ANALYSTS have put the fair value on the shares of soon-to-be-listed Pembinaan Jayabumi (Sarawak) Bhd at 30% to 40% above its initial public offering (IPO) price of RM1.70 per share.
They said that based on its IPO price, the stock offers a significant discount to its peers in the sewerage and wastewater treatment sector, as well as the overall market valuation.
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