Better outlook: A file picture showing workers arranging packets of white refined sugar at MSM Prai plant in Prai, Penang. CIMB Research says it is positive on MSM following the sugar price revision.
PETALING JAYA: Analysts have raised their earnings forecast for MSM Malaysia Holdings Bhd
following the reported increase in the retail price of sugar.
CIMB Research bumped its FY17 to FY19F net profit estimates by 13% to reflect the higher average selling price (ASP) adjustments in retail sugar prices.
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