Malaysia media sector upgraded at ECM
Malaysia’s media industry was upgraded to “overweight” from “neutral” at ECM Libra Capital Sdn Bhd, which said it expects recovering consumer sentiments to continue unabated.
ECM Libra’s top pick is Media Prima Bhd. with a “buy” recommendation and share forecast of RM2.68, the research house said in a report today.
Star Publications Malaysia Bhd was also rated “buy” with a RM3.94 share forecast, according to the report. - Bloomberg
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