Company Overview On MYEG




Currently stock is trading just above its pivot region. Can expect a little downside correction to the 1.40 level due to some profit booking scenario, After which an bounce back can be expected. So going forward can be a good stock to have if sustains above its pivot region , as can expect it to test its immediate resistance in near term.

MYEGMyeg 1


In spite of some changes in country’s taxation policy regulations and recovery of debt to its associate company, MYEG provided satisfactory results in the FY2018. On exclusion of this one-off factor, company would have recorded profit of RM277.77 million in FY2018. Company’s last quarterly result have also improved; still Profit after tax has remained at slow pace with the potential to increase going ahead. Technical indicators are currently signaling a consolidation with a uptrend nearby; So keeping a mid to Long term view in prospect, stock have the potential to grow in near future.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s