Wednesday, September 4, 2013

MYEG - MOU with Celcom

It has signed a MOU with Axiata’s wholly owned subsidiary Celcom Axiata to jointly explore business opportunities electronic government services.

The company is looking to tie up with a regional telco company to pursue machine to machine opportunities.

The company is also working on another M2M project, namely the road safety diagnostics system which is still in its infancy.

Its potentially catalysed is the successful implementation of the custom service tax monitoring system network early 2014 and launch of new services.

Based on its existing services alone, the three year EPS compound annual growth rate for MYEG is a strong 32%. Its businesses is defensive and on a recurring basis.

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Please note that all data given are merely blogger's opinion. It is strongly recommended that you do your own analysis and research before investing.