NTPM on track for earnings upcycle on expansion

TheStar Tue, Dec 22, 2020 10:10am - 3 years View Original


The research house reiterated its “buy” call on the stock following in line earnings results with core net profit of RM28.4mil in the first half of financial year 2020.l

PETALING JAYA: NTPM Holdings Bhd is on track to transition to an earnings upcycle, underpinned by capacity expansion and sustainable margin growth, according to RHB Research.

The research house reiterated its “buy” call on the stock following in line earnings results with core net profit of RM28.4mil in the first half of financial year 2020.

RHB made no material changes to its earnings forecasts and kept its target price at RM1.03, which implies 17 times FY22 forecast price-earnings.

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