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RHB Research maintains Buy on Tune Insurance, ups fair value to RM2.70

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RHB Research maintains Buy on Tune Insurance, ups fair value to RM2.70 Empty RHB Research maintains Buy on Tune Insurance, ups fair value to RM2.70

Post by Cals Tue 29 Apr 2014, 22:04

RHB Research maintains Buy on Tune Insurance, ups fair value to RM2.70
Business & Markets 2014
Written by theedgemalaysia.com   
Tuesday, 29 April 2014 08:00

KUALA LUMPUR (April 29): RHB Research has maintained its Buy rating on Tune Insurance Holdings Bhd at RM2.23 with a higher fair value (FV) of RM2.70 (from RM2.40) and advised investors to accumulate Tune Insurance during its share price correction and temporary 1Q14 weakness.
In a note Tuesday, the research house said the company’s growth drivers include potentially benefiting from a recovery in tourism, heightened awareness of travel insurance, market expansion to a global customer base, M&As in Indonesia and Thailand, more tie-ups with airline partners and an expanding product range.
“Buy, with our FV nudged higher to RM2.70,” it said.
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