KUALA LUMPUR (June 17): AffinHwang Capital Research has maintained its “Buy” rating on Scicom (MSC) Bhd at RM2.22 with a higher target price of RM2.62 (from RM2.58) and said Scicom’s Education Malaysia Global Services (EMGS) contract continues to be a stable earnings driver as Malaysia increasingly becomes an attractive education destination.
In a note today, the research house said another potential earnings driver is the extension of its e-government services to the region.
“Reaffirm Buy with a higher 12-month target price of RM 2.62,” it said.