a)MyEG第3季净利增39%
2015-05-30 11:39
2015-05-30 11:39
（吉隆坡29日讯）截至3月杪，MyEG（MYEG，0138，主板贸服股）第3季净利年增38.79%，从去年的1373万9000令吉，提高至1906万9000令吉或每股盈利1.6仙。
第3季营业额录得3897万3000令吉，按年涨27.22%。
合计首9个月，公司净赚4519万6000令吉或每股盈利3.8仙，按年攀升34.97%，高于去年同期的3348万6000令吉。
同期营业额也上扬29.47%，报9645万7000令吉。
由于更新外劳签证、车辆转名和摩托车更新路税的交易量大增，为第3季业绩带来提振作用。
展望未来，MyEG放眼借助5年的电子服务特许经营权，持续推出新服务，有信心在今年交出亮眼的业绩。
同时，公司也会继续与兴业银行合作，扩展商业服务业务。http://www.nanyang.com/node/704108?tid=462
b)
MY E.G. Services - Government to absorb MyEG's FWPR fee? |
Date: 24/04/2015
（吉隆坡20日讯）MyEG服务有限公司（MYEG，0138，贸易服务组）有望在2015财年取得5000万令吉的净利。
截至2015年3月31日止首3季度，MyEG服务的净利为4520万令吉，营业额为9646万令吉，主要归功于外劳准证与保险网上更新服务营业额走高。
MyEG服务主要涉足发展及推介电子政府服务计划及提供其他相关服务，主要包括两大核心领域，即政府至人民（G2C）及政府/企业解决方案（GES）。
中央政府料今年可从电子政府网上服务方面，取得11亿令吉的营业额，而MyEG则从中获取5000万令吉的净利。
“身为我国电子政府且拥有大马多媒体超级走廊（MSC）地位的旗舰应用软件服务商，MyEG服务为国人提供一站式服务，包括陆路交通局、皇家警察、报穷局、吉隆坡市政局、国民登记局和移民厅等政府部门的线上服务。”
MyEG服务持有MY EG Integrated Network私人有限公司的40%股权，后者为一家特殊用途公司（SPV），专门负责电子政府事务。http://www.kwongwah.com.my/news/2015/06/20/91.html
先看看MyEG有什么服务，这个最简单直接的就是去MyEG那里开个户口，在网上就可以了。这点我在我的讲座会那里已经讲解了，所以你去那边开个户口看看就知道它的潜力了（还有多少个政府工程还没电子化）。
然后，再看看目前这个最新的MyMotor，也谢谢你分享这个资讯来让我们可以知道它这个MyMotor大概可以贡献多少钱于MyEG。这个只是表面而已，当你知道它有什么服务后，你会发觉到它已经是一条龙服务了（也可以称之为一站式服务）。这种服务的好处是可以为消费者省上很多时间加金钱，也就是你可以只依赖MyEG就可以达到你要的东西了。
看到关键点了吗？依赖，当人变成依赖的时候就可以慢慢的加钱。排除这个，目前可以看得出MyEG在2手车的行业里的卖点在那里了，便宜+方便。我相信这个是很多二手车业者的问题和要买二手车的人的问题。
为何我说便宜+方便？便宜是因为要买二手车的消费者不用给多钱给中间人（也就是二手车行业的业者），试想想原本要给多至少几千的钱变相为只给几百块的钱给中间人（这个是MyEG），那么这是不是变成很便宜了？
至于方便，别忘了MyEG有和RHBBANK合作，甚至有MyEG的信用卡，所以这个也变成可以直接跟RHBBANK贷款了。除此之外，MyEG还有卖保险，所以更新保险也可以直接一起和卖出的二手车一起卖。这个不方便吗？据我所知，现在的人都是为了方便，尤其是车险方面。还有一点值得注意的是MyEG也是有更新路税（Renew Roadtax）这个服务的哦。而且还是直接可以送到你家门口那种，试问下这种服务够不够力？
要踏足这个领域的路，MyEG一早就已经打好根基了。所以，MyEG踏足这个领域基本上已经是万事俱备而且还是站尽优势那种。你说它很难在这短短的一个月里给接下来的季报贡献，我不认为咯。。。目前这个月是马来人的重要日子，马来人的生意是很容易赚那种，再加上我所讲的优势。。。这个季度的盈利多过上一季（三月的）盈利的确定性实在是太高了。
当然还有很多，不过我就不打算再讲了。。。费事给他人讲我有意去散播消息推高股价。。
| Source | : | CIMB | ||||||||
| Stock | : | MYEG | Price Target | : | 3.54 | | | Price Call | : | BUY | |
| Last Price | : | 2.98 | | | Upside/Downside | : |  +0.56 (18.79%) | ||||
Target RM3.54 (Stock Rating: ADD)
At the Invest Malaysia Conference 2015 meetings, we were disappointed by MyEG's further delays in the launch of the CSTM project. We cut our EPS forecasts by 1-19% to reflect delays in the CSTM's launch and lower FWPR fees to be paid by the government. Our target price, still based on 21x CY16 P/E (in line with its peers), falls as a result. The stock remains an Add. Potential re-rating catalysts include the closing of Immigration counters and successful launch of its CSTM project.
