AmInvest Research keeps Hold call on ATA IMS, higher FV of RM2.22

KUALA LUMPUR: AmInvestment Research is retaining its Hold call on ATA IMS with a higher fair value of RM2.22 a share pegged to a higher CY21F price-to-earnings (PE) of 18 times (previously RM1.72 a share, CY21F PE of 14 times).

It said on Friday the higher PE was in line with its electronics manufacturing services (EMS) benchmark forward PE.