Budget 2019: Listed companies — the winners and the losers
The winners
MyEG Services Bhd and Datasonic Group Bhd are also likely to be favoured by investors under the targeted fuel subsidy proposal as these companies could be involved in the management of the mechanism.

In 2014, Datasonic entered into an agreement to acquire a 30% stake in Fuelsubs House Sdn Bhd, then deemed the front runner for a targeted fuel subsidy scheme management job worth RM10 million. At the time, it was reported that Tan Sri Syed Mokhtar Albukhary’s Pos Malaysia Bhd could form a joint venture with Datasonic and Fuelsubs for the project. However, the deals did not materialise.

Rakuten Trade Sdn Bhd head of research Kenny Yee, however, thinks MyEG has a better chance of getting the job, given its better and wider database. “Nonetheless, it’s still too early to tell now because we don’t know how the government will implement the project,” he says.

Source:
http://www.theedgemarkets.com/article/budget-2019-listed-companies-%E2%80%94-winners-and-losers

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