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RHB Investment Bank maintains ‘buy’ rating on Kumpulan Powernet | Malay Mail

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KUALA LUMPUR, Aug 24 — RHB Investment Bank Bhd has maintained a ‘buy’ rating for Kumpulan Powernet Bhd based on the company’s strong earnings growth despite the delay in its property development projects during the movement control order (MCO) period.  In a research note, RHB...

KUALA LUMPUR, Aug 24 — RHB Investment Bank Bhd has maintained a ‘buy’ rating for Kumpulan Powernet Bhd based on the company’s strong earnings growth despite the delay in its property development projects during the movement control order period.

Post-earnings adjustment, RHB raised its target price for Kumpulan Powernet’s shares to RM3.77 from RM3.46 previously.

 

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