Analyst Nigel Foo said growth would be primarily driven by the impending rollout of the customs service tax monitoring (CSTM) system, which MyEG is developing for the Government. Another major earnings kicker could come from ongoing testing of the road safety diagnostic system (RSDS) for express buses and commercial lorries. (File picture shows: Official launch of MyEG-RHB Credit Card. (l-r) RHB Bank managing director Datuk Khairussaleh Ramli, MyEG Services Bhd executive chairman Datuk Norraesah Hj Mohamad and group managing director TS Wong. on June 12 this year))
PETALING JAYA: MyEG Services Bhd’s share price soared 6.5% to RM3.43 on active trade after CIMB Research raised its target price to RM5.28 with bullish earnings outlook.
Analyst Nigel Foo said growth would be primarily driven by the impending rollout of the customs service tax monitoring (CSTM) system, which MyEG is developing for the Government.
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