Morning Guys, Don't Miss!
Buy on any dips as Muhibbah already broken Resistant 0.96 and reached RM0.965, with positive momentum!. Market should retest 0.96~0.965 again?, it's expected to exit penny stock and retest Resistant RM1.03 soon! Further upside is expected for a post Budget rally in anticipation of good news, contract win from Petronas & Lang Lebah gas field in Sarawak? Next Resistant is RM1.03, followed by Resistant RM1.10 ~1.31 with Target Price RM1.34!...tut tut

Target Price 1.34
Resistant 1.31
Resistant 1.24
Resistant 1.17
Resistant 1.10
Resistant 1.03
Resistant 0.965
Price 0.94
Support 0.925
Verdict: Positive Momentum is Confirmed!

Note:
Based on 2 years historical contract wins, Muhibah contract award for Nov/Dec. 2024 from Petronas/Lang Lebah Sarawak Gasfields could exceed RM527m based on expected 10% annual increase on CAPEX spending by bullish Oil & Gas Players?

Quote:

"ValueMaker

Based on past 2 years history, Muhibah used to clinched in contracts during the year end:

RM 479m award in 2023 Nov
RM 438m award in 2022 Dec"

Neom Project, Cambodian Airport & Petronas Projects Beckons?

https://klse.i3investor.com/web/blog/detail/cgscimbresearch/2024-02-27-story-h-187496462-Muhibbah_Engineering_4Q23_Kitchen_Sinking_Improved_Core_Earnings

https://www.businesstoday.com.my/2024/09/18/muhibbah-set-for-large-construction-and-crane-jobs/

Morning guys! Why still hang around here like vultures?...tut tut

Morning guys!
Already bought tickets for the show. Construction & Property stocks will be a beneficiary of Budget today!...tut tut

Morning Guys! Yes with so many feel good factors, Ekovest should retest 0.4~0.41 soon? Even Bankers want to promote their new warrants to retailers by pumping Mother share, as not many takers for their new CWs with exercise value of 0.5~O.6?...tut tut

Downtrend has started? In the meantime, they continue to convert warrants to mother share at 40 sens each? After Bonus issue and continued dilution of shares, doesn't looks good?...lowest today 0.625 sens! More weakness to come! Hope minor support at 0.62 doesn't breaks?..tut tut

Morning Guys!...tut tut

Already touched 0.805! Still no strong support in sight?...tut tut

Support???
Resistant 0.83
Resistant 0.805
Resistant 0.78
Resistant 0.765
Resistant 0.75
Price 0.805~0.83
Verdict: Downtrend is in progress

Morning Paktua!
Already touched 3.35! Look's like Michael's prediction could be true if can't maintain at 4.0! Looks like downtrend similar to Ytlpower?...mmm

Michael Kwok

Vstec 4.05
If rm 4 break and stay,then tp as below
Tp lower rm 3 range
22/7/24 1.20pm

Already touched 3.95! Look's Michael's prediction could be true if can't maintain at 4.0! Looks like downtrend similar to Ytlpower?...mmm
Michael Kwok

Vstec 4.05
If rm 4 break and stay,then tp as below
Tp lower rm 3 range
22/7/24 1.20pm

Could be true? as more than 7 months already passed and still no updates?...

@Johnchew123

Mau masuk , wait T+ 3 force selling only go in ,yesterday 2.6 mil higher volume change hand , this Friday force selling , merger termination should announed anytime , see price action already know , 100 percent merger termination , 43 sen strong support

http://ekovest.listedcompany.com/newsroom/20231027_EB_Ann_Heads_of_Merger_Agreement_20231027.pdf

Already reached 0.97~0.975! Will support 0.97 holds?...tut tut

Highest 1.15
Support?
Resistant 0.95
Resistant 0.91
Resistant 0.88
Resistant 0.85
Resistant 0.83
Resistant 0.785
Price 0.97~0.975
Verdict: Downtrend is in progress

Look's like downtrend like Ytlpower?...mmm
Michael Kwok

Vstec 4.05
If rm 4 break and stay,then tp as below
Tp lower rm 3 range
22/7/24 1.20pm

You maybe right! KWAP's selling to fund Govt. Pension revision, while EPF's sales to fund Account Fleksible? Members withdraws money from EPF to buy Myeg, while EPF sells Myeg to them for cash!...tut tut

keepup

become kwap atm machine

The taxman is coming? Better take profit first?... tut tut

LHDN says has identified individuals, companies involved in crypto trading.
https://theedgemalaysia.com/node/715951

James Comrade! Let's go!...tut tut

Morning James Comrade! I am with you...tut tut
Btw are you still accumulating Kobay? RHB says technical breakout coming...

