For FY21 and FY22, AmInvestment expects sales growth to be driven largely by the opening of new stores as the group plans to open about 20 Starbucks stores in FY21.
KUALA LUMPUR: AmInvestment Bank research slashed its earnings forecasts for Berjaya Food Bhd
following an earnings disappointment over the first three quarters of its financial year.
AmInvestment lowered earnings forecasts by 7% for financial year 2020 (FY20), 18% for FY21 and 17% for FY22 while maintaining its “hold” call on the counter with a reduced fair value of RM1.02 a share from RM1.23 previously.
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