hng33

hng33 | Joined since 2013-01-11

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16 hours ago | Report Abuse

PBA monopoly water business deserve fair valuation PE 10x

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16 hours ago | Report Abuse

PBA just awaken ahead of another windfall Q result

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19 hours ago | Report Abuse

"The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above."

Right time for Myeg, zetrix coin to soon breakout historical all time high to stay above USD 20 for its own next level clean sky.

Currently, Myeg derive about 30% profit from zetrix, such margin will increase to above 50% soon and will ultimately replace local concession become major source of profit for myeg

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1 day ago | Report Abuse

PENANG, Thursday, 7.11.2024: The Federal Government is working with the Penang State Government and PBAPP on 4 major water supply projects for Penang.

4 ADDITIONAL FEDERAL GOVERNMENT WATER PROJECTS FOR PENANG
1. 440 MLD Lahar Yooi Pump House to enable faster refilling of the Expanded Mengkuang Dam (EMD)
2. 440 MLD Dual Purpose Pipeline (EMD to Sungai Dua Canal)
3. Sungai Kerian Off-River Storage Scheme (ORSS)
4, Sungai Muda ORSS

These 4 Federal projects are additional water supply projects that should be implemented in tandem with Penang’s RM1.184 billion Water Contingency Plan 2030 (WCP 2030) and the RM4.5 billion “Perak-Penang Water Project”.

PBAPP will continue to implement the remaining 6 of the 8 WCP 2030 projects as scheduled while supporting the Federal Government’s implementation of the “Perak Penang Water Project” by 2030.

When implemented, these 4 additional Federal projects will help to ensure continuous good water supply in Penang on a 24/7/365 basis and relieve Penang’s water-stress status during this age of climate change.

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1 day ago | Report Abuse

Myeg, zetrix coin on track to break all time high.

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1 day ago | Report Abuse

Bitcoin surged past US$80,000 for the first time on Sunday, driven by the incoming president’s support for digital assets and the election of pro-crypto lawmakers

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6 days ago | Report Abuse

Trump claimed that “crypto has got a great future. I think it really does. Maybe we will pay off the $35 trillion national debt in crypto.

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6 days ago | Report Abuse

Trump’s comments at the 2024 Bitcoin Conference in Nashville, where he said, “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” stating firmly that “it will end. It will be done.”

Trump and republican will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control

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6 days ago | Report Abuse

Myeg cryptocurrency, zetrix, is worth multibillion in USD market capitalization

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6 days ago | Report Abuse

Trump is cryptocurrency supporter.

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6 days ago | Report Abuse

Zetrix platform set to spur MyEG’s earnings
PETALING JAYA: MyEG Services Bhd’s (MyEG) earnings prospects remain bright going forward, thanks to its Zetrix blockchain platform.

UOB Kay Hian (UOBKH) Research said MyEG’s prospects remain rejuvenated with plenty of emerging catalysts such as earnings growth from Zetrix-related services and involvement in multiple Malaysian e-government projects.

The recent commercial launch of Zetrix cross-border services also provides assurance on stable recurring revenue and healthy cash flows moving forward, the research house added. After investing over RM1bil to develop its Zetrix blockchain, MyEG launched multiple applications on the platform.

This includes the Ztrade blockchain platform in the China customs, certificate of origin authentication services, smart contract verifiable credentials and blockchain-based digital signing and others.

UOBKH Research said some of these government-to-government blockchain applications under the Zetrix platform solidifies the company’s presence within the domestic e-government space, with more adoption across various ministries.

Earlier in October, MyEG commenced its partnership with Heitech Padu Bhd for Malaysian e-government projects.

To note, HeiTech Padu recently secured a National Integrated Immigration System project worth RM892mil. It also secured another two contracts worth around RM324mil from the Road Transport Department this year.

Leveraging on HeiTech Padu’s back-end system expertise, MyEG is able to develop a holistic platform incorporating its front-end solutions for various e-government projects in the future, the research house said.UOBKH Research is maintaining a “buy” call on MyEG with a target price of RM1.42.

For its second quarter ended June 30, 2024, MyEG’s net profit rose to RM165.42mil from RM111.56mil in the previous corresponding period, while revenue grew to RM242.28mil from RM184.88mil a year earlier.

