hng33

"The fact that bitcoin was trading near all-time highs when the election result came through meant that it had clean sky above."

Right time for Myeg, zetrix coin to soon breakout historical all time high to stay above USD 20 for its own next level clean sky.

Currently, Myeg derive about 30% profit from zetrix, such margin will increase to above 50% soon and will ultimately replace local concession become major source of profit for myeg

1 week ago

AllIsVanity

Same old same old; see if it can turns the tables after quarter announcement.

1 week ago

U1818

13-11-2024 10.55am >>>>>>> Zetrix = $20

1 week ago

hng33

YES, myeg zetrix have breakout all time high above USD 20, sky is limit
https://coinmarketcap.com/currencies/zetrix/

1 week ago

CarolineTeoh

Now we wait MYEG to break all time high 😁

1 week ago

U1818

Investors are ignoring Zetrix. MYEG should spin off Zetrix and re-evaluate it.

1 week ago

AllIsVanity

Something is off.

1 week ago

AllIsVanity

yenico9160
People with weak hands vs. strong hands when the tree is shaken.
Investors with weak hands tend to be impulsive and fearful, while those with strong hands have greater financial stability and a long-term perspective on market fluctuations.
Strong hands often maintain conviction in their investment strategies and are less prone to reactive market behaviors.
Big traders and dealers often capitalize on weak hands' predictable behavior and they strategically buy when weak hands sell, exploiting their reactions to drive market movements.
Strong hands traders are better capitalized, less emotional, and more focused on long-term trends. They often trade large positions and do not rely on precise short-term levels.
Weak hands are placing bets rather than investing and they tend to be easily spooked by price changes,

6 days ago

CarolineTeoh

Another record high in revenue and net profit for the upcoming QR ? 😀

6 days ago

hng33

💪

6 days ago

U1818

17-11-2024 6:20pm >>>>>>> Zetrix = $21.20.

4 days ago

hng33

https://coinmarketcap.com/currencies/zetrix/ 😁

3 days ago

hng33

higher Zetric market price translate DIRECTLY to higher profit margin for every zetrix sold by myeg which still own 957 million zetrix available for sale (total zetrix supply1.16 billion - total zetrix already sold 202.7 million)

3 days ago

ValueInvestor888

but MYEG is not moving.
People invested directly in bitcoin, or bitcoin related counter in US like Microstrategy are laughing to the bank.
I also took profit as this hype will be over soon...

2 days ago

keepup

don't know why myeg so high profit, but market cap so low. like never wake up

2 days ago

Kawasaki668

https://www.thestar.com.my/business/business-news/2024/11/06/zetrix-platform-set-to-spur-myegs-earnings

2 days ago

whitesamurai

So many good news regarding this company but that share price always below RM0.90. Why so many people aim for RM1.30-1.40 btw the share price are so weak and still got so high selling pressure …??

even today mostly share firmly but it so lousy like sleepy share lol…hopefully it will drop until more cheaper only consider buy this share

2 days ago

keepup

will drop until 0.85? QR out push til 0.90 and drop back again. myeg style

2 days ago

whitesamurai

Buy others better that wasted time on it…otherwise can get more cheaper price with discount lol

2 days ago

hng33

Nasdaq Inc’s plan to list options on the US$43bil iShares Bitcoin Trust as early as this week and Goldman Sachs Group Inc’s push to spin off its digital-asset platform, signs of how crypto and its underlying blockchain technology are burrowing deeper into the financial system.

Bitcoin jumped as high as US$92,606 on Monday in the United States before changing hands at US$90,565 as of 8:06am yesterday in Singapore, about US$3,000 below a record set last week.


The largest digital asset is up 35% since Trump’s Nov 5 election win on a platform that included making the United States the world’s crypto capital.

“The crypto scene is on the move once again,” Chris Weston, head of research at Pepperstone Group, wrote in a note, adding that Trump Media’s play for Bakkt is “another piece of positive news that is lifting sentiment”.

Trump has vowed to create a supportive US regulatory framework for digital assets and set up a strategic bitcoin stockpile.

https://www.thestar.com.my/business/business-news/2024/11/20/bitcoin-gets-a-boost-from-growing-us-embrace

1 day ago

icecool

wow excellent QR

1 day ago

hng33

Super profit Q3 = 2.6sen

1 day ago

hng33

Even after stripping fair value gain from heitech, myeg continues deliver increase higher quarterly net profit, mark consecutively Q to Q growth

1 day ago

hng33

Expect next Q will deliver even higher profit as zetrix selling price surge another record high in Q4

1 day ago

Invest23

These are very normal quarter results. There was no huge growth for its Zetrix service, especially since ZTrade launched. Zetrix's revenue went from RM82.765 million in Q2 to RM84 million this quarter.

This quarter PAT has a one-time gain from HTPADU. After being excluded, the PAT in this quarter amounted to RM170.36 Million, compared to RM165.34 Million in Q2.

1 day ago

hng33

Zetrix selling is lower in Q3 (average around USD 16.5) if compared to Q2 which average around USD 17.5.

The exchange rate is also much weakness in USD in Q3 if compared to Q2

In coming Q4 will record much stronger profit as zetrix
price surge more than 25% to record USD 20.5

1 day ago

Invest23

I agree that the result of Q4 will be stronger, but I don't agree with the number of token sales, because I found that the total of supply tokens is not directly equal to the sale of tokens. If the 200 million in token sales is true, I believe that MYEG's profit will be multi-million in every quarter and not just around a million. Besides, I saw on the circulating supply, whitepaper and the schedule of Zetrix, that they mentioned that the total supply is not just coming from private or public sales.

https://support.coinmarketcap.com/hc/en-us/articles/360043396252-Supply-Circulating-Total-Max-
https://docs.zetrix.com/zetrix-whitepaper/

1 day ago

hhhiii123

just hold and ignore all kind of random movement, the counter will rocket one day

23 hours ago

abidinaa

That's exactly what I'm waiting for. The day it will rocket to Infinity and Beyond.

