PREMIUM KLSE Updates: MYEG BUY AT 0.800 TARGET : 0.850 SL 0.750 (5 Sep 2022)

KLSE Updates:

MY E.G. Services MYEG said its profit attributable to owners rose to 88.6 million ringgit ($19.8 million) in the second quarter, from 80.7 million ringgit a year earlier.

Earnings per share went up to 0.0120 ringgit versus 0.0110 ringgit a year ago, according to a Monday bourse filing.

Revenue, however, was flat at 161.8 million ringgit, the Malaysian IT service management company said.

The board declared a dividend of 0.0025 ringgit for the period, unchanged from a year earlier.
Shares jumped nearly 8% recently. Seems to have good bullish movement for a shorter tenure.

BUY AT 0.800 TARGET : 0.850 SL 0.750

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