KUALA LUMPUR: CIMB Equities Research has advised Thong Guan investors to subscribe for the irredeemable convertible unsecured loan stocks (ICULS) with free warrants issue.
It said on Thursday Thong Guan’s share price is up 16% since it initiated coverage last month. Even then, the stock's valuation remains undemanding at a basic 2015 price-to-earnings (P/E) of 8.1 times or 14.2 times (fully-diluted basis).
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