MY E.G. SERVICES BHD

KLSE (MYR): MYEG (0138)

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Last Price

0.91

Today's Change

+0.03 (3.41%)

Day's Change

0.89 - 0.92

Trading Volume

98,043,100


68 people like this.

67,028 comment(s). Last comment by hng33 6 hours ago

hng33

20,502 posts

Posted by hng33 > 2024-08-16 10:49 | Report Abuse

Two set of dividend, final dividend for FY2023 and interim dividend for FY2024 to be declared within these month.

kshinann

36 posts

Posted by kshinann > 2024-08-16 10:50 | Report Abuse

the transaction actually happening? I am not sure if I3 data is updated. when check on some counter like CDB, the latest data shows many years back

icst1975

173 posts

Posted by icst1975 > 2024-08-16 11:33 | Report Abuse

Bursa Malaysia requires substantial shareholders to report their Buy and Sell. It is mandatory.

Tenka226

155 posts

Posted by Tenka226 > 2024-08-16 14:55 | Report Abuse

Where can check live update for that , icst1975?

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2024-08-16 16:01 | Report Abuse

WTS doesn't own 100% of Asia Internet Holdings Sdn Bhd

hng33

20,502 posts

Posted by hng33 > 2024-08-16 18:14 | Report Abuse

Final dividend declare today with option either opt for cash or reinvestment plan.
Next week will get another interim dividend coming

hng33

20,502 posts

Posted by hng33 > 2024-08-16 18:23 | Report Abuse

The Board of Directors of the Company wishes to announce that MYEG, MIMOS Berhad, Worldcoin Foundation and Tools for Humanity ("TFH") have entered into a collaboration which combines the unique capabilities of each organisation to explore the integration of Worldcoin’s advanced credential verification technology into Malaysia’s Blockchain Infrastructure. Additionally, the partnership will assess the feasibility of potential local manufacturing of Orbs, TFH's hardware and software tools for human verification.

icst1975

173 posts

Posted by icst1975 > 2024-08-16 18:25 | Report Abuse

Tenka 226. As far as I know, there is no life update of trading activities by substantial shareholder. Disclosure requirement is within a few trading days. Obviously trading activities via unofficial proxies are not reporting requirement.

hng33

20,502 posts

Posted by hng33 > 2024-08-16 18:26 | Report Abuse

MYEG, the leading provider of digital government services in Malaysia, will contribute its
extensive infrastructure and expertise in delivering seamless online experiences. It will work
to incorporate the solutions developed by MIMOS Berhad, Worldcoin Foundation, and TFH into existing government service delivery systems, ensuring that citizens can access these
services conveniently and securely.

hng33

20,502 posts

Posted by hng33 > 2024-08-16 18:29 | Report Abuse

The strategic alliance forged between MYEG, MIMOS Berhad, Worldcoin Foundation, and
TFH, promises to revolutionise the digital landscape in Malaysia. By combining their expertise
and resources, these entities will create a synergy that will significantly enhance the security,
efficiency, and scalability of digital ecosystems and blockchain applications within the
country

hng33

20,502 posts

Posted by hng33 > 2024-08-16 18:29 | Report Abuse

In summary, the synergy between MYEG, MIMOS, Worldcoin Foundation, and TFH,
represents a bold step forward in Malaysia's digital journey, driving innovation, fostering
technological advancement, and creating a more inclusive and prosperous digital economy
for all Malaysians.

icst1975

173 posts

Posted by icst1975 > 2024-08-16 18:46 | Report Abuse

kshinann: Dont understand who Mr Wong kept having acquiring and disposing of same volume in same day?
Multi-million shares queing up on the BUY and SELL sides could potentially serve as "blockages". This could have the effect of promoting
(1) Selling by small traders (majority of traders) at a LOWER share price than the blocking sell value.
(2) Buying by small traders (majority of traders) at HIGHER prices than the blocking buy value.
(1) and (2) could be carried out by proxies of the big players.
Bursa Malaysia requires substantial shareholders to report their Buy and Sell. Obviously trading activities via unofficial proxies are not reporting requirement.

Tenka226: Where can check live update for that , icst1975?
As far as I know, there is no life update of trading activities by substantial shareholder. Disclosure requirement is within a few trading days.

U1818

707 posts

Posted by U1818 > 2024-08-19 10:17 | Report Abuse

https://news.haiwainet.cn/n/2024/0816/c3541089-32781478.html

京东超市直采马来西亚鲜食榴莲 首批已开启预售
海外网 2024-08-16

在8月15日,京东超市已正式开启马来西亚鲜食榴莲预售,史上第一批马来西亚鲜食榴莲将陆续搭乘空运专机,从产地启程运往国内。

hng33

20,502 posts

Posted by hng33 > 2024-08-19 11:01 | Report Abuse

https://www.thestar.com.my/business/business-news/2024/08/19/banking-sector-receives-strong-govt-support-to-scale-ai

SINGAPORE: Malaysia’s banking sector is receiving strong government support and encouragement to scale artificial intelligence (AI) adoption within the industry.

