MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.875

Today's Change

-0.01 (1.13%)

Day's Change

0.87 - 0.885

Trading Volume

20,705,200


68 people like this.

66,991 comment(s). Last comment by hng33 12 hours ago

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:00 | Report Abuse

PROFIT & LOSS
Year to 31 Dec (RMm) 2021 2022F 2023F 2024F
Net turnover 724 654 737 821
EBITDA 374 438 474 537
Deprec. & amort. 48 82 102 119
EBIT 326 356 373 417
Associate contributions n.a. n.a. n.a. n.a.
Net interest income/(expense) (7) (6) (3) (2)
Pre-tax profit 319 350 370 415
Tax (4) (2) (2) (3)
Minorities (1) 0 (1) (2)
Net profit 315 347 366 410
Net profit (adj.) 315 347 366 410

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:01 | Report Abuse

BALANCE SHEET
Year to 31 Dec (RMm) 2021 2022F 2023F 2024F
Fixed assets 543 735 914 1,074
Other LT assets 690 587 587 588
Cash/ST investment 89 396 409 495
Other current assets 564 356 393 430
Total assets 1,886 2,141 2,440 2,794
ST debt 65 8 3 0
Other current liabilities 178 226 212 218
LT debt 96 50 40 31
Other LT liabilities 6 3 3 3
Shareholders' equity 1,547 1,860 2,187 2,544
Minority interest (6) (5) (4) (2)
Total liabilities & equity 1,886 2,141 2,440 2,794

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:01 | Report Abuse

CASH FLOW
Year to 31 Dec (RMm) 2021 2022F 2023F 2024F
Operating 113 666 418 499
Pre-tax profit 321 350 370 415
Tax (2) (2) (2) (3)
Deprec. & amort. 65 82 102 119
Associates 0 0 0 0
Working capital changes (256) (237) (51) (33)
Other operating cashflows (15) 0 0 0
Investing (328) (230) (280) (279)
Capex (growth) (215) (230) (280) (280)
Investments (8) 0 0 0
Proceeds from sale of assets 0 0 0 0
Others (106) 0 0 1
Financing 70 (119) (125) (135)
Dividend payments (79) (104) (110) (123)
Issue of shares 240 0 0 0
Proceeds from borrowings 21 0 0 0
Loan repayment (30) (15) (15) (12)
Others/interest paid (81) 0 0 0
Net cash inflow (outflow) (145) 317 13 86
Beginning cash & cash equivalent 225 79 396 409
Changes due to forex impact 0 0 0 0
Ending cash & cash equivalent 89 396 409 495

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:01 | Report Abuse

KEY METRICS
Year to 31 Dec (%) 2021 2022F 2023F 2024F
Profitability
EBITDA margin 51.6 67.0 64.4 65.4
Pre-tax margin 44.1 53.5 50.2 50.6
Net margin 43.4 53.1 49.7 49.9
ROA 19.0 17.3 16.0 15.7
ROE 23.3 20.4 18.1 17.3

Growth
Turnover 36.2 (9.7) 12.6 11.4
EBITDA 19.8 17.2 8.3 13.1
Pre-tax profit 17.3 9.6 5.7 12.2
Net profit 15.7 10.4 5.4 12.0
Net profit (adj.) 15.7 10.4 5.4 12.0
EPS (43.7) 10.4 5.4 12.0

Leverage
Debt to total capital 9.4 3.0 1.9 1.2
Debt to equity 10.4 3.1 1.9 1.2
Net debt/(cash) to equity 4.6 (18.2) (16.8) (18.2)
Interest cover (x) 55.6 69.3 164.0 253.5

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:03 | Report Abuse

Separately, we understand the government is calling for a tender for the JPJ
Digitalisation Project, and MYEG appeals as one of the leading contenders.

