Affin Hwang raises forecasts on Ajinomoto on steady export growth


KUALA LUMPUR: Ajinomoto (Malaysia) Bhd is on a growth trajectory driven by sturdy export demand despite the challenges faced in 2020, says Affin Hwang Capital research.

On the back of better-than-expected earnings in FY20, the research house raised its FY21 and FY22 earnings projections by 4% to 8% to account for the stronger export sales and better cost efficiencies.

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