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KUALA LUMPUR: CIMB Equities Research has raised Wah Seong Corp’s target price from RM2.56 to RM2.70, which is an upside of 59.8% from the last traded price of RM1.69.
WAH Seong Corp Bhd (Wah Seong)’s first half of 2015 earnings were below expectations with sequentially weaker profits and margins, reflecting challenging times ahead, Maybank IB Research said.
KUALA LUMPUR: CIMB Equities Research is maintaining its target price for Wah Seong Corporation at RM2.56, which is an upside of 44.6% from the Thursday’s closing price of RM1.77.
KUALA LUMPUR: RHB Research has upgraded Wah Seong to Buy from Neutral with a fair value of RM2.25 from RM1.56 and said the group deserved a higher 16 times PE, in line with its mid- to small-cap O&G valuations, on top of its 15% FY14F EPS upgrade.
KUALA LUMPUR: CIMB Equities Research is maintaining its target price of Wah Seong Corporation of RM2.72, which is an upside of 37.6% from the last traded price of RM1.98.