KUALA LUMPUR: Affin Hwang Capital has slashed its FY20 earnings forecasts on Bermaz Auto Bhd but raised its FY21-22 earnings by 2% to 5% to reflect the pent-up demand in car sales volume.
It reaffirmed its hold rating on the stock while cutting its target price to RM1.99 from RM2.06 previously.
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