KUALA LUMPUR: Kenanga research is neutral on CB industrial Product Bhd's (CBIP) proposed disposal of freehold land in Klang to Kossan Rubber Industries Bhd
's unit Ideal Quality Sdn Bhd for RM40mil.
THe research house, which has an underperform recommendation on CBIP, said the valuation at EV/ha of RM9.9mil was fair.
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