KUALA LUMPUR: AmInvestment Research maintained its forecasts and Hold recommendation for Hup Seng Industries (HSI) and kept its fair value of 86 sen.
It said on Tuesday the 86 sen a share was based on an FY20F price-to-earnings of 16 times, three times multiples below its three-year average forward PE of 19 times to reflect the company’s unexciting growth prospects.
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