End of the year - Malaysia will be Endemic status fron Pandemic

Pavillion also high rental also. Klcc got cash to wheather the storm

Recently, MY E.G. Services (MYEG) announced its 2Q21 net profit rose by 28% year-on-year (YoY) to RM80.68mil while its revenue surged 30% YoY to RM161.73mil, driven by its new concession and commercial services, along with an overall rise in online transaction volumes, among others. (The Star, 24 Aug).

Following this, Macquarie Equities Research (MQ Research) reiterated its Outperform recommendation on MYEG as the results were largely in-line with its expectations, while expecting stronger results in 3Q21. MQ Research also discussed what’s interesting and its views on MYEG’s current business situation. MQ Research’s target price on MYEG is RM2.43, which is 24% higher than yesterday’s closing price of RM1.96 (+6.0%).

Within expectations, expect better 3QFY21E results

MQ Research reiterates an Outperform recommendation on MYEG following 2Q21 results. MYEG’s 1H21 profit of RM157mn came in at 47% of MQ Research and 49% of consensus estimates, largely in line with MQ Research’s expectations as MQ Research expects stronger 3Q results. 1H21 revenue/profit continues to grow strongly at 35%/ 29% YoY since 1Q21 due to an increase in Covid-19 health screening tests and online motorcycle road tax renewals. MQ Research sees 16% 20-24E profit compound annual growth rate (CAGR) providing upside to MYEG’s 19x 22E enterprise value to earnings before interest, taxes, depreciation, and amortisation (EV/EBITDA).
What MQ Research liked, what MQ Research didn’t like and what’s interesting

What MQ Research liked. In line with MQ Research expectations, Covid-19 tests volume has contributed positively to earnings due to spike in cases in Malaysia from the delta variant and various government initiatives mandating Covid-19 tests as part of reopening. Besides that, sequential revenue was also contributed from higher online services for road tax renewal for cars and motorcycles. Moving forward, MQ Research expects to see stronger 3QFY21E given the recent announcement by Road Transport Department (RTD) that all road users’ licenses (cars and motorcycles) must be renewed by 30 Sept 2021 (link here), further boosting its road transport segment.
What MQ Research didn’t like. Margins continue to decline from business diversification towards healthcare, but this is within MQ Research’s expectation.
What’s interesting. MYEG recently announced decentralised finance (DeFi) products to users of Malaysia’s digital asset exchanges (link here). From MQ Research’s understanding, no additional licenses are needed from the Securities Commission and MYEG already has a moneylending license under the Moneylenders Act 1951 to carry out its services. MYEG plans to monetise its DeFi schemes through lending the funds collected from depositors out to crypto borrowers, who will be charged interest. The borrowing/lending spread will be an income source for MYEG. Though nascent, MQ Research views this interesting development as supporting the crypto-related plans that MYEG has.
Action and Recommendation
Outperform maintained.
12-month Target Price Methodology
MYEG MK: RM2.43 based on a Total Shareholder Return methodology
Source: Macquarie Research - 25 Aug 2021

Dun accept offer any lower than 2 as a minimum

Seller should just letgo at 2.00

Bonus issue coming. A lot of people hoping that sellers accept lower offer

Confirm akan naik quarter earnings..

23-Aug-2021 14-Oct-2021 DIVIDEND First Interim Dividend RM 0.0025
23-Aug-2021 13-Sep-2021 BONUS_ISSUE Bonus Issue 1.0000 : 1.0000

Where got

10.00 already

You are right

Pm from umno…bursa will go up

Wooohuuu ada naik 3 sen

Foreign funds are coming back than they know what we already know about Tenaga. A cash cow!

Taliban are Afghans Pashtun too and it is their country to administer and to have sovereignty

I predict that the caretaker interim PM will be from current Perikatan Govt.

breath test kit for covid myeg exclusive distributor. MOH pending approval the kit

bought additional 20000 units a 0.23 this morning

Ahbeng - myeg ipo price is 0.55/unit. Cornerstone investors will be around this price for their cost

tenaga shares for me is the only stock that i will buy and pass to my children

tak bayar bill..elektrik potong...residential or industry

yes to sell electricity from solar plant

Malaysia not stabil laaa under current PM..no strong leadership to navigate properly during pandemic

Today only manage to Top up 500units@9.68 to average down. Now units atand at 13600 units with average cost at 11.31.. aiyaa this lockdown so slow to get more money.. govt no help me one during mco

Ahmad Zaki Resources Bhd (AZRB) founder Tan Sri Wan Zaki Wan Muda will retire as the group’s executive vice chairman effective 1st July 2021. However, the 72- year-old major shareholder of the group will stay on as a board member of AZRB. (The Edge)

retirement?

PWC???…kpmg laaa

baru bayar bil electrik via jompay 445.31 ringgit

think positive..because right now who can claim to have toll concession business for 50 years in the bag

dun say liddat one..you jinxing it

Highly unlikely to go 8

Will have good cash flow in 2022

Sep 2021 going to start to collect toll money

While construction activities at the East Klang Valley Expressway (EKVE) have been halted for more than two months due to the government’s movement control order (MCO), the project’s developer EKVE Sdn Bhd (EKVESB) revealed that the 36.1km highway is still on track for completion in the third quarter of next year (Q3 2021).

yaaa dun pay -- potong letrik

i got my dividend last week om the 16th April

Looks like some extra cash coming

UEM Edgenta Bhd's subsidiary Edgenta Propel Bhd (EPB) is being sued for allegedly failing to complete an RM87.0m sub-contract under the Klang Valley Mass Rapid Transit's Putrajaya Line (MRT2) project. The suit was filed in the High Court by Ahmad Zaki Resources Bhd's unit, Ahmad Zaki Sdn Bhd (AZSB), which had awarded the sub-contract to EPB in 2016. AZSB is seeking RM23.8m in liquidated and ascertained damages and about RM5.0m in consequential damages. (The Edge)

toll will be operational in Q3 2021. By Q4 they will have a surge in positive cash flow to be reported.

Any new news on construction contract for AZRB?

wow...nice dividend getting 29k..i am expecting at 0.58@13100 units = 7598..makes me want to top up a bit more before ex date

epf average unit cost for TNB is lower than all of us here ok. so they can dispose and buy how they see fit

58 sens per unit is beautiful. Tenaga takes care of their shareholders

power laaa you all...my portfolio is recovering !!

Apple168 - Gas powered energy power plant is part of the renewable energy agenda of Tenaga nd not just solar plant alone. Tenaga is phasing out coal powered and increase more gas powered plant in their global portfolio

Good investment for Tenaga

Gong Xi Fa Chai..,may Tenaga give you more wealth

All in TNB for new business from fibre.. hoorayy

Old ceo tenaga bought a lot pf tenaga shares you know before going to epf

RJ87 - hehe..i m ALL IN Tenaga spend 150k already..and not much else