AmResearch downgrades BFood to Hold

2017-12-06 0

AmResearch has downgraded Berjaya food from a 'buy' to 'hold' with a higher target price of 3 ringgit 5 sen compared to 2 ringgit 50 sen previously.

It said that the company's premium over its peers was justified in view of the earnings accretion of Berjaya Starbucks Coffee Sendirian Berhad .