Yup! Nothing is free in this world. If you make money, it's at somebody else's expense. Sharks will typically push up a little in order to dump on unsuspecting Bilis. At current price level, the risks outweighs the returns. If still believes in Myeg, wait for the retracement before buyback as time is on our side. Once the fintech shark fund suddenly leaves, you will be trapped at the high floors as previously...

It's better to take profit now based on strength rather than regret it later. Let me share a little secret. 140 million Zetrix tokens was sold at a discount to seed investors/IBs during it's seed round. 20.1 million tokens has been released into circulation during listing on 28/10/2023. The balance of 120 million Zetrix tokens was locked for 6 months from listing date from 28/10/2023. We believe it's already more than 6 months and so the 120 million tokens belonging to seed investors other than Myeg are now available for sale in open market. When Supply exceeds Demand, price of Zetrix tokens will eventually falls affecting Myeg's future profitability. EPF & IBs know this and selldown everyday to maximize profit?...
There's better chance to strike gold at Iris or even Asiaply (based on RE Theme) as there are signs of goreng soon?...

"Upon the listing on Oct 28, a sum of 66.75 million ZTX tokens will be circulated, representing 6.05% of total supply at the start of the IEO, the statement added.

Zetrix had previously sold 140 million ZTX in its seed round, of which 20.1 million have been released into circulation, it added."

Morning guys!...tut tut

Let's wait & see?...tut tut

Sslee

At last KYY learnt his hard lesson on margin forced selling. He now based on TA to cut lose.

Posted by yewyin33 > Mar 30, 2024 9:04 AM | Report Abuse

My reason for selling Eversendai Koon Yew Yin, 30th March 2024
I started buying Eversendai shares on 15th March 2024 when it dropped 1sen to close at 32 sen.
Eversendai price chart below shows it went up 2.5 sen in 4 trading days and it dropped 9.5 sen in 7 traing days.

Yesterday afternoon, I decided to sell all my Eversendai shares because it closed at 29.5sen and I lost money

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

TS Wong is a shrewed investor you think he has not done his homework? NIISE already in the pocket including...
"HTPadu Latest Qtr made a profit of RM16.41M with contributions from?...
25. SIGNIFICANT EVENT On 6 December 2023, the Company has accepted and signed the Letter of Award from Ministry of Health,a.Malaysia (“MOH”) for Tender untuk Membekal, Menghantar, Memasang, Membangun, Mengkonfigurasi,Mengintegrasi, Migrasi, Menguji dan Mentauliah Guna Perkakasan, Perisian dan Sistem HIS@KKM diHospital Sultan Ismail, Johor Bahru commencing from 18th December 2023 to 17th December 2026. TheContract Value is RM37,017,920.00.26. SUBSEQUENT EVENTOn 2 January 2024, the Company has accepted and signed the Letter of Award from Lembaga Hasil Dalama.Negeri Malaysia (“LHDNM”) for Perkhidmatan Next Generation Network di Lembaga Hasil Dalam Negeri Malaysia commencing from 1 January 2024 to 30 June 2027. The Contract Value is RM58,888,888.00."
Quarterly rpt on consolidated results for the financial period ended 31/12/2023 | https://www.klsescreener.com/v2/announcements/view/6600321

Just buy the dip! If HTPadu can fly so can Myeg. HTPadu + Myeg is a formidable strategic combination to secure NIISE project...

TS Wong=Asia Internet=Myeg=HTPadu=NIISE?...ps HTPadu has been shortlisted for NIISE project i.e. Myeg could be project
partner with HTPadu as project leader for NIISE as controlled by substantial shareholder Asia Internet/ TS Wong?...

Morning guys...tut tut

MY E.G. SERVICES BERHAD ("MYEG" OR THE "COMPANY")ACQUISITION OF SHARES BY MY E.G. CAPITAL SDN BHD IN HEITECH PADU BERHAD1. INTRODUCTIONThe Board of Directors of MYEG (the “Board”) wishes to announce that its wholly-owned subsidiary, MY E.G. Capital Sdn Bhd (“MYEG Capital”), had on 7 March 2024 acquired an aggregate of14,572,300 Ordinary Shares representing approximately 14.40% equity interest in HeiTech Padu Berhad (“HeiTech”) via Open Market and Direct Business Transaction, for a total cash consideration of RM31,247,960.20 (“Purchase Consideration”) (“Acquisition”), details of which are as follows:-a) Acquisition of 5,155,300 Ordinary Shares on 7 March 2024 via Open Market for a total cash consideration of RM11,001,410.20 or at an average acquisition price of RM2.134 per HeiTech share; andb) Acquisition of 9,417,000 Ordinary Shares on 7 March 2024 via Direct Business Transaction for a total cash consideration of RM20,246,550.00 or at an average acquisition price of RM2.15 per HeiTech share.2. INFORMATION OF HEITECH HeiTech is a company incorporated in Malaysia and having its business office at Level 15, HeiTech Village, Persiaran Kewajipan USJ 1, UEP Subang Jaya, 47600 Subang Jaya, Selangor. It is listed in the Main Market of Bursa Securities Malaysia Berhad and is an Information and Communications Technology company that offers a range of services including system integration, application development, managed infrastructure services and innovative solutions across the sectorsas well as the development of Malaysian Electronic Government initiative.3. RATIONALE FOR THE ACQUISITIONThe Acquisition is a strategic investment which will allow the Company to explore potential collaborations with HeiTech to create synergies by leveraging on the respective expertise and experience of both parties as established e-Government service provider

