MYEG - Notice of Book Closure MY E.G. SERVICES BERHAD
Distribution of 69,750,000 ordinary shares in Agmo Holdings Berhad ("Agmo"), representing MY E.G. Services Berhad's ("Company") 21.5% equity interest in Agmo, held through MY E.G. Capital Sdn Bhd (a wholly-owned subsidiary of the Company), to the entitled shareholders of the Company by way of dividend-in-specie
Kindly be advised of the following :
1) The above Company's securities will be traded and quoted "Ex - Dividend” as from: 17 Feb 2023 2) The last date of lodgment : 20 Feb 2023
Remarks :
We refer to the announcement dated 23 December 2022 in relation to the dividend-in-specie ("Dividend-in-Specie") as well as the circular to shareholders of the Company in relation to the Dividend-in-Specie dated 4 January 2023 ("Circular"). Unless otherwise stated, the terms used herein shall have the same meaning as defined in the said announcement and the Circular.
The shareholders of the Company whose names appear in the Record of Depositors of the Company as at 5:00 p.m. on Monday, 20 February 2023 ("Entitlement Date") shall be entitled to the first tranche of the Dividend-in-Specie ("Entitled Shareholders"). The Entitled Shareholders will receive their entitlements at no cost.
Based on the total issued share capital of the Company of 7,437,975,678 Shares (excluding 39,595,400 treasury shares), the 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. For illustrative purpose, an Entitled Shareholder holding 10,000 Shares will be entitled to receive 93 Agmo Shares from the Dividend-in-Specie.
Announcement Info Company Name MY E.G. SERVICES BERHAD Stock Name MYEG Date Announced 20 Jan 2023 Category Listing Circular Reference Number ILC-20012023-00001
Agmo Launches ChatGPT Powered Training Programme For ...
businesstoday.com.my https://www.businesstoday.com.my › 2023/02/22 › ag... 22 Feb 2023 — It offers an AI-powered tutoring solution for the layperson through an easy-to-understand and simplified learning process. The innovation and .
Agmo An Emerging Beneficiary Of The Digitalisation Trend
Agmo appeals as a digital solutions and application development specialist that is well positioned to prosper from Malaysia’s transition towards the new digital economy. Its established track records with various notable clients and partnerships with key suppliers promise good growth prospects with outstanding orderbook of >RM18m. Agmo is trading at an undemanding 15x FY24F PE which implies a PEG ratio of only 0.6x. Intiate coverage with a target price of RM0.96.
WHAT’S NEW
• Buying opportunity from the current overhang as MYEG distributes Agmo shares as dividend in specie to shareholders. Agmo Holding’s (Agmo) share price has weakened 21% since My EG Services (MYEG) began distributing its 25.8% stake in Agmo as dividend in specie (via two tranches in Mar 23 and potentially Aug/Sep 23).
• Agmo a clear beneficiary of businesses’ digital establishment and transition. Agmo’s bottom line has accelerated in recent years in tandem with explosive demand by business organisations’ digitalisation efforts, reflecting the country’s nascent demand for software development services in AI, blockchain, cloud computing, data analytics and extended reality. To note, Agmo has an established track record of developing applications for over 100 customers from various industries including healthcare, logistics, oil and gas, automotive, financial services and government agencies.
• Multi-pronged strategy for Agmo to catalyse earnings growth. Agmo is poised for a new leg of growth, underpinned by: a) investment in R&D division as well as the group’s sales, marketing and business development team; b) in-house proprietary development framework - Agmo Genesis which enhances the group’s efficiency in application development; c) EV-related ventures with strong emphasis to EG themes; and d) establish a training and development centre to generate additional revenue and recruit new industry talent.
• Option value for Zetrix potentially as high as RM100m. To note, Agmo has a project management and advisory role for Zetrix, with an option to get a 5% share in exchange for Zetrix’s contract sum. Hypothetically, if we assume that Zetrix’s China-ASEAN trades can achieve 2% of China’s rough annualised domestic trades of 1.8t transactions, at 0.4 US cents per transaction, Zetrix could generate around RM650m revenue or RM100m net profit annually. This can potentially translate into a RM100m option value for Agmo, based on 20x PE of its 5% Zetrix stake.
Agmo EV SuperApp Launching event and MoU Exchange Ceremony between Agmo Group and Alibaba Cloud! Date: 13th June 2023 Time: 1:30 PM Venue: E-Gallery, Multimedia University, Cyberjaya
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....
imvu
7,888 posts
Posted by imvu > 2022-12-27 09:57 | Report Abuse
ni dah kenapa terusk sangat dump !