CIMB Research keeps forecasts, target price for MyEG


A MyEg service counter. - Filepic

KUALA LUMPUR: CIMB Equities Research is keeping its forecasts and target price of RM1.22 for MyEG Services Bhd, based on a technology sector 2019 target price-to-earnings (P/E) of 15 times.

It said a potential re-rating catalyst is MyEG winning a contract to monitor Malaysia’s upcoming Sales and Services Tax (SST).

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