At the Invest Malaysia Conference 2015 meetings, we were disappointed by MyEG's further delays in the launch of the CSTM project. We cut our EPS forecasts by 1-19% to reflect delays in the CSTM's launch and lower FWPR fees to be paid by the government. Our target price, still based on 21x CY16 P/E (in line with its peers), falls as a result. The stock remains an Add. Potential re-rating catalysts include the closing of Immigration counters and successful launch of its CSTM project.
What Happened
MyEG participated in the Invest Malaysia Conference 2015 yesterday, where management met with 40 fund managers (in small group meetings). There was one negative surprise that cropped up during the meetings: 1) The mandatory use of MyEG's custom service tax monitoring (CSTM) has been postponed from end-Mar 2015 to end-Sep 2015. 1HFY16 earnings will mainly be affected. With the new Sep 2015 deadline, it will take MyEG 1-2 months to install CSTM dongles nationwide. We now assume that CSTM will only start in Jan 2016. Concerning the foreign workers permit renewal services (FWPR), the government is expected to absorb MyEG's RM38 FWPR fee but the government had asked for some discount on the fee. MyEG has reduced the FWPR fee from RM38 to RM35 per transaction, representing a 9% decline.
What We Think
We are disappointed with MyEG's CSTM launch delays. CSTM was supposed to start in Apr 2014 but management has been facing one delay after another. On the other hand, the current CSTM delay could be positive as management needs to focus on the FWPR issues and complaints. Although MyEG had to give a discount on the FWPR fee, the lower FWPR fee is a small price to pay. With the government paying for all FWPR transactions, employers now cannot complain about additional fees when renewing foreign workers permits.
What You Should Do
Remain invested in the stock. The company is currently facing some challenges but management remains focused on resolving the issues. If we are right, the government is expected to close the Immigration counters soon. This will resolve concerns over the FWPR services and allow management to focus on CSTM.
MyEG participated in the Invest Malaysia Conference 2015 yesterday, where management met with 40 fund managers (in small group meetings). There was one negative surprise that cropped up during the meetings: 1) The mandatory use of MyEG's custom service tax monitoring (CSTM) has been postponed from end-Mar 2015 to end-Sep 2015. 1HFY16 earnings will mainly be affected. With the new Sep 2015 deadline, it will take MyEG 1-2 months to install CSTM dongles nationwide. We now assume that CSTM will only start in Jan 2016. Concerning the foreign workers permit renewal services (FWPR), the government is expected to absorb MyEG's RM38 FWPR fee but the government had asked for some discount on the fee. MyEG has reduced the FWPR fee from RM38 to RM35 per transaction, representing a 9% decline.