Good123

26,444 posts

Posted by Good123 > 2023-02-20 18:04 | Report Abuse

• Introduction of MyJPJ and e-road tax does not invalidate MYEG’s portal. Despite the
introduction of the new MyJPJ app and e-LKM (digital road tax), we understand that the road
tax renewal can still be done through all existing channels such as MYEG, JPJ portals and
post offices. Furthermore, we believe that most users will still opt for the more integrated
MYEG portal as the government portal does not provide ancillary services. Various social
media sources of user feedbacks on the MyJPJ system have expressed disappointment, and more importantly, our informal survey showed that many people
still prefer to have physical licenses as they are concerned over cyber security and also
pragmatic impediments in police roablocks.

limitup4u

403 posts

Posted by limitup4u > 2023-02-20 18:18 | Report Abuse

70% of the post are flooded from good123...

i3lurker

14,390 posts

Posted by i3lurker > 2023-02-20 18:27 |

Post removed.Why?

Good123

26,444 posts

Posted by Good123 > 2023-02-20 19:01 | Report Abuse

Last Price

0.675

Avg Target Price

1.28

https://klse.i3investor.com/web/stock/analysis-price-target/0138

Good123

26,444 posts

Posted by Good123 > 2023-02-20 19:42 | Report Abuse

Next myeg, ada? :)

HK group buys stake in Malaysian insurer
FWD acquires majority stake in Gibraltar BSN to tap into Southeast Asia’s growth potential.

Bloomberg - 20 Feb 2023, 10:43am

Good123

26,444 posts

Posted by Good123 > 2023-02-20 19:49 | Report Abuse

Perkeso juga one of the largest shareholders in myeg sampai sekarang. Tunggu harga naik to play catch up je :)


CYPARK Resources Bhd has attracted greater investor interest over the past few weeks, with the renewable energy and solid waste management company’s share price rising more than 200% since Dec 23, 2022, coinciding with the emergence of three substantial shareholders — Jakel Capital Sdn Bhd, Chung Chee Yang and Pertubuhan Keselamatan Sosial (Perkeso).

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:08 | Report Abuse

Good news dah datang dah .. chairlady pun sapu :)

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
MY E.G. SERVICES BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 16 Feb 2023

No Salutation Name Designation Description Of "Others" Designation
1 DATO' DR NORRAESAH BINTI HAJI MOHAMAD Others Executive Chairman
Type of Transaction Acquired
Description of "Others" Type of Transaction
Date of Transaction 20 Feb 2023
Description of Securities Ordinary shares
No of Securities Transacted 1,500,000
% of Securities Transacted 0.020
Consideration Malaysian Ringgit (MYR) 0.676


Remarks :
1. Acquisition of shares.

2. The percentage of direct interest as at the Date of Notice excludes 55,595,400 ordinary shares bought back by the Company and retained as treasury shares.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 20 Feb 2023
Category Dealings in Listed Securities (Chapter 14 of Listing Requirements)
Reference Number DLR-20022023-00022

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:08 | Report Abuse

Sapu macam tiada hari esok

Changes in Director's Interest (Section 219 of CA 2016)
MY E.G. SERVICES BERHAD

Information Compiled By KLSE

Particulars of Director
Name DATO' DR NORRAESAH BINTI HAJI MOHAMAD
Descriptions(Class) Ordinary shares
Details of changes
No
Date of change
No of securities
Type of transaction
Nature of Interest
1
20/02/2023
1,500,000
Acquired
Direct Interest
Name of registered holder Dato' Dr Norraesah Binti Haji Mohamad
Description of "Others" Type of Transaction
Consideration (if any) RM0.676

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Total no of securities after change
Direct (units) 53,365,834
Direct (%) 0.719
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0.000
Date of notice 20/02/2023
Date notice received by Listed Issuer 20/02/2023


Remarks :
The percentage of direct interest as at the Date of Notice excludes 55,595,400 ordinary shares bought back by the Company and retained as treasury shares.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 20 Feb 2023
Category Changes in Director's Interest Pursuant to Section 219 of CA 2016
Reference Number CS4-20022023-00025

