‘Outperform’ rating for I-Bhd on encouraging sales

I-Bhd recorded a net profit of RM19.6mil for its third quarter, similar to the immediate preceding quarter, to bring cumulative nine-month net profit to RM57.7mil.

PETALING JAYA: Public Investment Research has given an “outperform” rating on I-Bhd with a target price of 91 sen on the back of encouraging sales and healthy margins.

The research outfit said it continued to see strong earnings recognitions on the back of I-Bhd’s RM303.3mil unbilled sales.