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[公司专区] 0138 MYEG 服務

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x 1
发表于 2010-12-17 13:55 | 显示全部楼层 |阅读模式
感觉到现在越来越多人上网还路税, 我也是其中之一 . MYEG 的服务范围越来越广. 股价是0.77

各位对这股有信心吗?

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x 4
发表于 2010-12-17 15:04 | 显示全部楼层
我也看好Myeg, 但对它不熟。。
所以迟迟没进入我的list。

希望有研究的分享下。

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x 52
发表于 2010-12-24 18:00 | 显示全部楼层
MyEG may raise funds to expand online tax monitoring project

KUALA LUMPUR: My EG Services Bhd (MyEG) may raise funds to finance the expansion of its Online Tax Monitoring System should the company receive the green light to implement the project nationwide.

For now, the soon-to-be-launched initiative which is currently confined within the Klang Valley under a RM40 million pilot project, will be financed with the company’s internal funds, according to MyEG managing director TS Wong.

“We may seek funding from outside,” Wong told reporters after the company’s annual general meeting here yesterday. He did not elaborate.
He said the pilot project, to be implemented in March next year, is expected to link some 2,500 business outlets’ service tax filings electronically to the Royal Malaysian Customs Department.

According to Wong, policymakers will evaluate the feasibility of the pilot project for one year, before deciding if the tax-monitoring system should go nationwide.

In October, Prime Minister Datuk Seri Najib Razak proposed to raise the service tax to 6% from 5% beginning Jan 1 next year, when he unveiled Budget 2011.

The RM40 million pilot project made news in November 2009 when The Edge reported that MyEG could take a 40% equity stake in a special-purpose vehicle set up, possibly with two joint-venture partners, to undertake the job.

In a clarification to the exchange in response to the news report, MyEG said that the company and its potential JV partners had been in talks with the government on the implementation of the online tax-monitoring system. MyEG also said a proposal for the project had been submitted to lawmakers.

MyEG is principally engaged in the business of development and implementation of E-Government services and the provision of other related services for the E-Government initiative. Its track record include linking insurance firms with the Road Transport Department for the issuance of electronic cover notes, according to MyEG’s website.

MyEG, whose earnings are derived entirely from Malaysia so far, also offers online renewal of working permit for maids. The company also acts as a link between the police and the public via email notifications of traffic summons.

The company was listed on the local exchange’s Mesdaq Market (now Ace Market) in January 2007 at 55 sen a share. The stock was transferred to the Main Board two years later.

Since its flotation, MyEG has undertaken one private placement of 25.25 milion new shares, or some 10% of its issued shares in September 2008. The first tranche of 20.71 million units were placed out at 82 sen apiece, raising RM17.6 million.

At yesterday’s closing price of 76 sen, MyEG had a market capitalisation of RM456.8 million from its issued share base of 601.05 million units. The stock has gained 70.8% this year, outperforming the FBM KLCI’s 19% advance.

MyEG’s bottomline had come in weaker due to higher operating and finance expenses. Net profit fell 37.4% to RM2.8 million in the first quarter ended Sept 30 from a year earlier although revenue rose 13.8% to RM15.47 million.

The company has cash of RM11.32 million versus debt obligations of RM5.02 million, hence, a net cash position of RM6.3 million or one sen a share.

http://www.theedgemalaysia.com/i ... toring-project.html

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x 881
发表于 2010-12-24 18:45 | 显示全部楼层
推廣服務稅電子系統‧MYEG盈利成長料維持20%

    * 大馬財經

2010-12-23 19:07

(吉隆坡23日訊)MYEG服務(MYEG, 0138, 主板貿服組)致力推廣服務稅電子監督系統,放眼在明年3月杪完成2千500名客戶安裝工作,加上路稅更新服務用戶持續增加,看好可在2011年維持20%盈利成長。

