PublicInvestment keeps 'outperform' on Johore Tin, cuts TP to RM1.82

Johore Tin's products are used in a wide range of packaging including biscuits, paints.

KUALA LUMPUR: PublicInvestment research cut its earnings forecast for Johore Tin Bhd on lower sales coupled with an expected delay in the commissioning of its Able Diaires Mexico plant.

However, the research house anticipates a gradual improvement in Johore Tin earnings as the global economy recovers and production ramps up post-movement control order.