南洋行家论股

MyEG 负面消息已反映

Tan KW
Publish date: Mon, 04 Jun 2018, 03:27 PM
Tan KW
0 485,277
南洋行家论股

目标价:1.22令吉最新进展

MyEG(MYEG,0138 ,主板贸服股)截至3月底第三季净利增8.6%至5855万令吉;营业额涨12.4%,报1亿1153万令吉。 

累计首9个月,净利扬20%至1亿7037万9000令吉;营业额扩大19.6%,报3亿1879万5000令吉。 

业绩增长归功于线上更新外劳准证、外劳重新聘用计划服务和外劳保险交易量走高。外劳工作配对和职业介绍计划,及汽车贸易相关服务也捎来贡献。 

行家建议

MyEG没有从消费税监管工程获得任何盈利,因此,首9个月净利低于市场和我们的预测。

随着消费税降到0%,相信消费税监管工程会被取消,因此,2018到2020财年的每股净利预测,我们下修18.7%到42.6%。

不过,MyEG股价大选后暴跌71%,大部分负面消息都已反映,所以将投资评级从“减持”上调到“增持”。

而且MyEG的服务不昂贵,巴生谷更新路税每宗仅2.75令吉,外劳工作准证更新每名仅35令吉,加上拥有全国递送服务,所以相信别的竞争对手很难复制。

http://www.enanyang.my/news/20180602/myegbr-负面消息已反映/

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Be the first to like this. Showing 4 of 4 comments

steve_usa

More to come to nil those retail buyers....the best I give is 0.41-0.52 till end of March 2019.

2018-06-04 19:26

Ellen Ong

MyEG amassed many advantages to compete with any newcomers over the years.

If MYEG could get SST and new rehiring job, this counter will fly.

If current gov terminate all their contracts, this stock will plunge. But bear in mind, e gov is not their sole source of income. At this price, how much lower it could go?

2018-06-04 21:14

KLCI King

monopoly in e gov is the main reason the Market valued MyEg 40times PE before the GE. What's MyEG left if without monopoly in e gov services?

Without monopoly position, MyEG will face cut throat competition from other service providers.

If without Grab, Uber will be the one who laugh everyday. With competition from Grab, Uber surrenderred itself in the competition.

2018-06-04 23:21

KLCI King

Anyway, Nanyang TA analysis is rubbish, it is proven from all their past analysis, rubbish belong to rubbish bin, not here.

2018-06-04 23:22

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