MYEG
MY E.G. Services Bhd or in short, MYEG (0138) is listed at the main board of Bursa Malaysia under the trading & services sector. MYEG was listed in the Mesdaq Market before being transfered to the main board.
Basically, MYEG is a company that provides services for government transactions to be done online through the Electronic Government (E-Government) Initiatives. MYEG also helps in delivering improvements in the government internal operations and in the delivery of services to customers.
MYEG collaborates with the below government agencies :-
Jabatan Pengangkutan Jalan (JPJ)
Polis Diraja Malaysia (PDRM)
Tenaga Nasional (TNB)
Telekom Malaysia Berhad (TM)
Dewan Bandaraya Kuala Lumpur (DBKL)
Jabatan Insolvensi Malaysia
Jabatan Pendaftaran Negara (JPN)
Services provides by MYEG :-
Driving liecense renewal
Auto insurance renewal
Road tax renewal
LDL application
PDRM summons alert
Topup prepaid account
Financial views of MYEG :-
MYEG financial results has been not too bad with the passed 12Q making money. Last year EPS is at 2.90sen with the latest EPS at 0.70sen.
Taking the latest EPS at 0.70sen (1Q), the projected EPS for MYEG will be around :-
0.70×4 = 2.8sen
* One year has 4Q!
At the current price of MYEG at 45.5sen, the PE for MYEG will be roughly around :-
45.5/2.8 = 16.25
Financial summary of MYEG from the attachment below :-
Conclusion
MYEG is a government link company with a good earning record. I am still thinking whether i want to invest in MYEG or not as the only drawback in investing in MYEG is the PE which is around 16.25.
Other then that, this baby is doing fine. MYEG gives out dividend as well from time to time. You can see it from the financial summary of the image above which i put up earlier.
One think is for sure, at the current situation MYEG is a better choice if you compared with PENTA or even GPACKET. 
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7 Responses to “MYEG”
By Mrcoolku on Feb 4, 2010 | Reply
I also look good on this company. Its ROE is ok too. The most important is its trend in the future. Renewing or applying through online will be a trend in the future.
I am funding $$ to buy MYEG.
By acoolbook on Feb 5, 2010 | Reply
Hey, Kampung, thanks for posting Myeg.
I haven’t bought any yet, still doing some research on it.
I bought Scomimr this week before the announcement come out. Not sure whether the good news will push the price up??
Let’s hope our dream come true ya !!
By Kampung Boy on Feb 8, 2010 | Reply
@acoolbook :-
Seems like the good news didn’t push Scomimr up! ^^ Nothing to worry though. It’s a solid and strong company with good track record.
Hold it and you will never regret! ^^
By acoolbook on Feb 8, 2010 | Reply
Hi Kampung Investor,
What I worry is Scomi might not put his heart in Scomimr….he seems prefer Scomieng. Ths is what the newspaper written too.
This is a good news but the price not up but down….I think something not right leh ~~
By Kampung Boy on Feb 8, 2010 | Reply
@acoolbook :-
Time will tell whether our investment will bear fruits or not. I am still have confidence on Scomimr.
Scomimr will move if and only Scomi moves.. If scomi dives, it will follow to dive.
We shall see when the time comes ok but i am still confident la.. ^^
By Tam on Feb 23, 2010 | Reply
Guys, how about Segi Education Group?
Education is quite a fixed and stable industry..any comment?
By Kampung Boy on Feb 26, 2010 | Reply
@Tam : I will find sometime to study Segi and make a post on it later. ^^