AmResearch downgrades BFood to Hold

Astro AWANI 2017-12-06

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AmResearch has downgraded Berjaya food from a 'buy' to 'hold' with a higher target price of 3 ringgit 5 sen compared to 2 ringgit 50 sen previously.

It said that the company's premium over its peers was justified in view of the earnings accretion of Berjaya Starbucks Coffee Sendirian Berhad .

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