MYEG is the new Theranos
https://says.com/my/news/ministry-of-health...t-kit-fake-news

GG.

Damn..
If really got approval..
Good... Since it's cheaper option than currently which cost rm700...

But now just wait till the day 😔

That is the problem with investor. Always running ahead of times When the things are not confirmed yet. Sometimes You need to think outside the box.

Just becos they acquire test kit would Make the share price up? There are so many factors which one needs to take into consideration.

All d best in buying. I have said enough d.

He is anticipating the possibility of price rise with new business segment - fundamental

Yes, many factors, in particular the general market sentimental.

MyEG Covid 19 rapid test kit got approved by US FDA...
MoH Malaysia don't know when 😁

2020: Putrajaya gave MyEG a three-year extension to manage the online renewal of foreign workers’ temporary employment passes. This contract is worth an estimated RM208 million

2023: All immigration services and processes will be fully back under the department’s management by 2025, including those currently handled by third-parties like MY E.G. Services Bhd (MyEG)

By 2025: Multi-pronged revenue streams from Zetrix to fuel MYEG's earnings growth?

Contract is expired then but can be renewed in future because immigration sure cannot handle one 🤦‍♀️

Limit down now, 0.655.

Near-term sentiment affected by the newsflow. Confident investors will capitalise on the irrational selldowns

https://drive.google.com/file/d/1ZXCGc12l4J...iew?usp=sharing

This post has been edited by Ceedee: Feb 7 2023, 12:58 PM

True..

Just waiting for lobbies to do their work...

I'm expecting middle next year, new contract 🙂😜

Research also way wrong but at the peak at the most dangerous 🤦‍♀️

Most likely smaller contract on support end as no way immigration will have support staff on it 🤦‍♀️

well..
something than nothing

still got $$$ involved

In fact service contract more inflated than actual profit delivery contract 🤦‍♀️

Only thing with product delivery they will only change the variables to inflate it but it gonna be difficult under this govt

Seems like today a lot of bottom fishing going around this morning and selling pressure might be happening now

Typical...
Many gomen projects always inflated one...
Would be surprised if at actual cost or minimal profit margin 😁

No need to wait long guys, MACC is probing NIISE.

Expect rebound tomorrow?

The problems is the bad actor that PMX need to get rid of now too many ghosts inside 🤦‍♀️

Nothing to do with the probe because the contract was already signed earlier only thing was the amount which is the variation order that MACC is probing now 🤦‍♀️

The share price went up yesterday due to EPF is buying into it and it might accumulate more now

You better off buying IRIS instead because they are the actual provider and even if the cutoff from NIISE they will still have revenue from the passport related items

On Friday MyEG closed at 0.610 down 14.69% with 0.590 low
How much lower will it go? I think it will drop to around 0.50 in the shorter term.
IRIS ??
I don't think IRIS will be in the current goverment book at all.
The new development contract will be given to a new company.

I doubt it will go lower than 0.60 if KWAP keeps buying

iRIS no matter how will still be dominant in the project it is awarded and they have to deiiver by 2025 🤦‍♀️ It won’t be given to a new company because costs and timeline and they govt now negotiate to lower the price from the current price and push for faster delivery

IRIS will still have the market as all the ID chips are supplied by them including Touch n Go NFC it is also by them 🤦‍♀️

Seriously...
What KWAP is thinking...
They know something we don't know??? 🤔