In a filing on its quarterly performance, the company said it expects to continue introducing innovative services by leveraging on new technologies

https://www.thestar.com.my/business/business-news/2024/11/06/zetrix-platform-set-to-spur-myegs-earnings
https://coinmarketcap.com/currencies/zetrix/

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2 weeks ago | Report Abuse

Amphenol opens new facility in Penang
KUALA LUMPUR — Amphenol DC Electronics Malaysia Sdn Bhd, a global provider of engineering, design, and manufacturing services, has opened its new 70,000 square feet (sq ft) facility in Penang, with the potential for an additional 60,000 sq ft in the second phase.

In a statement today, the Malaysian Investment Development Authority (MIDA) said this expansion significantly increases Amphenol’s footprint in the region to over 130,000 sq ft, demonstrating its commitment to growth and innovation in Malaysia while greatly enhancing its capacity and capabilities.

MIDA chief executive officer Datuk Sikh Shamsul Ibrahim Sikh Abdul Majid said the company’s decision to establish a presence in the country underscores Malaysia’s strong reputation in the global electrical and electronics industry...

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2 weeks ago | Report Abuse

pity to xi-fool, carry tremendous sin, curse by so many followers for his ignorance on 1bestarinet bomb risk, might need call his bangla gang for protection....too bad

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2 weeks ago | Report Abuse

too bad to subscriber, many follow 'xi-fool' to ignore 1bestarinet time bomb risk, ignore TA first, FA second policy...

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2 weeks ago | Report Abuse

Myeg is much cheaper alternative exposure to Niise and JPJ contract secure by Heitech due to teaming agreement formation between heitech and myeg

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2 weeks ago | Report Abuse

Aside MACC investigation on 1bestarinet under MOE (Muhyiddin), MACC also probe MBI (Azmin). But, IbestariNet take longer time as it involves 8000 school nationwide and involve huge sum of money RM 4.1 billion. Understanding more time need to uncover any false claim among these 8000 schools. Better be patient to wait for outcome to avoid any possible time bomb
https://www.thestar.com.my/news/nation/2024/10/24/mbi-scandal-macc-discovers-new-lead

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2 weeks ago | Report Abuse

Redtone unable to share NiiSE contract benefit as Heitech already form team agreement with myeg to jointly develop all current and future e-government contract. https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=151966&name=EA_GA_ATTACHMENTS

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2 weeks ago | Report Abuse

The 1Bestarinet case is still under investigation, so I will postpone any announcements for now.... risk of time bomb !!!

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2 weeks ago | Report Abuse

On Sept 4, the graft busters launched an investigation into a payment claim related to the Education Ministry's 1BestariNet service tender.

Sources disclosed that MACC conducted raids at a government office and the YTL Communications Sdn Bhd office in Kuala Lumpur.

https://www.nst.com.my/news/nation/2024/10/1125159/updated-im-personally-looking-1bestarinet-probe-says-macc-chief

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2 weeks ago | Report Abuse

Don worry, later he🤓 will come again with more gigantic mathematic model formula to give you even higher 'paper profit🤑' to lure more subscriber ya😱

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3 weeks ago | Report Abuse

NIIse now become catalyst instead of threat to myeg as it now become earning accretive to myeg for next 5 year through co-development Niise system + equity account of its 15% stake in heitech. and even after completion NISSE after 5 year, myeg immigration service will still able to integrate into NIIse system such as foreign worker insurance, foreign worker job matching, foreign worker accommodation.

Thus, its right time to buyback myeg after it have successfully eliminating Niise uncertainty from negative become positive while continue develop Zetrix which have now issue 226.9M coin at market price USD 3.74 billion, a massive increase if compared to just a month ago in Sept which issue coin only at 174.7M coin at market price USD 2.8 billion
https://coinmarketcap.com/currencies/zetrix/

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3 weeks ago | Report Abuse

Accumulation done, myeg become portfolio largest holding

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3 weeks ago | Report Abuse

Use balance to add myeg at 89sen

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3 weeks ago | Report Abuse

employer to bear foreign worker EPF, the higher foreign worker earn the higher employer need to paid their EPF which is based on 12% + increase export tax impact could be significantly erode profit margin as tax is based on gross revenue CPO price instead of profit....

