PETALING JAYA: Kenanga Investment Research says the market is overly optimistic on Petronas Dagangan Bhd’s (PetDag) swift share price rebound from a five-year low, despite its potential earnings risk.
This is overshooting the company’s fundamentals when earnings are expected to take a big hit from the ongoing movement control order (MCO) and worldwide lockdown, said the research unit in its latest report.
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