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NewsMyEG is Celcom Mobile's direct channel partner
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MyEG is Celcom Mobile's direct channel partner
by Cals Sat 23 Jan 2016, 01:58
MyEG is Celcom Mobile's direct channel partner
By [size=13]Danial Idraki / theedgemarkets.com | January 22, 2016 : 6:31 PM MYTKUALA LUMPUR (Jan 22): My [size=16]E.G. Services Bhd (MyEG) ([You must be registered and logged in to see this image.] Valuation: 1.10, Fundamental: 2.30) has been appointed asCelcom Mobile Sdn Bhd's direct channel partner to promote, market and distribute its products and services to end users.
In a filing with Bursa Malaysia today, MyEG said with the appointment, the group will be able to leverage on Celcom’s network to complement its existing services and to roll out new services in the future.
“The appointment is expected to contribute positively to the future earnings and net assets of MyEG and its subsidiaries,” it added.
MyEG shares closed 5 sen or 2.43% higher at RM2.11 today, with 8.45 million shares traded, giving it a value of RM4.95 billion.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)
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