THE offer price for the privatisation of Kulim (M) Bhd may come at a premium to its net asset value and market price but some believe that its intrinsic value could be higher over the long run.
RHB Research analyst Alvin Tai, in a note, says the offer price of RM4.10 is generous as it is 9.6% above its previous target price of RM3.74 and 24% more than its previous closing.
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