AmInvest Research retains hold on Hartalega, lower FV of RM11.20


KUALA LUMPUR: AmInvestment Research is maintaining its hold recommendation on Hartalega Holdings with a lower fair value of RM11.20 (previously RM13.56) while lowering the earnings estimates.

The research house said on Thursday its valuation was based on 25 times CY22F EPS, which is at a one-year standard deviation discount of the five-year historical average.

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