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.
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