In a Friday report, analyst Yeo Hai Wei highlights Koufu as “a steal” at current valuations for a company with solid niche leadership in a potential high growth, high margin business, in his view.
SINGAPORE (Mar 8): UOB Kay Hian is initiating coverage on Koufu Group at “buy” with a target price of 95 cents, which implies a 41.8% upside to its last close of 67 cents.
The move comes on UOB’s belief that the counter is deeply undervalued based on 18.1 times FY19F P/E, and pegged to a 10% discount to peers’ average.
