Latest news with #MYEG
Korea Herald
26-05-2025
- Business
- Korea Herald
MYEG and SGTraDex Forge Strategic Partnership to Enhance Malaysia-Singapore Digital Trade Connectivity
KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- MY E.G. Services Berhad ("MYEG"), Malaysia's leading e-government and digital services provider, today signed a Memorandum of Understanding ("MoU") with Singapore Trade Data Exchange Services Pte. Ltd. ("SGTraDex"), Singapore's digital infrastructure for trade data exchange. The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore, setting a new standard for digital trade connectivity in the ASEAN region. Signed at the ASEAN-GCC-China CEO Roundtable hosted by the ASEAN Business Advisory Council ("ASEAN-BAC"), the MoU underscores the deepening partnership between Malaysia and Singapore in advancing digital economic cooperation. This collaboration reflects a shared vision to develop interoperable, cross-border digital solutions and serves as a foundation toward broader regional integration across ASEAN. Under the terms of the agreement, MYEG's Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. "This partnership signals a new era for trade digitalisation in ASEAN," said Dato' Fadzli Shah, Co-Founder of Zetrix. "By aligning Malaysia's and Singapore's trusted digital infrastructure, we're creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust, and accelerates growth." "Our collaboration with MYEG reflects SGTraDex's commitment to fostering open and trusted digital trade. By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region," said Mr. Tan Chin Hwee, Chairman of SGTraDex. The collaboration supports the ASEAN Digital Economy Framework Agreement ("DEFA"), and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents, and regulatory credentials across borders. With blockchain technologies such as MYEG's Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured, fostering greater transparency and security in cross-border transactions. SGTraDex is a public-private digital utility founded by Singapore's Infocomm Media Development Authority ("IMDA") alongside a banking, trade and logistics industry consortium including Advario, DBS, Jurong Port, OCBC, ONE, PIL, PSA, Standard Chartered, Trafigura, and UOB. The initiative plays a critical role in digitising logistics and trade finance by interconnecting data silos across the supply chain. Through this partnership, both parties will explore new B2B and B2B2G flows, and co-develop services tailored for cross-border use cases. The MoU outlines areas of collaboration including: The partnership is expected to serve as a launchpad for wider regional integration, including with China and the Gulf Cooperation Council ("GCC") countries. By leveraging Malaysia's and Singapore's leadership in digital infrastructure and policy, the partnership is poised to reinforce the broader vision of ASEAN as a digitally interconnected economic bloc; strengthening the region's digital infrastructure by facilitating secure, inclusive, and efficient trade. About MY E.G. Services Berhad ("MYEG") MYEG is Malaysia's premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive and financial services, among others. Committed to staying firmly at the forefront of the global digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG's presence spans other key regional markets such as mainland China, Philippines and Hong Kong SAR. About SGTraDex Launched on 1 June 2022, the Singapore Trade Data Exchange ("SGTraDex") is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner. SGTraDex is a public-private partnership founded by IMDA, PSA, Trafigura, DBS, Jurong Port, OCBC, ONE, Advario, PIL, Standard Chartered and UOB. Their proprietary technology aims to resolve pain points in supply chain ecosystems including a heavy reliance on a paper-based system which lacks efficiency, transparency, and sustainability. The move to digitalise information will increase productivity and build supply chain resilience. New efficiencies and opportunities will be unlocked when ecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply chain.
