Backed by its robust cash flow-generative business, the company is currently in a net cash position of $68.8 million, says Ong.
Maybank Kim Eng analyst Eric Ong has initiated “buy” on Koufu Group with a target price of 78 cents.
The target price is based on an 18 times FY22E price-to-earnings ratio, in line with its local peers, says Ong in a Oct 11 report.
