It is almost guaranteed that Govt will back their GST products.

The big problem is that their bottom line isn't growing as fast as you would expect from a company that's very cozy with the government.

But the thing is, GST is different from sales/service tax.

In Sales/Service tax, the pubs might underdeclare their revenue and the sales/service tax. That's why there's a need to put in a systems to monitor how much it the revenue or sales.

But in GST, it is a self monitoring mechanism. The pubs would will want to declare the full revenue and sales so that they can claim the GST credit. So, maybe then there isn't a need to have a systems to monitor the pubs.

Well they still have to declare anyways, less or more, just that myeg's product makes it easier. Actually I don't understand your question haha

That's only one of their product lines, they have lots of other products including road tax and kiosks. Edge mentioned something like 20+ in development.

Interesting article from the Edge.

THIS month and next, MyEG Services is set to introduce two new services — the e-immigration renewal and customs tax monitoring services, which will set the next stage of growth for the company.

MyEG is Malaysia's dominant e-services provider, providing a wide range of government-to-citizen (G2C) services. Its earnings are poised to grow rapidly in the next few years, driven by its road tax service, the new services and increasing network coverage. MyEG has grown its e-service centres and e-service kiosks network significantly, particularly in Sabah and Sarawak.

The company has an attractive business model and a strong cash-rich balance sheet — making it ideal for investors who want a good balance of defensive and growth qualities.

The underlying market for its services is very large, with relatively resilient, and recurring, demand. Demand is also being supported by the growing popularity of online services and transactions for convenience and cost reasons.

We are maintaining our forecasts and expect net profit to rise by 45% to RM24.9 million in FY10 and 28% to RM31.9 million in FY11. At 43 sen, the stock's P/E valuations are inexpensive at 10.4 and 8.1 times for FY10-11 earnings, especially relative to its strong growth potential.

http://www.theedgemalaysia.com/insider-asi...-services-.html

MyEG is a great stock to hold,they have contract with government until 2015,which means their 'rice bowl' is very secured,added with high ROE,high CAGR,great profit margin..its just a matter of time for the stock to fly,waiting to stock up at 0.40:D:D:D

I've been holding this stock for almost a month now. Not much volatility. At such P/E valuation, I'm beginning to wonder if the "rapid growth" in earnings have already been priced into the current stock price.

'Good things come to those who wait.'

Just like what you quoted:D

agreed that tis is a potential one..but this stock has been trading within the range of .44 to .425 .. Div ex date is on nxt few days..

Yeah, it better go up.. just bought a few hundred thousand shares.

i hope so , dude. i remember back in 07 i think, writeup was so positive on this company. but somehow the growth never materialize. eps also like stagnant, and now they dont have monopoly anymore (but i dont know who are the other 2 competitor becasue only see the MYEG sexy girls ad on tv!).

Initially there were 3 companies given the concession for government eservice,including MyEG.In 2008,MyEG acquired one of its competitor MySpeed.Currently,MyEG has control over 40+% over the market.

Rm0.40 is your target? i hope it can reach RM0.60

yeah its my target,but i doubt it will go down to this price again, but lembaga tabung haji is disposing its stake in myeg though,so it might,just MIGHT reach 0.40 after div..lets see how it goes..

It has gone up 8% today as at 935am

i hv used myeg
dont quite like their service-slow

so should i stil get some?

any sifus who have gained?

MYeg got announce dividen mer -.- ?

First interim tax-exempt dividend of 0.5 sen per 10 sen ordinary share in respect of the financial year ending 30 June 2010.

Kindly be advised of the following :

1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 21 April 2010 ]

2) The last date of lodgement : [ 23 April 2010 ]

3) Date Payable : [ 21 May 2010 ]

1 more question, i don't really get this (0.5 sen per 10 sen ordinary share )
does this mean tax-exempt for 30000 units is rm 1500 and i get rm 1500 fully ?

This post has been edited by mudz: May 3 2010, 05:30 PM

I am a new bird Mind explaning the meaning of:

1. First interim tax-exempt dividend of 0.5 sen per 10 sen ordinary share in respect of the financial year ending 30 June 2010.

2. The above Company's securities will be traded and quoted [ "Ex - Dividend" ]
as from : [ 21 April 2010 ]

3. If i have 1,000 unit, how much will i get as dividend?

4. Should i go in now or after the dividend?

cheers.

30,000 units x 0.5 sen = 15,000 sen = RM150

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Added on May 3, 2010, 5:59 pmAnswers in RED

This post has been edited by DanielW: May 3 2010, 06:01 PM