MyEG climbs again after revealing new Covid-19 profiling system developed with Chinese partner

KUALA LUMPUR (Feb 20): My EG Services Bhd's share price, which has spiked almost 32% in the first two weeks of February before paring some gains in the last few days, is on the rise again after announcing it had developed an artificial intelligence-powered coronavirus risk profiling system that can track foreign visitors.

At 4.15pm today, the stock — which hit a high of RM1.37 last Friday (Feb 14) but dipped to RM1.23 yesterday — was trading 4.88% or 6 sen higher at RM1.29. It saw over 79 million shares traded, making it the fourth most actively traded stock on Bursa Malaysia today. Earlier, the stock was trading as high as RM1.31.

MyEG, which is said to be in the race for the government’s foreign visa system and the Integrated Immigration System, said yesterday that the company’s innovation has leveraged on its partnership with Phoenix Travel Worldwide Co.

Phoenix Travel is a leading China outbound travel company whose shareholders include China state-owned enterprise Citic Capital, Haier and Legend Holdings/Lenovo.

MyEG is now making the innovation available in Malaysia and the Philippines.