MyEG Liked For Its Digital Vision
MyEG Liked For Its Digital Vision
The analyst at the bank highlights the strategic significance of MYEG's ZTrade expansion, noting potential earnings contributions from enhanced COO verification services. With ZTrade's operational margins anticipated to exceed 95%, MYEG is poised to leverage its blockchain capabilities effectively in capturing a larger share of Malaysia-China trade volumes. Maybank's BUY recommendation reflects confidence in MYEG's ability to sustain growth and profitability amidst evolving market dynamics in digital trade facilitation.My EG Services (MYEG) has expanded its blockchain platform ZTrade's coverage to include verification services for China-issued Certificates of Origin (COOs), enhancing its monetisation avenues, according to a report by Maybank Investment Bank (Maybank) on July 17, Wednesday. The introduction of COO verification services positions MYEG favourably in capturing growth opportunities in Malaysia-China trade relations, enhancing its competitive edge in the blockchain segment. Maybank's TP of MYR1.68 reflects a positive outlook for MYEG amidst its innovative ventures and solid market position in Malaysia's digital economy.
My EG服務（MYEG）已將其blockchain平台ZTrade的覆蓋範圍擴展至包括中國簽發的原產地證書（COO）的驗證服務，從而增強了其貨幣化途徑，據馬來亞銀行投資銀行（馬來亞銀行）7月17日星期三的報告。COO驗證服務的引入使MYEG能夠更有利地捕捉馬來西亞與中國貿易關係的增長機會，在blockchain領域增強競爭優勢。馬來亞銀行對MYR1.68的目標價反映了馬來亞銀行對MYEG的積極展望，表明了MYEG在馬來西亞數字經濟中創新性舉措和穩固市場地位。
Maybank maintains its BUY rating for MYEG, reiterating confidence in the company's strategic initiatives and revenue potential from ZTrade's expanded capabilities. Maybank maintains its earnings forecasts for FY24-26E and a target price (TP) of MYR1.68, underpinned by MYEG's robust expansion in digital trade facilitation and strong position in Malaysia's software sector. My EG Services remains one of Maybank's top picks.
馬來亞銀行維持對MYEG的買入評級，重申對公司戰略舉措和ZTrade擴大能力的營收潛力的信心。馬來亞銀行維持對FY24-26E的盈利預測和MYR1.68的目標價（TP），這些預測得到了MYEG在數字貿易便利化和在馬來西亞軟件板塊的強勁地位所支撐。我的EG服務仍然是馬來亞銀行的首選之一。
The group announced the expansion of its ZTrade platform on July 12, incorporating COO verification services from the Chinese customs authority (GACC). This expansion allows Malaysian exporters to streamline trade processes with China, potentially reducing operational costs and enhancing efficiency in cross-border transactions. MYEG's proactive approach in digital trade facilitation underscores its commitment to driving revenue growth through innovative blockchain solutions tailored for international commerce.
該集團在7月12日宣佈了其ZTrade平台的擴展，納入了中國海關總署（GACC）的COO驗證服務。此舉擴大了馬來西亞出口商與中國之間的貿易流程的整合，潛在地降低了運營成本，增強了跨境交易的效率。MYEG在數字貿易便利化方面的積極態度彰顯了其致力於通過爲國際商業量身定製的創新blockchain解決方案推動營收增長的承諾。
The analyst at the bank highlights the strategic significance of MYEG's ZTrade expansion, noting potential earnings contributions from enhanced COO verification services. With ZTrade's operational margins anticipated to exceed 95%, MYEG is poised to leverage its blockchain capabilities effectively in capturing a larger share of Malaysia-China trade volumes. Maybank's BUY recommendation reflects confidence in MYEG's ability to sustain growth and profitability amidst evolving market dynamics in digital trade facilitation.
該銀行分析師強調了MYEG的ZTrade擴張的戰略重要性，指出了強化COO驗證服務帶來的潛在盈利貢獻。隨着ZTrade的運營利潤率預計將超過95%，MYEG有望有效利用其blockchain能力，捕獲更大份額的馬來西亞與中國貿易量。馬來亞銀行的買入推薦表明了對MYEG在數字貿易便利化不斷演變的市場動態中保持增長和盈利能力的信心。
譯文內容由第三人軟體翻譯。