For 6 months MYEG showed an unbreakable low at around 78c. This strong bounce is very much welcomed, I believe we have bought enough.
Sailang's TP is realistic. MYEG has been moving like Yinson, but with but usually with 20x the volume lol. Both are immensely profitable but technically weak, wait for breakout 🤞
Anyone can have opinions but Market is the best judge. Government is pushing for Digital Economy in which Myeg is one of the main beneficiary through E-Services in Malaysia & Exports to China. CNY Rally coming soon so don't miss the show. According to Bursa, Net Short Position already dropped to 9M from 12M previously. Don't let KWAP & Mr. Wong sapu all. That's why I want to repeat everyone has a chance to make profit as Patience has its virtues. Investing in Myeg has earned benefits such as: * Annual dividend income & dividend reinvestment plan for many long term investors * Capital appreciation for medium term holders and * A steady monthly income for short term & day traders Where else can you enjoy such benefits which is better than FD?
Malaysia’s digital sector is making a significant contribution of 23.2% to the nation’s gross domestic product (GDP), while the digital economy is slated to further boost its impact and is projected to contribute 25.5% to the country’s economy by 2025 and create up to 500,000 jobs.
simon2020, you may have your opinion too, but the point you shown just show the positive side, why dont you show the company debt and loan ration? if you want to talk about FD, i suggest you put your money on MAYBANK shares, high yield than this company. Ya, by the way, CNY is coming, most institute need give ang pow to worker, need harvest some money now...
For those who missed it. Click on the link 'Check out our latest analysis for My E.G. Services Berhad' in the above report for all the information on Myeg Valuation. Can't post the link directly as blocked by Klse Forum for reasons unknown?
MoonStalker has a point, timing of the pump yesterday coincided w penny stocks crash...which then dragged down the big movers and even blue chips. Unbreakable for 6 months, will it break 78c and then to 75c? The thing w MYEG is...at 75c, unless we have margin to the tilt, there's no worry, just buy more and be patient
MoonStalker has a point on beware the market...but no point on debt loan 🤣 MYEG has one of the strongest balance sheet on Bursa, what debt loan issue 😅
@UncleFollower Thxs for your balanced analysis on actual valuation of Myeg. Any idea what is OTB's take on Myeg? For those who haven't committed, now is a good time to accumulate Myeg based on temporary Market weakness. According to Bursa, Net Short Position from IDSS has been dropping from 12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 with around 0.14% of Total Short Position, indicating Sharks has diverted their IDSS play to other penny stocks?...tut tut
Buy the dip! The higher the risks, the higher the returns. Don't just let KWAP & Mr. Wong grab all as they are still accumulating. Myeg is now like a compressed spring. Opportunity only comes once in a Bluemoon. Why chase at High price later, when you can still Buy low while stocks lasts. Remember this is a politically linked counter, you help me, I help you in Malaysia Boleh!
THE CASE FOR MYEG's UPSIDE LOOKS GOOD! Here are my comments with regards to UOB Kayhian's write-up & TP for Myeg: 1. Zetrix sold 1.2M Zetrix coins at USD5 each during ICO on 28 October raising RM28.68M for Myeg. Please note that current circulating supply of Zetrix coins is 65.33M. With current market price of Zetrix coin at USD11.31 , it already raised RM3.4B for Myeg! These income will be reflected in Myeg account in the coming Quarters. We could forsee a big Final Dividend from Myeg as a big reward for shareholders' confidence & support! 2. Contract extension for Myeg E-Services for Immigration & JPJ already obtained & confirmed! 3. ICO & Listing of Zetrix token on 28 October already done at Coinstore, BitForex & MEXC. 4. Launching of Zetrade verification for exports to China & Cabinet endorsement for Digital Driving license etc 5. Building of Foreign Worker's Village in Penang & more development projects to come? 6. Currently running JPJ L- License pilot tests & will be awarded contract soon? 7. With Mandani Government support for Myeg's E-Services, Myeg should be able to achieve TP of RM1.18 & Bluesky TP of RM3.73 in the longer term since market is so bullish on Zetriz coin which is currently trading at USD11.31 or a 226% gain. Taking Myeg's cuurent price of RM0.795, a 226% gain will push Myeg's price above RM1.80!
RECOMMENDATION: Collect Myeg as much as possible on current weakness and we wait for the Big Pump from the Market & Foreign Funds!
Morning guys...Net Short Position yesterday (18/1) is only 11,200,227 an increase of 0.01% to 0.15% of total short position from 17/1 on Bursa? Just wondering who got his Shorts liquidated by Banker in the last hour of trading?...tut tut
Net Short position has been dropping from 12,216,247 on 4/1 to 10,680,647 on 9/1 and only 9,815,727 on 12/1 after that it stays steady at 10,083,127 on 15/1, 10,404,427 on 16/1 and 10,635,727 on 17/1 around 0.14% of total short position indicating sharks has diverted their IDSS to other penny stocks?
Wonders why Myeg's very silent on its Identity Security expertise & AI facial recognition technology using Zetrix Blockchain, useful for identity security to facilitate Malaysia/Singapore passport free proposal for daily hassle free travels on RTS Link between Johor/Singapore? Should be something's in the works & announcement soon with its current connections with Immigration?...
Key words is PM Lee said in a Facebook post that he looks forward to both countries “charting new areas of cooperation, including in trade and investment, tourism, innovation, and the digital and green economies” in which Myeg currently excels? Mr. Wong already strikes the iron while it is still hot?...
MyEG's Zetrix, Web3Labs, And Summer Capital To Advance HK's Web3 Initiatives https://www.businesstoday.com.my/20 24/01/22/myegs-zetrix-web3labs-and-summer-capital-to-advance-hks-web3-initiatives/
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 > 2024-01-12 15:42 | Report Abuse
sell all to Mr Wong. let him play himself