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3 weeks ago | Report Abuse

added more myeg at 89.5sen

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3 weeks ago | Report Abuse

Anwar is indeed not friendly to palm oil industry.....aside only increase small threshold for 3% windfall tax, there are multiple headwinds to CPO industry: wages hike + employer to bear foreign worker EPF + increase export tax

Effective Nov 1, 2024, the revised Malaysian export duty schedule will include additional export taxes involving crude palm oil (CPO) prices of between RM3,601-RM3,750 per metric tonne that is subjected to an export duty rate of 8.5 per cent; followed by RM3,751-RM3,900 at 9.0 per cent; RM3,901-RM4,050 (9.5 per cent); and more than RM4,050 (10 per cent).

https://www.thestar.com.my/business/business-news/2024/10/22/labour-intensive-industries-most-affected
Bosses will also fork out more cash, once the government’s plan to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF) takes off in stages.

A calculation by RHB Research showed that under the new minimum wage of RM1,700, employers will have to bear an additional cost of RM221 monthly per worker.

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3 weeks ago | Report Abuse

sold supermax at 85.5sen, locked profit first

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3 weeks ago | Report Abuse

Previously, NIISe is the biggest threat to myeg exiting immigration concession. But, now, table turn, myeg indirectly through Heitech involve in co-development entire NIISE for 5 year period. These co-development is ensure as Myeg is now largest shareholder of heitech, and as myeg posses high expertise in e-government, such co-development will much rely on myeg instead of heitech, a like out-source all to myeg, while Heitech act more like project owner in which myeg also entitle equity profit through 15% stakeholder

Hence, in next 5 year time Myeg will add ADDITIANOAL profit from NIISE and even after completion NISSE, myeg immigration service will still able to integrate into NIIse system such as foreign worker insurance, foreign worker job matching, foreign worker accommodation.

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3 weeks ago | Report Abuse

The Agreement paves the way for the two companies -- well-established leaders in the
country’s technology space – to combine their respective strengths and expertise in
fulfilling the trust given to execute significant e-government projects. These include
current and future projects in which either one party is involved.

Recognizing the significance of these key projects for the nation, MYEG and HeiTech are
collaborating to deploy cutting-edge technologies, driving the digital transformation of the
public sector. This partnership aims to deliver efficient government services to end-users,
both Malaysians and non-Malaysians, at consistently high standards.
The Agreement outlines the respective roles and responsibilities of the partners in
collaborating in the areas of marketing activities, sharing of related know-how, and system
integration of Information and Technology Solution for identified projects to potential
customers.
Recently, HeiTech secured a contract from the Road Transport Department Malaysia to
build, supply, deliver, install, configure, integrate, test and commission its hardware,
software and digital systems. The company was also awarded the National Integrated
Immigration System (NIIse) project by the Immigration Department.

Having commenced operations nearly 25 years ago, MYEG looks forward to drawing on
its proven track record and technological capabilities to support and complement HeiTech
for the benefit of all stakeholders.

In Malaysia, MYEG has served a variety of government agencies over the years in
Malaysia, including the Immigration Department, the Road Transport Department, the
Ministry of Health and many others.

Beyond Malaysia, MYEG is the leading e-government services provider in the Philippines,
partnering with the likes of the National Bureau of Investigation, PhilHealth, the Securities
and Exchange Commission, Bureau of Internal Revenue and more.

More recently, leveraging on its emergence as a leader in the Web 3 space, MYEG is
pioneering real-world blockchain applications through collaborations with leading Chinese
government agencies such as the General Administration of Customs of the People’s
Republic of China and China Academy of Information and Communications Technology
to power cross-border transactions in the region

Remark: Myeg is largest shareholder control 15% heitech and WTS also on his own direct control another 1 % heitech

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3 weeks ago | Report Abuse

As myeg will co-design and co-develop NiiSSE, it will ensure that its immigration concession service still relevant even after NiSSE complete in 5 year time

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3 weeks ago | Report Abuse

Since Heitech NiiSE is co-develop with myeg for next 5 year, then, myeg should benefit a lot during these 5 year development period.

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3 weeks ago | Report Abuse

bought back myeg at 90.5sen

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3 weeks ago | Report Abuse

sold balance at 92.5sen, free up capital

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3 weeks ago | Report Abuse

For Palm oil industry, the average salary level in the plantation sector is around RM2,000 to RM2,500 per month.

I think income is not a problem for the plantation sector to comply with the new minimum wage. Salaries for the palm oil industry are higher

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3 weeks ago | Report Abuse

bought jtiasa at 1.14-1.15

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3 weeks ago | Report Abuse

locked profit at 92sen first

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3 weeks ago | Report Abuse

cut at 59sen, iwcity unable to lift up requirement to submit regularize plan

News & Blogs

3 weeks ago | Report Abuse

No really, market share price will adjust down to reflect amount of dividend after ex-date.