What We Think
We are disappointed with MyEG's CSTM launch delays. CSTM was supposed to start in Apr 2014 but management has been facing one delay after another. On the other hand, the current CSTM delay could be positive as management needs to focus on the FWPR issues and complaints. Although MyEG had to give a discount on the FWPR fee, the lower FWPR fee is a small price to pay. With the government paying for all FWPR transactions, employers now cannot complain about additional fees when renewing foreign workers permits.
What You Should Do
Remain invested in the stock. The company is currently facing some challenges but management remains focused on resolving the issues. If we are right, the government is expected to close the Immigration counters soon. This will resolve concerns over the FWPR services and allow management to focus on CSTM.
c)
MER maintained "Outperform" call on MYEG |
Date: 01/07/2015
Digital News AsiaJun 18, 2015
Targeted at car buyers and sellers, including owners and dealers
To act as one-stop centre for all related transactions, including financing
E-GOVERNMENT services provider MY EG Services Bhd (MyEG) has launched its new automotive portal MyMotor, which it said would offer “an integrated transactional online solution” to vehicle ownership.
This would be a distinct advantage in the automotive online classifieds market, which is filled with portals focused mainly on car listings, the company said in a statement.
The website is targeted primarily at all car buyers and sellers comprising individual owners, used car dealers, as well as new car dealers and salespeople, MyMotor said.
News that MyEG was getting into the automotive portal space first broke late last year when a new company Car X Services was incorporated on Oct 29, saying that its principal activity is to operate and manage an automotive classifieds web portal, plus value-added services for the portal.
Details showed that its directors of Car X Services include one Lee Yeow Pin and MyEG cofounder T.S. Wong.
Also on Oct 29, MyEG announced it had acquired an 80% stake in Car X Services. The remaining 20% stake is held by Lee.
Car X is entering an already heated market, dotted with a number of established players such iCar Asia Ltd’s Carlist.my; the ever-popular PaulTan.org and its oto.my classifieds site; plus other less well-known sites.
Meanwhile, MyMotor said it will undertake the search for the best deals, ensure cars listed for sale are verified by a team of motoring experts, and provide a one-stop solution for all transactions required on a safe and secure platform, based on the existing framework established by MyEG.
In this initial stage, MyMotor will be providing a free listing service for car sellers starting today (June 18).
“MyMotor is an absolute hassle-free online platform that brings both the buyer and sellers of vehicles together,” said managing director Dr Philip Ng.
“It serves as a sales and purchasing assistant, easing the buying and selling transactions for customers. … MyMotor will assist the buyer and seller to complete the transaction from start to finish.
“We will come to you, assess your vehicle, and help you sell your car at the best price. If you're buying, you will get to choose real cars at real prices from their real owners,” he added.
Ng said the portal would act as a one-stop centre where users can buy or sell a car, and have all transactions including vehicle financing, road tax, insurance and car ownership transfer done.
“Backed by MyEG, we have a solid track record and strong partnerships in place to ensure value-added services that no other online car websites can offer,” he claimed.
For this Muslim fasting month of Ramadhan, the first 50 cars successfully purchased through MyMotor will receive RM3,000 (US$800) cash back, subject to approved vehicle financing.
The promotion is valid until the end of Ramadhan or for the first 50 cars sold, whichever comes first, MyMotor said. - See more at:
source:https://www.digitalnewsasia.com/startups/myeg-launches-automotive-portal#sthash.CDXxb4Hq.dpuf
| Source | : | MACQUARIE GROUP | ||||||||
| Stock | : | MYEG | Price Target | : | 3.24 | | | Price Call | : | BUY | |
| Last Price | : | 2.98 | | | Upside/Downside | : | +0.26 (8.72%) | ||||
My E.G. Services (“MYEG”)’s share price enjoyed a strong momentum last week as it climbed 13.4% for the week. Since the beginning of June, the share price surged as much as 12.1%, reaching its high of RM2.88 and its current year-to-date is up 35.5%. The strong share price continued attracting investors to trade call warrant MYEG-CI with a total volume of 59.8M units last week.
