Selling may be over for MyEG, George Kent


A MyEg service counter. - Filepic
KUALA LUMPUR: Shares of MyEG Services and George Kent, which had been battered over the past four trading days, managed to stage a mild rebound early Friday as investors viewed the selling as overdone.

AT 9.01am, government service provider MyEG was up 5.5 sen to 96 sen with 6.33 million shares done. Its call warrants C36 was flat at 1.5 sen.

George Kent gained nine sen to RM1.60 with 951,300 shares done. George Kent and MRCB are the project delivery partner for the Light Rail Transit from Bandar Utama to Klang.

The FBM KLCI rose 5.09 points or 0.27% to 1,859.53.

StarBiz reported MyEG managing director and single largest shareholder Wong Thean Soon saying that he does not see any reason for the new Pakatan Harapan government not to continue using MyEG as the service provider for e-government services.

Presently, MyEG’s various projects are grouped under the e-government concession which was awarded in the year 2000.

“MyEG, as a service provider to the government, has to work for the government of the day,” he said.
 

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Nvidia scandal's Malaysian link
Zetrix AI confirms RM25mil sukuk default, pledges quick settlement
Newsweek recognises Sunway Medical Centre Penang among world's best hospitals, clinics for medical tourism 2027
Anthropic IPO to raise as much as US$64.4bil, latest draft prospectus shows
Matrade eyes new export markets in Africa, Latin America, central Asia
PMW International inks second supplemental contract with TNB valued at RM64.37mil
Public portion of Big Caring IPO 4.31 times oversubscribed
Citaglobal inks partnership to expand into blue carbon sector
Ringgit ends higher against US$ amid hopes of de-escalation in US-Iran conflict
Sunway REIT's net property income rises to RM128.3mil in 3Q

Air Pollutant Index

Note: API is calculated based on 24hr running average of the most dominant parameter.

Highest API Readings

    Select State and Location to view the latest API reading

    Others Also Read