Hightlight:
1. GST Implementation will be delayed. Expected to deploy at year2012.
2. Blacklisted summons are uplifted until 28 February, 2011. MyEG is a portal(besides Rileks) for traffic offenders to pay summons online.
3. New services such as Maid working permit renewal expected to boost its revenue in coming quarter report.
4. Goldman Sachs still acquire MYEG share in price range 0.75-0.81.
Strategy to invest:
1. For short term investor, hold until coming quarter report released around 30/11/2010. Analysis the EPS and PE ratio. May sell is the revenue drops compare to last quarter.
2. This share is still remain to hold for long term investor. If the coming quarter outlook is not reach expectation, still can remain holding. Revenue expected to boost in 1 year time.
Reference:
The edge Malaysia -- Goldman Sachs buys more MyEG shares
OO Invest -- Overview of MYEG
MalaysianInsider news
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