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Kenanga maintains outperform on PIE Industrial


KUALA LUMPUR: Kenanga Research maintained outperform on PIE Industrial Bhd with an unchanged target price of RM2.10, underpinned by better earnings visibility in 2018.

The research firm said the counter's undemanding valuation with price-earnings of 11.4x vis-a-vis its EMS peers' 14x price-earnings offers an attractive entry level.

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