KUALA LUMPUR (April 7): Maybank Investment Bank (Maybank IB) said on Thursday that MY EG Services Bhd (MYEG) risk-reward appears attractive as it sees its immigration and healthcare segments stand to benefit from the reopening of international borders, and the market may have underestimated the potential earnings growth from its decentralised finance (DeFi) segment, which is gaining traction.
The research house's analyst Shafiq Kadir said that Malaysia's international border reopening from April 1 should benefit MYEG's immigration and healthcare segments.
According to him, Human Resource Minister had received about 470,000 applications for foreign workers as at April 1, 2022, representing more than 40% increase over 2021's registered foreign workers of 1.1 million.
Additionally, travellers (ex-Singapore) are required to undergo Covid-19 testing within 24 hours of arrival, through either MYEG's breathalyser or professionally administered RTK-Ag test.
MYEG charges RM70/RM100 per Malaysian/foreigner for its breath test; its rapid and accurate detection could be the ideal option.
Amid confusion, MAHB says international travellers' Covid-19 RTK-AG tests can be done at any private clinics, hospitals of their choice within 24 hours upon arrival in Malaysia
"There are four different private health facility operators providing the services at four different airports: BP Clinical Lab Sdn Bhd for KL International Airport, Edgenta UEMS Sdn Bhd for Penang International Airport, MYEG Services Sdn Bhd for Kota Kinabalu International Airport, and Gribbles Pathology (M) Sdn Bhd for Kuching International Airport," MAHB said.
KUMPULAN WANG PERSARAAN (DIPERBADANKAN) (a substantial shareholder) disposed 3,791,748 shares on 07-Apr-2022. You will never manage to follow EPF way as they got plenty to keep buy, keep average down.....
nothing to wow about it, if wan to mention, I think mygg own sbb is more worth mentioning. last time cancelled the treasury with ongoing pp is an action to prevent dilution of shareholders.
Don't have English version, its content is roughly like this:
SPM ended at the end of March, and the driving schools have been very busy since then. Students may need to spend 4 to 5 months in order to obtain the P License.
Ok U1818, understood. It is good to hear the driving schools have been very busy because MYEG is handling the Automated Training and Driving Test System for the entire JPJ. The e-Testing system will assess the competencies of driving test candidates. This could add good revenue to MYEG as Covid-19 and MCO has been around the past two years, that is why a pent up demand of driving schools is busy and even they need to wait their que for 4 to 5 months to get the license. Good news for MYEG.
on 13 April EPF announced as new substantial shareholder again on the next day, 14 April EPF bought another 1 million shares of MYEG again on the next day, 15 April EPF bought another 3 million shares of MYEG again on 18 April EPF bought another 3 million shares of MYEG
Latest MYEG shareholder: Asia Internet Holdings 19.66% EPF 5.86% KWAP 5.10% CIMB 1.79%
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
faridfet
515 posts
Posted by faridfet > 2022-04-06 20:06 | Report Abuse
Correct rezzare. Extension from the previous announcement October 2021.
The extension of time will be 6 months from 26 April 2022 to 25 October 2022 for the Company to complete the implementation of the Proposed Placement.