KUALA LUMPUR: UOB Kay Hian Malaysia Research has downgraded MY E.G. Services to Hold as the share price rallied 47% in the past month and increase its target price to RM1.27 as it rolls forward its valuation to 2019. Entry price: RM1.14.
It said on Friday while MYEG remains relevant as an indispensable enabler of e-government services that cuts down red tape and corruption, it requires government resolution to commence various earnings-accretive catalysts.
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