One link will let know well how DEEP value myeg have embedded
Myeg, Zetrix coin performance, current unit in circulation, and total outstanding unit available for sale in future and HUGE market current market capitalization and FULLY value market capitalization, all in MULTI BILLION USD PROFIT on track to monetize by myeg on staggering basis https://coinmarketcap.com/currencies/zetrix/
MYEG's management is quite superb really. We can all see that they are consciously diversifying away from MY Government risk and doing so with quite a fair bit of success already. Now go other 3rd world countries provide similar services. Pride of Malaysia!
Current price seem very cheap already but still doesn't trigger continuous buy interest from EPF and Kumpulan wang persaraan, something fishy about this stock.
I rather buy Dialog over this, at least EPF and Kumpulan* keep topping up almost on a daily basis.
Good video but here are some of my thoughts about the claim of 84m coins in circulation, the site has a disclaimer "The CMC team has not verified the project's circulating supply. However, according to the project, its self-reported CS is 84,087,506.41 ZETRIX with a self-reported market cap of $1,359,081,626." It's self-reported, MyEG could say anything, literally zero accountability.
In addition, do you know the process of ICO? How many of 84m coins are in the hands of shadow big holders. Those 80% of the coins are probably under table give aways as the condition to get the coin listed for trading, and those big holders are not allowed to sell for a certain period of time, when they do, the Zetrix price could come crashing down real quick.
At this point, how much income from the coin that have yet to be priced in is "Unknown". Whether people should buy MyEG based on the speculation that Zetrix has brought in USD 1 billion profit for MyEG, it is a coin slip. Think about it, if this is true, don't you think EPF should already know by now? Why EPF not buying in big time yet.
Very risky play in my opinion at this point in time.
if you ask me, introducing Zetrix as the main source of income for MyEG this quarter, probably just a publicity stunt.
MyEG is famous but Zetrix is not. The management probably tries to use this opportunity to promote the use of Zetrix by riding on the brand name of MyEG.
4Q23 results exceeded expectations on stronger-than-expected revenues from the blockchain segment, largely due to Zetrix token sales. More blockchain-related services that may kick off in FY24F could drive MyEG’s EPS growth ahead, in our view. CIMB maintains Add call on MyEG due to its attractive valuation (12.7x FY24F P/E, at close to 1.s.d below its 5-year average of 17x) and potential EPS upside from its blockchain business. CIMB GGM-derived TP of RM1.10 is unchanged.
MyEG will fly if it will be awarded to develop Malaysia official digital coins replacing ringgit, but Malaysian are slow to adopt cashless payment due to rampant frauds in the country.
When will MyEG declare its latest quarter dividend, big fish still collecting?
Senang saja mah, it only takes 1 tweet from Elon Musk to send Zetrix and MyEG flying. YTL manage to get Nvidia boss to fly to Malaysia, MyEG only to get Elon Musk to tweet Zetrix logo on his tweeter, maybe later in future accepting Zetrix as payment for his Tesla cars.
Of course, MyEG need to donate some Zetrix coins to Elon. If successful, MyEG will be RM 50 let alone RM 1.50.
It takes 2 to Tango, in case many are still wondering why Myeg share price continues to trade sideways instead of going up despite it's good Qtr earnings, proposed Final Dividend of 1.68 sen per share & premature announcement that MOT has approved for implementation on Myeg's E-Driving Test System for L drivers/Driving Schools in Malaysia. Probably Market Operator & small sharks has not completed accumulation from margin traders & weak holders? Those with Diamond 💎 💎 💎 💎 💎 💎 💎 💎 hands are comfortable holding at current level, waiting for opportunity to buy the dip. For fence sitters, 79.5 to 80 sen is just about right to start accumulating based on Myeg's EPS of 2 sen per share for current Qtr. & acquisition of 12.5M Myeg shares by major shareholder Asia Internet @80 sen per share on 5 March. Also daily RSS trading announcement by Bursa is steady as follows: 29/2 13,983,595 0.19%, 1/3 14,267,995 0.19%, 4/3 14,817,595 0.20%, 5/3 14,817,595 0.20%
As for TP, based on its chart, Myeg has been trading in a channel from September till now. Bullishness will be when Myeg breaks 83 to 85 sen. First TP 92 to 96 sen and 2nd TP RM1 & above in time for Raya Celebrations...
Bilises must have the discipline to be patient when it is sideways- easy to lose $$$$$. Stay vigilant,maintain hawk eye and buy in when clearly bull run could earn consitently
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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....
moneySIFU
5,862 posts
Posted by moneySIFU > 2024-02-29 21:22 | Report Abuse
see if can top up more tomorrow, as Bursa always acts weirdly almost all the time