KUALA LUMPUR: Public Investment Research is retaining its Outperform recommendation on Genting Plantations with an unchanged target price of RM12.96 pending the completion of its two deals.
It said on Monday Genting Plantations had proposed to dispose 25% stake or 72 million shares in its unit Genting Integrated Biorefinery Sdn Bhd to Elevance Renewable Sciences Singapore for RM72mil.
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