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KGI initiates 'outperform' on OxPay Financial with TP of 42 cents

Felicia Tan
Felicia Tan11/16/2021 12:57 PM GMT+08  • 3 min read
KGI initiates 'outperform' on OxPay Financial with TP of 42 cents
The target price is based on 25.0 times to OxPay’s FY2022 earnings per share (EPS) of 1.7 cents.
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KGI Research has started coverage on OxPay Financial (formerly MC Payment) with an “outperform” recommendation and a target price of 42 cents.

The target price is based on 25.0 times to OxPay’s FY2022 earnings per share (EPS) of 1.7 cents, according to analyst Megan Choo.

To Choo, the online-to-offline (O2O) financial services technology provider is well-positioned to benefit from the growing e-commerce trend.

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