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:09 | Report Abuse

DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS) : DEALINGS DURING CLOSED PERIOD
MY E.G. SERVICES BERHAD

Subject Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" 26 Jan 2023

No Salutation Name Designation Description Of "Others" Designation
1 MR WONG THEAN SOON Others Group Managing Director
Type of Transaction Acquired
Description of "Others" Type of Transaction
Date of Transaction 20 Feb 2023
Description of Securities Ordinary shares (Direct Interest)
No of Securities Transacted 3,500,000
% of Securities Transacted 0.047
Consideration Malaysian Ringgit (MYR) 0.678
2 MR WONG THEAN SOON Others Group Managing Director
Type of Transaction Acquired
Description of "Others" Type of Transaction
Date of Transaction 20 Feb 2023
Description of Securities Ordinary shares (Indirect Interest)
No of Securities Transacted 1,500,000
% of Securities Transacted 0.020
Consideration Malaysian Ringgit (MYR) 0.655


Remarks :
1. Acquisition of shares via direct and indirect interests.

2. The percentage of direct and indirect interests as at the Date of Notice exclude 55,595,400 ordinary shares bought back by the Company and retained as treasury shares.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 20 Feb 2023
Category Dealings in Listed Securities (Chapter 14 of Listing Requirements)
Reference Number DLR-15022023-00023

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:09 | Report Abuse

Changes in Sub. S-hldr's Int (Section 138 of CA 2016)
MY E.G. SERVICES BERHAD

Particulars of substantial Securities Holder
Name ASIA INTERNET HOLDINGS SDN. BHD.
Address B-3-9, 3rd Floor, Block B, Megan Avenue II
12 Jalan Yap Kwan Seng
Kuala Lumpur
50450 Wilayah Persekutuan
Malaysia.
Company No. 199801007297 (463424-W)
Nationality/Country of incorporation Malaysia
Descriptions (Class) Ordinary shares
Details of changes
No Date of change
No of securities
Type of Transaction Nature of Interest
1 20 Feb 2023
1,500,000
Acquired Direct Interest
Name of registered holder Asia Internet Holdings Sdn. Bhd.
Address of registered holder B-3-9, 3rd Floor, Block B, Megan Avenue II 12 Jalan Yap Kwan Seng 50450 Kuala Lumpur Wilayah Persekutuan Malaysia
Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred Acquisition of shares
Nature of interest Direct Interest
Direct (units) 1,307,966,115
Direct (%) 17.623
Indirect/deemed interest (units) 0
Indirect/deemed interest (%) 0
Total no of securities after change 1,307,966,115
Date of notice 20 Feb 2023
Date notice received by Listed Issuer 20 Feb 2023


Remarks :
The percentage of direct interest as at the Date of Notice excludes 55,595,400 ordinary shares bought back by the Company and retained as treasury shares.

Announcement Info
Company Name MY E.G. SERVICES BERHAD
Stock Name MYEG
Date Announced 20 Feb 2023
Category Change in the Interest of Substantial Shareholder Pursuant to Section 138 of CA 2016
Reference Number CS2-15022023-00072

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:13 | Report Abuse

Actively traded sejak kena attack :)

2023-02-20 0.675 +0.015 (2.272%)
2023-02-17 0.66 -0.025 (3.649%)
2023-02-16 0.695 0.00 (0.00%)
2023-02-15 0.695 +0.07 (11.20%)
2023-02-14 0.625 +0.02 (3.305%)
2023-02-13 0.605 -0.005 (0.819%)
2023-02-10 0.61 -0.105 (14.685%)
2023-02-09 0.715 0.00 (0.00%)
2023-02-08 0.715 +0.015 (2.142%)
2023-02-07 0.70 -0.255 (26.701%)
2023-02-03 0.955 +0.03 (3.243%)

Good123

26,444 posts

Posted by Good123 > 2023-02-20 20:31 | Report Abuse

Memerlukan kereta dengan ruang yang lebih besar? Jangan risau, MyMotor kan ada.

Jom dapatkan kereta yang terbaik di MyMotor sekarang!

