analyst report111
KUALA LUMPUR: AmInvestment Research is maintaining its Underweight call and forecasts for Econpile but raise its fair value to 34 sen based on eight times fully diluted CY20F EPS of 4.25 sen.
In its research note issued on Monday, it said this was in line with its benchmark forward target PE of eight times for small-cap construction stocks (from 25 sen previously based on an asset-based valuation method).
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