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CGS-CIMB initiates 'add' on Vicplas with TP of 27.5 cents, highlights medical manufacturing segment

Lim Hui Jie
Lim Hui Jie1/26/2022 02:21 PM GMT+08  • 2 min read
CGS-CIMB initiates 'add' on Vicplas with TP of 27.5 cents, highlights medical manufacturing segment
CGS-CIMB analyst William Tng has initiated coverage on Vicplas with an “add” call and a target price of 27.5 cents.
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CGS-CIMB analyst William Tng has initiated coverage on Vicplas with an “add” call and a target price of 27.5 cents.

In a Jan 25 note, Tng points out that the company is tapping into the “medical contract manufacturing space” for growth.

He projects a 10.8% earnings per share (EPS) compound annual growth rate (CAGR) over FY2022-2024 for Vicplas, driven by growth in its medical business.

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