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KUALA LUMPUR: Affin Hwang Capital Research has maintained its Buy call on Astro with an unchanged target price of RM3.35, following the release of the company’s third quarterly results yesterday.
KUALA LUMPUR: Affin Hwang Capital Research believes Tenaga Nasional is undervalued as its share price is not fully reflecting the removal of the overhang from the sale of Edra by 1MDB to a Chinese company.
PETALING JAYA: There may be some optimism going forward for plantation giant IOI Corp Bhd despite the headwinds from weak crude palm oil (CPO) prices and volatile ringgit. However, the market may not be ready for a “buy” call on the stock yet, with most analysts still maintaining their “hold” or “reduced” calls.
PETALING JAYA: The earnings potential from IOI Properties Group Bhd’s (IOI Prop) ongoing project at IOI Resort City will be more than sufficient to offset the dilutive impact from its acquisition of almost 400 acres from chairman Tan Sri Lee Shin Cheng.