Under normal circumstances market share price will reflect up more at time company declare dividend, and adjust down more once dividend is ex for entitlement.

News & Blogs

3 weeks ago | Report Abuse

Sslee

Exactly these is what conglomerate big company is doing. One listed company have numerous subsidiary or associate company. Even SME also form many companies under them to exploit gov tax loopholes. Many director like to employ accountants that offer service to avoid high personal income tax rate 30% which is sharp contras if compared to corporate tax 25% and SME 15%. The best easier way is fragmental profitable company into many small companies via different shareholding status either as 50% JV, 70% subsidiary or 49% associate leve. Director can each appointed in each of these companies to enjoy dividend which is tax at single tier at corporate level either 25% or 15% depending on size of revenue, then, declare big dividend through these level as tax free to entitle Individuals director or share with another company depending on shareholding %. After these done as corporate expense, then only consolidate at group level for retail shareholder portion

News & Blogs

3 weeks ago | Report Abuse

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report

News & Blogs

3 weeks ago | Report Abuse

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report

News & Blogs

3 weeks ago | Report Abuse

Dvivdend tax is no only applicable to listed company, but also apply to many small companies which often director of these companies often capitalise on Malaysia Unpropotional tax rate on personal income tax rate 30%, company tax rate 25% and SME tax rate 15%.

Take for example, big listed company director control substantial company stake will intentionally reduce personal wage to avoid paying personal tax 30%. Director in turn will retain company profit for corporate tax rate at 25% or 15% tax in case on SME. These director remuneration will then compensated through high company dividend which director entitle the most and as dividend income is single tier tax at corporate level, therefore all high dividend received by director is TAX FREE. Hence, gov realize these loophole enjoy by these high ent worth director, it need to start tax these high net worth director.

In additional, many big listed company or even SME have many small subsidiary or associate companies under group and many of these director also hold directorship of these small subsidiary or associate which often is most profitable companies under entire group. These inter companies under group if dividend once declare is wholly enjoy by director as group expense before accounted in group financial report.

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3 weeks ago | Report Abuse

GEORGE TOWN: Penang has given two thumbs up to the announcement of the implementation of the Juru- Sungai Dua Elevated Highway project presented in the 2025 Budget by Prime Minister Datuk Seri Anwar Ibrahim today.

"The Prime Minister's announcement regarding this project is highly welcomed. We hope its implementation can be expedited due to its urgent necessity," said Chief Minister Chow Kon Yeow.

The RM1.8 billion Juru-Sungai Dua Elevated Highway was one of the key projects that Penang submitted to Putrajaya.

Additionally, he expressed appreciation for the announcement of a new Urban Transformation Centre (UTC) in the Seberang Prai area, which he said would enhance the quality of public services at UTC @ Komtar

Regarding the development agenda for wakaf land by federal agencies, Chow said that the state government supported UDA Holdings Berhad's initiatives, as they aligned with requests from various parties, including NGOs, to redevelop Malay settlements and increase property holdings, particularly on the island.


Furthermore, he said the budget had announced several other federal project implementations specifically for Penang, including the raw water supply project from the Perak River for water supply in northern Perak and Penang, the Penang Light Rail Transit (LRT), the expansion of Penang International Airport (PIA) and the Batu Kawan Industrial Park 3.

All these projects are expected to contribute significantly to the state's overall development. Therefore, I hope their implementation will be expedited and adhere to the proposed timelines," he said.

On the education front, Chow said Universiti Sains Malaysia (USM) was pursuing AI semiconductors in line with Malaysia's status as a global semiconductor hub, enhancing collaborations with companies like Intel and Infineon.

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3 weeks ago | Report Abuse

Budget 2025, new carbon tax on steel industry

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3 weeks ago | Report Abuse

Take super long 5 year to complete RM 892m contract!?

The contract value is lower than inital expected RM 1 billion to complete in 2 year time.

Interesting to see what will market response nwxt week, i bet sell on news

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3 weeks ago | Report Abuse

Windfall tax Threshold increase to RM 3650, still better than none. Wages increase from 1500 to 1700, but, i think nil impact to jtiasa worker as most of Indonesia harvester should already enjoy higher wages.

These wages increase hike instead most likely affect factories worker from Bangladesh