KUALA LUMPUR (Sept 11): Ambest Group Bhd (KL:AMBEST) is undervalued by investors at a time when the precision parts manufacturer has further earnings upside ahead, said Kenanga Investment Bank.
At current prices, Ambest is at a discount of more than 40% to regional and local peers, the research house said in initiating coverage with an ‘outperform’ call. Ambest should be valued at RM1.80 for the structural growth....
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