Re: MyEG / Wong Thean Soon
Posted: Wed Jan 09, 2019 9:54 am
not vested
MY E.G. Services
Overseas operations could surprise on the upside
MyEG’s Bangladesh associate is expected to implement the VAT monitoring system in the country in 2019F, which was a positive surprise to us.
Its Philippine associate is expected to launch online car road tax and insurance renewal services from Feb 19 onwards, another positive surprise.
Raise FY20-21F EPS by 4.4-7.0% and TP from RM1.86 to RM1.96. The stock remains an Add and is attractive at 10.4x FY20F P/E.
Source: CIMB
https://brokingrfs.cimb.com/w1toBkqi5pi ... gFFTg2.pdf
MY E.G. Services
Overseas operations could surprise on the upside
MyEG’s Bangladesh associate is expected to implement the VAT monitoring system in the country in 2019F, which was a positive surprise to us.
Its Philippine associate is expected to launch online car road tax and insurance renewal services from Feb 19 onwards, another positive surprise.
Raise FY20-21F EPS by 4.4-7.0% and TP from RM1.86 to RM1.96. The stock remains an Add and is attractive at 10.4x FY20F P/E.
Source: CIMB
https://brokingrfs.cimb.com/w1toBkqi5pi ... gFFTg2.pdf