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 MYEG 0138, Can Invest some in this counter ah?

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xander2k8
post Feb 6 2023, 06:29 PM

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QUOTE(Taikor.Taikun @ Feb 6 2023, 02:36 PM)
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?
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Contract is expired then but can be renewed in future because immigration sure cannot handle one πŸ€¦β€β™€οΈ
xander2k8
post Feb 7 2023, 02:36 PM

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QUOTE(Ceedee @ Feb 7 2023, 09:49 AM)
Research also way wrong but at the peak at the most dangerous πŸ€¦β€β™€οΈ

QUOTE(nexona88 @ Feb 7 2023, 02:26 PM)
True..

Just waiting for lobbies to do their work...

I'm expecting middle next year, new contract πŸ™‚πŸ˜œ
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Most likely smaller contract on support end as no way immigration will have support staff on it πŸ€¦β€β™€οΈ
xander2k8
post Feb 7 2023, 04:43 PM

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QUOTE(nexona88 @ Feb 7 2023, 03:15 PM)
well..
something than nothing

still got $$$ involved  devil.gif  brows.gif
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In fact service contract more inflated than actual profit delivery contract πŸ€¦β€β™€οΈ

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
xander2k8
post Feb 9 2023, 01:25 AM

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QUOTE(nexona88 @ Feb 7 2023, 08:21 PM)
Typical...
Many gomen projects always inflated one...
Would be surprised if at actual cost or minimal profit margin 😁
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The problems is the bad actor that PMX need to get rid of now too many ghosts inside πŸ€¦β€β™€οΈ

QUOTE(Taikor.Taikun @ Feb 8 2023, 11:12 PM)
No need to wait long guys, MACC is probing NIISE.

Expect rebound tomorrow?
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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 πŸ€¦β€β™€οΈ

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
xander2k8
post Feb 12 2023, 04:52 PM

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QUOTE(Ceedee @ Feb 12 2023, 02:56 PM)
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.
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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 πŸ€¦β€β™€οΈ 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 πŸ€¦β€β™€οΈ
xander2k8
post Feb 12 2023, 10:39 PM

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QUOTE(nexona88 @ Feb 12 2023, 08:31 PM)
Seriously...
What KWAP is thinking...
They know something we don't know??? πŸ€”
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Yes KWAP and EPF are doing something with it

It might be also another forced takeover or owning the shares and forcing the company to pay higher dividends to them

But for sure IRIS is the winner in this saga no matter how because they have already own contract while MYEG is only leveraging the system to provide the service contract πŸ€¦β€β™€οΈ
xander2k8
post Feb 12 2023, 11:29 PM

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QUOTE(nexona88 @ Feb 12 2023, 11:22 PM)
Actually IRIS is the original one
In between... Politics came into the picture... Then others take over... Including MyEG...
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That is why I said if buying MYEG better off buying Iris because of the hardware ecosystem that they are supplying as they are only one in Malaysia who does it so if buying for long term

If you realise MYEG is diversifying into the business that don’t even know anything about since Covid because they know that their contract is about to lose πŸ€¦β€β™€οΈ but at least they are better doing it than TnG which by 2025 they are gonna be out once MLFF is realised
xander2k8
post Feb 13 2023, 03:03 AM

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QUOTE(soul78 @ Feb 12 2023, 11:36 PM)
will go to 0.40... give it time...
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I doubt this time will go below that because the big boys are buying it πŸ€¦β€β™€οΈ
xander2k8
post Feb 13 2023, 01:49 PM

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QUOTE(Ceedee @ Feb 13 2023, 11:25 AM)
Today it had dropped to 0.570 
I think it will dropped again below  0.570 may be 0.540 before closing at maybe 0.580
Many will get suck in inro this counter.
IRIS  now at the low 0.115  far away from the 0.190 high last week.
Avoid this two is safer
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Lag effect Now bouncing back to 0.60 which is the support level

Why avoid when it is better time to make money if you know how πŸ€¦β€β™€οΈ Volatility means money πŸ€¦β€β™€οΈ
xander2k8
post Feb 14 2023, 03:11 AM

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QUOTE(HumbleBF @ Feb 13 2023, 09:28 PM)
MLFF is?
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Multi Lane Free Flow
xander2k8
post Feb 14 2023, 03:14 PM

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QUOTE(nexona88 @ Feb 14 2023, 11:14 AM)
Latest news mentioned Both EPF & KWAP offload MyEG shares around  7 to 10 Feb 😁
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Because MYEG starting to buy back their own shares

Surprisingly today still holding up at 0.60 range πŸ€¦β€β™€οΈ after this news
xander2k8
post Feb 16 2023, 05:54 PM

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QUOTE(nexona88 @ Feb 16 2023, 04:41 PM)
It is learnt that Malaysian Anti-Corruption Commission investigators will also call a senior government official over his statement on NIISe which affected the share price of an e-government service provider linked to the project.