Macquarie Equities Research (“MER”) released a report summarizing MYEG’s recent strategy to reduce its revenue dependence on the government-related services. Read on for the excerpts of the report titled “Monetizing captive users” below…
Event
Impact
Earnings and target price revision
Price catalyst
Action and recommendation
By Cynthia Blemin / theedgemarkets.com | June 15, 2015 : 1:50 PM MYT
KUALA LUMPUR (June 15): Prime Minister Datuk Seri Najib Razak told Parliament that MyEG Services Bhd ( Financial Dashboard)'s projected net profit for 2015 is RM50 million.
For the nine months ended March 31, 2015, MyEG, which provides online government transactional services, achieved a net profit of RM45.2 million on revenue of RM96.46 million, mainly contributed by the online renewal of foreign worker’s permit and insurance.
"The federal government is expected to collect a revenue of RM1.1 billion from e-services this year.
"(And) the projected profit for 2015 for MyEG, which is responsible for handling the government's online transactional services, is RM50 million," Najib said in his written parliamentary reply to Member of Parliament for Sandakan Wong Tien Fatt @ Wong Nyuk Foh.
The prime minister was asked to state MyEG's expected profit which is responsible to handle licensing and any duties of the government for 2015 and also state the expectation amount to be collected by the federal government.
Wong had also asked Najib to state the profits for each of MyEG's task, but this was not answered.
But Najib did confirm that the government does not hand out any annual allocation to MyEG.
He explained that there was no such allocation given to MyEG for the e-services rendered as it was based on the build-own-operate (BOO) concept.
However, Najib pointed out that the government does pay service-charges based on transactions carried out.
Najib said as a concessionaire for the Malaysian E-Government MSC Flagship Application, MyEG provides a variety of e-services for its role as the online government transactional service provider with the Road Transport Development (RTD), police (PDRM), Department of Insolvency (MDI), Kuala Lumpur City Hall (DBKL), National Registration Department (JPN) and the Immigration Department.
MyEG has a 40% stake in a special purpose vehicle (SPV) and is principally involved in the business of the development and implementation of e-government services. However the SPV, which is said to be politically linked to Barisan Nasional cronies, has been a target of criticism by opposition lawmakers and the public.
Macquarie Equities Research (“MER”) released a report summarizing MYEG’s recent strategy to reduce its revenue dependence on the government-related services. Read on for the excerpts of the report titled “Monetizing captive users” below…
Event
- MER met with management recently to understand their strategy to reduce revenue dependence on government-related services (currently 80-85% of revenue) to 30% within the next 5 years, as investors are concerned about concentration risk. In MER’s opinion, the target seems aggressive, as new product acceptance will take time – as these are unlike govt-related services (which have limited alternatives and implicit barriers to entry).
Impact
- Cross-selling to improve sales per user. MYEG aims to improve sales per user through cross-selling of products when users are using its e-government service platform, i.e, during the renewal of foreign worker permits, MYEG will also cross-sell its insurance product which can be more profitable than the fee charged on the renewal. The recent acquisition of Cardbiz (credit card payment) will be incorporated into MYEG’s iPay terminal, which will cross-sell to merchants equipped with the GST EMS system.
- Creating an entry barrier against new alternatives. The additional services will also help create a better user experience and improve retention rate. MYEG can also reduce the convenience fee as it will be cross-subsidized from the sales of other services, in order to undercut new entrants if needed, in our view. Although MER thinks the renewal risk of the master concession is low, the government could still introduce alternatives for some of its services.
- Huge potential with the 3.5mn (FWP+GST) new users. Management has indicated that it has plans to cross-sell more products to the users of its new services, as they believe the opportunity of 3.5mn captive market users is sizable. For example, MYEG will be in most retail stores (outlets) with the GST monitoring device, and the terminal will be preloaded with the CardBiz and iPay service into it, which MYEG can easily activate at low cost.
- Earnings delivery is still the main catalyst. While the potential for cross-selling remains attractive, MER believes the near term catalyst remains earnings delivery, as some investors are still sceptical about the execution of the foreign worker permit (FWP) renewal system.
Earnings and target price revision
- No change.
Price catalyst
- 12-month price target: RM3.24 based on a DCF methodology.
