Just did an analysis, klci back above MA200 line. I personally think this is just a temporary hiccup. I am collecting lots of Liihen and Econbhd now since it's on special bargain. Oskvi is also at ridiculous cheap will high safety margin.

Please read their 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...blablabla"

Primarily in electronic government services which now they claimed accounts to only 20% of their business? Pls give me a break.

I already told you guys. The big guns are mitigating their losses and they are sitting next to your water pistols. First should the government continues to let this company run public portfolio will be a risk to their manifesto.

Also their current book value is recorded at RM0.59 and that if we assume all government contract is intact. How much you think they are worth now? U do the math.

All the best to you all for buying this counter. May the force be with you.

Here's the best part. Even when price was RM2 Plus, dividend yield was less than 2%.

Each bad news, shares dropped. Just in.

https://www.thestar.com.my/news/nation/2018/05/24/new-hr-minister-wants-to-reduce-dependence-on-foreign-labour/

EPF is now trying to mitigate losses further by buying low and selling high. Big guns will be sitting next to your water pistol. Be careful if you are thinking of "quick" gain unless you are an expert.

Once the government takes over MYEG, it will be good news for everybody. Expect lower charges on road tax fees, maid permit renewal and other perks. Another good news is government will also gain better revenues so it's really a win-win. I am pretty certain there will be one e-government platform that manages all these.

I can also say 20% of government that contribute 80% of the total company sales. The fact is this. Once this company doesn't have to rely on any government (Malaysia or outside) and I start seeing USP, I will invest. Other than that,...you invest okay? I just buy popcorn and enjoy the whole drama which is better than Netflix.

Wait for 4pm for what direction? There's always tomorrow lol

Okay, if you recalled what was my last projection of MYEG, I said will fall to about RM0.80 cents.

As for government, they are really in need of money now. Whatever project related that they are able to take back and DIY, they will...


Time is ticking MYEG

It's shopping sprees for me to buy on people's emotional sentiments. I called t the public fearout storewide discounts.

Keep on using technical analysis, will eventually result in losses. There are many great companies with unpredictable TA

I am not saying MYEG might not go up. I am saying so many good companies with strong fundamentals to invest in thsb gamble a company clouded with doubts. And who needs to walk to the bank when all is done online. Btw, I am not the one causes MYEG to drop.

What I am interested now is MYEG grounds to seek compensation on the 20,000 dongles it has invested but Rosmah allege involvement with this company could change everything.

"The sharp drop was attributed to close association of these two companies to toppled prime minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor." Malay Mail

Perceived value may worth RM0.92 now so grossly overvalued. Anyway, you can bet again a company that utilizes their services through government contract but as for me, I will just eat my popcorn and enjoying all the drama unfold slowly by itself here.

Teresa Kok is a smart woman. That is clearly why she has been voted by the people so many times. She clearly saw how companies like Gkent and MYEG easily leverage the previous crony government by creating low grade apps, sit down and watch money flow into their pocket. I am sure, they got deep pockets to make everyone happy. And they charge overly high. I hope PH government will start taking back all these contracts, and run these themselves. Anyway, even with government contract they are grossly overvalued.

Other shares I will buy. This one, I just sit with my popcorn and see how it rocket up and down.

Totally agreed, fantastic dividend too

One of the reason I oppose to third party managing government is accessibility. Any private company should never be condone to hold so much private information about people.

Also, I am firm believer that government will save money in long run in running their own app. There's already existing government app and while this might cost a little now to implement future appa, in long run will be better for the people as lower fee charges will benefit the people as whole.

Yeah, understand when Parliament dissolve any previous government contract will be null along with it should the new government says no more renewal. That explain the special Ramadan session between MYEG with Tun. Better buy some flowers too.

Once the price hits back to opening price RM0.905, panic selling begins and price drop. Not saying you cannot fry this counter. I am saying big guns is sitting next to you now.

Today's trading is nothing more than a speculator's affair. The only difference between Genting and MYEG now is you don't have to drive up to Genting and waste petrol money

The news from Natu Ral explained MYEG knife drop in shares. Yesterday I made a fair valuable so be about RM0.80. From trading movement as I speak, traders are in utter confusion with many just lost a few thousands. Again, big guns are dumping. More news maybe coming soon.

What you should be worried is when the big guns dump the shares in million. They seems to be smart to go by stages. Each time when price hits a new support, they dump and destroy hope. And then towards the end of trading hour, they unload the Mother-Of-All-Bombs (MOAB) that causes another 10-15% drop in overall price. Seen enough.

Once government says to MYEG, "Yes, contract will be null under new government and any related government issues will be directly managed by us". This will open up jobs in government sector for web developers, programmers to come up perhaps even a better platform than MYEG. Other countries will observe how Malaysia works and emulate. This will substantially reduced MYEG profit to about 80% unless they stop relying on government related contracts and find new catalyst.

Just got a call. Studies trend lines. He told me to collect at 0.955 based on strong support trend. Sell it when it reaches 1.04 (next resistance line) by noon. Again, your discretion.

The market valuation still overated. Play with care

Good shares, good fundamental...don't worry over small losses. Buy to collect

TA wise, I saw a support line at RM0.88 Meaning people "think" it is time to buy. You can try to fry this counter tomorrow with some chances of rebound and earn some profit for a cup of Starbucks. For me, short term gain is not my cup of tea.

To answer what they are doing. Basically anything the government can do themselves like tax renewal, summons, maid renewal, FOMEMA, road tax. Weird right? You must be thinking what has BN been doing all these while.

Even top traders sometimes loose. I don't have any personal agenda against MYEG except that I am always suspicious why government would like to cascade government related products or services to third party company when they can develop themselves (or get their own web developer) to do it. DNEX is also another one of them that I am watchful.

