AmResearch maintains Hold on Puncak Niaga


KUALA LUMPUR: AmResearch is  maintaining its Hold recommendation on Puncak Niaga Holdings Bhd with an unchanged sum-of-parts based fair value of RM3.40 a share.

It said on Friday that for the 9MFY14F period, Puncak’s revenue fell 7% on-year to RM792mil.  It reported 3QFY14 core earnings of RM60.3mil (flattish on-quarter), bringing 9M earnings to RM166.7mil (-6.3% on-year). 

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