β€œInvestigators want to find out the context of his statement as a probe into the project is underway,” a source said.

Sources however stressed that should the officer be called, it would not be due to ethical issues or that he was being investigated.

β€œInvestigators want to find out the reason for the statement and the context made,” a source said.

While the source made no mention of the said senior government official, Immigration director-general Datuk Seri Khairul Dzaimee Daud was recently reported to have said that come 2025, all immigration-related affairs, including those being managed by outside parties such as MyEG, would be handled by the Immigration Department.

The day after the news report was published, MyEG’s share price dropped sharply.

https://www.thestar.com.my/news/nation/2023...ven-the-project
jeng jeng jeng
plot thickens devil.gif  brows.gif  whistling.gif
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The stupid director should get fired because his statement is misleading the markets πŸ€¦β€β™€οΈ

Only the minister has the power for such announcements but yet the DG announced it πŸ€¦β€β™€οΈ another useless shoelicker minister again
xander2k8
post Feb 16 2023, 09:17 PM

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QUOTE(nexona88 @ Feb 16 2023, 08:28 PM)
Maybe he wants to buy low 😁

Later if all cleared...
Price hike rocket No tomorrow...
Profit all the way πŸ₯³
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Most likely in cahoots with the owner of the companies πŸ€¦β€β™€οΈ as the owner will not let it drop below 0.60 for now

QUOTE(Ceedee @ Feb 16 2023, 08:49 PM)
I think there is noting wrong with his statement of direction for 2025 which is 2 more years.
It is MyEG cought with their pants down. I am sure they have known this and they should have manage it.
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The statement has to be investigated because it is market manipulation by the director and with the timing itself as well πŸ€¦β€β™€οΈ

MYEG is fully aware of the NIISE and presumptiously thinking that their current foreign worker permit services are still in play later in 2025
xander2k8
post Feb 17 2023, 02:57 AM

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QUOTE(nexona88 @ Feb 17 2023, 01:18 AM)
Probably yes...
Have some interest in them...
That's why the timing very suspicious πŸ€”
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In fact the dg itself through its brother again have some stake in it πŸ€¦β€β™€οΈ
xander2k8
post Feb 17 2023, 02:37 PM

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QUOTE(nexona88 @ Feb 17 2023, 10:26 AM)
Huhuh....

Malaysia always best 😁

Learn from the best
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Wait for the drama πŸ‘

Malaysia Netflix is the best πŸ˜‚
xander2k8
post Feb 22 2023, 07:45 PM

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QUOTE(Chickywawa @ Feb 22 2023, 06:38 PM)
In Loke Loke I trust. I wait slow slow and slow slow wait, it will drop to RM0.50 soon.
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Nothing to do with Loke πŸ€¦β€β™€οΈ

Won’t drop to that level so you wait forever
xander2k8
post Feb 28 2023, 05:05 PM

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QUOTE(Chickywawa @ Feb 22 2023, 06:38 PM)
In Loke Loke I trust. I wait slow slow and slow slow wait, it will drop to RM0.50 soon.
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So quiet now when it is already 0.72 atm πŸ€¦β€β™€οΈ
xander2k8
post Mar 13 2023, 07:15 PM

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QUOTE(nexona88 @ Mar 13 2023, 06:29 PM)
https://www.freemalaysiatoday.com/category/...-midf-research/

Good news for this company
Probably get another few years extension by the government 😁
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News selling time to those who bought at 0.57 to 0.65 range πŸ‘
xander2k8
post Mar 14 2023, 01:40 AM

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QUOTE(nexona88 @ Mar 14 2023, 12:20 AM)
Either that or wait for the good news  to confirm 😏

Because confirm cancel the project...

Process take time from open new tender until awarding.... So existing contract confirm extended πŸ’°πŸ€‘πŸ‘
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Confirm will extend another 2 years at least so good news for those who bought and not waited not for 0.40 πŸ€¦β€β™€οΈ

Now see whether TASS wanna resume and extend the 2 years or open tender

But I will believe Anwar will open tender for sure

 

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