Anthony Loke always put Malaysia in the first place. INVESTOR should calculate the risk before invest. MyEG also should diversify its BUSINESS so that its not fully dependent to Malaysia government.
Wow!!...that's a first....you mean the Management didn't know what was about to happen??? Or that they SHOULD be notified before hand to have Insider knowledge?????? That's crude, very crude..............on Wall Street, does the SEC notify the company of impending MOU? Revealing Insider info before made Public????
So, all the opinion no one use myeg because of that just make me feel weird as all the while also people got other option to do all this, i mean renew license/roadtax la, not to said you are force to use this as the only way..........the new thing is only now can online view our license/road tax........unless all the while only myeg can view license/roadtax, then i agreed this is big impact lol
myeg and consortium lost in their bid for 2016 Rm3.5B SKIN project (lost to Awan Biru (formerly known as Prestariang) - open tender, fair enough!!! but this NIISE, why MYEG not given a chance to tender the project???? Is MYEG not one of the leading Tech player in Malaysia?? Fishy enough, IRIS wholly owned IITS won NIISE Rm1.33B, by right should be a flagship project for them and profitable one, but why on 10/2/2023 sold 80% equity to a nobody sdn bhd company at only Rm70M???? who can answer this?
Which is why Moo is under investigation by MACC.........for the 1.3 Billion project awarded......understand?? You must have missed the News when broke out that some lucrative Contract was award to somebody's son-in-law???
Too bad, people not really buy only on all this if, more to see sentiment and sign from throwing then will be following, surely time will also tell which once drop, you need a spark to drive back up........
pls don buy myeg. its f up company. government edi cut tie with it. sell if you hold any single unit of the share before it tumble into zero. myeg is dead.
pls don argue with so hai bob who is the greatest stock trader of all time. no one can doubt him, best him, overtake him. he's the only one with 100% guarantee return of all his investment. a god trader in KLSE
all the while mysikap can do la but u need fizikally go to jpj counter to take the roadtax maaaaaaa. now we are talking bout myjpj appppppp .diff laaaaaaaaaa....... sama sama la dengan i masuk bjak myeg and mbb all also can laaaaaaaaaa only diff now no more fizikal roadtax
the advantage of myeg is they deliver the roadtax to your doorstep, now physical roadtax is no longer mandatory then their selling point is gone. so they are equal with the other competitors now and may lose many customers so obvious you can't tell???
depends on ppl lo . those that wan to do insurance + roadtax lazy to compare insurance will go to myeg lo .those that so rajin like me compare insruance go post office lo. at the end ppl still go to either these 2 options instead of jpj mysikap because the system ALWAYS DOWNNNNNNNNNNNNN...................
KUALA LUMPUR: Iris Corp Bhd may steal the spotlight on Monday after the past four trading days saw MY E.G Services Bhd (MyEG) shares taking a beating that shaved the company's market value by RM2.31 billion.
Iris could be staring at a sell-down after moving to dispose of 80 per cent of its stake in a wholly-owned subsidiary that is developing a RM1.12 billion National Integrated Immigration System (NIISe), a project that is being probed for possible abuse of power.
Both Iris and MyEG provide e-services and solutions for the government.
Iris shares had been mildly affected while MyEG suffered a sell-down last week.
This was fuelled by a double dose of bad news that MyEG might lose its immigration concession and that the road tax stickers that it supplies to the Road Transport Department were no longer mandatory for owners of private vehicles.
As MyEG shares plunged to 61 sen last Friday from 96 sen a week earlier, Iris saw its shares coming out generally unscathed until last Thursday.
Unlike MyEG which is listed on Bursa Malaysia's Main Market, Iris has its shares quoted on the secondary ACE Market.
Still, Iris has enough magnets to pique investors' interest given its high-profile business of providing e-services and solutions to various governments including some in Africa.
Iris had on Friday announced that it was selling the 80 per cent stake in Iris Information Technology Systems Sdn Bhd (IITS) for RM70 million to little-known Tass Tech Technologies Sdn Bhd.
News of the disposal came a day after former prime minister Tan Sri Muhyiddin Yassin denied any involvement in the NIISe contract to the firm, for which there had been an open tender.
Muhyiddin said the contract was done in accordance with the government's standard procedures and was supervised by the Finance Ministry and other relevant ministries.
The NIISe was reportedly mooted by Muhyiddin when he was the Home Minister in the Pakatan Harapan government.
This was after the reported RM3.5 billion Sistem Kawalan Imigresen Nasional awarded to Prestariang Bhd, now known as AwanBiru Technology Bhd, was cancelled by him because of high costs.
Last Wednesday, FMT reported that the Malaysian Anti-Corruption Commission was investigating the award of the contract to Muhyiddin's son-in-law Datuk Muhamad Adlan Berhan.
Adlan was named in media reports in 2020 as being linked and possibly a key player in the contract for the NIISe.
Iris shares lost 3.57 per cent to close at 14 sen on Friday, giving it a market value of RM440 million. Year-to-date, the stock remained flat at 14 sen.
Investors' eyes will also train on the new majority owner of NIISe.
Questions will be asked on the real reason for Iris to sell the NIISe developer, IITS, to Tass Tech as well as the actual owners of the latter.
In its Bursa filing, Iris said the disposal would enable it to unlock its value of investment in IITS.
In the same filing, the directors of Tass Tech are listed as Raja Muhd Badiuzzaman Raja Chulan and Malisa Mohd Zaki.
Tass Tech is wholly-owned by Tass Tech (Malaysia) Sdn Bhd.
If there isn't any better option (Conveniences plus lower fees) I will still stick to Myeg to renew my car road tax and insurance for now. Maybe later Myeg can offer some discount, who knows?
The same thing in my mind, people don choose to buy insurance from myeg purely bcs easy to renew road tax lol, insurance is more important to choose the right one compare to road tax which is the same no matter where you got it from..........
Anyway, this is just pointless as basically the sell down not really can based on reasoning purely, it is to sentiment than to pure data/facts and time only will show which might be in 1-2 years to reflect out............
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Failed to login via myjpj apps and website… was instructed by the apps and website to go jpj to get things sorted out… oh my goodness! Myjpj is total failure!
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ken2004
1,697 posts
Posted by ken2004 > 2023-02-12 16:21 | Report Abuse
Actually I feel weird why said myeg is the only place can renew online as so many online method to renew actually, https://mytukar.com/blog/how-to-do-online-road-tax-renewal-with-myeg-jpj/, myeg is not the one place we do actually........