As to answer when share can rebound? With such a drop like that, you want to dive in again? I will only consider investing if and only if, I see the non-government catalyst to spur growth. To ask me whether or not to put money in a company that is riding wild on government's reliance, no thanks.
There are many the better counters, and many will help you get back some of your losses and even gain a little with a peace of mind.

I don't know about you, but I am firm believer of real products when it comes to investing.

Q: What sort of margins are you looking at?
MYEG CEO: Around 50% which I guess is normal for tech companies

What a reap off! No, that's not normal for tech companies. Tell that to Grab and Airbnb. And look at what happened to Groupon when you reap people off?

Pavillion , agreed. I can smell fear a mile away.

Wendy Yap, you need to always remember there are are strong fundamental company to put your money for long term. Check out PTRANS and ORNA for example. There are other good companies too. Don't limit your options if you seek good investment plus peace of mind. Put your money in this counter only if you like roller coaster excitement.

Pertaining to devices, agreed with paperplane. Having a platform that offer services is one thing, demand spells another. Today, I don't MYEG Pay. I only see AliPay, and Credit Card Wave are wildly used.

Lol, today while eating still see 6% GST charge on my bill. Probably starts next month.

Just hope Tun M will not fall for any corporate gesture unless government owned. Often it will lead to distrust from the people. Going for foreign affairs functions is another issue altogether. Sudden share buybacks to event hosting all sounds like somebody is pretty worried now. I would be too if RM3 billion of shares is wiped out from market cap in just a few days.

i3lurker, I don't think I will find your comment related to Investment 101. And I know that is metaphorical way of telling people common basic sense of Investment. If that is your style of investing go ahead. But don't downplay other investment techniques just because yours works for you. Not right.

Btw, where did you get the data u even think it cause MRCB to be stuck for 5 to 10 years? When did you get that data? The rule of thumb is never loose money. Also, don't you think makes more sense to average cost it? Anyway, again your discretion.

When major government bodies buys in when stocks dips does not necessary mean they have expectation of price up but rather to reduce price weight, the term known as dollar cost averaging. This will reduce the burden of shares they are holding. Historically has shown even down-trend share price will rebound especially more so after a sharp drop. Then when it goes back up, they will sell it off for a one time gain.

To implement the function of e-payment will be nothing new. In fact, this will be eating into the stronghold of mastercard and visa card. Moving forward, they already command strong territorial in this segment and they will not let you take their bread and butter away.

Alipay entry point made more sense. This is because their core is products related and they incorporated Alipay into their system first enabling most to make use further of the cashless system. PayPal was smart to break entry when cashless was about to implemented outside the U.S. For new entry trying to break in the barrier....

Sorry but it will be a tough nut to crack.

Totally agreed apolloang. Glad to see someone on the same page with me. I am always worried about young investors who lost their money over "FOMO" (Fear Of Missing Out) syndrome which is happening so very often to tech stocks.

With the PEG (Price to Earning Growth) shows it is way too unhealthy. With Graham formulation, the price is currently still about 40% too high. You might want to start to collect once it hits about RM0.75 if you still trust the mission and vision of the company. (Your discretion). As for me, the downfall of GST system will definitely corrode the value of this share further.

Here is one of the statement made by the ceo of MYEG which was asked of him..

Q: Do you think the Govt will take it back and do themselves?
A: I don’t think so. They have tried and they have failed.

To be correct, I do not think they have a department on that. But that will change in new government system.

Q: How much does Govt related services contribute to revs?
A: Less than 20%

Even at 15%, that is a huge revenue opportunity for the government.

Q: Would you consider selling MYEG?
A: Yes of course if I can’t get the relationship necessary then I would but it hasn’t occurred to me yet.

Now, why would that be a consideration? And what do you mean by "relationship necessary"?

Your discretion!

MYEG is by far the biggest money trapper I have seen. I know this share counter has made and break many beginner traders who bought it at already ridiculously price because of a stellar uptrend movement the last few months. Many rebuke me when I told them to be careful. Even "with" government contract, they don't worth as much.

I am a strong advocate to say, a new government will want to run their own system because it promotes greater transparency than appointed some third party company to manage it. Of course, we all know the "why" this even existed in the first place.

This company share uptrend is nothing than a catalyst that relied on good news than actual performance based on true value. If the share ever goes up again, look at the EPS and ask yourself the price you paid and the dividend you get is justifiable or not.

Price drop is great news. Going into shopping spree for MRCB

Silly to sell over panic. MRCB is a fundamental government backed company and EPF is still the substantial shareholder. So huge, people's money depends on it. Lembaga Tabung Haji is also a substantial holding with over 299 million shares so selling off 7 million share is often strategic movement on their part. While price may varies, will stabilize. My target price is easily above RM1. Again, choice is yours.

Adcool, already told you that MRCB is a just a vehicle and what you need to understand the new driver now is Pakatan Harapan. But the choice is yours but both Tun and Zeti has reiterated that they are planning to strengthen the business sector and boost economy growth through greater transparency. Not only MRCB, but watch out other companies like FGV, Sime Darby which will have better growth near future.

My opinion on MYEG was that diluted shares don't often worth that much. It was worth due to "an expectation" because of an award of some kind. So when you tell me a share that is worth RM2 plus where actual value is probably RM0.50 plus, I will question how on earth did it balloon to such a ridiculous amount?

I do hope government will soon realize the good profit it was letting go through third-party companies running government related program. Many countries in relation to government programs or installation are ran by the government themselves. It is not hard to create programs like this. TouchNGo is another one which government need to look into for earnings.