A sudden breakout at Myeg could happen anytime judging by the sudden interest & appearance of many day traders/macais at Myeg Forum just like at HTPadu Forum. Most weak holders have been weeded out and the good news is retailers holdings in Myeg has dropped from 40% to 35% while institutional holdings has increased proportionally. Noticed that BlackRock & Norgesbank institutional funds has increased their shareholdings in Myeg to more than 2% each in February while EPF has increased their holdings to 5% with KWAP holding 7% shares in Myeg...

Thxs for the tip-off guys...have been looking at Asia Internet/TS Wong's moves on shares with common substantial shareholdings in Myeg & HTPadu & comments by macais/day traders in both Klse Forums before HTPadu's sudden breakout. A similar breakout could happen at Myeg anytime before Raya? Just be patience...

https://klse.i3investor.com/web/stock/overview/5028

Correct. Btw U need to buy tickets before can take the front seat to watch the show? For those worried about EPF, notice that their last disposals was on 1/3 & 29/2 to raise cash to pay latest dividend on 3/3 for you & me....

It takes 2 to Tango, in case many are still wondering why Myeg share price continues to trade sideways instead of going up despite it's good Qtr earnings, proposed Final Dividend of 1.68 sen per share & premature announcement that MOT has approved for implementation on Myeg's E-Driving Test System for L drivers/Driving Schools in Malaysia. Probably Market Operator & small sharks has not completed accumulation from margin traders & weak holders? Those with Diamond 💎 💎 💎 💎 💎 💎 💎 💎 hands are comfortable holding at current level, waiting for opportunity to buy the dip. For fence sitters, 79.5 to 80 sen is just about right to start accumulating based on Myeg's EPS of 2 sen per share for current Qtr. & acquisition of 12.5M Myeg shares by major shareholder Asia Internet @80 sen per share on 5 March. Also daily RSS trading announcement by Bursa is steady as follows:
29/2 13,983,595 0.19%,
1/3 14,267,995 0.19%,
4/3 14,817,595 0.20%,
5/3 14,817,595 0.20%

As for TP, based on its chart, Myeg has been trading in a channel from September till now. Bullishness will be when Myeg breaks 83 to 85 sen. First TP 92 to 96 sen and 2nd TP RM1 & above in time for Raya Celebrations...

Last chance to buy the dip!...

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 0.795
Price 0.795/0.80
Verdict: Uptrend is still intact!

Recap!...
According to DG Immigration, the entry of over two million foreign workers last year contributed to the RM3.31 billion earned from foreign worker levies. Anyone can do the maths on what is Myeg's earnings from Immigration services including insurance for next coming Qtr?...

Just follow EPF...tut tut

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - EMPLOYEES PROVIDENT FUND BOARD | https://www.klsescreener.com/v2/announcements/view/6593607

Redtone or Redflag?...
https://theedgemalaysia.com/node/702024

Morning guys!...tut tut

https://www.nst.com.my/business/insight/2024/02/1016253/capitalising-mr-markets-irrationality

Try this link...
https://www.coingecko.com/en/coins/zetrix

According to DG Immigration, the entry of over two million foreign workers last year contributed to the RM3.31 billion earned from foreign worker levies. Anyone can do the maths on what is Myeg's earnings from Immigration services including insurance?...

Remember when Zetrix was selling at USD5 in October last year & not many dared to buy. Today already gone up by more than 100% to USD11.80. Myeg now selling at 0.785~0.79 & many also don't dare to buy? Don't make the same mistake as not counting Niise contract outcome, Myeg immigration contract extension will assure good income for the next 3 years & price might double to RM1.40 just like Ctos Digital?...tut tut

https://www.freemalaysiatoday.com/category/nation/2024/02/05/immigration-dept-rakes-in-over-rm5-5bil-revenue-in-2023/

How much of the foreign workers fees goes to Myeg?...

