KUALA LUMPUR: AmResearch has reaffirmed its BUY recommendation on Bonia Corporation with a higher fair value of RM5.40 a share versus RM4.50 a share previously.
Its fair value was pegged to a higher 15 times price-to-earnings (PE) over CY14F earnings, which is at a premium to Padini Holdings’ (HOLD, FV: RM1.80 a share) implied target PE of 12 times.
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