PETALING JAYA: CGS International (CGSI Research) has reiterated its “hold” recommendation on Beshom Holdings Bhd
with a revised target price of RM0.95 from RM0.93, adding that the group’s earnings growth outlook has already been priced in.
In a report, the research house said it tweaked its earnings estimates on the group, taking into consideration an overall stronger consumer spending outlook in Malaysia.
