The higher target price is based on 1.0x FY2022 Re-valued Net Asset Value, he adds.
Rex International Holding’s “record-breaking” profits for FY2021 ended Dec 31 2021 has pushed UOBKayHian (UOBKH)'s Llelleythan Tan to maintain his “buy” call on the counter, at a revised target price of 58 cents.
This is up 12 cents from his previous 46 cents target, indicates Tan in a Mar 8 note.
