KUALA LUMPUR: RHB research has upgraded Magnum Bhd to a buy call from neutral with a higher target price of RM3.13 from RM2.36 previously on the back of strong year-on-year sales growth.
The research house lifted its FY10F-21F earnings by 12.9% to 14.3% and dividend per share to 17 sen from 15 sen previously after raising its ticket sales growth and payout assumptions.
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!