HLIB starts coverage on Ancom Nylex with target price of RM1.73
by Surin Murugiah
TP of RM1.73 based on a conservative target P/E of 17x – at a c.25% discount to its peers’ average P/E multiple of 23x.
Going forward, HLIB projected the group’s net profits to further grow by 22%, 45% and 18% for FY23-25f respectively –representing a CAGR of 28%,
Source: theedgemarkets.com
https://www.theedgemarkets.com/node/655102
