KUALA LUMPUR: Following Parkson Holding’s latest quarter results which saw FY13 full-year earnings drop 36.7% to RM240.5mil year-on-year on weaker sales in China, PublicInvest Research says it believes the company’s performance has bottomed out and is upgrading its recommendation to Outperform.
Target price is, however, unchanged at RM4.17 for the stock, which closed Tuesday at RM3.30.
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