KUALA LUMPUR: Affin Hwang Capital Research has upgraded Hap Seng Plantations to a Hold on valuation as it offers above-average dividend yield.
It said on Thursday that pegging the stock now to its November 2007-June 2015 average price-to-earnings of 13 times (vs 12 times previously), it raised its 12M TP for to RM2.50.
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