Yahoo
26-05-2025
- Business
- Yahoo
MYEG and SGTraDex Forge Strategic Partnership to Enhance Malaysia-Singapore Digital Trade Connectivity
KUALA LUMPUR, Malaysia, May 26, 2025 /PRNewswire/ -- MY E.G. Services Berhad ("MYEG"), Malaysia's leading e-government and digital services provider, today signed a Memorandum of Understanding ("MoU") with Singapore Trade Data Exchange Services Pte. Ltd. ("SGTraDex"), Singapore's digital infrastructure for trade data exchange. The strategic partnership seeks to enable both parties to collaboratively facilitate seamless, digital cross-border trade between Malaysia and Singapore, setting a new standard for digital trade connectivity in the ASEAN region. Signed at the ASEAN-GCC-China CEO Roundtable hosted by the ASEAN Business Advisory Council ("ASEAN-BAC"), the MoU underscores the deepening partnership between Malaysia and Singapore in advancing digital economic cooperation. This collaboration reflects a shared vision to develop interoperable, cross-border digital solutions and serves as a foundation toward broader regional integration across ASEAN. Under the terms of the agreement, MYEG's Zetrix and SGTraDex will explore the technical integration of their respective platforms to enable a secure and interoperable channel for the exchange of trade-related data. The collaboration aims to catalyse the transition from paper-based to digital trade flows, including the use of verifiable electronic records, aligned with the region's push for trade facilitation and supply chain resilience. "This partnership signals a new era for trade digitalisation in ASEAN," said Dato' Fadzli Shah, Co-Founder of Zetrix. "By aligning Malaysia's and Singapore's trusted digital infrastructure, we're creating the building blocks for a digitally unified ASEAN, one that reduces friction, enhances trust, and accelerates growth." "Our collaboration with MYEG reflects SGTraDex's commitment to fostering open and trusted digital trade. By aligning efforts with close partners like Malaysia, we are taking steps toward greater interoperability and connectivity, which will contribute to more inclusive digital growth across the region," said Mr. Tan Chin Hwee, Chairman of SGTraDex. The collaboration supports the ASEAN Digital Economy Framework Agreement ("DEFA"), and complements broader efforts to enable mutual recognition of Digital ID, electronic trade documents, and regulatory credentials across borders. With blockchain technologies such as MYEG's Zetrix Layer-1 chain and frameworks like TradeTrust on SGTraDex, immutability and traceability of verified information exchanged between governments and enterprises is ensured, fostering greater transparency and security in cross-border transactions. SGTraDex is a public-private digital utility founded by Singapore's Infocomm Media Development Authority ("IMDA") alongside a banking, trade and logistics industry consortium including Advario, DBS, Jurong Port, OCBC, ONE, PIL, PSA, Standard Chartered, Trafigura, and UOB. The initiative plays a critical role in digitising logistics and trade finance by interconnecting data silos across the supply chain. Through this partnership, both parties will explore new B2B and B2B2G flows, and co-develop services tailored for cross-border use cases. The MoU outlines areas of collaboration including: Platform-to-platform connectivity between MYEG and SGTraDex Joint product development for trade document verification Technical integration using blockchain and interoperable data standards Regulatory knowledge exchange and sandbox coordination The partnership is expected to serve as a launchpad for wider regional integration, including with China and the Gulf Cooperation Council ("GCC") countries. By leveraging Malaysia's and Singapore's leadership in digital infrastructure and policy, the partnership is poised to reinforce the broader vision of ASEAN as a digitally interconnected economic bloc; strengthening the region's digital infrastructure by facilitating secure, inclusive, and efficient trade. About MY E.G. Services Berhad ("MYEG") MYEG is Malaysia's premier digital services company. Having commenced operations in 2000 as the flagship e-government services provider, MYEG continues to play a leading role in driving technological change in the region, bringing a diverse and complete range of innovations spanning the online delivery of major government services to a variety of commercial offerings in the areas of immigration, automotive and financial services, among others. Committed to staying firmly at the forefront of the global digital revolution, MYEG has embraced the potential of blockchain technology to enhance all aspects of life and is actively pioneering its adoption across the region through its Layer 1 platform Zetrix. Besides its home market, MYEG's presence spans other key regional markets such as mainland China, Philippines and Hong Kong SAR. About SGTraDex Launched on 1 June 2022, the Singapore Trade Data Exchange ("SGTraDex") is a digital utility that facilitates the sharing of data between supply chain ecosystem partners, streamlining information flows through a common data highway where data can be shared in a trusted, secure and inclusive manner. SGTraDex is a public-private partnership founded by IMDA, PSA, Trafigura, DBS, Jurong Port, OCBC, ONE, Advario, PIL, Standard Chartered and UOB. Their proprietary technology aims to resolve pain points in supply chain ecosystems including a heavy reliance on a paper-based system which lacks efficiency, transparency, and sustainability. The move to digitalise information will increase productivity and build supply chain resilience. New efficiencies and opportunities will be unlocked when ecosystem partners can collaborate to achieve a shared visibility of the end-to-end supply chain. For more information, visit View original content to download multimedia: SOURCE Singapore Trade Data Exchange Services Pte. Ltd.
