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Overview
Financial Highlight
HeadlinesBusiness Background MY E.G.Services Bhd, or MYEG, provides electronic government solutions and services in Malaysia. The company is primarily engaged in the development and implementation of the Electronic Government Services project, the provision of other related services, and investment holding. Electronic Government Services include the testing, issuance, and renewal of drivers’ licenses, renewal of vehicle road tax, vehicle ownership transfer, the renewal of foreign workers permits, bankruptcy status searches, and payment systems. The company also provides commercial offerings, such as insurance, credit and debit payment solutions, tracking systems, and telecommunications services.
  mrknowled Laugh die me leh, when price at 1.06 people yelling drop below rm1 liao. Thankfully i collect at 1.06 lo welldone 20/11/2019 6:47 PM leekokshen There were 2 transaction of 5000 lots each at RM1.19 as "cross trade" today. What does it mean ya? 20/11/2019 6:56 PM Trouble Huat Much more company have future growth. But does it mean will reflect in result immediately? No right?. Haha 20/11/2019 7:21 PM kenzylim trouble huat, of course it wont reflect in result immediately. We buy the future of the company with cheap price, not when the result already reflected and price is high then only go and chase. 20/11/2019 7:34 PM mrknowled Aiya trouble huat, i know you regret never buy before this announcement. Don’t be so sad ok 20/11/2019 7:36 PM CharlieSim more good news coming... after collection... now pushing time... push...push .. :) 20/11/2019 8:16 PM ChefSaham phillipines business already kick off and running! should see uptrend until qr release 20/11/2019 9:17 PM Trouble Huat Haha. In share there is no such thing of regret. Btw even with this announcement. Trust me tmr wont up much or even maintain the share price 20/11/2019 9:19 PM  probability MyEG partners with MultiSys to improve systems in PH posted November 20, 2019 at 06:28 pm by Manila Standard http://www.manilastandard.net/index.php/tech/tech-news/310547/myeg-partners-with-multisys-to-improve-systems-in-ph.html Leading Filipino software company, Multisys Technologies Corporation and MyEG Philippines sealed a partnership to provide both private and public sectors with diversified software system solutions. MyEG partners with MultiSys to improve systems in PH MyEG Philippines teams up with MultiSys as its preferred Philippine technology partner to serve companies and government agencies. Shown here are (from left) MultiSys Executive Vice President, Kathlynn Mila; MultiSys Chief Executive Officer and Founder David Almirol Jr.; MyEG Philippines Chairman, Enrique Gonzalez; MyEG Philippines President, Ronald Aquino; and MyEG Philippines Chief Advisor, Paolo Martel. This deal will enable more companies and government agencies to utilize state-of-the-art technology solutions, software integrations, and other information technology (IT) services. This offers a more seamless experience to customers using financial technology platforms that are activated in MultiSys eBusiness and eGovernment platforms. Through its partnership with MultiSys, fintech solutions provider MyEG Philippines will be able to serve Filipinos better through providing convenient software solutions for organizations and institutions. “We look forward to this synergistic collaboration with MultiSys as we continue to expand our reach in the Philippines. This will enable us to offer a wider and more enhanced platform for essential services accessible anywhere at any time,” said MyEG Philippines President Ron Aquino. “MultiSys is set to elevate the country’s various industries through our software solutions, which will drive the growth of the Philippine economy. Having the privilege to enrich the everyday lives of the Filipinos is certainly fulfilling for us,” said MultiSys President and Chief Executive Officer David Almirol Jr. “Our partnership with MyEG further strengthens our shared goal to make IT in the Philippines more functional and expansive.” MyEG PH and Multisys are also in talks of bringing the partnership overseas. Backed by PLDT which invested 2.1 Billion for 45% shares last year. .................................................................. MultiSys is launching Smart City and Smart Government projects with various local government units to upgrade their software solutions. On the other hand, MyEG Philippines has implemented the system integration through LandBank Link Biz e-Payment facility. It also plans to launch more software solutions in the private and public sectors, such as the Online Portal System that lets residents and other customers’ access city government services online anytime. 20/11/2019 10:43 PM probability Who is Multisys? Multisys ready to expand overseas June 19, 2019 | https://www.bworldonline.com/multisys-ready-to-expand-overseas/ Mr. Almirol said the five-year-old Multisys has been expanding exponentially since its formation, and is expecting to generate billions in revenues by end-2019. 