Author: gorenggoreng88
August 24, 2017 10:31 am JST By Chong Sin Hao
Nikkei Markets
KUALA LUMPUR (Aug 24) -- UCHI Technologies jumps 6.7% to record high of MYR2.24 after company posted 2Q earnings growth of 37.3% on year, beating expectations.
Affin Hwang Investment Bank raises view to Buy from Hold, revises target price to MYR2.67 from MYR1.81.
Shares now +4.8% at MYR2.20. "We raise our 2017-19 EPS forecasts by 14%-30% to account for the improved near-term outlook resulting from better demand for high-end automated coffee machines from its end-customer Jura," says house in investor note; adds, undemanding valuation (2018's PE of 13x) and attractive dividend yield of 7.6% raise share's apppeal.
- By Chong Sin Hao; Dave.Chong@nikkeinewsrise.com; +60320267363
- Edited By Abhrajit Gangopadhyay
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Goreng Goreng Goreng.....
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http://klse.i3investor.com/blogs/GorengGorengEE/130894.jsp
