MyEG’s outlook dependent on immigration segment

The company's revenues could fall by the second half of 2025 following the completion and migration of the immigration system to National Integrated Immigration System, says Maybank IB Research.

PETALING JAYA: MyEG Services Bhd (MyEG) will face a revenue shortfall of 6% to 7% by financial year 2025 (FY25) and 8% to 10% by FY26 if it is no longer involved in the nation’s immigration system by 2025.

Its revenues could fall by the second half of 2025 following the completion and migration of the immigration system to National Integrated Immigration System (NIISe).