Some funds are believed to be just taking a risk-off mode to MyEG as the Government may review the company’s online monopoly.
PETALING JAYA: MyEG Services Bhd remains optimistic about its prospects, particularly its Philippines joint venture (JV) and e-bidding for new car number plates, say analysts.
According to CIMB Research, the positive or potentially positive developments for MyEG is that it holds the concession for e-bidding service for new car number plates, the current monitoring system meant for goods and services tax could be revived by the new government for sales and services tax, submission of a proposal to handle online registration for new foreign workers, as well as the Philippines JV which could tie up with a regional bank to provide micro loans.
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