KUALA LUMPUR (Sept 14): Maybank Investment Bank Research (Maybank IB) has maintained its 'buy' rating of MyEG Services Bhd at 80 sen, with an unchanged target price of RM1.16, and opined that MyEG does not appear to have contravened government standard operating procedures (SOPs) in the course of its business dealings, and advised investors to accumulate its shares on weakness. On Wednesday, MyEG denied illegally collecting fees for its foreign worker permit renewal services. In a bourse filing, the e-services provider clarified that there was and had been no misrepresentation by MyEG in the services available on its online platform, and that all services continue to be provided in accordance to the terms and conditions stipulated by the government of Malaysia.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-09-14-story-h-240015113-Formalisation_of_MyEG_s_concession_extension_expected_soon_says_Maybank

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