In her report, Choo listed four points that contributes to her positive outlook on the counter.
KGI Research analyst Megan Choo has kept her “outperform” recommendation on OxPay Financial with a lower target price of 30 cents from 42 cents previously.
According to Choo in her March 15 report, the lower target price is due to the overall de-rating of valuation multiples across the sector.
