KUALA LUMPUR: CIMB Equities Research is maintaining its target price for Wah Seong Corporation at RM2.56, which is an upside of 44.6% from the Thursday’s closing price of RM1.77.
It said on Friday Wah Seong is back on a profitable path in 2Q13, leading to a modest 1H13 net profit that made up 8% of its full-year forecast and 9% of consensus.
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