"We believe that this is a vote of confidence on the growth prospects of Moya," says lead analyst Jarick Seet in a Monday report, "We think the outlook is bright for the company and maintain our 'buy' call with an unchanged DCF-derived target price of 15 cents or 47% upside."
SINGAPORE (Apr 9): RHB is maintaining its “buy” call on Moya Holdings Asia after Moya’s founding shareholder, Moya Holding, sold out its stake in the group.
In Jan, Moya Holding sold a stake to majority shareholder, Tamaris infrastructure at 10 cents each. This was followed by the April sale of the remaining stake to Gateway Partners – a private equity fund which is now the substantial shareholder – at 11 cents each or a 10% premium.
