AmBank Research is maintaining its forecast and fair value of RM0.79 for Luxchem based on 14 times earnings per share (EPS) based on the forecast financial year 2021
PETALING JAYA: After the recent pullback in Luxchem Corp Bhd
’s share price, AmBank Research has upgraded its call to a “hold” from a “sell” on the group buying a glove-related business and new share placement.
The research house is maintaining its forecast and fair value of RM0.79 for Luxchem based on 14 times earnings per share (EPS) based on the forecast financial year 2021, valuing the stock at two times the multiple premium to its average historical forward price-to-earnings (PE) ratio of 12 times.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
