A good chance to own defensive public infra business

AmInvestment Research is maintaining its “buy” call and forecasts on the group.

PETALING JAYA: Perak Transit Bhd may offer investors a good opportunity to own a defensive public infrastructure business that can be replicated for growth at bargain valuations, says AmInvestment Bank Research.

The research house is maintaining its “buy” call and forecasts on the group but has reduced Perak Transit’s fair value by 13% to RM1.05 from RM1.21 earlier to reflect the dilution from the group’s recently completed issue of one free warrant for every four shares.