MYEG服務執行主席拿督諾麗莎指出,服務稅監督系統可加強商家對服務稅的處理效率,減少人力開銷,但鑒於商家對這方面認知尚未普及,公司會透過高度宣傳來推廣這項系統。

“我們希望在明年3月前完成2千500名客戶的系統安裝工作,並持續找尋新客戶,如何引起人民對這項系統的關注也是重點環節之一。”

她說,未來1年內會繼續在巴生河流域推廣上述系統,一旦系統效率獲政府認同,會開始將這項電子服務推廣至全國。

透過早期一系列宣傳活動,她表示旗下路稅更新服務用戶也持續增加中,可望進一步強化未來盈利表現,加上業務的高抗跌性質,認為來年展望仍非常樂觀。
星洲日報/財經‧2010.12.23

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x 881
发表于 2010-12-24 18:46 | 显示全部楼层
更新: December 24, 2010 01:44

MYEG服務斥4000萬
開發線上服務稅系統
(吉隆坡23日訊)MYEG服務(MYEG,0138,主要板貿易)投資4000萬令吉開發線上服務稅系統,預計將在明年3月開跑。

該公司執行主席拿督諾萊莎在股東大會后指出,服務將涉及巴生谷2500間商店,測試1年。

她指出,系統協助稅務自動化,省卻人力和文件成本,預計2012年3月完成測試后,將在全國使用這個系統。

董事經理王天順(譯音)則指出,目前數工程在手,明年成長動力有望維持。

“公司將撥款600萬令吉,做為年度廣告和宣傳費用,隨著公司服務漸廣為人知,明年前景將更佳。”

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x 6
发表于 2010-12-24 18:47 | 显示全部楼层
高盛一直买进很多这支股。

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x 24
发表于 2010-12-25 02:02 | 显示全部楼层
duno when will transfer to main market...

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x 2
发表于 2010-12-27 18:29 | 显示全部楼层
KUALA LUMPUR: My EG Services Bhd (MyEG) may raise funds to finance the expansion of its Online Tax Monitoring System should the company receive the green light to implement the project nationwide.

For now, the soon-to-be-launched initiative which is currently confined within the Klang Valley under a RM40 million pilot project, will be financed with the company’s internal funds, according to MyEG managing director TS Wong.

“We may seek funding from outside,” Wong told reporters after the company’s annual general meeting here yesterday. He did not elaborate.
He said the pilot project, to be implemented in March next year, is expected to link some 2,500 business outlets’ service tax filings electronically to the Royal Malaysian Customs Department.

According to Wong, policymakers will evaluate the feasibility of the pilot project for one year, before deciding if the tax-monitoring system should go nationwide.

In October, Prime Minister Datuk Seri Najib Razak proposed to raise the service tax to 6% from 5% beginning Jan 1 next year, when he unveiled Budget 2011.

The RM40 million pilot project made news in November 2009 when The Edge reported that MyEG could take a 40% equity stake in a special-purpose vehicle set up, possibly with two joint-venture partners, to undertake the job.

In a clarification to the exchange in response to the news report, MyEG said that the company and its potential JV partners had been in talks with the government on the implementation of the online tax-monitoring system. MyEG also said a proposal for the project had been submitted to lawmakers.

MyEG is principally engaged in the business of development and implementation of E-Government services and the provision of other related services for the E-Government initiative. Its track record include linking insurance firms with the Road Transport Department for the issuance of electronic cover notes, according to MyEG’s website.

MyEG, whose earnings are derived entirely from Malaysia so far, also offers online renewal of working permit for maids. The company also acts as a link between the police and the public via email notifications of traffic summons.

The company was listed on the local exchange’s Mesdaq Market (now Ace Market) in January 2007 at 55 sen a share. The stock was transferred to the Main Board two years later.

Since its flotation, MyEG has undertaken one private placement of 25.25 milion new shares, or some 10% of its issued shares in September 2008. The first tranche of 20.71 million units were placed out at 82 sen apiece, raising RM17.6 million.

