Most of the stock in KLSE fall during the last 3 week as investors goes for the chinese new year holiday. Now after the selldown we see that these stock has stopped dropping and potentially turning around(looking at today's price action), there are moving up today.
It said on Friday the RM4 target price is based on 14 times CY17 price-to-earnings (P/E), a 10% premium over the sector P/E.
“Potential rerating catalysts include higher RF content growth per smartphone and sustainable margin growth at Amertron. Inari remains our sector top pick due to its strong three-year EPS CAGR of 21%,” it said.
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Shares of JAKS Resources Bhd rose 2.59% at mid-morning today after its third quarter net profit more than doubled (113%) to RM5.91 million for the third quarter ended September 30, 2015 (3QFY15), from RM2.78 million in 3QFY14, due to its construction orderbook and billings from property development - See more at: http://www.themalaysianinsider.com/business/article/jaks-resources-rises-2.59-on-strong-q3-earnings#sthash.RGShY3PV.dpuf
Analysts maintained their ‘buy’ recommendations with a target price ranging from RM5.12 per share to RM6.50 per share following better than expected third quarter 2015 (3Q15) financial results announced by the company on Monday.
Read more: http://www.theborneopost.com/2015/11/18/favourable-prospects-for-ta-ann-earnings/#ixzz40aEdidh4
