Analysts from KGI Research and UOB Kay Hian have kept their “outperform” and “buy” recommendations on Sunpower after the group completed the divestment of its manufacturing & services (M&S) segment on April 30.

Following the divestment, Sunpower have paid out two tranches of special dividends amounting to 14.06 cents and 10.06 cents per share paid out in June and July respectively.

On this, KGI analyst Chen Guangzhi has kept his target price at $1.22.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook