Police officer check all the road user at Kajang town ,road totally closed during MCO. However, with the quarantines and lockdowns on many countries as well the MCO in Malaysia, consumption for sportswear apparels has likely slumped.
PublicInvest Research lowers Magni-Tech TP to RM2.50
KUALA LUMPUR: PublicInvest Research has lowered its target price from RM2.80 to RM2.50 due to lower demand for sportswear demand due to the Covid-19 pandemic and movement control order (MCO).
The research house said due to the challenging business it had cut its forecasts for FY20-22F by 6%-18%.
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| MAGNI | 2.160 |
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