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TH Plantations may see more red in Q4FY18


KUALA LUMPUR: TH Plantations’ upcoming Q4 FY18 results may include asset impairment(s) to clean up its balance sheet, Maybank Investment Bank Research says as it lowers its target price (TP) by 20% to 59 sen from 74 sen.

It said on Tuesday the lower TP was  to incorporate potential negative earnings surprises while its revised TP of 59 sen was based on lower 0.4 times trailing price/net tangible asset (previously 0.5 times), at -1.5 standard deviation of its updated five-year mean. 

Analyst Reports , Plantations

   

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