KUALA LUMPUR: Affin Research has maintained its Trading Buy rating on Puncak Niaga (PNH) with a target price of RM4.60, it said on Monday.
“In our earlier note, we acknowledge that based on Selangor’s 5th offer that values PNH’s water assets at RM2.90/share and RM0.65/share for O&G operations, the ‘floor price’ for the stock should be RM3.55/share.
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