MYEG (0138) - Myeg - The Game Changer (2) - YiStock
Yesterday, i wrote about Myeg and highlighted the future prospect of foreign worker business in Malaysia due to the 15% cap limit. I MUST reiterate: THE FUTURE IS GOOD BUT NOT GREAT TO ME, at least.
Here is the link: https://klse.i3investor.com/blogs/YiStock/116268.jsp
The boss know the business more than you and me. He diversified to other related field.
One particular prospect spark my interest, NOT ONLY IT IS A GAME CHANGER, ALSO THE TIMING JUST RIGHT!
NOW, before we proceed, i must do a commercial promotion. PLEASE WATCH TV 2, IT IS THE BEST!!!!
CLICK HERE: https://www.facebook.com/tv2mandarin/videos/vb.210352195684947/1271950729525083/?type=2&theater
HOW IS THIS GOING TO IMPACT MyEG? Here is another story line.
The project worth about RM 180 mil for 6 years. I'm not sure this is only for set up cost or development cost.
Then another annoucement was made to clarify some news reporting:
THIS ATTRACTED ME, 20% of the GST collection collected ON TOP OF THE BASE after the system being installed.
Subsequently, the last annoucement is about signing of the agreement on revised letter of award.
THE PROJECT HAS BEEN DELAYED until above news of TV2 appeared which means: IT IS A GO!
How much GST has been collected?
According to Astro Awani reported RM 54.8 billion on 19 Oct 16
http://english.astroawani.com/business-news/gst-revenue-customs-dept-collects-rm54-8-billion-so-far-2016-119884
NOW, LET ME DO ANOTHER COMMERCIAL PROMO:
PLS SUBCRIBE TO CIMB RESEARCH REPORT!!!
NOW, LET ME DO ANOTHER COMMERCIAL PROMO:
PLS SUBCRIBE TO KENANGA RESEARCH REPORT!!!
the GST electronic monitoring system covered more biz that you can imagined
RM 1000 per annum x 500,000 = RM 500,000,000 per year ???
Condition: GST collection must rises a certain percentage after the dongles is installed.
NOW, there are 2 different sum here:
RM 180 mil
RM 500 million per year
to be continue....
MYEG (0138) - Myeg - The Game Changer (2) - YiStock
http://klse.i3investor.com/blogs/YiStock/116387.jsp
