KUALA LUMPUR: CSG-CIMB Equities Research reiterated its Add call for electronics manufacturing services company VS Industry with a lower target price of RM1.20, in line with its earnings cut after the first half core net profit was below forecast.
It said on Friday the RM1.20 TP was based on an unchanged 14 times CY21F price-to-earnings (P/E) -- in line with three-year sector mean P/E.
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