PublicInvest retains outperform on Century Logistics with higher target price

Century Logistics executive director Edwin Yeap:

KUALA LUMPUR: PublicInvest Research has maintained its “outperform” call on Century Logistics Holdings with a higher target price of RM1.58 as it believes the company deserved more attractive valuation.

“We think the company deserves more attractive valuation, driven by the sooner-than-expected roll-out of parcel delivery business.