KUALA LUMPUR: Maybank Investment Bank Research has slashed its target price on Globetronics Technology Bhd
following a revision of its earnings forecasts.
The research house cut the target price by 95 sen to RM2.80 but maintained its "buy" call on Globetronics premised on its undemanding valuations and favourable net cash position as well as earnings support from stable sensor volume.
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