KUALA LUMPUR (Oct 9): The Ministry of Health's (MoH) Covid-19 test screening will provide multiple monetisation opportunities to My EG Services Bhd (MyEG), according to CGS-CIMB Research. “We understand that the Covid-19 test screening will be done twice, once on arrival and again on the 14th day after arrival,” he added. While no fixed value for the project has been given by management, CGS-CIMB sees room for higher Covid-19 test screening demand with the potential recovery in tourist arrivals beyond 2020. “The latest passenger traffic data published by Malaysia Airports Holdings Bhd indicated a total of 85,000 international travellers in August 2020. CGS-CIMB also projected a recovery in international passenger traffic from 10 million in 2020, to 18.6 million in 2021 and 39.9 million in 2022.

Source: The Edge Markets October 09, 2020 02:48 UTC