Tune Insurance growth maintains

KUALA LUMPUR: RHB Research is maintaining its “Buy” call on Tune Insurance Malaysia Bhd (TIMB) at a fair value of RM2.70 based on financial year 2015 forecast price-to-earning ratio of 20 times.

“We deem this as a growth stock that deserves to trade at a premium to the sector’s 14-20x P/Es valuations, in view of its high earnings growth, potential margin expansion and market expansion amid an Asean customer base,” it said on Friday.

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Tune Insurance , Buy


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