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KUALA LUMPUR: UOB Kay Hian Malaysia Research has downgraded MY E.G. Services to Hold as the share price rallied 47% in the past month and increase its target price to RM1.27 as it rolls forward its valuation to 2019. Entry price: RM1.14.
KUALA LUMPUR: UOB Kay Hian Malaysia Research believes that MyEG Services stands to be the sole beneficiary of e-bidding for the vehicle registration number plates which can be seamlessly integrated into the existing road transport department e-portal which it manages.