iris sure down tomorrow but not so sure for myeg. Bad news: myeg is also involved in corruption linked to s5h and niise project. Good news: niise now classified as sick project thus will be cancelled, and myeg's myimms concession likely to be renewed since any other competitive system is yet to be introduced.
Bombshells: Bad news: myeg is also involved in corruption linked to s5h and niise project??? I don’t touch myeg and iris. Wait until MACC gives verdict lah.
It's the WHO, WHO in Iris that has taken NIISE off MYEG and any other smaller players, not whether they have the ability, cash flow or know how to manage it. The initial set up of the operation nation wide would have cost them way over RM$900M. The NIISE project is worth over RM$3B on the low side. With $$$ like that flying around, MACC should seriously have a closer look at it. There is always going to be somebody trying to offer something and somebody taking something. Temptation is too great.
Why MYEG drop? Due to immigration dept will handle the transaction by themselves by using NIISE System. Now the project classified as sick project. The question now is whether immigration department can handle the project by 2025? If can what will happen to MYEG? Next question is if MYEG are involved in bribes and how that will impact? Tak perlu fight, wait till 9am and we will know the answer. Naik or turun
Change in the Interest of Substantial Shareholder (202302083600168) Company Name MY E.G. SERVICES BHD Stock Code / Short Name 0138 / MYEG Date & Time Announce 08/02/2023 07:00:01 AM Subject Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Content Substantial Shareholder's Particulars Name : KUMPULAN WANG PERSARAAN (DIPERBADANKAN) Address : Level 36, Integra Tower The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur Wilayah Persekutuan Malaysia NRIC/Passport No/Company No. : KWAPACT6622007 Nationality/Country of Incorporation : Malaysia Descriptions(Class & nominal value) : Ordinary shares
Name & address of registered holder You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Details Date of Change No of shares Price Transacted(RM) Transaction type 07/02/2023 8,070,600 0.000 Disposed 07/02/2023 17,371,200 0.000 Acquired
Description of other type of transaction : Circumstances by reason of which change has occured 1. Acquisition of shares in open market by KWAP's Fund Manager2. Disposal of shares in open market by KWAP's Fund Manager
Nature of interest : Indirect Interest Direct (units) : 454,129,864 Direct (%) : 6.107%
Total no of shares after change : 542,429,221 Date of notice : 08/02/2023
Remarks The percentage of direct and indirect interests as at Date of Notice exclude 41,595,400 ordinary shares bought back by the Company and retained as treasury shares. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Change in the Interest of Substantial Shareholder (202302083600158) Company Name MY E.G. SERVICES BHD Stock Code / Short Name 0138 / MYEG Date & Time Announce 08/02/2023 07:00:01 AM Subject Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
Content Substantial Shareholder's Particulars Name : EMPLOYEES PROVIDENT FUND BOARD Address : 5th Floor, EPF Tower No. 1, Persiaran Kwasa Utama 40150 Shah Alam Selangor Malaysia NRIC/Passport No/Company No. : EPF Act 1991 Nationality/Country of Incorporation : Malaysia Descriptions(Class & nominal value) : Ordinary shares
Name & address of registered holder You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
Details Date of Change No of shares Price Transacted(RM) Transaction type 02/02/2023 1,544,800 0.000 Acquired
Description of other type of transaction : Circumstances by reason of which change has occured Acquisition of shares
Nature of interest : Direct Interest Direct (units) : 512,966,176 Direct (%) : 6.897%
Total no of shares after change : 512,966,176 Date of notice : 03/02/2023
Remarks The percentage of direct interest as at Date of Notice excludes 39,595,400 ordinary shares bought back by the Company and retained as treasury shares. You are advised to read the entire contents of the announcement or attachment. To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
A source close to MACC said the investigations are focused on possible abuse of power in the award of the National Integrated Immigration System (NIISe).
