KUALA LUMPUR: OSK Investment Research sees more upside for Kossan Rubber Industries
, underpinned by strong earnings growth and cheap valuations and is maintaining a “Buy” call at RM2.31 with a target price of RM4.60.
It said in a research note on Monday that Kossan’s first half earnings of RM28mil were within its estimate as net earnings grew 21.8% over the previous year, due to the completion of its expansion in the four quarter of last year.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
