KUALA LUMPUR: Affin Research has maintained its Buy call on Alam Maritim
with a target price of RM1.83 and likes the group for its undemanding valuation and strong earnings growth.
In a note on Thursday, Affin said Alam had entered into a subscription agreement with Associated Land Sdn Bhd and Caprice Capital Intl Ltd for the proposed issuance and allotment of 123 million new Alam shares, representing approximately 15.4% of its existing share outstanding.
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