Risk factor
Very vulnerable to price shocks
Profitability factor
Very strong margins and returns
About
My E.G. Services Berhad, an investment holding company founded in 2000 and headquartered in Petaling Jaya, Malaysia, is a key player in the development and implementation of electronic government services, extending its offerings both domestically and globally. The company provides a wide array of supplementary services, including software development and maintenance, acting as an intermediary for auto insurance, and delivering management and consultancy expertise. It also offers advertising and marketing solutions, along with specialized support services for foreign workers. Within its diverse operations, My E.G. manages an online classifieds portal for automobiles, complemented by various value-added features. Its financial activities encompass lending, leasing, hire purchase, and other credit-granting facilities. The company is also involved in information technology services, credit card terminal rentals, and the trade of computer hardware, software, peripherals, and electronic equipment. A significant part of its infrastructure includes an electronic payment and remittance platform, facilitating the issuance, transfer, clearance, and settlement of electronic money, alongside other related financial products. Beyond these, My E.G. constructs, owns, and operates online television channels, accommodation facilities, and digital platforms tailored for commercial services. This includes a dedicated digital platform for restaurant and food and beverage reviews and news, offering advertising and marketing opportunities, as well as enabling online purchases and redemptions. Furthermore, the company delivers human resource management and payroll solutions. Its automotive sector involvement includes motor vehicle inspection, repair, and breakdown assistance, trading in removable spare parts, and the sale of motor vehicles with ancillary services. My E.G. also markets various medical products and services, such as health screening and quarantine solutions.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is 'cheap' on P/E, undervalued on EV/EBITD.
Target Price
The average target price of 0138.KL is 1.6 and suggests 108% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to inc