"MACC is looking at how the contract was given and the company's links to those who were in power at the time," the source said.
There have been suggestions that NIISe, which is being developed to replace the Immigration Department's existing foreign workers registration mechanism by 2025 is a sick project.
thats not an announcement its just a statement from the DG not from the ministry dept, anything can happen . from SKin to Niise . lollllllllllllllllllllllllllllllllll
Politic related counters really full of surprises everyday Tuesday ditch MYEG Wednesday rumours IRIS bribe, sick project Thursday EPF confident pump Friday how? Government announce continue with myIMMs because no better solution?
KUALA LUMPUR: Dua institusi pelaburan berkaitan kerajaan (GLIC), Kumpulan Wang Simpanan Pekerja (KWSP) dan Kumpulan Wang Persaraan (Diperbadankan) (KWAP) meningkatkan pegangan dalam MyEG Services Bhd dalam urus niaga masing-masing pada 2 dan 7 Februari lalu.
Susulan itu, KWSP ketika ini memiliki pegangan langsung sebanyak 512.966 juta saham atau 6.897 peratus dalam MyEG.
Sementara itu, KWAP pula memiliki pegangan langsung sebanyak 454.129 juta saham atau 6.17 peratus dan pegangan tidak langsung 88.299 juta saham atau 1.187 peratus dalam MyEG. Pegangan keseluruhannya adalah 542.429 juta saham.
KWSP menambah pegangan saham dalam MyEG sejak Disember tahun lalu. Setakat ini, ia telah membeli 12.8 juta saham secara keseluruhan.
Dalam pemfailan berasingan kepada Bursa Malaysia, My EG memaklumkan Kumpulan Wang Persaraan (Diperbadankan) telah membeli 17.37 juta saham syarikat itu dan turut menjual 8.07 juta saham. Kedua-dua urus niaga itu berlaku di pasaran terbuka pada 7 Februari.
MyEG kekal menjadi kaunter antara paling aktif didagangkan, selepas harga sahamnya jatuh ke paras terendah 26 bulan pada 7 Februari lalu.
Gelombang jualan itu tercetus berikutan laporan semua perkhidmatan dan proses imigresen akan kembali semula kepada Jabatan Imigresen menjelang 2025, termasuk yang diuruskan oleh pihak ketiga seperti MyEG.
Ketua Pengarah Imigresen, Khairul Dzaimee Daud ketika dipetik New Straits Time (NST), berkata langkah itu susulan pelaksanaan Sistem Imigresen Bersepadu Kebangsaan (NIISe), di mana RM900 juta diperuntukkan kepada Kementerian Dalam Negeri.
Menurut NST, Khairul berkata, NIISe menjadi pemangkin perubahan menambah baik kecekapan jabatan itu termasuk memudahkan pengguna.
"Saya kadang-kadang menerima laporan gangguan teknikal dalam Sistem Imigresen Malaysia (myIMMs), di mana kita sudah menggunakannya hampir 13 tahun. NIISe akan menggantikan sistem itu dalam tempoh dua tahun.
"NIISe juga akan menggantikan semua transaksi imigresen, termasuk visa, permit kerja dan permohonan serta pembaharuan pasport, selain pemeriksaan di lapangan terbang dan pelabuhan," katanya.
Berdasarkan laporan media sebelum ini juga, pada Julai 2020, Putrajaya memberi lanjutan tiga tahun kepada MyEG menguruskan pembaharuan dalam talian pas lawatan kerja sementara bagi pekerja asing. Kontrak itu dianggarkan bernilai RM208 juta.
Khairul berkata, sistem baharu dijangka menamatkan barisan panjang dan tempoh menunggu lama di kaunter imigresen di lapangan terbang kerana urusan dilakukan automatik.
"Contohnya, kita mampu mengurangkan jumlah kaunter manual dari 38 (kini) kepada 15. Lebih ramai pelawat luar juga dibenar menggunakan e-gates.
