AmInvest Research retains Underweight for Econpile, cuts FV - Business News - News Summed Up

AmInvest Research retains Underweight for Econpile, cuts FV - Business News


KUALA LUMPUR: AmInvestment Research maintained its Underweight call and forecasts for piling contractor Econpile but cut its fair value by 19% to 22 sen from 27 sen due to the weak propsects for property-related jobs.The research house said on Friday it valued Econpile at its end-FY18 net tangible asset (NTA), adjusted for a worst-case impairment of RM80.1mil (from eight times forward earnings previously).


Source: The Star March 15, 2019 03:11 UTC



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