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NewsRHB Research maintains Buy on MPI, raises fair value to RM6.23
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RHB Research maintains Buy on MPI, raises fair value to RM6.23
by Cals Tue 24 Jun 2014, 23:50
| RHB Research maintains Buy on MPI, raises fair value to RM6.23 |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Tuesday, 24 June 2014 08:02 KUALA LUMPUR (June 24): RHB Research has maintained its Buy rating on Malaysian Pacific Industries Bhd (MPI) with a higher fair value of RM6.23 (from RM4.77) and MPI’s share price surged more than 25% over the last month, from an improving industry outlook as major industry associations/experts turn more bullish on the sector in the near term. In a note Tuesday, the research house said this would continue fuelling positive sentiment, and maintained its Buy rating. “Our fair value rises to RM6.23 (from RM4.77), pegged to a revised 1.7x CY14F P/NTA in anticipation of a better quarterly performance ahead,” it said. |
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