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ValueMax started at ‘buy’ on future earnings growth, higher interest rate environment

Michelle Zhu
Michelle Zhu • 2 min read
ValueMax started at ‘buy’ on future earnings growth, higher interest rate environment
SINGAPORE (Sept 7): KGI Securities has initiated coverage on ValueMax at “buy” with a target price of 39 cents, based on a price-to-book (P/B) ratio of 1.15 times FY17F estimates and in view of robust future earnings growth as well as a lower-for-long
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