NTPM share price retracement overdone, says RHB

KUALA LUMPUR: A buying opportunity could have opened up for investors in NTPM Holdings Bhd following its decline in share price and improving fundamentals, says RHB Research.

In a report following the release of the group's 3QFY21 results, RHB said the current valuation has overlooked the fundamental improvements in the turnaround of its Vietnam operations as well as its deleveraging balance sheet.