AmInvestment Research expects an even better second half for Kossan Rubber Industries and it has upgraded it to a Buy from Hold with a higher fair value of RM4.80.
KUALA LUMPUR: AmInvestment Research expects an even better second half for Kossan Rubber Industries
and it has upgraded it to a Buy from Hold with a higher fair value of RM4.80.
It said on Friday the stronger earnings would be boosted by favourable raw material price movements, cost savings initiatives, incorporation of an advanced manufacturing technology and continuous improvements in operating efficiency. These are expected to mitigate the risk of higher gas tariffs.
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!
