KUALA LUMPUR: AmInvestment Research has initiated coverage on QES Group (QES) with a “buy” recommendation and a fair value of 34 sen a share based on FY19F PE of 15 times, representing a 42% upside.
To be conservative, the research unit attached a 20% discount to its peer average forward PE of 18.9 times to account for the group’s lower income base.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