Nak tahu dengan lebih lanjut, hubungi kami di 017-2244105.

#myeg #mymotor #leasing #car

Peace99

2,264 posts

Posted by Peace99 > 2023-02-20 21:49 | Report Abuse

Action is what counts! A big Thank You to Mr Wong and Dato' Dr Norraesah for setting good examples!!

Good123

26,444 posts

Posted by Good123 > 2023-02-20 22:03 | Report Abuse

insiders lebih bijak :)

2023-02-20

Insider

MR WONG THEAN SOON (a substantial shareholder) acquired 3,500,000 shares on 20-Feb-2023.

2023-02-20

Insider

MR WONG THEAN SOON (a substantial shareholder) acquired 1,500,000 shares on 20-Feb-2023.

2023-02-20

Insider

ASIA INTERNET HOLDINGS SDN. BHD. (a substantial shareholder) acquired 1,500,000 shares on 20-Feb-2023.

2023-02-20

Insider

DATO' DR NORRAESAH BINTI HAJI MOHAMAD (a company director) acquired 1,500,000 shares at 0.676 on 20-Feb-2023.

2023-02-20

Insider

MR WONG THEAN SOON (a company director) acquired 3,500,000 shares at 0.678 on 20-Feb-2023.

2023-02-20

Insider

MR WONG THEAN SOON (a company director) acquired 1,500,000 shares at 0.655 on 20-Feb-2023.

Good123

26,444 posts

Posted by Good123 > 2023-02-20 22:04 | Report Abuse

Selamat Menyapu Syer Myeg yang undervalued, Insiders! Syabas

Good123

26,444 posts

Posted by Good123 > 2023-02-20 22:21 | Report Abuse

Perkeso, third largest shareholder of myeg @13 Feb 2023... Terindah!!! Sama macam cypark. Perkeso tetap one of the largest shareholders

Nature of interest Indirect Interest
Direct (units) 454,129,864
Direct (%) 6.11
Indirect/deemed interest (units) 86,793,257
Indirect/deemed interest (%) 1.168

Good123

26,444 posts

Posted by Good123 > 2023-02-20 22:22 | Report Abuse

MyEG Services is making strides in its collaborative research with strategic partners UM and CAICT. @myegclub

#MyEG #UM #CAICT #Web3 #Zetrix #Blockchain #SmartContracts #BeltandRoadInitiative #4IR

charlie chia

2,151 posts

Posted by charlie chia > 2023-02-20 22:35 | Report Abuse

Directors keep on buying
Q4 must be good
Let us HUAT Lah

RCZ2020

848 posts

Posted by RCZ2020 > 2023-02-21 00:15 | Report Abuse

Yes I believe should be good. Let's wait and see

Good123

26,444 posts

Posted by Good123 > 2023-02-21 06:09 | Report Abuse

Agmo shares - second batch , free distribution, belum umum ex-date :)

As at the LPD, the total issued share capital of our Company comprises 7,437,975,678 Shares
(excluding 39,595,400 treasury shares). For information purposes, treasury shares will not be
entitled to the Proposed Dividend-in-Specie.
Based on the above and assuming none of the treasury shares are resold, upon upliftment of the
First 6-Month Moratorium, 69,750,000 Distributable Shares are expected to be distributed on the
basis of approximately 0.0093 Agmo Share for every 1 Share held by Entitled Shareholders on
the Entitlement Date and can be illustrated in the following table:
No. of Shares held No. of Distributable Shares to be received
1 Share 0.0093 Agmo Share
10,000 Shares 93 Agmo Shares
Similarly, based on the formula and assumption made above, upon upliftment of the Second 6-
Month Moratorium, 14,250,000 Distributable Shares are expected to be distributed on the basis
of approximately 0.0019 Agmo Share for every 1 Share held by Entitled Shareholders on the
Entitlement Date and can be illustrated in the following table:
No. of Shares held No. of Distributable Shares to be received
1 Share 0.0019 Agmo Share
10,000 Shares 19 Agmo Shares
The remaining balance of the Distributable Shares, if any, will be dealt with in such manner or on
such terms as our Board in its absolute discretion deems fit and expedient, and in the best interest
of our Company.
Fractional entitlements of the Distributable Shares, if any, will be disregarded and dealt with in
such manner or on such terms as our Board in its absolute discretion deems fit and expedient,
and in the best interest of our Company.
Upon completion of the Proposed Dividend-in-Specie, MYEG Capital will cease to be a major
shareholder of Agmo. However, MYEG Capital may hold Agmo Shares arising from the fractional
entitlements of the Distributable Shares upon completion of the Proposed Dividend-in-Specie
and may either retain such Agmo Shares and/or sell it in the open market

