KUALA LUMPUR: Maybank Investment Bank Research maintained its "hold" call on TH Plantations Bhd amid missed estimates on lower-than-expected crude palm oil (CPO) average selling price (ASP) and weaker-than-exepcted fresh fruit bunch output.
The research house said on Wednesday it was keeping its recommendation on the counter given the limited upside to its unchanged target price of 55 sen on 0.8 times forward price-to-net asset peg, representing its five-year mean.
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