Latest news with #ZetrixAI
BusinessToday
14 hours ago
- Business
- BusinessToday
Zetrix AI Emerging As Key Driver In Nation's Blockchain Push
Zetrix AI is poised for significant revenue growth driven by its involvement in Malaysia's government-mandated national blockchain platform, as highlighted by Maybank Research. While the research firm has maintained its earnings forecasts for FY25-27E, it has adjusted Zetrix AI's target price lower to MYR1.45 (from MYR2.00), pegged to 15x FY26E Price-to-Earnings Ratio (PER) to better reflect the company's evolving business model as a national blockchain developer. The Malaysia Blockchain Infrastructure (MBI), launched on June 28, 2025, is a key driver for Zetrix AI's growth. Jointly developed by Zetrix AI and MIMOS, MBI is designed to support both public and private sector applications. Built on Zetrix AI's proprietary Layer-1 blockchain, it aims to serve as a 'national backbone' for critical functions such as verifiable credentials (VC), supply-chain traceability, and asset tokenization. Among its applications, MyDigital ID (for digital identity verification) and MyGov (for digital decentralization/notarization of government records) are already live on the platform, with MyDigital ID alone boasting 2.5 million active users. MyDigital ID is already generating revenue for Zetrix AI. The company earns MYR0.40 per transaction from service providers who utilize MyDigital ID for credential authentication. These service providers span various sectors, including government agencies (such as the Immigration Department), social media companies, government-linked companies (GLCs), and even startups like Masverse, iTrace, and Cokeeps. Maybank Research estimates that Zetrix AI accrued approximately MYR5 million in revenue from VC authentication in the second quarter of 2025, a figure projected to double in the third quarter. For the full fiscal year 2025, VC-related revenue is forecast to reach MYR40 million, already imputed in the research firm's earnings estimates. Revenue accretion is expected to snowball further with the anticipated launch of My Superapp later this month. This new application will enable Malaysia's estimated 40 million annual foreign visitors to digitize their passports and driving licenses for use within the country. Zetrix AI plans to charge MYR100 per application. Despite being an optional service, the revenue potential is substantial, even if only a fraction of foreign visitors subscribe for the added convenience. Maybank Research highlights that this strategic shift from an exclusive government-to-government (G2G) service provider to a broader national blockchain developer underpins Zetrix AI's long-term growth trajectory, despite the recalibrated valuation. Related
New Straits Times
3 days ago
- Business
- New Straits Times
Zetrix AI set for revenue boost from MyDigital ID
KUALA LUMPUR: Zetrix AI Bhd, formerly MyEG Services Bhd, is poised for robust revenue growth due to its expanding suite of verifiable credential (VC) applications under Malaysia's national blockchain initiative. Maybank Investment Bank Bhd (MaybankIB) said MyDigital ID is already generating revenue for Zetrix AI, with 40 sen per transaction attributable to the company from service providers that use MyDigital ID to authenticate credentials. The firm said these service providers include government agencies such as the Immigration Department, social media companies, government-linked companies, and even start-ups like Masverse, iTrace, and Cokeeps. "We estimate that Zetrix AI accrued about RM5 million in revenue from VC authentication in the second quarter (Q2) 2025 – a figure we expect to double in Q3 2025. "For FY25, we forecast VC-related revenue to top RM40 million (imputed in our earnings)," it said. Meanwhile, MaybankIB expects revenue to increase further once the My Superapp goes live later this month. It said the app will allow Malaysia's about 40 million annual foreign visitors to digitise their passports and driving licences for use in the country. "Zetrix AI plans to charge RM100 per application, and despite being optional, revenue potential could be substantial even if a fraction of foreign visitors subscribes for the convenience," it said. Overall, MaybankIB has maintained its financial year 2025 (FY25) to FY27 earnings forecasts. "We maintained "Buy" on the stocks with a lower target price of RM1.45 from RM2.00 previously. "Our current valuation peg is also better reflective of Zetrix AI's move away from its business model as an exclusive government-to-government service provider to that of a national blockchain developer," it added.
