KUALA LUMPUR (Feb 28): AffinHwang Capital Research has maintained its “Buy” rating on Jaks Resources Bhd with a lower target price of RM1.70 (from RM2) and said the fundamental of the company remains unchanged, despite the disappointing headline PATAMI of RM700,000 for FY16. In a note today, the research house said the weaker than expected results was mainly due to several one-offs, and Jaks’s inability to recognised any EPC contract revenue in the 4QFY16.

Source: The Edge Markets February 28, 2017 01:27 UTC