KUALA LUMPUR: AllianceDBS Research is maintaining its Hold recommendation on Wing Tai Malaysia (WTM) and lowered its FY15-16F earnings by 25% and 27% to incorporate weaker retailing margins and lower property sales for its high-end projects.
It said on Tuesday it reduced its target price to RM2.10, based on 50% discount to its realised net asset value of RM4.25.
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