Bursa Malaysia Market Update: This Stock Up 159% In 2 Months

Bursa Malaysia Market Update

Stock Doubles Investors Wealth in 2 Months

This Stock was in Rocket mode from last two month after hitting a low of .655 in July MYEG BERHAD MALAYSIA Dealing In Information Technology Sector. After hitting a Low of .655 in July, MYEG stock on Friday 7th September 2018 was at 1.70 High up 159% In Just 2 months.

If Someone invested RM 10K 2months would have generated a gain of 16K in 2 Months

Here are The Few Fundamental Reasons Which Drove MYEG Up:

MYEG has Presented a proposal for another module related to remote workers and shows this could be a noteworthy income generator for the organization if it’s offered is effective, the note included.

Additionally called attention to that the organization’s past GST Monitoring (GSTM) framework could even now be utilized to track the accumulation of offers and administration impose (SST) progressively.

The research analyst at MULTI MANAGEMENT AND FUTURE SOLUTIONS anticipates that the new government will settle on regardless of whether to utilize the framework given by MYEG in next couple of months.

Joint Ventures business in the Philippines, as per the sources they told operation achieved the break-even point this Financial year and expectations another revenue source over the years for MYEG

(From left) Kris Uttraphan, Chief Executive Officer and Founder of Stampede, and Managing Director of MYEG, Wong Thean Soon

MYEG set up its 40%-owned Philippine JV, I-Pay Commerce Ventures (IPCV), in March 2017 to provide e-government services. This JV provides e-government services for the police, Labour Department and some cities in the Philippines.

In under two years, the Philippines JV is taking care of around 20,000 exchanges day by day. The research house also expects the joint-venture in the Philippines to expand its territory by launching e-government services in Bangladesh by year-end.

CIMB IB raised MYEG earnings per share (EPS) for the financial year 2018 (FY18) forward, to reflect the 15-month financial year since MYEG had changed its financial year from June to September.

As per the financial Data of MYEG, 12 Months profit of MYEG was in line with expectations of analyst. Multi Management Future Solutions Forecast It at 1.92 in the Short-term.

Get 10 Stocks Picks Which can get 30-40% ROI in Short Duration

 

Leave a Reply

Your email address will not be published. Required fields are marked *