Posted by jack2 > 2023-02-11 10:05 | Report Abuse

EPF sold 50M yesterday, later both EPF AND KWAP rush to sell
tp 10 cts

Posted by Bullbursa > 2023-02-11 10:06 | Report Abuse

20.5m was a direct business transaction

Posted by Bullbursa > 2023-02-11 10:09 | Report Abuse

Myeg will survive without government concessions as reported in theedge weekly today

Posted by cheeseburger > 2023-02-11 10:11 | Report Abuse

eventually all Gov services will be online and direct. No need middleman. Why we need someone to collect money on our behalf if payment can be direct?

Posted by DickyMe > 2023-02-11 10:12 | Report Abuse

" Posted by Opulent > 3 minutes ago | Report Abuse

Myjpj system glitch..everyone trying to log in. Think enforcement is too free to check on every vehicle? In the end who benefits?"
===========================

That is why enforcement is given a monthly salary with benefits.
If you think it is hard work, let others who willing, do the job. You can resign.

Posted by pujut > 2023-02-11 10:13 | Report Abuse

https://www.freemalaysiatoday.com/category/highlight/2023/02/11/myegs-week-from-hell-as-rm2-3bil-vanishes-from-market-cap/

Posted by DickyMe > 2023-02-11 10:14 | Report Abuse

" Posted by cheeseburger > 27 seconds ago | Report Abuse

eventually all Gov services will be online and direct. No need middleman. Why we need someone to collect money on our behalf if payment can be direct?"
=========================

Precisely!

Posted by NatsukoMishima > 2023-02-11 10:14 | Report Abuse

Only bodoh will trust the edge , if u are holder pls jump ship right now to save capital otherwise u will left around 30 sens only until u receive call of god !

Posted by jack2 > 2023-02-11 10:18 | Report Abuse

change of gov is an indication to sell
once epf kwap disposed all
tp10

Posted by Bullbursa > 2023-02-11 10:21 | Report Abuse

Only bodoh people will say other people bodoh

Posted by WinBigOrLoseAll > 2023-02-11 10:21 | Report Abuse

EPF already goyang, yesterday EPF sold small portion. If EPF decided to fully pull out then KWP might not able to hold and follow suit. die lah

Posted by Tryingtogetrich > 2023-02-11 10:23 | Report Abuse

https://www.theedgemarkets.com/node/654847

Posted by Tryingtogetrich > 2023-02-11 10:27 | Report Abuse

Firstly I strongly suspect the NIISe project is dead in the water……. Secondly, u think the government can save cost from doing it themself? Think again lah……the amount of wastages and leakages …. Will end up costing the government more

Posted by Tryingtogetrich > 2023-02-11 10:28 | Report Abuse

Iris already alibaba rm70 million doing nothing !!!!

Posted by TreeTopView > 2023-02-11 10:32 | Report Abuse

Yesterday's MYEG short figures blows the Bursa short positions out of the water.

Total MYEG shorted yesterday, 91,436,700 (Value Rm 56.612,230).

Up massively from Thursday's 17,694,100 shorts and Wednesday's 17,306,500.

Posted by stockraider > 2023-02-11 10:38 | Report Abuse

Do not worry of short term short loh!

If u bought myeg at 61 sen....it is already hugely attractive enough to make good gains loh!

Every short will eventually need to be covered mah!

That means potential future buying power loh!

Always Invest over 1 to 3 yr time frame....u will be well rewarded for this mah!

Posted by cheeseburger > 2023-02-11 10:41 | Report Abuse

the current share price is the lowest since Sept 2020, I believe EPF already holding ~5% share in 2020, so today is 6.224%. Without factor in the share incentives/share entitlements dividend etc, my guess is EPF still making profit for now from myeg. They may further selling to cover their position and cease to be major shareholder. Well time will tell.

Posted by stockraider > 2023-02-11 10:45 | Report Abuse

Always look into earning power of myeg mah!

It is oversea expansion is also reaping in big gain loh!

By 2025....myeg revenue & profits will exceed msia mah!

Also the lost of msia contract will only happen in 2025, there are adequate time to be prepare & reploy resources mah!

Meanwhile Myeg expansion into Philipines, Indonesia & thailand with more than 400 million populations are very timely loh!

It already reaping profit now.....going fwd it will be increasing greatly in the future loh!

Posted by Good123 > 2023-02-11 10:46 | Report Abuse

Epf also left Cypark.. then cypark fly bsck

Posted by adikkici > 2023-02-11 10:46 | Report Abuse

3 days green
0.61-0.8
Then sideway until die

Posted by Good123 > 2023-02-11 10:48 | Report Abuse

Epf pun dah cahut dari cypark. Who care?

