AmResearch maintains buy on Econpile, more jobs ahead


KUALA LUMPUR: AmResearch has maintained its Buy call on Econpile Holdings Bhd with a fair value of RM1.28 a share – pegged to a PE of 15 times FY15F EPS.

"Econpile recorded a net profit of RM31mil for FY14, an 11% rise from RM28mil last year. This was in line with our expectations," the research house said in a note on Friday.

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