KUALA LUMPUR: Affin Hwang Capital Research has upgraded Hap Seng Plantations to a Hold on valuation as it offers above-average dividend yield.
It said on Thursday that pegging the stock now to its November 2007-June 2015 average price-to-earnings of 13 times (vs 12 times previously), it raised its 12M TP for to RM2.50.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
