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Monday, February 19, 2018

Maybank initiates coverage on Yong Tai

Bloomberg / Bloomberg
February 14, 2018 09:35 am +08

KUALA LUMPUR (Feb 14): Maybank Kim Eng initiated coverage of Yong Tai Bhd with a recommendation of buy.

Maybank predicted Yong Tai will trade at RM1.75 within a year, implying a 17 percent increase from the last regular trade. The new target is 17 percent below the consensus average of RM2.12 and is at the low end of forecasts ranging from RM1.75 to RM2.36. Yong Tai had 3 buy recommendations, 0 holds and 0 sells previously.

Analysts lowered their consensus one-year target price for the stock by 2.8 percent in the past six months. Forecasts range from RM1.75 to RM2.36.

* Upcoming catalysts* The next annual meeting is on Feb 28.

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