- Catalyst: Earnings delivery in next Q results
Action and recommendation
- MER reiterates an Outperform recommendation on the stock as MER believes investors have yet to price in the full potential of the FWP project, which would be the main earnings driver to triple earnings per share in 3 years.
- At MER’s target price of RM3.24/share, the implied price earning ratio for FY17E is 15x, but that has not factored in the upside potential from new products that MYEG wants to cross-sell from the new 3.5mn users.
d)Najib: MyEG's projected profit for 2015 is RM50m
By Cynthia Blemin / theedgemarkets.com | June 15, 2015 : 1:50 PM MYT
KUALA LUMPUR (June 15): Prime Minister Datuk Seri Najib Razak told Parliament that MyEG Services Bhd ( Financial Dashboard)'s projected net profit for 2015 is RM50 million.
For the nine months ended March 31, 2015, MyEG, which provides online government transactional services, achieved a net profit of RM45.2 million on revenue of RM96.46 million, mainly contributed by the online renewal of foreign worker’s permit and insurance.
"The federal government is expected to collect a revenue of RM1.1 billion from e-services this year.
"(And) the projected profit for 2015 for MyEG, which is responsible for handling the government's online transactional services, is RM50 million," Najib said in his written parliamentary reply to Member of Parliament for Sandakan Wong Tien Fatt @ Wong Nyuk Foh.
The prime minister was asked to state MyEG's expected profit which is responsible to handle licensing and any duties of the government for 2015 and also state the expectation amount to be collected by the federal government.
Wong had also asked Najib to state the profits for each of MyEG's task, but this was not answered.
But Najib did confirm that the government does not hand out any annual allocation to MyEG.
He explained that there was no such allocation given to MyEG for the e-services rendered as it was based on the build-own-operate (BOO) concept.
However, Najib pointed out that the government does pay service-charges based on transactions carried out.
Najib said as a concessionaire for the Malaysian E-Government MSC Flagship Application, MyEG provides a variety of e-services for its role as the online government transactional service provider with the Road Transport Development (RTD), police (PDRM), Department of Insolvency (MDI), Kuala Lumpur City Hall (DBKL), National Registration Department (JPN) and the Immigration Department.
MyEG has a 40% stake in a special purpose vehicle (SPV) and is principally involved in the business of the development and implementation of e-government services. However the SPV, which is said to be politically linked to Barisan Nasional cronies, has been a target of criticism by opposition lawmakers and the public.
e)MyEG launches automotive portal
Digital News AsiaJun 18, 2015
Targeted at car buyers and sellers, including owners and dealers
To act as one-stop centre for all related transactions, including financing
E-GOVERNMENT services provider MY EG Services Bhd (MyEG) has launched its new automotive portal MyMotor, which it said would offer “an integrated transactional online solution” to vehicle ownership.
This would be a distinct advantage in the automotive online classifieds market, which is filled with portals focused mainly on car listings, the company said in a statement.
The website is targeted primarily at all car buyers and sellers comprising individual owners, used car dealers, as well as new car dealers and salespeople, MyMotor said.
News that MyEG was getting into the automotive portal space first broke late last year when a new company Car X Services was incorporated on Oct 29, saying that its principal activity is to operate and manage an automotive classifieds web portal, plus value-added services for the portal.
Details showed that its directors of Car X Services include one Lee Yeow Pin and MyEG cofounder T.S. Wong.
Also on Oct 29, MyEG announced it had acquired an 80% stake in Car X Services. The remaining 20% stake is held by Lee.
Car X is entering an already heated market, dotted with a number of established players such iCar Asia Ltd’s Carlist.my; the ever-popular PaulTan.org and its oto.my classifieds site; plus other less well-known sites.
Meanwhile, MyMotor said it will undertake the search for the best deals, ensure cars listed for sale are verified by a team of motoring experts, and provide a one-stop solution for all transactions required on a safe and secure platform, based on the existing framework established by MyEG.
In this initial stage, MyMotor will be providing a free listing service for car sellers starting today (June 18).