23 hours ago

sheldon

So will the counter fly tom?

22 hours ago

Tryingtogetrich

Invest23 … where did u get the zetrix revenue figure of 84 million for this quarter ?

22 hours ago

Sweetchocalates

why the qr report is so fishy. almost every quarter profit margin is so high and consistently up but cash flow so low have to rely on sukuk lol. I dont know myeg business much. any long term myeg investor come explain.

21 hours ago

AllIsVanity

Ground Control to Major Tom
Ground Control to Major Tom
Take your protein pills and put your helmet on
Ground Control to Major Tom (ten, nine, eight, seven, six)
Commencing countdown, engines on (five, four, three, two)
Check ignition and may God's love be with you (one, lift off)

21 hours ago

hng33

Every quarter, myeg is adding almost RM 150m - RM 200m as development cost to built zetrix platform by adding more new services. Aside zetrix platform, myeg also develop foreign worker accommodation in Penang, Johor, and Selangor to increase multifold from current capacity 800 beds to 24k-30k beds equipped with full facilities and comply gov standard.

Myeg in fact is in expanding mode, leverage up sukuk and cash flow from operation to sophisticated zetrix platform, expand zetrix to Asean and RCEP countries as well as in the midst building multifold foreign worker accommodation to reap recurring profit once completed. Myeg is turnning cash into cash generating assets.

Myeg is also adding capax every quarter to commence new JPJ E-testing. Next, partnership myeg to heitech on all it's gov service, like RM 830m NIISE will generate higher revenue forward.

20 hours ago

Sweetchocalates

@hng33 thanks bro for the summary.

20 hours ago

Noni

This is like Amazon

13 hours ago

hng33

https://www.marc.com.my/rating-announcements/marc-ratings-affirms-myegs-aa-is-rating/
MARC Ratings has affirmed its rating of AA-IS with a stable outlook on MY E.G. Services Berhad’s (MYEG) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.0 billion in nominal value.

MARC Ratings notes positively the group’s ability to diversify its revenue base by expanding its non-concession businesses. Apart from fees generated from insurance renewals and foreign worker recruitment, the group also receives rental income from providing accommodation for foreign workers. Construction of additional foreign worker hostels is expected to commence in 1Q2024 — two in Johor (Tanjung Langsat and Muar), two in Selangor (Sungai Buloh and Rawang) and one in Penang (Batu Kawan). These hostels would accommodate about 30,000 workers and add to the existing two foreign worker hostels in Selangor and Melaka, each housing around 400 workers

12 hours ago

Invest23

Tryingtogetrich. You may refer to the quarter report section - A8—segmental Information.

12 hours ago

abidinaa

I gibab la. Too many shares in the sucker bilis hands. It's going nowhere. I take 4.5k duit kopi only.

10 hours ago

abidinaa

And too many shorties kacau.

10 hours ago

stevenckheng

MYEG still got what core business? Our government launching their own apps and sop to reduce the reliance on the third party.

10 hours ago

CarolineTeoh

Today we are fighting the shorties ? 😃

9 hours ago

hng33

Zetrix price continue on uptrend
https://coinmarketcap.com/currencies/zetrix/

9 hours ago

fair2play

MYEG should have adjusted to RM1, the least, on opening bell, given the super charge Bitcoin and other crypto token or ETF in the world now. But, its climb is half dead. The old and self serving system must change. Reward good results. Punish bad results. That is how USA stock markets work and its people become prosperous and happy. Be open minded when seeing old aunties uncles, unemployed ones can make pocket money from stocks for living

6 hours ago

fair2play

...We just have to be extra patience for next 1 to 2 days more. I will sell off and get out . USA stocks are more interesting and predictable.

6 hours ago

hng33

https://www.thestar.com.my/business/business-news/2024/04/24/myeg-zetrix-and-maicapital-to-explore-launch-of-virtual-asset-funds

MYEG and Zetrix said they had inked a memorandum of understanding (MoU) to issue a Securities and Futures Commission of Hong Kong (SFC) approved ETF, which would consist of a basket of cryptocurrencies such as Bitcoin and Zetrix, and potentially other suitable cryptocurrencies.

"The collaboration aims to provide investors with additional avenues for diversification across multiple cryptocurrencies, thereby helping to mitigate the risks and nd volatility associated with owning a single cryptocurrency," said MYEG managing director TS Wong.

Remark: with zetric price uptrending, it is right time to list zetrix ETF soon

6 hours ago

AllIsVanity

三年之後又三年, 三年之後又三年！十年都嚟緊頭啦老細！

Rocket launch failed again, wait for next quarters.

5 hours ago

icecool

every time myeg go up all the haters will pop out of their cave and talk shit.

4 hours ago

Tenka226

Excellent Q3 performance. MYEG is supposed to be above RM1 now

4 hours ago

hng33

Of course have to hold for next Q4 result as Zetrix price have significantly surge about 30% since Q3 from average USD 16.5 to current USD 21.2.

Currently, Zetrix and its platform service contribute 35% myeg revenue and 50% myeg profit. The discrepancy of zetrix contribution in turn of revenue and profit% is because myeg reap about 85% profit margin on zetrix, much higher than Malaysia concession business margin at around 60%.

Hence, with Zetix price now continue uptrend, next coming Q4 will stand to increase even higher profit margin of more than 90%

3 hours ago