PETALING JAYA: Techbond Group Bhd is expected to navigate near-term volatility from geopolitical tensions and higher input costs, with RHB Research maintaining a constructive outlook on the company’s earnings trajectory and structural growth drivers.

The research house maintained its “buy” call on the industrial adhesives manufacturer, albeit with a lower target price of 37 sen from 42 sen previously, reflecting a more cautious valuation amid macroeconomic uncertainty.

“Our valuation is now premised on a 13 times price-to-earnings ratio for the calendar year of 2027, while we cut earnings for the financial year ending June 2027 (FY27) and FY28 to reflect uncertainties” it said.