Bank Simpanan Nasional chief information officer Lee Li Foon said although the sector’s adoption of AI is in its early stage, there has been significant collaboration between industry players and the government to learn from one another.

"Our government is spearheading the National Artificial Intelligence Roadmap (AI Roadmap) which I believe provides us with a significant opportunity to strengthen our AI guidelines.

hng33

20,502 posts

Posted by hng33 > 2024-08-19 11:50 | Report Abuse

https://www.nst.com.my/news/nation/2024/04/1040185/govt-mulls-drafting-policy-amend-legislation-be-investor-friendly-and

"Malaysia needs to quickly adapt the current economic landscape to continue to grow so that it is always competitive in the region by attracting investment from companies in the technology, AI and blockchain sectors," he said in a post on his official Facebook page today.

He noted that Malaysia has the National Artificial Intelligence Roadmap 2021-2025 and the National Blockchain Technology Roadmap 2021-2025 as a direction that has the potential to accelerate the adaptation of AI in the public and private sectors

"The Madani government is committed to driving the development of the country's economy, especially in high impact and innovation sectors and providing a conducive business environment," he said.

The prime minister made these remarks following a discussion held virtually this morning via video conference with Tools for Humanity (TFH) company co-founders Sam Altman and Alex Blania, as well as Ole Ruch from Nordstar.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz and Digital Minister Gobind Singh Deo also participated in the meeting.

The discussion of around 30 minutes touched on several matters related to the rapid development of technology.

"TFH also informed the development of the Worldcoin project, the latest initiative related to identity and the global and inclusive financial network by prioritising the characteristics of confidentiality and providing protection to private information," Anwar said. --BERNAMA

hng33

20,502 posts

Posted by hng33 > 2024-08-19 11:52 | Report Abuse

MYEG, MIMOS Berhad, Worldcoin Foundation and Tools for Humanity ("TFH")
1. National Artificial Intelligence Roadmap 2021-2025
2, National Blockchain Technology Roadmap 2021-2025

Posted by CarolineTeoh > 2024-08-19 11:57 | Report Abuse

Excellent quarterly report is coming out soon

hng33

20,502 posts

Posted by hng33 > 2024-08-19 13:52 | Report Abuse

With 2 National roadmap, Ai and Blockchain, myeg purpose fuel earnings momentum forward

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2024-08-19 14:18 | Report Abuse

Pathetic

Up 0.015 not even covered the dividend and DRP.........

BIG BIG good news on blockchain in Malaysia ignored

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2024-08-19 14:24 | Report Abuse

Too many got burnt by HDC/Jensen visit ?

Sam is ignored?

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2024-08-19 14:26 | Report Abuse

When fresh durian landed in China that is the sign Zetrix works

hng33

20,502 posts

Posted by hng33 > 2024-08-19 14:30 | Report Abuse

A lot of Myeg new pilot project need gestation time before can translate into revenue and earning。 Take for example, myeg Ztrade, cross border platform first introduce 2 year ago, only till these year July officially and commercially launched. Another Myeg pilot project, JPJ E-testing, introduce before covid time, drag 3 year, now only officially and commercially launched these year April 2024.

Remember, the 2 roadmap, national Ai and blockcahin is till 2025 before it start to officially implement across nation which mean next year will be D-day for Myeg for both Ai and blockchain, revenue will be much bigger than current immigration and JPJ

keepup

120 posts

Posted by keepup > 2024-08-19 14:37 | Report Abuse

this myeg must sell on news

keepup

120 posts

Posted by keepup > 2024-08-19 14:37 | Report Abuse

good QR coming out also same. morning up, close red

chiepin1

35 posts

Posted by chiepin1 > 2024-08-19 15:09 | Report Abuse

The ringgit rose as much as 1.5% to 4.3678 per dollar, the strongest since February 2023. On Friday, Malaysia reported a stronger-than-expected increase in second-quarter gross domestic product from the previous year, while global funds poured the most cash into its stock market since June.

chiepin1

35 posts

Posted by chiepin1 > 2024-08-19 15:12 | Report Abuse

MyEG is part of global fund's portfolio.

