This would give the stock a 21.15% upside from its $1.04 closing.
PhillipCapital Research has taken a liking to Uni-Asia Group, which expanded into ship and property investments in 2010, thanks to record earnings from surging charter rates.
Analysts from PhillipCapital have initiated coverage on Uni-Asia with a “buy” recommendation and target price of $1.26, pegged to 3x price-to-earnings ratio (P/E) for FY2022.