Good123

26,444 posts

Posted by Good123 > 2023-02-21 06:10 | Report Abuse

Ya lah, expecting its share price to fly further upon opening today :)

@charlie chia

Directors keep on buying
Q4 must be good
Let us HUAT Lah

7 hours ago


@RCZ2020

Yes I believe should be good. Let's wait and see

5 hours ago

Good123

26,444 posts

Posted by Good123 > 2023-02-21 06:28 | Report Abuse

KUALA LUMPUR: Bursa Malaysia dijangka menarik lebih banyak minat dagangan menjelang pengumuman Belanjawan 2023 yang dijadualkan pada 24 Februari, demikian menurut Kenanga Research.

Firma pembrokeran itu berkata, pada minggu lalu, petunjuk pasaran FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat daripada paras rendah 1,469 pada Isnin kepada 1,495 pada Khamis lepas sebelum berakhir pada 1,477 pada Jumaat.

"Perkara penting pada minggu ini ialah pembentangan Bajet 2023 yang disemak semula, di Parlimen, Jumaat ini yang diharap akan membangkitkan sentimen pasaran," kata Kenanga Research dalam nota penyelidikannya.

Sebelum ini, katanya pelabur menunggu data statistik perdagangan luaran Januari yang akan dikeluarkan hari ini dan laporan Indeks Harga Pengguna Januari pada Jumaat.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 06:29 | Report Abuse

"The highlight of this week will be the tabling of a revised Budget 2023 in Parliament on Friday afternoon, which hopefully will cheer up the market mood," Kenanga Research said today.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 06:30 | Report Abuse

KUALA LUMPUR: Investors will take their guidance this week from the tabling of Budget 2023 and the raft of corporate earnings announcements due out this week.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 07:33 | Report Abuse

Hari ni, tengoklah ia breakthrough 70sen :)

Good123

26,444 posts

Posted by Good123 > 2023-02-21 07:42 | Report Abuse

Yesterday ~86juta syer traded.. hari ni, > 100 mil share traded probably

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:03 | Report Abuse

Expecting good results from myeg and the most active stock again today

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:05 | Report Abuse

Participating Organisation (“PO”) may participate in IDSS, subject to his compliance with the prescribed requirements under the BMS Rules and any other requirements that may be imposed by the PO.



SUBJECT MATTER OF A SHORT SALE



IDSS may only be carried out in respect of approved securities (“Approved Securities”), which are securities that are declared by Bursa Malaysia to be Approved Securities pursuant to Rule 8.22(5) of the BMS Rules.



The list of Approved Securities for IDSS is identical to that of regulated short selling (“RSS”). The current list of Approved Securities is set out in PO’s Circular No. R/R7 of 2018 dated 18 May 2018 (effective 25 May 2018) and consists of 263 securities. The list will be updated twice a year in May and November.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:06 | Report Abuse

CRITERIA TO BE SATISFIED TO EXECUTE IDSS



In order to execute IDSS, a seller must have, in addition to complying with the requirements specified by his PO –



(1) entered into an agreement to borrow Eligible Securities (“SBL Agreement”) or to purchase Islamic Securities Selling and Buying – Negotiated Transaction (“ISSBNT”) Eligible Securities (“ISSBNT Agreement”) to settle all potential failed trades which may occur in the event that the IDSS is not closed off by the end of the relevant market day;



(2) executed the prescribed risk disclosure statement; and



(3) submitted a written declaration that he fully understands the requirements of the BMS Rules in relation to IDSS, and that he is not associated with the body corporate that issued or made available the Approved Securities in relation to which the short sale is to be entered.



