PETALING JAYA: AmInvestment Research has initiated covered of CSC Steel Holdings Bhd with a “buy” call and fair value of RM2.14 based on 10 times FY18F earnings per share (EPS), in line with the average forward price-to-earnings (PE) of major global key steel producers.
It projects CSC’s FY17/18 earnings to grow between 5% to 10%.
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