Immigration dept rakes in over RM5.5bil revenue in 2023
Foreign worker fees was the largest contributor with over RM3 billion, thanks to the entry of two million workers last year.

FMT Reporters - 05 Feb 2024, 11:50am

Don't let EPF/KWAP & Mr. Wong grab all the cheap & RSS/IDSS shares which has gradually decreased. Most of the weak retail holders has been weeded out as public shareholding has dropped from 40% to 36%, while institutional shareholding has increased proportionally.
Refer link for statistics.
https://ibb.co/YXqPQ4V

CTOS & MYEG has similar Nta but Myeg only 0.78~0.785 while Ctos already more than RM1.4? Who got higher Qtr. Profit? Refer link below for comparison. Elon Musk a Billionaire has 2 eyes, so do we...
Myeg
https://pasteboard.co/gyVzjx5tdeBf.jpg
Ctos https://pasteboard.co/JjGpAODPyh0D.jpg

We all know how VT works. Anyway thxs for the early Ang Pau. Now in new year mood already...tut tut

@kahhoeng

fainted, another pump and dump???

Key words is PM Lee said in a Facebook post that he looks forward to both countries “charting new areas of cooperation, including in trade and investment, tourism, innovation, and the digital and green economies” in which Myeg currently excels? Mr. Wong already strikes the iron while it is still hot?...

According to MOT 350,000 people commute daily from Johor to Singapore for work? Return trips will be another 350,000 commutes. Add on other travellers could reach 1 million trips vise-versa. Myeg could monetise it's expertise on identity security using AI facial recognition & Zetrix Blockchain for passport free travels for Immigration?...
https://www.businesstimes.com.sg/international/singapore-and-malaysia-strengthen-ties-mou-special-economic-zone-johor-rts-link-65

Wonders why Myeg's very silent on its Identity Security expertise & AI facial recognition technology using Zetrix Blockchain, useful for identity security to facilitate Malaysia/Singapore passport free proposal for daily hassle free travels on RTS Link between Johor/Singapore? Should be something's in the works & announcement soon with its current connections with Immigration?...

https://www.linkedin.com/posts/myeg_ai-blockchain-identitysecurity-activity-7148130860590903296-H4Vg

https://www.straitstimes.com/asia/se-asia/johor-chief-moots-qr-code-immigration-clearance-at-land-checkpoints-for-travellers-from-singapore

Morning guys...Net Short Position yesterday (18/1) is only 11,200,227 an increase of 0.01% to 0.15% of total short position from 17/1 on Bursa? Just wondering who got his Shorts liquidated by Banker in the last hour of trading?...tut tut

Net Short position has been dropping from
12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 around 0.14% of total short position indicating sharks has diverted their IDSS to other penny stocks?

@UncleFollower Thxs for your balanced analysis on actual valuation of Myeg. Any idea what is OTB's take on Myeg? For those who haven't committed, now is a good time to accumulate Myeg based on temporary Market weakness. According to Bursa, Net Short Position from IDSS has been dropping from
12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 with around 0.14% of Total Short Position, indicating Sharks has diverted their IDSS play to other penny stocks?...tut tut

Not necessary as 32% shares are tightly held by Institutions, while 30% are held by Mr. Wong & Company. With 38% Myeg shareholding, Retailers are actually the Boss. Once KWAP completes selling of its indirect shares & carries out year end window dressing, the scenario will change soon? Let's stand United to make the BlueSky TP happens soon. Another GameStop in the making?...tut tut

https://finance.yahoo.com/news/e-g-services-berhads-klse-223157482.html

Afternoon!...tut tut

There's currently only 2 Institutional Funds active on Myeg. KWAP sold 0.02% on 22 Nov. & BlackRock acquired 1.65% on 30 November which is a sign of Foreign Institutional Fund's confidence & interest on Myeg profit potential?...
1. Kumpulan Wang Persaraan 7.42%
Shares 553,811,879
Value RM451.4m
Change % 0.02%
Portfolio % 0.82%
Last Reported 22 Nov 23
2. BlackRock, Inc. 2.18%
Shares 162,871,044
Value RM132.7m
Change % 1.65%
Last Reported 30 Nov 23

Morning guys...last chance to buy the dip...we think KWAP is raising cash quick for the coming Government Pension Adjustment in early 2024 so maybe one of the main seller while foreign institutional fund like BlackRock is collecting? For those who believes in Myeg should take opportunity to increase their votes...tut tut
https://www.malaysianow.com/news/2023/09/05/pensions-for-retirees-to-continue-assures-ahmad-maslan