KUALA LUMPUR: AmInvestment Research is maintaining its ‘buy’ call on Berjaya Food (BFood) but with a lower fair value (FV) of RM1.57 versus RM1.95 a share previously.The research house reduced the company’s full-year earnings forecast for FY20F, FY21F and FY22F by 21.4%, 17.9% and 13.0% respectively.
“This is to account for the impact of the MFRS 16 on BFood, ” it explained.
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