Read more in details. He disposed off through crossing of shares. Not through open market. What so surprised after all he bought so many from open market recently. And yet he disposed off to a direct buyer. Ensuring it doesn't cause the share price to go down. Good CEO
Overvalue? Depending how you see it. They go renewal from jpj. Expect renewal immigration soon. The big bonus would be niise being cancelled and new tender would be call. That likely for short term as no more outsourcing in most government project by 2025. But in long term, Blockchain will be Myeg main business in long run. Imagine Malaysia government using Myeg Blockchain, from immigration to jpj to hospital etc. That doesn't include the already secured China custom contract that could worth millions.
Boss has been buying.....so what's wrong if he unload a bit? Some more to a direct buyer. To me all indications are that TSWong is a real boss who care for MyEG and my investment. Can sleep well.
MYEG in recent years has been pouring a lot of money to build up their blockchain technology backbone or the infrastructure required such as setting up nodes in various places around the world and the money is still insufficient as it recently wanted to issue a 1B sukuk. Nevertheless they are progressing up infront of many other's company in Malaysia or even in the Asean region on Blockchain and Web 3.0
They are now started to implement and integrating this technology into their existing and also expanding into other business where blockchain technology has an edge over the others. Who is interested can just use google search or chatgpt to see what is the field where blockchain technology can be integrated in and you can see how potential it is compare to our current practice in the business world.
Whoever think any other company can replace MYEG in our government tech related business in terms of speed and cost will be disappointed and we can foresee MYEG will keep on getting government contract may be not only in TPD and Immigrations it might also goes beyond that.
Remember cryptocurrency are built from blockchain technology BUT blockchain technology isn't just cryptocurrency!
Government already set national Blockchain roadmap from 2021-2025. And Myeg already signed Mou with MIMOS to build the national Blockchain. Once this up and running, there unlikely will be anymore outsourcing job after 2025. But myeg will gain from the usage of Blockchain from immigration department to even government hospital etc. The potential is huge due to the myeg China connection. Image the amount of trading between China and other countries in RCEP. That is why I say Blockchain is the long-term and immigration contract and niise would be short term.
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....
keepup
116 posts
Posted by keepup > 2023-05-02 13:49 | Report Abuse
jaycee89 will come out when the price is drop. lol.