MY E.G. SERVICES BHD
KLSE (MYR): MYEG (0138)
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Last Price
1.10
Today's Change
+0.04 (3.77%)
Day's Change
1.05 - 1.12
Trading Volume
138,808,200
Discussions
66 people like this. Showing 50 of 66,460 comments
Deputy PM shakes hand with Li Q in Beijing for G to G collaboration.
Soon the news will be official... Likely when li Q visits Malaysia in coming Jun24
1 day ago
paktua only aimed rm1.14 on coming week..
from rm0.775 till now..
final destination is on 14hb june 24..
what ever level on 14hb june..
thas date paktua finally will exit all..
tut tut
hoping on coming week can reach rm1.14
1 day ago
分析：MIDF投行研究
目标价：1.38令吉
最新进展：
MyEG（MYEG，0138，主板科技股）2024财年首季净赚1亿5583万令吉，同比上扬47.10%。
截至3月底的首季，营收报2亿3295万8000令吉，同比增长34.48%。
MyEG首季净利和营收双涨，主要归功于Zetrix区块链平台服务与Zetrix代币销售驱动。
MyEG 海德
行家建议：
MyEG首季营业额大增，加上营运开销同比降低10.7%，使该公司赚幅维持在60%以上，也是其盈利强劲且创新高的主因。
这也让公司首季业绩表现超出我们预期，占了我们全年盈利预测的30.4%。
我们认为，MyEG通过区块链科技推出的服务，将让其获得更佳的收益，因为相关服务是在现有电子政府服务的基础上实现，将提供更良好的盈利基础。
按目前的进展，Zetrix代币的营收很有可能超过电子政府服务的总收入。
我们把Zetrix代币的营收和赚幅前景纳入考量后，把2024和2025财年盈利预测各别调高，至5.869亿令吉和6.613亿令吉。
整体而言，Zetrix代币将持续推动MyEG的盈利增长，因此，我们维持“买入”评级，但目标价则由1.07令吉大幅调高至1.38令吉。
这是基于2025财年的每股盈利预测为8.9仙与15.5倍本益比不变下得出的合理目标价，该价位也等同于集团过去两年的平均本益比水平。
1 day ago
IB not sure how to value Ztrade so they all just play save and use PE around 15X only ~ ~
1 day ago
PE should be above 40X like MYEG's glory time. In fact the potential now is much more bigger than glory time as the market is not limited to Malaysia but all RCEP countries and eventually global.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy). The improvement in revenue to RM232.9m was mainly supported by: i) contribution from Zetrix blockchain platform; and ii) contribution from the sale of Zetrix tokens.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
The group continues to record commendable earnings growth premised on the Zetrix platform. The progressive effort to introduce new services using blockchain technology would further translate into better yield for the group. Note that this is on top of the existing e-government services which serve a good earnings base for the group. At the current rate, the house is of view that there is a high chance that earnings from Zetrix would take over the overall income from e-government services.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
The group continues to record commendable earnings growth premised on the Zetrix platform. The progressive effort to introduce new services using blockchain technology would further translate into better yield for the group. Note that this is on top of the existing e-government services which serve a good earnings base for the group. At the current rate, the house is of view that there is a high chance that earnings from Zetrix would take over the overall income from e-government services.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Jan 22, 2024 MyEG Services Bhd’s (MyEG) Zetrix, Web2Labs Hong Kong and Summer Capital are teaming up to to advance Hong Kong’s Web3 initiatives. Blockchain strategy and technology company Web3Labs leverages its network of over 500 partners throughout the Web3 ecosystem including government bodies, institutions, investors, exchanges and media outlets to foster additional growth and innovation facilitated by the city state. The key objectives of this collaboration among others is to enhance Zetrix as the preferred Layer-1 platform for blockchain applications aligned with the HK’s government’s Web3 vision and catalysed by further collaborations with industry and business communities.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Jan 22, 2024 MyEG Services Bhd’s (MyEG) Zetrix, Web2Labs Hong Kong and Summer Capital are teaming up to to advance Hong Kong’s Web3 initiatives. Blockchain strategy and technology company Web3Labs leverages its network of over 500 partners throughout the Web3 ecosystem including government bodies, institutions, investors, exchanges and media outlets to foster additional growth and innovation facilitated by the city state. The key objectives of this collaboration among others is to enhance Zetrix as the preferred Layer-1 platform for blockchain applications aligned with the HK’s government’s Web3 vision and catalysed by further collaborations with industry and business communities.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Zetrix co-founder Wong Thean Soon said it is thrilled to partner with Web3Labs, a trusted leader in the Web3 space.
“This collaboration will add immense value to Zetrix and provide invaluable support to the burgeoning Web3 ecosystem with key stakeholders in HK.
“Zetrix and its international supernode on China’s national public blockchain, Xinghuo BIF is the natural choice for Web3 decentralised applications (DApps) that serve the objectives of HK Special Administrative Region (SAR) to be a global crypto hub,” he said.
Echoing Wong’s sentiment, Web3Labs chief executive officer Caspar Wong said it is excited to welcome Zetrix as a strategic partner.
“Their commitment to aligning with the HK vision and fostering innovation makes them the perfect platform for building impactful Web3 solutions.
1 day ago
3iii can't tahan too after seeing such a good QR..
Incremental profit every quarter...
Steady
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Debt increasing.
FCF anaemic.
1 day ago
I prefer company to borrow adequate money to run project to earn more money back like myeg...
1 day ago
With the Layer 1 blockchain platform, namely Zetrix, coming online, MYEG continues to commercialise innovative services as Web 3.0 becomes widely adopted.
