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Home / Capital / Brokers Calls

Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results

Broker's Calls

Fortress Minerals still a 'buy' for PhillipCapital after strong 3Q21 results

Lim Hui Jie Published on Mon, Jan 18, 2021 / 2:38 PM GMT+8

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PhillipCapital’s Vivian Ye has maintained her “buy” call on Fortress Minerals (FML) with a higher target price of 47 cents, up from the previous figure of 28 cents.

She noted that FML’s 3QFY2021 results beat her expectations as the quarter’s revenue surged 150.9% y-o-y while profit after tax and minority interests (PATMI) spiked 477.9% y-o-y.

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