SINGAPORE (June 19): While overall profit will decline on weaker demand, supply chain, as well as workforce disruption owing to the Covid-19-induced lockdowns around the world, RHB analyst Shekhar Jaiswal believes the reopening of the economy following the circuit breaker measures should bring profits again for 2021F.

 

As such, Jaiswal has maintained his “buy” call on the company, with an unchanged target price of $3.90, which represents a 14% upside on the counter.

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