"Bagaimanapun, sudah pasti kita tidak boleh membenarkan semuanya melalui e-gates kerana faktor keselamatan," katanya.
NIISe membabitkan pangkalan data bersepadu lebih 20 agensi di negara ini, termasuk polis dan Jabatan Pendaftaran Negara (JPN).
Khairul berkata, permohonan pasport lebih mudah dengan pangkalan data bersepadu itu memandangkan pihak jabatan secara mudah menentusahkan sebarang maklumat dengan JPN.
Dalam pada itu, syarikat berkenaan dalam pengumuman kepada Bursa Malaysia petang semalam berkata, syarikat itu tidak mengadakan sebarang pertemuan dengan kerajaan berhubung langkah untuk meletakkan semua transaksi berkaitan imigresen di bawah Sistem Imigresen Bersepadu Kebangsaan (NIISe).
MyEG berkata, tiada sebarang perbincangan antara Lembaga Pengarahnya dengan Kementerian Dalam Negeri (KDN) atau Jabatan Imigresen Malaysia (JIM) mengenai cadangan kerajaan menyatukan semua transaksi imigresen di bawah NIISe.
"Lembaga Pengarah akan membuat pengumuman berkaitan kepada Bursa Malaysia sekiranya terdapat sebarang maklumat penting termasuk di bawah Keperluan Penyenaraian Pasaran Utama," katanya.
Uncertainty casted over its immigration biz; TP cut We had a conversation with the management following the news implying MyEG will no longer be involved in the nation’s immigration system by 2025. The related concession business comprises c.10% of MyEG’s FY23E revenue, and its ancillary business could also be impacted. We make no change to our earnings forecasts, though our TP is cut to MYR1.01 (-26%) as we change our valuation methodology to SOTP (PER previously). Maintain BUY; its new businesses could grow to fill the void by then.
KUALA LUMPUR: Bursa Malaysia has suspended the short selling of MY E.G. Services Bhd's (MyEG) shares for the rest of the day under proprietary day trading (PDT) and intraday short selling (IDSS).
The suspension was made after the e-government services provider's stock dropped more than 15 per cent, or 15 sent, from the reference price.
As at 10.15am, MyEG Services Bhd slumped 19.5 sen or 20.42 per cent to 76 sen, amid news that all immigration services and processes would be fully managed by the Immigration Department by 2025.
"The short selling under PDT and IDSS will only be activated the following trading day, on Wednesday, at 08:30 am," Bursa said today.
The New Straits Times reported on Monday that by 2025, all immigration-related affairs, including those now managed by outside parties, such as MyEG, would revert to the Immigration.
Besides passport renewals and visa applications, applications and renewals of foreign worker and maid permits would be handled by the department when it rolls out its National Integrated Immigration System (NIISe), the Immigration director-general Datuk Khairul Dzaimee Daud told the NST.
Under the current Malaysian Immigration System (MyMIMMs), some services - termed "patch-on" services - are outsourced to independent contractors.
Meanwhile, Affin Hwang Capital downgraded MyEG to "Hold" from "Buy" with a lower target price of 93 sen from RM1.23 on heightened policy risks.
"Broadly, we expect the news and policy risks to weaken investors' interest in MyEG, considering the material revenue contribution from its immigration-related businesses.
"On the other hand, MyEG's steady 2022-2024 earnings outlook, stable revenue from the road-transport businesses, exciting new business opportunities, and potential business opportunities from NIISe related works should help support its share price," it said in a note today.
Affin Hwang, however, maintained MyEG 2022-2024 earnings forecasts.
"We now peg our price target at 19x 2023 price earnings ratio (PER) (from 25x), in line with MyEG's five-year average PER."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Investgaogao
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Posted by Investgaogao > 2023-02-08 22:49 | Report Abuse
Hahaha... Why sudden course teaching guys here :) can get rid of it??? The comments here getting interesting