The requirements in paragraphs (2) and (3) above do not apply to a seller who satisfies the criteria set out in Appendix 2 of Directive No. 8-003, which include, amongst others, licensed banks and investment banks, licensed fund managers, licensed closed-end funds, foreign fund managers and foreign financial institutions.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:06 | Report Abuse

CRITERIA TO BE SATISFIED TO EXECUTE IDSS



In order to execute IDSS, a seller must have, in addition to complying with the requirements specified by his PO –



(1) entered into an agreement to borrow Eligible Securities (“SBL Agreement”) or to purchase Islamic Securities Selling and Buying – Negotiated Transaction (“ISSBNT”) Eligible Securities (“ISSBNT Agreement”) to settle all potential failed trades which may occur in the event that the IDSS is not closed off by the end of the relevant market day;



(2) executed the prescribed risk disclosure statement; and



(3) submitted a written declaration that he fully understands the requirements of the BMS Rules in relation to IDSS, and that he is not associated with the body corporate that issued or made available the Approved Securities in relation to which the short sale is to be entered.



The requirements in paragraphs (2) and (3) above do not apply to a seller who satisfies the criteria set out in Appendix 2 of Directive No. 8-003, which include, amongst others, licensed banks and investment banks, licensed fund managers, licensed closed-end funds, foreign fund managers and foreign financial institutions.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:06 | Report Abuse

EXECUTION OF IDSS



IDSS may only be carried out by way of an On-Market Transaction, which is a match of a buy order to a sell order in Bursa Malaysia’s Automated Trading System. IDSS must not be executed through a Margin Account or by way of a Direct Business Transaction or On-Market Married Transaction.



All IDSS orders must be executed by a PO on the market day on which the order is placed. Any IDSS order which is unexecuted, in whole or in part, cannot be carried forward to the next market day.



IDSS is not permitted to be executed (a) within 21 days after a takeover announcement involving the Issuer of an Approved Securities; or (b) when the Approved Securities have been declared as Designated Securities under Rule 7.14 of the BMS Rules when expressly directed by Bursa Malaysia

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:07 | Report Abuse

FAILURE TO CLOSE OFF A SELL POSITION



In the event the sell position is not closed off with a buy position at the end of the market day on which the IDSS is executed, the seller may perform any of the following –



(1) borrow the securities under an SBL Agreement;



(2) perform a manual buying in process or permit the transaction to be subject to auto buying in;



(3) transfer the securities from another securities account, subject to the transfer rules; or



(4) utilise his existing shares to cover the position.



The failure to close off a sell position with a buy position by the end of a market day is a breach of BMS Rules by the seller notwithstanding that he may have taken any of the actions described above. In such event, the Securities Commission Malaysia may take various actions against the seller, including imposing a penalty that is proportionate to the severity of the breach, but in any event not exceeding RM1 million, or reprimanding the seller

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:07 | Report Abuse

The introduction of IDSS will open short selling to a wider group of investors and make the local bourse more interesting as it presents opportunities for making profits from trading securities even in a bearish market.



The safeguards put in place by Bursa Malaysia for IDSS, i.e. the requirement to have an SBL Agreement or ISSBNT Agreement to safeguard against a seller’s failure to close off an open position and the circuit-breakers that result in IDSS of an Approved Securities being suspended when specified thresholds are triggered, will prevent undue disruption to the stock market.



IDSS, with its safeguards, is to be welcomed as it adds greater depth and breadth to Malaysia’s capital market. Time will tell whether investors will become more sophisticated in their trading strategies by taking advantage of the availability of IDSS.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:11 | Report Abuse

Speedy recovery after false rumours realised.

