bullish

My E.G. Services

MyEG (MYEG): Why Not Own It?

Equity Bottom-Up
234 Views, 23 Jun 2022 11:44
Henry has highlighted this Insight as a Top Pick
EXECUTIVE SUMMARY
  • My E.G. Services (MYEG MK) 's share price is pummelled down from the reopening sentiment, although investors missed the point on this given the range of services MyEG offers. 
  • Plenty of the upsides from the new JV in the Philippines and Indonesia are yet to contribute to the full extent due to COVID-19.
  • Trades at 19x PER, a deep discount to its historical highs despite stable profitability and a healthy ROE at 23%.  
detail (4-minute read)
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Henry Soediarko
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CrossASEAN Research
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A Long & Short Investment Ideas generator for Asian Equities with 10 years experience in a Hedge fund focused on bottom-... 

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