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NewsRHB Research maintains Buy on Inari, raises fair value to RM3.82
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RHB Research maintains Buy on Inari, raises fair value to RM3.82
by Cals Wed 06 Aug 2014, 01:05
| RHB Research maintains Buy on Inari, raises fair value to RM3.82 |
| Business & Markets 2014 |
| Written by theedgemalaysia.com |
| Tuesday, 05 August 2014 09:47 KUALA LUMPUR (Aug 5); RHB Research has maintained its Buy rating on Inari Amertron Bhd at RM3.16 with a higher fair value of RM3.82 (from RM3.49) and said Inari’s share price has gone up by 15% since the research house initiated coverage on the stock in early June. In a note Tuesday, the research house said it continues to like the stock as potential surprises in its upcoming 4QFY14 results release could drive near term sentiment while continued strength in Avago’s wireless division would likely help propel earnings growth over the medium term. “Maintain Buy with our fair value revised up to RM3.82 (from RM3.49) based on 17.5x CY15 P/E,” it said. |
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