“MyMotor is an absolute hassle-free online platform that brings both the buyer and sellers of vehicles together,” said managing director Dr Philip Ng.
“It serves as a sales and purchasing assistant, easing the buying and selling transactions for customers. … MyMotor will assist the buyer and seller to complete the transaction from start to finish.
“We will come to you, assess your vehicle, and help you sell your car at the best price. If you're buying, you will get to choose real cars at real prices from their real owners,” he added.
Ng said the portal would act as a one-stop centre where users can buy or sell a car, and have all transactions including vehicle financing, road tax, insurance and car ownership transfer done.
“Backed by MyEG, we have a solid track record and strong partnerships in place to ensure value-added services that no other online car websites can offer,” he claimed.
For this Muslim fasting month of Ramadhan, the first 50 cars successfully purchased through MyMotor will receive RM3,000 (US$800) cash back, subject to approved vehicle financing.
The promotion is valid until the end of Ramadhan or for the first 50 cars sold, whichever comes first, MyMotor said. - See more at:
source:https://www.digitalnewsasia.com/startups/myeg-launches-automotive-portal#sthash.CDXxb4Hq.dpuf
f)2业务营业额走高 MyEG服务全年净利5千万
二零一五年六月二十日 晚上七时十二分
二零一五年六月二十日 晚上七时十二分（吉隆坡20日讯）MyEG服务有限公司（MYEG，0138，贸易服务组）有望在2015财年取得5000万令吉的净利。
截至2015年3月31日止首3季度，MyEG服务的净利为4520万令吉，营业额为9646万令吉，主要归功于外劳准证与保险网上更新服务营业额走高。
MyEG服务主要涉足发展及推介电子政府服务计划及提供其他相关服务，主要包括两大核心领域，即政府至人民（G2C）及政府/企业解决方案（GES）。
中央政府料今年可从电子政府网上服务方面，取得11亿令吉的营业额，而MyEG则从中获取5000万令吉的净利。
“身为我国电子政府且拥有大马多媒体超级走廊（MSC）地位的旗舰应用软件服务商，MyEG服务为国人提供一站式服务，包括陆路交通局、皇家警察、报穷局、吉隆坡市政局、国民登记局和移民厅等政府部门的线上服务。”
MyEG服务持有MY EG Integrated Network私人有限公司的40%股权，后者为一家特殊用途公司（SPV），专门负责电子政府事务。http://www.kwongwah.com.my/news/2015/06/20/91.html
g)
| This year share buyback started at RM 2.8 ?! Does this imply that 2.8 also undervalue? Then most of the shares were purchased < RM 2.5. Does this imply that < 2.5 is too undervalue?  h)本帖最后由 bukithot 于 2015-6-22 14:30 编辑 cc11057 esp recently got one project and it will contribute the profit for Apr to Jun financial report. So looking forward for its coming financial report at Aug. 发表于 2015-6-22 09:32 Master CC, I guess you are referring to FWPR right? I have little bit confused over total target market of myeg's FWPR. Both CIMB and Kenanga assumes myeg's foreign workers market to be2.5mil. However, in TheEdge news dated 19 Jan 2015 "MyEG defends 'monopoly' on foreign worker permit renewal", it mentioned that according to MD Wong, "MyEG’s added service will enable it to tap the two million foreign workers in the country. Excluding Sabah and Sarawak, which have their own set of immigration laws, Wong says there are 1.5 million foreign workers in Peninsular Malaysia that will help MyEG generate RM57 million in revenue per annum. " (Note: 1.5mil * RM 38 = RM 57 mil, in Jan15 the FWPR fee was still RM 38) So do you know whether myeg's FWPR also applicable for Sabah and Sarawak foreign workers? 1mil difference in number of foreign workers can diff the revenue by 1mil * RM 100 = RM 100mil! which is too big to ignore... RM 100 here includes commission for insurance.    |
