PETALING JAYA: Trading opportunities for DiGi Bhd might emerge as the distribution of DiGi shares by Time dotCom nears completion, said Maybank Investment Bank.
In a report issued on Wednesday, it said any further price weakness would represent a buying opportunity.
“DiGi has been particularly hard-hit in 2013 by profit-taking (-13% year-to-date) after outperforming peers in 2012. Our earnings forecasts and discounted cash-flow-based target price of MYR4.85 are unchanged,” it said.
In a report issued on Wednesday, it said any further price weakness would represent a buying opportunity.
“DiGi has been particularly hard-hit in 2013 by profit-taking (-13% year-to-date) after outperforming peers in 2012. Our earnings forecasts and discounted cash-flow-based target price of MYR4.85 are unchanged,” it said.
No comments:
Post a Comment