Kenanga Research is estimating Scientex's FY14-15E net profits at RM155mil (+40.5%) and RM182.8m (+17.9%), and dividend yields of 4.3% and 5.1%.
KUALA LUMPUR: Kenanga Research is initiating coverage on Scientex Bhd
with an Outperform call, saying the packaging-cum-property play has further upside potential despite its share price almost doubling in the past year.
It is setting the target price at RM6.28 for the stock, which closed trading yesterday at RM5.50.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