chiepin1

35 posts

Posted by chiepin1 > 2024-08-19 15:14 | Report Abuse

“The market is envisaging a brighter picture for Asian economies in the coming quarters,” said Tomo Kinoshita, global market strategist at Invesco Asset Management Japan. He expects investors to allocate more funds to Asian equities, especially to those in India, Indonesia and Malaysia.

hng33

20,502 posts

Posted by hng33 > 2024-08-19 15:21 | Report Abuse

No cross no crown, Every dog have its day. Be patient while enjoying dividend income first before myeg real earning growth kick in

hng33

20,502 posts

Posted by hng33 > 2024-08-19 15:22 | Report Abuse

today in banking day

joaco54

84 posts

Posted by joaco54 > 2024-08-19 16:49 | Report Abuse

90 sen region = cheap, buy buy buy

hng33

20,502 posts

Posted by hng33 > 2024-08-20 11:52 | Report Abuse

added more myeg at 91sen

Posted by EngineeringProfit > 2024-08-20 12:05 | Report Abuse

Global recession coming....lagi add kah? Got experience market during COvid pandemic?

hng33

20,502 posts

Posted by hng33 > 2024-08-20 15:40 | Report Abuse

Q1: Is data centre benefited MYEG’s blockchain business in coming years?

A1: Data centers serve as the critical physical infrastructure that underpins the operations of digital businesses. This necessity extends to MYEG's blockchain business, where reliable data storage and processing are essential for smooth functioning.

A surplus of data centers in Malaysia could translate into lower operational costs for MYEG's blockchain business. Increased competition among data center providers could drive down service fees, creating a cost-effective environment for MYEG

hng33

20,502 posts

Posted by hng33 > 2024-08-20 18:45 | Report Abuse

Q2 deliver another awesome earning growth EPS 2.2sen and another interim dividend declared 0.25sen

hng33

20,502 posts

Posted by hng33 > 2024-08-20 18:52 | Report Abuse

i) contribution from services from our Zetrix blockchain platform such as ZCert and Digital ID
registration and transaction; and
ii) contribution from the sale of Zetrix tokens

hng33

20,502 posts

Posted by hng33 > 2024-08-20 18:53 | Report Abuse

Next quarter will have another new contribution, Ztrade, cross border fee kick start just last month july

icecool

5,038 posts

Posted by icecool > 2024-08-20 19:35 | Report Abuse

awesome QR

OrlandoWeb3AI

4,909 posts

Posted by OrlandoWeb3AI > 2024-08-20 20:19 | Report Abuse

This is just the beginning

Just getting started

Posted by EngineeringProfit > 2024-08-20 20:44 | Report Abuse

Sailang kah?

hhhiii123

824 posts

Posted by hhhiii123 > 2024-08-20 21:28 | Report Abuse

tell me how to drop tomorrow if qr so good lol

cherry88

986 posts

Posted by cherry88 > 2024-08-20 21:29 | Report Abuse

Let's do some math. its 1H2024 EPS recorded 4.3sen. We expect full FY2024 EPS to hit 9 sen. Compare to its current price of 90sen, its PE only 10x. donwside risk is very limited as compare to its potentail upside. Let's you yourself tell me what is its upside !

Posted by EngineeringProfit > 2024-08-20 21:33 | Report Abuse

Fair PE would be 15-25?

hhhiii123

824 posts

Posted by hhhiii123 > 2024-08-20 21:39 | Report Abuse

tech company PE is around 40~100, 15~25 damn low la

Posted by EngineeringProfit > 2024-08-20 21:46 | Report Abuse

If so, can go 2.00 or not?

hng33

20,502 posts

Posted by hng33 > 2024-08-20 22:03 | Report Abuse

Very high profit margin above 65%, super low tax due to incentive for its business model adopt advance blockchain technology and cloud computing

Very strong cash flow to support myeg many new development cost to expand ztrade from Msia to ultimate entire 10 Asean counties and eventual to entire 15 RCEP countries in future

Such promising business model and high profit margin with tax incentive will propelled myeg to continue steady earning growth

hng33

20,502 posts

Posted by hng33 > 2024-08-20 22:10 | Report Abuse

As far as I know among bursa listed companies, only myeg business model can command such extraordinary profit margin and yet can enjoy super lowest tax,give rise to BEST scenarios "Pretax profit" almost equal to "net profit"

hng33

20,502 posts

Posted by hng33 > 2024-08-20 22:16 | Report Abuse

Myeg profit margin is keep increasing yearly from about 40% in 2020, to last year 60% and now further increase to current 68%

icecool

5,038 posts

Posted by icecool > 2024-08-21 00:37 | Report Abuse

tomorrow buy buy buy!!!

Posted by EngineeringProfit > 2024-08-21 06:04 | Report Abuse

ROE> 20 and profit margin almost 70%? Betul?

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