OutOfTouch96disposed coz money is more at other sector
22/03/2024 4:25 PM
Daim88EPF cabut dah? They have very sensitive nose, once they smelled something fishy, they will just dump and no look back. Good management, protecting people's money, otherwise they will end up like Najib.
22/03/2024 6:45 PM
Daim88They have literally zero assets, they only surviving on government's gula-gula, the current government stated clearly, they pretty much wanted to cut them off.
Within 1 year or 2, their profit will fall to the ground along with their stock price.
TP 5 cents only.
22/03/2024 6:50 PM
metaverseAs a layman we don't have the knowledge to interpret the news meaningfully so better wait for Tony Pua's comments and see how he sees this rising star about his well calculated corporate moves 😁
metaverse"August 2023, the total federal government debt stood at RM1. 15 trillion or 62% of gross domestic product (GDP), below the stipulated debt ceiling of 65% of GDP."
This news indicated government's cash coffer is tight so the government must find way to generate revenue and that will impact MYEG's business prospects as their business model heavily rely on government's revenue. Almost ten out of ten IB analysts gave MYEG strong buy calls but the price action is telling another story i.e. big players are trying to clear their holdings bit by bit so that the share price will not suddenly collapse.
metaverseBasically they are just like POS office acted like a collection agent for the government but once the government decides to reduce budget deficit they may cancel or rationalize this kind of payment system so instead of outsourcing them to POS or MYEG the government will DIY the collection jobs.
maxlau1223I would have hope that it will go low during this few weeks instead of go high, especially as the quarterly account closing soon...
25/03/2024 5:27 PM
metaverseThis DCF valuation model was created by Alpha Spread updated on Mar 25, 2024. Under worse case scenario, MYEG estimated DCF Value 0.48 MYR vs market price 0.79 MYR so the stock is overvalued -39%. Receivables 737.8m vs Revenue 774.28m so most of their sales are stuck in account receivable which is a bad signal. MYEG NTA 0.297 vs IFCAMSC NTA 0.20 so the tangible asset of MYEG also not that big.
hng33Resume share buyback. Myeg strong cash flow and ownership RM300m zetrix token (digital asset) at super high paper gain should be able to mop up 10% stake in myeg
26/03/2024 7:18 PM
hng33Myeg zetrix coin selling price is 240% higher at USD 17/coin now if compared to IPO price at USD 5/coin.
26/03/2024 7:52 PM
Tenka226Company was doing share buyback. Going to break 0.80 again soon?
27/03/2024 9:51 AM
EngineeringProfitStay away from this counter till I call back everyone. Go to watch Star Horsey Mahsing running day.......
Note: This company is not that cash-rich compared to IBs- couldn't push up much
MULTIEVERKWP have it own secrets agenda to position itself in any counter at anytime.
bilis retailer should never tie it own position with institution like Kazanah KWP or PNB.
your fund size and theirs are totally different, they have trillion and billion and yours probably few thousand dollar.
Probably they just rebalancing portfolio or stabilizing price movement periodically. you just fool if you follow them in & out everyday. worse case worse u rugi overtime by pay trading fee everyday.
27/03/2024 8:46 PM
metaverse"REDtone had also caught the market’s attention after it secured a RM398.1 million contract to provide a unified communications system for civil servants called MyGovUC3.0. "
For digital economy theme play, myeg and htpadu used to be fund manager's favourite but the wind has changed direction as YTLP and Redtone are positioned to take the lead in this booming sectors with their better corporate governance and world class management talents.
28/03/2024 7:41 AM
speakupredtone get 400 mil project later pass to awantec for 300 mil. redtone dapat buta gaji 100 mil. Pm tak siasat?
28/03/2024 9:09 AM
NRahmatKUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) acquired 2,250,000 shares on 26-Mar-2024.
28/03/2024 1:39 PM
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