UOB Kay Hian Research Articles

My E.G. Service: The Stars Align

UOBKayHian
Publish date: Wed, 02 Aug 2017, 10:12 AM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.

All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my

UOB Kay Hian Securities (M) Sdn Bhd (194990-K)

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(MYEG MK/HOLD/RM2.15/Target: RM2.29)

A range of new government legislations have significantly lowered the execution risks of MYEG’s various new ventures and further underpin our 31.5% earnings CAGR in FY16-19. These legislations include: a) retailers to install the GST EMS devices, b) employers to provide basic minimum standard housing for foreign workers by 2018, and c) illegal foreign workers to take up insurance services upon their legalisation. Maintain HOLD. Target price: RM2.29. Entry price: RM2.06.

Source: UOB Kay Hian Research - 2 Aug 2017

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