KUALA LUMPUR (Oct 9): The Ministry of Health's (MoH) Covid-19 test screening will provide multiple monetisation opportunities to My EG Services Bhd (MyEG), according to CGS-CIMB Research.
In a note today, the research house's analyst Mohd Shanaz Noor Azam said there will be three monetisation opportunities from the project, namely Covid-19 test screening fee (which ranges from RM30 to RM150 for Malaysian nationals and RM60-250 for foreigners, depending on the type of Covid-19 detection test), service fee for mandatory quarantine at a private facility, and a "meet and greet" service to assist travellers throughout the processes.
“We understand that the Covid-19 test screening will be done twice, once on arrival and again on the 14th day after arrival,” he added.
MyEG announced yesterday it had received a letter of acceptance from the MoH to undertake the provision of an online payment system for inbound travellers to pay for Covid-19 test screening and quarantine charges, prior to their arrival in the country.
While no fixed value for the project has been given by management, CGS-CIMB sees room for higher Covid-19 test screening demand with the potential recovery in tourist arrivals beyond 2020.
“The latest passenger traffic data published by Malaysia Airports Holdings Bhd indicated a total of 85,000 international travellers in August 2020. Assuming a 50-50 mix between arriving and departing passengers, we estimate an average of 1,300 international arrivals daily,” said Mohd Shanaz.
CGS-CIMB also projected a recovery in international passenger traffic from 10 million in 2020, to 18.6 million in 2021 and 39.9 million in 2022.
CGS-CIMB reiterates its "add" call on MyEG, with an unchanged target price of RM1.96.
MyEG shares rose 3 sen or 2.24% to RM1.37 at 10.13am.
Because there is nothing interesting to talk about Dsonic. Their management is subpar and leaves a lot to be desired. You can try creating fake news to stir up the price but the fundamentals will soon drive the price down again
So in my opinion, Dsonic is a shell company that is leeching off stronger competitors to drive up share price. In the end, only insiders win. They treat shareholders' money like toilet paper.
You compare 7-11 with MYEG better lar diu....which one has more shops??? How can you be sooo stupid to think MYEG and Datasonic is same business?? Just because of NIISe project??? You dont even know what is MYEG business but support like that, must be one of those stupid investors tat stuck at premium suit!!! Lol!
Diu... I thought I go into wrong forum. All talk about MYEG. Why need to compare which company had more shop? Stock price depends on more shop? KFC and McD sure win unfortunately.....
Very simple fact, if you go to other country and complaint them at their country, the local people sure not welcome you. You can compare, complaint or talk the same thing but see the suitable place or time. If a people not have that sense, either how success or how rich will never earn respect.
We can always compare biology and chemistry in canteen, in library or even in toilet, but not a biology student go to chemistry lab to talk the chemistry is useless, rubbish.....
Remember guys...Don't get influence by anyone here....
Some ppl like to promote their preference shares (eg.myeg) because they are trapping there. Few things which are fact.
In bad market, dsonic don't support their share price one, but myeg TS Wong will support with his own pocket money and share buy back.
In good market, you will notice, dsonic will go up faster.
The rest analyze yourself. is dsonic at its lowest? is myeg at its lowest?
We always follow the strategy : buy at lowest and sell at highest..................... I really hope there is chance for wallstreetrookie to sell his myeg. Definitely, the chance will come. But i still feel myeg is bit expensive right now.
In this two months, I bought myeg twice at 1.35 and sold at 1.44, bought at 1.42 and sell at 1.48. The peak is around 1.5, very hard to break, super big resistance.
But dsonic, where is the resistance....study the chart yourself, the resistance is far away from current stock price.....
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....
Opulent
169 posts
Posted by Opulent > 2020-10-09 12:05 | Report Abuse
Then this pg shd hv both names