KUALA LUMPUR: RHB Research is retaining its Buy call on Prestariang Bhd with a fair value of RM2.25, which is 19% above its last traded price of RM1.89.
It said on Thursday the company had proposed to place out up to 44 million new shares (10% of its outstanding share base of 440.0 million) to raise between RM70mil and RM80mil.
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