SAC Capital analyst Lam Wang Kwan has kept “buy” on Megachem Limited with a higher target price of 55 cents from 50 cents previously on the back of its record results for the 1HFY2021 ended June.

For the half-year period, Megachem’s earnings grew by 39.7% y-o-y to $3.8 million, while revenue increased 26.7% y-o-y to $65.9 million.

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