CGS-CIMB Research upgrades DNex, raises target price to 34 sen

CGS-CIMB Research upgrades DNex, raises target price to 34 sen

The Edge Markets - Malaysia·2019-08-26 08:25

KUALA LUMPUR (Aug 26): CGS-CIMB Research has upgraded Dagang NeXchange Bhd (DNex) to “Add” at 26 sen with a higher target price of 34 sen (from 30 sen) and said DNex’s 1H19 results beat expectations at 58% of house FY19F profit but was in line with consensus due to higher-than-expected SIC earnings and lower tax rate.

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