My EG Services (MYEG MK)
Connecting The Dots
MYEG’s prospects have been rejuvenated with the earlier extension of its e-government concessions, which allays previous scepticism on business continuity.
Plenty of catalysts are also emerging, such as the potential reinstatement of GST, roll-out of
JPJ’s E-testing, and NIISe re-tender.
Meanwhile, the upcoming commercialisation of the Zetrix blockchain will unfold unchartered earnings potential.
We retain our view that risk-reward is appealing on depressed valuations.
Maintain BUY. Target price: RM1.18.
Source: UOBKH
https://research.uobkayhian.com/content ... 183863f2be