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Stock Digest - ECONBHD - Outlook turning stable, but valuations are stretched
We are ceasing coverage on ECONBHD due to reallocation of internal resources. Our last recommendation on ECONBHD was SELL with a fair value at RM0.16. The fair value was derived by ascribing a target PER of 15.0x to its FY24f EPS of 1.1 sen.