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Boustead to continue to see volatile earnings


KUALA LUMPUR: Kenanga research is cutting its FY18E/FY19E earnings forecasts on Boustead Holdings Bhd and downgrading its target price from RM2.05 to RM1.50.

It said  Boustead's core net loss widened year-on-year to RM29.4mil if excluding one-off gains, due to weaker contributions from plantation, property and heavy industries divisions.

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