PETALING JAYA: Econpile Holdings Bhd
will continue to stay resilient and prove its mettle, despite facing multiple constraints in the sector.
“This, coupled with our expectations of an improving sector outlook post mandatory control order (MCO), leads us to believe that the stock now looks primed to trade at a higher price earnings ratio (P/E), ’’ said RHB Research.
It has initiated coverage on the stock with a target price of 74 sen. That is derived by pegging 2021 earnings per share to a target P/E of 17x.
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