Malay Mail
6 days ago
- Business
- Malay Mail
MyEG to be known as Zetrix AI starting July 3
KUALA LUMPUR, June 30 — MyEG Services Bhd (MyEG) today announced its name change to Zetrix AI Bhd effective 9am, July 3 (Thursday). In a filing with Bursa Malaysia, the company said its stock short names would be changed from MYEG to ZETRIX 'The stock number remains unchanged,' it added. MyEG is a concessionaire for the Malaysia Electronic-Government MSC Flagship Application, builds, operates and owns the electronic channel to deliver services from various government agencies to Malaysian citizens and businesses. — Bernama
Yahoo
25-06-2025
- Business
- Yahoo
Do Zetrix AI Berhad's (KLSE:MYEG) Earnings Warrant Your Attention?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to investors, even if it currently lacks a track record of revenue and profit. Unfortunately, these high risk investments often have little probability of ever paying off, and many investors pay a price to learn their lesson. A loss-making company is yet to prove itself with profit, and eventually the inflow of external capital may dry up. If this kind of company isn't your style, you like companies that generate revenue, and even earn profits, then you may well be interested in Zetrix AI Berhad (KLSE:MYEG). While profit isn't the sole metric that should be considered when investing, it's worth recognising businesses that can consistently produce it. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. If you believe that markets are even vaguely efficient, then over the long term you'd expect a company's share price to follow its earnings per share (EPS) outcomes. So it makes sense that experienced investors pay close attention to company EPS when undertaking investment research. Shareholders will be happy to know that Zetrix AI Berhad's EPS has grown 29% each year, compound, over three years. If growth like this continues on into the future, then shareholders will have plenty to smile about. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. Zetrix AI Berhad shareholders can take confidence from the fact that EBIT margins are up from 71% to 73%, and revenue is growing. That's great to see, on both counts. In the chart below, you can see how the company has grown earnings and revenue, over time. Click on the chart to see the exact numbers. Check out our latest analysis for Zetrix AI Berhad Fortunately, we've got access to analyst forecasts of Zetrix AI Berhad's future profits. You can do your own forecasts without looking, or you can take a peek at what the professionals are predicting. It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests. Zetrix AI Berhad followers will find comfort in knowing that insiders have a significant amount of capital that aligns their best interests with the wider shareholder group. Indeed, they have a considerable amount of wealth invested in it, currently valued at RM1.0b. Coming in at 14% of the business, that holding gives insiders a lot of influence, and plenty of reason to generate value for shareholders. Looking very optimistic for investors. While it's always good to see some strong conviction in the company from insiders through heavy investment, it's also important for shareholders to ask if management compensation policies are reasonable. A brief analysis of the CEO compensation suggests they are. The median total compensation for CEOs of companies similar in size to Zetrix AI Berhad, with market caps between RM4.2b and RM14b, is around RM3.0m. The Zetrix AI Berhad CEO received total compensation of only RM206k in the year to December 2024. You could consider this pay as somewhat symbolic, which suggests the CEO does not need a lot of compensation to stay motivated. CEO remuneration levels are not the most important metric for investors, but when the pay is modest, that does support enhanced alignment between the CEO and the ordinary shareholders. It can also be a sign of a culture of integrity, in a broader sense. If you believe that share price follows earnings per share you should definitely be delving further into Zetrix AI Berhad's strong EPS growth. If you need more convincing beyond that EPS growth rate, don't forget about the reasonable remuneration and the high insider ownership. This may only be a fast rundown, but the key takeaway is that Zetrix AI Berhad is worth keeping an eye on. You still need to take note of risks, for example - Zetrix AI Berhad has 2 warning signs (and 1 which is potentially serious) we think you should know about. While opting for stocks without growing earnings and absent insider buying can yield results, for investors valuing these key metrics, here is a carefully selected list of companies in MY with promising growth potential and insider confidence. Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — 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. Sign in to access your portfolio