At yesterday’s closing price of 76 sen, MyEG had a market capitalisation of RM456.8 million from its issued share base of 601.05 million units. The stock has gained 70.8% this year, outperforming the FBM KLCI’s 19% advance.

MyEG’s bottomline had come in weaker due to higher operating and finance expenses. Net profit fell 37.4% to RM2.8 million in the first quarter ended Sept 30 from a year earlier although revenue rose 13.8% to RM15.47 million.

The company has cash of RM11.32 million versus debt obligations of RM5.02 million, hence, a net cash position of RM6.3 million or one sen a share.

http://www.theedgemalaysia.com/i ... toring-project.html

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x 404
发表于 2010-12-27 19:20 | 显示全部楼层
8# CashCow


it's already in main market, under trade/service sector

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x 52
发表于 2011-1-7 16:18 | 显示全部楼层
Goldman Sachs Intl ups My EG stake

KUALA LUMPUR: Goldman Sachs International acquired two million shares of MY E.G. SERVICES BHD [] shares on Dec 30, a filing to Bursa Malaysia showed.

After the acquisition, its shareholding in the company increased to 7.09% or 42.6 million shares.

The company develops and implements e-government services and provides other related services for the e-government initiative.

My E.G. serves as a community-based information and services centre for the public to access information, execute transactions and interact with the government and government-related institutions.

The share price closed at 79.5 sen on Dec 30.

http://www.theedgemalaysia.com/b ... ps-my-eg-stake.html

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x 87
发表于 2011-1-8 22:34 | 显示全部楼层
7# Passion


抱歉,因为不懂,想知道了解多一些“高盛”指的是哪一个高盛呢?有英文名吗?是国外的高盛银行吗?

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x 404
发表于 2011-1-8 22:37 | 显示全部楼层
本帖最后由 漫游无本 于 2011-1-8 22:38 编辑

12# xinde1314


你的上一楼写着大大个 Goldman Sach VT 的情人

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x 35
发表于 2011-1-8 22:43 | 显示全部楼层
它的PE和股价/股值蛮高下

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x 87
发表于 2011-1-8 22:45 | 显示全部楼层
他是马来西亚唯一和政府合作提供电子还税的公司,市场是由他垄断的!

但是问题马来西亚人不是人人会用电子报税,可我却相信它终有一天会普及化的!

加上MYEG的业绩是每个季度都在成长的,要更上一层楼只是时间的问题

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x 9
发表于 2011-1-8 23:55 | 显示全部楼层
听说这股和kairy有关系的。。。应该是属于政治股。。

khairy现在失势了。。。不懂会不会有影响。。

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x 404
发表于 2011-1-9 09:13 | 显示全部楼层
15# xinde1314


它不是垄断,政府自家也有类似电子还税,交罚款服务了,不久前才看到政府打广告

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x 16
发表于 2011-1-24 12:44 | 显示全部楼层
高盛一直买进很多这支股。
Passion 发表于 2010-12-24 18:47


高盛看中的股,要绑安全带哦。。。

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x 3
发表于 2011-3-4 09:41 | 显示全部楼层
SUMMARY OF KEY FINANCIAL INFORMATION
31/12/2010

INDIVIDUAL PERIOD
CUMULATIVE PERIOD
CURRENT YEAR QUARTER
PRECEDING YEAR
CORRESPONDING
QUARTER
CURRENT YEAR TO DATE
PRECEDING YEAR
CORRESPONDING
PERIOD
31/12/2010
31/12/2009
31/12/2010
31/12/2009
$$'000
$$'000
$$'000
$$'000
1Revenue
16,969
14,840
32,436
28,437
2Profit/(loss) before tax
5,843
4,777
8,684
9,295
3Profit/(loss) for the period
5,810
4,737
8,612
9,208
4Profit/(loss) attributable to ordinary equity holders of the parent
5,810
4,748
8,612
9,228
5Basic earnings/(loss) per share (Subunit)
1.00
0.80
1.40
1.50
6Proposed/Declared dividend per share (Subunit)
0.00
0.00
0.00
0.00








AS AT END OF CURRENT QUARTER
AS AT PRECEDING FINANCIAL YEAR END
7
Net assets per share attributable to ordinary equity holders of the parent ($$)
0.1550
0.1406

- Quarter Report for 31/12/2010
财务报告方面没有多大的惊喜...

