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.
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