KUALA LUMPUR: AmResearch has maintained its Buy call on Berjaya Food
with a higher fair value of RM2.50 a share, pegged to a PE multiple of 22 times fully-diluted CY15F earnings.
“This follows the earnings upgrade from the proposed acquisition of the remaining 50% equity interest in Starbucks Coffee Sdn Bhd from Starbucks Coffee International, Inc.
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