Affin Research upgrades Aeon, higher target price


KUALA LUMPUR: Affin Research has upgraded Aeon Co. (M) Bhd to “Reduce” from “Sell” with a raised target price of RM13.80 from RM12.13.

Affin also said in conjunction with Aeon’s 30th anniversary celebration next year, it believes the cash-rich company might raise its dividend payout.

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