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)

5 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...

4 days ago

keepup

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

4 days ago

Kawasaki668

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

4 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

4 days ago

keepup

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

4 days ago

whitesamurai

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

4 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

3 days ago

icecool

wow excellent QR

3 days ago

hng33

Super profit Q3 = 2.6sen

3 days ago

hng33

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

3 days ago

hng33

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

3 days 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.

3 days 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

3 days 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/

3 days ago

hhhiii123

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

3 days ago

abidinaa

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

3 days ago

sheldon

So will the counter fly tom?

3 days ago

Tryingtogetrich

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

3 days 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.

3 days 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)

3 days 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.

3 days ago

Sweetchocalates

@hng33 thanks bro for the summary.

3 days ago

Noni

This is like Amazon

3 days 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

3 days ago

Invest23

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

3 days ago

abidinaa

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

2 days ago

abidinaa

And too many shorties kacau.

2 days ago

stevenckheng

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

2 days ago

CarolineTeoh

Today we are fighting the shorties ? 😃

2 days ago

hng33

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

2 days 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

2 days 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.

2 days 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

2 days 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.

2 days ago

icecool

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

2 days ago

Tenka226

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

2 days 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%

2 days ago

hng33

Maybank maintained a “buy” rating on MyEG, with an unchanged target price of RM1.68, run-rates for ZTrade’s COO applications has doubled q-o-q (quarter-on-quarter) to about 10,000 per month in quarter-to-date-4QFY2024, while its WorldCoin iris verification has nearly tripled sequentially to about 15,000 applications daily in October/November 2024.”

Remark: https://cointelegraph.com/news/malaysia-worldcoin-iris-scan-digital-verification

2 days ago

hng33

Malaysia has officially adopted Worldcoin’s iris scan technology for personal verification, marking a major milestone in the nation’s digital transformation strategy.

The partnership (Worldcoin Foundation, Tools for Humanity (TFH), MyEG, and MIMOS Berhad) aims to integrate Worldcoin’s advanced biometric verification system into Malaysia’s digital ecosystem, providing a secure and efficient method for verifying individual identities, known as “proof of humanness.”

This collaboration extends beyond just identity verification. Potential future developments include joint manufacturing of the “Orb,” the device used for iris scans, and integrating Worldcoin’s blockchain technology with Malaysia’s National Blockchain Infrastructure.

2 days ago

hng33

MyEG was appointed by Worldcoin to provide infrastructure services and operate the blockchain-enabled iris scanning (RM50 revenue per scan).

https://www.thestar.com.my/business/business-news/2024/11/22/zetrix-a-profit-driver-for-myeg-services

UOB Kay Hian Research said it understands that more than 100,000 sign-ups have been onboarded thus far, which roughly added RM5mil revenue to MyEG.

With more iris scanning deployed in recent months, it expects more registrations especially from rural areas and foreign workers. MyEG targets one million World ID registrations for 2024 to 2025.

1 day ago

duatlai

@hng33, terima kasih

1 day ago

hng33

Lets Huat together 😁

1 day ago

keepup

No big fund like epf kwap support price difficult to go up!

1 day ago

hng33

Agreed, therefore need to hold for long term and enjoy steady EPS growth forward and dividend with upcoming major catalyst to list Zetrix ETF

1 day ago

Income

masak katak plahan lahan Tahutak?

1 day ago

flytothemoon

ya, semasa rasa sudah masak, sudah tak sempat, sebab sudah jadi millionaire sibuk kira wang sahaja

1 day ago

flytothemoon

ya, semasa rasa sudah masak, sudah tak sempat, sebab sudah jadi millionaire sibuk kira wang sahaja

1 day ago

flytothemoon

ya, semasa rasa sudah masak, sudah tak sempat, sebab sudah jadi millionaire sibuk kira wang sahaja

1 day ago

Income

Betul Betul masak katak Plahan lahan ya!

1 day ago