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RHB Research upgrades NTPM to Neutral, fair value 82 sen

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RHB Research upgrades NTPM to Neutral, fair value 82 sen Empty RHB Research upgrades NTPM to Neutral, fair value 82 sen

Post by Cals Tue 25 Mar 2014, 00:41

RHB Research upgrades NTPM to Neutral, fair value 82 sen
Business & Markets 2014
Written by theedgemalaysia.com   
Monday, 24 March 2014 08:08

KUALA LUMPUR (March 24): RHB Research has upgraded NTPM Holdings Bhd to a Neutral (from Take Profit) with a fair value of 82 sen and said the company’s 9MFY14 results were in line with its expectations but below street estimates.
In a note Monday, the research house said it deemed the results in line as 4Q is generally a weaker quarter. Its revenue and net profit were stronger due to higher sales across the board.
“Upgrade to Neutral from Take Profit, with our fair value unchanged at 82 sen, due to the recent share price retracement,” it said.
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