MyEG’s China tie-up seen to boost earnings

MIDF Research has maintained its “buy” call on MyEG and has rolled forward its valuation base year to FY22, with a revised target price of RM1.22 from RM1.08 before.

PETALING JAYA: My EG Services Bhd’s (MyEG) latest collaboration with the Institute of Industrial Internet and Internet of Things of the China Academy of Information and Communications Technology (CAICT) could be earnings-accretive as early as this year.

This will depend on when or how soon a commercialisation agreement could be formalised, said MIDF Research.