20/11/2019 10:45 PM icecool aiyo people so late already go to bed get some rest later get heart attack 20/11/2019 11:52 PM Davino Can Insider buy, right? You can see buy back notice. They don’t care you don’t want. 21/11/2019 1:55 AM investortrader88 https://www.theedgemarkets.com/article/myeg-partners-philippines-land-bank-online-services 21/11/2019 7:54 AM mrknowled don’t worry about malaysia gov la next election BN will takeover back, then myeg will fly to rm 4 21/11/2019 8:44 AM lambsauce lapsap govt only knows to fatten cronies, myeg dun need them much anymore, overseas prospect is the way 21/11/2019 9:06 AM  paktua73 now paktua beat all who doubt myeg can fly.. green army let crash 1.25 we backup you on behind.. tut tut love earning back 21/11/2019 9:12 AM Aero1 Multisys is Philippines rising and leading star company. Philippines is a good and very potential market. 21/11/2019 9:18 AM paktua73 paktua due force by request platoons leaders.. done 2 squads sold all their share from 1.23-1.21 sometime we need break the word for other benefits.. tut tut apologise from paktua 21/11/2019 9:19 AM madwind14 1.27 is too high, showtime for 1.20-1.21 gangs, just like the 1.16-1.17 gangs 21/11/2019 10:06 AM GG7448 It can be down more than 10 cents in a day... why not up more than 10 cents in a day as well... at least some lights for those trapped above rm 1.300... Let huat together !!! 21/11/2019 10:43 AM Smart Beginners Posted by Trouble Huat > Nov 20, 2019 9:19 PM | Report Abuse Haha. In share there is no such thing of regret. Btw even with this announcement. Trust me tmr wont up much or even maintain the share price My reply : Think before comment. You will be slap by other people. 21/11/2019 10:44 AM kenzylim Trouble huat, aiyo i trust u no up so much one leh why up 5% dy har now? Walao eh old bird u really have trouble to huat la 21/11/2019 10:46 AM Titan MYEG malaysia 1Q revenue is about 120M and profit about RM60M. If Myeg Philippine charge only RM1 base on the120M sign up, meaning they will get RM 120M/year. Each Q about RM30M. 50% profit 15M. Meaning profit increase by 25%. Of course this is a very simplistic assumption and some might argue, u think 120M sign up will use the services? Of course not loh but on the same note, will MYEG only charege RM1? In Malaysia, they are charging Rm3 to 5 if not mistaken. Bear in mind, this is only the 1st phase. More services to come leh. Big boss said that in 3 yrs time, oversea revenue will equal to local revenue. 21/11/2019 10:48 AM Stanley8 Ini kalilah, those who did not buy regret later, price is still cheap. Pla buy more ditto doyble advise. 21/11/2019 11:19 AM  Investar2862 No need to crack my head too hard... make investment simple! I just follow management of MYEG when they buy back their share. Just up few sens and Sell now? NEVER !!! Good opportunity is hard to come by and shall not be wasted. We already know that MYEG ventured into other countries like Philippines, Indonesia & Bangladesh a few years ago (in order to expand and leverage on its knowledge and expertise in this field and not solely relying on its business in Malaysia) and now we starting to see positive results coming in... Things are certainly getting better for MYEG after suffering from unfortunate challenges one after another after GE14... Look at the financial performance of MYEG over the past one year after GE14 and you will noticed that its revenue and profit has been stable and good. If not for the impairment for the GST system in the last quarter of 2018, its business revenue and profit would be positive like any other quarter. So now we are waiting for the last quarterly results of 2019. Based on the past track records and no unusual developments (no bad news so far), we can expect another good results coming... When that happens, the 4 rolling quarters EPS will improve (because no more affected by the 4th quarter 2018 losses - due to impairments of GST system). Therefore, PE will improve as well. Note: If MYEG manage to get a contract to implement GST system in one of the overseas country, there may be reversal of impairment later. That would be a strong boost for the company. Well, it can only gets better when they continue to doing the right things... Overseas business contribution especially from Philippines will start to coming in from the next quarter onward! Cheers! 21/11/2019 11:29 AM probability once black rock and vanguard finish disposing...we may never get this cheap.. it may move up very fast of course it would be even nicer if they (foreign funds) changed their mind ................ with the current chaos in local politics, govn will think twice on making drastic changes like giving Myeg contracts to competition have they (PH) dared to make any major business changes? ECRL is on...Bandar Malaysia is on... nothing changed...just the name 21/11/2019 11:31 AM yoyo high margin business with the ambitious Mr Wong, my top selection among others 21/11/2019 12:08 PM kaleemtheman MyEG said the launch of the service is the realisation of a partnership between MYEG Philippines and Land Bank, which entails the implementation and integration of MYEG Philippines' Electronic Payment and Collection System by Land Bank. As the official depository bank of the Philippines and a fully government-owned entity, Land Bank has more than 400 enrolled merchants, comprising national government agencies, local government units, as well as private enterprises. 21/11/2019 2:16 PM  |
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