Notice of Person Ceasing (Section 139 of CA 2016)
CYPARK RESOURCES BERHAD
Particulars of Substantial Securities Holder
Name EMPLOYEES PROVIDENT FUND BOARD
Address Tingkat 19, Bangunan KWSP, Jalan Raja Laut
Kuala Lumpur
50350 Wilayah Persekutuan
Malaysia.
Company No. EPF ACT 1991
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary Shares
Name of registered holder Citigroup Nominees (Tempatan) Sdn. Bhd.
Address of registered holder Level 42, Menara Citibank, 165 Jalan Ampang, 50450 Kuala Lumpur
Date of cessation 25 May 2022
No of securities disposed 14,788,750
Circumstances by reason of which a person ceases to be a substantial shareholder 1. Disposal of 13,788,750 ordinary shares registered under Employees Provident Fund Board
2. Disposal of 1,000,000 ordinary shares registered under Employees Provident FD BD (ARIM)
Nature of interest Direct Interest

Date of notice 26 May 2022
Date notice received by Listed Issuer 30 May 2022


Remarks :
The direct interest of the Employees Provident Fund Board further to the transaction is as follows:-

Registered under Citigroup Nominees (Tempatan) Sdn. Bhd.
(1) Employees Provident FD BD (CIMB PRI) - 11,441,400 ordinary shares
(2) Employees Provident FD BD (ARIM) - 3,836,800 ordinary shares

Announcement Info
Company Name CYPARK RESOURCES BERHAD
Stock Name CYPARK
Date Announced 30 May 2022
Category Notice of Person Ceasing To Be Substantial Shareholder Pursuant to Section 139 of CA 2016
Reference Number CS3-30052022-00001

Posted by stockraider > 2023-02-11 10:48 | Report Abuse

Those belum beli tiket....better do it now....b4 fly loh!

The myeg roket tak boleh tunggu lama lagi mah!

Posted by cherry88 > 2023-02-11 10:57 | Report Abuse

Honestly, if just analyse from the impact from the JPJ road tax / driving license issues, I don'y see any fundamental / financial impact to MYEG. In fact, the road tax "delivery" services are actually a "loss making" segment in MYEG !
Of course, sentimental may be affected from speculating that all gov services will be "taken out". But again, MYEG future growth is on the blockchain and overseas business. Its bunisess is rather diversified now. I merely comment on its business / fundamental perceptive.
Assume my above point stands, the plunge in share price is a "de-valuation" process to a more reasonable level. Let's play some maths. Assume its quarterly EPS of 1sen, which translates to 4sen per year (exclude those 1 off gain and be more conservative), its current PE valuation is about 15x, which is fair (or even low) under current market condition.

Posted by stockraider > 2023-02-11 11:01 | Report Abuse

Actually no change on roadtax & license renewal mah!
Consumers are given a choice whether want a physically copies as well loh!

Thus most will take the benefit of both world loh!

Posted by Hotstuff > 2023-02-11 11:09 | Report Abuse

I made 3 millions from Cypark because of the panic sell and my greed. now I'm gonna make another 3 millions from MYEG

Posted by David_share > 2023-02-11 11:18 | Report Abuse

The Board of Directors of IRIS wishes to announce that the Company had on 10 February 2023 entered into a Shares Sale Agreement with Tass Tech Technologies Sdn. Bhd. (Company Registration No.: 201601004736 (1175662-D)), a company incorporated in Malaysia, for the disposal of  80% equity interest in Iris Information Technology Systems Sdn Bhd (Company Registration No.: 199101012507 (222819-K)), for a total cash consideration of Ringgit Malaysia Seventy Million (RM70,000,000-00) only.

Posted by David_share > 2023-02-11 11:21 | Report Abuse

Such a good NIISe, only worth 70m?

Posted by cheeseburger > 2023-02-11 11:40 | Report Abuse

no change to renewal, just no longer need to go myeg website to renew.
who told u is just a delivery service and is loss making? consumer pay to myeg and myeg keep the money similar like 3rd party payment services only transfer to gov in later timeline. Is middleman job and imagine how much money you will collect in a day and just apply daily interest that is how much money there they earn in profit...now all gone. The other big slice in immigration services will soon be gone.

Posted by StartOfTheBull > 2023-02-11 11:41 | Report Abuse

Apparently, contracts awarded to the company by the government are being taken away one by one. Shareholders can only hope Myeg can continue to be innovative and secure other contracts to create values of the company to benefit its shareholders.

