KUALA LUMPUR: Kenanga Research has raised its target price on Hap Seng Plantations Bhd on expectation of strong cashflows on top of a sizeable cash surplus as well as a generous dividend outlook.
"Like many of its peers, robust cashflows can be expected from HSPLANT over FY21-23 but not many of its peers has a balance sheet as “liquid” as HSPLANT," said the research firm.
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