analyst report
KUALA LUMPUR: AmInvestment research has downgraded N2N Connect Bhd
to hold from buy with a reduced fair value of 70 sen a share from 73 sen previously, as it slashed FY19F-FY21F forecasts by 14-15%.
In a note, the research house said N2N's 1HFY19 core net profit of RM8.5mil was up 18.3% year-on-year due to a lower effective tax rate, but remained only 38% of its and market's full-year estimates.
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