KUALA LUMPUR: AmInvestment Bank Research believes Pentamaster Corp Bhd
to be overvalued following the technology counter's disappointing second quarter earnings result.
The research house, which downgraded Pentamaster to "underweight" cut its FY20 and FY21 forecasts on the group by 2% to 10% after the weaker-than-expected earnings announcement while also factoring in growth prospects from its diversification into the medical sector.
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