BIMB Securities Research has maintained its “buy” call on MyEG and a RM3 target price, pegged at 30 times price-earnings ratio on its 2021 earnings per share of 10 sen.
KUALA LUMPUR: MyEG Services Bhd should see stronger earnings in 2021 due to an increase in digital adoption rate.
This will benefit its e-government and commercial-based businesses, new revenue stream from Covid-19 health-related services and the opening of international borders, which will positively contribute to foreign worker business segment, according to BIMB Securities Research.
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