i)你看到的只是一小部分而已，还有很多东西你还没看到。由于点评有限文字所以我就选则回复你好了。
先看看MyEG有什么服务，这个最简单直接的就是去MyEG那里开个户口，在网上就可以了。这点我在我的讲座会那里已经讲解了，所以你去那边开个户口看看就知道它的潜力了（还有多少个政府工程还没电子化）。
然后，再看看目前这个最新的MyMotor，也谢谢你分享这个资讯来让我们可以知道它这个MyMotor大概可以贡献多少钱于MyEG。这个只是表面而已，当你知道它有什么服务后，你会发觉到它已经是一条龙服务了（也可以称之为一站式服务）。这种服务的好处是可以为消费者省上很多时间加金钱，也就是你可以只依赖MyEG就可以达到你要的东西了。
看到关键点了吗？依赖，当人变成依赖的时候就可以慢慢的加钱。排除这个，目前可以看得出MyEG在2手车的行业里的卖点在那里了，便宜+方便。我相信这个是很多二手车业者的问题和要买二手车的人的问题。
为何我说便宜+方便？便宜是因为要买二手车的消费者不用给多钱给中间人（也就是二手车行业的业者），试想想原本要给多至少几千的钱变相为只给几百块的钱给中间人（这个是MyEG），那么这是不是变成很便宜了？
至于方便，别忘了MyEG有和RHBBANK合作，甚至有MyEG的信用卡，所以这个也变成可以直接跟RHBBANK贷款了。除此之外，MyEG还有卖保险，所以更新保险也可以直接一起和卖出的二手车一起卖。这个不方便吗？据我所知，现在的人都是为了方便，尤其是车险方面。还有一点值得注意的是MyEG也是有更新路税（Renew Roadtax）这个服务的哦。而且还是直接可以送到你家门口那种，试问下这种服务够不够力？
要踏足这个领域的路，MyEG一早就已经打好根基了。所以，MyEG踏足这个领域基本上已经是万事俱备而且还是站尽优势那种。你说它很难在这短短的一个月里给接下来的季报贡献，我不认为咯。。。目前这个月是马来人的重要日子，马来人的生意是很容易赚那种，再加上我所讲的优势。。。这个季度的盈利多过上一季（三月的）盈利的确定性实在是太高了。
当然还有很多，不过我就不打算再讲了。。。费事给他人讲我有意去散播消息推高股价。。
j)Hi Master CC, your comments are very valuable to me. Yes, I overlook a lot of things... Thanks for correcting. haha
Understanding MyMotor.my
Yes, MyMotor’s strong market positioning as one-stop-centre for seller and buyer can be very lucrative.
People start listing BRANDED used-cars?! 
I made a mistake earlier that I thought MyMotor.my only provides listing for USED cars. Should be more attentive when reading the announcement next time. 
Only when I revisited MyMotor.my website that I realized it has listing for NEW cars as well!
Yesterday I talked about used cars transaction is about 300k-400k per year.
Further, based on one online article dated 23 Sep 2013, popular used-car websites are:
How about new car market?
Below is Malaysia Automotive Association (MAA)’s forecast:
· The sales of new motor vehicles (or Total Industry Volume, TIV) is projected to increase every year.
· So I can assume new cars volume is about 700k per year.
Based on above figures, MyMotor.my serves new and used cars market which is about 1 mil units / year, or RM 40 bil (assuming average price of 40k). (excluding motorcycles).
Master CC valuable comments pointed out that myEG can also profit from other items like vehicle financing, road tax, insurance.
How lucrative is this market?
Based on some wild-guess assumptions, if MyMotor.my is doing well, it could bring in 50mil – 100mil revenue per year to
Car X Services Sdn Bhd*, or 40mil - 80mil to myEG (corrected on 25 June 2015). To put this into perspective, FY2014 revenue is about 110mil. Contribution from MyMotor.my could be very significant in next few years, provided MyMotor.my is well received by the market.
(*Car X Services is a 80% owned subsidiary of MYEG Capital, which in turn is the sub-subsidiary of the Company)
Personally I think this is a very good move by myEG to diversify and integrate its business and at the same time to be less reliant on government services.
Please share if you have more realistic assumptions.
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