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RHB Research maintains Buy on Tune Insurance, trims fair value

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RHB Research maintains Buy on Tune Insurance, trims fair value Empty RHB Research maintains Buy on Tune Insurance, trims fair value

Post by Cals Tue 27 May 2014, 00:29

RHB Research maintains Buy on Tune Insurance, trims fair value
Business & Markets 2014
Written by theedgemalaysia.com   
Monday, 26 May 2014 08:07

KUALA LUMPUR (May 26): RHB Research has maintained its Buy rating on Tune Insurance with a lower fair value (FV) of RM2.60 (from RM2.72) and said the key takeaways from last Friday’s briefing were an  expanded revenue stream and new markets, including contributions from Air Arabia’s customers from May, OSI (in FY15) and Tune Hotel ‘Guest Cover”.

In a note Monday, the research house said the diversification angle was key to offsetting uncertainties in the regional tourism outlook and AirAsia’s plans to defer delivery of its aircraft.
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