82 this morning. Market should retest resistant 0.83 in view of so many recent positive factor...tut tut 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! 18/03/2024 11:26 AM hng33 加密认证会颠覆传统的盖章认证?MYEG的区块链商业化有眉目了?【谈股论金 138】https://www.youtube.com/watch?v=45T7bn98r-I https://www.youtube.com/watch?v=YF9p2hUeGuc 18/03/2024 11:47 AM NRahmat TP: 1.15 My EG Services Says Co And Direct Lending Launch BNPL Programme For Automotive Services https://www.tradingview.com/news/reuters.com,2024:newsml_FWN3FT1EM:0-my-eg-services-says-co-and-direct-lending-launch-bnpl-programme-for-automotive-services/ 18/03/2024 12:07 PM EngineeringProfit Tak cukup volume lah Posted by hng33 Right time to challenge immediate resistance level at 82.5sen 18/03/2024 1:49 PM lordmaster 舜兄 强者在此 💪💪💪 https://theedgemalaysia.com/node/704890 https://www.thestar.com.my/business/business-news/2024/03/18/asia-cheers-china-data-as-central-banks-line-up 18/03/2024 2:30 PM EngineeringProfit Timing must be cun cun. Now good profit$ trading Bursa king ytlp 18/03/2024 5:22 PM EngineeringProfit I've warned them not to be gullible. Degil betul. Again: Sharks vs Bilises 3 vs 0 19/03/2024 8:34 AM paktua73 morning.. Paktua will be back when reach again below rm0.78.. tut tut always come back when swing opportunity arrive 19/03/2024 10:00 AM sailang_now Morning Paktua...Yes opportunity will arrives again soon! Just buy the dip! Guess CIMB or Macquarie will pocket the cash next week?...tut tut 19/03/2024 12:26 PM EngineeringProfit Tradng small price range?? Queue and queue buy, then q & Q sell kah?🤣 Try the current bursa stars lah 19/03/2024 1:22 PM kuningNo1 Technically if you study the BUY and SELL Q correctly, this counter look alike HONGSENG, buy Q volume is always very huge volume compare SELL Q and price mostly stagnant. 19/03/2024 3:23 PM swimvshark this round is 815 then down back 775. 5% also not reach.... lol. myeg always this range nia. 19/03/2024 3:28 PM kuningNo1 This counter for long term 2-5 year. Stock price definitely will jack up above rm 1. But not within this 3 month for short term player. 19/03/2024 3:29 PM | |