PETALING JAYA: AmInvestment Research has downgraded garment maker Prolexus Bhd to “hold” with a lower fair value of RM1.36 a share from RM1.61 after its weaker earnings and lower price-to-earnings valuations.
It said it had rolled over the valuations to CY18F from FY18F as it lowered “our price earnings (PE) peg to nine times from 10 times.”
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