PETALING JAYA: The share price of GHL Systems Bhd
has seen a sharp correction following weaker earnings in the second quarter ended June 30, 2022 (2Q22).
Despite expectations of lower year-on-year earnings in financial year 2022 (FY22), RHB Research believes this negative sentiment has been priced in and the stock’s current price “presents a significant upside and an opportunity to buy into a proxy for Asean’s payment digitalisation and the secular trends of switching to e-payment and cashless channels”.
