CGS-CIMB Research analysts Ong Kang Chuen and Kenenth Tan have maintained their “add” call and raised their target price for GKE Corp to 21 cents, up from their previous figure of 18.4 cents.

In a July 7 report, the analysts think that dividends from the company, suspended since FY2017, could resume, as they see another strong showing in GKE’s upcoming results announcement. They estimate core net profit will grow 140% to $11.3 million. 

The forecast profit excludes GKE’s disposal gain of about $1.5 million (pre-tax) from a subsidiary stake sale. 

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