KUALA LUMPUR: RHB Research is maintaining its Neutral call on Pestech International Berhad
at a fair value of RM4.72 and at a target price-to-earnings ratio of 14 times which is below its highest price-to-earnings ratio of 19.75 times since listing.
The research house says it believes Pestech would have a higher price-to-earnings ratio due to its position as a one-stop power transmission system provider, solid earnings outlook and exposure to emerging economies such as Laos and Combodia.
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