Kenangan sedikit:)

MyEG share prices tumbles, trading volume tops 1 billion mark
KUALA LUMPUR: MY E.G. Services Bhd (MyEG) tumbled 25.5 sen, or 26.7%, to 70 sen today with trading volume exceeding 1.01 billion shares as nervous investors offloaded the company’s shares on reports that all immigration services and processes will be back fully under the Immigration Department’s management by 2025.

Earlier, Bursa Malaysia suspended the short-selling of MyEG shares for the rest of the day under proprietary day trading (PDT) and intraday short selling (IDSS) after its stock dropped more than 15 sen, or 15%, from the reference price.

Trading of the e-government services provider’s shares and structured warrants was also halted from 2.44pm to 3.44pm today.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:14 | Report Abuse

astroawani.com
www.astroawani.com › muh...
Muhyiddin nafi dakwaan pemberian kontrak NIISe kepada menantu
9 Feb 2023 — ... Sri Muhyiddin Yassin menafikan dakwaan terlibat dalam pemberian kontrak Sistem Imigresen Bersepadu Nasional (NIISe) kepada syarikat IRIS ...

suaramerdeka.com.my suaramerdeka.com.my › men...
Menantu Perdana Menteri didakwa terima projek bernilai RM1.16 bilion
30 Jan 2021 — SYARIKAT Iris Information Technology (Iris) yang dikatakan mempunyai ... kaitan dengan menantu Perdana Menteri

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:17 | Report Abuse

Banyak isu berkaitan :)

FORMER prime minister (PM) Tan Sri Muhyiddin Yassin said yesterday (Feb 18) that he was called up by the Malaysian Anti-Corruption Commission (MACC) but he was not a suspect in the Jana Wibawa project.

However, Berita Harian reported today that the MACC through a source, confirmed the contrary, saying the former PM is among the suspects investigated for the Jana Wibawa project.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:19 | Report Abuse

MyEG Services has officially ventured into the non-fungible token (NFT) space with the launch of its NFT marketplace, dubbed NFT Pangolin.

Tapping into the public’s growing interest in the instrument – particularly among artists and investors – MyEG said NFT Pangolin will be a stepping stone into a global market to support the creative arts and to unlock future innovations based on smart contracts. To clarify, NFTs are non-interchangeable data units, tokens, and assets on a blockchain that can be authenticated and traded.

In the case of NFT Pangolin, it will run on the Zetrix Layer 1 blockchain network, which is set to be launched soon. The Zetrix Layer 1 blockchain network also serves as a parallel chain to the international backbone and supernodes of Xinghuo, China’s national blockchain infrastructure.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:20 | Report Abuse

“NFT Pangolin currently supports Ethereum but will also introduce Zetrix-based NFTs, providing for lower gas fees and carbon footprints which not only decreases financial barriers to entry for participants, but is also eco-friendly and in line with the industry’s move towards sustainable ESG practices,” MyEG shared in a statement.

This combined use of both the Ethereum blockchain and the Zetrix blockchain will see NFT Pangolin becoming a multichain platform – which will be a unique value proposition. “Furthermore, issuers of NFTs on NFT Pangolin will be able to market these NFTs in China as digital collectibles, where there are strict regulations on trading of NFTs but collectors may buy them as long-term collectibles,” MyEG further commented, adding that the launch of Zetrix may even enable the cross-chain trading of NFTs.

At present, NFT Pangolin has already onboarded several artists – such as Vinn Pang and Faezal Tan – by working with boutique sales-and-marketing service firm Imperium Universe. More artists are expected to join soon as NFT Pangolin is set to announce key partnerships in the coming months, in its bid to make the platform an ASEAN-wide home for a growing pool of talent.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:20 | Report Abuse

The group managing director of MyEG, Wong Thean Soon said that NFTs is set to unleash a new wave of innovations. “We believe that the application of NFTs will go far beyond digital art, and we will be pioneering NFTs, which are pegged to ownership of mainstream assets, for example, ownership of your vehicle registration number for a start,” he said.