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x 3008
发表于 2011-3-4 09:50 | 显示全部楼层
这股的风险/赢面将会在大选后显见,
如果国阵大胜,
它前景亮丽,
如果民联大胜,
它前景暗谈,
关键在于GST。。。

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x 52
发表于 2011-3-7 23:01 | 显示全部楼层
Customs tax service wildcard for MyEG

MyEG Services is Malaysia’s dominant e-services player, providing a wide range of government-to-citizen (G2C) services.

The company, which started with a concession to provide drivers’ licence theory tests for the Road Transport Department (JPJ), has expanded its portfolio to offer additional services from JPJ and other government agencies. It now offers 19 services from seven service suppliers. Apart from an online presence, MyEG also has a network of 65 e-service centres nationwide.

The company’s earnings are poised to grow rapidly in the next few years, driven by (1) continued growth in the road tax renewal service, (2) increasing network, coverage and market share, with its expanding number of e-service centres, and (3) new products and services, the most important being the immigration and customs service tax monitoring initiatives.

MyEG is now embarking on a new phase of growth as it expands its services to include those from the Immigration Department (for maid and foreign workers’ annual permit renewal), and most significantly, a customs tax-monitoring service with the Royal Malaysian Customs.

Under the customs tax monitoring scheme, MyEG has a 40% stake in a special purpose vehicle (SPV) that will link up point-of-sales (POS) terminals of businesses that are subject to customs’ service taxes, such as restaurants and entertainment outlets.

The SPV will spend RM100 million on capex, but will receive a 20% share of the taxes that were previously found to be under-declared, with the lion’s share of 80% going to the government.

This will give MyEG a potentially large wildcard from FY June 2013 onwards. However, it is too preliminary to assess at this juncture, as much depends on how much tax was under-declared in the first place. The service will also be compatible with a GST regime that is likely to be implemented at a later stage, giving the company a potentially wider earnings base.

Another key earnings driver will be the immigration services, where MyEG will offer online foreign worker permit renewals, potentially tapping a two million people market.  

In the near term, the company’s earnings will continue to be driven by the road tax renewal services which are growing rapidly. The service currently attracts over 5,000 road tax renewals a day, with an estimated 30% market share. The drivers’ licence theory tests and e-insolvency searches, meanwhile, will provide steady income.

We expect net profit to rise by 20.3% to RM25.3 million in FY11 and 20.4% to RM30.5 million in FY12, assuming no contribution from the customs tax service in FY11-12.

At 74.5 sen, its shares are trading at P/E multiples of 17.7 times FY11 and 14.7 times FY12 earnings. While these P/E valuations do not look very attractive after last year’s strong price rally, they are still reasonable relative to their double-digit strong growth, high return on equity of over 24% and net profit margin of above 30%.

More attractive is the ability for earnings to surprise on the upside from FY12 onwards due to the customs tax monitoring, immigration and other services in the pipeline.

The underlying market for MyEG’s 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.


Road tax renewal and JPJ service
Launched in April 2008, the road tax renewal service has been the main driver of MyEG’s growth over the last two to three years, with the original drivers’ licence theory tests and insolvency search services providing stable income.

The service is likely to continue seeing strong growth in the near term, as it is still rapidly gaining market share and acceptance after a heavy advertising and brand-building exercise.

MyEG has two main business models for the road tax renewal service — an online and a kiosk-based one, both of which have been very well-received.

For the kiosk-based service, MyEG has signed up a number of financial institutions and placed a kiosk in selected branches of the financial institutions, as well as its own service centres. These kiosks will provide MyEG with an additional physical network and customer base.

