RHB raises earnings forecast on OCK, TP at 68 sen

KUALA LUMPUR: RHB research has reiterated its "buy" recommendation and raised its target price on OCK Group Bhd on the back of an expected pick-up in mobile-related capex in 2021.

After raising FY20-22F core earnings by 3% to 7%, the research house increased its target price on the stock to 68 sen from 65 sen previously.