Meanwhile, the business development director of NFT Pangolin Technologies Sdn Bhd, Mohamad Johan Nasir said that the company is building support for physical artworks as many traditional artists and art galleries are interested in entering the NFT space.

“While the regional space of creative talents is excited to get into the NFT industry, there’s still a lot of work needed to educate the mass market of buyers about the benefit and value of owning any NFTs and their potential application outside of the creative world,” Mohamad Johan stated, adding that efforts are already being made to address this issue, such as building a gamified educational tool for upcoming campaigns with influencers, celebrities, and brands.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:21 | Report Abuse

Zetrix coin is on the way :)

https://coindataflow.com/en/currency/zetrix

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:27 | Report Abuse

Pengerusi juga sapu syer myeg. Anda? :)



0138 MYEG MY E.G. SERVICES BHD
DEALINGS IN LISTED SECURITIES (CHAPTER 14 OF LISTING REQUIREMENTS)
Subject : Dealings During Closed Period
Date of announcement made for "Intention to Deal During Closed Period" :
16/02/2023
1. Details of Dealings During Closed Period
Salutation : DATO' DR
Name : NORRAESAH BINTI HAJI MOHAMAD
Designation : Others
Description of "Others" Designation : Executive Chairman
Type of Transaction : Acquired
Date of Transaction : 20/02/2023
Description of Securities : Ordinary shares
No of Securities Transacted : 1,500,000
% of Securities Transacted : 0.020
Consideration : Malaysian Ringgit (MYR) 0.676
Remarks : 1. Acquisition of shares.2. The percentage of direct interest as at
the Date of Notice excludes 55,595,400 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

20/02/2023 07:00 AM


Ref Code: 202302203000291

VolezVouz

30 posts

Posted by VolezVouz > 2023-02-21 08:32 | Report Abuse

Study the valuation of the shares. Company has a good cashflow but dividends given are much lesser compared to other companies.

Good123

26,444 posts

Posted by Good123 > 2023-02-21 08:35 | Report Abuse

The momentum is superb:)

2023-02-20 0.66 0.685 0.65 0.675 +0.015 (2.272%) 85,673,400
2023-02-17 0.685 0.695 0.655 0.66 -0.025 (3.649%) 98,250,300
2023-02-16 0.685 0.71 0.67 0.695 0.00 (0.00%) 349,556,300
2023-02-15 0.63 0.695 0.62 0.695 +0.07 (11.20%) 444,050,700
2023-02-14 0.61 0.64 0.59 0.625 +0.02 (3.305%) 345,495,400
2023-02-13 0.605 0.62 0.57 0.605 -0.005 (0.819%) 217,048,300
2023-02-10 0.735 0.735 0.59 0.61 -0.105 (14.685%) 787,220,600
2023-02-09 0.725 0.75 0.705 0.715 0.00 (0.00%) 166,546,500
2023-02-08 0.725 0.74 0.71 0.715 +0.015 (2.142%) 237,687,000
2023-02-07 0.655 0.775 0.655 0.70 -0.255 (26.701%) 1,015,360,400
2023-02-03 0.925 0.965 0.92 0.955 +0.03 (3.243%) 74,190,900
2023-02-02 0.915 0.935 0.91 0.925 +0.015 (1.648%) 26,624,700
2023-01-31 0.925 0.925 0.91 0.91 -0.01 (1.086%) 12,984,000
2023-01-30 0.92 0.94 0.91 0.92 0.00 (0.00%) 23,148,200
2023-01-27 0.90 0.935 0.895 0.92 +0.025 (2.793%) 76,422,100
2023-01-26 0.91 0.915 0.89 0.895 -0.02 (2.185%) 55,129,100
2023-01-25 0.91 0.925 0.905 0.915 +0.015 (1.666%) 18,414,900

U1818

707 posts

Posted by U1818 > 2023-02-21 08:37 | Report Abuse

Invest Tech Stock for growth not dividend.

Post a Comment
Market Buzz