CIMB Research initiates coverage on IFCA, TP 78 sen


PETALING JAYA: CIMB Research has initiated coverage on IFCA MSC Bhd with a target price of 78 sen based on 21 times 2016 P/E.

The research house said in a note to clients that potential catalysts for the stock included stronger-than-expected GST jobs, potential dividends and a move to the Main Board in 2016.

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