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Stocks With Momentum: MYEG
by Cals Wed 04 Mar 2015, 21:38
Stocks With Momentum: MYEG
By theedgemarkets.com / theedgemarkets.com | March 4, 2015 : 10:59 AM MYT
[size=14]MY E.G. Services Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
MYEG (Fundamental: 3/3, Valuation: 1.5/3) was last picked by our momentum algorithm on Jan 20, 2015. The stock soared 5.3% yesterday, closing at a record high of RM2.77, following the release of its results on Feb 27, 2015.
MYEG offers a wide range of e-government services, with the latest being the online renewal of foreign workers’ permits. Its growth is being fueled by the addition of more services and growth in transactional volume.
The company’s revenue rose at a CAGR of 23.2% from RM47.7 million in FYJune2010, to RM109.9 million in FY2014. For 1HFY2015, revenue rose 31% to RM57.5 million, while net profit increased 32.3% to RM26.1 million, due to higher transaction volume from renewal of foreign workers’ permits and growth in existing services related to motor vehicles.
MYEG’s shares are trading at premium valuations of 13.9 times book and trailing 12-month P/E of 56 times. The company has net cash of RM30.6 million as end-1HFY15.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 4, 2015.
[/size]
By theedgemarkets.com / theedgemarkets.com | March 4, 2015 : 10:59 AM MYT
[size=14]MY E.G. Services Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) (+ve)
MYEG (Fundamental: 3/3, Valuation: 1.5/3) was last picked by our momentum algorithm on Jan 20, 2015. The stock soared 5.3% yesterday, closing at a record high of RM2.77, following the release of its results on Feb 27, 2015.
MYEG offers a wide range of e-government services, with the latest being the online renewal of foreign workers’ permits. Its growth is being fueled by the addition of more services and growth in transactional volume.
The company’s revenue rose at a CAGR of 23.2% from RM47.7 million in FYJune2010, to RM109.9 million in FY2014. For 1HFY2015, revenue rose 31% to RM57.5 million, while net profit increased 32.3% to RM26.1 million, due to higher transaction volume from renewal of foreign workers’ permits and growth in existing services related to motor vehicles.
MYEG’s shares are trading at premium valuations of 13.9 times book and trailing 12-month P/E of 56 times. The company has net cash of RM30.6 million as end-1HFY15.
[You must be registered and logged in to see this image.]
This article first appeared in The Edge Financial Daily, on March 4, 2015.
[/size]
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