💥MYEG’s 2Q earnings hit record high
💥MYEG’s 2Q earnings hit record high
•MY E.G. Services (MYEG), the most actively traded stock on Wednesday morning, reported record-high net profit and revenue for 2Q ended 30 June 2024. The impressive earnings were primarily fueled by its Zetrix blockchain platform. (The Edge, 21st Aug)
•Its quarterly net profit jumped 48% to RM165.42M from RM111.56M from a year ago while revenue increased by 31% to RM242.28M from RM184.88M.
•The shares of MYEG jumped 3.3% as of 11.30AM this morning while Macquarie focus call warrants over MYEG i.e. MYEG-C6Z and MYEG-C7D rose 11.1% and 9.5%, respectively.
Investors with a view that prices may continue to move higher and wish to gain leveraged exposure to MYEG at a fraction of its share price may consider Macquarie Warrants Malaysia's focus warrants below:
📌 MYEG-C6Z (call)
• Exercise price: RM0.890
• Effective gearing: 3.3x
• Sensitivity: 3 ticks (moves 1 tick for every 3 ticks movement in the underlying)
• Expiry: 24 Jan 2025
📌 MYEG-C7D (call)
• Exercise price: RM0.800
• Effective gearing: 2.6x
• Sensitivity: 3 ticks (moves 1 tick for every 3 ticks movement in the underlying)
• Expiry: 14 Feb 2025
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Macquarie, a leading warrant issuer in Asia, provides state-of-the-art market making, education on warrants, and an array of tools for warrant traders. Macquarie Warrants Malaysia issues and market makes structured warrants listed on Bursa Malaysia. The content on this channel has not been reviewed by the Securities Commission Malaysia | Contact: 03-20598840 | Disclaimer : bit.ly/MQdisclaimer
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