BusinessToday
26-05-2025
- Business
- BusinessToday
Bursa Ends Higher As FBMKLCI Closes At 1,535.38, Led By Gains In Broad Market
Bursa Malaysia closed on a positive note today, with the benchmark FTSE Bursa Malaysia KLCI (FBMKLCI) advancing 8.36 points, or 0.55%, to finish at 1,535.38. The index traded between a high of 1,536.75 and a low of 1,531.76 throughout the day. Broader market sentiment was also upbeat. The FBM EMAS Index rose 54.39 points to 11,474.05, while the FBM 70 added 68.39 points to settle at 16,350.26. The FTSE4Good Bursa Malaysia Index (F4GBM) increased 4.88 points to 925.13. Meanwhile, the FBM Shariah Index climbed 43.20 points to close at 11,426.22. On the active stocks list, ECOSHOP [5337] was the most traded, soaring 7 sen to RM1.20 on a massive volume of 2.09 billion shares. MYEG [0138] also gained 2.5 sen to RM0.92, with 384.75 million shares traded. In contrast, BARAKAH [7251] slumped 2.5 sen to 0.5 sen, while YTL [4677] fell 11 sen to RM1.88. Market breadth remained positive as buying interest continued to support key indices, reflecting investor optimism despite regional uncertainties. Related
Yahoo
13-02-2025
- Business
- Yahoo
Is There An Opportunity With My E.G. Services Berhad's (KLSE:MYEG) 46% Undervaluation?
The projected fair value for My E.G. Services Berhad is RM1.92 based on 2 Stage Free Cash Flow to Equity Current share price of RM1.04 suggests My E.G. Services Berhad is potentially 46% undervalued Analyst price target for MYEG is RM1.43 which is 25% below our fair value estimate Today we'll do a simple run through of a valuation method used to estimate the attractiveness of My E.G. Services Berhad (KLSE:MYEG) as an investment opportunity by taking the expected future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple! Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. Check out our latest analysis for My E.G. Services Berhad We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To start off with, we need to estimate the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars: 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 Levered FCF (MYR, Millions) RM622.8m RM695.2m RM785.9m RM856.4m RM919.5m RM976.8m RM1.03b RM1.08b RM1.13b RM1.18b Growth Rate Estimate Source Analyst x2 Analyst x2 Analyst x1 Est @ 8.97% Est @ 7.36% Est @ 6.23% Est @ 5.44% Est @ 4.89% Est @ 4.50% Est @ 4.23% Present Value (MYR, Millions) Discounted @ 9.3% RM570 RM582 RM602 RM601 RM590 RM574 RM553 RM531 RM508 RM484 ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = RM5.6b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (3.6%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 9.3%. Terminal Value (TV)= FCF2034 × (1 + g) ÷ (r – g) = RM1.2b× (1 + 3.6%) ÷ (9.3%– 3.6%) = RM21b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= RM21b÷ ( 1 + 9.3%)10= RM8.8b The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is RM14b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of RM1.0, the company appears quite undervalued at a 46% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind. Now the most important inputs to a discounted cash flow are the discount rate, and of course, the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at My E.G. Services Berhad as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 9.3%, which is based on a levered beta of 0.958. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. Strength Earnings growth over the past year exceeded its 5-year average. Debt is not viewed as a risk. Weakness Earnings growth over the past year underperformed the Professional Services industry. Dividend is low compared to the top 25% of dividend payers in the Professional Services market. Opportunity Annual earnings are forecast to grow for the next 4 years. Good value based on P/E ratio and estimated fair value. Threat Paying a dividend but company has no free cash flows. Annual earnings are forecast to grow slower than the Malaysian market. Whilst important, the DCF calculation ideally won't be the sole piece of analysis you scrutinize for a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price sitting below the intrinsic value? For My E.G. Services Berhad, we've compiled three fundamental aspects you should explore: Risks: Be aware that My E.G. Services Berhad is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does MYEG's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the KLSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
