CIMB Research starts coverage of Bonia, target price RM8.11

KUALA LUMPUR: CIMB Equities Research has initiated coverage of local retailer Bonia Corp with an Add recommendation and a target price of RM8.11, which is 62.2% over the last traded price of RM5.

It said on Thursday that Bonia, after lying low in the past few years to focus on internal restructuring and strategy realignment, it is leading other Malaysian brands in becoming a truly regional premium brand.