income is wrong as usual dun worry I will propose to Gobermen to tutup all those public hospitals, let the Rakyat die and give the money saved to myeg to run everything
many counters share price drop too. Genting Bhd,(drop.18sens) Genm ( drop 5 sens)tenaga,maxis,etc share price also drop, so normal lah Myeg only 2.5sens. Shorty also had a frustrated day- guess breakeven!! Lets see on Monday...
MyEG Services Bhd continued its share buyback spree on Friday, raising the amount spent by the company to mop up its own shares since Feb 7 to RM10.72 million. The latest buyback involved four million shares at a price of between 66 sen and 68.5 apiece, for a total sum of RM2.7 million. In total, MyEG has bought back 16 million shares for RM10.72 million in the repurchase exercise since Feb 7.
MyEG To Unlock Blockchain Potential 14 Apr 2022 — The research firm expects MyEG to monetise Zetrix via charging gas fees on transactions, tracking fees on the supply chain traceability, ...
The Star https://www.thestar.com.my › myeg... MyEG to unlock blockchain potential 14 Apr 2022 — The research firm expects MyEG to monetise Zetrix via charging gas fees on transactions, tracking fees on the
0138 MYEG MY E.G. SERVICES BHD Immediate Announcement on Shares Buy Back Date of Buy Back : 17/02/2023 Description of Shares Purchased : Ordinary shares No. of Shares Purchased : 4,000,000 shares Minimum Price Paid For Each Share Purchased : RM 0.660 Maximum Price Paid For Each Share Purchased : RM 0.685 Total Consideration Paid : RM 2,699,877.00 No. of Shares Purchased Retained in Treasury : 4,000,000 shares No. of Shares Which Are Proposed To Be Cancelled : 0 shares Cumulative Net Outstanding Treasury Shares As At To-Date : 55,595,400 shares Adjusted Issued Capital After Cancellation : 7,477,571,078 Date Lodged With Registrar of Company : Lodged By : Remarks: 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 Submitted By:
According to UOB Kay Hian Research, Zetrix can provide multi-pronged revenue streams to fuel MyEG’s earnings growth, potentially generating annual revenues of more than RM650 million, excluding ICO proceeds of RM210 million to RM420 million.
MyEG share price may not be reflecting its new businesses as some of these have yet to deliver significantly to the group.
As such, it may be a good move for investors to take some position in the counter before it starts to surge in tandem with the growing top-and-bottom line.
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FirstTake 11/24/2022 11:26 AM Has MyEG been oversold? Time to relook at this counter?
Many counters on Bursa Malaysia had taken a hit when the bourse resumes trading the morning after the political limbo following the nation’s 15th General Elections.
It was akin to a ‘cheap’ sale on Bursa Malaysia and served as a good opportunity to accumulate some stocks seen to be fundamental strong with good growth prospects.
My E.G. Services Bhd is one example of value counter which has been affected by the political saga.
When the counter fell below 80 sen, investors view this as a good entry point given that it reached a 52-week low of 72 sen.
MyEG has been trending up, rising 7% in the past 5 days. As the country is close to getting some certainties (at time of writing) as to the next Prime Minister, the counter jumped to an intraday high of 84.5 sen on Nov 24 from its previous close of 79.5 sen.
Though it is still far from its 52-week high of RM1.13, investors are positive the company will post much better 3QFy22 results, underlining its strong fundamentals and exciting growth prospects.
Historically, there has been larges swings in the electronic government solutions and services provider shares, which are seen to be dependent on the ruling government of the day.
Such assumption is only normal given that the company’s business are mainly derived from its e-goverment services which include the renewal of drivers' licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems.
So far, with a number of changes in the country’s premiership, MyEG has not seen any negative impact on its services to the government.
In fact, it should continue to benefit on rising demand for e-government services.
As it is, MyEG saw a 10.4% increase in net profit to RM88.6 million in 2QFY22 from RM80.7 million a year ago as it benefitted from the resumption of full operations of its e-service centres nationwide.
The higher contribution from the foreign worker job matching service and sale of Zetrix token also helped drive its profit in 2QFY22.
Many analysts expect its 3Q results to be good as well and this should be an added boost to its share price.
That said, the company has continuously introduce innovative services by leveraging new technologies as ways to reduce dependency on its e-government projects.
It has expanded its services to include commercial offerings in areas such as immigration, automotive, healthcare and financial services.
New on its business portfolio is its blockchain platform.
It has recently inked a 4-year collaboration agreement with the Institute of Industrial Internet and Internet of Things of the China Academy of Information and Communications Technology.
Under the deal, MyEG will own and operate the Xinghuo International Supernode that will provide connectivity from China to the rest of the world.
It said the agreement also entails the cross-border adoption and utilisation of the latest Decentralised Identifier standard to gradually create the Web3 of China and beyond.
Domestically, MyEG has teamed up with Mimos Technology Solutions Sdn Bhd to look into developing a national public blockchain using MyEG’s blockchain platform, Zetrix, and Mimos blockchain technology as the components of the Malaysia BlockChain Technology, which is a key element of the government’s National Blockchain Roadmap launched on Aug 9.
MarketScreener www.marketscreener.com › ... MYEG's Zetrix Partners Ambank to Pilot Trade Financing on Blockchain ... 6 Oct 2022 — The launch of the pilot was announced alongside the Memorandum of Understanding between MYEG and MIMOS Technology Solutions Sdn Bhd to jointly ...
Investing.com www.investing.com › news Zetrix and MIMOS Sign MOU For Malaysia's Public Blockchain Infra 7 Oct 2022 — Zetrix was founded and operated by MY E.G. Services Berhad (MYEG), ... Malaysia's Public Blockchain
MarketScreener https://www.marketscreener.com › ... MYEG's Zetrix Partners Ambank to Pilot Trade Financing on Blockchain ... 6 Oct 2022 — The launch of the pilot was announced alongside the Memorandum of Understanding between MYEG and MIMOS Technology Solutions Sdn Bhd to jointly ...
Investing.com https://www.investing.com › news Zetrix and MIMOS Sign MOU For Malaysia's Public Blockchain Infra 7 Oct 2022 — Zetrix was founded and operated by MY E.G. Services Berhad (MYEG), ... Malaysia's Public Blockchain
CoinGecko www.coingecko.com › coins Zetrix Price: ZTX Live Price Chart & News Zetrix is an upcoming cryptocurrency and its price is currently unavailable. Market data will be available soon and 21 users have added this coin onto their ...
MarketScreener https://www.marketscreener.com › ... MYEG's Zetrix Partners Ambank to Pilot Trade Financing on Blockchain ... 6 Oct 2022 — The launch of the pilot was announced alongside the Memorandum of Understanding between MYEG and MIMOS Technology Solutions Sdn Bhd to jointly ...
Investing.com www.investing.com › news Zetrix and MIMOS Sign MOU For Malaysia's Public Blockchain Infra 7 Oct 2022 — Zetrix was founded and operated by MY E.G. Services Berhad (MYEG), ... Malaysia's Public Blockchain
CoinGecko https://www.coingecko.com › coins Zetrix Price: ZTX Live Price Chart & News Zetrix is an upcoming cryptocurrency and its price is currently unavailable. Market data will be available soon and 21 users have added this coin onto their ...
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Henryjohny
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Posted by Henryjohny > 2023-02-18 17:37 | Report Abuse
share buy back will not save price from selling presure