Posted by Chichi5 > 2023-02-11 11:44 | Report Abuse

So the mjpj app. Is just as app to show u have renew the roadtax? So means payment wise I cna still go to pos, MYEG etc. It won't affect much whatt

Posted by Chichi5 > 2023-02-11 11:44 | Report Abuse

Myeg business is very insurance related. Most of their customer renew roadtax with insurance. Takde sticker takde la cuma they lost in 6 bucks delivery fee je.

Posted by cheeseburger > 2023-02-11 11:55 | Report Abuse

Myjpj just the starter, the main course is NIIse to overtake myeg services. If they can overtake Msia biz, they can be strong competitor for their oversea biz in thai, philipine, vietnam...etc The same thing will happen that is why the panic sell off.

Posted by cheeseburger > 2023-02-11 11:58 | Report Abuse

how competitive it is? NIIse cost about 1.2b whereas the current system cost is already 3.5b, 66% lower to gov saving.

Posted by Chichi5 > 2023-02-11 12:01 | Report Abuse

Niise is oredi being investigated by macc and classified as sick Project. Ya wan take back service also need to see ur own capacity. Mysikap has always been a problem for jpj. Always down. Now u experience mujpjapps sedang down cos of mysikap. Yah they say can scan but device belum ready yet. Everythign pakai cakap je from menteri to show oranf dia buat kerja padahal this digitalisation Sudah prepared way ahead before this kerajaan. They didn't wan to implement because they knew their system couldn't cope with the big influx of of queries. Now u see the app sedang connection error. Didn't sign ip tiba Tiba sign up.

Posted by Bullbursa > 2023-02-11 12:05 | Report Abuse

Myeg have already foreseen this situation, that’s why they hv expanded 4-5x more of other businesses than government concessions contract

Posted by Chichi5 > 2023-02-11 12:07 | Report Abuse

Exactly even now iris offloed 80% of niise to a dunno what company because of macc investigating. We don't even know the niise jadi ke tak. Skin also suposoe to. Jadi tiba Tiba tak jadi. Apapa pun tak. Stable in this country.

Posted by Hotstuff > 2023-02-11 12:09 | Report Abuse

no panic sell how to buy low? any price drop caused by external news are good chances to buy!

Posted by Bullbursa > 2023-02-11 12:09 | Report Abuse

Niise not even live yet..you are thinking too much that it can take over myeg..iris already sold 80% of interest to other company..

Posted by matg > 2023-02-11 12:13 | Report Abuse

BUY when people fear, SELL when people greed.
Time2 merah ni bukan lari tapi perati mana2 konter yg drop sampai strong support, atau yg drop atas trendline..org lari kita beli

Posted by cheeseburger > 2023-02-11 12:20 | Report Abuse

NIIse not live yet bcoz their gov contract only start in 2025. Investigation by MACC is about corruption, it wont affect the gov decision to change services.

Posted by Chichi5 > 2023-02-11 12:27 | Report Abuse

Hello the contract is from 2020 - 2025. In the investigation Sudah cakap the project is in a delay implementation. Lol. Just wait and see la

Posted by Bullbursa > 2023-02-11 12:33 | Report Abuse

All the haters will disappear after few days

Posted by Rio2814 > 2023-02-11 12:37 | Report Abuse

NIISE project 80% sold for 70mil (87.5mil-100%) meaning the
Progress of this project around (87.5/1.2bil) 7.2%
They only completed less than 10% project in 2020-2023?
I'm not sure if this project can be completed by 2025?

Posted by Rio2814 > 2023-02-11 12:38 | Report Abuse

Any opinions?

Posted by kk7198 > 2023-02-11 13:01 | Report Abuse

Well said,Bullbursa.

Posted by Rio2814 > 2023-02-11 13:11 | Report Abuse

NIISE project now handle by Tasa Tech (M) sdn bhd capable handle this big project? I'm not confident
Anyone ada info on Tasa Tech?

Posted by $$ BUYSELL $$ > 2023-02-11 13:17 | Report Abuse

MyEG’s week from hell as RM2.3bil vanishes from market cap

Posted by StartOfTheBull > 2023-02-11 13:18 | Report Abuse

Price stabilised at abt 61c yesterday. It seems if no other positive or negative news next week, those who bought at about 60c yesterday should be happy now.

Posted by Ari Aran Gopalan > 2023-02-11 13:22 | Report Abuse

Monday sure open lower.

Posted by hantamkingg > 2023-02-11 13:51 | Report Abuse

Alot of sour grape here wanna buy cheap