We understand the online service currently attracts over 5,000 transactions per day, a significant increase from 3,000 per day a year ago. Growth has been strong due to growing customer acceptance, the ease and convenience of the online service, reasonable charges and heavy advertising.   

We understand MyEG now has a market share of about 30% of total road tax transactions for passenger cars issued daily. The number of ancillary motor insurance premiums sold daily has also doubled from about 150 to over 200 in the past year.

The management is optimistic of continued strong growth for the service in the next two years, before it reaches saturation point. The company has been seeing its transaction volume growing a robust 8% month-on-month in the last few months. Once the business matures, MyEG expects more steady income and growth to be driven by the immigration and customs initiatives.   

The market for road tax renewal services is supported by a large number of vehicles and drivers, with road taxes that need to be renewed annually, annual insurance premiums and drivers’ licences renewal due every five years. Other JPJ services in the pipeline include e-application of vehicle registration numbers and online vehicle ownership transfer.


Immigration services
MyEG soft-launched its new e-immigration service in April 2010. This involves the online renewal of foreign workers’ permits. At present, the service caters for domestic maids, but will be extended to cover other foreign workers at a later stage.

Once the service is fully in place, employers of foreign workers — such as factories, businesses and households (for domestic maids) can apply for the renewal of their foreign workers’ permits online, hassle-free and at minimal costs. Most renewals are currently undertaken by agencies, who charge high fees of around RM200 per renewal, especially for domestic maids.

MyEG is offering a cost-effective solution, charging RM50 per transaction, excluding the government levies. We understand the specially printed permits will be personally delivered to the customers’ homes or offices by MyEG’s personnel team, who will affix it to the workers’ passports for security reasons.

With an estimated two million foreign workers in Malaysia, of whom about 250,000 are domestic maids, the potential for this service is large — and recurring. For the domestic maid permit renewal service, we understand MyEG currently has about 70-80 cases a day. Once the service is expanded to cover other workers, we expect volume to increase significantly.  


Customs tax monitoring
The Customs tax monitoring service, in conjunction with the Royal Malaysian Customs, will be the most significant of the new services proposed.

This involves linking up POS terminals of businesses that are subject to customs’ sales and service tax (such as restaurants and entertainment outlets) to minimise under-declaration of taxes and administrative paper work.

The service will be undertaken via a SPV, where MyEG will hold a 40% share and several other private parties the balance.

The SPV will undertake the programme and install a software at each POS terminal for the link-up — at the SPV’s cost. We understand the cost is as much as RM5,000 per full system terminal, for those without compatible POS terminals. In return, the SPV will receive a share of the additional service and sales taxes collected.

Earnings visibility for the new service is uncertain at this juncture, as it depends on how much sales and service taxes were “under-declared” in the past, which cannot be ascertained. According to management, the sharing ratios between the government and the SPV are 80% and 20%, respectively, of the under-declared taxes, with a base growth imputed.

The potential market is large. We understand the service tax base is about RM4 billion in 2010, of which about RM2 billion is for category C and D businesses, namely restaurant and entertainment outlets. The remaining RM2 billion is from professional services as well as gaming.   

Equally though, it is a high risk-high return investment on the part of the SPV, given the sizable capex needs. Total capex is estimated at RM100 million for the first phase, of which RM20 million has been spent. Substantially more may be needed for the later stages and when GST is eventually implemented.

The SPV plans to start with a pilot test phase in May 2011, which will continue until the end of the year, with a full rollout of the service in Jan 2012. The pilot phase will involve some 2,500 premises under licence categories C and D, while the actual rollout will capture about 15,000 outlets under these two categories.  

Its infrastructure is compatible with a goods and services tax (GST) system as it is essentially a POS system to capture the value of sales. With the likely implementation of GST at a later stage, the scope of the SPV’s business should expand as most businesses will be captured under the GST system, unlike the current service tax regime, which focuses on selected businesses.

http://www.theedgemalaysia.com/i ... dcard-for-myeg.html

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