KUALA LUMPUR: Affin Hwang Capital research has upgraded Aeon Co
(M) Bhd to a "buy" call with a higher target price of RM1.79 as it forecasts stronger earnings expansion in 2020-21.
"We trim the 2019E earnings to reflect a slightly softer 2H19 performance, but raise that for 2020-21E on account of a progressive margin recovery," it said.
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