Latest news with #MyEGServices
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New Straits Times
13-05-2025
- Business
- New Straits Times
MARKET PULSE PM MAY 13, 2025 [WATCH]
KUALA LUMPUR: News on stock, crypto and ringgit moves. Bursa Malaysia's 30-stock index closed higher today led by industrial counters following renewed optimism surrounding international trade negotiations. The key index added slightly more than two per cent to 1,582. Active stocks at the closing bell included MyEG Services, Inari Amertron and CIMB Group. The ringgit weakened against the dollar at 4.3170. In the cryptocurrency market, Bitcoin dropped to RM443,721. Ethereum traded flat at RM10,649 and Solana stood at RM744. That wraps up today's Market Pulse.
Yahoo
08-05-2025
- Business
- Yahoo
My E.G. Services Berhad's (KLSE:MYEG) top owners are retail investors with 42% stake, while 31% is held by institutions
Key Insights My E.G. Services Berhad's significant retail investors ownership suggests that the key decisions are influenced by shareholders from the larger public A total of 10 investors have a majority stake in the company with 51% ownership Insiders own 14% of My E.G. Services Berhad Our free stock report includes 3 warning signs investors should be aware of before investing in My E.G. Services Berhad. Read for free now. If you want to know who really controls My E.G. Services Berhad (KLSE:MYEG), then you'll have to look at the makeup of its share registry. With 42% stake, retail investors possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk). Institutions, on the other hand, account for 31% of the company's stockholders. Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. In the chart below, we zoom in on the different ownership groups of My E.G. Services Berhad. View our latest analysis for My E.G. Services Berhad KLSE:MYEG Ownership Breakdown May 8th 2025 What Does The Institutional Ownership Tell Us About My E.G. Services Berhad? Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that My E.G. Services Berhad does have institutional investors; and they hold a good portion of the company's stock. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of My E.G. Services Berhad, (below). Of course, keep in mind that there are other factors to consider, too. KLSE:MYEG Earnings and Revenue Growth May 8th 2025 Hedge funds don't have many shares in My E.G. Services Berhad. Asia Internet Holding Sdn. Bhd is currently the largest shareholder, with 14% of shares outstanding. In comparison, the second and third largest shareholders hold about 13% and 5.4% of the stock. Thean Wong, who is the second-largest shareholder, also happens to hold the title of Chief Executive Officer. We did some more digging and found that 10 of the top shareholders account for roughly 51% of the register, implying that along with larger shareholders, there are a few smaller shareholders, thereby balancing out each others interests somewhat. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
