KUALA LUMPUR: AmInvestment Research is maintaining its forecasts for Perak Transit but tweaked its fair value (FV) lower by 3% to RM1.21 from RM1.25 to include a slight discount to reflect a two-star ESG rating as appraised by the research house.
It said on Tuesday, the basis of its FV was now 15 times FY22F EPS (at a 30% discount to its FY22F target PE of 22 times for Malaysia Airports) with a 3% ESG discount.
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