Hot Stock Supermax gains 2.15% on rating and target upgrade
Page 1 of 1
Hot Stock Supermax gains 2.15% on rating and target upgrade
- Hot Stock
[size=28]Supermax gains 2.15% on rating and target upgrade
By Surin Murugiah / theedgemarkets.com | February 15, 2016 : 9:32 AM MYTKUALA LUMPUR (Feb 15): Shares of Supermax Corporation Bhd rose 2.15% in early trade today after AffinHwang Capital Research upgraded the stock to “Buy” with a higher target price of RM3.40 (from RM2.20) and said Supermax is scheduled to release its 4QCY15 results in the last week of February.
At 9.14am, Supermax gained 6 sen to RM2.85 with 624,700 shares done.
In a note today, the research house said it is expecting a strong set of results due to higher installed capacity as Plants 10 & 11 are now operational.
“Its share price has corrected by 14% year-to-date; given our upward earnings revisions, we see value emerging in the stock.
“We raise our target price to RM3.40 at 16x FY16 PE due to the better earnings visibility. Upgrade to Buy on valuations,” it said.
[/size]
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» Hot Stock Supermax gains 1.47% after upgrade by CIMB Research
» Hot Stock Inari gains 2.82% on target price upgrade by AffinHwang
» Hot Stock Padini advances after rating upgrade
» Hot Stock Padini gains 3.70% on analyst upgrade
» Hot Stock Unisem gains 2.75% on upgrade, firmer 1Q earnings
» Hot Stock Inari gains 2.82% on target price upgrade by AffinHwang
» Hot Stock Padini advances after rating upgrade
» Hot Stock Padini gains 3.70% on analyst upgrade
» Hot Stock Unisem gains 2.75% on upgrade, firmer 1Q earnings
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum