KUALA LUMPUR: RHB Research expects Catcha Media's performance to improve, underpinned by a recovery in advertising expenditure and continuous enhancements in the Internet service infrastructure.
“As its earnings are not meaningful yet - which is normal for a young dot-com - we are changing our valuation methodology to one based on sum-of-the-parts, to arrive at a new fair value of 65 sen. Upgrade to Buy,” it said on Thursday.
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