KUALA LUMPUR: CIMB Equities Research says Daibochi Plastic and Packaging has significantly outperformed the market for 18 months, as investors piled on defensive stocks from 2012 ahead of general elections and the company’s strong earnings recovery in 2012.
It said on Friday it maintained its EPS forecasts and target price of RM3.68 at 13 times CY14 P/E, which is its target for the sector.
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