MyEG ... Aug12

It is Malaysia ’s main e-services, providing electronic delivery services such as annual renewal of raod tax, insurance premiums and foreign workers permits. Its revenue base is recession as consumers are encouraged to use its cheaper and more convenient services. In addition, its long term growth is exciting, given the new and proposed services in the pipeline.

Its next three years are driven from its existing and new services. It is expected to launch an online vehicle ownership transfer services which provides protection to car owners in the interium period when they sell a vehicle to a used car dealer and transfer of ownership to the eventual buyer. It will only be the company offering this service, targeting mainly financial institutions.

It has also proposed to the Customs Department a customs service tax monitoring system. It has yet to sign the concession with the government but hopes to do so before the year end 2012. The proposed CSTM could lead to upside surprises if ti takes off in a big way over the next few years from 2012.