Phillip Research said it is neutral about the corporate exercise pending the finalisation of the issue price.
PETALING JAYA: Electrical engineering and solar energy company Pekat Group Bhd
’s plan for a private placement is expected to dilute its 2025 to 2027 earnings per share (EPS) by about 9% to 10%, analysts say.
Phillip Research downgraded the stock to a “hold” from a “buy” rating on valuation grounds with the stock currently trading at 21-times forward price-earnings ratio.
