1HFY21: results within estimates

NEWSROOM Daibochi 1HFY21: results within estimates   Maintain Buy rating with TP of RM2.90 pegged to 15x forward PE based on CY21F EPS. Daibochi 1HFY21 core earnings was flattish at RM27m came in within our and consensus estimates. It accounted for 47% and 48% of...

Initiation: Entering new growth phase

NEWSROOM Daibochi Initiation: Entering new growth phase   Initiate coverage on Daibochi with a Buy rating and TP of RM2.90. Valuation is pegged to 15x PE based on CY21F EPS. Our investment thesis includes 1) aggressive capacity expansion activities due to growing...
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