Furthermore, Zetrix has also been integrated with China’s national blockchain platform, namely "Xing Huo” which will allow ease of cross-border trade to take place, and it will be the group’s foray into the global market
1 day ago
MYEG's project needs to use its own funds to complete the system and facilities first, and then charge users after commercialization. Just like a toll road, once it is built and commercialized, it will be a goose that lays golden eggs for decades. So borrowing money is necessary.
1 day ago
Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$â¬Â£Â¥
Myeg’s 1QFY24 earnings grew strongly by +47.2%yoy to RM156.0m. This was mainly attributable to the stronger growth in revenue as well as the decline in operating expenses (-10.7%yoy).
DO YOU NOTICE THIS STATEMENTS! OPERATING EXPENSES GOING DOWN YOY.
THIS EXPLAINS THE BORROWING BEAR FRUIT FOR DEVELOPING WED3 LAST YEAR.
DEVELOPMENT COST WAS EXPENSE AND MINIMUM NOW..
HENCE, MORE PROFIT MOVJNG FORWARD..
MORE MORE AND MORE
1 day ago
Waiting for more announcements of ztrade roll out..
And many more news applications make used of web3
1 day ago
For the time being everything is just hearsay, nothing is concrete; it doesn’t mean anything deputy PM shaking hands with the Chinese.
1 day ago
MYEG has a new revenue that just started last month, but the market seems to have forgotten about it, that is the e-Driving Test. It is currently optional and will be fully implemented by the MOT in 2030.
1 day ago
QR bagus lagiiii tp susah sikit la kat ngara jauh sgt ni
knp ada tercium haruman die skt mcm serbuk dinamite
1 day ago
The latest QR provides more proofs that the almost unbelievable Zetrix token is real is it?
Thank you
21 hours ago
Market cap $8B as of $1.10
Market cap $16B if $2.20
Myeg will be index stock..
Possible the black horse after Ztrade?
16 hours ago
MYEG trades way below it's historical high..
The only stock that not back to glory day..
Tenaga, maybank, Gamuda,...
Myeg still 50% discount with earning 100% improve
$150mils per QR
$600mils per years..
16 hours ago
BusinessToday
Home Editor's Choice
Editor's ChoiceMarketsNews
MY E.G. Services Strong Beat Spurred On By Token Sales
By K. Harinderan -May 31, 2024
MyEG’s core net profit in 1Q24 rose by 50% yoy to RM158.4m mainly due to stronger revenues from blockchain, but slightly offset by higher interest expenses.
CGS International said today (May 31) that the revenue mix from the blockchain segment grew to about 25% of 1Q24 total revenue to RM58.2m, from 8% in 1Q23, implying 320% yoy growth.
This was largely attributed to Zetrix token sales made at a higher market price versus historical levels, complemented by other ancillary services. This also drove 1Q24 EBITDA margin higher to 80.4%, from 71.5% in 1Q23.
Additionally, non-blockchain revenue also grew by 10% yoy, driven by concession and commercial services from the immigration segment, while transportation segment remained stable despite increasing digitalisation adoption in Road Transport Department services.
CGS reiterates Add on MyEG with a higher TP of RM1.40 due to its attractive valuation and potential EPS upside from its blockchain business.
11 hours ago
CGS expects revenue contribution from the blockchain segment to continue to rise, especially with the commercialisation of Zetrix’s cross border trade solution by 2Q24 and the launch of digital asset ETF with Hong Kong-based MaiCapital.
Aside from broadening the monetisation avenue for the segment, this could spur more demand for Zetrix tokens to be used as a utility token to transact products and services on the Zetrix platform,CGS said.
Despite the sizable increase in its total borrowings from RM847m in 4Q23 to RM1.16bn in 1Q24 to fund the development cost of its blockchain business, net gearing fell from 21% to 13% during the same period as operating cashflow remained strong.
CGS has raised their FY24- 26F EPS by 18-26% to account for higher revenue contribution from Zetrix token sales due to its price appreciation, as well as higher market share assumption for the upcoming cross border solution. As such, the forecasted revenue mix from the blockchain segment is raised to 30-40% in FY24-26F, from 18-26% previously.
11 hours ago
Dun worry, current TP revise upward to only RM 1.40, but, as long as myeg can show every quarter increment in EPS forward, all IB research will have to keep re rate myeg target price upward as their peg is based on valuation PE 16x.
Therefore, any upward increase quarterly EPS will translate into forward revision upward to target price next.
9 hours ago
Analyst CGS now only assume blockchain oversea business for 30-40% of revenue. But, blockchain Ztrade only at infancy stage now. Ztrade have tremendous growth as it plan to expand from current only Msia into 10 Asean countries and eventual 15 RCEP countries. Blockchain ZTRADE revenue can expand multifold higher instead of current 30-40% assumption by CGS. These growth revenue, EPS, will record in quarterly report forward, allowing IB analyst to keep re rate and revise TP based on quarterly basis.
9 hours ago
Selling pressure from EPF will gradually diminishing after ease as substantial shareholder. KWP also likely to follow EPS to ease off soon if keep selloff myeg stake
Sadly these 2 local pension fund have opt out to enjoy myeg growth, but, it have paving way for more private fund manager, foreign fund and savvy investor to accumulate staggering, as myeg offer both steady local concession business + global cross border business platform fees in RMB + cytocurrency in USD and upcoming listing HK exchange ETF etc
8 hours ago
Prior to the 23rd AGM, shareholders may submit questions to the Board of Directors at
www.myeg.com.my/investor-relations/general-meetings latest by Sunday, 23 June 2024 and the response will be broadcasted during the virtual meeting. During the 23rd AGM, shareholders may submit questions by clicking on “Ask Question” on the RPV facilities while participating in the virtual meeting.
7 hours ago
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Ztrade in power now..
1 day ago