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Kenanga downgrades Pantech on overhanging US shipment issue


KUALA LUMPUR: Pantech Group Holdings Bhd may not be able to resolve its suspension of shipments to the US in the foreseeable future, given the US government shutdown.

In a Friday report, Kenanga research said the shutdown posed "indefinite uncertainty" to the issue, pricing the stock to its floor valuation of 0.6x price-book value with a target price of 46 sen and downgrade to market perform.

Analyst Reports

   

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